From events in the environment: Coinbase and Bitfinex implement SegWit; Venezuela produces its own cryptocurrency; Chief accountant PayPal about the upcoming popularization of Bitcoin; Finland has problems with the storage of Bitcoins confiscated; On exchanges of correction.
• Coinbase and Bitfinex implement SegWit:
Two of the most popular exchanges for cryptocurrencies, Coinbase and Bitfinex, has announced yesterday, 20. Feb that they are ready to deploy updates SegWit for Bitcoin. Coinbase wrote on Twitter the information that made up the final stages of testing SegWit for Bitcoin and aims to introduce it until the middle of next week. Bitfinex announced already functioning implementation SegWit for all customers who trade BTC.
Improvement SegWit to reduce the operation time and gives more efficiency than transaction fees. Director of technology Bitfinex, Paolo Ardoino, were quoted in the stock exchange message regarding the updates SegWit:
SegWit not only provides immediate benefits to users, but is also the basis for the future development of Bitcoin. Serving addresses SegWit, Bitfinex has three of the biggest problems of crypto-enthusiasts: Board of trade, the speed of transactions and overall throughput of the network.
In addition, the latest version of the Bitcoin Core client 0.16.0, which was just released 15. February also added a full update SegWit.
• Venezuela produces its own cryptocurrency:
Tuesday, 20. Feb, the Financial Times reported that the Venezuelan government began selling the world’s first national kryptowaluty Peter (PTR), based on oil. Of the 82.4 million Peter now, as for the currency in cash and kryptowaluty, although not available for wenezuelskie Bolivary.
Says Venezuelan Minister of foreign trade and international investment, Jose Vielma Mora, the Venezuelan government intends to attract foreign investors from countries such as Poland, Denmark and Norway, and thereby to oppose sanctions imposed by the US and the EU. Earlier President Nicolas Maduro ordered the issue of 100 million Petro the cost of one barrel of oil. The President hopes to raise from the sale of PTR, a total of more than 6. of billions of dollars.
To buy and trade Petro, investors need to download a digital wallet Peter, the government of Venezuela. After download portfolio is the address that you can give to anyone who wants to download it on PTR.
A catastrophic drop in the values Bolivara forced the government to look for alternative ways to save the economy from collapse. In the last 12. months inflation in Venezuela amounted to 4.115%, and Venezuela has lost 96% of its value, which led the economy to collapse.
• Chief accountant PayPal about the upcoming popularization of Bitcoin:
During an interview for The Wall Street Journal the chief accountant of PayPal, John Rhine, positively spoke about the use of Bitcoin as the future of popular payment options. Rainey said that PayPal was one of the first companies that adopted Bitcoin in its platform, Braintree, 2015. Further, the Rhine adds:
Given the current volatility of Bitcoin, it is not a reliable method of payment, because if you are a merchant and you have 10% margin on transactions, but you accept Bitcoin, which is the next day loses 15%, it will float.
In response to the question of what payments kryptowalutami will always be popular, Rainey stated that there is a very high probability that it will occur:
Technology is a major benefit. I think, however, that it will be years before we see the omnipresence and the General approval which make that this is a form of payment that we use every day.
Paypal co-founder Max Levchin, said in December last year, although it is believed that the Blockchain technology is revolutionary, not call their views about the future of Bitcoin.
• Finland has problems with the storage of confiscated Bitcoins:
Finnish authorities are trying to develop a method of storing 2000 bitcoins seized in 2016, which will be compatible with the new guidelines issued by the Ministry of Finance on Tuesday.
According to Bloomberg, citing the recommendation of the Ministry of Finance, local authorities are prohibited from storing bitcoins with a total value of nearly 22.8 million dollars on virtual stock exchanges or services virtual. Require instead of storing them in cold storage (media not connected to the Internet). The Finnish authorities refused to comment on how currently keep busy Bitcoins.
The expected court decision on the confiscation of 2,000 bitcoins, these funds will be converted into euros at auction, public as the Ministry of Finance believes that the exchange of commercial treachery and opaque.
It is not the first case in which kryptowaluty seized in criminal investigations are sold at auction. Apparently, the situation occurred in Bulgaria, where the government took over 213.519 Bitcoins worth about $ 2.5 billion, which the government intends to use to repay part of the debt.
22. Jan the office of the U.S. Marshal sold 3.813 Bitcoins confiscated in the investigation of criminal cases, some of which, as reported by Cointelegraph, was stopped at the time of arrest a known drug dealer in Utah. At that time, the sum of the commercial exchanges amounted to almost $ 50 million.
• Exchanges adjustments:
The last 24 hours was marked by numerous proofs. All the best kryptowaluty lose, including Bitcoin Of 9.1%, Ethereum 11.3%, the Ripple of 10.1% and Cash of the Bitcoin to 14.4%. The best among the 10. major currencies fell today, cardan, with a profit of 5.8%. Numerous losses have risen sharply on market capitalization, which is currently 458,3 billion. This means that during the day the market crypto currency lost up to 53.7 billion dollars.
source: cointelegraph.com, coinmarketcap.com.