Bitcoin Ecosystem Not Worried By Potential ‘Brexit’ Scenario
The world’s economies are in a very frail state as of late, ever since the most recent financial crisis took place. Some countries, such as the United States, have noted a small growth for the first time in many years, while others are on the brink of collapsing. Despite the outlook of a unified front, the United Kingdom could end up leaving the European....
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The price of bitcoin is rising at press time, passing the $650 mark just a day after dropping to a weekly low of $550. Though there were suggestions the volatility could be tied to any number of recent indicators, at press time, ongoing macroeconomic concerns in Europe seem to be the most influential factor, as the price of bitcoin began to rise amid reports that the UK appears increasingly likely to leave the European Union. The UK’s ongoing EU membership referendum, in which voters were asked whether the country should stay (‘Bremain’) or leave (‘Brexit’) the European Union, has....
On the 23rd of June the United Kingdom will hold a referendum to decide whether it should remain in the European Union or whether it should leave. A potential leaving of the European Union by the UK has been dubbed ‘Brexit’ and the polls are currently suggesting that it can go either way. This uncertainty has weighed heavily on the British pound since the beginning of the year and is poised to spark strong volatility in Britain’s currency in the wake of the referendum, regardless of the outcome. This in turn creates the opportunity to generate strong trading profits in the currency market.....
In a previous post, I wrote that I believe the blockchain has the potential to be as disruptive – and unlock as much opportunity and innovation – as the Internet, and that it could become a ubiquitous, interoperable, reliable, low-cost network for transactions of various kinds. But along with that enormous potential, the blockchain also faces challenges that are similar to, but in many ways very different from, what we had and continue to have with the Internet and the Open Web. I'm worried about the current situation of bitcoin and the blockchain. Partially driven by the over-investment....
Bitcoin Core contributor Peter Todd recently discussed a variety of topics on The Crypto Show. Todd was asked if he is still worried about the possibly negative implications of a controversial hard fork induced by Bitcoin Classic or any other alternative Bitcoin client. said he is still worried about a hard fork due to some larger block size limit supporters who seem willing to “fork Bitcoin at all costs.” When Todd was first asked how he felt about his hard fork worries, he brought up the fact that some parts of the Bitcoin community seem ready to fork the blockchain no matter what. He....
Do kwon told Laura Shin on her Unchained podcast that he is betting on the long term growth of BTC price and isn’t worried about short term volatility. Terraform Labs CEO Do Kwon has conceded that a crash in the price of Bitcoin would be “negative” for the stability of the UST stablecoin, but that he expects Bitcoin to go up.Terraform Labs is the entity behind the Terra (LUNA) blockchain platform which plans on buying a total of $3 billion in Bitcoin as a reserve for the UST stablecoin. Kwon made the comments in an interview on the Unchained podcast on Mar. 29. Host Laura Shin asked Kwon....