submitted by Floris-Jan to aelfofficial [link] [comments]
2019 has been a tumultuous but amazing year for the development and advancement of blockchain technology. Following the rally to the all-time-highs at the end of 2017 and the intense infrastructure development and ongoing Bear Market of 2018 it was clear things were changing quickly. We are about to enter a new decase and the team at Aelf wanted to look back at 2019 and reflect on some of the events that occurred over the last year to see where the industry might be headed in 2020.
Although the year has been considered a continuation of the 2018 bear market, it didn’t stop development, progression and a myriad of crazy events from occurring. This included the challenges associated with global regulations, the upcoming Bitcoin halving event in May 2020, announcement of the Facebook Libra and Telegram Open Network’s (TON) launch delay. This year also saw a myriad of debacles from self-proclaimed Bitcoin creator Craig Wright, the Justin Sun and Warren Buffet lunch situation, the recent claim of Twitter CEO Jack Dorsey’s goal to modify Twitter into a decentralized version of the platform, and President Trump’s Bitcoin statement, among others. Now let’s examine more of what took place during 2019 as we approach the start of the New Year in 2020.
The SEC, Telegram, Facebook Libra, Kik and Blockchain’s Global Regulatory Environment
Many of the world’s governments have been harsh towards blockchain technology in recent years. Particularly, the US Government and the Securities and Exchange Commission (SEC) have been very reluctant to ease the regulatory framework for blockchain development in the country. This has become more evident in 2019, with the SEC combatting many blockchain projects this year including the $1.7 billion-dollar token offering of the Telegram Open Network
and the Facebook Libra project. As well the SEC created controversy in a gruesome battle with Kik over its alleged illegal token offering that Kik has sworn to fight to their last breath.
Many proponents of blockchain technology accuse the SEC of unfair policies to put a stranglehold on the development on blockchain in order to prevent the devaluation of the American monetary system. The reluctance for crypto exchanges to set up shop in the US is also becoming more prevalent because of the supposedly biased and unfavourable approach of the SEC. Nevertheless, there are also several major countries including China that have for the most part embraced the advancement of blockchain technology in 2019. China has also nearly finalized the development of the digital Chinese Yuan and announced that that country is going all in on blockchain development despite its sometimes anti-Bitcoin approach.
The Bitcoin Halving Event and its Ongoing Effect on Market Conditions
With the end of 2019 nearly upon us and the upcoming Bitcoin halving event set to take place during May of 2020 the market could be overdue for a bull market of mass proportions. Remember, the last bull market that took place was 2 years ago during December 2017 and was followed by an incredible dump from the all-time-high price of 20 thousand US Dollars to just 3300 USD in December 2018. For the most part, 2018 was a blood-bath for crypto markets and 2019 has not been all that much better. The price did briefly rally up to 14 thousand US Dollars during mid 2019 but has since been reduce by half with the Bitcoin price presently at just over 7000 US Dollars. Bitcoin was designed by its original creators with code written to mitigate the negative effects of inflation. In order to curb inflation, once every 4 years (or 210,000 blocks) the mining rewards that the network automatically generates are reduced in half.
3 Additional Stories to Watch in 2020
In June, the CEO of Tron, Justin Sun purchased tickets through eBay for a charity auction to have lunch with Warren Buffet. Sun paid a record $4.56 million US Dollars in the process becoming the highest bid in the 20-year history of the event. The purpose of the lunch from Sun’s standpoint is to change Mr. Buffet’s viewpoint towards crypto and blockchain tech by inviting several blockchain industry leaders to help sway the famous investor’s perspective. Sun subsequently missed the lunch he scheduled in September because of a sudden bout with kidney stones. At this time, the community will have to wait and see when Sun and Buffet will meet in 2020. Stay tuned.
Back in December of 2015, Craig Wright claimed publicly to be the creator of Bitcoin, Satoshi Nakamoto. Most believe Wright was lying to gain more fame and recognition in the industry. On November 18th, 2018 Bitcoin SV hard forked from the Bitcoin Cash Network to create it own chain. As noted above, the disgruntled CEO of Bitcoin SV, has for years maintained he led the initial development of Bitcoin. During February 2018, Wright was the subject of a 5.118-Billion-dollar lawsuit by Dave Kleiman claiming that Wright defrauded Kleiman of Bitcoin while working on the initial development of the Bitcoin Network between 2009 and 2013. In August 2019, Wright was ordered by a court of law to pay half the 5.11 Billion in Bitcoin back to Kleiman. Throughout 2019, Wright launched lawsuits against Ethereum founder Vitalik Buterin, Bitcoin Cash’s Roger Ver and others for calling him a fraud. It seems likely Wright will continue his ongoing Satoshi rhetoric in 2020.
The CEO of Twitter, Jack Dorsey recently stated that he has hired 5 full-time employees to modify the Twitter platform and make it increasingly decentralized. This may seem like a small step initially, but this project could be expanded easily by someone of Dorsey’s reputation and wealth in the technology industry. Dorsey himself has been a long-term proponent of blockchain technology and an investor in Bitcoin. Binance CEO, Changpeng Zhao, recently offered to help Dorsey make this dream come to fruition. Additionally, Morgan Creek Capital founder Anthony Pompliano supported Dorsey’s statement noting that, “Jack Dorsey may understand the future better than any entrepreneur on the planet right now.”
This year we saw Kik, Telegram and Facebook Libra face fierce backlash from the most powerful regulatory body in the world, the SEC. We saw the Chinese government announce that they are all in on blockchain development and declare the upcoming launch of their own centralized digital Chinese Yuan. Justin Sun postponed his 4.56-million-dollar lunch with billionaire investor Warren Buffet because of health issues, while Jack Dorsey the CEO of Twitter proclaimed a more decentralized and open version of Twitter to prevent some of the abuse on the platform.
In 2019, the 4-year long Craig Wright and Satoshi Nakamoto saga continued, and we finally are moving closer to the much-anticipated Bitcoin halving event of May 2020 that could change the trajectory of the Bitcoin price for much of 2020 and 2021. It is clear 2019 has been an incredible year for the blockchain industry. With no shortage of uncertainty and scepticism in the short-term, it is likely that 2019 will pale in comparison to the developments of 2020. As we approach 2020, the industry will continue to expand towards mass adoption and the mainstream evolution of blockchain technology. Nevertheless, with the global regulatory blockchain environment evolving in many areas across the world, the uncertainty in the United States remains stronger than ever. There is no telling what will happen in this regard and what will happen with Bitcoin and this amazing revolution in 2020 and beyond.
Merry Christmas and Happy Holidays from the Aelf Blockchain team and a Happy 2020 to all our community members!! Thank You
Jun 4, 2018 - Everthing About Bitcoin. See more ideas about Bitcoin, What is bitcoin mining, Bitcoin mining. ***Bitcoin Asic Ebay Circle No More Bitcoin Bitcoin Cfa Institute Bitcoin Asic Ebay Bitcoin Rig Vs Buying Bitcoin Bitcoin To Ethereum Price Free Bitcoin Generator 2016 No Download ★ Bitcoin Asic Ebay Bitcoin Presentation Slides Get Bitcoins For Seeding Bitcoin Asic Ebay Use Bitcoin For Shopping Online How To Sell Bitcoin For Dollars Investing In Bitcoin In India Bitcoin Classifieds “The Biggest Bitcoin Classified Advertising Site” Description: Bitcoin Classifieds is kind of like the Craigslist of Bitcoin. It’s free to create an account and list an ad. The site claims not to police or review posted listings, though its terms state that items of illegal nature (drugs, porn, etc.) are not allowed. Binance CEO Changpeng Zhao has apologized for causing concern among the crypto community when he openly spoke about the possibility of a rollback for the Bitcoin blockchain following confirmation of a hack leading to the theft of USD 40 million worth of bitcoins on its platform.. The rollback had caused a sharp backlash, particularly among Bitcoin-only communities, aghast at the very concept ... Unlike traditional auctions where the highest bidder gets the prize, the platform will only conduct reverse auctions. Bidders need to bid as low as possible, and the winning bid has to be unique. On the Bid4cc.com auction site, you’ll find auctions for bitcoin, Bitcoin Cash, Dash, Ripple, and Litecoin. The website plans to conduct daily ... About 15 defendants have been found guilty for they’re involvement in a crypto-powered auction scam, which runs in millions of dollars, and aimed at defrauding American victims, according to the United States Department of Justice (DOJ) on Thursday.The cryptocurrencies were laundered at that time, through Coinflux exchange. The decentralized exchange (dex) built on Ethereum, Uniswap has accumulated a whopping $2 billion in total value locked (TVL) this week. Tuesday’s data shows out of all the dece Binance users can now buy Bitcoin with practically all of the fiat currencies in existence; Binance, which is one of the leading cryptocurrency exchanges in the world, has partnered with the peer-to-peer crypto exchange Paxful. Via this partnership, Binance users can now use 167 different fiat currencies to buy Bitcoin. MyEtherPony has released an eBay like auction process on the Ethereum blockchain. MyEtherPony’s marketplace makes use of on chain transactions hybrid to achieve such functionality. Immutability provided by blockchain technology can be harnessed by an auction process where the highest bidder wins. This eliminates the need for a third-party (an ... Save money with misspelled items on eBay - find Bitcoin bargains in Netherlands for b7tcoin, b8tcoin, b9tcoin, bbitcoin, beetcoin, bi4coin, bi5coin, bi6coin, bicoin ...
[index]          
Bitcoin Price Prediction by Ross Ulbricht. Binance US listing. What are they exploring/ most likely listing? Binance is launching new year collectibles #nft. minted by enjin coin ENJ. Italian ... I didn’t find a real meaty topic to get into today so I decided to mop up a lot of little stories which wouldn’t have found a home anywhere else so let’s go ahead and do that. One person ... My Second Channel: https://www.youtube.com/channel/UCvXjP6h0_4CSBPVgHqfO-UA ----- Supp... Binance is also offering a reward of 20 EURO to the first 5000 users to register at www.binance.je.so go ahead guys and grab the opportunity to be in the first 5000 users but users has to complete ... BITCOIN EXIT STRATEGY - WHAT THEY'RE NOT TELLING YOU (btc crypto live news price analysis today ta) - Duration: 56:19. Crypto Crew University 32,154 views 56:19 EBAY TO ACCEPT BITCOIN AS PAYMENT METHOD?? There are many people citing many reasons for the huge surge in the value of Bitcoin, but one of the key reasons is the number of platforms that are ... #BINANCE #BITCOIN #BTC Today we are glad to announce the greatest crypto giveaway ever! It is happening just right now, during the live speech of Changpeng Zhao, CEO of Binance. eBay Accepting Crypto, Bitcoin + Starbucks, Cardano ADA MoU, Ripple In Dubai & Liquid Partners The Modern Investor. Loading... Unsubscribe from The Modern Investor? Cancel Unsubscribe. Working ... What will happen when Binance opens tomorrow? Is 40% dip still in the cards? eBay crypto rumor... Is 40% dip still in the cards? eBay crypto rumor... #Bitcoin Consensus pump? Ledn's first product, Bitcoin-backed loans, gives hodlers access to dollar liquidity without having to sell their bitcoin. This lets you keep the any potential appreciation in your precious bitcoin.