Bitcoin at $60 000, Litecoin’s favorable rate and 200 ETH for Elon Musk: digest of news in the crypto universe
Bitcoin cap reaches $1 tn in the forthcoming years, Elon Musk strives to get ETH while the Litecoin founder claims it’s high time to buy LTC. Read the digest to find out more about these and other events over the last week.
Elon Musk is asked to tell about Big Falcon Rocket for ETH
On his Twitter page, the developer Adam McMurchie offered 200 ETH to Head at SpaceX and Tesla Elon Musk for any information about Big Falcon Rocket (BFR), including its photo.
Musk answered in his well-known manner: “At this point, I want ETH even if it is a scam.”
Later, Chief Strategy Officer at Blockstream Samson Maw joined the discussion. He advised Musk not to get into Bcash.
Charlie Lee advises to buy Litecoin
In his interview to CNBC, Litecoin founder Charlie Lee announced that he doesn’t intend to buy the cryptocurrency he sold at the highest price even if it currently costs much less.
According to the preliminary data, in December 2017, Charlie Lee sold all LTC coins he owned. The expert justified it by the increasing accusations of the cryptocurrency price fluctuation.
“I sold the coins to avoid a clash of interests,” claims Lee.
However, LTC founder agreed that we now have a favorable period to buy coins. He also added that he “would recommend to do that.”
As of August 2018, 1 LTC costs about $60.
A tracking system for crypto transactions to be implemented in Russia
By order of the Federal Financial Monitoring Service of the Russian Federation, the Russian Institute for Security Problems and Information Analysis works on the crime recognition system including crimes related to cryptocurrencies.
According to the order, the Unified Information System will have a mechanism for receiving and processing of data on cryptocurrency transactions by the end of 2018. A tab Cryptocurrencies with a bank account number, a telephone and an e-wallet of a suspect will appear in the column Bank account that includes the information about the alleged criminals.
The system is planned to be launched on December 31, 2018.
Bobby Lee: “Bitcoin will pass $60 000 in the coming years”
According to Tweeter, Co-Founder and former CEO at one of the first China-based crypto exchanges BTCC Bobby Lee is sure that Bitcoin will pass $60 000 in the forthcoming years while its cap will reach $1 tn.
“If Bitcoin passes $60 000 the price level in the coming years, it’ll reach a total circulation value of $1 tn. That will be a huge milestone for BTC, and it’ll lead to more price stability, higher global liquidity, and even faster adoption worldwide,” ensures Bobby Lee.
The Lee’s forecast is based on his research in mining. The investor notes that the emission speed of BTC will drop to 900 coins per day as a result of the halving anticipated in spring 2020.