Top Five Stories from The Last Week
| Vitalik Buterin Talks Scalability: 'Ethereum Blockchain Is Almost Full'
What is this all about?
Ethereum co-founder Vitalik Buterin says the Ethereum blockchain is almost full, noting that the hurdle facing big organizations interested in the Ethereum ecosystem is the still-thorny matter of the blockchain's scalability.
What could solve the problem in his opinion?
In recent comments, Buterin has argued that the future of crypto is pluralist and revealed his openness to hybrid solutions that involve both Ether and Bitcoin.
Binance Reveals 'Venus' — Its Own Project to Rival Facebook's Libra
What happened?
Top cryptocurrency exchange Binance is launching an open blockchain project "Venus" focused on developing localized stablecoins worldwide.
How will it operate?
The crypto exchange says Venus is an open blockchain project that will focus on developing localized stablecoins worldwide. Binance believes it's in a strong position because of its existing public chain technology and wide user base. Bitcoin Price 'Will Never Hit $50K,' Gold Bug Peter Schiff Tells Tom Lee
What happened?
Gold bug and crypto skeptic Peter Schiff has claimed: "My gold forecast came a lot closer than your Bitcoin forecast. Plus at least gold will eventually hit 5k. Bitcoin will never hit 50k."
How did the community react?
Bemused spectators voiced their confusion, given that Schiff owns BTC and accepts it as a payment method in his gold business.
Facebook-Owned WhatsApp Looks to Launch Digital Payments in Indonesia
What is this all about?
Even as Libra languishes, Zuckerberg is continuing to pursue digital payments far away from meddling politicians in the U.S. Over in Indonesia, Facebook-owned messaging service WhatsApp is in early-stage talks with fintech firms and a state-owned bank to support payments through digital wallets in the region.
What to expect?
The tech giant has gingerly confirmed that conversations are currently taking place but refused to share any more specifics. The digital payment services in Indonesia is expected to launch in 2020 — that said, this was when Libra was supposedly going to be unveiled to the masses.
Bitcoin Prices in and out of Four Figures During a Relatively Stagnant Week
What was going on with Bitcoin last week?
Although BTC has veered into the $9,000s several times over the past week, it has managed to consolidate $10,000 support. Prices briefly flirted near $11,000 before tumbling again — and bullish sentiment at the start of the week fizzled with it.
What influenced BTC?
Bitcoin made gains as the weekend approached, potentially helped by the fact that the U.S.-China trade war has escalated yet again, with President Donald Trump planning to raise tariffs on Chinese imports worth hundreds of billions of dollars. Some analysts believe that economic uncertainty in traditional markets helps elevate BTC's status as a store of value — prompting its comparison to "digital gold." 24 celebrities — 24 crypto stories in the new chapter of our "People Talk" write-up! | | | | |
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