Mario Draghi: European Central Bank Has No Power to Regulate Bitcoin
European Central Bank (ECB) President Mario Draghi stated that its institutions do not have the authority to regulate cryptocurrencies.
Making a statement at the Economic and Financial Affairs Committee of the European Parliament, Draghi:
“It is not within our control to regulate or ban bitcoin and other cryptocurrencies.” said
After a question from the committee about whether the ECB will make a regulation on cryptocurrencies, Draghi made a statement.
Draghi said that the ECB is investigating the potential effects of cryptocurrencies in his analysis He noted that the emphasis was on risk, scale, use and economic impacts, and said:
“We need to understand what impact cryptocurrencies have on the economy.” He added that it is too early to use cryptocurrencies as a payment method.
Draghi also criticized the Estonian e-citizenship project and Estcoin earlier this month.
“Estonia’s If I have to comment on the decision, I must say that no state can introduce its own currency.. The currency of the eurozones is the Euro.”
Draghi isn’t the only ECB veteran to comment on cryptocurrencies these days.
Vitor, Vice-President of the Central Bank Constancio said that cryptocurrencies are purely speculative and likened them to the tulip mania in the Netherlands. Constancio added that cryptocurrencies do not pose a threat to the ECB’s central bank policy.
“Wolf of Wall Street” Jordan Belford: Jamie Dimon Is Right About Bitcoin
JP Morgan CEO Jamie Dimon received support from an unpredictable place today, Jordan Belfort, better known as “Wolf of Wall Street.”
Speaking with Thestreet Belfort said she agrees with Dimon’s view that Bitcoin is a scam: “I don’t think it’s a great choice.”
“I am not saying that cryptocurrencies in general are fraudulent. But in order to exist they have to get the support of some central government.”
He also added:
“Sooner or later, a central bank or a consortium will issue its own cryptocurrency and that’s what’s going to be held.”
He continued his critique by addressing the cybersecurity risks posed by protecting Bitcoin and the technology underlying cryptocurrencies rather than any central authority or institution in the system. I’m not telling. But what I’m saying is that one has to be careful about investing too much money in things that can disappear very quickly.” He said and finished his words.
Ripple Swift competition heats up day by day. Ripple’s goal is very clear! To be an intermediary platform in money transfers between parties in international financial transactions.
Can Ripple replace the Swift system?
As a result of international economic relations, billions of dollars of funds are transferred daily between banks, companies and financial institutions.
The most common method used to transfer funds between two parties is the international financial institution Swift established by Swift. is the network.
What is Swift?
Swift is a system that provides the standard for electronic funds transfer between almost all banks worldwide.
What does the Swift system do?
This secure network provides a Swift code (a kind of identification number) to fund transfers made by the parties, ensuring that financial transactions are recorded and the transfer takes place securely
What does SWIFT do? means? What does Swift stand for?
SWIFT, which stands for Society for Worldwide Interbank Financial Telecommunication, means World Interbank Financial Telecommunication Company.
SWIFT, which was founded in 1973 and stands for Society for Worldwide Interbank Financial Telecommunication, can identify almost all banks worldwide thanks to the bank identification code it calls BIC (Bank Identifier Codes).
According to Swift data, 32 million financial messages are sent daily. That’s 32 million daily fund transfers.
What does Ripple aim for?
Ripple started out as a competitor to SWIFT with its payment network called RippleNet, which performs instant and lower-cost international money transfers between banks and financial institutions.
See: What is Ripple? Where and how to buy XRP? How is the future of Ripple?
Ripple focuses on this sector where Swift system alone dominates. Ripple’s claim is to make this financial transaction faster, safer andcheaper. The xRapid network that Ripple has built based on blockchain technology so far fulfills this claim of Ripple perfectly.
See: Experts’ comments: How much will XRP cost in the medium and long term?
Ripple’s marketing coordinator Ross D’Arcy says sending money through the Ripple network is as easy as sending an email.
“3 clicks, 30 seconds, you receive confirmation that the money has been sent. That’s why transferring money on the Ripple network is as easy as sending an e-mail or sending a voice message.”
Meanwhile, Swift is working on updating the software it uses.. Name of new payments system API. The API is not based on blockchain technology and its goal is to speed up the transfer of funds by minimizing errors.. However, the technology difference between Ripple Swift is developing in favor of Ripple.
Ripple’s CEO, Brad Garlinghouse, has also made statements in support of this claim before.. Said they replaced Swift and reached agreements with 200 banks and financial institutions. Among these banks are Ak Bank and HSBC Bank from Turkey.
Essentially, the biggest problem encountered in banks and the SWIFT system, which makes Ripple advantageous, is that banks impose some procedures before transactions.. As a result of these procedures, liquidity problems and some risks related to credit may arise.
Right at this point, Ripple stepped in and created a closed-circuit payment network that also relieved banks’ concerns about security.. And it has developed a payment and transfer system that solves the problems we mentioned.
Although Ripple Swift competition is getting hotter, it is actually not that easy for both customers and corporate users to get used to such new technologies.. Although it is generally accepted that it has shortcomings, users prefer to use a technology they trust.
By 2024, the number of Bitcoin users will reach 200 million
According to RT, looking at the current exponential growth rate, the number of Bitcoin users is expected to reach 200 million by 2024.
The number of Bitcoin users who opened a single account in March 2017 reached 5 million people
In March 2017, Dr.. A Cambridge study by Garrick Hileman and Michel Rauchs revealed that the number of active users using bitcoin wallets is between 2.9 million and 5.8 million. Proportionally, the number of Bitcoin users also increased at a rapid rate.. Coinbase, the largest Bitcoin exchange and wallet platform in the global market, serves more than 13 million active users. Coinbase alone registered 1.2 million new users in November.
Altana Digital Currency Fund Coinbase User Growth Chart provided by Bitcoin Investor and Partner Alistair Milne
Major regional bitcoin exchanges such as Japan’s BitFlyer and South Korea’s Bithumb each also have nearly one million users.
If bitcoin exchanges include hot wallets or bitcoin addresses, the number of unique bitcoin users is likely to exceed 10 million.
Bitcoin mainstream factors
Essentially, with 200 million active users, bitcoin penetrates the mainstream market and the vast majority of investors and ordinary consumers will embrace bitcoin as a solid store of value and digital currency.
CBOE and CME’s listing of bitcoin futures in mid-December, in the traditional financial market , large-scale institutional investors, retail traders It will lead to the use of bitcoin among businesses, hedge funds and investment firms. Ordinary consumers and investors alike will move forward with a domino effect as more than ten million institutional currencies enter the bitcoin market. increases its availability and liquidity. Already, in November, the massively popular and widely used fintech application Square integrated bitcoin, allowing users to store, buy or sell bitcoin.
As Crypto News previously reported, South Korea’s second Shinhan, a major commercial bank and an influential financial institution within the local financial sector, has begun the testing phase of its banknote vault and wallet services.
Finally, as bitcoin solidifies itself as the leading global store of value, an increasing number of unique and active users
However, fundamental scaling issues of the Bitcoin blockchain network should be resolved as users are accepting interference as an alternative to currencies. Through second-tier infrastructures such as Lightning, on a long-term basis, bitcoin users and businesses will be able to transact micropayments or significantly lower fees to settle payments for goods and services.
Bitcoin service providers and exchanges lightning and other potential By integrating second-tier scaling solutions, more users will be able to benefit from using bitcoin to have on-chain functionality that processes light payments as well as small payments and lightning channels, with higher fees.
Akbank received a loan of 700 million dollars from international markets
Akbank According to its statement to the Public Disclosure Platform, it has received a total of more than $630 million in loans from international markets. More than 280 million of this was bought in dollars, and more than 340 million in euros
After the syndication loan received, Akbank General Manager Hakan Binbaşgil drew attention to the economic negative effects of the coronavirus epidemic. Emphasizing the liquidity shortage especially in terms of dollars and euros, Binbaşgil said that with the 700 million dollar loan, the syndication market was reactivated and activated.
On the other hand, Akbank added the “accordion” feature, taking into account the process experienced in the banking sector, which suffered one of the biggest blows due to the covid-19 epidemic. In this way, banks that wanted to enter syndication but could not complete the loan procedure due to time constraints were also given the opportunity to participate in the transactions.
Turkey name from Booking.com: Will open an office and pay taxes
Following the social media law that President Recep Tayyip Erdoğan gave immediate orders to be removed, world giants such as Spotify and Booking.com took action to continue their activities in Turkey. The law, which came into force on October 1, 2020, obliges companies with 1 million or more users to open a representative office in Turkey.
Access was closed 3 years ago
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The news that Sweden-based Spotify will open a representative office in Turkey and obtain a broadcast license was given yesterday. After Spotify, a big step came from the online reservation agency Booking. Booking, an online travel agency for accommodation reservations based in Amsterdam, was closed 3 years ago on the grounds of unfair competition and not paying taxes. After his access to the Booking site was closed in 2017, a big move came from the giant company.
According to the news of Betül Alakent from Sabah, Booking, which has been closed for 3 years, will reopen in Turkey if it fulfills the conditions. According to the social media law passed by the Parliament and enacted, Booking will be obligatory to open a representative office in Turkey.
It has also been learned that Booking.com will pay 7.5 percent tax on its turnover from Turkey. It has been learned that Booking is in talks with authorized ministries and institutions to return to Turkey.
Bittrex Users Attention! Deadline for Unlisted Coins March 30
Bittrex is a world-renowned and active international exchange with a daily trading volume of 120 thousand Bitcoins and approximately 150 million dollars.. However, the US-based Bittrex has recently decided to remove many coins from the exchange with the new regulations of the SEC.
The deadline for removing the unlisted coins from the stock market is March 30.. After this date, users will lose the chance to withdraw these cryptocurrencies from the stock market.
Without further ado, let me clarify the development a little more with the following sentences on Bittrex’s site;
“The wallets of the listed tokens It will be removed from our stock market on March 30, 2018. Once these wallets are removed, you will no longer have access to them.. If users want to own their coins, they must withdraw them to their own wallets before March 30, 2018.”
The digital coins in the list;
8BIT ADC AM AMS APEX ARB BITS BITZ BLC BOB BSTY BTA CCN CRBIT CRYPT DAR DGC DRACO DTC FC2 FRK FSC2 GEMZ GHC GP GRT HKG HYPER HZ J KR LXC MAX MEC METAL MND MTR MZC NAUT NET NEU NTRN OC ORB PRIME PXI ROOT SCOT SCRT SFR SLG SLING SOON SPRTS SSD STEPS STV SWING TES TIT TRI TRK U UFO UNIQ UNIT UNO UTC VIOR VIRAL VPN WARP XAUR XBB XC XCO XDQ XPY XQN XSEED XTC YBC
Winklevoss brothers "Bitcoin is a trillion dollar asset in the long run"
Tyler and Cameron Winklevoss, better known as the Winklevoss brothers, expect Bitcoin market valuation to exceed trillions of dollars in the coming years.
Principles of Predicting the Winklevoss Twins
In an interview with CNBC, Cameron Winklevoss explained that bitcoin’s properties allow it to function as a store of value of magnitude better than gold in many respects, including portability, divisibility, and money supply.
Every time we looked at Bitcoin specifications, we felt that it was gold 2.0. Gold is scarce, bitcoin has really improved. The Bitcoin path is a more portable and divisible path.
He considers that the market valuation of bitcoin is already approaching $300 billion if bitcoin can continue to disrupt the 6 trillion gold market in the long run. He added that it could hit a trillion dollars in a relatively short time.. .
Winklevoss emphasized “Long-term, directionally, it is a multi-trillion dollar asset – I don’t know how long it will take to get there”.
Bitcoin is rapidly transforming the global financial industry as a decentralized store of value. The ability of the Bitcoin market to sustain its growth rate over the next few years will permeate the gold and offshore banking sectors. The combined market share of gold and the offshore banking industry reaches nearly $40 trillion.
Other currencies and cryptocurrencies have no competition from bitcoin, Winklevoss said. On the contrary, other security haven assets and storage of values like gold are the real competition of cryptocurrency. He explained:
“Bitcoin does not compete with other currencies. It competes with gold. Bitcoin is the oldest in the industry, it has the advantage of being the first and it has tremendous liquidity “
US$32 trillion Stored in Offshore Bank Accounts
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A study by Asset Protection Planners in April 2015 estimates that the amount of cash and assets held in offshore bank accounts exceeds $32 trillion.
At the time, tax lawyer and Liechtenstein wealth adviser Philip Marcovici, both offshore banking They noted that individual and institutional investors who store money in their accounts do not seek tax avoidance, but achieve privacy and financial privacy.
“For most people, it’s not just the purpose of not paying taxes. Marcovici aims to achieve the right to privacy and seek financial secrecy,” said Bitcoin. system, mainly because governments are shrinking offshore bank accounts. In 2016, the U.S. government was fined $1.3 billion in taxes, including more than 43,000 off-shore bank accounts holding $48 billion. they can’t make possible pressures. Thus, providing offshore bank accounts provides privacy and financial privacy to the intended investors.
If bitcoin can make up 10 percent of the global offshore banking industry, bitcoin’s market share could exceed $3.2 trillion. Based on 21 million Bitcoins, assuming the BTC price is $152,380, it reaches a market value of US$3.2 trillion.
The Winklevoss brothers are also known as the first Bitcoin billionaires.
Another first from Migros: It will serve day and night with its self-service market.
One of the biggest retail companies in Turkey and the world, Migros continues to take the first steps. Migros, which has made its mark on innovations to serve its customers better, has started a pilot study at Ataşehir MMM Migros, where customers can shop day and night.
Self-service will be provided at Migros’ Ataşehir branch, which provides the opportunity to shop at any time of the day. There are more than 100 kinds of products. The market opened in front of Ataşehir MMM Migros will serve day and night.
The self-service store, which stands out with its product variety from cologne to charging cable, will also add a new dimension to the shopping concept.
Real Estate Based ZABERCOIN, Bonus Opportunities Continue.
ZABERCOIN: ERC20 ETHEREUM BASED TOKEN IS A REAL ESTATE ASSET.
“Good design is good business” – Thomas J Watson.
Zabercoin is an innovative and above all stable real estate token; ZAB token adds a new dimension to real estate by using decentralized blockchain technology in the global cryptocurrency market. Zabercoin is the future of real estate.
Zabercoin’s mission is to be the real estate token of choice in the global blockchain real estate market.
Zabercoin is wealth management, real estate development, investment, IT, finance, commerce, law It is proud to have a very strong and dynamic management team with many years of experience in the fields of cryptocurrencies and cryptocurrencies.. Team believes diversity leads to better business results. Hence, a highly capable and targeted product has been developed:
Zabercoin’s 4-phase plan is as follows:
Phase – 1:
Zabercoin ensures that ZAB always has intrinsic value by purchasing profitable and high-yielding properties in emerging markets (EM).
Although the focus of Zabercoin management is to buy property in emerging markets, Apart from EM, other profitable and profitable projects will also be evaluated in the investment plan.. From the beginning, Zabercoin has been operating under 13 of the RSA’s Income Tax Act to ensure sustainable, profitable, rental income and maximum growth for the investor..
Zabercoin believes in a top-down value investing approach, thus evaluating the EM country and the macro economy before joining the project itself.. Value investing outperforms all other investment styles (momentum, size, quality, etc.) over time and underpins our investment decisions.
The Zabercoin management team brings its proprietary development expertise, both locally and globally, at scale. showcases excellent knowledge of the changing real estate market environment with extensive experience in complex transactions. Zabercoin continues the philosophy of “in control” asset management.
Phase- 2:
More convenient with decentralized open source Using blockchain technology to develop a cost-effective structure, Airbnb creates an eco-system for hotel room rentals, private properties and accommodation. is an online marketplace for renting or renting short-term housing. However, the costs that guests have to bear are very high.. Airbnb currently has a market share of around $30 billion. 6-12% host and 3% accommodation people pay commission after accommodation. Based on these figures, they plan to generate more than $10 billion in revenue by 2020.
As Zabercoin uses blockchain technology to reduce leasing or rental costs, it has recognized that there is a fantastic trading opportunity here.. The use of blockchain technology will enable Zabercoin to make the entire reservation system more cost-effective and beneficial not only to the host and guest, but also to the ZAB user.
Compared to current cost structures, Zabercoin is only 4% for a guest. and will charge 2% for a host. Half of the above revenue (50%) will go to ZAB users in the decentralized Zabercoin account portal. By incentivizing ZAB users, they won’t need marketing and using blockchain technology will have very low management costs. According to this account alone, it will reach a value of 3 Billion dollars.. If Zabercoin can raise $30 million, it will deliver 100x ROI!
Phase – 3:
A decentralized blockchain-based real estate ledger has been developed that records all real estate contracts, records and associated invoices.
With this ledger, Zabercoin provides property owners and potential buyers with an accurate and uninterrupted access to valuation and property ownership. will be able to record. Compared to Windeed, a centralized South African service provider, Zabercoin will be unique in offering a decentralized global service that effectively leverages the benefits of blockchain technology.
Phase – 4:
Using ZAB tokens as an approved method of payment for transfer taxes on property.
South of one country, South Africa seized more than 80,000 properties per year. is changing. Zabercoin also aims to encourage users in this regard.. Bitcoin, 8. Rarely referred to as “digital gold” despite making up a $2 trillion industry. Zabercoin aims to be the preferred and useful real estate cryptocurrency in the industry with a valuation of more than $200 trillion.
Bonus Opportunities During ICO Period
The Zabercoin investor will make the most of the Bonus opportunities during the ICO period.. Therefore, a very attractive bonus structure has been developed during the pre-ICO sale and the overall ICO period.. The ICO starts on December 1, 2017 and ends on January 16, 2018.
The standard price of Zabercoin (ZAB) (no bonus): 1 ETH = 35 ZAB.
8 in the first week of December Until December (until 11:00 UTC), traders receive a 50% bonus. This means 52.5 ZAB for 1 ETH.
Bonus will decrease by 10% every week. For example, when you invest in the second week of December from December 8-15 (at 11:00 UTC), you will receive a 40% bonus. This means 1 ETH equals 49 ZAB.
You can trade Zabercoin after Public ICO and listed on exchanges. Zabercoin will be available on many exchanges around the world.
For more detailed information about investing and participating, you can visit our website and youtube channel.
Invest now !! !
https://www.zabercoin.io
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