20k is a Conservative Prediction for BTC, - OKEx Exec

Andy Cheung believes that most investors will not sell cryptocurrency until new historical highs are reached
30 May 2019   433

The head of the operational department of the OKEx cryptocurrency exchange, Andy Cheung, is convinced that the price of Bitcoin will once again reach $ 20,000 this year.

In his opinion, most investors will not sell cryptocurrency until new historical highs are reached, despite the fact that its quotes have soared 180% in just three months.

$20,000 is a conservative prediction for Bitcoin price in 2019, as I said last year. The rally won’t stop here, because more institutional investors are coming into the market and the 2020 halving effect starts to take place. We are thrilled to witness such bullish trend and I look forward to a new high the Bitcoin deserves. Bitcoin is not just a coin, but a spirit that hinders the crypto-industry.
 

Andy Cheung

Head of Operations, OKEx

Large investors, apparently, are really increasing their positions on Bitcoin. So, earlier Diar analysts published a report, according to which the number of wallets that store from 1,000 to 10,000 BTC has increased significantly over the past nine months.

Bitifinex to Cooperate With Bitrefill

Exchange's users will be able to purchase products from the Bitrefill catalog with help of Lightning Network
05 December 2019   51

The Bitfinex cryptocurrency exchange has entered into a partnership with the service of replenishing mobile accounts and gift certificates Bitrefill.

Using Lightning Network (LN) technology, Bitfinex users will be able to purchase products from the Bitrefill catalog, which includes more than 2,000 digital gift cards and options for replenishing mobile accounts.

As soon as the user pays for the goods using Bitcoin, Bitfinex and Bitrefill automatically settle through the LN network, which makes transactions cheaper and much faster.

Bitcoin’s use as a means of payment represents an important milestone in the inevitable journey towards mass adoption. This is why the Lightning Network is so important. As an exchange, Bitfinex is at the forefront of developing solutions utilizing this technology.
 

Paolo Ardoino

CTO, Bitfinex

On December 3, Bitfinex integrated payment support through the Lightning Network.