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   178

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.

Lightning Network Wallet by Breez to be Out For iOs

Solution is based on the lightweight client called Neutrino and it wallet supports Submarine Swaps technology
18 June 2019   211

The Breez payment platform introduced a non-custodial wallet for iPhone that supports the Lightning Network protocol.

The basis of the new product is a lightweight client Neutrino. It is also known that the wallet supports Submarine Swaps technology, which makes it possible to conduct transactions between online addresses and the Lightning Network.

The company's blog says that immediately after installation, the application automatically connects the channel to the so-called Breez hub connected to other Lightning nodes, which allows the user to conduct transactions with any participants in the second-level network. In addition, according to the founder of the company, Ron Scheinfeld, the possibility of a refund is provided in the event of challenging purchases.

In a Lightning economy, people trade money for goods and services. Intermediaries — banks, credit cards, online payment processors, and custodians of any kind — are obsolete. All that remains are the people, trading with each other anywhere, anytime, free to do what each of them thinks is best with their own money. Scale is no longer a concern. Transactions are virtually instantaneous and practically free. The people are free too. Finally.

Roy Sheinfeld
Co-Founder and CEO, Breez

The company also noted that within only two months after the release of the version for Android, Breez benefited from "hundreds of users." Currently, the wallet is in beta.

On the eve of the release of the iOS application, the startup managed to attract $ 500,000 from Recruit Strategic Partners and Fulgur Ventures. The funds will be used to develop an application for merchants, allowing them to accept Lightning-payments.