BTC May Hit New Bottom in 2018, Bloomberg Says

Mike McGlone, Bloomberg analyst predicts that in 2019 the cryptocurrency will fall to even lower levels
20 December 2018   612

Despite the fact that this year Bitcoin is likely to have passed its lowest point, next year the first cryptocurrency may fall to even lower levels. This opinion was expressed by analyst of Bloomberg Intelligence Mike McGlone.

Bitcoin rises in price already the fifth trading session in a row, and earlier today for a short time, it rose in price above $ 4,000. The growth of cryptocurrency for several days was observed this year and earlier - the last time this happened in September, after which the price went down again.

However, according to the publication, now the situation may be different and at least for 2018 the bottom for Bitcoin is left behind. Mike McGlone agrees with this assumption.

Nevertheless, Mike McGlone predicts that in 2019 the cryptocurrency will fall to even lower levels.

During the year, the former IMF economist and now manager of the family office in Southern California, Mark Dow, shortened Bitcoin, making a double profit on it. As the Dow then explained, the Bitcoin rate rose last year due to the high interest of random people who do not understand the cryptocurrency devices, and that it will not be able to stay long at such heights.

In fairness it should be noted that Dow did not specify whether this decision was made on the basis of faith in the resumption of Bitcoin growth.

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.