Cryptowinter is Over, - Barry Silbert

Head of Digital Currency Group compared the BTC price to the roller coaster, reminding that it had already fallen more than 80% 4 times and always recovered
13 June 2019   173

The head of Digital Currency Group, Barry Silbert, believes that the cryptocurrency market is subject to cyclicality, and the recent growth of quotes speaks in favor of completing the so-called cryptowinter. He stated this in an interview with Bloomberg Technology.

Silbert compared the bitcoin price movement to the roller coaster, pointing out that it had already fallen more than 80% four times and always recovered to a new maximum. Based on these data, he said that cryptowinter, which began in 2018, came to an end.

At the same time, Silbert added that institutional investors are already actively involved in the cryptocurrency market thanks to regulated custodial solutions, which was not so close in 2017, when the price of Bitcoin reached a historic high of $ 20,000.

Earlier, Silbert claimed that most digital tokens would disappear, since they are not used at all.

In early May, Grayscale Investments, part of the Digital Currency Group, launched the #DropGold campaign and released video ads, urging investors to take a sober look at the advantages of the digital era and recognize that gold as a store of value is now inferior to bitcoin.

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.