Here at bitGuru our focus is on providing the most up to date cryptocurrency news. We provide daily updates on the most exciting and important updates in the crypto world. To see full articles check out our cryptocurrency news page. Or check out some of the most important updates below in this cryptocurrency news snapshot.
Cryptocurrency News Today
Apple co-founder Steve Wozniak hopes bitcoin will become the world’s single currency in as little as ten years.
Steve Wozniak, co-founder of Apple, has claimed he hopes that bitcoin will become the worlds single currency within 10 years. In a recent interview with CNBC, Wozniak claimed that bitcoin could slowly increase in value again over time. Stating that “because it’s regulated in its quantity, you get down to supply and demand.”
If bitcoin goes on to be used by more and more companies then it will become more popular, therefore once demand outweighs supply, the price will have to increase. Wozniak stated that he agreed with a statement made back in May, by Jack Dorsey, CEO of Twitter. Dorsey stated that he hopes bitcoin will become a global single currency, and Wozniak agreed with these comments.
Billionaire, Mike Novogratz says Cryptocurrency will become a $20 trillion market
Billionaire, Mike Novogratz, a former Goldman Sachs trader, told Erik Schatzker at the Bloomberg Invest Summit, the cryptocurrency market is moving to the $20 trillion region.
The interview itself was focused primarily on the general cryptocurrency market. Schatzker questioned Novogratz on the criticisms’ surrounding the cryptocurrency markets in relation to their volatility, and the so called bitcoin bubble in December/January.
Novogratz stated that if cryptocurrencies are considered a bubble he would liken it to the initial dot com bubble in 1996, which eventually led to an even greater bubble in 1999.
“[Cryptocurrency] is a global revolution. The internet bubble was only a US thing. It was rich US people participating. [Cryptocurrency] is global. There are kids in Bangladesh buying coins. It is monstrous in Tokyo, in South Korea, in China, in India, and in Russia. We’ve got a global market and a global mania. This will feel like a bubble when we’re at $20 trillion,” said Novogratz.
EOS mainnet launch!!
The EOS mainnet launch has been a much anticipated event over the course of the last year for almost everyone involved in the crypto space.
Today may well be the day for the mainnet launch. Candidates whom are performing the role of “block producers”, whose job is to secure the network and validate transactions, last night voted “Go” for the launch of the mainnnet.
EOS will be a similar project to Ethereum, in that it will allow users to create dApps, initiate smart contract and send and receive transactions. The ICO finished at the end of May. Raising an incredible $4 billion, the most ever raised in an ICO.
Mastercard file for blockchain based patent
Mastercard, one of the worlds largest payment service providers have filed a blockchain payment system to allow faster, and more secure payments for customers. The patent was filed on June, 7th, and was titled “Method And System For Payment Card Verification Via Blockchain”.
Master card explained the current issues with systems currently used and how a blockchain based system would not only improve their system, they would provide more security to users all over the world.
“Thus, there is a need for a technological solution to enable the conveyance of payment credentials to a point of sale device that requires minimal participation by the consumer, while still maintaining a high level of security, particularly against skimming.”
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