→ South Korea to Invest $230M in Blockchain Technology DevelopmentSouth Korea revealed a Blockchain Technology Development Strategy on June 21st earmarking a total of 230 billion Won toward its development. → Crowdfunding Token Sales, the New ICO?The EU is to raise the crowdfunding exemption from accredited investors rules to €8 million ($9.35 million) from the current €5 million. → Robinhood Aims to Disrupt Further by Launching a Cryptocurrency WalletRobinhood is working on a crypto wallet. This would allow their customers to move their crypto from other wallets and brokerages into the platform without having to sell them first. Daily Performances General Comments: As Bitcoin bounced back after crashing below USD6,000 at the end of the previous week, some crypto bulls come out with optimistic views. Crypto bulls struggle to calm down speculative panic on the market by reminding traders and investors that Bitcoin has a history of deep corrections and even downside trends, but in the longer-term perspective it is still a viable investment and revolutionary concept. Weekly Top 5 Price comparison - BTC . - ETH . - XRP . - BCH . - EOS Technical Analysis -BTC BTC is changing hands at USD6,246, off Monday's high reached at USD6,300, but still in the green zone on daily basis. Once USD6,300 handle is cleared, the ultimate resistance of USD6,400 with come into focus. A sustainable break higher is vital for extended recovery. https://preview.redd.it/408dqus6zb611.png?width=1344&format=png&auto=webp&s=7300a6bab7069a47dbd4557514a28df757716159 -------------------------------------------------------------
“We’d like the bubble to break. We still see a lot of hype in the market, valuations are high and unreasonable. We really think if the bubble bursts, it’s a good thing for the industry.”
Additionally, Zhang said that she is helping Binance to deal with the scams that have emerged as a result of the hype, with so-called Cryptocurrency Governance Initiatives, or CGI. The purpose of the initiative is to “fight scams and sh*t coins, and to boost crypto and blockchain technology.” Within the initiative, Binance will reportedly support funds and token teams it’s working with, but they must promise that “they won’t participate in pump and dump” schemes, and that they will build products according to their white papers. Binance will stop investing in funds and delist tokens from teams that do not honor their commitments. Over the next three to five years, Binance Labs plans to invest $1 bln of Binance profits in various projects, with an average investment per project between $1 mln and $10 mln. There are 20 different cryptocurrency funds with whom Binance plans to collaborate as part of the new venture capital fund. All the projects involved will be obligated to join CGI. The fund has reportedly made four investments in both companies’ tokens and equity so far. Zhang, who was previously an investment director at venture firm Kleiner Perkins Caufield & Byers, believes there can be a conflict between investing in tokens and equity, as they are valued differently. She said:
“If we see founders contribute to both sides, we’ll hold both sides. Sometime it’s hard to see which one is more valuable, but our position is to support the founders and create value for the project as a whole.”
Ella Zhang is not the first expert to predict a bubble burst. In April, Nobel Prize laureate for economics Robert Shiller pointed out that while Bitcoin might be a bubble, that doesn’t mean that it will burst and be gone forever. According to Shiller, there is a part of the cryptocurrency “bubble” that is political, as people who don’t trust their governments may be tempted to invest. Source
Robert Shiller. shared his theory on why it resembles a bubble. Shiller, who won the Nobel Prize in Economics for his work on bubbles, told CNBC's " Yale economics professor and Nobel Laureate Robert Shiller has admitted in an interview with CNBC Thursday, Jan. 18., that he now “doesn’t know what to make of Bitcoin ultimately” after earlier calling it “the best example of a bubble”. In fresh comments Thursday, several months after he told host Brian Kelly it was Bitcoin’s “story” not its value that had sparked public ... Yale economics professor and co-founder of the Case-Shiller index, Robert Shiller in an interview with CNBC, said that while the bitcoin bubble will burst, it doesn’t mean that it will “burst forever” or disappear.. In fact, he said, the cryptocurrency could be around for a while. Lovely Bubbly. Schiller has been calling out bitcoin as a bubble for a long time now, describing it as “an amazing example” back in January 2014.And he has form, having predicted the housing bubble back in 2003, years before it finally blew up.. He states that one of the aspects which can create a bubble is the excitement around it. Nobel Prize-winning economist Robert Shiller has claimed that cryptocurrencies are just money reinvented and once all the hype wears off, the speculative bubble will burst. Shiller is well-known for the warnings he issued prior to the 1995 dot-com crash, and the 2008 financial crash caused by... In a CNBC interview in December, 2017 Economist Robert Shiller identified what he thinks to be a bitcoin price bubble and advised caution, suggesting that it would be acceptable to ‘play’ with crypto without putting all of one’s portfolio into it. In the same interview however, Demirors opined that what was happening was not a bubble but a genuine market movement driven by fundamentals ... Bitcoin reached a record high of $5862 on last Friday. The total value of Bitcoin in circulation, i.e. its market capitalization has been estimated to be somewhere around $94 Billion at the time of publishing this article. “I think gold is a bubble, but it’s always been a bubble,” stated Schiller. Bitcoin is a Social Movement says, Nobel Economist Mr. Robert Shiller. The Nobel Prize winner Economist, Mr. Robert Shiller who has called bitcoin a bubble, has noticed that bitcoin is a social movement and its popularity in the U.S. differs based on geography as per Bloomberg. He called it a non-rational response to new information. Robert Shiller Insists: Bitcoin Bubble May Stay for a While. By admin News 0 Comments. Nobel Prize laureate Robert Shiller agrees with the statements that bitcoin may be a bubble. Though, he believes as well, that there are reasons to believe, that this bubble may be around for a while. Moreover, it doesn’t mean that the bitcoin may burst and vanish forever. Shiller explains the bitcoin ... Laureat Nobla, ekonomista Robert Shiller twierdzi, że Bitcoin ‚Bubble’ może trwać „przez jakiś czas” Aktualności , Breaking , Wywiady brak komentarzy Laureat Nagrody Nobla w dziedzinie ekonomii, Robert Shiller, uważa, że chociaż Bitcoin (BTC) może być bańką, nie oznacza to, że pęknie i zniknie na zawsze, wynika z wywiadu z 13 kwietnia w CNN Trading Nation ( link ).
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