The escalation of the China-US trade war and Britain’s exit from the EU Brexit could spur Bitcoin’s price increase. This is the opinion of Nicholas Gregory, CEO of blockchain CommerceBlock.
Some analysts argue that Brexit will stimulate Bitcoin price growth
He argues that economic instability is pushing investors towards using Bitcoin as a safe investment, away from the problems that fiat currencies face. Gregory believes that a Brexit without any agreement with the EU will significantly affect both the pound and the euro. The UK has a deadline of October 31 to officially leave the European Union. So far, British politicians have not been able to reach an agreement on a potential trade agreement.
Meanwhile, this weekend, Bitcoin has dropped slightly and is trading around $ 11,400.
Mastercard acquires Danish company Nets with the intention of implementing payments in real time
Mastercard has acquired Nets, a payment platform in Denmark, for $ 3.19 billion. The US multinational mainly processes bank payments between merchants and card issuers. Nets is an electronic billing platform with instant payment and clearing features.
Former Ripple Cory Johnson’s chief strategist announced on Twitter:
“I know the XRP community is focused on the Libra impact of Facebook, but this agreement with Mastercard could be even more important for the Ripple ecosystem. It is becoming increasingly clear that real-time payments are the next stage of financial systems. ”
So far, Mastercard and Ripple have an indirect connection. An investment from both companies in SendFriend, a start-up dedicated to global payment processing. It is unclear what link Johnson is hinting at in the ad.
Dilip Rao, Ripple’s global head of infrastructure innovation, said there is no connection at this time between Mastercard and Ripple. However, he claims that XRP can provide liquidity for faster payments for Mastercard.
Hester Peirce: Cryptocurrency regulation is a very slow process
SEC Commissioner Hester Peirce, known for his open position towards cryptocurrencies, said in a recent interview that the process of legislation is a very slow one. She urged the crypto community to be patient, claiming that the regulator is currently working on regulating the industry.
In recent months, a number of companies in the crypto space – including Circle – have moved to Bermuda. They moved their business elsewhere due to lack of legislative clarity in the US.
Commissioner Peirce believes that the clear rules will not only prevent the mass exodus from the present, but will bring back to the country companies that have opted to move to other jurisdictions.
“We certainly don’t want people to feel that they have to go abroad to launch crypto projects. I think the clarity in regulation that will draw people back to the US. ”
It invited companies interested in cryptocurrencies to talk to the commission staff about their goals to receive action recommendations. In the past, Peirce has repeatedly asked the community to share their views in order to speed up the rulemaking process.
Elon Musk announces support for pro-Bitcoin candidate Andrew Yang
Andrew Yang is one of the candidates for the US presidency who has proven himself a supporter of cryptocurrencies and new technologies. Recently, Elon Musk, another popular character who believes that “Bitcoin is a fantastic technology,” announced that he is supporting Yang.
Supporting Yang’s candidacy by a visionary like Musk will most likely help increase Bitcoin’s adoption rate.
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