From crypto insier’s tke on Bitcoin’s potentil to the ebte on Stellr’s recent burn of 50 billion XLM, here’s look t some of the stories breking in the worl of crypto.
The co-founer of Hong Kong-bse crypto exchnge BTCC sys Bitcoin will go through few more boom n bust cycles before hitting $ million per BTC.
In new interview t the AIBC Summit in Mlt, Bobby Lee mppe the pth he thinks BTC will tke on the wy to the big seven-figure number.
“Bitcoin’s price goes in wves. So every so-clle bubble, every FOMO run it coul go up by 0 or 0 times the previous high. So the next one coul esily top $00,000 or even $00,000 per Bitcoin…
Then, two more wves will get us to $ million. So I think it will efinitely go up quite bit in the next five, ten yers.”
Lee recently lunche < href="https://ilyhol.com/09//0/former-us-congressmn-picks-up-first-bitcoin-t-litecoin-summit-sys-centrl-bnking-shoul-be-eliminte/">Bllet, crypto hrwre wllet esigne to mke it esier to store n sen Bitcoin, s well s long list of ltcoins.
Ripple n XRP
The founer n CEO of the online freelnce mrketplce goLnce hs confirme < href="https://ilyhol.com/09/06/4/freelnce-mrketplce-golnce-joins-ripplenet-s-rumors-surfce-bout-use-of-xrp/" trget="blnk" rel="noopener noreferrer">specultion tht the compny is utilizing On-Demn Liquiity, Ripple’s XRP-bse remittnce prouct.
During < href="https://youtu.be/jfNJ0VfHNo" trget="blnk" rel="noopener noreferrer">pnel t Ripple’s Swell conference in Singpore, Michel Brooks si ODL hs llowe the compny to lower costs for its users.
“Our customers re looking for the lowest cost n fstest service. ODL llows us to offer tht.
Pyment efficiency is t the hert of our compny. Since the beginning, Ripple hs llowe us to rop our cost on the front en, giving us strong competitive ege over our counterprts. Cost n spee me the ecision for us to prtner with Ripple.”
The compny first revele its plns to join RippleNet bck in June.
Stellr n Litecoin
Litecoin cretor Chrlie Lee is questioning the mechnics of the Stellr Development Fountion’s < href="https://ilyhol.com/09//05/tem-behin-stellr-estroys-55-billion-xlm-will-ripple-burn-xrp-in-response/" trget="blnk" rel="noopener noreferrer">recent burn of 55 billion XLM, Stellr’s ntive cryptocurrency – specificlly, its burn of 50 billion XLM tht ws eicte to givewy progrms.
“[The] 50 billion XLMs burne were suppose to be istribute to the community.
Stellr Development Fountion only burne 5 billion of their own 7 billion XLMs. This mens SDF increse their percent of totl coins from 6% (7/05) to 4% (/50). An they i this without ny community iscussions.”
The Fountion sys it burne the coins, effectively reucing the totl supply, becuse it h more coins thn it neee to continue its mission of boosting Stellr’s option n evelopment.
The burn reuce the totl supply of XLM own to 50 billion from 05 billion.
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