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This week of crypto currency

This week in Cryptocurrency [Image: Bitcoin-book-1024x684.jpg]
Crypto has had a big week, a number of big names in the finance space have weighed in on the viability of cryptocurrency and there have been a number of big regulatory shifts surrounding ICOs, while Europe is positioning itself to become the global cryptocurrency leader.
If you’re in a rush the Born2Invest business news mobile app helps readers digest the crypto news summaries in small digestible chunks, helping them be up to date with the newest information in this field. Our team of experts puts the most important cryptocurrencies news at your fingertips.
Opinions abound
Binance founder Changpeng Zhao said that President Xi Jinping’s approval of blockchain would have a positive impact on the global cryptographic industry. According to Tom Lee of Fundstrat, Bitcoin will go through the same stages of development as technology companies from Silicon Valley and the Creator of Ethereum, Vitalik Buterin, believes that the shift from transaction fees, once block fees stop being issued, will create a number of significant security and verification problems for blockchains that utilize Proof-of-Work (PoW).
Joseph Lubin, founder of the Consensys startup, expressed his hope that the Chinese digital currency will interact with many blockchains, including the ethereum. While Mark Yusko, CEO of the Morgan Creek Foundation, believes that it is time to resume buying Bitcoins now. He stressed that investors should give up Amazon shares and increase capital investments in the first cryptocurrency.
John Macafee made a statement that cryptocurrency companies are not obliged to supervise everything that happens in the cryptographic industry. According to him, the fight against criminals should not fall within the remit of cryptocurrency companies.
The creator of the C++ programming language, Bjørn Straustrup, complained that his brainchild plays a key role in the functioning of Bitcoin. Speaking in Lex Freedman’s podcast, Straustrup said that mining uses too much energy and that Bitcoin serves criminals. This opinion appears to be shared by the former U.S. Federal Reserve Chairman Alan Greenspan, it makes no sense for central banks to issue their own digital currency.
In contrast Bobby Li, co-founder of the Chinese cryptocurrency exchange BTCC believes Bitcoin will be able to grow in price up to $1 million, and the market capitalization of the first cryptocurrency will reach $8 trillion.