‘It’s time to buy Bitcoin’ according to Wall Street, Binance reaches web traffic records and new Smart Contracts programming language
Wall Street trader George Ball agrees: “It’s time to buy Bitcoin”
George Ball says Bitcoin or other cryptocurrencies could soon become sought after as a safe-haven asset. He told Fred Katayama why he thinks many wealthy investors or traders will consider buying them after Labor Day.
Ball has been active in the world of Wall Street for years. First as CEO of Prudential Securities and currently as a board member of the financial services company Sanders Morris Harris.
He also shared that his vision about Bitcoin has changed. Initially he was against the idea of bitcoin, but with the current interventions of the American government and the central bank in the (world) economy, he draws a different conclusion.
Binance system traffic has surpassed its 2017 highs
The bullrun has started. Or at least it has at crypto exchange Binance. According to the CEO ‘CZ’, the platform’s system traffic now exceeds the numbers seen during December 2017.
At that time in 2017, they had to close the doors for new registrations due to the huge inflow of new investors.
Although it remains unclear how many new investors are entering the crypto market, the market participation rates amongst current investors are the highest that they have ever been.
Last month, Binance reached the amount of 25 million visitors, which makes them the biggest exchange in the industry (looking at web traffic). They beat runner-up Coinbase (22,5 million) and number three BitMEX (6,9 million).
Source: The Block
Smart contracts on Bitcoin becomes easier with new coding language
Where Ethereum is known as the ‘smart contract supercomputer’, it’s also possible to create smart contracts on Bitcoin. These contracts can allow users to set extra rules on their Bitcoin, requiring these rules to be met before the funds can be unlocked.
Writing these contracts had been difficult and not very convenient. Until now!
Bitcoin developer Nadav Ivgi created a new programming language, called Minsc. It makes it easier for developers to create these kinds of contracts so they can build them into bitcoin wallets and other apps more smoothly.
Minsc stands for an easier implementation of Miniscript, which is based on Script, the ‘native’ smart contract language in Bitcoin. One of the goals of Minsc is to make smart contracts “more accessible to more people”
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