Paolo Ardoino, CTO of Bitfinex and Tether, has been recently speaking about their plans for 2020. Paolo has been a developer throughout.
Bitfinex has implemented regulations for listing their tokens. The rules ensure that tokens are appropriate for listing. The regulations currently implemented are expected to pay off in the long run. The exchange is also working on new ways to post withdrawals from Bitfinex. Paolo stated that this method would come to live in the forthcoming week, probably the first week of 2020.
On the other hand, different legal teams in various jurisdictions are working to recover the frozen assets related to the issues with Crypto Capital. The Bitfinex team is well aware of the long battle lies ahead, and they are determined to fight it, and they are committed to fighting the legal action.
When talking about the all-time high for BTC, he felt that it was reasonable to expect a price hike of Bitcoin. Though he did not give any prediction, he stated, “I don’t see any reason for Bitcoin not hitting $100,000 within the next few years.”
Prediction markets a project from Bitfinex is set to be an exciting project for Q1 2020. Bitfinex customers will be able to bet upon sporting and political events. The CTO further stated that these products would be best suited for institutional investors and traditional financial traders. The options markets are likely to be delivered between Q1 2020 and Q2 2020. Prediction markets are the main project for the current year, and the exchange will experiment with newer concepts and projects.
Dazaar is a blockchain project which permits creating data streams. It is a super scalable data stream network. By making use of this project, people will be able to send real-time data streams expeditiously. Support for agnostic micropayments is a plus. The project will be open source and is to provide support for several additional cryptocurrencies.
In the past week alone, about 50M USDT (Tether) has been issued. Then, despite all criticism, Tether continues to be the most traded currency in the market. Tether has been consistently having higher trading volumes. For all practical reasons, the minting of Tether is not going to slow down in 2020.
The fourth-largest market valuation is to Stable Coin Tether (USDT), and it is capturing two-thirds of every crypto trade during Sundays.
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