Paolo Ardoino, CTO of Bitfinex and Tether, has been recently speaking about their plans for 2020. Paolo has been a developer throughout.
Bitfinex has implementedregulations for listing their tokens. The rules ensure that tokens are appropriate for listing. The regulations currently implemented areexpected to pay off in the long run. Theexchange is also working on new ways to post withdrawals from Bitfinex. Paolostated that this method would come to live in the forthcoming week, probablythe first week of 2020.
On the other hand, differentlegal teams in various jurisdictions are working to recover the frozen assetsrelated to the issues with Crypto Capital. The Bitfinex team is well aware of the long battle lies ahead, and theyare determined to fight it, and they are committed to fighting the legalaction.
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 fromBitfinex is set to be an exciting project for Q1 2020. Bitfinex customers will be able to bet uponsporting and political events. The CTO further stated that these products wouldbe best suited for institutional investors and traditional financialtraders. The options markets are likelyto be delivered between Q1 2020 and Q2 2020. Prediction markets are the mainproject for the current year, and the exchange will experiment with newerconcepts and projects.
Dazaar is a blockchain project whichpermits creating data streams. It is a superscalable data stream network. By making use of this project, people will beable to send real-time data streams expeditiously. Support for agnosticmicropayments is a plus. The project will be open source and is to providesupport for several additional cryptocurrencies.
In the past week alone, about 50MUSDT (Tether) has been issued. Then, despite all criticism, Tether continues tobe the most traded currency in the market. Tether has been consistently havinghigher trading volumes. For all practical reasons, the minting of Tether is notgoing to slow down in 2020.
The fourth-largest marketvaluation is to Stable Coin Tether (USDT), and it is capturing two-thirds ofevery crypto trade during Sundays.
Please share by clicking this button!
Visit our site and see all other available articles!