Weekly summary 26.11 – 02.12.2018

Below are a few news stories that we did not write about on the Atlas last week and which in our opinion are important for the market.

Finney, a blockchain smartphone, is now available!

For pre-orders, a phone based on Blockchain technology has just arrived. The operating system of the new Sirin Labs is based on the Android version called ShieldOS. The modifications introduced to this version will allow you to operate an independent chain of blocks based on the TOTA technology of the IOTA foundation. According to announcements from ICO, the company does not rule out that its next product will be a computer built on similar terms to Finney.

The name of the smartphone comes from the name of Harold Thomas Finney, a programmer who was heavily involved in the development of the bitcoin itself and received the first BTC transaction from Satoshi Nakamoto himself.

Sirin Labs is also the manufacturer of the most expensive serial smartphone in the world. Solarin, because that’s its name, is valued at 14,000. dollars. Where is the price from? Like Finney, the product became famous for meeting all safety and privacy standards.

Ex-Prime Minister of Israel criticizes bitcoin

Ehud Barak was the prime minister of Israel in 1999-2001. Today, he is an entrepreneur on the start-up market. During the Sunday conference in Tel-Aviv he spoke about the blockchain and bitcoin:

“Blockchain is a technological and mathematical concept, interesting and important, which will have many applications. Coins – Bitcoin and others – this is the Ponzi scheme. (…) I will not invest in anything related to cryptocurrencies. Anyone who has patience and understands the depth of the blockchain will find many uses, from confidential medical information to contracts. ”

Tom Lee: the golden times for bitcoin

Tom Lee has long claimed that the btc will soon return to growth. Last week, during a conference organized in Singapore, he stated that we lived to … Bitcoin’s “golden times”. He believes that we are now on a “healthy bear market” that will stop the speculative hype and “reset investors’ expectations”. This is to translate into a bull market next year.

BTC will not fall below 3 thousand. USD

This is what Vinny Lingham, CEO of Civic, a company dealing with identity management, thinks. According to him, Bitcoin (BTC) will remain at its current level for several months, but it may also drop to USD 3,000, but not below. Lingham suggested that the bitcoin rate would now be between $ 3,000 and $ 5,000 for at least three to six months.

Lingham, however, conditions his forecast with one thing: “If we do not get out of the (…) bear market cycle in the next three to six months, this level of $ 3,000 may fall.”

Is it worth buying cryptocurrencies now? In his opinion, “it is too risky”.

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