Bitcoin Sales Projection Of Cash App To Overtake Supply By 2020

It has been previously reported that Square’s Cash app has posted a remarkable 2019 first quarter profit for Bitcoin sales which is up by 25% on the previous quarter’s record sale.

If this trend continues it could outstrip supply by 2020, as reported by crypto-analyst, Yassine Elmandjra.

Elmandjra extrapolated data at current growth rate to give a projected figures for the next eighteen months and she discovered that should the trend continue after the May’s rewards halving sales will be twice the amount of BTC being mined.

More demand than supply could only mean positive things for the price and this is only considering the BTC sold through Cash app.

The increasing demand on Cash app would probably be mirrored by other platforms pushing demand higher together with the price.

However potential investors into Bitcoin should be reminded that this projections is only true if the current growth rate continues its momentum well into 2020 during the scheduled halving rewards event.

Estonia Challenging Switzerland For Blockchain Leadership

According to a blockchain and artificial intelligence (AI) analytics startup, ORS Cryptohound, the small Baltic state of Estonia is fast becoming the leading blockchain hub, shaping up to be a formidable challenger to Swiss City of Zug widely known as the Crypto Valley.

Estonia is now home to more than 700 blockchain companies with foreign shareholders.

The secret of Estonia’s success is based on four distinct and unique characteristics in doing business in Estonia: businesses can be set up and ran online, 0% taxes on undistributed profits, ease of obtaining a crypto license and advanced anti-money laundering regulations.

The head of Private Financial Services in Estonian emphasized this stating that many entrepreneurs relocated their blockchain businesses to the country due to crypto friendly regulations, very good taxation schemes and the ease of doing business.

The Estonian government has been very bullish on distributed ledger technology which seems to resonate well with its long term initiative of building out an e-government which started during the mid 90’s.

Mahindra Wants To Fight Spam Phone Calls Through The Use Of Blockchain

It has been reported that Tech Mahindra, a major international Indian Tech is planning on launching a spam call solution platform that will leverage the power of blockchain technology.

The solution is in line with the Telecom Regulatory Authority of India’s (TRAI) new regulation to protect mobile phones subscribers from Unsolicited Commercial Communication (UCC) that will take effect later this month.

This new regulation will affect around 800 million subscriber according to Rajesh Dhuddu, Global Practice Leader of Blockchain at Tech Mahindra.

The solution will make use of blockchain technology to save and share a user’s incoming contact settings and will enable the users to filter out unwanted calls.

It was also revealed that Tech Mahindra provided proof of concept for this solution with Microsoft back in 2018 to TRAI.

Bakkt Mother Company Bought Digital Assets During The Crypto Winter

The company behind Bakkt, Intercontinental Exchange Inc. (ICE) has reportedly took advantage of the crypto winter to purchase crypto assets at a discount.

It was later revealed that crypto assets that where purchased during the crypto winter will be used for its institutional cryptocurrency trading platform Bakkt.

According to ICE’s chief executive Jeffrey Sprecher it has been really helpful that the cryptocurrency industry went into what it was widely known as the crypto winter.

Spercher reveals that Bakkt will launch later in 2019 and is currently beefing up its organization by hiring talent and acquiring companies.

He also added that his company have looked at a number of different companies and acquired a company earlier this week that would not have been available to them if the market been really hot.

Bitcoin ATM Provider Helps NYPD To Crack Down Crypto Scams

It has been reported that NYPD and Bitcoin ATM is now working together to stomp out crypto related scams.

It has been revealed that the NYPD are working with Bitcoin ATM operators regarding their electronic scam messaging and text as well as placing NYPD Scam alerts Cards at stores where machines are installed.

According to law enforces scams are typically made over phone calls which seems to be originating from official phone numbers that seem to be impossible for scammers to have access to.

However due to the design of the telephone system and with the use of proper software scammers can easily spoof their phone number making it seem that the phone numbers they are calling from is from an official government agency.

Authorities have advised people just ignore such attempts or even better report them to proper authorities as real law enforcers will never ask for monetary compensation to resolve any ongoing investigations.

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