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"This analysis is an adaptation from the work of Mati Greenspan, Senior market analyst at eToro
Key points
- The economist says that Russia could get rid of the US dollar for Bitcoin
- Kodak tests his KodakCoin
- The markets consolidate while Bitcoin hovers around 4000 USD
Russia may abandon the USD for Bitcoin, says economist Vladislav Ginko
A news came from the Russian Federation that, when declared official, could peak the Bitcoin. A Russian economist named Vladislav Ginko believes that Russia could soon abandon the USD and adopt Bitcoin. Unfortunately, this is not an official declaration of the Russian Federation, but of an economist named Vladislav Ginko, who is part of a group of state experts.
What comes from Professor Ginko and other members of the Russian government, it seems that there are several possible paths to implement them. Obviously, given the current regulatory and infrastructural environment in Russia, it is slightly difficult to do it right away, but things could change gradually.
The most probable step here seems that Russia will need to set up a brokerage service, possibly introducing a new crypto-currency through an already consolidated financial institution. Although it is not new that Russia and some other countries are very interested in de-dollarization, one can only speculate how close these countries are to replacing them with bitcoins.
KodakCoin could soon become a reality
Exactly one year ago, photography giant Kodak announced that it will launch an ICO with its "KodakCoin" token, designed to track ownership of images on the Internet.
Of course, at the moment there were a lot of startups who collected a lot of capital announcing new coins, so the market was a bit skeptical about this, and so it soon went off the radar. But exactly a year later, it's a nice surprise. A certain section of the blockchain media reported the success of the Kodak beta test.
Apparently, it is also believed that Kodak was able to generate over $ 1 million in license applications. While the entry of Kodak into blockchain and crypto is a piece of great news, it also provides an example of how an old-world society subjected to a deep financial burden has managed to take a huge step forward with it. blockchain innovation and, hopefully, will change the world for the better.
The markets consolidate while Bitcoin hovers around 4000 USD
The cryptographic markets are consolidating the gains at the moment and it seems that once again prices have stabilized. Bitcoin is stable at $ 4020 (print time). One thing to note here is that, according to data available on Tradingview.com, it appears that there is a short sales volume on the Bitfinex encrypted platform. Therefore, some short circuits may occur and may increase the pressure on Bitcoin.
Summary
Item name
Expert opinion: Russia could get rid of the US dollar for Bitcoin, Kodak Beta will test its currency as markets consolidate
Description
– The economist says that Russia could get rid of the US dollar for Bitcoin
– Kodak tests his KodakCoin
– Market consolidation while Bitcoin hovers around 4000 USD
Author
Mati Greenspan
Publisher name
Coingape
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