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Bitcoin can rise in price to $ 22,000 after the start of the ETF, the Germans criticize the European Union for being slow. Hardfork Ethereum Constantinople will start in January.
The authorities of the Federal Republic of Germany are stepping up efforts to create common rules for the regulation of the cryptocurrency market. This was announced by Felix Hufeld, head of the Federal Financial Supervision Authority (BaFin). According to the official, only in this way can the capital of investors be kept safe.
In addition, he criticized European and German officials for being too slow. In his opinion, the digital asset market is developing very dynamically, and it requires a regulatory framework. In early 2018, Joahim Wumerling, a member of the board of the Central Bank of Germany, expressed a similar opinion.
Now braking the development of cryptocurrency is due to incomprehensible rules of regulation. Institutional investors do not have the opportunity to work with Bitcoin, which significantly limits its growth potential. One of the directors of VanEck, Gabor Gurbacs, said that as soon as Bitcoin-ETF appeared in circulation, the price of the coin could jump to $ 22,000.
Since such an asset will make it possible to invest through the purchase of traditional securities, many billions of dollars will come to cryptocurrency markets. While institutional investors can not assume the risks associated with the work of cryptocurrency exchanges. As soon as the situation changes, the demand for the asset will rise sharply.
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After a not very successful test of the Constantinople hardfork, the Ethereum development team decided to postpone its launch. It was planned that the update will be released in November 2018. However, the October test showed the technical imperfection of the new algorithm.
Initially, Constantinople was faced with a boycott of miners, and then completely divided into three branches. This forced to postpone the implementation of the project. Due to the fact that in this update will be reduced remuneration for the unit, it was very coldly received by the community. However, the Ethereum team decided not to abandon their idea.