The Enterprise Ethereum Alliance (EEA) is looking to bring about new ways in which the Ethereum blockchain can be utilized for private businesses.
Can Ethereum-Based Businesses Work Together?
One of the main issues encountered in the Ethereum space is that while several businesses and platforms utilize Ethereum technology, very few of them can communicate with each other. Paul DiMarzio – director of community for the EEA – commented that while many enterprises have sought out Ethereum’s capabilities in developing their platforms and services, it’s easy to miss certain factors that prevent companies from engaging in full interoperability.
Early on in technology families, people do often make assumptions of interoperability, but when you put these pieces together in an app, they don’t work.
The EEA is looking to change this through the launch of what’s slated to be a “middle ground” product known as White Block Genesis. This platform will test new Ethereum-based applications to ensure they are working on the same levels and nodes, thereby allowing communication to occur in the future.
We are providing a place where clients can start to get their feet wet in a testing environment and then, towards the end of the year, will provide the actual ability to certify against those specifications. Then, we can stamp things as being EEA certified and branded and have the guarantee of interoperability as opposed to an assumption.
With new standards in place, every new application can work on the same level. Zak Cole, the CEO of White Block, will assume a new role as the chair of the EEA Testing and Certification Working Group. He said so long as businesses seek the abilities and technology of Ethereum, testing will remain constant, and the organization can remain in place:
Even if we have some tech specs finalized, people are going to want to be able to experiment within a low-risk environment.
The certification program is also being designed to alleviate some of the heavy rivalry that allegedly exists between specific Ethereum-based platforms. Two warring platforms potentially include JPMorgan’s Quorum and Hyperledger Besu. Dan Heyman – head of PegaSys – explained what some of that rivalry is about:
Some scenarios include public transactions, private transactions, permissions, block validation and the IBFT consensus mechanism. An EEA certification program is being talked about for potentially the end of 2020.
Trying to Get Everything in Place
DiMarzio also explained that the EEA is now working with the Ethereum Foundation to ensure that the protocol it’s seeking to implement meets the present standards of the Ethereum 2.0 public blockchain:
The EEA test net is intended for members to run applications that follow current EEA specifications. PoW and PoS are consensus algorithms, and the current EEA client spec does not dictate what specific consensus algorithm must be used.
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Peter Schiff – a longtime bitcoin skeptic – claims that his digital wallet was somehow compromised; that his password is no longer valid, and all his cryptocurrency funds are frozen.
Peter Schiff – All My BTC Is Gone!
It’s strange that Schiff owns any bitcoin at all. The man has long claimed that bitcoin is useless, even more useless than marijuana in a recent interview. He previously stated:
You can smoke pot and get high. You can’t do anything with bitcoin.
The man has long been a hardcore proponent of gold, but believes digital currency won’t amount to anything… If that’s true, then why did he even hold a wallet containing bitcoin? Could it be that his longtime anti-crypto attitude is a farce or a method of hiding his true feelings? If so, why?
Schiff took to Twitter to explain his frustration. He writes:
I just lost all the bitcoin I have ever owned. My wallet got corrupted somehow and my password is no longer valid… My plan was to HODL and go down with the ship anyway. The difference is that my ship sank before bitcoin.
It appears the bitcoins in question were gifted to Schiff – that he wasn’t the one purchasing the digital asset, and thus the loss isn’t likely to be huge (or so he claims). Still, that’s money down the drain that he likely can’t access anytime soon.
Despite newfound attempts to revamp cybersecurity, it appears crypto fraud and scam behavior are still running rampant throughout the digital asset space. One of the more recent cases involves the Agarata hard fork that took place on the Ethereum Classic blockchain. The fork resulted in a software update – nothing more, and no new coins came about.
However, several malicious actors are still looking to target crypto traders on Twitter and other social media platforms, telling them of the new “Agharta coins” that are compatible with the ETC network, and thus they should stock up now while they can. The purpose of the scam is to get unsuspecting traders to purchase these new coins – coins that do not exist.
Heads of Ethereum Classic have already emerged to warn people of the ongoing scam.
Not Everyone Likes Bitcoin
If it makes Schiff feel any better, he’s not the only mega-named bitcoin hater in the space. Others include Warren Buffett, the CEO of Berkshire Hathaway. Buffett has often referred to bitcoin as a fraud or an investment that “just sits there.” In a recent interview with CNBC, Buffett compared bitcoin with a button on his shirt and said that the value of the currency is based on whoever’s willing to pay a higher price for it.
Even U.S. President Donald Trump has come out to state that he’s not a big fan of bitcoin, claiming its status is based on “thin air.”
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The latest form of crypto-friendly tax reform is coming into play. Last Thursday, a new bill known as the Virtual Currency Tax Fairness Act was introduced and seeks to limit some of the capital gains taxes for those who utilize cryptocurrency to pay for everyday goods and services.
A New Crypto Tax Bill That Serves Consumers
This could ultimately serve the crypto industry quite well. One of the big things that’s getting in the way of cryptocurrencies turning mainstream is that they are not being used for what they were originally designed for. Initially, bitcoin and its altcoin counterparts came about as a form of fiat that people could use if they weren’t able to get their hands on traditional financial tools.
One of the big problems that many people face in modern society is that standard financial institutions and banks do not always grant people access to the products they’ll need to survive. For example, a bank can quickly turn someone down for a checking or savings account if their credit is less than stellar or if they have failed to make timely payments in the past.
In addition, banks can also reject one’s application for a new credit or debit card for these same reasons. Credit cards are often used today to make purchases – more so than cash – and a lack of accessible credit can easily damage one’s ability to remain afloat.
Cryptocurrencies, on the other hand, do not check one’s credit or financial history. Anyone who’s anyone can easily open a digital wallet and begin trading with ease. Unfortunately, several stores and outlets do not allow such currencies to be used to pay for goods given their volatility, which in many ways, is understandable.
If you travel to a store and buy $50 of merchandise, and then you pay for that merchandise with bitcoin, the currency could ultimately go down the next day. While you’ll still walk away with $50 in items, the store has missed out on its full revenue. Thus, many businesses have been reluctant to accept digital currencies as means of payment.
While the bill in question may not do much for crypto from a business sense, it could do wonders for people looking to spend crypto like they would traditional fiat. The bill – should it pass into law – would see all transactions with gains over $200 exempt from potential taxation. Thus, people could make big purchases with cryptocurrency and step away without having to pay any additional fees.
Could It Happen This Year?
The bill was introduced by several Democrat and Republican members of the House of Representatives. They are looking to have the bill implemented for the fiscal year of 2020.
At the time of writing, bitcoin has fallen slightly from its near $8,900 high late last week and is now trading for approximately $8,600.
The post New Crypto Tax Bill Seeks to Help Everyday Consumers appeared first on Live Bitcoin News.
Coinspeaker Largest Ethereum 2.0 Testnet Gets More Than 22,000 ValidatorsAs the Ethereum community anticipates Ethereum 2.0, a public testnet has already recorded impressive participation. The testnet has already pulled in more than 22,000 validators.Ethereum 2.0 Testnet from Prysmatic LabsThe test in question is the one from Prysmatic Labs, a team of software engineers basically working on the future of Ethereum. It launched its testnet on Thursday, September 9 and quickly dwarfed all other single-client tests within a week.By Thursday last week, former Google software engineer and Prysmatic Labs developer Preston Van Loon, announced the development. Just saw nearly 100% participation from over 22k active validators on the worlds first boneless ETH2 testnet. https://t.co/TFw3MBBOhc— prestonvanloon.eth (@preston_vanloon) January 17, 2020This is the largest testnet among all the others currently available. A report from TrustNodes further quotes van Loon giving more information about the validators.“These are validating keys. It’s probably between 5 to 10 individual operators. Maybe more, but it’s hard to tell who controls keys and who’s just an observer.”More on the TestnetAlready, Prysmatic Labs is somewhat boastful about its testnet. To prove this, the firm has invited hackers who feel they have what it takes, to try to breach the testnet. The eventual move into Ethereum 2.0 would require tests like as the integrity of the network has to be confirmed.The number of participants is notably quite low. While the real move into ETH 2.0 might still be a while, the low number might be important. It could mean, on some level, that people are not very excited about the switch. It’s important, however, to note that this is still the very early stage. Some time from now, there’s still a very good chance that perception could change.Staking on Ethereum 2.0Ethereum 2.0 will see a complete shift from the proof-of-work (PoW) consensus mechanism currently being used to proof-of-stake (PoS). A report from Bitcoinist suggests that if the network moves to a new staking model, nearly 10 million ETH will eventually be locked up. Estimates from Ethereum founder Vitalik Buterin were used to calculate the 10 million figure.Furthermore, annualized interest rates might also hit 6% in direct response to a rise in annualized inflation. The report also states that staking rewards will not be fixed, and will increase or reduce based on the ETH volume staked. Doing this should help keep the network from being under unnecessary pressure by whales.There is a slight possibility that Ethereum 2.0 will be launched at the end of July 2020.Muir Glacier UpgradeEarlier this month, the Ethereum network successfully completed its second hard fork – called Muir Glacier – within thirty days. Problems noticed surrounding the network’s difficulty bomb created a need for the hard fork.The Muir Glacier happened at 8:30 UTC at block 9,200,000 on January 2. At execution, the difficulty block was postponed by four million blocks.Largest Ethereum 2.0 Testnet Gets More Than 22,000 Validators
Coinspeaker If Tesla Has Same Success with First Factory in Europe as in China, Will Its Stock Rise?Tesla is ready to break new grounds in Europe, with its soon-to-be-built gigafactory in Germany. The company, led by Elon Musk, is popular for setting surprising goals for itself. Most of the time, these declarations by Musk are written off as pipedreams as people point out that they are a little too lofty. However, the company’s success in China is worth considering whenever there is doubt about its capabilities. The question now is, will Tesla be able to replicate that success in Germany and how will stocks react?Tesla in GermanyIn November 2019, Elon Musk announced the company’s plans to erect its first European gigafactory in Germany, near Berlin. By December, Tesla reached an agreement with the Brandenburg state government, on the terms of a contract for land in Gruenheide. The large expanse is said to be 300 hectares (741 acres) and is roughly the size of 200 football fields put together.Supposedly, Tesla had it easy with the government in the state as they were a little too eager to grant the company permission for erection. After losing out to Leipzig on a BMW factory many years ago, Gruenheide welcomed Tesla with open arms. Speaking on the development, Mayor Arne Christiani says with Tesla comes a fresh opportunity for growth in the area.“The investment is a unique opportunity. It gives young people with a good education or a university degree the possibility to stay in our region – an option that didn’t exist in past years.”However, Tesla is facing a few issues.Pre-Erection Problems for Tesla in GermanyAlready, people have started to sweep the area for possible unused bombs buried beneath the ground since the Second World War. Because of the size of the land, carrying out a thorough sweep will take some time. Germany has agreed to solely handle the removal of explosives. However, Tesla’s time table says that the sweep must be completed latest by the end of February.There’s also the problem of wildlife. Firstly, the area currently has colonies of bats that are currently hibernating in trees on the same land. The creatures are expected to hibernate until February or March. However, Tesla has to find a way to relocate the bats or forfeit its timeline.In addition to bats, the company also has to remove snakes and wolves completely, before erection.TSLA 2021The speed with which Tesla completed the China factory shocked the world. Within a year, Tesla began and completed its factory and has already started delivering made-in-China Model 3 vehicles. In the past three months, Tesla (TSLA) stock has more than doubled.Since last year, many market analysts, including skeptics, have become quite bullish on TSLA as the company’s books have increased dramatically. Since stocks also skyrocketed on account of the China factory, the gigafactory in Germany should also do well for TSLA.If Tesla Has Same Success with First Factory in Europe as in China, Will Its Stock Rise?
Coinspeaker WEF 2020: Attendees Want to Get Investment but Don’t Know Where to Put MoneyThe World Economic Forum (WEF) 2020 is currently taking place in Davos, Switzerland. The WEF is a meeting of some of the most powerful people in the world, as they discuss the global economy and other related issues. As it turns out, according to British investment exec, the major problem among WEF participants in Davos is deciding the best investment channel for their hefty funds.WEF Attendees Are Keen on Investment but Don’t Know What to DoSpeaking to CNBC’s Steve Sedgwick on Monday, the vice-chairman of British investment company Standard Life Aberdeen Martin Gilbert made a few points. According to him, many of the heavyweight investors currently believe that the general state of the market looks stable enough and want to buy in. Where exactly to buy in, is the big issue. Gilbert said:“The biggest problem that the people I meet here have – the investors who give money to us – is ‘where do we put our money?’ And that is the big issue they all have.”Slow Investment GrowthConcerning investment, the global economy has been somewhat slow. For bond yields, there has been a considerable drop giving the general market a tainted look. There is also the thought among many, that in the equities markets, we are already past the biggest profits that can be made.Piling on the bad news are figures from the International Monetary Fund (IMF). In October 2019, the IMF put the global growth rate for 2019 at 3% and that of 2020 at 3.4%. Now, the Fund has retraced its steps a little bit, putting 2019’s figure at 3% and 2020’s at 3.3%. Reportedly, one of the major reasons for this revision is the poor growth of the Indian market.In a statement, IMF Chief Economist Gita Gopinath said that it is still too early to predict what growth in the near future will be like. She noted:“The projected recovery for global growth remains uncertain. It continues to rely on recoveries in stressed and underperforming emerging market economies, as growth in advanced economies stabilizes at close to current levels.”Gopinath, however, notes that even with this uncertainty, there is some respite. One of those is Phase 1 of the trade deal between the U.S. and China.Market Is “Reasonable”Gilbert says that to him, the markets currently look reasonable. It’s safe to assume that investors agree and are willing to continue investments, despite the slow investment growth as described above. Gilbert believes that investment channels such as stocks, property and high-yield credit are all good at the moment. He, however, expressed that he is “slightly worried about” government bonds.The exec added that for now, the investors are looking away from public channels and are focusing on private markets. The heavyweights are channelling the big bucks into big investments like real estate and airports.WEF 2020: Attendees Want to Get Investment but Don’t Know Where to Put Money
Coinspeaker Tesla Stock: Will It Go Down due to Company’s Arrogance?Last week we were witnessing of a sudden “fallout” of one of the biggest carmakers in the world – Tesla. An American division received a driver’s complaint that his Tesla suddenly accelerated on its own. And probably it will be not very sensible to suppose that such an event won’t have any influence on Tesla stock. However, we should admit that in recent months it has been on the rise.An independent investor, Brian Sparks, abided a sue to the National Highway Traffic Safety Administration and its Office of Defects Investigations asking them to look into the drivers’ claims.127 Complaints SubmittedThe sue consisted of 127 complaints mostly submitted to the government by Tesla owners. Some were submitted by the others filing on the behalf of the owners. All of these complaints, when itemized, depose that inadvertent acceleration of Tesla cars may have subsidized to or caused 110 crashes and 52 injuries.Sparks also mentioned that he directed the most important investigations and abided the petition. CNBC reported that Sparks is “currently shorting Tesla stock, but has hedged his bets and been long shares of Tesla in the past.”The thing that happened was that Terry was driving a new 2019 Tesla Model 3 back in the summer of 2019. And while everything was nice and dandy until then, the vehicle’s systems suddenly apparently failed and the car immediately accelerated. She somehow managed to take control of the car, but was, as you would expect, shaken by the incident.She said she immediately contacted the company and asked for an urgent service assignment. However, from the company they told her to wait for several weeks. Just after the one week, Terry was waiting to have the car gauged and the same thing happened again.Terry decided this wasn’t nor time nor place to be joking with her own life because this time a “sudden unintended acceleration (SUA)” led to a four-car crash that injured two people. In her driver complaint to NHTSA in July 2019, Terry also said that some airbags in her vehicle failed to react.Tesla Not RespondingAnd even though Terry asked for data and a resolution from Tesla, the company still has not provided any diagnosis about the case.Sparks commented:“I briefly looked on the NHTSA website to see if other Tesla drivers experienced the same. I didn’t expect to see such a large number of [sudden unintended acceleration] complaints, most with similar fact patterns. That’s when I decided to dig in.”On the other hand, NHTSA responded and noted that the range of these accusations are pretty much shallow and could be talking about 500,000 Tesla cars including Model 3, Model S and Model X sedans and SUVs, all made from 2013 through 2019.Once it estimates the capacity of this petition, NHTSA, the company that has the possibility to authorize car recalls, or recalls of components and other vehicle technology, will decide if it should begin an official probe. If it not to chooses not to begin a probe, it will be needed to explain the reasons. It will be also needed to do an entry on a federal registry.Ajit Alkondon is named as the NHTSA investigator assigned to evaluate the petition. The Department of Transportation (and NHTSA) was always charged in the past for receiving receives numerous accusations about conceivable accidental acceleration incidents in a huge number of vehicles.Tesla cars are made up on the new technologies, as is for example the company’s signature advanced driver assistance system, Autopilot, and “Ludicrous mode” acceleration, that enables drivers of some Model 3 variants to go from 0 to 60 mph in less than 4 seconds.Be it as it may, Tesla was forced to make a statement on Monday saying it has checked on the data on all incidents in which data is available, but did not provide details on such data.They wrote:“This petition is completely false and was brought by a Tesla short-seller. We investigate every single incident where the driver alleges to us that their vehicle accelerated contrary to their input, and in every case where we had the vehicle’s data, we confirmed that the car operated as designed.”At the time of writing the stock was down 0.32% in the premarket trading, selling for $508,85.Tesla Stock: Will It Go Down due to Company’s Arrogance?
Coinspeaker XRP Price Drops 11% Despite Advancing about 45% as It Toggles for More BearsXRP price fell about 11 percent after registering surface achievements in the last 30 days.XRP set an intraday low of $0.224 on Monday, while traders liked to leave long orders for a little gain. It appears that the descending development was a progressively normal bearish adjustment, particularly after the colossal XRP price rally, which provoked financial specialists to benefit to around 45 percent.This situation constrained a few analysts to keep up their bullish inclination in the digital currency. GalaxyBTC tweeted that it expects XRP to retest the $0.3 level in the following day’s exchanging session. Be that as it may, another outstanding trader, CryptoBull expressed a few specialized indicators that spoke of the digital currency in green all through 2020.Although not everyone analyzes alike. Some analysts believe the latest XRP price rally is inorganic, given that the situation with legal battle that Ripple Labs is currently involved in.In case the San Francisco firm loses, it will be compelled to pay remuneration to all financial specialists who have obtained XRP. By the way, such a choice can hinder long-term XRP speculators from owning a token, which will prompt a drop in price. The XRP exchange rate versus the dollar has just plunged more than 50 percent since last June.Recently, Ripple Labs has filed a request to terminate the class action.As of January 16, the court agreed to accept the “pending case”.Even if Ripple won the letter to dismiss and threw out the entire class action lawsuit, it would not matter much to XRP.“The big and interesting question is whether XRP was or is security. Ripple’s motion didn’t ask this question, so the dismissal will not answer the question – just postpone it to another day, ”wrote Jake Chervisnky, Compound’s General Counsel.XRP/USD Bulls Attempting an Upward Push Towards the Level at $0.30Supply Levels: $0.2255, $0. 2200, $0.2000Demand Levels: $0.2636, $0.2545, $2501The latest upward move prompted XRP to try to reach a resistance level of $0.254. It coincides with the horizontal level, where the fluctuation from $0.327 level to the low level of $0.176.XRP/USD is now testing the level at $0.231 range as support. Leaving the zone may lead to the fact that traders may place a short position concerning the $0.176 level. Meanwhile, they can place a stop-loss order outside the range to protect their orders from unexpected growth.Simultaneously, a rollback from the support range may enable traders to put a long entry to the level of $ 0.25. A further push can move the growth target to $0.30 level, as other idealistic analysts anticipate.However, traders should maintain a stop loss beneath the support range.XRP is completely in the long-term bearish bias. Therefore, any aggressive upward position should be avoided until further confirmation.XRP Price Drops 11% Despite Advancing about 45% as It Toggles for More Bears
Coinspeaker Palladium Price May Test $3,000 as It Is Actively Rising NowNowadays we are witnessing the rise of palladium. Since we are trying to be all “Greta Thunbergh-ish” meaning eco-friendly, we have realized that platinum and palladium are the metals to invest in.The rise of the popularity of hybrid electric cars went on further with the palladium increasing by 25% over the past two weeks to more than $2,500 an ounce. Of course, this also tackled an interest in palladium’s twin – platinum.At its current price, palladium has been almost doubled from the same time last year. This is made up mostly by the increased demand from carmakers, who use it in order to be eco-friendly.$3,000 per Ounce?As per Goldman Sachs Group Inc.’s Jeffrey Currie, palladium’s run could beat the psychological limit of $3,000 an ounce. However, analysts are saying that if this happens, it won’t last for long as the record levels would cut into demand.He said:“The upside potential is significant as the market is now in a demand-rationing phase. But gains wouldn’t be sustainable, as once demand was destroyed, prices would fall back again only to tee up for another spike, as we have seen the last year.”The increase in the price of the palladium came first as a result of tighter emissions regulations that kicked in on January 1, 2020.In December, new car registrations rose 21.7% in the European Union, and has reached the figure of $1.26 million. Palladium is mostly used for the making of catalytic converters that adjust exhaust emissions in cars.Palladium has rocketed a 54% surge in 2019. The growth of a series of huge rises has left investors asking if the rise will continue. Currie actually says that this will be upside but “very volatile ride.”He said:“This process is likely to continue until auto producers finally switch to other precious metals, like platinum and rhodium. But this will likely only happen when the palladium shortages become severe enough to create problems in producing a car, which is still a ways away.”At the time of writing, palladium was a bit down by 1.18% to $2,470 while platinum went down by 0.96% to $1,009.Let’s also not forget the diesel emissions scandal in Europe has also had an impact. Drivers have been slowly but surely becoming eco-friendly and have been moving away from diesel cars, which mostly use platinum in their catalytic converters, and are now buying petrol-driven vehicles, which use palladium. The thing is that when we are talking about palladium, platinum and rhodium shortage – all three metals were in supply-deficit for several years.Every year it becomes harder, deeper and more expensive to mine or, in the case of South Africa, a breakdown in the country’s electricity grid means deeper mines cannot be worked safely. We have already reported that demand for rhodium has surged recently citing a possible U.S.-China trade deal ahead this month that can trigger car and autocatalyst demand.Tokenize ItAndreas Daniel, a trader at refiner Heraeus Holding GmbH explained:“The main driver by the beginning of January was physical demand from Asia, which might be also automotive related. Buying triggered more buying and in an unregulated market the effect was massive, with a price move which is only seen maybe every 10 years.”Meanwhile, someone else is thinking that palladium is a chance to earn. The Russian billionaire Vladimir Potanin says that it would be a great idea to tokenize metals and commodities and says that there a huge appetite for metal-backed cryptocurrencies.“Transactions in tokens are simpler and more convenient. People more and more tend to use decentralized networks and platforms that don’t have the main operator. We want to be active participants of this process,” explained he.Palladium Price May Test $3,000 as It Is Actively Rising Now
Coinspeaker 100 Days till Bitcoin Halving Event: BTC Price Is Trying to Reach $9,000 AgainIt has been a good start to this year so far for the cryptocurrency markets. The overall cryptocurrency market cap has added over $45 billion since January 1. The cryptocurrency market cap surged from $191 billion to now at $238 billion registering over 20% gains.Bitcoin, the crypto king, has undoubtedly been a star performer as well! In just the first 20 days of 2020, the Bitcoin price surged nearly 30% bringing the excitement back among its investors. Earlier this week, the BTC price climbed all the way above $9100 levels crossing 30% gains.However, it has retraced back and slipped $500 odd levels since then. At press time, Bitcoin is trading at a price of $8670 with a market cap of $157 billion.Moreover, the much-awaited Bitcoin halving event is around 100-days away from now. According to some sources it is scheduled for May 9, 2020. However, Binance, for example, believes that there are 102 days left. Other sources expect that it will take place 112 days. However, it is clear that the Bitcoin halving will take place after the 630,000th Bitcoin block is mined. After the Bitcoin, the BTC mining rewards will reduce to half at 6.25 BTC per block from the existing 12.5 BTC per block.Investors and analysts are excited to see another bull run before the Bitcoin halving event, and also after it. Historical chart patterns show that after every halving, Bitcoin price has skyrocketed in the years to come. This means that 2020 could be a great year for Bitcoin investors as BTC is likely to surpass its 2019 performance.Factors that Can Trigger BTC Bull Run in 2020While some analysts think that the Bitcoin halving effect is already priced at the current levels, others refute it.1/ @Melt_Dem, I respectfully disagree. This is incorrect.Yes, derivatives do help market efficiency and general price discovery.However, no, of course they do not affect basic supply and demand. https://t.co/cQvxHWCjJU— Jack Mallers (@JackMallers) December 25, 2019Another crypto investor Alistair Milne shows patterns referring that the interest for Bitcoin over time doesn’t include Bitcoin halving effects in the current price. Thus, he believes that there is sufficient room for the BTC price to surge ahead.Q/ What does everyone say is priced in, but definitely isn't? pic.twitter.com/qUxRHRvrKi— Alistair Milne (@alistairmilne) January 19, 2020Also, considering the now popular Stock-to-Flow model, Digitstalk has released some data showing that BTC is exactly where it should be. The Stock-to-Flow model predicts the BTC price on two factors: the stock and the flow. The stock refers to the total Bitcoins in circulation and the flow refers to new Bitcoins entering circulation.Later this year, the Bitcoin network is also likely to go for another update called the soft-fork. The soft-fork will make some tweaks to the Bitcoin protocol without any need of updating the nodes. The soft-fork will work on Bitcoin’s scalability and privacy and is also backward compatible.By the fourth quarter, the soft-fork is likely to introduce three planned proposals – Schnorr signatures, Taproot schemes and Tapescript language. Lucas Nuzzi, an analyst from Digital Assets Research, is bullish on the BTC soft-fork. “These are powerful foundational technologies that will bring novel smart contracts to Bitcoin’s base layer,” believes he.100 Days till Bitcoin Halving Event: BTC Price Is Trying to Reach $9,000 Again