Weekly cryptocurrency news roundup

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Hedge fund Multicoin Capital: The value of Litecoin is seriously overvalued

According to CCN, Multicoin Capital, a hedge fund that shorts Litecoin, said in a recent report by its managing partner, Tushar Jain, that the Litecoin value was overestimated. There are a lot of negative factors in the Litecoin, but there are no bullish cases to offset these disadvantages. First, Jain believes that LTC’s bull market in 2017 was ‘made’ by the immaturity of retail investors and the market. Second, Multicoin believes that the Litecoin Foundation’s current financial situation is terrible and difficult to operate effectively. Third, LTC does not have its own unique development roadmap. Most of the Github updates are duplicates of Bitcoin Core. Fourth, Multicoin believes that the Litecoin price is unbearable to withstand the selling pressure that may be faced in the near future. Multicoin believes that Bitcoin will eventually sell all of its 1 million LTCs.

Don Wilson, founder of DRW Holdings: More interesting than the debate on the value of Bitcoin storage is the application of Bitcoin

According to Coindesk, Don Wilson, founder of DRW Holdings, said at the Consensus Consensus Conference, ‘There is a lot of debate about the value of Bitcoin currency storage. But what is more interesting to me is the use of Bitcoin, a no trust exists. The value transfer capability is destructive.’ It is also mentioned that one of the biggest problems in this industry is the lack of clear rules for regulators, and the escrow scheme for cryptographic assets is the key to acceptance by a wider range of institutions.

Looking at CME and CBOE’s bitcoin futures data, he found that bitcoin derivatives trading in Asia is almost identical to the US, which is an anomaly compared to other financial instruments. He also mentioned that there may be demand for similar trading tools in Asia.

Analyst: ETH will capture half of BTC’s market share within five years

According to Marketwatch, Thomas Crown Art analyst Ian McLeod said in an interview with the media that Ethereum has bottomed out, and as the utility of the unchanged general ledger grows, Ethereum price will quickly reverse. “We not only think that It will rebound sharply before the end of 2018, and it will significantly weaken Bitcoin’s dominant position for a long time. “Bitcoin will lose 50% of its cryptocurrency market share to Ethereum within five years.”

Samsung SDSNexledger blockchain platform adopts multiple networks such as Ethereum to achieve customization

According to Coindesk, Samsung SDS’s Seungjai Min said that Samsung SDS has built a Nexledger blockchain platform since 2015, using multiple networks such as Ethereum and Superbooks, enabling blockchain applications to be tailored to business needs. Seungjai Min believes that the application of blockchain technology in the field of logistics is very promising.

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