Evai Insights

The first, second and third industrial revolutions brought us to the present day.

According to Professor Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, the new age is differentiated by the speed of technological breakthroughs, the pervasiveness of scope and the tremendous impact of new systems.

French regulators are openly vociferous against Libra from Facebook. They are also working on their own digital currency, to trial in 2020 Trials for a French wholesale central bank digital currency will kick off next year. The EU country is hoping to be the first to issue a wholesale CBDC. France emerged as one of the biggest oppositions to the cryptocurrency of the social media giant. One of the arguments that French officials put forward in their case against Libra then was that the private firm-backed cryptocurrency was an attack on the monetary sovereignty of nations.

Portuguese football team, Benfica, has begun accepting both Bitcoin (BTC) and Ethereum (ETH) for match tickets and club merchandise. The feature has been made possible through a collaboration with UTRUST, the digital currency payments gateway. The UTK token of UTRUST will also be accepted. The move is a step for adoption for cryptocurrencies, as football is a widely popular sport. Benfica itself has over 14 million fans and is one of most successful football clubs in Portugal.

2019 was a year of accumulation; 2020 will be the year of life-changing profits for bitcion and crypto holders, according to popular trader. Bitcoin’s price action has been mind-numbingly boring as of late. A prominent trader believes that this will change once we turn the calendar. Other analysts also agree that 2020 would be the year of bitcoin. With the exception of a brutal pump and dump on Wednesday, the price action of bitcoin has been far from exciting over the last few weeks. Since the end of October, the number one cryptocurrency has lost nearly 30% of its value.

There is not one, but two ways bitcoin price can reach $100,000, according to trader Peter Brandt. Legendary trader Peter Brandt shared his bitcoin report to the public. In the report, the analyst shared two scenarios that can propel bitcoin to $100,000 or even higher. The trader also stressed in the report that possibilities are not certainties as there’s always a chance that his scripts don’t play out.