Meet Fred Schebesta, a 26-year old entrepreneur from Australia who is known for co-founding the comparison website called Finder.com. According to Schebesta’s new plans, a crypto bank based in Australia would trigger the growth of cryptocurrency and help people to secure their investments in an official institution.
In an interview with the local Australian news website News.com.au, he said that he didn’t care about the current price of Bitcoin. As he told the news portal, people have been calling Bitcoin a bubble all the time – when it was worth $10, $100 and even $1,000.
One of the main reasons that makes people think that the interest in Bitcoin is much smaller nowadays is the big volatility. However, Shebesta explained that people are only upset about the decline – which is far from them losing interest in the cryptocurrency.
As he said:
“We just saw a massive spike in retail investors coming on board. That’s why everyone bought and they sold and everyone’s really angry,”
Schebesta also said that he is a “time traveler” which is why he has been successful. According to him, the future is near and he can “see it” which is why the new bank idea is, according to him, a project that is feasible within the next 18 months.
He also addressed the importance of crypto adoption:
“As crypto adoption takes off … people are going to [need] certain services [like] custodianship, cold storage, escrow, exchange and spending.”
Schebesta concluded that people will soon realize the importance of cryptocurrencies, especially after they start facing more issues with traditional financial institutions. This, according to him, will “be-all and end-all” which is why he is hedging his project Finder.
Scott Galloway Of UCLA Believes Crypto Will Get Worse In 2019
‘’VR and crypto go from bad to worse. AI fails to live up to the hype. 3D printing rises from the ashes. Smart cameras become a hot category.’’His assessment seems to be accurate but can the crypto market prove to be the odd one out? This can be so since many industries are really committed to the crypto sector. Companies such as Fidelity, ICE, and Nasdaq have funded at least five projects in the crypto space over the past year. Venture capitalist Jim Breyer even said:
“So many of the very best computer scientists and deep learning Ph.D. students and postdocs are working on blockchain because they have so much fundamental interest in what blockchain can mean. You don’t want to bet against the best and brightest in the world.’’
Pantera Capital CIO: “Bitcoin Will Not Succeed As Money”
"Bitcoin created the ability to send money around the globe cheaply and easily without having to trust a third party," Krug was confident.He also went on to discuss several revolutions in the past, from the information revolution triggered by printing press up to the telegram, telephone, radio, television and finally, the Internet. When asked about finance, Krug believes that the industry has made leaps of progress such as increases in execution speeds, online user interfaces, brokers etc. However, he stated that a financial revolution powered by the blockchain could advance us into a next era where money, value and finance will all be coordinated thanks to crypto.
"This infrastructure will be borderless, cheap, quick, and, most importantly, will let people trade on things they’ve never been able to exchange before, and if markets for those don’t exist yet, it’ll let them create it," Krug concluded.
Scottish Man Sentenced To Prison For Buying Firearms On The Dark Web With BTC
‘’You claim that you had no intention of causing harm to anyone but the fact remains that you went to considerable lengths to get hold of a potentially lethal weapon and ammunition. You must have appreciated that this was unlawful. For this conduct you must be punished.’’This case is only a number in the series of similar cases where bitcoin is used to carry out illegal activities on the dark web.
American Businessman Still Missing After $950,000 In BTC Ransom Paid
‘’Pavas and Hospital neighborhoods in San Jose – Criminal assault and homicides have been reported in these areas. Gang activity, such as territorial disputes and narcotics trafficking, has been reported in Pavas in the vicinity of the U.S. Embassy.’’There is also another case of kidnapping but in Norway where millionaire’s Tom Hagen wife was also kidnapped. The kidnappers demanded that the ransom should be paid on Monero and that the police must not be involved. However, the police did get involved and said to the public:
‘’Our goal is to find the woman alive and reunite her with her family. In serious crime cases, time is an important factor. We depend on tips that can help us come closer to finding Anne-Elisabeth.’’
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