Cryptocurrency news today 22 August

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Cryptocurrency news today 22 August

Team Cryptocoins.group presents to your attention a regular column – “the news of the cryptocurrency today”. Recall that in this column we publish news, which influence on the exchange rate of the cryptocurrency of the TOP 100 by market capitalization according to Coinmarketcap.

According to Coinmarketcap, almost all cryptocurrencies top 10 traded in the green zone. The highest growth was demonstrated EOS(3.5%) and Bitcoin(3.1 percent). Minor losses are observed in Monero and Tether (0.25%), other coins record growth in the range of 1-2%.

Recently, Bloomberg said that the cryptocurrency Bitcoin Cash not needed in commercial transactions. In March, the number of payments using the cryptocurrency reached $10.5 million, and in may, the amount of transactions fell to $3.7 million. In turn, Roger Ver, a supporter of BCH, denied the statement to Bloomberg and noted that the long-term price of cryptocurrency is determined by its practical usefulness as a currency.

In November, the planned release of a new update for the Bitcoin Cash, which will include the “canonical order” and two new operating code. This update has caused mixed reactions: some believe that the update improves the scalability of cryptocurrencies, others consider the development of Bitcoin ABC is useless. And last week nChain announced the release of the SV Bitcoin — that does not contain controversial, Bitcoin ABC. Many owners of BCH have expressed their concerns over the bifurcation of the platform and the incompatibility of the two nodes.

Korean popular messenger WeChat has blocked 4 news portal associated with cryptocurrencies. All articles that were previously published on the platform are removed, and the transition on page Jinse, Deepchain, Huobi News and CoinDaily displays information about the activities of these accounts suspended. Representatives WeChat explained that froze the accounts because of a violation of PRC law for promotion of media profiles in the messengers. Recall that on 7 August the government of China has put forward the requirements to the activities of information resources in instant messengers and social networks.

The number of short positions on bitcoin can reach a maximum value. At the moment on the stock exchange Bitfinex opened 39 528 sell bitcoin. A similar situation was observed on April 12, when the number of sell orders was 40 719. It is worth noting that almost half of the positions was opened on 8 August at a price below 6700$. Thus, if the rate of bitcoin will increase by at least 5%, most positions are closed by stop-loss, which will push the price of the cryptocurrency even higher.

Representatives of Union Bank AG of Liechtenstein announced the release of their own security tokens. In the future, the Bank plans to launch its bitcoin Union Bank Payment Coin, which will be supported by Vietnam capital of the organization. Also the Bank’s representatives said that they plan to convert all transactions on the blockchain for this purpose the solution was chosen from a Swiss company Verum Capital AG.

The Central Bank of Thailand is developing a digital currency platform Cords R3. Recently, representatives of the Bank said that by the spring of 2019 will be chosen model of the future currency. It is planned that the CBDC will facilitate interbank transactions. The Bank also announced the development of another blockchain of the project, which will facilitate the sale of state bonds.

Cryptocurrency exchange Wirex received from the FCA license for operations with electronic money. The exchange was the third in a row after Circle and Coinbase. The license gives the ability to provide services to customers at a lower cost and with greater speed. In the future, the exchange has the opportunity to become a member VISA, which will reduce the interest when you withdraw money.

Most Korean kryptomere not meet the requirements of financial regulators. According to the Agency’s Internet security 21 exchange the most important requirement corresponds to only 11. It was also revealed that on 12 exchanges and prevent data leakage, as developers are not paying enough attention to the security processes. 10 ciptofloxacin not equipped with special software for detection and tracking of suspicious accounts. The next check will be in September, which would include the projects that have appeared up to this time.

NVIDIA no longer puts the cryptocurrency sector a priority, as profits from this area has declined substantially over the past few months. According to Colette Kress, chief financial officer of the company, the income from cryptoprotocol fell to $1.8 billion , instead of the planned $100 billion, the company’s CEO Gensun supported Colette and added that in a period of decline in the cryptocurrency industry, the company are primarily supported by good sales in the field of video games.

Stay tuned not to miss any important event from the world of cryptocurrency!

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