Krutomer for the week: Fidelity on the stock market, Constantinople is delayed, the TON is near
At the end of the week we summarize what wrote these seven days, and collect everything that is relevant for fans of the cryptocurrency and decentralized technology. This week the company Fidelity Investments has announced the launch of its cryptocurrency platform Ethereum developers have postponed updating Constantinople until the beginning of 2019, but also it became known that the project team Telegram Open Network (TON) is planning until the end of autumn to launch a test version of the blockchain platform.
One of the most ardent supporters of digital currencies Mike Novogratz suddenly changed its forecast and stated that the bitcoin’s rally is expected only in 2019. In his opinion, bitcoin can demonstrate breakthrough roughly in the first half of next year. In addition, Novogratz believes that the cryptocurrency project Tether has failed to prove its solvency, which became the reason of falling of interest of investors to this digital asset.
According to forecasts of the investment company Pantera Capital, by 2020, the market value of the cryptocurrency will increase tenfold. The representative of investment company Joey Krug said that the momentum of growth of the cryptocurrency market can give solution to the problem of network scalability bitcoin. If the developers will solve this problem, there is a high probability of a sharp increase in demand for digital assets.
The head of the Civic Winnie Lingam said that in the future the stock market is probably waiting for another bubble. Then the price will again reach $20 000 and will go back to $100.
According to Alex Michaelis co-founder CoinSchedule, many investors who bought Tether on Bitfinex, now I want to “merge” it in bitcoin: these people believe that the Tether broke, so swap it for bitcoin and push the price up on Bitfinex.
In a recent tweet, co-founder of Ethereum Vitalik Buterin admitted that he regretted the use of the term “smart contract” in your project. According to him, “should have chosen a more boring technical name”.
Engineer— technologist, entrepreneur, co-founder of companies SpaceX and Vector Launch Jim Cantrell said that digital money may become the currency of space colonies. According to Cantrell, is now rapidly growing economic area, where the driving force is the entrepreneurs, not the government.
According to the former Chairman of the US Commission on commodity futures trading (CFTC) Gary Gensler, ICO must be equated to the procedure of issue of securities.
Recent research by the Depository Trust & Clearing Corporation (DTCC) has shown that the blockchain technology is able to support the entire peak trading volume US stock market. Thus, speech can go about 115 million daily transactions, or about 6,300 transactions per second for five hours straight.
The international company Group— IB, specializing in the prevention of cyber attacks, assessed the damage from targeted attacks on the crypto currency exchange in 2017 and the first nine months of 2018 in $882 million According to experts, during this period, was hacked at least 14 kryptomere, five of them attacked the North Korean hacker group Lazarus, including Japanese exchange Coincheck, which lost $534 million
According to the report the investment Fund Fabric Ventures, Europeans gathered in 2018 almost two times more in the course of ICO than Americans or Asians. If the projects of the Old world raised $4.1 billion, in the New world the figure is $2.6 billion, and in Asia of $2.3 billion.
MasterCard and Visa, the largest global payment operators will now include cryptocurrency and ICO to high-risk assets. In this classification procedure payment can be made in up to 540 days after the effective date of the transaction.
According to Octoverse, Ethereum is currently fifth in the rate of growth the project is open source on GitHub. However, on Friday, the developers announced that the implementation of the updates Ethereum Constantinople is delayed until the beginning of 2019. The team members, originally planned to spend hardwork in November, decided to postpone it since in launched in testnet code was discovered a few bugs.
Clients of the cryptocurrency exchange Poloniex on Wednesday faced problems in the input and output of funds in bitcoins. Administration of the platform acknowledged on Twitter that there was a problem and apologized for the inconvenience. The report noted that the failure arose in connection with the renewal of cryptocurrency wallets.
Exchange Binance has announced a partnership with analytical blockchain company Chainalysis, in which the platform plans to integrate special software to identify illegal transactions and identify customers that have the potential to engage in money laundering. Also Binance Uganda, cryptophyta the floor of the exchange, this week officially announced the beginning of work. Binance soon plans to open branches in Singapore, Liechtenstein and Malta.
American cryptocurrency exchange Coinbase intends to strengthen its position in Europe and opened office in Ireland. This step will allow the marketplace to gain a foothold in the European region ahead of a British exit from the EU. In Coinbase said that the exchange seeks to serve clients from all over Europe and sees the Irish market is a good entry point.
OKEx and Huobi announced the listing of the group of new tablconv. Now on the grounds of the available operations with digital currencies TrueUSD (TUSD), USD Coin (USDC), the dollar Gemini (GUSD) and Paxos Standard Token (PAX). To “buck” the Winklevoss brothers and other stabilium also eyeing Binance.
Monday was officially launched decentralized platform Bithumb. The air base will become the first digital asset with which to enter into transactions on the platform. Also Bithumb launched a reward program for foreign users.
Indian cryptocurrency exchange Zebpay under pressure from the country’s Central Bank was forced to find a new home abroad, and this refuge was Malta. Restrictive measures by the Central Bank led to the fact that the Zebpay users are no longer able to Deposit funds onto the platform in the Indian national currency, and to carry out their conclusion.
The oldest Chinese cryptocurrency exchange BTCC, previously known as BTC China, plans in November to launch a trading platform for South Korean investors. At the same time, local cryptocurrency platform after the hard actions of the government of South Korea agree on what to do at home it is nothing more. Representatives of the Coinone by next year I plan to switch to other parts of Asia, and Bithumb Upbit already announced plans to work in Thailand and Singapore respectively.
Fidelity Investments, one of the largest companies on management of assets in the world, launches its own cryptocurrency platform. Subsidiary Fidelity Digital Assets will provide corporate storage solutions for cryptocurrencies and trafficking, as well as consulting services (around the clock). The launch of a subsidiary company with 100 employees at the moment, the last and perhaps the biggest exit of institutional investors in the cryptocurrency market.
Stock exchange Nasdaq plans to launch its own platform to release ICO— tokens and then trade them.
Genesis Global Trading, one of the largest OTC traders cryptocurrency assets, said that provided to institutional investors loans of digital assets totaling more than half a billion dollars.
Chicago Mercantile exchange (CME) on 17 October reported an increase in trade bitcoin futures in the third quarter. CME notes that the average daily trading volume (ADV) increased by 41% compared with the second quarter, while the number of open contracts (OI) grew by 19% in the third quarter.
The Barclays project to launch a service for cryptocurrency trading “temporarily frozen”. At the end of September this year, the British credit institution took an unexpected decision to suspend the activities of the team to launch digital service.
Financial giant Goldman Sachs and cryptocurrency Bank Mike Novogratz Galaxy Digital has invested $15 million into the startup BitGo, which specializiruetsya on the development of services for the secure storage of digital assets.
Mining on small farms in China ceased to be profitable. Local residents say that they are forced to leave this business. The reason is simple: the prolonged bear market of cryptocurrencies.
The acting head of the government of Armenia Nikol Pashinian was the start of the country’s largest mining centre. In the first phase the company will operate 3,000 units of equipment for bitcoin mining and ether. The company then plans to increase the number of machines up to 12 000.
The second largest manufacturer of equipment for bitcoin mining Canaan Creative has announced a new flagship called AvalonMiner A911. This greatly exceeds the miner Antminer S9i that Bitmain is now ready to offer to the market.
Canadian blockchain— Blockchain Solutions company DMG (DMG) on October 17 officially announced the plans to establish a global platform of logistics management for the needs of the cannabis industry. About how the legalization of marijuana in Canada will affect the cryptocurrency read in this article.
Technology giant Sony Corporation has announced that it is developing a blockchain system to protect rights to digital content. The goal is to create an efficient way to manage property rights on a variety of written work, is protected by copyright.
Japanese car manufacturer Toyota has partnered with Lucidity, which deals with the study of the use of the blockchain in the field of advertising. This step is aimed at reducing fraud in the creation and placement of digital advertising.
Rwandan authorities start using the blockchain to track the production and shipment of tantalum — a metal used in consumer electronics. Technology is designed to solve the problem of illegal exploitation and smuggling.
Russian Association IPChain signed a partnership agreement with the Department of innovation of the municipality of Tashkent. The specialists of startups will help the authorities in the capital of Uzbekistan to implement blockchain technology in the field of intellectual property protection under the state program of the digitization of the economy.
Association of non-state pension funds (NPF) has urged the Pension Fund to transfer all the information about the individual pension capital of citizens on the blockchain the platform. A proposal NPF sent to the Pension Fund in the form of a letter.
The head of the Central Bank Elvira Nabiullina believes that the interest in cryptocurrencies in Russia began to fall. However, the head of the Central Bank does not see anything wrong in the rapid development of the cryptocurrency industry, and in the implementation of innovative solutions to automate business processes and to expedite the transfer of money to any point of the globe.
The Russian Union of Industrialists and entrepreneurs called on the government to finalize the bill on cryptocurrency and ICO. The head of RSPP Alexander Shokhin at the meeting of the coordination Council of the Union said that the bill on cryptocurrency needs to be adjusted.
The Deputy of the state Duma from LDPR Vasily Vlasov wants to propose to Parliament a bill requiring Russian government officials to report on the status of their cryptocurrency accounts. Vlasov stressed that now the cryptocurrency can be used to hide income, obtained through shady financial schemes, and what are the officials.
The financial Supervisory authority of UK has declared its intention to form its policy toward digital currencies before the end of the year. The financial regulator has introduced such a clause in the business plan for 2018 and 2019. Six months ago, he published a warning that the company offering cryptocurrency derivatives, not empowered.
The Commission on securities and exchange Commission this week announced that it is launching its FINTECH hub for cooperation with companies that use blockchain, artificial intelligence and other innovative technologies.
The tax policy Committee of Japan want to simplify the process of tax reporting for cryptocurrency transactions. According to authorities, the new system will encourage holders of the cryptocurrency to come out from the shadows.
The Hong Kong authorities will protect cryptocurrency investors by regulating trading venues. The Hong Kong authorities plan to ban cryptotrading but intend to strengthen control over the bidding process and increase the transparency of transactions on purchase and sale of digital assets.
Experts of American company in the fight against cybercrime Malwarebytes believe that a popular method of cryptoheros again are viruses ransomware, although in the recent past they preferred scriptordering. Experts believe that the reason for the change of tactics was the protracted decline of the cryptocurrency market, as well as new measures for the protection of the hidden mining. How to avoid becoming a victim of cryptogamia, in his article tells Marty Puranik, founder and CEO of the company Atlantic.Net.
The United States government Agency active in fighting the illegal cryptocurrency offers. This week, three projects received orders to cease activities.
The famous American boxer Floyd Mayweather and hip— hop artist Dj Khaled sued. According to the plaintiffs, they participated in a fraudulent cryptocurrency project, robbed investors of millions of dollars. The cryptocurrency, which is in the center of the scandal, was released by Centra Tech.
The Commission on trade commodity futures (CFTC) has won a lawsuit against the new Yorker and its a pyramid scheme built around bitcoin. In the period from 2014 to early 2016, the company Gelfman Blueprint and its head Nicholas Gelfman has engaged in fraudulent activities, resulting in lured $600 000 80 clients.
Two women were arrested in connection with illegal penetration into someone else’s home in the U.S. city Killingly (Connecticut). Presumably, they beat up the victims at gunpoint, and attacked by a Taser. The incident happened in March, was the culmination of a dispute over a bitcoin account.
Resident of the Norwegian capital killed during the sell bitcoins for cash. The victim was 24— year-old man who lived in the upscale district of Oslo Majorstuen.
In October 2017, the Department for investigation of economic crimes the Mumbai police declared wanted by the founder and sole Director of the company ATC Coin Subhashchandra Jevrey, who is suspected in the creation of cryptocurrency in the fraudulent scheme. However, the investigation apparently stalled, since there is no one investor who wished to make a complaint.
Manufacturer Genmega ATMs and the company LibertyX has teamed up in order to implement the function of buying bitcoins in ATMs. Now 100 000 “classical” ATM in the U.S. could become a bitcoin terminals due to a small upgrade. However, while there is no assurance that the company will attempt to upgrade all of their vast network.
Almost two-thirds of those wishing to obtain a certificate of cryptocurrency agent in Malta has not managed to pass the exam, although a last-minute evaluation criteria have become much softer. Under the implied agents, attorneys, accountants and auditors who want to play the role of mediators between the operators of the ICO or other sellers of cryptocurrency on the one hand and the financial regulator of the country, the Office of financial regulation and supervision (MSFA).
We recently announced the launch of Blockstream company sidechained bitcoin called Liquid Network. I should say that the event is not generated significant hype, but we are talking about the world’s first commercial sidechained.
Articles of the week
South African journalist, television presenter and Director Brian Smith analyzed five of the most controversial statements about the cryptocurrency of the American economist Nouriel Roubini — an ardent critic of the blockchain and the opponent Vitalik Buterin.
Garrett Jenkinson, a journalist from South Africa, tells the story of blockchain developments and IBM and about what the leading minds of the Corporation are busy now.