Main news of the market of cryptocurrencies 16.10.2018

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Main news of the market of cryptocurrencies 16.10.2018

Blockchain-platform Telegram in test mode will be launched in the autumn. In a letter to investors Telegram Open Network says that the team is finalizing protocols and network blockchain platform. In addition, the mechanism of the smart contracts Virtual Machine TON is ready for 95%. As previously reported, the TON will have to process transactions faster than bitcoin and Ethereum blockchains. The team promises to speed the processing of payments, comparable to Visa and MasterCard. In the platform, among other things, will be integrated Telegram-wallet and use it is a cryptocurrency Gram.

Huobi will add support four tablconv. Listing TUSD from TrustToken, USDC from the Circle, GUSD from Gemini and PAX from Paxos will be held October 19, is spoken in the message exchange. However, Huobi not going to abandon the Tether. “Tether — one of the largest tablconv on the market… We do not plan to restrict the sale, Deposit or withdrawal. However, we want to give users the choice, and therefore we have listing of several other tablconv,” said Vice President Huobi Group Livio van. We will remind, earlier the same four stablein added exchange OKEx.

Study: Europe is an unquestioned leader in the cryptocurrency market. Thus, according to analysts ‘ estimates, since the beginning of the year in Europe during the ICO was sold tokens worth about 4.1 billion dollars, while in USA this figure was $ 2.6 billion, and in Asia were even lower — 2.3 billion dollars.According to analysts, the reason of an absolute leadership that the European region became the center of fierce competition, where almost every country is trying to offer cryptocurrency investors “most favourable to developers of decentralized networks regulatory environment.”

Mike Novogratz predicted the rise of institutional investors and bitcoin to $10 000. Former Manager of a hedge Fund and well-known cryptocurrency investor remains true to his optimistic mood: “I think in the first or second quarter of 2019 institutional investors will start to come in, and then you can expect new highs”. Novogratz binds future market growth with the advent of large players and running the crypto currency exchange from Fidelity Investments.

The Central Bank enters the market regulation with the help of Big Data. The Bank of Russia intends not just to be involved in the process of digital revolution in the sector and lead it. To do this, the regulator has established a working group and working hard on the development and implementation of technologies regtech and Sabtecha. According to the Chairman of the Central Bank Vasily Pozdyshev, the digital revolution will be the main driver of changes in the financial sector and in regulation and supervision in the next 5-10 years. In particular because the process of digitalization of Finance is very fast.

The total market capitalization of cryptocurrencies right now is 211 billion dollars.

  • Bitcoin (Bitcoin) for the last day fell by 1.04% to $6577,99.
  • The ether (ETH/USD) rose by 0.06% to $209,43.
  • XRP (XRP/USD) rose by 3.02% to $0.45.
  • Cash Bitcoin (Bitcoin.Cash) fell by 0.81% to $456,64.
  • EOS (EOS/USD) fell 0.41% to $5,42.

The best growth among the top 10 crypto-currencies have shown that XRP (+3,02%)

The best growth among the top 100 cryptocurrencies showed Tezos (+11,99%)

Market dynamics

The trading volume of the cryptocurrency 24 hours amounted to 12.5 billion dollars (-8,9 billion per day).

The profitability of mining

  • Bitcoin: $0,26 per 1 TH/s
  • Ether: $0,02 per 1 MH/s
  • Bitcoin Cash: $0.22 per 1 TH/s
  • Litecoin: $2.98 for 1 GH/s
  • Dash: $0.08 per 1 GH/s

Reddit of the day

One of the most discussed topics of the day on Reddit was a post of the user with the nickname MoonMan666 on this very, very low cost transaction of cryptocurrencies compared to Bank transfers. “Someone paid $0,1 to translate 194 million dollars (29 999 BTC). Just think about these numbers!” writes Reddit user. The discussion gained more than 330 comments.

The expected ICO

  • 20 Oct OneToTwo
  • 31 Oct 4ARTechnologies
  • 1 Nov Quidli
  • November 15, Vidion
  • 15 Nov Winnest

The full list of ongoing and anticipated ICO you can see the link.

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