Tryptomer for the week: Run Bakkt, IPO Coinbase and Bitfury, the frustration Timothy may
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 network appeared information about the possible IPO Coinbase and Bitfury, became known date of launch “the main institutional platform” Bakkt, and the legendary shipoping Timothy may ruthlessly criticized kriptonyte.
According to the Creator of the digital currency Dogecoin, Jackson Palmer, a parish on the cryptocurrency market institutional investors are able to hurt this segment of the economy. He believes that these investors can create the conditions under which the stock market will actually “wall street 2.0”, that is, is fully controlled by the major players.
CEO Dash Core Group Ryan Taylor in an interview with Cointelegraph stated that crypto-currencies issued by Central banks — the inevitable future, but the last word for people who “will decide what form of money they want to use as part of their life.”
According to the General Director of the DeVere group Nigel green, over the next ten years the capitalization of the cryptocurrency market will increase by 5000%. In the same period, the market will increase competition among digital assets, which ultimately will lead to the weakening of the bitcoin.
Tom Lee, Fundstrat head and one of the most popular analysts in the cryptocurrency community, said that bitcoin has the potential to overcome in 2019 barrier of $20 000. According to his analysis, 80% of scenarios similar to the current situation, the price of bitcoin grew. Lee noted that Ethereum also has a high chance to achieve a price level of $2000, given its active dissemination.
Social economist, cryptocurrency trader and founder of Bitcoin Foundation Charlie Shrem said that stabilini is nothing like the advertised version of PayPal. Shrem indicated a decline in the NASDAQ, S&P 500 and Dow Jones Industrial Averages over the last month, as well as reducing the volatility of bitcoin over the same period, and concluded: new stablon is bitcoin.
Tokens produced by the world’s largest cryptocurrency exchange Binance, unable to find a second wind as a means of payment. At least so says Chanpen Zhao. In an interview with Crypto Briefing he stated that he plans to turn Binance Coin (BNB) in the payment token.
Major economies should initiate a coordinated regulation of cryptocurrencies. This opinion was expressed by Jeremy Allair, head of the crypto-currency startup Circle. He emphasized the growing support for the creation of international rules for the regulation of digital assets from kryptonyte.
The founder of Freedom Investment Group, Olivier Janssens believes that the majority of early members of the user community of bitcoin went from this area and actually “destroyed” the industry.
A group of researchers from the organization “Initiative for cryptocurrency and contracts” (IC3) stated that, contrary to popular belief, the blockchain will not help to improve the voting system in the United States, where in this area there are different problems, and in principle. In fact, experts say, the blockchain can exacerbate existing flaws. It should be noted that the head of the Central election Commission of the Russian Federation Ella Pamfilova fully supports the proposal of the Chairman of Party Boris Titov growth on the introduction of blockchain technology in electoral processes.
The results of a joint study by IBM Blockchain and the Official forum of monetary and financial institutions (OMFIF), published on 25 October, saying that most of the financial institutions in favour of Central banks issue their own digital currencies.
According to the newspaper Bitcoinist, in July of this year, 500,000 people in Ontario owned by the cryptocurrency. Calculations were made on the basis of a survey of more than 2,500 residents the securities Commission of Ontario (OSC). CEO of Bylls Francis Puleo argues that from 3 to 5% of Canadians own bitcoins.
According to analyst the Chicago Board options exchange (Cboe) Kevin dewitty the main cryptocurrency now less volatile than the shares of such giants as Amazon and Nvidia.
According to Google Trends, the number of search queries on the topic of bitcoin has dropped to the level that was recorded in may 2017. Compared to December 2017 downloads related to the main cryptocurrency of queries lost 93%.
Update network Monero to v0.13.0.0., known as Beryllium Bullet, resulting in lower transaction fees in the cryptocurrency ecosystem by approximately 97%. During the update the developers have implemented a network Protocol Bulletproofs.
Team Foundation launched the NEM in Australia center which will study the applications of cryptocurrency and distributed technology registry. He is in Melbourne and will work with startups that create products for business.
The company Ripple reported on the increase in sales of token XRP in the third quarter of 2018. This week it became known that to the payment system RippleNet joined the British trade and foreign exchange company MoneyNetInt, as well as Malaysian financial company MoneyМatch. Why Ripple can expect special favor from the SEC read in this article.
24 Oct Tether, the company that produces the eponymous stablein, announced on Twitter that destroyed 500 million tokens USDT. As a result, the stock of USDT in circulation for a week and a half has decreased by about a quarter, to $2 billion.
Russian metals giant Norilsk Nickel in 2019 may release its own stablemen. Cryptocurrency will receive collateral in the form of metals available to the company. As noted by the President of “Norilsk Nickel” Vladimir Potanin, it will help make the asset less volatile. Why stabilini new generation is fundamentally built on Ethereum, read this article.
Company Bitmain, Chinese manufacturer mining equipment, has released a software update for its ASIC miners (Asimov) S9 Antminer support AsicBoost, which makes mining of bitcoin more efficient.
Electronics giant AMD has revealed the financial performance of the third quarter. The company reported that its quarterly revenue rose 4% compared to the same period of the previous year, to $1.65 billion, but has not reached the expected $1.7 billion AMD connects this with the decline in demand for graphics cards for mining.
The staff of management of security “Interregional distribution power company of Volga”, part of “Rossetti”, found in the Samara region, underground mining farm. Fixing the atypical consumption, energy pay a visit to this building and saw that the transformer is replaced by a more powerful and disrupted the work of the counter that he gave incorrect information about the energy consumption.
According to Bloomberg, the mining company Bitfury is considering holding an initial public offering (IPO) as one of the strategies of business development.
Users of the cryptocurrency exchange WEX began to apply to the Russian police, as it is already more than three months can not withdraw from the site of your cryptocurrencies and Fiat money. One of the affected traders encourages other users to initiate a formal investigation and said that through the website of the Ministry of internal Affairs sent about 35 applications.
Cryptocurrency exchange Coinbase announced support on its platform first stablein. They became USD Coin (USDC) from the company Circle. Also Coinbase has received approval from new York regulators to create a specialized company that will provide services for the storage of cryptocurrencies. Presenter Crypto Trader on CNBC Africa Ren Neuner in his tweet from October 25, claims that Coinbase is going to announce the IPO.
One of the largest cryptocurrency exchanges are Brazil’s Mercado Bitcoin started to reduce the number of personnel on the background of the change of approach to customer service. Manual trading platform already fired more than 20 employees, and the first reduction started in the company last week.
David Floyd from CoinDesk tried to find out why Bitfinex, which has the most direct attitude to this stabilio displays on CoinMarketCap a few USDT/USD, which trades on the stock exchange in fact. The exchange said that the pair is a Deposit and withdrawal USDT on Bitfinex, and article is another not very good example FUDа against Bitfinex/Tether.
Investment company Temasek, owned by Singapore government and manages the national welfare Fund, delivered by the investor cryptocurrency exchanges Binance.
Journalists site Block find out to which banks resorted popular cryptocurrency exchanges. Their report brings clarity to the question of whether Bitfinex are faced with problems.
Group of development of financial measures against money laundering (FATF) has demanded from member countries to issue licenses or otherwise regulate the activities of kryptomere operating in their jurisdictions. The FATF stated “urgent need” to prevent the use of cryptocurrencies in money laundering and illegal payments for services. Members of FATF are 36 countries, including Russia.
In the Russian Union of Industrialists and entrepreneurs (RSPP) have a very negative attitude to the draft laws on cryptocurrencies offered by the government. The head of the organization Alexander Shokhin asks the Prime Minister and the Parliament to abandon the consideration of bills until at least the beginning of next year.
To the Verkhovna Rada of Ukraine introduced a bill to provide tax incentives to holders of digital assets. Under the bill, the government must introduce before the end of 2029, a moratorium on the imposition of taxes on cryptocurrency transactions. October 25, press service of the Ministry of economic development and trade of Ukraine has announced plans to initiate the adoption of the concept of state policy in the field of virtual assets, to create “the conditions for conducting activities in the field of virtual assets and virtual currencies with the purpose of legalization.”
Japan officially approved a regulation for its cryptocurrency industry. Regulatory authorities of the country decided that the Japanese Association of exchanges of virtual currencies (JVCEA) will provide an order on cryptocurrency exchanges and their compliance with the requirements of the legislation. However, the Deputy Governor of the Bank of Japan’s Masayoshi Amamiya has confirmed its negative attitude towards digital currencies from Central banks. Amamiya expressed doubts about the effectiveness of these tools, stating that they are unlikely to improve the existing monetary system.
The financial services Commission of South Korea (FSC) issued a statement in which it warned investors about the need to take precautions when investing in cryptocurrency funds. FSC believes that the public cryptocurrency funds may lead investors astray, giving his activity legal, although in reality it does not correspond to the law of South Korea’s capital markets.
Spanish authorities want to restore order in the cryptocurrency industry and force all citizens to provide information about their digital assets. The bill approved by the government of Spain.
Sweden’s Central Bank is studying the technical details of the release of the digital currency called E— krona. For the first time about the readiness to create your own token Sweden announced last spring, at the same time, a Commission was established, which began to study the technical side of the issue.
22 Oct Australian ICO— project Global Tech Exchange, intending to raise $50 million, announced that the local regulator stopped him tocancel. In the work of the Brisbane startup intervened Australian Commission investment securities (ASIC).
Top Internet censors of China reported that, as will be the regulation of the blockchain services in the country. Also, the Chinese newspaper Renmin Ribao, the main mouthpiece of the Communist party of the country, officially announced the intention to create a blockchain— lab in collaboration with technology company Xunlei Limited. It is noteworthy that in a recent trial in China, the court ruled that “bitcoin is protected by the law” because of its proprietary nature and economic values.
The previously announced company Intercontinental Exchange (ICE) cryptocurrency platform Bakkt will start work on 12 December this year. The first product on the platform will become a one-day futures contracts on the bitcoin physical delivery of the asset.
According to the site Abacus Journal, citing unnamed insiders to the Chicago stock exchange (Cboe), the approval bitcoin ETF is inevitable. According to sources, VanEck, SolidX and the Cboe has resolved all controversial issues in the dialogue with the Commission on securities and exchange Commission (SEC), so that a positive decision of the regulator is only a matter of time.
Since its launch in December 2018 bitcoin futures contrary to expectations, has not caused the market to recover. In the third quarter on the CME the Cboe and together accounted for 9,000 contracts on the day, and it is very small compared to the market traditional futures.
This year, the hackers had at least five attacks 51%, earning $19.5 million, writes The Next Web with reference to the report of experts on cyber security company Group— IB. The document notes that last year there was not a single such case.
The new York court dismissed a class action lawsuit against the team Aldona Nano (XRB), initiated by one of the investors. This is evidenced by court documents from October 22. The plaintiff accused the developers of “luring traders” to trade the coin on the exchange BitGrail, which later lost hundreds of millions of dollars in the cryptocurrency.
The Swiss authorities have allowed the state Prosecutor to issue a warrant for the arrest of two Russians from GRU accused of political espionage and money laundering through crypto-currencies.
Thursday, 25 October, Australia was arrested on 23— year-old resident of Sydney, suspected of kidnapping coins Ripple (XRP), which cost at the time of the crime around 450 000 Australian dollars ($318 000). The arrest was carried out in the framework of the ten-month investigation into the theft of 100,000 coins.
October 26 service of the financial services and markets authority of Belgium (FSMA) has added to its blacklist of potential fraudulent cryptocurrency project 21 website. Now it appears the 99 resources.
Lefortovo court of Moscow on 26 October sanctioned the arrest in absentia of one of the co-founders of the hacker group “Humpty Dumpty” Alexander Glasstech. Glazastik posted in “Humpty— Boltai” for working with cryptocurrencies: it was distributed among the participants of the bitcoins received from the sale of information.
The FBI suspects two players in Call of Duty that they helped steal more than $3 million in the cryptocurrency.
Co-founder of Ethereum and founder of Parity Technologies Gavin wood has announced that in the near future, his company will release a new DIY tool called Substrate. As a technical basis for communication Protocol Polkadot (from Parity), it is a platform for the development of the block chain.
One of the largest canadian commercial banks NBC will use the blockchain to a more responsive and transparent customer service.
Indonesian company Blossom Finance plans to issue bonds on the blockchain the platform according to the norms of Islamic law — the Sharia. Funds raised from the sale of such securities, the startup will use to Finance social projects, including waste disposal and construction of hospitals.
Articles of the week
CoinDesk asked legendary shirobana Timothy may, author of “Manifesto of cryptoanalyst”, writing to Express thoughts about white paper of bitcoin is the tenth anniversary of the creation of this cryptocurrency. In response, he 30 pages ruthlessly criticized the industry, which he considers to have lost touch with the origins. Online resource published this text, presenting it in the form of questions and answers.
Serena Dorf of Los Angeles is engaged in content that helps ordinary people to understand the world of cryptocurrencies. In his article for the site Coinspeaker it is seven ways to learn the basics of the cryptocurrency industry.
Elizabeth’malley, technology enthusiast and writer from Australia, explains in his article for Coinspeaker the necessity of studying the blockchain and its features, resulting in nine compelling arguments.
Journalist Jatin BTC Wires, Madhra interviewed Tim Draper, the famous American venture capitalist and cryptoanalyst.
Website BREAKER published “very true” story about a typical day in the life of cryptomelane, and highlighted the issue of hidden advertising in English, cryptomeria.