Tryptomer for the week: without Ethereum Vitalik, institutional money, the story of Roger Faith
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 it became known that institutional investors come to the cryptocurrency market through OTC transactions, the state Duma before the end of the year plans to adopt several laws on digital currencies and the blockchain, and he Buterin can leave the Ethereum.
Mike Novogratz, known for an optimistic attitude to the prospects of bitcoin, said that the main cryptocurrency reaches the five-digit mark until 2019. Novogratz explained that blockchain— companies in the bear market will be forced to sell their stocks of cryptocurrencies, “just average funding costs.”
The Ethereum network “quietly survive” without its founder, this statement was made by Vitaliy Buterin. On the question of whether he plans to retire from active work in the framework of its project, Buterin responded that “has already done it.”
The head of the International monetary Fund Christine Lagarde said that the world stands on the brink of another financial crisis (that it could happen again, says Steve Forbes). According to her, the source of risk is the rapid development of financial technology such as digital currency, and this fact reminds us that the constant evolution of the financial system requires regulators vigilance and constant observation.
Chinese bitcoin tycoon and serial investor Li Saali September 30 said it has no plans to be relevant to any blockchain— investment and to influence them. Largest owner of bitcoins expressed dissatisfaction with the fact that some market players are prone to fraud, hide behind his name.
During the conference Swell, which made bill Clinton, CEO of Ripple brad Garlinghouse said that XRP is 1000 times faster and cheaper bitcoin. He emphasized on the speed of payments and low commissions XRP transactions, which, in his words, do this coin the best.
In his address to the UN General Assembly, Prime Minister of Malta Joseph Muscat said that he sees blockchain technology tool that will inevitably allow bitcoin and cryptocurrency to become the “future of money”, received wide acclaim.
Stock market analyst Christopher Inton considered unrealistic scenario in which bitcoin will be able to deprive the yellow metal of its market share. He notes that if bitcoin really began to replace gold as a safe— haven asset, this would lead to a “seismic shock” in the investment attractiveness of gold, because the proportion of investors accounted for 40% of the total demand for the precious metal.
According to the Chairman of the Commission on trade commodity futures U.S. (CFTC) and Christopher Giancarlo, a digital currency will never leave the market. Experts believe that virtual assets in many ways superior to Fiat money and make them a worthy competition. However, he doubts that e-currency in the near future will completely replace Fiat from the market.
At the 30th annual summit Forbes senior Vice President, Federal reserve Bank of Boston Jim Cunha expressed the view that banks do not internalize the blockchain due to a number of uncertainties faced, involving the company sector. He emphasizes that everything depends on security.
The Wall Street Journal reporters believe that automated trading system to manipulate the price of digital currencies in the cryptocurrency exchanges. They refer to the absence of appropriate regulation that allows bots to crank unscrupulous schemes on a large scale.
The Financial Times in the category of “living commentary on the markets,” criticized an article from the latest issue of Fortune magazine with the strange name “Coinbase wants to be too big to fail.”
An organization called “Association Bitcoin Russia” presented its version of the most promising digital currencies. According to its representatives, the most promising cryptocurrency is now a Ripple. Bitcoin ranked second place. Closes the three leaders of the ether. Next on the list of top 10, followed by EOS, NEO, Stellar, litecoin, Bitcoin, Cash, Coin and Monero Binance.
The online edition of Cryptovibes held a curious study, analyzing the flow of funds in the wallets of hundreds of the largest holders of bitcoins from June to September.
Institutional investors come to the cryptocurrency market through OTC transactions. According to Bobby Cho, Director of DRW Holdings which engaged in such transactions, hedge funds today are gradually replacing large individual customers as main buyers of digital assets.
According to fresh survey of Fundstrat Global Advisors, 54% of institutional investors optimistic about the cryptocurrency, saying that bitcoin has already reached its lowest price this year. Big players also believe in the future growth of the main cryptocurrency.
The study BitMEX Research States that by September 2018, the blockchain startups earned in the course of the ICO for a total of $5463 million in the air (approximately 15 million ETH). Most of the startups sold the bitcoin at a higher price than its cost during the ICO. As a result, they received a profit of $727 million, while retaining in the reserves of 3.9 million live on about $830 million
Business magazine WirtschaftsWoche compared original price ICO— token German startups with prices at the beginning of September 2018 and came to the conclusion that the coins have lost up to 90% of the cost. Among the German companies only Neufund financial platform and shopping app Wysker were able to preserve the value of their tokens.
The developers of Bitcoin Core Bitcoin Core presented 0.17.0, which offers access to the function “reducing blockchain” (its weight exceeds 180 GB) through the GUI. It also became known that last week the number of addresses increased by 6.9% to 3.47 million, while the share of SegWit for the first time accounted for more than 50% of bitcoin transactions.
Live and litecoin can join bitcoin on the futures market, according to Forbes, noting that this could be a good sign for these cryptocurrencies.
Startup London Block Exchange is planning to release a cryptocurrency that is secured British pound sterling. Stablon LBXPeg will be tied to the current exchange rate of the pound that will ensure strong position of the coins on the market. London Block Exchange is also working to launch its own trading platform. In parallel, the company provides services for OTC transactions with digital currencies.
Venezuelan President Nicolas Maduro made a series of announcements about bitcoin Petro on national radio and television. Now the beginning of the public sales of the controversial cryptocurrency scheduled for 5 November. According to an announcement on the website of the government of Venezuela, users can visit the official website of Petro and even download the wallet from Google Play. The team of developers of Ethereum Joey Zhou, in turn, believes that the Venezuelan Petro digital currency actually copied from Aldona Dash.
Giant cryptocurrency mining Bitmain announced the acquisition of a startup with opensorce a Bitcoin wallet Cash called Telescope. In a press release it is reported that currently, the Telescope can run in Chrome or Mozilla Firefox, and in the future the team plans to combine it with other platforms.
According to a fresh report site ICOrating.com that evaluates various parameters of the ICO projects and trading platforms, users of cryptocurrency are not protected from intruders and 54% of kryptomere have one or the other serious flaw in the security system. Report data show that even in large markets there are problems with the protection of customer assets.
British hedge Fund Tiger Global plans to invest in Coinbase $500 million Due to this its market capitalization will reach almost $8 billion, which will make the stock exchange one of the most expensive cryptocurrency startups of the United States.
CEO Binance, Chanpen Zhao promised to run a decentralized marketplace in early 2019 or even at the end of 2018. Among the main advantages of decentralized platforms CEO Binance allocates the users ‘ freedom and their ability to fully control the funds. Its decentralized platform launch and the South Korean cryptocurrency exchange Bithumb, occupying the sixth place in the list of the largest trading platforms.
Poloniex announced that it excludes from listing multiple assets and intends to deprive a certain category of users the possibilities of trading with leverage and take out loans to margin traders through the Lending function. We are talking exclusively about the US clients. About the possible causes of this step writes the author of the website News BTC Joseph young.
Gemini began to insure digital assets of users. In a statement, the exchange notes that all crypto-currencies, which are under the control of its customers, will be insured by global company Aon.
Huobi has denied earlier the information on collusion with the manufacturers of the units of the digital currency EOS. Last week the Internet began to spread information about the fact that the producers of the EOS units allegedly participated in a pre-coordinated voting.
Representatives of the cryptocurrency exchange CEX.IO announced its intention to return to the listing litecoin. Trading platform ceased operations with the virtual asset in February of last year, noting that users are not interested in it. Now the administration of the exchange has decided to review its position as it recorded a growth of demand for money, which now is in seventh position in the ranking of cryptocurrency by market capitalization.
Russian state Duma plans to the end of the year to adopt several laws on digital currencies and the blockchain. Special attention to the Duma wants to pay attention to all details of the procedure of entry into the ICO.
Speaking in the Verkhovna Rada of Ukraine, member of the Board of the party “Movement new forces” Yuriy Derevyanko demanded to consider in Parliament a bill number 9083— 1 “On amendments to the Tax code of Ukraine regarding the taxation of transactions of virtual assets.” It provides for the exemption of participants in the cryptocurrency market until 31 December 2029.
The Supervisory body of the European Union for the financial markets announced that it has reserved more than € 1 million for monitoring cryptocurrency in 2019, as well as other phenomena associated with fanthom.
Brazilian investment funds had the opportunity to invest in digital assets. Permission was granted by the local securities Commission and exchange (CVM).
Bank of America (BoA) has given the forecast of growth of the blockchain— market to $7 billion and assumed it would play into the hands of such corporate giants as Microsoft and Amazon. BoA analysts have not yet called the time frame of this growth, although it is said that in the near future approximately 2% of the corporate servers will be used to run the block chain with an annual maintenance cost of each of them about $5500.
The Association of banks in Italy reported the successful completion of the test the blockchain platform that will increase transparency of financial transactions. In testing was attended by 14 Italian banks.
The securities Commission of Israel began to use a blockchain— based platform Yael, which aims to ensure the safe operation of the controller.
The Russian company “rosseti” will cooperate with Sberbank in the implementation of blockchain technology. Specialists of the largest Russian state banks will help energy companies to apply blockchain technology in the field of energy efficiency and improving the interaction between enterprises of the holding.
In the state Corporation “Rosatom” want to use blockchain technology to improve the quality of work of the enterprises included in its composition. The representative of Rosatom told about the acute shortage of qualified specialists in the sphere of use of technologies of the distributed registry in the country.
The Federal financial monitoring service reported that digital currencies are often used by criminal communities involved in selling drugs. In the report of the office said that Rosfinmonitoring repeatedly documented cases of the use of bitcoin in financing transactions about buying and selling drugs. In 23 Russian regions, there were particularly large amounts of use of crypto-currencies in such transactions.
According to the American Management on struggle against drugs, in 2013, 90% of all scenarios of bitcoin was tied to criminal activity, whereas now 90% have on legal financial transactions. Only in 10% of cases we are talking about illegal activities.
Also, the U.S. has released the names of seven Russians, accused of organizing numerous hacker attacks around the world. Assistant US attorney General for national security John Demers stated that the Russians bought bitcoins for a variety of programs for gaining access to classified information.
The chances of extradition of Alexander winnik in Russia decrease. In light of recent events we can assume that a preliminary decision on extradition of Alexander winnik will not take effect.
Google introduces stricter rules for developers of Chrome browser extensions. The move is designed to reduce the risk associated with cryptocurrencies breaking and cryptogamia. The company announced that it plans to make a series of changes in ways of handling extensions in the Chrome browser, and also to tighten the rules for developers who distribute the plugins via the Chrome Web Store.
Fans of online games Fortnite faced with trouble. In the report, Kaspersky Labs reported that in Cheetah the sixth season of the popular simulator survival turned out to be malicious software that can access the wallets of the players and steal bitcoins.
Why Asia leads in the number of robberies kryptomere? This question in his article meets journalist Alex Lieser, founder of the online BitcoinAfrica.io.
A selection of five triptoreline from the series “are You serious?” produced a website IBINEXNews.
Articles of the week
From the bitcoin Jesus to the bitcoin Judas: the Story of Roger Faith.
Edition of Wired talked to Bram Cohen, author of BitTorrent Protocol. Today he is working on a cryptocurrency project Chia, which is called “better bitcoin”.
Interview with will Lee, CEO and founder of Blue Whale Foundation, which is developing the world’s largest peer-to-peer ecosystem for freelancers.
Co-founder of Hover, the most popular mobile apps for managing drones and cryptocurrency trading platform ZeroBlock Dan held divided views about the energy efficiency of bitcoin and how the main cryptocurrencies could affect the global energy system.
Article about why manufacturers invest millions in asik for broadcast, and whether the blockchain Ethereum effectively resist ASIC miners.
The story of one of the three most serious bugs ever to be found in the code of bitcoin.