Bloomberg recognized Bitcoin as a fundamental asset that “will not disappear anywhere” 5 (100%) 1 The Bloomberg news agency, whose publications usually have a neutral or cautious attitude to cryptocurrencies, published an article that directly states: Bitcoin is not a temporary phenomenon, but something worthwhile, only this can explain the upward correction that this cryptocurrency did. Among the reasons for such growth is named such factors as too "heavy" tax laws in the United States. Due to the fact that in Washington’s political circles additional taxes on wealth are being discussed, wealthy people are again interested in offshore jurisdictions, and…
Author: BlockchainJournal
Cuban authorities are exploring the possibility of cryptocurrency to bypass US sanctions and mitigate the effects of the economic crisis, reports Reuters. “We are exploring options for using cryptocurrency in our national and international commercial transactions. We are working on this together with scientists, ”said Minister of Economy Alejandro Gil Fernandez. However, according to the official, cryptocurrencies are considered only as one of the components of a broad plan […]
Russia will not prohibit Libra cryptocurrency, token awaits regulation and legalization 5 (100%) 1 According to the Russian news agency Interfax, Deputy Finance Minister Alexei Moiseev said that the Facebook Libra cryptocurrency will not be subject to any restrictions. “No one is going to impose a ban [on Libra]. A large number of companies are asking when, finally, it will be possible to conduct an ICO transparently [the initial offer of coins]. The currency will definitely be regulated, legalized. That is, it can be bought, sold, saved, but can not be used. It is necessary to form a white market.…
IMF recognizes the importance of cryptocurrency in the global financial system 5 (100%) 1 The IMF went beyond recognizing that cryptocurrency is a significant factor in the financial picture of the world. The International Monetary Fund published on the official website a study that demonstrates a serious reversal of the organization’s analysts towards cryptocurrency. Recall that in June last year, the chief strategist of the organization, Martin Mülesen, wrote an article in which he unequivocally put cryptocurrencies on a par with other technologies that had a significant impact on all of humanity, including the invention of the steam engine and…
London-based hedge fund Prime Factor Capital has become the first cryptocurrency investment firm to be approved by the UK Financial Supervision Authority, Bloomberg reports. The company will be regulated by the British financial regulator as a full-fledged manager of an alternative investment fund, and will also be subject to the laws of the European Union. Thus, Prime Factor Capital will be able to hold assets of more than 100 million euros under management. "We […]
Belonging to the Winklevossam brothers, Gemini Bitcoin Exchange will apply for a broker-dealer license, which will allow it to operate as an alternative trading system and offer clients securities on the blockchain. It is reported by CoinDesk. The appeal will be sent to the Financial Institutions Regulatory Agency (FINRA). Earlier, Gemini has entered into a partnership with a specialist in the tokenization of real world assets […]
Arthur Hayes, BitMEX Crypto Exchange CEO, believes that the new Libra crypto project from Facebook could destroy central and commercial banks. In a conversation with representatives of Bloomberg, Arthur Hayes said that after Libra presents its token, the situation in the financial world will change – according to Hayes, Libra has the potential to destroy traditional banking institutions. In addition, Hayes commented on the recent rise in Bitcoin. He believes that the increase in value was caused by the activity of retail investors who are returning to the market, noticing the first signs of a bullish movement. He also believes…
Binance, the largest crypto exchange in trading volumes, is preparing to launch a platform for trading crypto futures. As part of his speech at the blockchain summit in Taipei (Taiwan), Changpeng Zhao, general director of the Binance cryptocurrency, presented the interface of the future platform for trading crypto futures. The functionality of the new product suggests the possibility of creating long and short positions. Zhao noted: “Very soon, Binance will present a platform for trading crypto futures. There is no exact date yet. Access to the test version of the platform will appear in a few weeks. ” As confirmation,…
Bitcoin domination index (BTC) rose to a record high since December 2017 5 (100%) 1 The dominance of the largest cryptocurrency at the beginning of the new week rose to the highest level in the last 18 months. At the time of this review, the Bitcoin dominance index (BTC) was 61.5%. The main reason for the strengthening of BTC was the weakening of investor interest in altcoins . The bullish BTC run was replaced by a negative correction, as a result, the coin fell below $ 11,000. But the biggest losses on Monday, July 1, still suffered the altcoins. For…
The Ukrainian cryptocurrency exchange Kuna has littered the Paytomat (PTI) token. Trading in PTI / BTC and PTI / UAH pairs is already available to customers of the site. In honor of the launch of trading, Paytomat holds a campaign, in which the 10 most active traders will share a prize fund of 500 thousand PTI among themselves, another 500 traders will receive 500 PTI each. "To take part in the trading […]