As Bitcoin drops to lows that were almost inconceivable just a few months ago, crypto investors are looking for answers to the questions “Has Bitcoin reached the bottom?”, “Should I buy Bitcoin?”, Etc. The American research agency Weiss Rating has been known for its ratings for many years and a huge number of investors rely on their information when it comes to buying stocks and investing in mutual funds, as well as ETFs. Just yesterday, Weiss Rating published a post on Twitter, where it is advised to buy Bitcoin right now: #BTC has reached such low levels that…
Author: BlockchainJournal
In an interview with Bloomberg, Mike Novograc said that although Galaxy Cryptobank Cryptobank’s losses since the beginning of the year were $ 136 million , its “brainchild” did not lose money at the time of the first Bitcoin exchange rate drop by 60%. He also compared investment in cryptocurrency with drug addiction, and the current market situation with rehabilitation. “To be honest, we did an excellent job and did not lose money when the Bitcoin exchange rate fell by the first 60%. Let's not forget that bitcoin, having fallen by 84%, first lost 60%, and then another 60%. From here…
The cryptocurrency market continues to move as part of a bearish trend amid growing investor frustration. The total market capitalization of digital assets is at $ 108 billion. Moods and technical factors drive the market and create a downward spiral for virtual money. Bitcoin (BTC) over the past 24 hours fell by 0.94%, trading at $ 3,457. The first digital coin was in a narrow range from the early Asian hours amid low trading activity as investors try to find out if the market has reached bottom. The Ripple Price (XRP) hovers around $ 0.30. The coin is in…
A group of Russian deputies submitted to the State Duma a draft law on blocking websites violating legislation in the field of finance, in particular, advertising financial pyramids. The project was developed on behalf of the President of the Russian Federation, reports Medusa. According to the document, the Central Bank will be able to send demands to Roskomnadzor about locking resources, offering financial services without a license or using domains that are similar to the websites of banks to deceive. In addition, the Central Bank will be able to contact the Moscow City Court for pre-trial blocking of sites if…
Considering the increasingly strict approach of regulators to tokens and cryptocurrencies in recent years, attracting investments through Security Token Offering (STO) is a logical next step for the industry as a whole and determines the vector of its development towards a more civilized and transparent market. Especially for BlockchainJournal magazine, the analytical department of Zichain reviewed the features of the new tool and found out that it is on the way of its mass market introduction. Security Token Offering involves issuing digital assets in full compliance with the requirements of securities legislation, but does this mean that it is better…
The Financial Action Task Force on Money Laundering (FATF) recommended that the UK government implement cryptocurrency exchange regulation. The rules should help solve the problem of money laundering and terrorist financing, reports Cryptovest . In total, the FATF developed 7 recommendations for the UK, among them “extending the AML / CFT requirements to virtual currency exchanges and monitoring their implementation.” Now the UK is obliged to introduce monetary control, it is one of the obligations to the European Union (EU). The fifth revision of the EU Anti-Money Laundering Directive (AMLD) provides for mandatory control measures for crypto-fiat markets. However, operators…
Following the recent announcement of the Tron Accelerator contest, the Tron network is moving forward at a fast pace. TRX is also one of the few cryptocurrencies that maintain a stable price against BTC in a bear market. In a recent interview for CodeXpert, Tron spokesman Tom Mao, who is involved in technical writing and the media department, said that: Tron solved the scalability issues that were present in Bitcoin and Ethereum. These old coins lead to inefficient use of energy and the creation of centralized mining cartels. We solved all these problems on Tron using a unique system where…
The US Commodity Futures Trading Commission (CFTC) has expressed a desire to learn more about Ethereum and its underlying technology, as well as about the markets that have been created around it. It is reported by CoinDesk . In a request for relevant information published on Tuesday, December 11, the regulator explains that it wants to receive public comments on various questions regarding Ethereum – from technology to its application. CFTC took 60 days to provide answers, you can send answers either by e-mail or by regular mail, or you can transfer it physically. “The CFTC expects the comments and…
The well-known US cryptocurrency exchange Kraken is considering the possibility of a private placement of securities, reports Finance Magnates . The company sent letters to the largest customers, which told about a new investment opportunity. In particular, Kraken users are invited to participate in an online survey before receiving additional information about private placement. Representatives of Kraken emphasize that the stock exchange does not particularly need financing. However, given the bear market and "significant reserves", Kraken is considering various opportunities for new acquisitions. $ 4 billion valuation In letters to customers it is noted that the placement will be carried…
According to the Assistant to the Russian President and Chairman of the Supervisory Board of the Digital Economy Autonomous Non-Profit Organization Andrey Belousov, State Duma deputies should adopt bills on digital currencies , crowdfunding and smart contracts as a matter of priority. The official voiced this position during his speech at a meeting devoted to summarizing the work of the organization’s Supervisory Board. The meeting was held last week, special attention was paid to drawing up a list of priority bills on the legalization of digital assets. The meeting was attended not only by representatives of the government and the…