The Japan Financial Services Agency officially issued a permit for self-regulation of the cryptocurrency industry, providing the Japan Virtual Currency Exchange Association (JVCEA) with the ability to control cryptocurrency exchanges within the country. JVCEA, which consists of 16 licensed stock exchanges in Japan, is classified as a “certified fund settlement business association”. She is authorized to create work rules for cryptobirth, providing customer protection and eliminating insider trading and money laundering. This event has already received coverage in social networks: “Such large economies as Japan and South Korea are helping the growth of domestic crypto banking, those who act differently…
Author: BlockchainJournal
Chairman of the Financial Market Committee Anatoly Aksakov, who is also one of the authors of the draft law “ On Digital Financial Assets ”, explained why the concepts Bitcoin and Mining were excluded from the document. “There are bitcoins, there is ether, there are many cryptocurrencies, the essence of which raises big questions. They are not provided with anything, and we see that because of the so-called HYIP, when a lot of attention, excitement, led to the rise of quotations for these cryptocurrencies, Bitcoin cost almost 20 thousand dollars. He has now plummeted, HYIP is fading away, interest in…
Dash Core Group CEO Ryan Taylor (Ryan Taylor) believes that the release of digital currencies of central banks (CBDC) is “the inevitable future,” but people will decide what form of money to use. He said this in an interview with Cointelegraph. Taylor said that Central Banks have certain advantages in issuing their own cryptocurrencies , but questions remain about what form it will take and how the market will react. At the same time, “the free market can ultimately create better money than the government,” he noted. “I really think it is inevitable. they [governments] are all moving – either…
According to the creator of Bitcoin Talk Radio, Jim Blasco, closer to the end of 2020 or in the first quarter of 2021, the price of Bitcoin can reach a peak of $ 100,000 – 200,000. In his predictions, Blasco proceeds from how mining awards are calculated in the main cryptocurrency network . Blascoe believes that change will come when the reward for the mining block is halved – from the current amount of 12.5 Bitcoin to 6.25. He believes that whenever the reward is “halved,” cryptoinvestors and miners recall the finiteness of the stock of coins. At this moment,…
Tether Limited burned 500 million tokenized American dollars USDT. Details of the relevant transaction are available here . Tether has just destroyed USD 500m from the Tether treasury wallet with the following tx: https://t.co/HTG52LaRVh For more information see the announcement here: https://t.co/McLTCGzmJi – Tether (@Tether_to) 24 January 2018 р. The official statement said that approximately 466 million USDT remained in Tether treasury, which will be used for future emissions. The company stressed that the process of destruction and release of new tokens is clearly prescribed in the whitepaper. Some users of social networks have expressed the opinion that it is…
Bitfinex Bitcoin Exchange introduced a new set of open source libraries for testing and implementing trading strategies. For example, it’s not a problem, but it’s not a problem. https://t.co/tNYeAK4o0r – Bitfinex (@bitfinex) 24 January 2018 r. The bfx-hf-strategy, bfx-hf-backtest and bfx-hf-data-server libraries will complement the toolkit for high-frequency trading of the Honey Framework presented last week. These libraries enable users to create trading strategies that respond to market changes, as well as use the bfx-hf-indicators indicators in them. The developers emphasize that so far this is only the alpha version, respectively, the contents of the libraries can be significantly changed…
The cryptocurrency market is still subject to the influence of short-term volatility surges, but at the moment consolidation is worsening. Exit from the local range may “stumble” on the border of the mid-term outset. And only a breakthrough of the key levels of support or resistance will show the real moods of the participants of the crypto market. A further RoboForex analyst Dmitry Gurkovsky will tell about further possible scenarios for the price movement of several popular altcoins. Bitcoin Cash On the hourly timeframe it is clear that consolidation continues. The short-term situation demonstrates the completion of a local downtrend…
The Russian Union of Industrialists and Entrepreneurs (RSPP) has sent to the Prime Minister of the Russian Federation Dmitry Medvedev a project to regulate the market of cryptocurrencies , according to RBC. In the letter, the head of the Russian Union of Industrialists and Entrepreneurs, Alexander Shokhin, criticized the bill passed by the State Duma deputies in the first reading. He stated that the draft law includes strict rules for regulating digital assets and the release of tokens . According to him, due to high standards, Russian jurisdiction will become unattractive for market participants. The head of the union added…
In the medium term, the price analysis of Cardano cryptocurrency (ADA) is quite optimistic. Yesterday, on a 4-hour chart, the cryptocurrency showed a bearish trend, the ADA price was stopped in the demand zone at a level of $ 0.073. Then the bulls were able to push the price above $ 0.08. Today's price increase continues, and the formation of a symmetrical triangular pattern is confirmed on a 4-hour chart. The cryptocurrency is trading between $ 0.080 in the upper supply zone and $ 0.075 in the lower demand zone. It should be noted that a breakthrough in the upper…
The Taiwan Financial Supervision Authority (FSC) is developing rules for regulating the scope of initial proposals rubs off (ICO), planning to make fundraising campaigns completely legal and extremely simple. It is reported by CCN , citing local media. According to FSC Chairman Wellington Koo, the regulatory framework is needed in order to simplify the investment process and to give tokens more liquidity. He also noted that the regulation of utility tokens will not be spelled out in the new rules. “The commission does not intend to limit the creativity and performance associated with cryptocurrencies, if it is not used as…