Leading US cryptocurrency company Coinbase confirmed the rumors about closing a cryptocurrency index fund for accredited investors that appeared earlier this week. It is reported by CoinDesk . Running Coinbase Index Fund, which allowed the United States to accredited investors work with all present and future assets in Listing Exchange Coinbase Pro (ex-GDAX), it was announced in March of this year, and the immediate work he began in June. Rumors about the closure of the fund appeared earlier this week, and now a company spokesman confirmed that he will officially stop working until the end of this month. Customers will…
Author: BlockchainJournal
The Russian government announced its intention to regulate the blockchain and cryptoindustry in the country in cooperation with the intergovernmental organization against money laundering (FATF). The special representative of the President of the Russian Federation on issues of digital and technological development, Dmitry Peskov, reported about this on the air on the Russia 24 TV channel. According to him, the partnership with FATF is considered due to the high risks in this industry, for example, uncontrolled emission and the creation of financial pyramids. Dmitry Peskov also noted that cryptocurrencies are created in such a way as not to be objects…
Belonging to the Winklevossam brothers, the Gemini Bitcoin Exchange officially announced the beginning of support for the seventh capitalized cryptocurrency Litecoin. Receipt of deposits in LTC will begin on Saturday, October 13, trades will start on Tuesday, October 16. @Litecoin (LTC) is now available on Gemini! Starting tomorrow, trading will be across all currency pairs on Tuesday. For more information, please visit our blog on @Medium https://t.co/it5xuF9Hr5 – Gemini (@GeminiTrust) 12 October 2018 As noted in the message exchange, Litecoin listing took place after obtaining the appropriate permission from the Financial Services Authority of New York (NYDFS). Litecoin became the…
The new recommendation to American companies from representatives of the Network to Combat Financial Crimes (FinCEN) states that with the help of cryptocurrencies the government of Iran endangers the global financial system. FinCEN said that every year for “malicious” purposes, Iranian residents make bitcoin transactions totaling $ 3.8 million. According to the department’s document, virtual currencies also allow the government to bypass economic sanctions. The regulator noted that American business companies, including cryptocurrency platforms, "need to analyze the blockchain registries for activity that may come from Iran." FinCEN stressed that despite attempts by the Central Bank of Iran to protect…
The last week was rather tense for Bitcoin and other cryptocurrencies, the market capitalization of all coins for the first time since September 19 fell below 200 billion US dollars. A negative mood, which is observed in the cryptocurrency market, creates favorable conditions for a bearish breakthrough. Juniper Research analysts predict a dramatic scenario for the cryptocurrency market in a recent study of trends in Bitcoin and other digital assets. Experts believe that the reduction in transaction volumes indicates an inevitable collapse by the end of this year. Meanwhile, Finder.com published the results of a recent survey conducted among crypto…
In 1988, The Economist published a forecast of the victory of the "world currency" over national currencies, writes Asiacryptotoday . "For 30 years, Americans, Japanese, Europeans, residents of many rich and relatively poor countries will be able to pay for their purchases with a single currency." A phoenix with a coin worth 10 units was depicted on the cover of the magazine, and 2018 is above the flaming dollar . Then many wondered whether by this time the market would be ready for the transition to the global currency. "All prices will not be in dollars, yen or German marks,…
For every kilogram of plastic waste, the Norwegian blockchain-start-up Empower offers one EMP token, equivalent to one US dollar. This writes today . To receive a reward, you need to deliver plastic waste to special collection points. At the same time, the blockchain technology provides transparency of the transaction, the project website says. Empower distributes coins at the expense of own funds and donations. EMP owners can use coins in the Empower ecosystem or sell them for local currency. CEO of startup Wilhelm Meyer is the founder of the volunteer eco-project of the Nordic Ocean Watch and the owner of…
The second in terms of trading volumes, the OKEx Bitcoin Exchange announced on Friday, October 12, about the delisting of Bytecoin (BCN) cryptocurrency. According to representatives of the exchange, the reason for this decision was the critical technical vulnerability of the project, which was discovered during the monitoring of this coin and remains unresolved. Delisting of Bytecoin (BCN) https://t.co/J6zL03n73B Previous announcements: https://t.co/4cvGjbYaIN #OKExannouncement pic.twitter.com/xodF2hVfDR – OKEx (@OKEx_) 12 October 2018 The OKEx report states that the BCN trades will be terminated today. Users need to cancel all open orders and withdraw coins to other platforms or to their own wallets.…
Bitcoin whales are not the cause of volatility in the cryptocurrency market. This is the conclusion reached by analysts of the blockchain-startup Chainalysis, having studied the 32 largest bitcoin wallet worth $ 6.3 billion. First of all, you need to decide who belongs to this category. Chainalysis divides the "whales" into four large groups. Here is how she describes them: Traders: these "whales" are often lured into the trade of others, engaging in the purchase and sale of bitcoins . Nine wallets owned by major traders control about 332,000 coins worth more than $ 2 billion (33% of the total…
Over the past few months, the American Securities and Exchange Commission (SEC) has significantly strengthened its efforts to hold companies accountable, which at one time attracted funding through initial offers of coins (ICO). This is reported by Yahoo Finance . As you know, in early 2018, the SEC launched a large-scale investigation into the ICO sphere, sending a number of companies with an invitation to “talk” invitations. A few months later, the department not only returned to studying the issue, but also sent similar notifications to many other startups. The main claims of the SEC come down to the fact…