The new version of the draft law "On Digital Financial Assets" (CFA) may potentially limit Russians in conducting ICO . The most significant changes in the document were commented by Igor Sudets, Director of the Blockchain Lawyers Additional Education Program. One of the main innovations of the document is the refusal to mention the term "crypto-currency" . According to the expert, this will narrow the possibilities of judicial protection for bitcoin owners, although it will not create artificial restrictions for the development of the market. "I believe that this is a positive moment – it is obvious that in the…
Author: BlockchainJournal
Ripple (XRP) has completed a two-day breakthrough, which signals the continuation of the uptrend. From its downward trend line and the formation of a double bottom a ripple appeared, confirming that the bulls take control of the price action. A long green candle can also be seen on the daily chart and this indicates that a bullish pulse is increasing. But at the same time, 100 SMA continues to be well below the long-term 200 SMA. This indicates that there is every chance of resuming the sale. RSI points up, but it also affects the level of overbought. In turn,…
The founder of the Galaxy Digital bank Mike Novograts is convinced that the actions of legal marijuana producers in the US demonstrate explosive growth, similar to the dynamics of bitcoin and Ethereum in December 2017. So, he intends to open a short position against them [shares], reports CNBC . "The combined capitalization of these companies reaches $ 28 billion, while their profits are extremely small. If I had a long position, I would certainly close it. If you are a speculator, then in your place I would open a short position , "Novogratz stressed. First of all, we are talking…
At 6 o'clock on Friday, the market of crypto-currency TOP-10 is in an uptrend. Bitcoin actually continues the flat with a slight positive dynamics. During the day it grew by + 1.56% and is traded at the price level of $ 6 500 . Altkoins, thanks to the positive dynamics of the leader, rushed to beat records. In the top five, for the rest, as in the TOP, the leader is unconditionally Ripple with an amazing result of + 40.52% . The remaining assets also demonstrate good positive dynamics. Ethereum and Bitcoin Cash go toe-to-toe + 6.17% and + 6.19%.…
In the coming days, Poland's largest bank will launch Blockchain-solution for its client documents through a partnership with the British company Coinform. PKO Bank Polski, in an attempt to improve the security of these customers, will use Trudatum Coinform to record the documents of its five million account holders on Blockchain. "Blockchain offers tremendous potential for increasing the competitiveness of the Polish banking sector," the bank's vice-president commented. "This is a relatively new technology, for which new applications are constantly in use all over the world." Plans were originally made public in March, when the first issue included documents relating…
The National Police Agency of Japan showed that in the first six months of 2018, about 60.503 billion yen (US $ 540 million) were stolen in the equivalent of a crypto currency. The agency reported that the number of registered incidents related to theft of crypto currency reached 158 during the first half of this year, three times more than the recorded incidents during the same period in 2017. Apparently, for the entire period of 2017, about 5.91 million dollars of crypto-currency was stolen on the Internet, in 149 cases. The largest single incident was a record breaking of the…
The US Securities and Exchange Commission (SEC) announced the beginning of a formal process for considering the application for the creation of bitcoin-ETF from the New York companies VanEck and SolidX. Nevertheless, the agency appealed to the community for more information. This is stated in the document published on the SEC website. "Currently, this process is advisable in terms of legal and policy issues associated with the proposed changes in the rules [ Cboe BZX Exchange, Inc. ]. The beginning of this process does not indicate that the Commission has reached any conclusions on the issues raised. The commission needs…
Australia's financial observer, the Securities and Investment Commission (ASIC), issued a warning of "misleading" Initial Coin Offers (ICO) and crypto-currency funds intended for retail investors. The document was published on Thursday, September 20, on the official website of ASIC. The commission stopped collecting capital from October 2018 from 5 different ICO projects. This was done because of the absence of appropriate measures to protect investors. According to the institution, these proposals should be restructured in accordance with existing legal standards. In September, an ICO project was completely discontinued due to security problems. The document also outlines the main problems that…
The founder of the Litecoin crypto currency, Charlie Lee, said that recently, traders and funds, as well as some interested groups, "agreed" put pressure on the coin's quotes. 1 / Recently, there has been a concerted effort to suppress the Litecoin price by people / funds that are shorting LTC and by groups that see Litecoin as a threat. I will clear up this FUD and show why Litecoin has tremendous value. – Charlie Lee [LTC⚡] (@SatoshiLite) September 20, 2018 "People and funds that open short positions against LTC, as well as groups that view Litecoin as a threat, have…
On Thursday, September 20, the weighted average rate of the XRP token increased by 14.5%. The mood of investors could be affected by news about partnership with the American PNC bank and the forthcoming full-scale launch of the xRapid product. TradingView data It is worth noting that throughout September Ripple is accompanied by exceptionally positive news. So, the blocking consortium R3 withdrew lawsuits against the California company, saying that the parties reached an agreement, the terms of which are still kept secret. We add that a few days ago the financial giant SBI Holdings announced the launch of the MoneyTap…