The European Central Bank wanted to learn as much as possible about digital currencies in order to develop the most effective system for regulating relations in the industry. The Central Bank published a report in which it emphasized that there are currently a lot of gaps related to the regulation of the blockchain industry. The presence of such “white spots” carries great risks for the entire economy of the eurozone, since criminal structures can use cryptocurrencies. At the end of May, the ECB released a similar study, which noted the need for a unified approach to cryptocurrency regulation. In a…
Author: BlockchainJournal
Another study by Bloomberg experts came to the conclusion that Bitcoin is becoming an attractive asset for investment in a period of economic turmoil. For the first time, an increase in the correlation of bitcoin and gold by experts Matthew Brucker and Tim Kulpan was discovered three years ago: “At that time, British voters had just made an unexpected decision to leave the European Union. The pound fell, and the rest of the world was in a panic, trying to understand what all this meant. At that time, we were not convinced that Bitcoin joined gold as a safe haven…
Recently, the US Federal Reserve System (FRS) for the first time since the financial crisis of 2008 and for the first time in the history of bitcoin lowered its base interest rate by 25 points – from 2.25–2.5% to 2–2.25%. At first glance, it may seem strange and far-fetched to analyze the effect of lowering rates on bitcoin . It would seem, how can this affect bitcoin, which was created as a response to the imperfection of the policies of central banks and the global financial system as a whole? Moreover, digital gold is almost not correlated with traditional financial…
Binance Cryptocurrency Exchange intends to open a new office in London in the near future. This was stated by the head of the company Changpen Zhao in a conversation with CoinDesk. According to the head of the popular exchange, the decision to open an office in the UK is dictated by regulations recently introduced by the UK Financial Regulatory and Supervisory Authority (FCA), which Zhao called "very good." "I hope, […]
In an interview with CNBC, Circle co-founder and CEO Jeremy Alleier talked about how there has been a tendency in China to “soften” its tough stance on cryptocurrencies . “Recently, a Chinese court ruled that Bitcoin (BTC) in China is regarded as property protected by law, and this is a very important point. We saw that one of the largest commercial banks, the Bank of China, began to talk about the advantages of bitcoin, its risks, as well as its role in the world. ” Back in 2017, the Chinese government banned ICOs and bitcoin trading. In addition, China began…
The correlation between digital and physical gold has almost doubled in the last 3 months. This is evidenced by data from Bloomberg. According to statistics, over the past year, the correlation between the BTC cryptocurrency and gold was at the level of 0.496. Over the past 3 months, this indicator has increased almost 2 times, reaching 0.837. Bloomberg notes that during the year, the correlation between the two assets reached different indicators. Inverse correlation of assets was observed in the region of 49% of the entire considered period of time, correlation during the fall – 22%, during the rise -…
The European Central Bank (ECB) published a report entitled “Understanding the phenomenon of cryptocurrencies, risks and measurement problems”, which notes the need for continuous monitoring of the development of the crypto industry. In particular, ECB experts pointed out the need to improve and expand the cryptocurrency transaction monitoring tools by the “community of central banks”. One of the main problems for monitoring the processes occurring in the world of digital currencies are serious gaps […]
On the Telegram TON Board channel , a comparative table of sales of various Gram tokens has appeared. The analysis was conducted by investors of the Telegram Open Network (TON) on seven public offers on the market. In fact, Gram tokens have not yet been officially released, but pre-sales have already begun. In fact, the ICO ended some time ago, so the acquired tokens partially entered the market, even if the issue was not issued. The first presale was on the Liquid cryptocurrency exchange, which launched on July 10 at a price of $ 4 per token . In addition,…
On the eve of the network, information began to appear that a large cryptocurrency exchange Binance was allegedly attacked by attackers, as a result of which they managed to seize the KYC data of the exchange’s clients. The alleged data theft was commented on by Binance representatives. They said that on the eve of someone demanded that Binance 300 BTC in exchange for the fact that allegedly stolen user data would not be disclosed. The company draws attention to the fact that when comparing materials, inconsistencies were found. The ransomware did not provide any evidence that the data is actually…
According to a study by technology company Comparitech Limited, 85.5% of the comments related to cryptocurrencies and cryptocurrency market news are positive in color. According to analysts, in general, public sentiment regarding cryptocurrencies is “extremely positive”. And this is despite the high volatility and a downtrend that cryptocurrencies showed last year, as well as the comments of some authoritative critics. The purpose of the study was to quantify the positive and negative public moods surrounding the crypto industry. The study was based on an analysis of comments on the Reddit forum and industry-specific media from January 2017 to July 2019.…