The leading manufacturer of Bitcoin mining equipment Bitmain suffered losses in the first two months of 2019 totaling $ 625 million. Nevertheless, the company expects that high demand for new 7-nm devices will allow it to finish the year with positive results, writes Cryptoglobe with reference to local media. So, according to WeMedia, with cumulative operating income […]
Author: BlockchainJournal
The Central Bank of China said it would accelerate the research and development of its “legal digital currency,” a statement released by the People’s Bank of China (PBoC) said. On August 2, a video conference was held at the central bank to discuss the main tasks of the financial institution for the second half of 2019. During the event, top management specifically mentioned cryptocurrencies , stating that PBoC would “closely follow global cryptocurrency trends.” Last month, Wang Xin, director of the bank's research bureau, said that the bank is considering developing its own cryptocurrency in the light of the Facebook…
Representatives of the People’s Bank of China (PBoC) confirmed their intention to speed up the development of their own digital currency, which, as experts suggest, is likely to replace traditional paper banknotes. This writes the AMBCrypto, citing the statement of the Central Bank of China on August 2. Also, China’s financial regulator noted that it will track the latest trends in the development of virtual currencies – like […]
The co-founder of Morgan Creek, Anthony Pompiano, believes that central banks will start buying bitcoins in the near future. On Twitter, he wrote that with the help of alternative assets, financial regulators are trying to hedge the dollar risks that have emerged amid tensions between the US and China. In addition to bitcoin, gold is also becoming a popular asset, in which central banks have already invested more than $ 15 billion. In the near future, we will see how they will increase the purchase of BTC . Central banks bought more than $ 15 billion of gold in the…
Ethereum founder Vitaly Buterin believes that the future of cryptocurrencies is in their “diversity and pluralism”, thus making it clear that he supports the Blockade Games developer’s proposal to merge the second bitcoin layer of the Lightning Network with the Ethereum blockchain. Earlier this week, the team Blockade Games, which is working on the game Neon District, described in its blog the process of implementing the Lightning Network […]
In early August, US President Donald Trump again tweeted that he would increase duties on Chinese goods, and the price of Bitcoin instantly rose by $ 400. Trump announced that it will be duties on goods worth $ 300 billion, and they will be introduced from September 1, 2019. The duty will affect all goods from China. However, the news, which is negative for consumers, is becoming positive for the price of Bitcoin. The proposed duty allegedly is just a “small tax”, and Trump threatens to increase it by 25% during a trade war. … buy agricultural products. In addition,…
Prime Minister Dmitry Medvedev instructed the Ministry of Finance and the State Duma to adopt the draft law “On digital financial assets” before November 1, 2019, which follows from the minutes of the meeting with the Prime Minister. The minutes of the meeting said : “The Ministry of Finance of Russia (A. Siluanov), together with the State Duma, to ensure the adoption of federal law No. 419059-7“ On digital financial assets ”. Deadline – November 1, 2019. " Anatoly Aksakov, who was present at the meeting with the Prime Minister, the head of the Duma Committee on the Financial Market,…
According to the observations of analysts at Binance Research, bitcoin, gold, Japanese yen, Swiss franc and 10-year US Treasury bonds immediately after Donald Trump's tweet increased almost simultaneously in value. $ BTC has rallied together with multiple safe-haven assets after Trump's latest tariff storm. Will the trade war continue to be a catalyst for # Bitcoin's price growth? ? pic.twitter.com/Ghf0eqvazF […]
OKEx cryptocurrency exchange announced delisting of more than 30 low-liquid pairs traded mainly with ETH and OKB. We will delist several countries in the world. The affected trading pairs are as follows: https: //t.co/gcXqlbf2bS – OKEx (@OKEx) August 2, […]
In the UK, they concluded that Bitcoin (BTC) and Ethereum (ETH) cryptocurrencies do not require regulation, while utility tokens and some staylcoins need a set of rules. The British Financial Conduct Authority (FCA) has published a final guide for those who deal with cryptocurrencies . In it, all digital assets are divided into two groups. The first group includes only Bitcoins and Ethereum, which are defined as “digital tools for transactions with goods and services”. It is emphasized: "These cryptocurrencies are decentralized , and their functionality as a means of payment is advantageous in their nature." On this basis, analysts…