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Mark Faber: Bitcoin could become the standard for financial transactions worldwide

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A well-known investor finally understood the creation of Satoshi Nakamoto, and this is what it led to.

73-year-old securities market analyst and investor Mark Faber bought bitcoins for the first time in his life at the end of February. He said that for years he had been trying to figure out what cryptocurrency meant, and only recently he finally understood what was happening.

In addition, he is very happy that he did not acquire bitcoins at a price of 20 thousand dollars, but only slightly more than 3 thousand dollars. Having bought Bitcoins , the most famous Swiss analyst does not intend to stop in the process of studying cryptocurrencies – and this after many years, when he not only “tried” to understand, but also was known as a crypto skeptic. He also admitted that recently the head of Xapo, Venzes Caesar, convinced him to “plunge” into the world of cryptocurrency.

Faber believes that in the future there is a chance that Bitcoin (BTC) may "become the standard for financial transactions in the world." The analyst's opinion is very valuable: he predicted the stock exchange crisis in 1987, the so-called “Black Monday”, for a very long time and correctly.

However, Faber admitted that he now “bites his elbows”, that he did not buy Bitcoin when he was worth $ 200:

"Then I began to be interested in this phenomenon, but I did not understand anything at that time."

How many now bought Bitcoin Faber – on this topic, the investor refused to speak, but said that:

"You can invest as much money in cryptocurrency as you are not afraid to lose."

The President of the Blockchain Association of Switzerland, Lucas Betshart, reacted to the news: he offered criticism of the cryptocurrency to Nuriel Roubini to follow the example of Faber and, after many years, finally buy Bitcoins and understand how they work.

It is worth noting that Faber is a conservative, and according to some information, he does not even use a smartphone.

Publication date 03/03/2019
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US SEC Commission: Some Stablecoins May Be Recognized to Securities

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According to Valery Schepanik, senior consultant for digital assets of the United States Securities and Exchange Commission (SEC), the norms of securities legislation may apply to certain types of glasscoins . Reported Decrypt .

According to Shchepanik’s classification, one stablecoin can be tied to real assets like gold or real estate, the other to fiat currency, and the third to use various “financial mechanisms that support price stability.” It is the third category, in its opinion, that can become the object of close attention of the regulator.

“I came across steyblokinoy, the value of which controls a certain pricing mechanism associated with the emission, creation or redemption of another type of digital assets tied to them. Or, it is supported by control over the ratio of supply and demand in order to keep prices in a certain range , ”said the SEC representative.

According to her, if the central side controls the steakblock's price volatility, or if the buyer is promised a guaranteed income or a controlled price, such an asset can be recognized as a security.

She noted that the agency applies equally to all cryptocurrency projects. Shchepanik also emphasized that companies should contact the agency for consultation before the release of the token , and not after:

“We would prefer that people turn to us for permission or advice before they do something, rather than do something first, and then come to ask for forgiveness.”

Publication date 18.03.2019
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Japan will consolidate the rules for cryptocurrency in the category of "cryptographic assets"

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The Cabinet of Ministers of Japan proposed amendments to the laws “On Financial Instruments and Exchanges” and “On Financial Settlements”. Thus, it is planned to consolidate a number of norms regulating the market for digital assets.

The Law “On Financial Instruments and Exchanges” is aimed at ensuring the transparency of markets and the safety of investors. It contains clear requirements for operations with derivatives and securities.

Several points may be added to Japanese law.

So, it is proposed to make cryptocurrency in a separate category – “cryptographic assets”. This is consistent with the definition adopted by the G-20 countries. Companies that deal with their exchange will receive the status of "agents for the exchange of cryptographic assets."

Cryptocurrency exchanges may be required to keep clients' funds in cold wallets. If for these purposes it is necessary to use the infrastructure that is connected to the Internet, then the assets should be provided with their own funds of the exchange.

Margin trading of digital assets is proposed to regulate by analogy with the markets of foreign currencies.

"In addition, cryptocurrency companies can prohibit the use of promotional materials that encourage speculation and indulge in dishonest practices (price manipulation, insider trading, etc.)."

Publication date 18.03.2019
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Ledger Nano S Wallet Receives Certificate of the French Cyber Security Agency

Ledger Nano S was the first hardware cryptograph certified by the French Information Systems Security Agency (ANSSI). Ledger is proud to announce that it is a wallet! The obtained CSPN certificate shows a third-party assessment of security, rather than taking our word for it. Read more here: https://t.co/PYrRcFt15u#DontTrustVerify […]

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Ledger Nano S was the first hardware cryptograph certified by the French Information Systems Security Agency (ANSSI).

As noted in the company's blog, the process of obtaining the first level of a security certificate involves evaluating a product according to several criteria, including "firewall, identification, authentication and access, security of communications and embedded software."

“We are proud to announce that ANSSI has passed independent certification ,” said Ledger CEO Eric Larshevek. “ For Ledger, safety is paramount.”

He also promised that his company would make an effort to certify the rest of its products.

Recall, recently the French manufacturer of hardware wallets Ledger reported vulnerabilities from its competitor Trezor.

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Name Price24H (%)
Bitcoin (BTC)
$3,991.63
0.00%
Ethereum (ETH)
$138.04
-0.80%
XRP (XRP)
$0.313391
-0.96%
Bitcoin Cash (BCH)
$159.34
1.74%
EOS (EOS)
$3.70
-1.26%
Stellar (XLM)
$0.115249
6.31%
Litecoin (LTC)
$59.32
-2.48%
Cardano (ADA)
$0.049676
-0.92%
Tether (USDT)
$1.00
0.04%
Monero (XMR)
$51.56
-0.09%
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