Connect with us


TOP 11 cryptocurrency and blockchain world news for the week of October 7-13,



Last week was remembered for dramatic events in the cryptocurrency space – $ 1.4 trillion was filed against Tether and Bitfinex for market manipulation, SEC accused Telegram of selling unregistered securities, five companies left the Libra project, US regulators presented a new guide for cryptocurrency investors in Russia proposed to introduce a single indicator of the value of bitcoin, and Ukraine plans to legalize cryptocurrency and mining by the end of 2019.

Bitcoin out of danger zone

With the course of bitcoin, everything is not so sad. The first cryptocurrency started the week below the level of $ 8.000, but quickly grew to acceptable values. In two leaps, Bitcoin managed to rise above $ 8.600, but by the end of the week it began to turn in a bit.

The graph for the past seven days looks too smooth and correct on a general scale: two equal leaps, followed by a short period of low volatility. Such a picture makes one wonder whether the behavior of quotes is another manipulation of whales. Given that we are in the cryptocurrency market, this version seems the closest to reality.

Market capitalization at the time of writing is $ 225 billion. The dominance index is 66.5%.

SEC has secured a temporary ban on TON and Telegram Gram tokens

The developers didn’t have time to publish the rules for using the Gram token wallet, as the US Securities and Exchange Commission (SEC) stated that the coins are securities.

The Telegram Open Network (TON) token sale was attended by 171 investors, including 39 US residents. The latter acquired Gram for $ 424.5 million. The organizers did not register an ICO in the SEC, which allegedly violated the US Securities Law, and refused to respond to the agenda from the agency.

The SEC urgently secured a federal court ban on distributing Gram tokens to US investors and filed a lawsuit against Telegram Inc. and Ton Issuer Inc.

The first hearing of the case will be held on October 24. Some investors suggest that Telegram will postpone the launch and go on the Blockstack startup path, eventually receiving SEC approval in accordance with the established “A +” regulation. Both companies are likely to expect fines.

Telegram, however, emphasized that it was “surprised and upset,” but they are considering a delay in launching among possible solutions to the problem.

It is known that under contracts with investors the TON launch deadline is October 31, otherwise $ 1.7 billion will have to be returned.

Prior to the conflict with SEC, Gram support was announced by custodians Coinbase Custody and Anchorage.

In Ukraine, they proposed to legalize mining and create a “crypto valley”

At a meeting of Ukrainian legislators, regulators and representatives of the blockchain industry, they proposed to develop cryptocurrency terminology, legalize mining, attract international bitcoin exchanges to the country, implement FATF standards and introduce blockchain technology into state registries.

The Ministry of Digital Transformation will present a regulatory bill by the end of this year.

On Monday, the Ukrainian blockchain association also published a bill to create a “crypto valley”.

Vitalik Buterin spoke about the transition of Ethereum to PoS

According to Vitalik Buterin, the transition to Ethereum 2.0 will only take six hours, but the actual implementation will take up to two years. The first step will be the introduction of the Proof-Of-Stake algorithm , while the ETH1 network will technically work until the ice age of complexity.

Witness data will be added to each transaction, which will allow them to be processed simultaneously on the ETH2 network.

Upon transition, the network is likely to stop completely for one hour.

CFTC recognizes Ethereum as a commodity

The United States Derivatives Exchange Commission (CFTC), represented by Chairman Heath Tarbert, recognized Ethereum as a commodity . The agency expects the launch of regulated futures on Ethereum.

He supported the opinion of the US Securities and Exchange Commission (SEC) that Bitcoin and Ethereum are not securities. At the same time, the status of many other coins is not so clear, but ultimately “similar digital assets should be treated equally,” added the head of CFTC.

According to Tarbert, the coins that appeared as a result of the fork, such as Bitcoin Cash or Ethereum Classic, regulators should perceive similarly to the original cryptocurrencies.

New ASIC Miners S17 + and T17 + from Bitmain

Beijing Bitmain introduced the new ASIC devices S17 + and T17 + . Sales started on October 11, and delivery of the first batch is scheduled for the first ten days of December.

The main product of the line is, of course, Bitmain Antminer S17 +, which with a maximum hash of 74 Tx / s is at the top of the ranking among the most efficient mining devices, even higher than the recently introduced Canaan Avalon Miner A1166 , with a capacity of 70 TH / s.

The data provided by Bitmain shows a miner high efficiency of 40 watts per TH. Operating at maximum power, the Antminer S17 + and Antminer S17 + boast an energy consumption of about 3000 watts per hour, which is provided by an integrated power source.

The second device announced, the Antminer T17 +, is a continuation of the T Antminer series, which has always had a lower starting price compared to the S17 series.

The new Bitmain Antminer T17 + ASIC for Bitcoin mining has very good characteristics similar to the old Antminer S17e, thanks to the declared hash power close to 64 TH / s. True, the device’s efficiency is lower, 50 watts per VT, and power consumption is about 3200 watts per hour.

Russia introduced a single indicator of the value of bitcoin

The single indicator for bitcoin was presented by the Russian Association of Cryptocurrencies and Blockchain (RACIB) and the Commission for the Legal Support of the Digital Economy of the Moscow branch of the Russian Bar Association.

The essence of the mechanism is to request bitcoin rates from several cryptocurrency exchanges every day for 30 days. After that, all the data obtained is carefully analyzed and at 23:59:40 Moscow time, an average value is formed, from which the cross rate to the dollar and the ruble is already calculated. Such a procedure should be carried out every day.

First of all, the value of bitcoin will be determined in this way, but not only: the rate of the cryptocurrency traded in conjunction with it will also be calculated. The creators of the system emphasize that their development will make it possible to clarify the situation on the electronic currency market, since today the cost of the same types of digital money can vary on different exchanges.

According to the developers of the new cryptocurrency valuation system, it will be in demand, and the peak of its popularity will come when the cryptocurrency in Russia begins to be used in commercial and institutional calculations.

U.S. Internal Revenue Service (IRS) updates cryptocurrency investor guide

The SEC, CFTC, and the Financial Crimes Enforcement Network (FinCEN) called on cryptocurrency service providers to comply with a number of legal requirements, including the US Bank Secrecy Act and AML / KYC / CFT.

The United States Internal Revenue Service (IRS), meanwhile, updated the guide for cryptocurrency owners , which clarified its position on forks, the value of cryptocurrencies received as income, and the calculation of taxable profits on the sale of digital assets.

The IRS believes that forks are ordinary income, taxes from which are calculated at the market price at the time of receipt. The same applies to assets received as part of airdrops.

The agency explained how to calculate the base value of the extracted cryptocurrency and each unit of the digital asset sold.

The cryptocurrency revenue column also appeared in the most common tax form 1040.

Binance Cryptocurrency Exchange Launches P2P Trading Service Supporting RMB

Bitcoin exchange Binance launched p2p trading of BTC, ETH and USDT in pairs with the Chinese yuan in an Android application.

The platform will add support for WeChat and Alipay payment systems. This should return to the Chinese residents the opportunity to trade cryptocurrencies, which they lost after a series of repressive measures by the central government in 2017.

However, Alipay immediately announced that they would block transactions related to bitcoin and other cryptocurrencies.

According to The Block analysts, before that, WeChat and Alipay deliberately turned a blind eye to the fact that large exchanges used them as a gateway for working with Chinese traders.

Visa, MasterCard and eBay quit Facebook's Libra crypto project

Earlier this week, US senators Sherrod Brown and Brian Schatz called on Visa, Mastercard and Stripe to leave Facebook's Libra digital currency project. Already at the end of the week, companies followed this advice , followed by eBay and Mercado Pago. Prior to this, PayPal refused to participate.

At the same time, Visa and Stripe emphasized that they still see the potential in the blockchain and Libra.

Calibra CEO David Marcus wrote that you should not put an end to the project, although in the short term it will significantly hit him.

Amid pressure from regulators around the world, Mark Zuckerberg will speak at the US Congress on October 23.

The lawsuit against Tether and Bitfinex

IFinex Inc., its subsidiaries, Bitfinex top management, Crypto Capital processing, and Global Trade Solutions AG are sued for a $ 1.4 trillion class action lawsuit filed by lawyers Val Freidman and Kyle Rocher, who had previously sued Craig Wright .

Tether and Bitfinex have been accused of violating the U.S. Commodity Exchange Act, the RICO Act (investing in racketeering funds), money laundering, Pump & Dump schemes, market manipulation through the issuance of USDT and deliberate fraud of investors.

Judging by the set of charges, we are talking about all the alleged crimes that the tandem committed during its existence.

The companies knew about the preparation of the lawsuit in advance and called all the claims “unfounded”.

Publication date 10/14/2019
Share this material on social networks and leave your opinion in the comments below.


Binance Exchange added the ability to purchase cryptocurrency from Mastercard



This Friday Binance Exchange announced the addition of the possibility of buying cryptocurrencies using bank cards in the Mastercard system.

The service covers 19 countries, including Russia and Ukraine. There are no other CIS countries on the list yet.

To use the option, you must log in to your personal account at , go to the “Buy Cryptocurrencies” tab and select payment using a bank card. Bitcoin, Ethereum, XRP, Binance Coin, USDT and some other assets are available for direct purchases from Mastercard cards.

Previously, users already had the opportunity to buy cryptocurrency on Binance using Russian Visa cards.

Also this morning, Binance CEO Changpen Zhao hosted another live broadcast at Periscope. Zhao’s speech mainly covered the latest achievements of the exchange, including the launch of the Binance Card , mining pool , Binance KR, OTC portal, as well as cooperation with Brave and the acquisition of CoinMarketCap . In addition, Zhao recalled the need to maintain social distance.

“We have completed the initial development of platforms, and now I think it is important for us to support mining , since bitcoin mining is now centralized. We want more players to take part in it, as well as support existing players, ” he said.

In addition, on his Twitter, Zhao shared a screenshot testifying to the preparation of the exchange for the launch of option trading.

He left no comments on this subject. In the main Twitter account of Binance, a list of tasks for testers that was “publicly available” was posted. Among other things, it includes the item “test option trading”.

Publication date 04/04/2020
Share this material on social networks and leave your opinion in the comments below.

Rate the publication
Continue Reading


TRON (TRX) cryptocurrency review – forecasts and prospects, current rate



5/5 (1 vote)

Cryptocurrency TRON (TRX) is a decentralized protocol based on blockchain technology designed to create a global entertainment network with free content.

In simple terms, TRON is a service similar to all well-known social networks and platforms where users have the opportunity to publish, view and use any available content for entertainment, for example, online games.

The TRON project is currently developing the idea of joint consumption, which is that on a single global platform, users will be able to share entertainment content.

Official TRON cryptocurrency website:

Analysts call this platform the broadcast of the modern entertainment industry. In general, the functioning of this system is as follows:

  1. The author or copyright holder publishes the result of his intellectual work on the official website. You can download anything from literary novels to an author’s song or art on a specific topic. Next, the participant uploads information about how his creation can be used (as an accompaniment to another work or as an independent product). Nearby, he indicates the price of his work.
  2. Another user who is interested in this work acquires it for the local currency Tron (TRX). However, users should remember that it is impossible to purchase this or that product on this resource using fiat money (dollar, euro, rubles, etc.). The system has its own cryptocurrency , which must be purchased at exchangers or exchanges in order to complete a transaction.
  3. As soon as the interested user has acquired the result of intellectual work, the amount indicated by him is transferred to the author’s account. The author can use the tokens at his discretion – purchase a work from another author, simply save money in his account, or exchange it for another cryptocurrency or fiat funds.

About what TRX is, initially interested in all users who are just starting their activities on the site. This resource uses several types of tokens for different purposes:

  • Tron (TRX) . This is the main currency of the system. For this currency you can buy or sell the results of your intellectual work. If necessary, the owner of a certain amount in this currency can exchange it for fiat money or other cryptocurrency.
  • Tron Power It is impossible to purchase or exchange other money for a given currency. The only way to get them is to secure the TRX currency on the site platform. In this case, they are converted to TR. The presence of such tokens gives advantages to their owner. For example, the holder of a TR has the right to vote for one or another change in the system, or to oppose them.
  • TRON 20 . Coins owned by developers. With the help of them, they create new full-fledged blockchains with new tokens.

The TRON cryptocurrency issue is limited, 100 billion coins have been issued at present. However, it is worth considering another point – starting in 2018, tokens begin to be burned (they are meant to be forwarded to an address known only to developers). The last major burn was in June last year, but how often such procedures will be carried out is currently unknown.

project team

The team of this project has on its side professionals working in various fields. The founder of the platform and the creator of TRX Coin is Justin Sun , who also created a social network with an audience of 10 million people. In 2017, Forbes magazine included Justin on his list as one of the most successful entrepreneurs, who was not yet 30 years old.

The technical director of the project is Lucien Chen , who has extensive experience in working for large Internet companies. He is perfectly versed in blockchains and the principles of functioning of cryptocurrencies.

Deus Yu , responsible for quality control, has been working in the computer games industry for a long time. According to Justin Sun, the experience of Deus will come in handy a little later, when the platform gains even greater popularity.

Charles Zhang , an adviser who is well versed in a business not related to cryptocurrencies and blockchains. He has repeatedly lectured on the basics of entrepreneurship, with which he was invited to many universities. Charles made a huge contribution to the promotion of the platform at the initial stage.

Blockchain Browser

Block Explorer is a search tool that allows you to view the addresses of wallets involved in the system, blocks, as well as data of transactions completed or committed. It can be compared with standard browsers, with the help of which an ordinary user searches for the information he needs on the Internet.

For each cryptocurrency, a personal Block Explorer is created that shows the network status for a given period of time. For the Tron cryptocurrency, such a Block Explorer is called TRONSCAN , where users can get all the information they need ( ).

How to mine Tron?

The developers of the platform did not provide for mining the Tron cryptocurrency , since they had already created all the necessary coins. In addition, the creators talked about the scheme according to which their cryptocurrency will work:

  1. 40% of the total number of coins will go on sale to enable the project to develop further.
  2. 15% of the remaining amount is allocated for acquisition by investors. Investors are players who, after the main sale of coins, will be ready to purchase tokens further.
  3. The remaining funds are “frozen” and remain in the accounts of the company owners.

Justin Sun explained that perhaps mining will be provided in the future when the company gains the necessary popularity.

TRX Token Wallets

The user can choose one of two options for storing Tron coins (TRX):

  • Storage of tokens on the exchange;
  • Creating your own crypto wallet.

With proper use, wallets provide a higher level of security. All types of wallets for Tron (TRX) are described in detail in this review .

Buying and selling TRX coins

You can buy a Tron on popular crypto exchanges , we recommend that you use the first 15 exchanges, and do not forget to install additional account protection. On the selected exchange, you must go through the registration procedure, after which you will be given a personal wallet, as well as its address.

The most popular and safe exchangers where you can buy and sell Tron:

The exchange rate of the Tron cryptocurrency against the ruble as of October 28, 2019 is 1.29 rubles per 1 coin. For a detailed analysis of the course and chart of coins, we recommend that you look at the Coinmarketcap website.

Development Perspectives and Company Roadmap

A distinctive feature of the project is its roadmap, which is scheduled until 2027. It is divided into several stages:

  1. Exodus It lasts from 2017 to 2018 and is considered officially completed. During this period, information about the project was actively disseminated, as well as developers were engaged in improving tools for using the site.
  2. Odyssey . Accounted for 2019-2020. During this time, developers will pay special attention to the economic development of the platform.
  3. Great Voyage . Captures July 2020 and ends in July 2021. Implementation of a personal ICO system, and third-party developers will have the opportunity to launch their own ICOs.
  4. Apollo It lasts from March 2021 to March 2023. Creating a decentralized exchange platform.
  5. Star Trek . It begins in April 2023 and ends in September 2025. Creation of a decentralized platform for the development of any computer games.
  6. Eternity . It starts in September 2025 and ends in September 2027. Platform users will have the opportunity to create their own playgrounds.

The developers mentioned that if these plans are implemented, a new roadmap will be created in the future, which will begin in 2028.

When analyzing the active nodes of the Tron cryptocurrency, you can notice the scale of the development of the project, where the majority of servers are located in the USA, China and Germany.

The forecast for Tron cryptocurrency from leading analysts suggests that, taking into account the current features of the crypto asset, in the future the project can absorb the entertainment market. And this means that in 2020 the value of one coin is able to stand on one level with the dollar.

Main competitors Tron

The project has two main competitors – Qtum and Ethereum . Each competing company has its own advantages, for example, the first has a more advanced platform in terms of technology, and the second wins due to smart contracts and fame.

Analysts are confident that the Tron platform will still have to fight for its users, since the developers are aimed at a specific audience. However, the Throne does not have special advantages that would distinguish the project from its competitors, which could become a serious problem in the future.


Tronix cryptocurrency has good prospects for further development, since the project itself is one of the most ambitious among others. However, at present it is not in demand. Investing in such a project will bring quite large risks, however, long-term investments can bring the investor good profit.

Share this material on social networks and leave your opinion in the comments below.

Continue Reading


The largest exchange Binance has the opportunity to deposit / withdraw deposits in rubles



5/5 (1 vote)

The Binance cryptocurrency exchange this Wednesday activated the possibility of making deposits in Russian rubles.

According to the instructions provided on the website, deposit / withdrawal of funds is carried out through the AdvCash payment system , including using bank cards. The commission for the deposit in this case is 3%, for the withdrawal – 2.5% plus 50 rubles.

To deposit / withdraw assets in rubles, you need to go to the “Buy cryptocurrencies” tab in the upper control panel or select the “RUB” currency in the user's wallet, then indicate the desired direction of payment and other necessary data.

Trading pairs for exchanging the ruble for cryptocurrencies on the Binance platform have not yet been presented.

Earlier today, CoinDesk published excerpts from a conversation with Binance CEO Changpen Zhao during his visit to Moscow last week.

“We are always looking for partners in any community, especially in Russia. Russia is a key market for us, it is one of the most active markets in the global blockchain space, ” he said then.

Zhao also confirmed that Russia is included in the Venus project, in which Binance intends to launch several regional stablecoins.

“We are working with potential issuers of stablecoin tied to fiat currency. We do this in all jurisdictions, in Russia in particular, we are looking for partners, ” he added.

Last week, Binance listed its first cryptocurrency pairs on its main platform, starting with Nigerian naira. The exchange also supports fiat trading at selected sites in Uganda, Singapore, the United States and Jersey.

Publication date 10/30/2019
Share this material on social networks and leave your opinion in the comments below.

Continue Reading

Name Price24H (%)
Bitcoin (BTC)
Ethereum (ETH)
Bitcoin Cash (BCH)
Stellar (XLM)
Litecoin (LTC)
Cardano (ADA)
Tether (USDT)
Monero (XMR)


Copyright © 2018