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Top 7 news of the world of cryptocurrency and blockchain for the week from October 1 to 7,



Digest of the main events in the world of cryptocurrencies and blockchains for the week from October 1 to 7 – client release Bitcoin Core 0.17.0, proposals for regulation of cryptocurrencies in Russia and Ukraine, start of commercial use of the product xRapid from Ripple, news of two cryptocurrency exchanges and agreement between the two Hyperledger consortia and Enterprise Ethereum Alliance.

Bitcoin rate did not respond to SEC decision to extend consideration on Bitcoin-ETF

The past week for bitcoin quotes was marked by a flat in the range of $ 6,400 – $ 6,600 and a record low volatility, which reached a 17-month low.

The first cryptocurrency did not respond to the decision of the US Securities and Exchange Commission (SEC) to extend consideration of applications to open Bitcoin ETF from the companies ProShares, GraniteShares and Direxion.

It is noteworthy that a similar absence of any sudden movements was observed even after the SEC applied to the community for more information on the application of the New York companies VanEck and SolidX.

The release of Bitcoin Core 0.17.0

The key event of the week for the first cryptocurrency was certainly the release of the Bitcoin Core 0.17.0 client.

This time, the developers implemented the “branches and boundaries” algorithm to calculate the commission for each transaction exit before they are merged and get as close as possible to the amount requested by the sender.

After upgrading to a new version, users will be able to create wallets at any time convenient for them using the graphical interface and use hierarchical deterministic (HD) wallets.

Also in 0.17 added support for partially signed bitcoin transactions and addresses in the watch-only format, allowing to keep track of the balance, but at the same time keep private keys offline.

The full version of the Bitcoin Core 0.17.0 changes can be found on GitHub .

Meanwhile, at the Scaling Bitcoin conference in Tokyo, well-known developer Mark Friedenbach presented Forward Blocks' Bitcoin scaling solution, which, he said, will increase block size, migrate to hybrid PoW algorithms and integrate other large-scale changes exclusively through soft forks and "forward chains" shards

Cryptocurrency regulation in Russia, Ukraine and Brazil

By the end of this year, the Russian State Duma plans to immediately adopt 9 laws on digital currencies and the blockchain. The State Duma wants to pay particular attention to the elaboration of all the details of the procedure for entering companies on the ICO.

Speaking at the Verkhovna Rada of Ukraine, Yury Derevyanko, a member of the board of the Movement of New Forces Party, demanded to consider in Parliament the draft law No. 9083-1 “On Amendments to the Tax Code of Ukraine regarding the taxation of transactions with virtual assets”. It provides for tax exemption for participants in the cryptocurrency market for 10 years until December 31, 2029.

The EU supervisor for financial markets reported that it had reserved more than 1 million euros for monitoring cryptocurrencies in 2019, as well as other phenomena related to Fintech.

Brazilian investment funds were able to invest their capital in digital assets. Permission was granted by the local Securities and Exchange Commission (CVM).

The launch of Constantinople Ethereum hardfork on the test network was postponed until October 14

Activation of the massive Constantinople upgrade on the Ropsten test network was delayed due to a vulnerability found in the update code.

Probably, the node operators in the test network will first test solutions for off-scale scaling of Raiden and prepare for a possible chain break.

The developers postponed the launch on October 14, roughly to block number 4 230 000.

Parity Technologies, in turn, introduced an early version of the update Casper in its blockchain platform Substrate, combining the upgrade with sharding. The so-called Shasper, they say in the company, is still just a “base frame”.

Ripple implements its solutions

MercuryFX, Cuallix and Catalyst Corporate Federal Credit Union have begun commercial use of the xRapid product based on the XRP token from a California startup Ripple .

MercuryFX specializes in international payments, Cuallix settles between the United States and Mexico, while the Catalyst Corporate Federal Credit Union provides financial services to about 1,400 credit unions, mainly in the western and southwestern regions of the United States.

The head of Ripple, Brad Garlinghouse, emphasized that XRP token transactions are a thousand times cheaper and faster than with Bitcoin.

This week it also became known that the Japanese banks SBI Sumishin Net Bank, Suruga Bank and Resona Bank started using the Ripple MoneyTap mobile payment application.

However, after a powerful rally at the end of September, the XRP price showed a moderate decline on the weekly chart.

News of cryptocurrency exchanges

According to the latest report of the site, which assesses the various parameters of ICO-projects and trading platforms, users of cryptocurrency are not protected from intruders: 54% of cryptobirds have one or another serious flaw in the security system. The report data shows that even large exchanges have problems with the protection of clients' assets.

British hedge fund Tiger Global intends to invest $ 500 million in Coinbase. Due to this, its market capitalization will reach almost $ 8 billion, which will make the stock exchange one of the most expensive cryptocurrency startups in the United States.

The general director of the largest cryptocurrency exchange Binance Changpeng Zhao promises to launch a decentralized trading platform in early 2019 or even at the end of 2018. Among the main advantages of decentralized platforms, Binance CEO highlights the freedom of users and their ability to fully control the funds. South Korea’s cryptocurrency exchange Bithumb, which ranks sixth on the list of the largest trading floors, will launch its decentralized platform.

Poloniex announced that it excludes several assets from the listing and intends to deprive a certain category of users of the possibility of trading with leverage, as well as to refuse from the service of providing loans to marginal traders through the Lending function. We are talking exclusively about customers from the United States. About the possible reasons for this step writes the author of the site News BTC Joseph Young.

Gemini began insuring digital user assets. In a statement the exchange notes that all cryptocurrencies that are under the control of its customers will be insured by the global company Aon.

Huobi denied earlier information about collusion with manufacturers of digital currency EOS . Last time, information about the fact that manufacturers of EOS blocks allegedly participated in a pre-coordinated voting began to spread on the Internet.

Representatives of the cryptocurrency exchange CEX.IO announced their intention to return to the listing of lightcoin . The trading platform ceased operations with this virtual asset in February last year, noting that users show no interest in it. Now the administration of the exchange has decided to reconsider its position, as it has registered an increase in demand for lightcoin, which is now in seventh position in the cryptocurrency rating for market capitalization.

Agreement on blockchain consortia EEA and Hyperledger

The world's leading blockchain consortia, Enterprise Ethereum Alliance and Hyperledger, intend to create common standards for enterprise distributed networks. Organizations are convinced that cross-platform collaboration will accelerate the massive adoption of blockchain technologies in the business environment.

Each organization became part of the other as an associate member.

“Our organizations have similar goals, such as expanding and strengthening the community, as well as wider adoption of corporate blockchain technologies. We hope to convey the idea of ​​the inaccuracy of the opposition between the EEA and Hyperledger, ”the organizations said in a joint statement.


Robert Kiyosaki: Bitcoin will be the future of finance, unlike real estate and gold



Robert Kiyosaki, author of the best-selling book Rich Dad, Poor Dad, said real estate and gold investments cannot be the future of finance, as cryptocurrency has come into the spotlight. The entrepreneur, who several times this year called the ideal investment portfolio to invest in gold, real estate and bitcoin, now believes that only cryptocurrency will strategically win.

In an interview with Anthony Pompliano, managing partner of cryptocurrency investment company Morgan Creek Capital, Kiyosaki said that you really need to look “beyond the horizon” of the current financial situation. He admitted that it was not easy for him to understand the phenomenon of cryptocurrencies, but nevertheless he made an effort, conducted an analysis and made certain conclusions.

According to Kiyosaki, bitcoin will reach the level of 75 thousand dollars within three years.

“It is very important to understand how cryptocurrencies work, as the financial world is already starting to change. Those investors who will continue to rely on gold and real estate will find themselves outside the main changes in the sphere of global finance. ”

The entrepreneur made his forecast while on July 9 a troy ounce of gold reached almost a 9-year high (about $ 1800), if we do not take into account the accumulated inflation in the US dollar.

Meanwhile, the precious metal has not reached the historical maximum of 2011, since for this formally a troy ounce it is necessary to rise above $ 1900, but in fact – it is sure to overcome the mark of $ 2050, given the accumulated devaluation in the US currency.

Recall that entrepreneur Kim Dotkom and billionaire Mike Novogratz declared their investment preferences in the form of gold and cryptocurrencies .

Date of publication 07.15.2020
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Staking and cryptocrediting – which is more profitable than stablecoins or PoS cryptocurrencies?



In this article, we will consider the prospects of cryptocurrency staking as a new way of passive earnings, about the differences between staking and cryptocrediting, as well as about the main platforms designed for this.

If you have not been interested in staking before, then a variety of coins and platforms that support this type of passive income can make you dizzy. And with the advent of stablecoins, the choice has become even wider. What type of coins is better in terms of profit and risk?

Cryptocurrency Staking in 2020

A year ago, cryptocurrency staking was much simpler than now. The cryptocurrency market was attended by only a few specialized platforms, a pair of popular cryptocurrencies and approximately the same rate of return.

But these times have passed: in 2020, staking has grown into a serious segment of the crypto industry for several reasons.

  • Firstly, the market now has more than 30 PoS coins that support the possibility of staking.
  • Secondly, many kriptobirzh now there own PoS-nodes – an interesting alternative to special steykingovym platforms.

Moreover, now investors are provided with staking and deposit accounts in stablecoins, which allow minimizing risk and getting profitability at the level of PoS-coins or even higher. What to choose?

To find out, you need to compare the two main options on the market (PoS coins and stablecoins), according to a number of clear criteria. However, an important reservation must first be made about the nature of staking.

Staking and cryptocrediting are not the same thing

Coins that use the Proof-of-Stake (PoS) consensus algorithm – Tezos, Cosmos, BIP, and LOOM – initially support staking. While the value of stablecoins is tied to a specific asset – for example, to the US dollar.

Stablecoins are not available for styling, but loans – coins are issued as a loan to another user who pays a deposit in response. However, for investors there is no particular practical difference between staking and lending. That is why one can hear on the cryptocurrency market, for example, about “USDC staking”.

Real ROI and Volatility

Let us compare the return on investment in PoS coins and stablecoins and how this indicator is affected by the volatility inherent in the crypto market.

  • PoS coins . Each coin has its own nominal rate of return built into the algorithm. For example, for Cosmos (ATOM) it is 8.35%. However, a really important value is the real profitability, which is calculated on the basis of price changes for any period. For example, if you invested $ 10,000 in the stake of ATOM coins on January 1 of this year, then by June 1 you would have received a nominal income of about 3.5%. Instead of 2309 coins, you would have 2390. However, over the same period of five months, the price of a coin fell by more than 30%: from $ 4.33 to $ 2.96. The cost of the steak, along with interest, would be only $ 7075, and the real ROI would drop to -30%.
  • Stablecoins . Everything is simple with them: what rate is declared, the investor receives such ROI, minus the platform commissions. On cryptocrediting platforms, the rates are quite stable and allow you to predict income: for example, if you pay 1.94% per annum for USDC deposits on Fulcrum platform, then your profit in dollar terms will also be 1.94%, unless something out of the ordinary happens the USDC coin will not lose its peg to the US dollar.

Verdict: on average, the real ROI of stablecoins is higher and more predictable, as there is almost no volatility. A PoS coin can suddenly increase in price and bring profitability of 20% or more, but it can also lose half its value.

Number of platforms available and conditions

Next, we compare the number of available platforms for staking PoS coins and stablecoins and the conditions that they offer to holders.

PoS Coins

Dozens of platforms offer staking popular coins like Tezos and Cosmos. These sites can be divided into two categories:

  • Specialized sites are Staked, Staking Lab and Dokia Capital, among others.
  • Crypto exchanges – Bitfinex, Kraken, and KuCoin are among the smaller platforms.

Of course, platform competition is good for investors, but such a wide choice also means that you have to spend more time searching for information.

Having chosen a coin, it will be necessary to study the rates of return taking into account the commission at different sites, as well as assess the risks of each of them. Moreover, commission rates on different platforms can vary greatly, which affects the investor’s income. For example, for the ATOM coin, the Binance exchange promises a yield of 6–9% per annum, while on Stakin this figure will be 9.1%, and on – only 6.1%.


This type of digital asset can be deposited on various lending platforms:

  • Centralized – BlockFi, CoinLoan, Nexo, as well as a number of exchanges – Binance , Bitfinex, Poloniex.
  • Decentralized – Compound, Nuo, dYdX, Aave and others.

It should be borne in mind that different lending platforms can offer completely different rates for the same coin. For example, deposit income in USDC ranges from 1.25% to 8.6%.

Verdict: by the number of platforms, ordinary staking coins win. However, in the case of staking or lending in stablecoins, choosing a platform is easier: you do not have to compare so many options.

Risks: interest in the project

We have already mentioned volatility as a key risk factor. When staking stablecoins, the investor receives a reward in cryptocurrency , which can often be exchanged for fiat. But staking PoS-coins can lead to losses due to volatility. Another factor by which it is worth evaluating the profitability of investing in a PoS coin is the level of interest in a particular coin.

Stablecoins have a significant advantage: they were originally created as a reliable way to store and transfer funds between participants in a transaction. In the current crisis, investor interest in stablecoins can only grow. On the other hand, each PoS coin is a cryptocurrency of some kind of blockchain project , which can both succeed and fail. If the founders do not launch the product, then the price of the token may fall.

Another risk factor is the platform on which staking takes place. Both for stablecoins and for PoS-coins, both centralized (custodial) and decentralized (non-custodian) platforms are available. A cryptocurrency exchange like Binance is a classic example of a custodial solution: you transfer coins to the exchange for storage. If she is attacked by hackers, your steak may disappear.

In the case of non-custodian platforms, the risk of theft or fraud is quite low. It doesn’t matter which asset to use when staking or depositing and where: USDC – on Compound, USDN – on Waves․Exchange, XTZ – on P2PValidator.

And vice versa: on custodian platforms, the risks are higher, both in the case of providing stablecoins on credit, and in the case of PoS-coins staking. And since the bulk of PoS staking passes through exchanges such as Bitfinex and Binance, we can conclude that, on average, the risks of owners of PoS assets are more serious.

Verdict: PoS coins are more risky, because their price is highly dependent on both interest in the blockchain project itself and market sentiment. It is safer to choose non-custodian platforms for both types of coins.


Nominal rates of return for PoS coins are often very attractive, but price fluctuations can lead to negative profitability. In the case of stablecoins, a positive result is almost guaranteed. At the same time, you should not expect earnings on stablecoin more than 15-17%, although it is possible with a PoS asset.

Ultimately, the choice should depend on your personal attitude to risk. Investors who are willing to take risks in the hope of earning super-high returns should invest in a classic PoS coin – for example, Tezos .

If it is important for you to keep the investment (especially in the case of large amounts), then stablecoins are definitely preferable due to the better risk-to-ROI ratio.

As the global economic crisis deepens, more and more investors will acquire crypto assets. This will undoubtedly change the market balance in the segments of staking and cryptocredit. How exactly? We will find out soon.

Date of publication 09.07.2020
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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
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