Connect with us

News

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

Published

on

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 ICOrating.com, 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.


  • bitcoinBitcoin (BTC) $ 24,588.00
  • ethereumEthereum (ETH) $ 1,967.05
  • cardanoCardano (ADA) $ 0.540998
  • polkadotPolkadot (DOT) $ 9.47
  • litecoinLitecoin (LTC) $ 63.17
  • chainlinkChainlink (LINK) $ 9.32
  • stellarStellar (XLM) $ 0.127515
  • bitcoin-cashBitcoin Cash (BCH) $ 144.26