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TOP-7 news of the world of cryptocurrency over the past week from May 17 to May 23



TOP-7 news of the world of cryptocurrency over the past week from May 17 to 23

5 (100%) 1

Summing up the past week for the cryptocurrency market – a new bitcoin price record in 2019, details of the Libra Facebook project, the publication of recommendations on cryptocurrency regulation for the member states of the Financial Action Task Force on Money Laundering (FATF) and other key events of the week.

Bitcoin rate hit a new high in the last year

The events of last week may be the last argument in favor of the statement that cryptozyme is finally completed. So, Bitcoin (BTC) made an impressive leap up, the culmination of which was the Saturday capture of the bar at first $ 10,000 and then at $ 11,000. At the same time, at the beginning of the week, the first cryptocurrency was trading at levels just below $ 9,000.

The small correction that followed to levels of $ 10,500 – $ 10,700 was hardly discouraged by investors. Convinced of the further growth of Bitcoin and numerous experts. So, the co-founder of the Gemini exchange, Tyler Winklevoss, said that after Bitcoin overcomes the $ 10,000 barrier, there is no doubt that he will soon take the $ 15,000 mark.

Well-known technical analyst Peter Brandt, meanwhile, expressed the opinion that the long-term goal of the price of the first cryptocurrency is $ 100,000. According to him, since 2010 the BTC / USD pair is in the fourth parabolic phase.

“No other market in my 45 years of trading looked on logarithmic graphs in this way. Bitcoin is a market unlike any other, ” Brandt said.

As of Sunday evening (17:50 UTC), the weighted average BTC rate was around $ 10,750 with a capitalization of $ 191.1 billion. Over the past seven days, the price of the first cryptocurrency, taking into account the Sunday correction, has increased by more than 18%.

Bitcoin has set growth and the rest of the market, the cumulative capitalization of which now exceeds $ 326 billion.

Among the most popular Altcoins, we turn our attention to Monero , which during the reporting period has risen in price by more than 20% and is now trading at around $ 116.5 and Ethereum , which managed to overcome the psychological barrier of $ 300. Also this week, Binance Coin rose to record levels against the dollar, retarding growth in the near approaches to $ 40, while XRP approached close to $ 0.50.

Facebook published white paper with information about the cryptocurrency Libra

The focus of attention this week was also the Libra cryptocurrency project from the world's largest social network Facebook.

On Tuesday, June 18, the official white paper of this global stable cryptocurrency was submitted , according to which each Libra unit will be provided with a basket of currencies and other assets that will together form Libra Reserve. This refers to bank deposits and government securities from the most trusted central banks, which would presumably ensure low coin volatility. However, the value of the token will not be tied to any fiat currency.

At the initial stage, the founding members of the Libra Association will act as validator node operators, after which, as expected, the transition to decentralization will take place. The founding members of the association include Mastercard, PayPal, Visa, Booking Holdings, eBay, Facebook, Uber, Spotify, Vodafone, Coinbase, Xapo and other well-known companies. At the same time, no member of the organization can own more than 1% of the vote (this also applies to Facebook).

The Libra Association will also deploy security-tokens called Libra Investment Token, which will attract funds from accredited investors who can earn dividends from reserves.

The news about Facebook’s plans almost instantly provoked a reaction from traditional finance representatives and politicians around the world. Thus, French Finance Minister Bruno Le May said that the Libra token should not and cannot become a sovereign currency, and in the US Congress urged Facebook to suspend work on the project .

Meanwhile, the head of Australia’s central bank, Phillip Law, stressed that there are a lot of questions on the part of regulators regarding Libra, so it’s too early to draw any conclusions. In Switzerland, where the organization is registered, FINMA and other departments communicate with representatives of the Libra Association to determine whether its activities and the digital currency itself should be regulated in accordance with their norms.

In Russia, as stated by the chairman of the State Duma Committee on the Financial Market, Anatoly Aksakov, Facebook does not legalize cryptocurrency from the company and will limit foreign sites through which it will be possible to buy it.

It also became known that on July 16, the US Senate Banking Committee will hold a hearing on Libra's cryptocurrency from Facebook, and France, which chairs the G7, will set up a working group on stablecoins , which will also be done by Libra.

The response of the financial establishment to the initiative of the social network is best illustrated by the statement by a member of the US House of Representatives Maxine Waters:

“They must stop immediately so that we can sort it out.” We must protect our customers. We cannot allow them to go and go to Switzerland with their partners and start competing with the dollar, ”she said.

FATF has presented recommendations for regulating the cryptocurrency industry

The Financial Action Task Force on Money Laundering (FATF) has officially finalized the development of recommendations for the regulation of cryptocurrency for all 37 member states of the organization, including Russia.

So, despite the criticism of the proposals and warnings about the adverse consequences for the industry, the group decided that bitcoin exchanges should exchange user data when they make transactions between sites.

Such data include :

  • the name of the sender and the data on his digital wallet ;
  • the name of the recipient and the data on his digital wallet;
  • physical address of the sender, his passport data or user ID, which binds him to the company, date or place of birth.

In addition, any cryptocurrency service provider (VASP), individual or legal entity, will have to undergo a licensing or registration procedure in its jurisdiction. Thus, according to the FATF, the competent authorities will have to make sure that the criminals are not the beneficiaries of VASPs.

It is noteworthy that the recommendations of FATF touched and mixing services. So, VASPs should mitigate the risks associated with such transactions, which obfuscate senders and recipients, and if this is not possible, then providers should not be allowed to do so.

In theory, the member countries of FATF are not obliged to follow the recommendations, but in this case they will be blacklisted and face an outflow of foreign investment.

In Russia may allow the purchase and sale of cryptocurrency

The Ministry of Finance of the Russian Federation does not exclude that permission to buy and sell cryptocurrency on the territory of the country will be included in the law on digital financial assets. However, according to Deputy Finance Minister Alexei Moiseyev, the final decision on this issue has not yet been made.

“In terms of cryptocurrency, the last question that remains is the question of determining how much cryptocurrency can be used. There range from prohibition to the possibility of purchase. As a foreign currency: you can buy and sell, but you can not pay. After the political decision on this issue is taken, we will have the responsibility , ”the deputy minister explained.

The draft law on digital financial assets, in which the ban on the use of cryptocurrency as a means of payment in the Russian Federation was registered, was adopted by the State Duma in the first reading in May 2018. In preparation for the second reading, the definition of cryptocurrency was replaced with “digital operational signs”.

The head of the Duma Financial Market Committee, Anatoly Aksakov, called the introduction of this concept a compromise solution and noted that according to FATF recommendations, Russia should adopt a bill on the circulation of cryptocurrency before the end of 2019, as this tool is also used to launder criminal proceeds. by.

Binance cryptographic service launched a BTCB token with a secured bitcoin

This week the BEP2 BTCB token, secured by the first cryptocurrency and tied to its exchange rate, started trading on the Binance exchange. At the moment, the new token is traded only in conjunction with the first cryptocurrency.

BTCB also appeared in the listing of the non-custodial trading platform Binance DEX, where it is traded in tandem with Binance Coin (BNB).

According to representatives of the Binance exchange , BTCB is 100% secured with “digital gold”, while the addresses of its reserves are open and accessible for auditing .

Mobile wallet for Lightning Network on Android and iOS

Lightning Labs, a leading developer of solutions for the Lightning Network , introduced its first mobile application for Android and iOS (Testflight). The Lightning App is a non-custodial wallet with which users can make instant payments in an amount not exceeding one-sixth of a bitcoin (over $ 1,500).

The service has a feature called Autopilot, which is based on Lightning Labs' own cluster with three full nodes. Using the nodes of a startup, users cannot receive more funds than they sent.

The plans of the project team to reduce the dependence of products from Lightning Labs. This is likely to happen when the support for the Neutrino protocol appears in the Bitcoin Core client, which will allow the application to connect to external nodes so as not to overload the mobile device.

It is noteworthy that in the first days since the launch of the applications they were downloaded more than two thousand times.

Zcash will switch to a new version of the protocol with sharding support

Cryptocurrency developer Zcash , the Electric Coin Company (ECC), intends to make radical changes to the architecture of this cryptocurrency user-oriented privacy.

The ambitious plans of the creators of the project provide that the network Zcash will be able to handle "thousands or even millions of transactions per second." To implement them, you may need to switch to a completely new blockchain with the support of sharding technology .

Scharding, better known as one of the solutions for the Ethereum network, is a mechanism for dividing data in the blockchain into more manageable parts, in which the nodes store only part of the data, relying on information from other nodes.

But, despite the fact that the Zcash roadmap has a number of similarities with Ethereum, in order to use sharding, this cryptocurrency may need to switch to a completely new blockchain, which will also need to be created from scratch.

Publication date 24.06.2019
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TRON (TRX) cryptocurrency review – forecasts and prospects, current rate



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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.

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



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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
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Technical analysis: the cryptocurrency market is ready for a new growth wave



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RoboForex lead analyst Dmitry Gurkovsky talks about further possible scenarios of the price movement of bitcoin and several popular altcoins .

Buyers managed to show a good bounce up. At the moment, assets such as Bitcoin and Bitcoin Cash look very interesting in the context of continued growth. Moreover, if the BCH / USD chart shows the formation of a reversal pattern of the inverted “Head and Shoulders” in favor of growth, then BTC is just getting ready to leave the channel and continue a confident upward movement.

Unfortunately, the assets of Ethereum, Litecoin and EOS are still under pressure. There are several signals from daily charts in favor of moving down. However, if the bulls manage to break through the next resistance levels, then these assets will be ready to move to the phase of sustainable growth.

In general, the cryptocurrency market looks ready for the start of a new wave of recovery. The bulls can only hold the current levels and rise a little higher to deprive the bears of all chances to continue the downward correction.

Bitcoin (BTC)

Quotes showed an aggressive rebound from the support level. However, the price tested resistance in the form of a downtrend near the $ 9800 area. To continue the rise by the buyer, it is important to “push” prices even higher.

A good signal in favor of a likely continuation of growth is the breakdown of a downward trend line on the RSI indicator. In most cases, a return to the broken line occurs, after which we should expect continued growth. As the main trading idea, you can take a slight correction to the level of $ 7700, after which you can talk about a rebound and upward movement.

Cancellation of this option will be a fall in the quotes of the digital asset below the level of $ 6875, which will indicate a breakdown of the lower boundary of the channel and continued decline.

On the 4-hour chart, cryptocurrency quotes were able to leave the limits of the short-term downward channel. Such a signal is the first sign of a potential reversal of the current downward correction. However, confirmation of the completion of the fall will be a strong growth with consolidation above the level of $ 10,995, which will indicate a way out of the downward channel. In this case, the target of the movement will be the area of $ 12,405.

The values of the RSI indicator again pushed off the resistance level, so we should expect a decrease and a test of the broken channel boundary. After this movement, we can talk about the beginning of growth towards the goal at the level of $ 10,995.

Ethereum (ETH)

Ethereum buyers also managed to keep quotes in the support area, which is located at $ 147. At the moment, the price has once again returned to the area between the moving averages, which may provoke an attempt to further decline.

In favor of this option is a rebound from the downward resistance line on the RSI indicator. As the main idea, we should expect a rebound from the lower border of the rising channel and the continuation of the fall to the first target at $ 147. Its breakdown will open the way for the movement of quotations to the level of $ 100. Cancellation of the negative option will be a breakdown of the Moving Averages and the consolidation of ETH / USD above the level of $ 239. In this case, we can talk about continuing the rise to the goal at the level of $ 280.

On a 4-hour chart, quotes are clamped in a downward channel. The values of the RSI indicator are testing the resistance line again, so we can expect a rebound and fall in the quotes of the digital asset to the level of $ 150.

In favor of this option, a test of the upper boundary of the downward channel will also come forward. Cancellation of the proposed forecast will be a breakdown of the resistance level and consolidation above $ 202, which will indicate the exit of quotes beyond the rising channel. In this case, the target of the rise will be the level of $ 239.


Forecasts of financial markets are the private opinion of their authors. Current analysis is not a guide to trade. RoboForex is not responsible for the results of work that may arise when using trading recommendations from the submitted reviews.

Publication date 10/30/2019
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Name Price24H (%)
Bitcoin (BTC)
Ethereum (ETH)
Bitcoin Cash (BCH)
Stellar (XLM)
Litecoin (LTC)
Cardano (ADA)
Tether (USDT)
Monero (XMR)


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