TOP-8 news of the world of crypto-currencies and lock-up, for a week from 10 to 16 September

A selection of the most important news and events in the world of crypto currency over the past week – the bitcoin dominance index has updated at most 2018, Buterin explained his words about the futility of blocking assets growth, the creation of a blocking association in Washington, IBM is developing “yellow pages” for block projects, and the Gemini Exchange released stablycoin.

The lateral trend in the crypto-currency market and the dominance of bitcoin

Last week, the digital currency market showed a sharp decline. At the same time, bitcoin managed to keep the $ 6,000 line, but Ethereum failed below $ 200 in pairing with the dollar and up to 0,0306 BTC paired with bitcoin.

Over the past seven days, the assets have been able to win back a number of positions, but the direction of the movement is still unclear. So, bitcoin managed to return to the marks around $ 6 500, and Ethereum reached $ 220.

Against the backdrop of a tight drawdown of the Altkoins, the index of dominance of the first crypto currency was able to update the maximum of the year at 56.3%. At the time of writing, the indicator fell to 55.6%.

Let’s note, the founder of the cryptobank Galaxy Digital, Mike Novograts, said that the digital currency market has finally passed the “bottom” and there will be no further fall. However, Elliott WaveTrader, the creator of the ElliotWaveTrader platform Evi Gilbart, does not agree with this optimistic forecast, which this week suggested that bitcoin will reach the “bottom” at around $ 4,700.

To finally get out of the current unfavorable and uncertain situation, the price of bitcoin needs to rise above $ 8500, CoinDesk analyst Sebastian Sinclair is convinced. Passage of this milestone will signal the beginning of the phase of sustainable growth.

Unpleasant news was also the decision of the Securities and Exchange Commission of the United States (SEC) to suspend trading linked to the USD exchange notes from the XBT Provider in the US market. The agency stressed that many investors misunderstand the nature of these financial instruments.

Bloomberg also said that the collapse of 2018 in the market of crypto-currencies had already surpassed the dynamics of the consolidated index Nasdaq in 2000, which agreed that the dotcom market fell by 78%. The MVIS CryptoCompare Digital Assets 10 index also showed a drop of 80% from the January highs.

However, not without good news. Online retailer Overstock.com plans to introduce the option of direct selling bitcoin on its website using the Bitsy crypto currency purse already at the beginning of next year.

Jaxx Liberty multicurrency wallet for Android and Chrome

Over the past seven days, there have been two important releases at once: the Jaxx Liberty multicurrency purse for Android and Chrome, as well as the new version of the LND desktop purse from Lightning Labs.

Jaxx Liberty users can access the Portfolio module, which allows you to monitor the dynamics of user-defined crypto-currencies for a certain period of time, the news module and the price movement and market capitalization data are crypto-currency.

The wallet also supports more than 70 crypto-currencies and tokens, including smart contracts Ethereum , customized commission of miners for all assets and support of hardware wallets (for individual assets).

Separately, developers note that Jaxx Liberty does not require registration and does not store personal data of users, while private keys are stored on the client side and never leave the device.

The new version of the LND purse (0.5) ensures the operation of applications for end users with the implementation of the Neutrino protocol in the compatibility mode with the proposals BIP 157 and BIP 158.

From now on, LND supports not only outbound Tor connections, but also incoming onion services (Tor v2 and v3).

Stablkoins from Gemini and Paxos received permission from the State of New York

This week, there were two stebblecoins tied to the dollar, Gemini Dollar (GUSD) from the Bitcoin Exchange of the Gamini Winklovenis brothers and Paxos Standard from the Paxos startup blockbuster.

The turnover of both coins will be regulated by the Financial Services Authority of New York (NYDFS).

In this case, dollar deposits of Gemini Dollar users can even be insured in accordance with the regulations of the Federal Deposit Insurance Corporation (FDIC).

Paxos Trust is a regulated custodian working under the supervision of the Securities and Exchange Commission (SEC). This will allow the project to protect clients’ funds in accordance with existing regulatory and legal norms and standards.

Information from Ethereum developers on activation of the Constantinople

The activation of Constantinople’s hard core in the Ropsten test network will take place on October 9, but the exact number of the block has not yet been confirmed. In the main network, the update will be implemented presumably in November or December, but Vitalik Buterin himself noted that there is no urgency in this.

At the ETH Berlin conference, the developer Vlad Zamfir introduced Proof-Of-Concept for the technology of shading. The experimental prototype already contains the basic elements for implementation in Ethereum and at this stage it is already possible to demonstrate the interaction of shards.

In the meantime, Buterin also had to explain his words about the futility of growth of blocking assets.

“I never said that there is no crypto currency in the ecosystem” there is no room for growth “. I talked about the lack of space for 1000-fold growth rate. An increase of 1000 times means that the market capitalization will be $ 200 trillion – which is 70% of the world’s wealth, “ he wrote.

Creation of a blockade association in Washington

A number of block-funds, stock exchanges and start-ups plan to influence the Washington legislators through a new block-association.

According to the publication, the new organization will focus its activities on education and legal changes, thus striving to normalize relations between the industry of the crypto-currency and the US authorities.

Among the founders of the organization, among others, were :

• Coinbase,
• Circle,
• Digital Currency Group,
• Polychain Capital,
• Protocol Labs.

The blocking association will pay special attention to taxation issues and the rules of customer identification and combating money laundering, which extend to crypto-exchange exchanges and start-ups, at least as a priority.

Executive Director of the non-profit research and initiative group Coin Center Jerry Brito said that the formation of such structures indicates the development of the industry.

Announcement of launching the main Tezos network

On Monday, September 17, the main Tezos network should be launched. The launch of a viable version of the software was made at the end of June, but all the while the network was in beta testing mode.

Have a great weekend, everyone, because mainnet arrives on Monday!

– Tezos Foundation (@TezosFoundation) September 14, 2018

According to informed sources, since the launch of the network there was only one failure. So, in mid-July for an hour, correct block validation was not performed. The problem was solved, and since then the block system has been working smoothly.

IBM is developing a decentralized catalog of block projects

IBM has joined the interlocheon decentralized registry project, which, according to her statement , is analogous to the popular “yellow pages” catalog for blockbuster projects .

The initiative called Unbounded Registry is headed by the HACERA blockbuster start-up and is designed to provide “decentralized means of registering, searching, joining and executing transactions between various blocking solutions that are geared towards ensuring the compatibility of all current distributed registry technologies “.

The project is designed to solve one of the most topical tasks of this industry, including reserving the names of block projects, openness of blocking networks and applications, and compiling a catalog of functions and services related to individual projects.

The project also includes :

• Intel,
• Huawei,
• Hitachi
• Batavia,
• Australian Association of Blockbusters.

France has developed bills for ICO

The French authorities have developed a legislative framework for conducting ICO in the country and testing of relevant draft laws will begin in the near future – the country’s banks will provide ICO accounts to projects approved by the French regulator of financial markets (AMF).

French lawmakers introduced the concept of “token” in the legal field, and the responsibility for granting licenses to the founders of ICO projects was transferred to the national financial regulator (AMF).

“Token is an intangible digital property that grants one or more rights to the owner. Tokens may be issued, registered, stored or transmitted by means of a common electronic database, the record in which directly or indirectly identifies the owner of said property “ , – the definition of the token in the bill is given.

According to the document, ICO-projects are guaranteed a right to a bank account. It also provides authorization for funds ready to work only with professional investors, for example, for investing in ICO project tokens.