✅ Last week our partners attended LATOKEN’s Blockchain Economic Forum 2018 in San Francisco, which lasted 5 days. During the conference, we spoke to dozens of important and knowledgeable people such as Gary Gensler (chairman of the CFTC under President Barack Obama), Mateusz Szczurek (Minister of Finance of Poland 2013–2015), Valentin Preobrazhenskiy (LAToken Founder), Jonathan Nelson (SEC Advisory committee) and many others. Our chief analyst prepared exclusive interviews for our subscribers with insides and particularly remarkable statements. We will publish one part per day, throughout the week.
Here you can read Part 1: "Tim Draper, CFTC, SEC and future of blockchain technology."
http://telegra.ph/Blockchain-Economic-Forum-LATOKEN-Tim-Draper-CFTC-SEC-and-future-of-blockchain-technology-Part-1-06-25
Here you can read Part 1: "Tim Draper, CFTC, SEC and future of blockchain technology."
http://telegra.ph/Blockchain-Economic-Forum-LATOKEN-Tim-Draper-CFTC-SEC-and-future-of-blockchain-technology-Part-1-06-25
Telegraph
Blockchain Economic Forum (LATOKEN): Tim Draper, CFTC, SEC and future of blockchain technology. Part 1
When will institutional investors enter crypto market? What does SEC think of “utility” tokens? What will happen to Venture Capital in crypto space, and who will replace largest crypto exchanges? Answer on all these questions you can find in my exclusive…
Cryptocurrency owners in the US must pay $ 25 billion taxes until April 15
According to the research of Fundstrat Global Advisers, the tax liabilities of the cryptocurrency holders from the United States are equal to $ 25 billion. This is due to the cryptoboom in the end of 2017, when the volume of the cryptocurrency market exceeded $ 800 billion. The amount of taxes is based on 20% of the capital increase of $ 168 billion in 2017.
Now the market can expect a strong fall: April 15 is the deadline for filing tax returns in the US, and the cryptocurrency owners will sell their reserves to pay off taxes. Furthermore, the crypto exchanges must also pay taxes. For example, Coinbase reported net profit of more than $ 1 billion in 2017.
According to the research of Fundstrat Global Advisers, the tax liabilities of the cryptocurrency holders from the United States are equal to $ 25 billion. This is due to the cryptoboom in the end of 2017, when the volume of the cryptocurrency market exceeded $ 800 billion. The amount of taxes is based on 20% of the capital increase of $ 168 billion in 2017.
Now the market can expect a strong fall: April 15 is the deadline for filing tax returns in the US, and the cryptocurrency owners will sell their reserves to pay off taxes. Furthermore, the crypto exchanges must also pay taxes. For example, Coinbase reported net profit of more than $ 1 billion in 2017.
China is ready to legalize cryptocurrencies and ICO
The Chinese authorities determined the legal status of cryptocurrencies and equated them with classical financial assets. Activities related to the turnover of cryptocurrencies will be considered as financial services and licensed under the supervision of the Banking Regulatory Commission of China (CBRC).
In China, since September last year, the turnover of cryptocurrencies, ICO and mining has been banned. The CBRC has already issued a statement, according to which the regulator's actions will extend not only to the turnover of digital assets, but also to any services that perform financial transactions on the blockchain.
The Chinese authorities determined the legal status of cryptocurrencies and equated them with classical financial assets. Activities related to the turnover of cryptocurrencies will be considered as financial services and licensed under the supervision of the Banking Regulatory Commission of China (CBRC).
In China, since September last year, the turnover of cryptocurrencies, ICO and mining has been banned. The CBRC has already issued a statement, according to which the regulator's actions will extend not only to the turnover of digital assets, but also to any services that perform financial transactions on the blockchain.
Gibraltar became the first jurisdiction with ICO regulation
Since the beginning of 2018 the Digital Ledger Technology Regulatory Framework has been operating in Gibraltar, according to which ICO is officially regulated on the overseas British territory. This became the realization of the intention voiced by the Financial Services Commission of Gibraltar (GFSC) in October 2017.
The implementation by start-ups of a number of rules is an obligatory condition for the registration of an ICO on the territory of Gibraltar. Among them - to maintain the necessary level of financial and non-financial resources, to comply with the requirements against money laundering and the maintenance of terrorism, to conduct business honestly, to interact with the local government and so on.
According to Nicky Gomez, head of risk and innovation at GFSC, the team hopes that it will be "very busy in the coming months," working with interesting projects that will be registered in Gibraltar.
Since the beginning of 2018 the Digital Ledger Technology Regulatory Framework has been operating in Gibraltar, according to which ICO is officially regulated on the overseas British territory. This became the realization of the intention voiced by the Financial Services Commission of Gibraltar (GFSC) in October 2017.
The implementation by start-ups of a number of rules is an obligatory condition for the registration of an ICO on the territory of Gibraltar. Among them - to maintain the necessary level of financial and non-financial resources, to comply with the requirements against money laundering and the maintenance of terrorism, to conduct business honestly, to interact with the local government and so on.
According to Nicky Gomez, head of risk and innovation at GFSC, the team hopes that it will be "very busy in the coming months," working with interesting projects that will be registered in Gibraltar.
Zebpay, India's largest crypto-exchanger, notified multicurrency wallets owners about the need to withdraw money before July 5. On this day in India, the Reserve Bank prohibits any operations with cryptocurrencies in companies that have a banking license.
At the same time, Zebpay management is confident that the volume of crypto-exchanger trades on the exchanger will not decrease. To maintain the interest of traders on the eve of the ban, Zebpay added 10 more trading pairs with Bitcoin, bringing the total number of available cryptocurrencies to 19, and currency pairs to 35. A similar opinion is held by the leadership of Unocoin's second large crypto-exchanger.
As we have already said, crypto companies of India are trying to challenge the prohibition of the Reserve Bank
(https://t.me/blockchain_news_l/47) in the Supreme Court. Consideration of claims will be held on July 20 or earlier, that is after the ban enters into force.
At the same time, Zebpay management is confident that the volume of crypto-exchanger trades on the exchanger will not decrease. To maintain the interest of traders on the eve of the ban, Zebpay added 10 more trading pairs with Bitcoin, bringing the total number of available cryptocurrencies to 19, and currency pairs to 35. A similar opinion is held by the leadership of Unocoin's second large crypto-exchanger.
As we have already said, crypto companies of India are trying to challenge the prohibition of the Reserve Bank
(https://t.me/blockchain_news_l/47) in the Supreme Court. Consideration of claims will be held on July 20 or earlier, that is after the ban enters into force.
Viber and WhatsApp can switch to blockchain earlier than Telegram
While all attention is attracted to the upcoming ICO Telegram, other popular instant messengers are also entering the zone of blockchain technologies. Japanese company Rakuten, which owns the popular Viber messenger with a billion users around the world, is planning to launch its RakutenCoin cryptocurrency. Token will be used in the RakutenCoin customer loyalty program on the blockchain for the purchase of goods and services through various Rakuten services. The timing of the launch of the project has not yet been disclosed.
Earlier it was reported that Mark Zuckerberg sees the WhatsApp messenger as one of the platforms along with Facebook Messenger for the implementation of payment services on the blockchain. At the same time in India, where WhatsApp is very popular, options are already being considered for cooperation with local banks to conduct payments through messages.
While all attention is attracted to the upcoming ICO Telegram, other popular instant messengers are also entering the zone of blockchain technologies. Japanese company Rakuten, which owns the popular Viber messenger with a billion users around the world, is planning to launch its RakutenCoin cryptocurrency. Token will be used in the RakutenCoin customer loyalty program on the blockchain for the purchase of goods and services through various Rakuten services. The timing of the launch of the project has not yet been disclosed.
Earlier it was reported that Mark Zuckerberg sees the WhatsApp messenger as one of the platforms along with Facebook Messenger for the implementation of payment services on the blockchain. At the same time in India, where WhatsApp is very popular, options are already being considered for cooperation with local banks to conduct payments through messages.
Monero VS Ethereum
Monero and Ethereum do not resemble each other and serve different purposes. However, both are among the ten largest cryptocurrencies and are the object of attention from investors. Which сryptocurrency is better?
Ethereum - the second by the capitalization cryptocurrency, connected with the main platform for today's smart-contracts. Despite the fact that "Ethereum killers" appear regularly, no other site has been able to circumvent the Ethereum smart-contracts. On the other hand, Ethereum is an attractive target for hacker attacks, several of which were successful. Recently, the course of the cryptocurrency is tending to go down. And by the volume of trading in the last 24 hours it was bypassed by Ripple.
Monero is one of the anonymous cryptocurrency. The optional encryption protocol makes it almost impossible to track transaction participants. In addition, in mid-March, MoneroV's hardfork is expected, in which for each Monero coin users will receive 10 coins of a new, even more secure cryptocurrency. The growth of Monero in recent weeks is largely due to the upcoming hardfork, which investors want to earn. It is possible that after this the Monero rate will dramatically go down.
On one side of the scale are smart-contracts and the need to strengthen security. On the other - fast hardfork and anonymity of transactions. Where to move on-is up to you.
Monero and Ethereum do not resemble each other and serve different purposes. However, both are among the ten largest cryptocurrencies and are the object of attention from investors. Which сryptocurrency is better?
Ethereum - the second by the capitalization cryptocurrency, connected with the main platform for today's smart-contracts. Despite the fact that "Ethereum killers" appear regularly, no other site has been able to circumvent the Ethereum smart-contracts. On the other hand, Ethereum is an attractive target for hacker attacks, several of which were successful. Recently, the course of the cryptocurrency is tending to go down. And by the volume of trading in the last 24 hours it was bypassed by Ripple.
Monero is one of the anonymous cryptocurrency. The optional encryption protocol makes it almost impossible to track transaction participants. In addition, in mid-March, MoneroV's hardfork is expected, in which for each Monero coin users will receive 10 coins of a new, even more secure cryptocurrency. The growth of Monero in recent weeks is largely due to the upcoming hardfork, which investors want to earn. It is possible that after this the Monero rate will dramatically go down.
On one side of the scale are smart-contracts and the need to strengthen security. On the other - fast hardfork and anonymity of transactions. Where to move on-is up to you.
VeChain is converting VEN tokens to VET and preparing for a jerk
VeChain, which is engaged in creating a blockchain for tracking goods and supply chains around the world, starts converting VEN tokens to VET. Convertation will occur on the crypto-exchangers using special swaps, and from July 24 will be available in the new purse VeChainThor. Migration of tokens will end on August 1, the process of full-fledged start-up (ripening) of its own blockchain VeChainThor, which began on June 30, will take several months.
The VeChainThor platform assigns to any product or item a unique identifier that is simultaneously stored on the blockchain and applied to the object using NFC, RFID tags or QR code. This allows instantly identify the product, completely solves the problem of counterfeiting and the organization of deliveries. The intention to use VeChainThor was announced by BMW, Renault, Coca-Cola, IBM, HSBC, Alibaba, Oracle, Tencent, Cisco, PricewaterhouseCoopers.
After the launch of the blockchain at full capacity, the capitalization of VeChainThor, which as of July 4, 2013 amounts to $ 1.506 billion, could significantly change. The development of the project is in accordance with its Roadmap.
VeChain, which is engaged in creating a blockchain for tracking goods and supply chains around the world, starts converting VEN tokens to VET. Convertation will occur on the crypto-exchangers using special swaps, and from July 24 will be available in the new purse VeChainThor. Migration of tokens will end on August 1, the process of full-fledged start-up (ripening) of its own blockchain VeChainThor, which began on June 30, will take several months.
The VeChainThor platform assigns to any product or item a unique identifier that is simultaneously stored on the blockchain and applied to the object using NFC, RFID tags or QR code. This allows instantly identify the product, completely solves the problem of counterfeiting and the organization of deliveries. The intention to use VeChainThor was announced by BMW, Renault, Coca-Cola, IBM, HSBC, Alibaba, Oracle, Tencent, Cisco, PricewaterhouseCoopers.
After the launch of the blockchain at full capacity, the capitalization of VeChainThor, which as of July 4, 2013 amounts to $ 1.506 billion, could significantly change. The development of the project is in accordance with its Roadmap.
Cryptocurrency market is going down due to Japan
The Japanese Financial Services Agency (FSA) is implementing stringent recommendations on operations with cryptocurrencies in the country. According to the new rules, crypto-exchangers should identify users, track client accounts several times a day for suspicious transactions, store crypto-accounts only in stand-alone systems, and so on.
New restrictions on cryptocurrencies, allowed in Japanese crypto-exchangers, will be introduced. In particular, the regulator will prohibit cryptocurrency transactions with a high level of anonymity, which are used for money laundering.
News from Japan adversely affected the quotations of cryptocurrencies. Practically all cryptocurrencies lost in price. The whole market lost about $ 20 billion a day and now is worth $ 431.2 billion.
The Japanese Financial Services Agency (FSA) is implementing stringent recommendations on operations with cryptocurrencies in the country. According to the new rules, crypto-exchangers should identify users, track client accounts several times a day for suspicious transactions, store crypto-accounts only in stand-alone systems, and so on.
New restrictions on cryptocurrencies, allowed in Japanese crypto-exchangers, will be introduced. In particular, the regulator will prohibit cryptocurrency transactions with a high level of anonymity, which are used for money laundering.
News from Japan adversely affected the quotations of cryptocurrencies. Practically all cryptocurrencies lost in price. The whole market lost about $ 20 billion a day and now is worth $ 431.2 billion.
Why EOS will reach the “moon’’ in the early summer
In June, ICO of the EOS Blockchain ends, which is the main contender for the title of "killer Ethereum". Token sale started in the summer of 2017, and during this time EOS has become one of the five largest cryptocurrencies in terms of capitalization. On May 4, 2018, the token rate is $ 17.38, while trades on crypto-exchangers started at a rate of $ 1.03.
Throughout April, EOS showed good results for growth, though a little rolled back by the end of this week. This was due to the successful involvement of investors in the formation of EOS funds in order to expand the platform in the Asian region and in Europe.
Trust in cryptocurrency is reinforced by the fact that the project, unlike many others, really follows its Roadmap and in early summer of 2018 intends to abandon the ERC20 standard in favor of its own detachment.
In June, ICO of the EOS Blockchain ends, which is the main contender for the title of "killer Ethereum". Token sale started in the summer of 2017, and during this time EOS has become one of the five largest cryptocurrencies in terms of capitalization. On May 4, 2018, the token rate is $ 17.38, while trades on crypto-exchangers started at a rate of $ 1.03.
Throughout April, EOS showed good results for growth, though a little rolled back by the end of this week. This was due to the successful involvement of investors in the formation of EOS funds in order to expand the platform in the Asian region and in Europe.
Trust in cryptocurrency is reinforced by the fact that the project, unlike many others, really follows its Roadmap and in early summer of 2018 intends to abandon the ERC20 standard in favor of its own detachment.
Stock exchange with a turnover of $ 1.5 trillion enters the market of cryptocurrencies
The Swiss Stock Exchange SIX announced the launch of a fully regulated exchange cryptocurrency. SIX Digital Exchange will be regulated by the National Bank of the country and FINMA financial regulator and will become the world's first crypto-exchange, which simultaneously provides trade settlement and depositary services.
The SIX Stock Exchange, which has a common trading space with Deutsche Börse AG and Eurex, is the third-largest stock conglomerate after NYSE Euronext and NASDAQ OMX and has a turnover of $ 1.5 trillion.
According to the Director General of SIX, Jos Deiselhoff, the creation of a crypto-exchange site is "the beginning of a new era for capital markets infrastructures." Trades on the SIX Digital Exchange will begin in the first half of 2019.
The Swiss Stock Exchange SIX announced the launch of a fully regulated exchange cryptocurrency. SIX Digital Exchange will be regulated by the National Bank of the country and FINMA financial regulator and will become the world's first crypto-exchange, which simultaneously provides trade settlement and depositary services.
The SIX Stock Exchange, which has a common trading space with Deutsche Börse AG and Eurex, is the third-largest stock conglomerate after NYSE Euronext and NASDAQ OMX and has a turnover of $ 1.5 trillion.
According to the Director General of SIX, Jos Deiselhoff, the creation of a crypto-exchange site is "the beginning of a new era for capital markets infrastructures." Trades on the SIX Digital Exchange will begin in the first half of 2019.
Thailand became the 12th country in the world where one can register ICO
The government of Thailand legalized the legal standards for the ICO. In order to obtain SEC authorization, a company must be registered in Thailand, have an authorized capital of at least $ 150,000 and, with a primary placement, assign a denomination of a token not exceeding $ 9050. Number of tokens does not matter, however their exchange is possible only for 7 cryptocurrencies (Bitcoin, Ethereum, XRP, Bitcoin Cash, Ethereum Classic, Stellar and Litecoin) or Thai baht.
Thailand became the 12th country where it is possible to register a company for ICO. Earlier, Australia, Switzerland, Malta, Singapore, the Philippines, Estonia, the United States, Japan, Gibraltar (without the GFSC license), the UAE (without the DFSA license) and the Czech Republic have established rules for cryptocurrency start-ups. The Philippines and Bermudas are in the process of adopting standards for the ICO.
The government of Thailand legalized the legal standards for the ICO. In order to obtain SEC authorization, a company must be registered in Thailand, have an authorized capital of at least $ 150,000 and, with a primary placement, assign a denomination of a token not exceeding $ 9050. Number of tokens does not matter, however their exchange is possible only for 7 cryptocurrencies (Bitcoin, Ethereum, XRP, Bitcoin Cash, Ethereum Classic, Stellar and Litecoin) or Thai baht.
Thailand became the 12th country where it is possible to register a company for ICO. Earlier, Australia, Switzerland, Malta, Singapore, the Philippines, Estonia, the United States, Japan, Gibraltar (without the GFSC license), the UAE (without the DFSA license) and the Czech Republic have established rules for cryptocurrency start-ups. The Philippines and Bermudas are in the process of adopting standards for the ICO.
A working version of the ICO standards was presented in Japan
A research team from Japan, ICO Business Research, presented draft regulations for the ICO. In the document, the group, which included representatives of the academic community, large business and analytical companies, outlined the basic principles of regulating the primary tokens emission.
The proposed rules are much more loyal than in the US, say nothing of South Korea and China, where ICO are banned. For example, a token in a document is designated as "a unit of value that is electronically issued by an emitter to an investor for payment of a cryptocurrency," to which the "Payment Services Act" does not apply. Much attention is paid to security, including both the safety of investor funds, and resistance to white-washing and other breach of the law.
The research team has the support of the Japan Government. More complete and specific principles for the ICO legalization will be available in the FSA documents till the end of April.
Despite the tightening of control over the operation of crypto exchanges after a major theft from Coincheck, in general, the Japanese authorities are positive towards the industry. Day before, the Central Bank of Japan stated that cryptocurrencies "worth a try", although they equated digital money with fiat.
A research team from Japan, ICO Business Research, presented draft regulations for the ICO. In the document, the group, which included representatives of the academic community, large business and analytical companies, outlined the basic principles of regulating the primary tokens emission.
The proposed rules are much more loyal than in the US, say nothing of South Korea and China, where ICO are banned. For example, a token in a document is designated as "a unit of value that is electronically issued by an emitter to an investor for payment of a cryptocurrency," to which the "Payment Services Act" does not apply. Much attention is paid to security, including both the safety of investor funds, and resistance to white-washing and other breach of the law.
The research team has the support of the Japan Government. More complete and specific principles for the ICO legalization will be available in the FSA documents till the end of April.
Despite the tightening of control over the operation of crypto exchanges after a major theft from Coincheck, in general, the Japanese authorities are positive towards the industry. Day before, the Central Bank of Japan stated that cryptocurrencies "worth a try", although they equated digital money with fiat.
Opera is switching into a crypto-friendly browser
Today, Opera browser for Android has launched closed beta testing of the built-in cryptocurrency wallet. According to the director of the direction of Opera Crypto, Charles Hamel, the wallet is integrated with Android security systems and does not require additional PIN-codes and passwords for transactions. This makes crypto payment simple, like sending electronic payments through a smartphone. While the wallet supports only Ethereum, ERC20-tokens and collectible items in ERC271 format, over time the list of cryptocurrency will be expanded.
This is the third major innovation of Opera in support of cryptocurrency industry. Earlier the company added large cryptocurrencies to the converter and installed advanced protection from hidden mining in the desktop version of the browser. After this initiative, the Chinese mining giant Bitmain invested $ 50 million in Opera shares. Since 2016, Opera belongs to the Chinese investment fund Golden Brick Capital Private Equity Fund.
Today, Opera browser for Android has launched closed beta testing of the built-in cryptocurrency wallet. According to the director of the direction of Opera Crypto, Charles Hamel, the wallet is integrated with Android security systems and does not require additional PIN-codes and passwords for transactions. This makes crypto payment simple, like sending electronic payments through a smartphone. While the wallet supports only Ethereum, ERC20-tokens and collectible items in ERC271 format, over time the list of cryptocurrency will be expanded.
This is the third major innovation of Opera in support of cryptocurrency industry. Earlier the company added large cryptocurrencies to the converter and installed advanced protection from hidden mining in the desktop version of the browser. After this initiative, the Chinese mining giant Bitmain invested $ 50 million in Opera shares. Since 2016, Opera belongs to the Chinese investment fund Golden Brick Capital Private Equity Fund.
Bitcoin is going to the moon after the launch of ETF?
The US SEC continues public discussion of the creation of bitcoin-ETF. Judging by the regulator's releases, about 30 petitions from accredited and private investors, as well as professional financiers, are received daily to support the creation of over-the-counter investment bitcoin-funds.
Individuals use emotional arguments: "The US is a stronghold of free enterprise and a model for other states." Professional financiers point to the practical side of the question: "We have to use unreliable crypto-exchangers for investment in cryptocurrencies with low supervisory load. Give us access to classical investment tools for working with cryptocurrencies! "
The application for the creation of bitcoin-ETF was filed by the world's largest Chicago Stock Exchange (Cboe). This is the 5th for the last six months, the application for ETF and the second - from Cboe. Previously, the SEC rejected all applications because of the loose status of cryptocurrencies. However, at the end of June, the head of the SEC, Jay Clayton, actually consolidated the status of Bitcoin. Experts believe that after the creation of the first bitcoin-ETF, the rate of the cryptocurrencies will grow and can reach $ 60 thousand in the short term, as it happened in 2003 with the gold rate after the launch of the ETF.
The US SEC continues public discussion of the creation of bitcoin-ETF. Judging by the regulator's releases, about 30 petitions from accredited and private investors, as well as professional financiers, are received daily to support the creation of over-the-counter investment bitcoin-funds.
Individuals use emotional arguments: "The US is a stronghold of free enterprise and a model for other states." Professional financiers point to the practical side of the question: "We have to use unreliable crypto-exchangers for investment in cryptocurrencies with low supervisory load. Give us access to classical investment tools for working with cryptocurrencies! "
The application for the creation of bitcoin-ETF was filed by the world's largest Chicago Stock Exchange (Cboe). This is the 5th for the last six months, the application for ETF and the second - from Cboe. Previously, the SEC rejected all applications because of the loose status of cryptocurrencies. However, at the end of June, the head of the SEC, Jay Clayton, actually consolidated the status of Bitcoin. Experts believe that after the creation of the first bitcoin-ETF, the rate of the cryptocurrencies will grow and can reach $ 60 thousand in the short term, as it happened in 2003 with the gold rate after the launch of the ETF.
One of the creators of MyEtherWallet launched a new wallet MyCrypto
From one of the most popular cryptocurrency purses of MyEtherWallet separated fork - MyCrypto. It was launched by MEW Taylor Monahan co-founder.
It is unknown what caused the split within the MEW team. However, it can be assumed that it can be different views on the future of the project.
According to Taylor Monahan, MEW's capabilities were sufficient at an early stage of growth, but now they are not enough. MyCrypto in turn is designed to scale up.
Monahan assumes that MEW owners have nothing to worry about: MEW's co-founder, known as Kvhnuke, still controls the MEW github repository, the MEW domain, the AWS instances, and MyEtherWallet social media accounts.
The MyCrypto project will evolve in parallel and independently of MEW. In the near future, a public beta test of the wallet will start.
From one of the most popular cryptocurrency purses of MyEtherWallet separated fork - MyCrypto. It was launched by MEW Taylor Monahan co-founder.
It is unknown what caused the split within the MEW team. However, it can be assumed that it can be different views on the future of the project.
According to Taylor Monahan, MEW's capabilities were sufficient at an early stage of growth, but now they are not enough. MyCrypto in turn is designed to scale up.
Monahan assumes that MEW owners have nothing to worry about: MEW's co-founder, known as Kvhnuke, still controls the MEW github repository, the MEW domain, the AWS instances, and MyEtherWallet social media accounts.
The MyCrypto project will evolve in parallel and independently of MEW. In the near future, a public beta test of the wallet will start.
oinbase wants to add 5 more coins, but not Ripple
The American exchanger Coinbase has announced on Twitter account its intention to add to the list 5 new cryptocurrencies: Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX). Obviously, coins are added to the market of Japan, where they are popular, since they will not be available for trading in the American jurisdiction until the SEC authorizes them.
A month earlier, on June 11, Coinbase was made a similar announcement of intent with respect to Ethereum Classic, prompting a rapid growth of the asset. According to the management of Coinbase, the publication of announcements makes the process of adding new coins to the exchanger more transparent and understandable for the regulator and bidders.
The Ripple currency (XRP) is not mentioned again in the announcements of Coinbase, despite the insistence of Ripple's head of Brad Garlinghouse. At the end of last year, Garlinghouse offered Coinbase for listing a fee in the form of a loan of $ 100 million in digital currency. At the CB Insights Future of Fintech June 19-21 in New York, said that Coinbase "should add to its listing XRP." The exchanger remains adamant, as the SEC has not yet expressed its opinion on the status of Ripple.
The American exchanger Coinbase has announced on Twitter account its intention to add to the list 5 new cryptocurrencies: Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX). Obviously, coins are added to the market of Japan, where they are popular, since they will not be available for trading in the American jurisdiction until the SEC authorizes them.
A month earlier, on June 11, Coinbase was made a similar announcement of intent with respect to Ethereum Classic, prompting a rapid growth of the asset. According to the management of Coinbase, the publication of announcements makes the process of adding new coins to the exchanger more transparent and understandable for the regulator and bidders.
The Ripple currency (XRP) is not mentioned again in the announcements of Coinbase, despite the insistence of Ripple's head of Brad Garlinghouse. At the end of last year, Garlinghouse offered Coinbase for listing a fee in the form of a loan of $ 100 million in digital currency. At the CB Insights Future of Fintech June 19-21 in New York, said that Coinbase "should add to its listing XRP." The exchanger remains adamant, as the SEC has not yet expressed its opinion on the status of Ripple.
Black Monday Is Not a Reason to Panic
On Monday April, 9, multiple news agencies announced that the cryptocurrency market dropped $20 billion in one day. This brought cryptocurrency market capitalization to $256 billion and Bitcoin immediately fell $500 to trade at $6,758. Ethereum lost about 8%, falling below the psychologically important mark of $400.
The majority of altcoins followed the crypto-market headliners and only NEO, Verge, VeChain, Bytom and Skycoin held in the green zone, with some slightly increasing price. In general, the negative trend in the cryptocurrency market continues from late December 2017 when the total capitalization of digital money was equal to $830 billion.
The situation outlined above presents a market dominated by panic and fear but taking a step back to view the larger picture allows one to see the true situation of the cryptocurrency market. The cryptocurrency market experienced an equally terrifying “Black Monday” correction on July 10, 2017 when the market contracted dropping $20 billion in value. It wasn’t long after that this fall was followed by an enchanting rise.
On Monday April, 9, multiple news agencies announced that the cryptocurrency market dropped $20 billion in one day. This brought cryptocurrency market capitalization to $256 billion and Bitcoin immediately fell $500 to trade at $6,758. Ethereum lost about 8%, falling below the psychologically important mark of $400.
The majority of altcoins followed the crypto-market headliners and only NEO, Verge, VeChain, Bytom and Skycoin held in the green zone, with some slightly increasing price. In general, the negative trend in the cryptocurrency market continues from late December 2017 when the total capitalization of digital money was equal to $830 billion.
The situation outlined above presents a market dominated by panic and fear but taking a step back to view the larger picture allows one to see the true situation of the cryptocurrency market. The cryptocurrency market experienced an equally terrifying “Black Monday” correction on July 10, 2017 when the market contracted dropping $20 billion in value. It wasn’t long after that this fall was followed by an enchanting rise.
MasterCard has tested and patented the technology of cryptocurrency transactions
MasterCard Corporation has received a patent for the technology of binding digital currencies to accounts in fiat money and is fully prepared for carrying out cryptocurrency payments on bank cards. Pilot projects for the export of cryptocurrencies to MasterCard in Singapore and Japan have been recognized as successful. The patent application was filed in May and approved on Tuesday, July 17, by the US Patent and Trademark Office.
At the same time, the company's position on the whole of cryptocurrencies has not changed yet: the purchase continues to be subject to an increased commission, since it is equated to withdrawal of cash, and the priority of MasterCard remains the servicing of digital money issued by central banks or supported by a regulator.
In an interview with the Financial Times, MasterCard Executive Director Ari Sarker said that governments that are going to launch national cryptocurrencies can count on providing assistance from the company. "If a regulator is behind a crypt, and if its value is not in anonymity, then it will be interesting for us to work with such a digital asset," Sarker said.
MasterCard Corporation has received a patent for the technology of binding digital currencies to accounts in fiat money and is fully prepared for carrying out cryptocurrency payments on bank cards. Pilot projects for the export of cryptocurrencies to MasterCard in Singapore and Japan have been recognized as successful. The patent application was filed in May and approved on Tuesday, July 17, by the US Patent and Trademark Office.
At the same time, the company's position on the whole of cryptocurrencies has not changed yet: the purchase continues to be subject to an increased commission, since it is equated to withdrawal of cash, and the priority of MasterCard remains the servicing of digital money issued by central banks or supported by a regulator.
In an interview with the Financial Times, MasterCard Executive Director Ari Sarker said that governments that are going to launch national cryptocurrencies can count on providing assistance from the company. "If a regulator is behind a crypt, and if its value is not in anonymity, then it will be interesting for us to work with such a digital asset," Sarker said.
FBI asks Google to ban advertising of binary options, ICO and cryptocurrencies
Canada’s Binary Options Task Force and FBI try to persuade Google of prohibiting binary options, ICO and cryptocurrencies advertisement. Jason Roy, Chief Investigation Officer of the Security Exchange Commission in Manitoba, has shared this information during the interview. Roy has also mentioned that FBI together with Security Exchange Commission have previously banned such kind of advertisements on Facebook.
Roy considers that investors don't have enough expertise to define if the ICO is reliable. That's why, he thinks that issue with scam projects can be solved through banning the corresponding ads.
Meanwhile, Google doesn't make concessions. The company underlines high security standards, aimed at eliminating misleading advertisements, cryptocurrencies ads included.
Canada’s Binary Options Task Force and FBI try to persuade Google of prohibiting binary options, ICO and cryptocurrencies advertisement. Jason Roy, Chief Investigation Officer of the Security Exchange Commission in Manitoba, has shared this information during the interview. Roy has also mentioned that FBI together with Security Exchange Commission have previously banned such kind of advertisements on Facebook.
Roy considers that investors don't have enough expertise to define if the ICO is reliable. That's why, he thinks that issue with scam projects can be solved through banning the corresponding ads.
Meanwhile, Google doesn't make concessions. The company underlines high security standards, aimed at eliminating misleading advertisements, cryptocurrencies ads included.
