Weekly CryptoNews

Weekly CryptoNews

As usual, we have gathered the most interesting news of this week for you. Enjoy!

  • Some fun. Let’s start with an unbelievable prediction about Bitcoin. A General director of Xapo Wences Casares forecasts the price of Bitcoin at $1 million. At the same time, he supposes that a chance of Bitcoin’s success is 50%, fail - 20%.
  • Telegram is still on hype. Media is giving new predictions about the Telegram pre-ICO. Numbers have risen to $3.8 billion instead of $850 million. We are waiting for a confirmation from P. Durov on an account “Antiscam” (@notoscam).
  • Opera protects its users from hidden mining. This function is available for the mobile version of Opera Mini for iOS и All you need to do is just activate an ad blocker in settings.
  • Cutting commission. A recommended commission for middle-size transactions in Bitcoin network for popular services (Blockchain.info, for example) declined to $1. SegWit and Lightning Network support such cuts a lot.
  • Russia is keeping up. A Head of Vnesheconombank Sergey Gorkov announced a launching of a blockchain-project on a registration of real estate in Moscow. It should be one of the biggest practical usage of blockchain in Russia or maybe in the world.
  • Block.one (developers of EOS) and Galaxy Digital LP are launching an investment fund for investments in innovation projects on blockchain EOS.
  • A platform Mercury Cash supports Dash. Now you can buy currency by credit card or bank transfer.
  • New horizons for Ripple. Financial companies MercuryFX and IDT Corporation are going to test a paying system xRapid where XRP will be used.
  • Mining does not stand still. A new generation of mining equipment is developed by Japanese corporation GMO Internet Group. It will be 12-nanometer mining chips.
  • False promises. The biggest energy company Hydro-Quebec is revoking its promises to support miners with cheap electricity. The number of applications from miners is too high, that is why the company cannot accept all of them.
  • A stock exchange Nasdaq is planning to take a step on the bitcoin futures market. A price of a contract can be bound to the spot-rate of cryptocurrencies.
  • All around the world. A cryptocurrency stock exchange bitFlyer has received a license of a payment institution in the EU. It is a first platform that acts officially in the USA, EU and, Japan.
  • Russia is toughening a control of Bitcoin. The Russian Federation Ministry of Finance announced a bill “On Digital Financial Assets”. The law controls emission and turnover, holding of ICO, determines mining and legal regime of cryptocurrency.
  • SCAM! ICO Benebit was a scam. Investors’ losses are $2.7 million. After users recognized fake pictures on a project website, it became inactive.
  • An old news with new data. The second wave of news about a ban on anonymous trading in South Korea shook up the market. Now we know the exact date of the law –January 30, 2018.
  • Japanese exchange Coincheck halted trading of all coins except Bitcoin. Bloomberg says that the exchange is not available for comments at this time.

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