The first part of the week was more than optimistic for Bitcoin. However, now it is going through the correction phase.
Bitcoin is strengthening its positions. Breaking the important level of $10,000, it is climbing further. The next resistance is at $12,000, let’s wait.
- Telegram is increasing its appetite. The company is going to raise $1.7 billion instead of $850 million in the second round of private ICO. There are talks that this amount of money will be enough to launch the blockchain and the cryptocurrency, so Telegram may refuse to hold the public ICO.
Moreover, if the company fails to launch “TON” until October 19, 2019, investors will get their money back. But there is one small trick: the company will not be able to return all investments…
- LitePay failed. The launch of the payment service LitePay that was planned to be held on February 26 did not happen. Registration for the receiving of cryptocurrency cards is stopped.
- The hardfork Bitcoin Private was held on February 28. It is the first Bitcoin’s fork based on two blockchains: Bitcoin and ZClassic. The main feature is the usage of the zk-SNARK protocol for hiding transaction data.
- Bittrex is enacting sanctions. Since March 9 the cryptocurrency exchange Bittrex will block accounts and cancel operations of residents of countries and territories that are under US sanctions. They are North Korea, Iran, Syria, Cuba, and Crimea.
- The big Canadian bank “Toronto-Dominion Bank” banned the cryptocurrency’s purchase by credit cards. There are already other six big banks in the world that enacted the same restriction.
- The Federal Ministry of Finance (Germany) said that purchases by cryptocurrencies will not be a subject of additional taxes. All cryptocurrencies are recognized as the equivalent of payment’s means.
- The cryptocurrency exchange Poloniex could avoid a persecution of the Securities and Exchange Commission. The SEC agreed to not pursue the exchange if it is bought by a bitcoin start-up Circle.
- According to Bloomberg: the Chinese government is planning to check accounts of citizens and companies to detect if they trade cryptocurrencies or participate in ICO. Accounts of lawbreakers will be blocked.
- The United States Securities and Exchange Commission started a mass distribution of summons to everyone who is involved in blockchain and cryptocurrency deals. The aim is to get information about the cryptocurrency market for its better regulation.
- Everyone wants its own blockchain. The head of Starbucks Howard Schultz declared that the company is going to create its own blockchain and cryptocurrency that will appear in a new payment app.
- Porsche wants to implement a blockchain in new car models. Some of the innovations are already testing.
- Japanese e-commerce giant Rakuten announced a launch of its own cryptocurrency “Rakuten Coin”. The company is owned by Viber. So the Telegram’s “Gram” may meet a competition.
- A huge project of transition of all information about transports into blockchain is being launched in Dubai. The history of any car can be tracked starting from the factory and considering all accidents, repairs, resales, and other information.
Bitcoin $11,086 (+5.06%)
DASH $613 (+4.17%)
Ethereum $870.21 (+0.41%)
Litecoin $208.93 (+1.47%)
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.