Weekly CryptoReport: 15-19 January

Weekly CryptoReport: 15-19 January

Bitcoin could be here for 100 years but it's more likely to 'totally collapse' - Robert Shiller, Nobel laureate, Yale University Professor of Economics, co-founder of Case-Shiller Index

This week demonstrated us the real collapse of Bitcoin, but what else happened on the cryptocurrency market, let’s sum up.

  • Bitcoin is under tax. Israel is going to tax companies who get profit from cryptocurrencies. Furthermore, individuals whose profit is at the business level will pay too.
  • Bitcoin is not a competitor for Visa. The Chief Executive Officer of Visa Alfred Kelly claimed that. Kelly said that Visa will not work with this currency too because Bitcoin is not confirmed to be a real currency by the government.
  • Two cryptocurrency ETF-funds were launched by the stock exchange “Nasdaq” despite the reluctance of the SEC. They will invest in blockchain start-ups.
  • Ethereum in the Space. NASA gave a grant of $330K on the development of a communication system between satellites with the use of blockchain Ethereum.
  • A new leader on the crypto stock exchange market appeared. The South Korean crypto stock exchange Upbit is the first by volume of daily trading. An important fact is that it was launched just in November 2017.
  • The hugest Japanese bank Mitsubishi UFJ Financial Group is expanding on the crypto market. It applied for its own crypto stock exchange. Also, it plans to create service for traders. But what is more, it is going create its own cryptocurrency MUFG Coin pegged to the JPY.
  • Scientists of Cornell University compared Bitcoin and Ethereum and found out that Ethereum network nodes are better internationally located than Bitcoin nodes. It means that Ethereum is more decentralized than Bitcoin. However, decentralization is under the big question.
  • The most expensive. ICO Telegram is planning to engage $1,2 billion, it never happened in the history. However, the thing is that this information is not confirmed.
  • BitcoinCash is growing. Currently, the number of transactions is 110K, that is the half of Bitcoin transactions.
  • Fenbushi Capital lost, Ethereum won. Vitalik Buterin is not a General partner of a Chinese venture fund Fenbushi Capital that invests in blockchain start-ups anymore. We hope that it will give him more time for Ethereum project.
  • Lightning Network has started to work. It was launched on 35 nodes, that is too little. But it gave good chances for the realization of the project of payments with minimum commissions.
  • Joint venture. A.P. Moller-Maersk and IBM claimed their interest to form a joint venture with the use of blockchain.
  • El Petro is under the US ban. The US government forbade American investors to support the Venezuelan cryptocurrency because of the sanctions.
  • BitConnect – financial pyramid. BitConnect officially announced the termination of work. However, the website BitConnect.co will serve e-wallets and present news.
  • It seems like the Alibaba Group does not care about the possibility of cryptocurrency ban in China. Alibaba launched a platform of cryptocurrency mining. But the information is unofficial.


How to trade the JPY?
How to trade the JPY?

Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:

Is Inflation Defeated?
Is Inflation Defeated?

Now traders follow the economic events with new vision as inflation in the US seems like decreasing. Let’s see what releases will influence the market due to that factor.

Who Will Rule the US?
Who Will Rule the US?

The week will have the biggest event in the US political process over the last two years. How will the elections affect the Forex market? We covered the most important news of this week in this report.

Latest news

Increased Volatility is Coming
Increased Volatility is Coming

The Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.

Market Crash Incoming?
Market Crash Incoming?

This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.

What Currency Will Overperform?
What Currency Will Overperform?

S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera