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Crypto Space Over The Past Week From 24 To 30 Of December, 2018

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At the end of the week, we resume everything that the crypto community talked about over the past seven days. This week Intercontinental Exchange announced that the launch of Bakkt was postponed to a later date, the head of Binance, Changpeng Zhao, shared his opinion on the state of the cryptocurrency industry, and FinExpertiza recognized Bitcoin as the “most disastrous investment of 2018”.

Opinions

BitMEX CEO, Arthur Hayes, says that Ethereum (ETH) can make an aggressive rebound, although in the next 12-18 months before the ICO revival, the focus will be stablecoins and investment tokens.

The main cryptocurrency will still trade below $ 3,000. This opinion expressed by the founder of Morgan Creek, Anthony Pompliano.

Payoneer CEO Scott Galit believes that Bitcoin will not to be able to become a global non-fiat currency, as no state will agree to accept due to its decentralization.

According to State Duma Deputy Anatoly Aksakov, who heads the Committee on the Financial Market, Russian programmers could create Bitcoin.

Ratings

By the end of 2018, the network of the main cryptocurrency processed transactions totaling up to $ 410 billion. Blockchain.com reports such data, and notes that, on average, the Bitcoin platform processes transactions up to about $ 13,000 per second.

According to the company Diar, in December, ICO-startups sharply increased ETH sales, eliminating more than 400,000 coins in just one month. This is the largest sale of funds in 2018, analysts said.

The Japanese yen surpassed the US dollar, becoming the most actively traded national currency in the cryptocurrency market. According to the Coinhills, the current market share of the yen is 48.34%, while the US dollar is 43.77%. The third and fourth currencies in the cryptocurrency market are the Korean won (6.8%) and the Euro (1.07%).

Twitter survey attended by more than 14,600 users demonstrated that more than 50% of respondents said they would like to get XRP, 37% of users favored Bitcoin as a Christmas gift.

According to a recent survey, Binance was recognized as the most reliable cryptocurrency platform. It has the highest trade volumes, as well as one of the most active managers - Changpeng Zhao.

Altcoins

Ethereum integrates a solution of the Raiden Network. The new protocol to increase the scalability of the platform will increase the number of transactions up to 1 million per second. The Raiden Network team, on its Twitter, announced the successful testing of a new solution in the core network.

EOS cryptocurrency again led the updated Chinese crypto rate. Bitcoin continues to lose ground - in the updated ranking it received 18th place, while the previous version was located on the 13th.

Litecoin Foundation sponsored the fight between the fighters of the Ultimate Fighting Championship (UFC) Jon Jones and Alexander Gustafsson.

Representatives of the Russian metallurgical company Norilsk Nickel are negotiating with the Huobi cryptocurrency exchange to place a steablcoin secured with metals on the platform. Earlier it was reported that the leadership of the metallurgical giant plans to release its own cryptocurrency next year. This asset will have collateral in the form of non-ferrous metals, which will minimize the risks of its volatility in the market.

The Altcoin's Bitcoin Private (BTCP) development team has officially confirmed the creation of 2.04 million BTCPs, “which never existed in the blockchain.”

Mining

Well-known Asian cryptocurrency entrepreneur and insider Davie Wang says that Bitmain terminates 50% of all employees.
According to Kyle Samani, managing partner of the Multicoin Capital investment fund, Bitmain's financial problems could provoke a collapse in the cost of Bitcoin Cash (BCH) and Litecoin (LTC) cryptocurrency.

The Japanese company GMO Internet Group decided to stop all operations related to the production of hardware for mining Bitcoins. In 2017, the company seriously targeted bitcoin mining and equipment manufacturing for it, but now refers to “excessive losses” in the fourth quarter of 2018. Now GMO says it will no longer "develop, produce, and sell miners."

In early December, residents of the village of Churilkovo, Yaroslavl region began to complain about interruptions in energy supply. It turned out that local entrepreneur Ilya Zolotov began to heat his house with the help of equipment intended for the extraction of cryptocurrencies.

Regulation

Russian parliamentarians have set themselves the task of adopting bills on the digital economy as a matter of priority. About this in an interview tot"Russia 24" said State Duma Speaker Vyacheslav Volodin. He stressed that there are now more than a thousand different bills in the portfolio of parliament that need to be adopted as soon as possible.

According to the decisions of the Bank of Russia in relation to financial market participants, from January 27, 2019, licenses of such Forex dealers as Forex Club, Fix Trade, Trastforex, Alpari Forex and Teletrade Group are canceled. Thus, the Central Bank deprived of the licenses of five of the nine Russian forex dealers - Alfa-forex, VTB-forex, PSB-forex and Finam-forex remained.

Indian authorities can legalize cryptocurrencies, but on tough conditions. The interdepartmental commission created by the government to study cryptocurrency does not support the idea of ​​a total ban on cryptocurrency. D

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