Crypto Space Over The Past Week From 16 To 22 Of April, 2018
At the end of the week, we resume everything that the crypto community talked about over the past seven days. This week Roskomnadzor blocked Telegram, the prosecutor of New York sent initiative to 13 cryptoexchanges, and others.
Certainly, the it was the blocking of the Telegram app. In response to the blocking, the creator of Telegram, Pavel Durov, called on users to help with the financing of VPN and proxy services, and also stated his willingness to sponsor the fight for freedom of speech with bitcoin-grants generously. The true reason for the Telegram messenger blocking in Russia could be Pavel Durov's plans to create a Gram cryptocurrency, although there is as yet no convincing evidence of this version. Meanwhile, the fake websites around ICO Telegram once again enriched the scammers. Durov also asked users to report on "GRAM proposals".
In the US, the main news was the statement of New York Attorney General Eric Schneiderman regarding the world's most popular cryptocurrency exchanges. On Tuesday, April 17, Schneiderman sent "The Virtual Markets Integrity Initiative". According to him it is a issue of "investigating the policy and practice" of cryptocurrency trading platforms. In response to request Jesse Powell said that Kraken will not disclose information regarding the activities of the exchange.
One more news from Kraken became the statement of the exchange for the termination of the activity on the Japanese market. The company explains termination of work with the growing costs of operations.
Another major exchange, Binance, announced the results of the tokens BNB elliminate for the second quarter of 2018. In accordance with their white paper, the crytpocurrency exchange elliminated 2,220,314 BNB (approximately $ 30 million).
The Huobi exchange included Cardano tokens in the listing and along with Binance and Bittrex became another major platform supporting Cardano. The inclusion nose on Binance has grown significantly in the Asian markets, outscoring even EOS. It seems that the Cardano boom is returning, as the coin has won about 5% of the volume of trading in the entire cryptocurrency market.
South Korean cryptocurrency exchange Bithumb, one of the largest in the country, published its first report on the results of the audit. It follows that the exchange has reserves in 12 cryptocurrencies, the aggregate value of which reaches $ 6 billion. Also, the exchange announced the release of its own coin with through ICO.
Localbitcoins, p2p exchange platform, is going to implement AML/KYC policy. While service hasn't published the official statement for updating of the policy according to standard requirements.
Dow Jones Media Group joined the Brave Software team to jointly test the Brave platform and its digital advertising token BAT (Basic Attention Token). On April 18, both companies announced that they would experiment with blocking technology in the field of digital advertising and media publications. Collaboration involves testing the digital advertising platform Brave browser and its own currency BAT for the brands of the Dow Jones Media Group, including Barron's, Wall Street Journal and MarketWatch.
The new release of ethereum client Geth is available with one remarkable improvement that "optimizes the pr ocessing of dirty objects during block processing, which makes the blocks 40% faster." At the same time, optimizing the blocks by 40% can increase network scability. Also, the Ethereum Foundation announced its readiness to invest in any project that works to improve the security of cryptocurrency wallets.
According to rumors, large investors in the crypto currency sector - Andreessen Horowitz and Union Square Ventures - held an informal meeting with officials of the US Securities and Exchange Commission (SEC). Business representatives allegedly stated that the cryptocurrency restrictions could become a deterrent to the development of innovative blockchain technologies, and pointed to the fact that tokens do not relate to investments (and, accordingly, securities). However, investors do not object to the intervention of the SEC in the case of fraud.
Coinbase purchased the Earn.com platform, which allows you to earn bitcoins and spend them. CEO Balaji Srinivasan believes that the main direction of his work will be attracting the best developers in Coinbase. As other priorities, he sees the advancement of blocking technology and crypto currency, as well as assistance in developing an internal technical strategy that includes the integration and expansion of Earn.com to paid mail services.
Platform p2p-services Origin raised $ 28.5 million in tokens, held on the model SAFT (Simple Agreement for Future Tokens). The results of the fundraising campaign became known due to the document form D, which on Tuesday, April 17, was published by the Securities and Exchange Commission (SEC). According to the document, 190 accredited investors took part in the sales round that took place from January to April this year.
San Francisco startup Rare Bits attracted $ 6 million in the Series A to maintain the online market for unique crypto assets and collectibles. The startup will use the investments to increase its staff and expand the supply of cryptographic objects for collecting and rare crypto assets in its market.
The head of the IMF, Christine Lagarde, predicts a large-scale transition to digital money from government-issued currencies. According to Lagarde, the cryptocurrencies that can survive will significantly affect how we store, invest and pay our bills. The advantages of cryptocurrency, according to Lagarde, are fast and inexpensive transactions that offer the convenience of cash. She stressed that "some payment services now make foreign transfers within a few hours, not days."
Danish investment bank Saxo Bank published a survey according to which in the near future decline in cryptocurrency market will continue due to a possible increased pressure from regulators and the further sale of large volumes cryptocurrency, as it was with Bitcoins when Mt. Gox, but "you can not exclude the possibility of returning to the previous state."