Crypto Space Over The Past Week From 2 To 8 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, Tokyo Monex Group bought Coincheck exchange, there was an epic confrontation between Vitalik Buterin and Craig Wright, Bitmain confirmed the ETH ASIC release, and cryptocurrency Verge became a victim of the 51% attack.
In the last few days, ethereum was in the spotlight. The news around it were very different, like their authors: from the founder of this cryptocurrency Vitalik Buterin to Chinese website. As a result, some of the reports are fake, and only a few of them are real news.
On Monday, April 2, Bitmain, introduced its hardware for the ethereum mining. As reported on Bitmain website, Antminer E3 sales will begin in July this year at a price of $ 800 per unit. The manufacturer limits orders to one unit per user. Hardware will not be sold in China and Taiwan.
This time ethereum developers are quietly preparing solutions to protect their detachment from hardware that could centralize ethereum mining. Thus, soon reports on the unfitness of such equipment for the ether mining may follow.
Altcoins and ICO
Kristof Van De Reck will become the president of the non-profit organization NEM Foundation. Lon Wong and Jeff McDonald will be advisers they will responsible for partnerships and seek new opportunities among startups.
The Chinesee-commerce giant, Alibaba Group, sued the Dubai fund Alibabacoin Foundation for the fact that the latter, according to the plaintiff, misleads the public with its name. The Fund issued a digital currency of the same name and distributed it through the ICO. In the ICO company raised more than $ 3.5 million.
Confidential coin Verge, known fanatical of its community, was the victim of 51% attack. A certain miner has gained control over the network hash and can now change transactions, questioning the integrity of the whole blockbuster. The hacker stole about 250,000 Verge coins and forced the project team to implement a hardfork.
A draft resolution of Russian Federation Government has published on the accreditation of organizations that issue of digital tokens. According to him, a digital token is a record in a distributed information system created using cryptographic algorithms.
The US Securities and Exchange Commission (SEC) has suspended the activities of Centra Tech, as reported in its press release. In this regard, the Binance Exchange decided to immediately delist the trading pairs with Centra (CTR).
According to the Autonomous Research report, to add token support on some well-known cryptocyrrency exchange may cost $ 1-3 million, but even such amounts do not always guarantee inclusion in the listing, as, for example, in the case of Ripple.
The cryptocurrency exchange Coincheck, which lost about $ 500 million in January as a result of the hacker attack, came under the control of Monex Group. Thanks to the deal, shares of the Japanese brokers company reached a five-year high.
On April, 5 South Korean police have detained four executives from two cryptocurrency exchanges over alleged embezzlement.
Following the recent ban on the advertising of digital currencies, Google announced that it is starting to block all apps offered for the Chrome Web Store, which are mined with crypto currency. In July, the company will remove existing apps containing mining functions.
The first quarter of 2018 brought big losses to the cryptocurrency markets. Coinmarketcap data show that since the beginning of January, the total cap of digital currencies has decreased by 59%. In addition, the first quarter has become one of the hardest in the bitcoin history. Since the beginning of the year, the main crypto currency has lost about 50% of the cost. The performance of many large altcoins is even worse: since January they have decreased by more than 70%.
Also, no attention was paid to fees in the bitcoin network, micropayments and a change in the positions of regulators. The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC), as well as the Japan Financial Services Agency (FSA) have made quite important statements regarding the cryptocurrency market.