Home » Interesting » How Does Mining Develop In 2018?

Crypto Space Over The Past Week From 30 Of April To 6 Of May , 2018

bitcoin

At the end of the week, we resume everything that the crypto community talked about over the past seven days. This week the main news were events such as cancellation of Telegram public tokensale, a collective lawsuit against Ripple and rebranding Coinmarketcap.

Cryptocurrency Exchanges

On May 1, Bitfinex announced the support of Stellar, Verge and BitcoinInterest. Also the trading platform transferred TRX tokens ERC20 to TRON's public blockchain.

Since May 15, Poloniex will implement three updates. Starting from this date, fees, which size excange will reduce to 0.20% and calculate on a 30-day trading volume in US dollars, and not in bitcoin. Also, the exchange will reduce the 30-day limit on the volume of trades required to receive a discount.

Kucoin cryptocurrency exchange intends to trade tokens with a small amount in "special regime" with delisting or the final ban in the future. Such coins will be marked accordingly, so that traders will be able to know that there is a risk of their removal.

Due to the clearly prescribed Malta legislation, where authorities have recently announced that they intend to create a favorable for the cryptocurrency regime, now accounts for the largest share of world trade in cryptocurrencies, although this country ranks only 22nd in the number of registered cryptocurrency companies (a huge volume of trades it provided first of all, that the Binance exchange moved operations from Hong Kong to Malta).

Investments And Business

Telegram will suspend its ICO and will not conduct an public tokensale. The Wall Street Journal has reported about it, referring to an anonymous source. As the reason is cancellation tougher rules of regulators concerning ICO. The fact that Telegram has already raised enough funds during the private ICO may be other reason.

Peter Thiel has invested $ 15.5 million in a bitcoin startup Tagomi Systems, which plans to service orders for the purchase and sale of cryptocurrencies by providing brokerage services to institutional investors and investment companies.

The world's largest investment bank Goldman Sachs will launch bitcoin futures trading. The bank still plans to launch this project on a modest scale, starting with a limited set of derivatives without direct trade in bitcoins.

BMW, Ford, GM and Renault have joined forces with technology suppliers and startups to form the largest in the history of the blockchain consortium in the automotive sector. The project called the Mobility Open Blockchain Initiative (MOBI) plans to create a common standard of distributed ledgers and a software interface for payments and data exchange between cars, thus creating a new ecosystem of digital mobility.

Opinions

In an annual letter to investors Google cofounder, Sergey Brin, stated that the growth of the need for the mining industry in computing power, along with other factors, caused a "boom in computing resources." Currently, Google is exploring the prospects for blockchain technology and implementing its own development.

Reddit cofounder Alexis Ohanian predicts that in 2018 the price of the Ethereum will reach $ 15,000. By the way, payments for a premium subscription to Reddit will soon be possible again in the cryptocurrency (not only in bitcoin, as before, but also in ether and litecoin).

Cai Wensheng, the founder of Meitu Inc. in a recent interview told that he had a goal to buy 10,000 bitcoins, which he was able to achieve due to a fall in the course in 2018.

In its new annual report, the International Monetary Fund came to the conclusion that cryptocurrencies do not threaten the stability of the world economy. Also in the cryptocurrencies, the police of Hong Kong and the head of Europol Rob Wainwright did not see a threat.

Regulation

In order to prevent money laundering and other criminal activities, the Japan Financial Services Agency (FSA) secretly puts pressure upon the cryptoexchanges that have refused operations with Monero (XMR), Zcash (ZEC), Dash (DASH) and also other cryptocurrencies with the increased anonymity.

On May, 7 a working group of regulators, including officials from the SEC and the CFTC, will discuss whether Ethereum can be considered securities, and its legal status, since it is believed that the air is in the "gray zone" and its creation in 2014 was an illegal sale of securities. However, the SEC does not plan to ban ICO projects and is considering options for legalizing investment activities in the cryptocurrency sector.

Against Ripple filed a class action claiming that the company from San Francisco "from scratch" created billions of coins and cashed in selling them to the public during the "endless ICO." The plaintiffs believe that Ripple has violated state and federal laws by offering unlisted securities to retail investors.

Soon members of the National Assembly of South Korea can discuss the long-awaited bill, thanks to which the ban on ICO will be lifted. However, we are not talking about the complete abolition of the ban: the bill only proposes to allow the activities of ICOs, initiated by research centers and the public sector.

Other Events

CoinMarketCap website rebranded, and Ethereum creator Vitalik Buterin published a substantiation of sharding concept - update of Ethereum blockchain. OpenBazaar developed a large-scale update of  trading p2p platform, which recently received investments from Bitmain. The mining manufacturer announced a new ASIC called Antminer Z9 mini, working on the algorithm Equihash, which mine such cryptocurrencies as Bitcoin Gold, Zcash, ZenCash and Hush.

Discuss