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Crypto Space Over The Past Week From 11 To 17 of February, 2019

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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 State Duma deputies passed a bill to “protect” the Russian Internet segment, JP Morgan announced the launch of its own digital currency, the administration of the American Stock Exchange Nasdaq announced plans to launch Bitcoin and Ethereum indices on February 25, and the total amount of remuneration for mining due to “ Difficulty Bomb "dropped from 20,000 to 13,000 ETH per day.

Opinions

According to the billionaire and the head of the Galaxy Digital investment company Mike Novogratz, each hedge fund has to invest at least 1% of its funds to purchase of Bitcoin. Novogratz also once again declared the inevitability of the resumption of the Bitcoin rally.

According to the CEO of Digital Currency Group Barry Silbert, the “bearish” trend will be able to lead to the disappearance of most digital currencies in the market , but Bitcoin is not only survive, but also significantly strengthen its position.

Chinese Bitcoin billionaire Zhao Dong said that the "crypto winter of 2019 will not have a thaw," but now is the best time to "stock up and store."

Bitcoin.com CEO Roger Ver said Bitcoin is for those who love censure, and Bitcoin Cash fork is "a real cryptocurrency supports freedom, financial sovereignty and open discussion."

Brad Garlinghaus, CEO of Ripple, said that the creation of banking cryptocurrencies is "inappropriate" and that they "have no meaning and no sense." Such a comment was published after reports that JP Morgan release its own JPM Coin. Of course, Garlinghaus did not forget to mention the wide possibilities of XRP for interbank cross-border settlements.

Commissioner of the US Commodity Futures Trading Commission, Brian Quintens, has criticized the foundations of the US Securities and Exchange Commission (SEC), cause it does not approve Bitcoin ETF yet.

Tom Lee, the cofounder of Fundstrat Global Advisors, believes that the cryptocurrency market will start to grow aggressively in the near future.

Ratings

According to the BL blockchainchain servicethe average block size in the Bitcoin network is about 1.305 MB on 12 February. At the same time, productivity grows in terms of low transaction fees. The increase in the blockchain's capabilities resulted of the SegWit protocol integration. Up to 40% of transactions in the Bitcoin network are made using this solution.

Analytical service CoinSchedule published a report stating that ICO projects in January 2019 attracted significantly more investments than at the beginning of 2017. However, if compared with the figures for 2018, this year the attractiveness of ICO has decreased significantly.

According to data provided by analyst firm Pitchbook, last year in the US crypto industry concluded a record number of mergers and acquisitions (M & A) for a total of $ 559 million. Four out of ten major transactions in the industry were closed last year.

According to Bloomberg, crypto investors and miners are now turning to derivatives such as options in an attempt to survive a protracted downturn in the market. Bloomberg speaks of the growing popularity of complex trading tools that make it possible to earn in the short term, as well as the difficulties of survival during the longest “bear market” in this industry.

According to a CoinTelegraph portal survey, most major investors are actively watching the dynamics of the movement of cryptocurrency and are ready to start buying these assets over the next five years.

According to a study by the company INFOHOLIC Research, the cases of blockchain technologies in the energy sector will increase by about 60%. At the end of 2018, the use of blockchain products by energy enterprises estimated at $ 210.4 million; Analysts expect an increase in this amount in 2024 to $ 3.4 billion.

Cryptocurrency Exchange

According to the head of the Binance cryptocurrency exchange Changpen Zhao, at the end of February, the launch of its own blockchain platform of the Binance Chain trading platform will take place in a test format.

Thong Zaw, a 30-year-old former BitTorrent and Walmart programmer, lost almost all of his savings (about $ 422,000) in cryptocurrencies on the Canadian exchange QuadrigaCX.

Coinbase Exchange has launched a new feature allows customers to store private keys in a secure cloud service. It is reported that the new feature is a built-in option that reserves the private keys of each client in iCloud or Google Drive.

Former director of the Mt. Gox cryptocurrency exchange Mark Carpeles denied any possibility of resuming its work. Talk about a possible restart of the exchange was initiated by actor Brock Pierce who stated about the possibility to resume the exchange and best compensate the damage to traders affected by the 2014 hacking.

Regulation

Recently, the US Securities and Exchange Commission (SEC) asked Reality Shares ETF Trust to withdraw a request for cryptocurrency ETFs. In an official letter published by the US regulator on February 12, the SEC explained that the application was withdrawn "at the request of the Commission staff."

The Venezuelan government began to regulate remittances in cryptocurrencies. The regulator has set a monthly limit and intends to collect commissions in the amount of 15% of the transaction amount.

Indonesian cryptocurrency traders complain about new rules for working with futures, which require an excessively large "minimum" capital. The Central Bank of Indonesia has banned the use of cryptocurrencies as a payment tool, but crypto-trading remains legal. Last week, the local regulator of stock trading set for new traders offering futures contracts for crypto assets, the minimum amount of paid-up capital - $ 1 trillion. rupees ($ 71.17 million).

Iranian banks began selling their real estate for cryptocurrency. We are talking about those objects in which previously invested banks (land and other real estate). Now, because of the urgent need for cash, banks are getting rid of this property.

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