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Crypto Space Over The Past Week From 17 To 23 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 Tom Lee, co-founder of Fundstrat Global Advisors, decided to abandon his latest Bitcoin forecast, Facebook is going to develop stablecoin for WhatsApp users, and Blockstream has expanded its satellite service and can now broadcast the bitcoin blockchain to almost the entire surface of the earth.

Opinions

According to the CEO of Circle, Jeremy Alleira, the cryptocurrency market will resume growth, but only in the long term. He stressed that now investors are actively selling coins, which was the result of the collapse of their value. However, cryptocurrencies will not only not leave the market, but will also significantly strengthen their positions.

According to the Coinbase president, Asiff Hirji, 2019 is a new stage in the development of the cryptocurrency industry. Asiff Hirji said that the global market is starting to adapt to the new game conditions, and this factor will encourage institutional investors to increase purchases of digital assets.

According to BitPay CEO, Stephen Pair, the mass distribution of payments using decentralized technologies will begin in 3-5 years. He said that Bitcoin payments will definitely become part of our life, but only some time must pass.

According to Vice-President of Needham & Co and partner of the company Blockchcain Capital, Spencer Bogart, Bitcoin is under pressure, but it will not only sustain it, but also take off to $ 50,000.

According to Binance CEO, Changpen Zhao, the collapse in prices this year is due to their "excessive" speculative growth last year. He believes that the market may begin to grow, although he admits that there is no complete certainty.

According to Eric Piscini, CEO of Citizens Reserve and the former lead on the blockchain at Deloitte, in the first days of 2019 it's time to bet on the best tokens and the best teams.

According to trader Alex Kruger, the launch of the Bakkt platform will lead to an appreciation of Bitcoin in the first quarter of 2019. However, unlike Kruger, securities expert Jake Čerwinski says that “the market may overestimate the potential of bitcoin futures on Bakkt”.

The co-founder of a major Danish Saxo Bank, billionaire Lars Christensen, earned millions on Bitcoins. Now Christensen is waiting for the start of the next “panic sale”, during which she expects to again turn to cryptotrading.

Ratings

Analysts at Bloomberg said that Tether has sufficient funds for the full and timely fulfillment of obligations to investors.

Kaspersky Lab specialists conducted a survey of Internet users and found that only 13% of Russian citizens use Bitcoin and Altcoins when paying for goods and services. The vast majority of our compatriots pay for purchases with a bank card (88%). 76% of Russians use the services of various payment systems, including e-wallets.

The Mosaic research report says that the Asian region has the greatest impact on cryptocurrency. It turned out that the news events in Asia significantly affect the bitcoin volatility, while the number of cryptocurrency exchanges aimed at Asian investors continues to grow.

According to the survey of the American Depository Trust and Clearing Corporation (DTCC)financial technologies represent a systemic risk to the economy. The corporation conducted a large-scale survey, and 20% of its participants said that in 2019 financial technologies would pose a threat to the existing global economy. Those who think that way, was 15% more compared to last year's survey.

According to the data of the analytical company Chainalysis, there are about 460 million addresses in the Bitcoin network that can send and receive coins. Economically significant addresses make up only 37% (or 172 million addresses). Of the 37% of economically significant addresses, 86% belong to services like exchanges or marketplaces on the darknet.

According to a study by Social Science Research, there are thousands of groups in popular messengers who are involved in pump-and-dump fraudulent schemes.

Altcoins

Vitalik Buterin has just transfered funds to finance work to improve the ethereum blockchain. Funds received in the form of donations to startups Prysmatic Labs, ChainSafe Systems and Sigma Prime. Each team received from Buterin 1000 ETH, which is approximately $ 100,000.

Ripple CEO, Brad Garlinghaus, said that the XRP coins will remain as a valuable asset even if the development company is forced out of the market. This token will survive, if only because Ripple is not only the most important participant in its ecosystem. It includes other companies and banks that can support this asset.

The creator of cryptocurrency Nano Colin Lemahieu believes that his product has much more advantages than the network of digital currency Ripple. In his opinion, in many ways, the Nano network is much faster and more economical than Ripple.

The software update of the cryptocurrency network Zcash, which took place at the end of October, could not significantly increase its throughput capabilities. This is the conclusion made by analysts of the BL Blockspur service, which tracks the activity of users of the Zcash and Zcash Classic platforms.

According to MoneroBlocks.info, a Monero blockchain browser (XMR), miners have already mined 16,658,667 (90%) of coins against a total emission of 18.4 million XMR. The main issue of Monero will continue until May 31, 2022. After it, a new period of “tail emission” (Tail Emission) will begin, which will bring a reward in the amount of 0.6 XMR per unit.

According to Charles Hoskinson, the founder of Cardano, in the near future this digital asset will return to the list of the five largest cryptocurrencies. Hoskinson said Cardano’s growth would resume after the developers finally separated the project from the airwaves.

Cryptocurrency Exchange

Most recently, the Blockchain Transparency Institute (BTI) published a research report stating that most of the top 25 leading cryptocurrency provide excessive data on trading volumes on their sites, and that only Bitfinex and Binance disclose accurate information.

Coinbase Pro has added ERC20 tokens to its platform: Dai (DAI), Golem (GNT), Maker (MKR) and Zilliqa (ZIL). Coinbase also officially confirmed the information received earlier about its involvement in a major transfer of digital assets.

The leaders of the largest South Korean cryptocurrency Upbit are accused of deceiving investors and fraud. Presumably, three exchange managers last September created a fake account, after which they placed fake orders for two months to create the appearance of solid cryptocurrency transactions and attract new investors.

Regulation

Deputies of the State Duma of the Russian Federation decided to abandon the introduction of limits on raising funds through crowdfunding platforms. Initially, parliamentarians considered the possibility of introducing a limit on raising funds through the placement of tokens within no more than 100,000 rubles in one project. But now it was decided to abandon such a limit, but to keep the annual limit on financing the project no more than 600,000 rubles.

The central theme of the World Economic Forum (WEF), which will be held from 22 to 25 January 2019 in Davos, Switzerland, will be "the interaction of states and individual players in the period of active development of new technologies, such as the blockchain, cryptocurrency, and others." This was stated on November 5 by the president of the forum Børge Brende.

Japan Financial Services Agency (FSA) has published a draft report on the new cryptocurrency legislation. Regulators are proposing measures designed to solve problems that are not resolved under existing laws, namely, hacking, self-regulation, confidential coins and margin trading. The FSA also re-issued a license to the Coincheck Exchange, which in January of this year was robbed of more than $ 500 million.

The Brazilian State Social Development Bank is preparing to release its own crypto token, which will be in circulation in parallel with the national fiat currency.

Donald Trump appointed Mick Mulvaney to the post of head of the White House administration. Malvani said earlier that “the blockchain technology is capable of fundamentally changing financial services, the US economy and the provision of public services.”

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