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Crypto Space Over The Past Week From 18 To 24 Of March, 2019

bitcoin gold

At the end of the week, we resume everything that the crypto community talked about over the past seven days. This week the largest Swiss online store Digitec Galaxus began accepting Bitcoin and other cryptocurrencies, Jack Dorsey began to recruit a team of specialists to solve basic problems of the cryptocurrency ecosystem, the creator of the Ethereum Vitalik Buterin spoke about the need to increase the number of transactions in network to 100,000 per second, and Bitmain plans to launch another 200,000 ASIC miners in China by the end of the summer of 2019.

Opinions

American venture investor Tim Draper is convinced that people will start switching to the use of Bitcoin and altcoins in about two years.

According to CEO Circle Jeremy Allaire, stablecoins will be most popular. Such assets will receive the most massive distribution and push into the background coins issued by individual companies.

According to the co-founder and CEO of the investment company BKCM, Brian Kelly, the decision of the Chicago Stock Options Exchange (CBOE) to refuse Bitcoin futures will have a positive impact on the positions of the largest cryptocurrency.

According to the leader of the EOS cryptocurrency development team Brendan Blümer, over the next two decades Bitcoin (BTC) will be able to completely oust the gold.

According to the general director of the BitMEX cryptocurrency exchange Arthur Hayes, by the end of 2019, Bitcoin (BTC) will be able to test the psychological mark of $ 10,000.

According to Tom Lee, the co-founder of Fundstrat Global Advisors, Bitcoin is going to show a jump to $ 10-20,000. He is confident that the main driver of the cryptocurrency market growth will be the weakening of the US dollar. Mike Novogratz, who heads the company Galaxy Digital, is also optimistic.

Pauline Kalfon, a blockchain partner in the French division of PricewaterhouseCoopers, an auditing company, said that the French Central Bank is unlikely to release its own digital currency in the near future. At the same time, Kalfon noted that before a possible release of digital currencies by central banks, it is better to watch the tokenization of fiat currencies by corporations like Facebook and JPMorgan.

The project to create a "sovereign Internet" threatens Russians with isolation from the global cryptocurrency market - such an opinion was expressed by the Deputy of the State Duma of the Russian Federation from Yakutia Fedot Tumusov, the representative of the Fair Russia pariah.

Ratings

The developers of the CoinMarketCap service have integrated into the system the option of a fundamental assessment of the state of any cryptocurrency. We are talking about the FCAS indicator, which will analyze each digital asset included in the CoinMarketCap rating for its popularity, performance, transparency and reliability. CoinMarketCap also launches two cryptocurrency indexes on the Nasdaq Global Index Data Service (GIDS), Bloomberg Terminal, Thomson Reuters Eikon (Refinitiv) and the Stuttgart Stock Exchange.

Analytical company CipherBlade analyzed the investigation of The Wall Street Journal (WSJ) regarding the alleged involvement of the ShapeShift cryptocurrency exchange in money laundering. The CipherBlade study shows that the WSJ figures are greatly overestimated and cryptoactives worth less than $ 2.2 million may relate to money laundering.

The head of the Tetras Capital cryptocurrency hedge fund, Alex Sunnarborg, recently spoke about the financial situation of Vitaly Buterin. In his series of six posts, Sunnarborg analyzed Buterin’s publicly accessible wallets. Referring to the data of Etherscan, he determined that Buterin currently ranks 24th in terms of the amount of ether.

Bitcoin's domination index on the crypto market has fallen to its lowest level in the last three months. On March 15, the BTC domination index dipped below 51% for the first time since December 2018.

Cryptocurrency Exchange

Bithumb, the largest cryptocurrency exchange in South Korea, plans to cut 50% of its staff (from 310 to about 150 employees). In its official statement, the company notes that it expects the departure mainly of those employees who themselves want to leave the company.

On March 19, the Binance Launchpad hosted the CELR tokens IEO Celer Network tokens. The Twitter community has flooded the official Binance pages with frustrated and angry comments. Binance Launchpad once again failed to cope with great demand, as users report technical problems that appeared from the very beginning of the sale. Binance also announced plans to launch the Binance Lite Australia service, which will allow Australians to buy Bitcoins for fiat money.

Since the launch in late February, the price of the derivative of the Gram token on the Xena Exchange crypto-exchange has quadrupled.

Technology

The Blockstream company introduced the updated (in fact brand new) mobile bitcoin wallet GreenAddress, which is now renamed to Blockstream Green Wallet. The application is available for download on both Android and iOS. The code for both applications is fully open and available on GitHub.

Casa cryptocurrency startup in partnership with Silent Pocket introduced the Casa Faraday case, designed to protect hardware wallets. Such a case not only protects hardware wallets from dust and water, but also shields (blocks) electromagnetic waves - mobile communications, GPS, Bluetooth, Wi-Fi, RFID, NFC, etc.

Craig Wright, who was blocked on Twitter this week and who has repeatedly stated that he is “the creator of bitcoins Satoshi Nakamoto”, has filed many applications for blockchain patents since 2017 - the World Intellectual Property Organization (WIPO) published 155 applications. Some experts call Wright a “patent troll”, which “collects” blockchain patents not for the purpose of their realization, but in order to receive interest from companies that would like to apply this or that technology.

Regulation

The Federal Security Service sent to the State Duma comments on the draft law on digital financial assets, which indicated that the document did not resolve the issue of money laundering using cryptocurrency.

Almost all the comments on Bitcoin-ETF for the US Securities and Exchange Commission were negative. Of the seven comments received on the proposals, six strongly urge not to approve a bitcoin-ETF.

On March 20, the Swiss parliament approved the proposal that the government regulate cryptocurrency. The proposal states that the government will be engaged in “adapting the provisions on judicial and administrative procedural instruments so that they can also be applied to cryptocurrencies”.

Venezuelan authorities are considering options for a sharp increase in commissions for conducting transactions using Bitcoin or other cryptocurrency. The team of Venezuelan President Nicolas Maduro decided to take advantage of the growing popularity of digital currencies in order to replenish the treasury of the state, which is in a state of acute social and economic crisis.

An Israeli court defended one mining company after a local bank decided to close its account, believing that the company's activities may be related to money laundering.

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