The American operator of payment cards American Express in cooperation with the Spanish bank Santander UK, launched a new payment corridor between the US and the UK using the distributed network Ripple. RippleNet technology has enabled AmEx customers located in the United States and using US dollars to connect with Santander bank customers in the UK using British pounds sterling.
On November 15, the Chinese stock exchange OKCoin showed the value of the Bitcoin price above $ 15,000: on social networks, comments began to appear on the strange dynamics at OKCoin, the chart of which showed a 24.3 hour increase in Bitcoin at 123.21%, resulting in a new historic maximum of $ 15,151.
Bitcoin futures on major stock and commodity exchanges are the hottest topic of the month. The other day CME Group said that the launch of contract trading Bitcoins is a matter of several weeks. This will allow large investors to speculate on the price of Bitcoin, not having the most crypto currency in the portfolio. Earlier CBOE - another Chicago exchange, a competitor to CME, reported on the preparation of the launch of the stock market Bitcoin. And now the British Man Group can become the next company that will launch Bitcoin futures.
New patent applications from MasterCard show that one of the largest credit card operators looks at the blockchain as a way to make the calculations more simple and quick. In a patent application published last week in the US Patent and Trademark Office (USPTO), the company describes a database on a blockchain that can instantly process payments, ensuring that sellers do not need to wait a few days to receive funds for their goods.
This week, the dispute between the US Internal Revenue Service (IRS) and Coinbase again worsened as the magistrate in charge of the case accepted the IRS side. Last Thursday in California, the two organizations met in court to continue litigation over the controversial case, which began almost a year ago. At recent hearings, the IRS proposal for a tax audit of Coinbase customers was discussed, which used the platform from 2013 to 2015. At the last hearing, US Justice Jacqueline Scott Corley noted that she approves the arguments put forward by the IRS, and considers the verification justified.
Mike Novogratz, former head of the hedge fund of the Fortress Investment Group, who recently became a cryptocurrency investor, noted that he believes that institutional investors are only a few weeks from the mass adoption of Bitcoin and the Ethereum. Novogratz also said that this migration from Wall Street would lead to a sharp rise in prices for cryptocurrencies.
Dragonchain, a blockchain-start-up company founded by Disney, managed to raise about $ 13.7 million with the help of the initial coin offering (ICO). As indicated on the project site, during the two-stage crowdsale 30 521 ETH and 622.47 BTC were collected. In the course of the pre-session, which began in August, the start-up managed to attract about 1.4 million dollars (152.25 BTC and 2357.53 ETH). The main stage of the token was completed at the end of last week.
The State Electric Power Company of China refutes rumors that they are cutting off miners in Sichuan province for mining Bitcoins. A few hours ago, a rumor was spread that the state grid of the country was going to cut off all those who are producing Bitcoins in Sichuan province from the power grids on the grounds that it is illegal activity. Sichuan has long been the main mining center in China. Since the province has a lot of hydroelectric power stations, due to this there is very cheap electricity. Many transfer their mining centers to Sichuan and sublet them.
With what only predictions of Bitcoin prices we have not encountered lately! From conservative to bold and even fantastic. But what seemed unthinkable a year ago, now we already see on the charts. Some experts, for example, the representative of Boston University, Mark T. Williams (Mark T. Williams), otherwise known as Professor Bitcorn, several years ago prophesied the death of the crypto currency. Others, on the contrary, believe that the main rally is yet to come. It's impossible to say with certainty which of the two camps is right, how many people, so many opinions. The crypto currency investor and the head of Morgan Creek Capital Management, Mark Yusko, is sure that once the price of Bitcoin reaches 400,000 US dollars.
Even before bitcoin was invented, the British economist John Maynard Keynes developed a technique of calculation the annual interest rate of the crypto currency. According to experts, now it is about 57%. Born June 5, 1883 in English Cambridge, Keynes witnessed a tumultuous period in British history. After passing through the Boer War, both world wars and the world economic depression, he passed away on April 21, 1946. During his life he became famous as one of the world's leading economists. His most famous work is The General Theory of Employment, Interest and Money, which was published in 1936 and became a model for future economic thought.
The Commission of Experts of the Bureau of Customs and Border Control of the United States (CBP) is studying the applicability of the blockchain and how it can be used within the agency's work. According to the published report, the working group was established by the Advisory Committee of Commercial Customs Operations (COAC) in September. Originally it was established by the COAC and the Bureau of Customs and Border Control to identify issues related to new technologies or the promotion of existing technologies that will affect trade.
The US Securities and Exchange Commission (SEC) issued a statement that calls public support for various ICO celebrities of all kinds "potentially illegal" and warns that "stars" who thus advertise tokens may be held responsible for violating federal securities laws. In a joint statement issued by the SEC's special unit dealing with violations in the ICO and the SEC Office for Supervision and Verification, it is written that public support for celebrity ICO potentially violates the rules for securities regulation, since they do not properly disclose the source and amount of compensation paid for an advertising campaign.
The largest economy of the European Union finally reacted to the booming ICO in the world. The Federal Office of Financial Supervision of Germany (BaFin) warned investors about the risks associated with participation in the ICO, as this is a "very speculative form of investment." The financial regulator in its statement urged investors to be cautious about the risks and be prepared for a complete loss of money, as a high level of public interest in ICO attracts scammers.
The creators of Bitconnect consider it "decentralized P2P-Crypto-currency based on an open source code that allows people to store and invest their money in a government-unchecked currency and even earn a significant return on investment." Critics of Bitconnect consider it a financial pyramid, which rewards the first customers and leaves the rest with nothing. While cynics can assert the same thing about many crypto-currencies, there is evidence that Bitconnect and the truth may be unclean.
Bram Cohen, the creator of the famous BitTorrent file sharing protocol, announced that he was one step closer to "solving the problem of centralizing Bitcoin." In an interview with TechCrunch magazine, Cohen said that Chia's network, its long-standing project, positioning itself as an alternative to Bitcoin, could be launched by the end of 2018. The "very hot" round of initial investment allowed the project to get out of the underground and hire a capable developer, which is necessary for Chia's currency to offer itself to investors.
In five years, the use of state currencies will come to naught, since they will be replaced by crypto-currencies. This is considered by the venture investor Tim Draper, who has large amounts in cryptocurrencies. At the Internet summit in Portugal, Draper spoke with Forbes, during the conversation he expressed his opinion about the future of the cryptocurrency market: "In five years, if you try to use fiat currency they will laugh at you. Bitcoin and other cryptocurriences will be so relevant … there will be no reason to have the fiat currencies. "