Poloniex Cryptocurrency Exchange

Poloniex is the largest US crypto exchange and the world's largest exchange for trading bitcoin. Commission for operations depends on their daily volume in bitcoins, and does not exceed 0.25% for the buyer. To deposit funds on a deposit, only crypto-currency wallets are supported. To start trading, you do not need to verify your account, but the daily limit on withdrawal will be $ 2000. For a verified account, the limit will be already 25 thousand dollars per day, but recently the exchange users began to complain about delays in payments.

The Ukrainian Cryptocurrency exchange Kuna on its official Facebook page reported an erroneous charging of bitcoins to the accounts of some users because of the failure of the bitcoin purse. Some users managed to use the formed "hole" and withdrew the funds. All operations on the exchange were stopped until the moment when the programmers fix the bug. According to preliminary data, this can last until the end of the day. At the same time, the administration of the exchange said that the rest of the users' funds were not harmed and are in complete safety.

The tokensale of the platform of the payment channels of the Etherium Raiden, launched on October 18 and organized on the principle of the Dutch auction, ended November 1 at a rather moderate amount of 109 532 ETH (about $ 32.75 million). Of course, such an amount seems to be moderate only by the standards of 2017 - especially if we recall that in August 2014 only 31,500 BTC was collected at the Ethereum ICO itself, or about $ 18.4 million at the exchange rate for that period.

Month of the month the camp of supporters of crypto-currencies and projects based on distributed registry technology is growing. Among these people there are also former prominent officials and representatives of investment companies and large financial organizations. Not so long ago, the list of crypto enthusiasts was supplemented by Marco Abele, former director of digital technologies Credit Suisse Group AG, one of the largest Swiss banks with offices in many countries. The departed chair of the top manager Marco Abele launched today a startup based on the Ethereum Blockchain, which is intended to become a high-tech platform for managing digital investment tools. The new startup will be called TEND and soon the ICO of this project will be launched.

Despite optimistic rumors and expectations of the resumption of trading on November 1 by the largest exchanges of China - BTCC, OKCoin and Huobi - in China, new positive statements from representatives of these exchanges have not yet been received. They continue to develop sites in Hong Kong and are planning to expand to other countries in the Asia-Pacific region. BTCC froze the withdrawal of funds at 12 o'clock on Monday, as it was previously stated in the press release of the exchange, which followed the requirements of the Chinese government on September 4.

The number of bitcoin supporters is growing, which leads to an increase in capital investments in the industry of crypto-currencies. Now the industry is attracting financial heavyweights, which are beginning to understand the value of digital currencies and their incredible potential. As a result, they begin to invest. For example, Bill Miller successfully invested a third of his hedge fund in bitcoin. Influential investor Bill Miller ran a portfolio that struck everyone with its success from 1991 to 2005. Now he started making money using bitcoin. According to the Wall Street Journal, Miller invested 30% of his fund's assets in bitcoin. It is worth noting that he bought a crypto currency at a price of $ 350 per coin. Now the price of bitcoin fluctuates around 6 500 dollars.

The Bitcoin ABC development team has announced its plans to update Bitcoin Cash through a hardfork planned for November 13th. The update is designed to stabilize the complexity algorithm (DAA). Leading developer Bitcoin ABC Amory Sechet (Amaury Séchet) and CEO Bitprim Juan Garavaglia told what to expect from the upcoming update. On Monday, the Bitcoin ABC development team issued a statement regarding the upcoming hardfork of the Bitcoin Cash network (BCC).

Changes in the global ICO market are inevitable in the near future, given that China has banned the initial placement of tokens, and the crypto-currencies are very seriously regulated in the US, Canada, Singapore and Australia. Companies trying to raise funds by selling their own coins or tokens, it is better to move to countries that are not engaged in tight regulation of the crypto-currency market, for example, Switzerland or the United Kingdom.
Nevertheless, this does not solve the main problems related to the industry: taxation and protection of investors' rights.

The cost of mining bitcoins has often been criticized by opponents of crypto-currencies. Let's see how much 1 BTC costs in barrels of oil. The industry of crypto currency is developing at a frantic pace and bitcoin continues to be the driver. It is on its extraction that most of the miners are oriented. The cost of bitcoin and relative stability of growth attract more and more people to this sector. The complexity of the network is growing and getting bitcoin is getting harder and more expensive. More and more new capacities are being introduced, which consume more and more electricity, for the production of which, mainly, oil is burned.

Former stockbroker / Wall Street fraudster Jordan Belfort determined ICO (Initial Coins Offering) as "the greatest scam". A new form of fund-raising, ICO is, in fact, the sale of cryptographic tokens by start-ups in exchange for financing with the help of crypto currency, such as bitcoin and ether, to attract funding in the early stages. Earlier in September, the project of decentralized data storage Filecoin set an ICO record, raising $ 257 million. According to one tracker, the collection of funds by the ICO method in 2017 exceeded $ 3 billion.