Exchange, BTCChina, stopped accepting deposits

Today the largest Chinese bitcoin exchange, BTCChina, stopped taking deposits in yuan and digital currencies. The decision took effect at 4:00 GMT. This was reported on the website of the company.

The BTCC also reiterated that it will close all trades on September 30, as previously reported. Withdrawals will be terminated at 4:00 GMT on 31 October.

«All customers can withdraw their funds from our exchanges within 72 hours», – stated in the message of the company.

Recall that the decision to cease trading was made after a careful study of the decision of Chinese regulators banning the ICO published on 4 September.

In addition to the BTCC about the upcoming closing are also announced such exchange, as ViaBTC and Yunbi. OKCoin and Huobi announced that it will stop trading in the pair to the yuan on October 31.

Despite the recent news from China, the price of Bitcoin for the first time in a week we crossed the $4000 and continues to grow.

According to Coinmarketcap, as of 17:55 (Kyiv/Moscow) bitcoin was trading at $4078 per coin.


In Latvia cryptocurrency can impose a tax on capital

Representatives of the Ministry of Finance of Latvia has declared, that in the transaction of cryptocurrency can be applied tax capital gains at 20%. This proposal was announced at a meeting of the Committee on budget and taxes of the Sejm — the Parliament of the country.

Parliamentarians from the Commission of financial and capital market reminded those present that cryptocurrencies are not legal tender in the country. However, some members believe that they can function as a “medium of exchange”.

The Commission also reminded about the high risks associated with cryptocurrencies and a possible speculative bubble and schemes such as financial pyramids.

Officials of the Finance Ministry in turn said that the Prime Minister Marisa Kuchinskisa (MATEO Kučinskis) has established a working group. She will study the potential benefits and risks of the cryptocurrency market, as well as the problem of its regulation.

We will remind that earlier the Russian government in reference to the state Duma the law on cryptocurrency also stated the need for taxation of transactions with them.


Company founder trading platform OpenBazaar has attracted $5 million investment

OB1, the company-developer, which in 2017 established a decentralized online platform OpenBazaar, raised $5 million in funding of series A. the Project was supported by investors such as the Chinese mining giant Bitmain, the financial successes of which 217 year eclipsed the results of graphics chip maker Nvidia, and the canadian venture company OMERS Ventures.

A few hours after the publication of attracted investments OB1 announced the launch of the program verified by the moderators in OpenBazaar. The immediate plans of the OB1 — launch web and mobile versions of the application and enable clients to buy and sell the cryptocurrency from each other.

Recall that OpenBazaar users can open their own stores, to sell any goods without paying for accommodation listings or without paying commissions, while earning cryptocurrency. In the beginning of 2018 in OpenBazaar was implemented support for Bitcoin payments and Cash zcash for. Until the end of the year OB1 also plans to enter the ICO. The company believes that with its own token, the platform will be able to get rid of the inconvenience of features it supports cryptocurrency.


Tickets for Geek Picnic can be bought with cryptocurrency

The organizers of the largest festival of science and technology Geek Picnic has announced that it has opened the sale of tickets for the cryptocurrency. From today the tickets of all categories will be available for holders of digital money.

Geek Picnic will be held June 10-11, in Moscow’s Kolomenskoye Park, and in August in St. Petersburg. The festival will be organized a special PICNIC area BLOCKCHAIN. All the owners of cryptobiotic will get a special surprise from the organizers.

You can pay the tickets via a special platform. Accepts broadcast and bitcoin. As of 12:00 on April 24, one entry ticket will cost 0,02 ETH. In addition, users will be able to obtain from the system of tokens. For this you need to share with your friends the special link to the ticket which will be generated during the purchase. Tokens will be credited each time someone from the friends that have passed on the link to buy a ticket.

In the program of the 2018 GEEK PICNIC – Russia’s first show drones in the open sky, zone e-sports (tournament), an incredible bout 100-pound robots, performances and art objects.

More information about the event is available on his page.


Technical analysis: bitcoin faces a «death cross» and drop to $2800

Traders using technical analysis of market conditions, finding more indicators indicating that the price of bitcoin may fall even more.

They indicate that the 50 day moving average bitcoin price approaching the 200-day moving average on the minimum distance for the previous 9 months. The intersection of these two schedules received from traders called “death cross”. It means a further fall in prices. Another indicator — moving average speed — has already become bearish.

“Over the past couple of months after the activity bubble in the end of 2017 was the final shift”, — says Paul day (Paul Day), technical analyst at Securities Market Dubai Ltd.

He came to the conclusion that the first cryptocurrency waiting for the price to fall by 76% in comparison with level of the end of February to $2800, if repeated downward trend of quotations of bitcoin 2013.

When the 50-day moving average price fluctuated below longer the first 10 months of 2015, quotes of bitcoin fell by 2.5%. After overcoming the resistance level of the price of the cryptocurrency rose to end the year at 43%. From that time it remained above that line and at the end of each year showed growth.

“To trade bitcoin and cryptocurrency is now used in the element chart and technical analysis, given that now the market of professional organization,” said Dyer Ferguson (Ferguson Daire) from the Irish company Avatrade Ltd.

Earlier, technical analysts pointed to the fact that the price of bitcoin “gone” below the uptrend line and decided that the next step for cryptocurrencies to be “dramatic”. And experts Goldman Sachs predicted that bitcoin price can go below $6000.


Exchange Korbit stops Dash support, Monero, zcash for, Augur and Steem

South Korean cryptocurrency exchange Korbit announced the termination of the trade five cryptocurrency: Dash, Monero, zcash for, Augur and Steem.

According to the report Korbit, the delisting will be subject cryptocurrencies that are offered currently via the “Other digital assets” (Other Digital Assets).

“We say goodbye with “Other digital assets” by the gradual cessation of the functions of purchase and sale for the following coins: Dash (Dash), Monero (XMR), zcash for (ZEC), Augur (REP) and Steem (STEEM)”, — stated in the message of one of the largest kryptomere South Korea.

The function of purchasing five of these cryptocurrencies will be closed by the exchange on may 21, and the sale will remain possible until 28 June. The company specifically pointed to the possibility of re-listing some of these cryptocurrencies in the future:

“We strive to facilitate safe trade the most amount of cryptocurrency, but we have yet to determine a date for the resumption of transactions with the affected coins. Thus we advise you to protect their interests or selling, or getting rid of the mentioned cryptocurrency”.

After the delisting of five cryptocurrencies, Korbit will continue to support trade family names of coins: BTC, XRP, ETH, BCH, ETC, LTC and BTG.

The reasons for termination of support Dash, Monero, zcash for, Augur and Steem exchange in your message is not called. Earlier it became known that the regulator Japan is putting pressure on the crypto currency exchange of the country that they refused to support cryptocurrency for increased privacy, in — Dash, Monero and zcash for. However, the Korean regulator is not reported.


The authorities of Cambodia have forbidden banks to participate in cryptocurrency transactions

In advance of the announced start of own national cryptocurrency project Entapay (Quantum Mechanical Phenomenon of Quantum Entanglement) of the government of Cambodia has banned financial institutions in the country to participate in cryptocurrency transactions and encouraged them to “respect the laws”.

Cambodian banks followed the ban and began to let customers to buy and sell cryptocurrencies using open their account. At the same time, the authorities believe that behind Entapay multifunction digital currency payment system will allow citizens to do without the services of VISA international payment system and easy to manage multiterabyte currencies.

According to local media, criptococosis of the country bewildered by this contradiction, because of the laws governing kriptonyte in Cambodia does not yet exist.

We will remind, the head of the International monetary Fund (IMF) in October said that the Central banks and regulators must begin to take seriously the cryptocurrency. She urged Central banks to be wiser with cryptocurrencies, since their adapted countries with unstable monetary systems or weak national institutions as a good alternative to paper money.


KICKICO turned KickCoins in tokens KICK

The project KICKICO, who recently completed ICO with nearly $23.6 million investment, updated issued the token and goes to stock trading with tokens instead of KICK KickCoins. In addition, there have been changes in the smart contract and “all existing accounts in the ICO system”:

This 2.0 update should fix all the problems. It will close the questions about the charges issue and all the calculations that will be made with tokens.

The draft declares that “rushing forward” and will soon present a new ICO and service “Community Choice”, which will give each participant the opportunity to platform to take part in the fate exhibited on it projects.

Recall that KIKICO is the first open blockchain-a platform for ICO, crowd-funding and crowd-investing. According to the developers, it helps to solve such problems of conventional services, such as bureaucracy, high fees and constraints of the participants because of their location. The platform is open beta, and the listing contains more than 300 drafts.


Waves Platform and the CRIC will engage in joint promotion of blockchain technology

Blockchain platform Waves Platform and system integrator CROC has signed a partnership agreement. The companies will cooperate in introducing and promoting products based on blockchain technology.

The cooperation of the CRIC and the Waves Platform starts with a pilot project to create a digital infrastructure for custodians, clearing houses, investment banks and other financial institutions.

The system, developed by the partners, will allow the professional participants of financial market to conduct assessment, recording and storage of cryptocurrency clients ‘ assets (in the initial phase — Waves, Bitcoin and Ethereum), and to confirm possession by the official statements in the formats accepted in the industry (535 MT and ISO 20022).

It is expected that this decision will help to simplify cryptocurrency transactions and ultimately, making them more manageable and attractive to large investors.

«We are confident that the partnership with CRIC will not only promote block chain technologies in Russia, but will accelerate the development of products aimed at a broad audience and mass market», — said Alexander Ivanov, CEO and founder of Waves Platform.

Another area of cooperation might be the implementation of joint projects on creation of a trusting environment among participants in distributed state or corporate processes.

In CRIC practice blockchain has been developing for two years. Currently, the team of specialists focuses on developing solutions based on all major platforms present on the Russian market — Waves, Bitfury Exonum, HyperLedger Fabric, Ethereum.


Hardwork in Ethereum postponed for a week to continue testing

Planned hardwork Byzantium — the first part of Metropolis updates now happen on the block 437 000 000 approximately on October 17, reports CoinDesk. Previously its launch was planned for 9 October.

The delay came after, as the founder of Ethereum Vitalik Buterin in development discussion recommended that the platform was conservative relative to previous forks. The offer was made to push miners to the successful adoption of hard forks, and also to the level of difficulty becomes too high, and the blocks could still get in the month of October.

Developed by Hudson Jameson (Jameson Hudson) said that now date hard forks of the final if everything will be okay during the test period.

The test network Ropsten first part of Metropolis was officially launched on Tuesday. To date, all working as expected. Even after the fork has passed the first test of private transactions.