The U.S. Treasury has called on global regulators to unite in the fight against cryptocurrency fraud

Deputy Secretary of the Treasury for financial intelligence and terrorist activities Seagal Mandelker called upon the regulators of all countries to follow the example of the American authorities and develop measures to combat crime with cryptocurrency. This writes CoinDesk.

The official noted that us regulators monitor the financial activity is not the only cryptocurrency companies, but we also deal with criminals on an individual basis.

«We consider this a priority issue in our international work, including Group development of financial measures of struggle against money-laundering (FATF)», — said Seagal Mandelker.

She added that the suppliers associated with the digital asset services it is necessary to take measures that will help avoid fraud and crime with cryptocurrencies. In particular, not to provide services to individuals who are in the sanctions list.

«Financial institutions must structure its activities so as to eliminate risks and abet such criminals,» Seagal said Mandelker.

A similar idea was expressed by the head of the International monetary Fund (IMF) Christine Lagarde.

«New ideas, including a cryptocurrency that can be used by cybercriminals to direct financial flows to the illegal activities around the world. This is not a problem of one nation or one government. This can be solved only through international cooperation,» she said.

ForkLog previously reported that the U.S. Treasury for the first time included in the sanctions list of the bitcoin addresses associated with two residents of Iran.

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In Finland looking for new ways to store and implement the previously withdrawn 2000 bitcoins

The Ministry of Finance of Finland must decide how to deal with 2000 bitcoins seized by law enforcement agencies for the period from 2016.

Announced by the government requirements that were in Bloomberg News does not allow you to store bitcoin on virtual exchanges, and recommend to place it without access to the Internet. While state agencies and departments should consider bitcoin and other cryptocurrencies as assets and not money, and can’t use them as a means of payment or investment.

However, confiscated the tokens must be converted to euros, for example, through public auctions, if the court’s decision does not provide for their return to the owner. Cryptocurrency exchanges, according to the Ministry of Finance for these purposes are not suitable as unreliable and opaque.

Recall that in late November, the service of financial-budgetary supervision of Finland warned investors about the high risk of ICO and cryptocurrency. But researchers from the Bank of Finland has previously called the infrastructure of bitcoin is “revolutionary”.

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Coincheck will begin the payment of compensation to the victims of the hacking next week

Japanese cryptocurrency exchange Coincheck has confirmed that it will pay compensation to users affected by the January break-in, next week.

Director-General Koichiro WADA (Koichiro Wada) and chief operating officer Yusuke Otsuka (Otsuka Yusuke) said at a press conference that payments will commence towards the end of the week, more information they promised to provide in coming days.

At the end of January, the Coincheck has confirmed the rumors about the large-scale theft of 526 million NEM tokens worth more than $530 million at the time. While it remains the largest theft of cryptocurrency in the history of the industry. Coincheck said that will compensate for the lost funds all 260 thousands to affected customers.

After the lifting of the ban on the withdrawal of Fiat funds in February brought customers for the first day $373 million Exchange then confirmed that compensates for the stolen tokens for $0,83 per coin.

Japanese Finance Minister Taro ASO (Taro Aso) after hacking Coincheck demanded cryptocurrency exchanges systems strengthening cyber security and internal control. The financial services Agency of Japan (FSA) raided the offices of Coincheck and start checking kryptomere in the country, including the on-site inspection.

According to the results of the first wave of inspections the regulator has temporarily suspended the work of two exchanges — FSHO Bit and Station. They and four other companies — Tech Bureau, GMO Coin, Mister Exchange Coincheck — have until March 22 to give the regulator written reports on the improvement of security systems. In addition, for Coincheck regulator will issue a guidance document on business improvement.

The country has 32 cryptocurrency exchanges, but only 16 of them registered in the FSA. Coincheck is among those who still hoped to obtain a license from the regulator after completing all requirements. The exchange’s management has confirmed that the platform will resume trade in certain cryptocurrency next week.

The company suggests that the theft of the cryptocurrency in January occurred due to the fact that hackers broke into the employee’s computer using malware.

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The experts gave recommendations for the protection of cryptocurrency assets from criminals

At the conference, with the participation of 170 leaders of the cryptocurrency world organized a panel discussion on how to deal with threats of robbery, extortion and kidnapping against the owners of virtual currencies.

The explosive growth of the prices for cryptocurrency in recent months, and anonymous nature of their transactions led to an increase in the number of violent crimes against their owners.

In January in Thailand, young couple Russians under threats forced transfer $100 thousand bitcoins to a specified wallet. As described later summoned on the scene by the local police, they approached victims asking for help to trace the recipient of cryptocurrency, because they know better than bitcoin. But got the answer: there are no such ways.

In the UK armed criminals forced the trader to transfer cryptocurrency to a specified wallet. Earlier in Turkey at 450 bitcoin was robbed businessman.

For the liberation of the kidnapped in Ukraine, a leading analyst of the crypto currency exchange EXMO, was allegedly paid a ransom of $2 million, again in the cryptocurrency.

Most often anonymous nature of cryptocurrency transactions makes it difficult to solve crimes, if they themselves are the attackers remain unidentified. In Thailand, for example, the police managed to track the laptop victims to Kuala Lumpur, where the criminals got rid of him. This investigation is stalled.

“Now it is becoming more common and affects more and more law enforcement units that are engaged in organized crime and violent crime at the local level,” says Jonathan Levine (Jonathan Levin), founder of analytic company Chainalysis.

The possibility of protection against these threats and discussed by experts at a conference “Round table Satoshi” in Cancun (Mexico).

Most security professionals agree that the best measure to ensure safe storage of crypto-currencies, currently, is the use of wallets with multipoles.

Another possible measure mentioned by the experts as “alarming” wallet containing a small amount of cryptocurrency and is able to distract the criminals from the major wallets. It might work if the attackers do not know the sizes of cryptocurrency assets of the victim.

For this purpose, and in order to avoid the attention of attackers, the panelists advised maximum secretly keep information about their financial success.

Jonathan Levine also mentioned that the programmers are already working on the wallets with a built-in source of stress. As used by banks strong coercion, the initiation of this code shall inform the security service and law enforcement agencies that the transaction is made under duress.

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The regulator, the EU has toughened stance against the cryptocurrency derivatives

The European securities and markets authority (ESMA) has toughened its position on contracts for crypto-currency derivatives.

The regulator of the EU agreed to temporarily set a limit of leverage for “contracts for difference” (CFD) associated with cryptocurrencies, up to 2:1. This means that retail investors will need to initially pay at least 50% of the value of the CFD.

A contract for difference (CFD) is an agreement between two parties to exchange the difference between the value of the asset at the time of opening the position and its value when closing the position.

In January, the regulator has started consultations with the public, stating that the volatility of crypto-currencies as an underlying asset for CFD is a serious problem for the protection of investors.

With initial limits of leverage 5:1 when investors could pay from just 20% of the total cost of CFDs, ESMA has moved on to the idea of reducing leverage to 2:1 or even 1:1. The organization also has considered a ban on the distribution, marketing and sale of these products.

In its press release, the regulator noted that cryptocurrencies still remain for him a matter of concern, and in the future do not exclude the adoption of more stringent measures for the protection of investors.

“Because of the specific characteristics of cryptocurrencies as an asset class, the market of financial instruments providing access to them, such as CFD, will be closely monitored and ESMA will assess the need for more stringent measures,” — said in a statement the regulator of the EU.

We will remind, earlier it was reported that ESMA has made cryptocurrency and ICO to the list of their top priorities in 2018. Jointly with other EU regulators, components of the European Supervisory authorities (ESA), the organization has issued a warning to investors about the risks associated with cryptocurrency trading.

The head of the European Central Bank (ECB) , Mario Draghi (Mario Draghi) said that financial institutions in the Eurozone “without enthusiasm” are cryptocurrencies, unlike the public.

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Guide: Cryptocurrency options

Many investors, including cryptocurrency, unaware of the existence of the options on the digital currency. However, they can be a great way to play price changes, limiting risks. Here’s what you need to know about cryptocurrency options.

How cryptocurrency options

Technically cryptocurrency options are designed the same as any other. The main difference is related to the lack of regulation of the cryptocurrency space. At the moment, many leading financial institutions believe digital currencies are new, untested and unstable. As a result, the trade CryptoStream — including options — remains largely outside investment and financial mainstream.

And yet cryptocurrency options do exist. And they give investors a new, potentially lucrative way to participate in the cryptocurrency market.

The advantages of option trading

A call option gives the investor the right to buy or sell cryptocurrency at a predetermined price within a specific period. It is important that the option does not oblige you to buy or sell, and gives you the opportunity to make a transaction at any time prior to the expiration date.

Traditional financial markets options are used to limit the risks and make a profit. Buyers of options hope that the price of the asset will rise or fall by the deadline. It is important that the potential loss is limited to the amount of premium paid.

How to work cryptocurrency options

Options trading is different from trading in cryptocurrencies. In the ordinary course of trade an investor can buy or sell coins and tokens at any time. It is obvious that he hopes to sell the cryptocurrency more expensive than bought.

Options this is not the case. They operate within a limited, predetermined period of time. And the price of the underlying asset already fixed.

Depending on the position, the investor hopes that the bitcoin will rise or fall in price against a fixed price. This must occur before the expiry of the option.

Now that you know the basics, let’s move on to some important notions and concepts from the world of options trading that you need to know.

A call option

A call option gives the holder the right to purchase cryptocurrency at a predetermined price before the deadline.

Buying a call, the investor hopes that the bitcoin will rise in price over a given period of time. If that happens, he can buy it at the price of the option (which in this case will be below market) and immediately sell on the exchange at a higher cost.

A put option

Unlike a call option, a put gives the owner the right to sell cryptocurrency at a predetermined price within a certain period of time.

In this case, the investor hopes that the cryptocurrency will become cheaper. If that happens, he will be able to sell it at a price much above the market, making a profit.

The future of cryptocurrency options

It is important to note that some exchanges already offer scriptoption. However, the sector of derivatives linked to digital currencies, is still at an early stage of development.

The growth of interest from influential financial institutions such as Goldman Sachs (the Bank is considering creating a cryptocurrency securities), you can expect increased availability and prevalence of scriptoptions.



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Russia is in second place in the world by number of capturadora

The specialists of the Belarusian marketing Agency BDCenter analyzed the 30 most popular cryptocurrency exchanges and came to the conclusion that the largest number of users of these platforms based in the United States, Russia and China. Fourth and fifth place in the number of capturadora occupied Vietnam and Turkey.

Under the scope of the analysts got Binance, Okex, Huobi, Bitfinex, Upbit, Zb.com, Hitbtc, Coinbase, Kraken,Bitstamp, Bittrex, Gate, Poloniex, Gemini, Coinsbank and other exchanges.

BDCenter data show that the average age of the trader in China is 20-30 years in the US — 30 years. In Russia 50% of traders are in the age of 25-40 years old, and 30% — from 18 to 25 years.

Analysts also cite data Japanese financial services Agency (FSA) in April. FSA statistics shows that in Japan is more than 3.5 million cryptocurrency traders. Most of them men aged 20 to 30 years.

It is noted that 50% of users of exchanges have completed higher education in Economics or mathematics. According to the study of the eToro platform in 2017, 82% of traders are beginners, 11% of traders with an average experience level, and only 7% advanced.

«All exchanges more than 70% of traders are men. The exception on the exchange exx.com where the percentage of female audience is higher and 52,67%», — the report says.

Experts also found that the most expensive listing price of amount of cryptocoins on Huobi ($3.5 million), Bibox and Binance ($1 million). Most popular cost of listing is 10 BTC. 13 exchanges of 30 has its own token, the report says.



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WAX tokenserver trade in-game assets

Decentralized platform WAX, which became the technical and ideological continuation of the work of the largest trade platform for virtual items OPSkins, reported on their plans for tokenization trade in-game assets.

The WAX platform was developed by the founders OPSkins to service more than 400 million players, collecting, buying and selling virtual items. Using a simple stock widget WAX, players will be able to enter the world market, where all transactions will be confirmed through the mechanisms of trust of the blockchain.

Now the market of virtual assets is represented by hundreds of individual areas, each of which operates in its local segment. The downside of globalization is largely restricts the development of the industry, and many projects are already looking for a solution to this problem.

The founders of the site OPSkins, one of the pioneers of the trading game the assets came from to create their own Protocol for decentralized exchange. The project is called WAX — Worldwide Asset Exchange (eng. World Asset Exchange). According to the developers, the new decentralized platform will bring together all market participants: sellers, buyers, appraisers, Trustees and all other elements in one ecosystem to collect everything related to the transfer of assets transactions within the network.

Instead of a complex multi-level process API use and bots, the ecosystem of WAX will offer sites parties a simple mechanism to operate the network and receive commissions.

According to the creators, among the guarantors and the smart contracts platform WAX will use a rating system to further motivate conscientious behavior of the network participants.

According to the roadmap of the project by the first quarter of 2018, the developers intend to launch a test version of the network, and the third quarter is scheduled to launch a prototype. Full release is scheduled for late 2018.

More information is available on the project website.

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Rating Agency DigRate assessed the prospects of the project Playkey

Agency for the evaluation of digital asset DigRate conducted an analysis of the project Playkey and has assigned a A2 rating: moderately high probability of long-term investments and average sensitivity to market conditions.

According to the description, Playkey is the first cloud gaming service on the blockchain, which will allow gamers to play demanding games at any time, anywhere and on any device connected to the Internet, and miners – earn on granting access to their facilities.

Playkey for several years works at the market of cloud gaming and is a leader in the number of users connected right holders, infrastructure and other parameters. The project is now committed to the decentralization of infrastructure by incorporating high-efficiency equipment on private miners. It is expected that this will allow the company to increase the number of users, reducing the cost of services for them and to make the system more stable and functional.

For the calculations between the players-users, miners, providers and the company Playkey involved in the development and maintenance of architecture, will use tokens open source PKT (Play Key Token).

The interest of the miners, according to Playkey, to earn two to three times more money than it brings in mining cryptocurrency, but with less risk. Prices on hardware will have a direct correlation with the level of demand for the company’s services and the final cost of the token will be determined in consultation with the community of miners.

Nevertheless, experts remain doubts about the motivation of the miners to give up their power under a cloud gaming is, getting paid in RKT. Already exist and will be a new alternative players who work for Fiat money and offer a competing service. Playkey command expects a constant struggle for market share, otherwise the tokens unpopular platform will cease to be in demand, says DigRate.

Some questions from the experts is also studying the legal part of the project, in particular regulatory risk and determination of the percentage of contributions to the Fund Playkey of the earnings of the miners.

Recall that the team DigRate has conducted an analysis of a number of ICO projects, including GoldMint, Privatix, XRONOS, Robomed, MicroMoney, BitClave and Biocoin.

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The robbers who attacked the bitcoin brokers in Singapore, expects corporal punishment — #DeCenterDaily

Mastercard hired 175 new developers, including for the creation of blockchain projects.

Exchange of cryptocurrency will be monitored in the framework of the law against money laundering and financing of terrorism.

The Ministry of Finance developed a draft law «On digital of financial assets» was submitted to the Duma on March 20. April 9, the government Commission on legislative activities considered opinion on the draft law compiled by the Ministry of Finance, Ministry of justice, Ministry of communications, Ministry of economic development and the Bank of Russia. According to the document, the exchange of cryptocurrencies in the Russian or foreign currency on the equivalent of 600,000 rubles or more, should be subject to mandatory exchange controls. Rosfinmonitoring believes that operators engaged in the exchange of cryptocurrency, it is necessary to include the organizations referred to in article 5 of the 115-FZ, thereby obliging them to adhere to all national standards to prevent money laundering (under the law against money laundering and terrorism financing, the mandatory control is already applied to «traditional» banking transactions in the amount of 600,000 rubles). The Cabinet also drew attention to the need to tax the profits from transactions with cryptocurrencies and make the appropriate changes to the legislation. Ministry urged to clarify how will be the taxation of mining and what are the accounting rules for cryptocurrency trades. According to Anatoly Aksakov, at the end of the meeting, the government supported the bill and agreed to modify certain provisions for the second reading (the bill came into force, it must pass three readings in the state Duma, and also get the approval of the Federation Council and the President of Russia). President RAKIB Yuri Pripachkin noted that, according to the current version of the bill, transactions with bitcoin can be subject to standard control of banks and Rosfinmonitoring, which the miners will seek to convert mined coins into foreign currency abroad.

The United Arab Emirates announced the blockchain strategy to 2021.

His Highness Sheikh Mohammed bin Rashid al Maktoum, Emir of Dubai, Vice President and Prime Minister of the UAE, has announced plans to implement blockchain-the UAE strategy 2021, the success of which the country should become a world leader in the blockchain industry. The strategy has laid down the principles of happiness of the citizens, enhance government efficiency, as well as the expansion of legislation and global entrepreneurship. According to the plan, the introduction of technology will significantly save the time and money required for transmission of documents up to 11 billion dirham ($3 billion) a year. His Highness believes that the use of the blockchain will increase the quality of life in the UAE and the level of happiness of the population: «By 2021, 50% of government transactions at the Federal level will be carried out using the blockchain. Technology will save you time, effort and resources and will enable people to carry out most transactions in a timely manner — as required by their work and lifestyle,» said Sheikh Mohammed. The government will also support University courses on the technology of the blockchain. Crypto-entrepreneur, managing partner of Full Tilt Capital Anthony Pompliano supported this policy, saying that «the virus is spreading, and even the government caught the wave».

Zcash for completed another ceremony, «Powers of Tau», approaching to implement the hard forks.

Based on anonymous cryptocurrencies is the zcash for Protocol Zero Knowledge Proof (the proof with zero disclosure). To create and confirm the evidence you need to set the public parameters. But if an attacker discover the algorithm for their task it will be to create your own false evidence. Because zcash for holds closed the ceremony, «Powers of Tau», which narrow the circle of participants generates a random code for the record. Participants then get rid of the «toxic waste,» breaking the computers that generated the data. Shaun Bowe, a member of the zcash for Foundation, announced the completion of another ceremony in newsletter: «All participants did a great job, I am very pleased with the variety and openness of the ceremony. Many members of the crypto community took part or watched what was happening.» The event was attended by about 90 participants, each of which used a unique method to generate «cryptographic toxic waste», — reported on GitHub zcash for Foundation. The ceremony was held in the eve of the second of the two hardforce planned for this year, Sapling (first hardwork, Overwinter, is also not yet implemented and should be held on 25 June). Sapling adds a zcash for support of new functionality, including the way disclosure of information about payment transactions between blockchains and tokens zcash for release. In January, during one of the previous ceremonies, «Powers of Tau», the developers used to generate random numbers of the Chernobyl nuclear waste. Edward Snowden recently revealed that zcash for is the most interesting cryptocurrency, because «its performance privacy is really unique.»

The robbers who attacked the bitcoin brokers in Singapore, awaiting corporal punishment.

The crime was committed on 8 April. The two brokers agreed to meet with the alleged sellers of cryptocurrency. However, during a personal meeting, they never received bitcoin, but instead lost $365,000. The police were able to quickly identify the personality of criminals, and now they are threatened by imprisonment from 5 to 20 years and at least 12 strokes of the cane.

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