Klimenko does not expect the emergence of a regulatory framework for cryptocurrencies earlier than six months

Advisor to the President of Russia on the Internet German Klimenko said that the regulatory framework for circulation of cryptocurrencies in Russia is unlikely to appear until summer of this year.

«I think not. At the moment there is no document, even a single document… this is why We have written anything to the regulation could say,» — said Klimenko during the meeting of the working group of the Association of banks «Russia».

Recall that in late December, led by German Klimenko of the Russian Association of cryptocurrency and blockchain (RAKIB) has developed a draft law on the regulation of crowdfunding, which, in essence, is an attempt to control the ICO.

Now RAKIB proposes to Supplement the draft law on the regulation of crypto-currencies, represented by the Central Bank and Ministry of Finance on 25 January, the introduction of the status of kryptoperidinium light taxation. In General, RAKIB welcomed the bill and believes that the Ministry of Finance has done a great job in understanding the processes currently underway.

To be effective, the document must pass three readings in the state Duma, and then to obtain the approval of the Federation Council and the President.

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Price Ethereum fell to values of may last year

Once the second course on capitalization of cryptocurrency Ethereum (ETH) decreased to values may 2017.

Currently, the air is trading around $86, and its market capitalization is $8.8 billion and Increasing the gap between ETH and XRP, the total market value has exceeded $12 billion:

It is worth noting that confident going against the Bitcoin market the SV was already on the fifth step of the rating CoinMarketCap.

Yesterday, December 6, the price of Ethereum on the stock exchange Coinbase Pro at some point have fallen sharply to $13 with $100. Soon the price of live went up in the neighborhood of $97.

This movement is well represented on the five-minute timeframe Coinbase Pro:

In a tweet Coinbase Pro says that the exchange aware «of price movement in one of the books of orders», but all platforms are operating normally and there are no «system-wide incidents observed».

It is not excluded that such a long lower shadow candle formed due to the negligent actions of one of traders platform who could make a mistake when placing a fairly large order.

ForkLog previously reported that the price of bitcoin once again updated at least 2018.


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UnitedCorp sued for Bitmain, Kraken and Roger Faith «manipulation Bitcoin Cash»

Technology company United American Corp (UnitedCorp) has filed a lawsuit against Bitmain, stock market Kraken, portal Bitcoin.com Roger Faith, and others who are involved in «well-planned scheme to seize control of the Bitcoin network Cash». This was reported on the website of the Corporation.

Representatives UnitedCorp argue that the actions of the defendants caused «the collapse of the global capitalization of the Bitcoin Cash». These actions, the company said, was aimed at enriching the aforementioned market participants to the detriment of others.

The company website also shows a diagram of the above actions of market participants:

The events described are related to recent hardforum Bitcoin Cash, which resulted in the network of this cryptocurrency divided into two competing chains. After hard forks, according to UnitedCorp listed in the lawsuit companies and individuals have taken control of Bitcoin Cash, violating «mentioned in the whitepaper, Nakamoto consensus rule, as well as creating significant uncertainty and undermining confidence in the network».

«In UnitedCorp believe that the defendants had conspired to effectively capture the network of Bitcoin Cash, and after the 15 Nov update», — stated in a press release.

The company believe that these actions were aimed at the centralization of the network BCH. Also UnitedCorp claim that on 20 November a team of developers of Bitcoin ABC implemented a «poison pill» in the blockchain. It was presented as a «response to a profound reorganization». These actions, the company was, in fact, aimed at strengthening control over the network and future updates.

UnitedCorp requires injunctive relief prohibiting the defendants to engage in future activities that harm the Bitcoin network Cash. In addition, the company intends to obtain compensation for damages, the amount of which will be installed in the courts.

Note that the resulting scriptactive Bitcoin hard forks to the SV came in fifth place in the ranking of the market capitalization of CoinMarketCap:

As you can see, Bitcoin exchange rate SV is growing despite the General market decline. In recent days the price of BSV increased by 21%, and the capitalization of the asset is close to the mark of $2 billion.

The main competitor BSV — Bitcoin — Cash- for the last day fell by 16.5% and was fixed at the 7th position of the rating.

Recall that one of the incentives for strong growth in Bitcoin SV was the statement of its developers on their own road map and waiver to the original chain Bitcoin Cash.

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Another Japanese company will release a 7 nm ASIC miner

The Japanese company Triple-1 finalizing the 7-nm ASIC chip for bitcoin mining. Work on the chip was carried out from February of last year.

According to the representative, the company is now testing the functionality and efficiency of the prototype chip Kamikaze and prototype ASIC miner based on it.

As pointed out by a Japanese company 7-nm Kamikaze has 5.2 times higher density than normal chip (16 nm). As a result, it possesses roughly twice as much computing power for mining up to 300 GHz/s on a single chip. This significantly increases the efficiency of energy use.

According to the schedule of the development of Kamikaze in mid-October to begin mass production of chips Kamikaze, and at the end of November — production of ASIC miners from the company.

Recall that the Japanese GMO Internet introduced a 7-nm ASIC miner in June of this year. A month later came the more powerful version, delivery of equipment to customers scheduled for November 2018. In August, canadian Mining firm Squire announced the beginning of the development of 10-nanometer mining chip of the next generation.

On the eve of Analytics firm AllianceBernstein expressed the opinion that the current market leader in mining equipment — a Chinese company Bitmain — loses its technological advantages.

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SBU closed the centre for mining cryptocurrency in Kropyvnyts’ke

The security service of Ukraine announced the closure in Kropyvnyts’ke interregional conversion center, which among other things was engaged in mining cryptocurrencies.

Law enforcement officers found that the illegal business was organized by a group of people, which included employees of the banking sector.

Besides mining, the centre has been breeding in the «shadow» of the funds a number of commercial structures from different regions of Ukraine, as well as helping clients to minimise tax payments to the budget.

When conducting searches the staff of SBU revealed powerful computer hardware, which was used for «growing» cryptocurrency, as well as printing of a number of fictitious companies, checkbooks, Bank cards and other documents confirming the fact of carrying out of financial frauds.

Recall that in the last few months, Ukraine has seen a surge of activity of law enforcement authorities in the field of cryptocurrency. And the national Bank of Ukraine promised before the end of August to solve the problem of the legal status of Bitcoin in Ukraine.

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MinerGate invites miners from all over the world to participate in the flash mob

Mining pool MinerGate invites miners from all over the world to participate in the contest, flashmob, designed to support the industry.

Flashmob participants will be able to share their stories and win the prize. Only two nominations:

  • #mamaimaminer – answer the question: «Why it’s great to be a miner?» and win $1000;
  • #mememining – post funny meme on the subject of mining and win $500.

«Our flash mob dedicated to the miners – the people, on which rests the whole cryptonote. In our days it seems that the trader is king of the hill, and miner – laborer. We want to show that it is not so! Thousands of miners-enthusiasts don’t even care about profit, and doing their job out of genuine faith in technology and its usefulness to the world. MinerGate believes that these people are the invisible heroes of cryptomeria, and it is time to recognize their achievements,» reads the company blog.

To participate in the contest need to publish a tweet and add to it two # hashtag: General (#iamaminer) and hashtag category (#mamamimaminer or #mememining). Limitations on the number of posts there.

Participants also must sign up for an account MinerGate Twitter to repost the tweet with the rules.

The flashmob will start on 15 October and will last two weeks. It will be finished on Friday, 26 October at 17:00 GMT. After this the jury within two days will sum up the results of the competition.

On Monday 29 October in the blog MinerGate will publish a list of winners, including those who will be awarded separate prizes.

All the participants of the flashmob will also receive two weeks free
mining at MinerGate.

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Bitcoin will go to growth after a couple of weeks, the head of Pantera Capital

Bitcoin needs to get back to their peak levels in the next few weeks and will continue to grow, I’m sure Dan Morehead (Dan Morehead), General Director of investment company Pantera Capital and Chairman of the exchange Bitstamp.

From bear markets on average 71-day period, he explained, bitcoin does he continued for 52 days.

“Looks like another couple of weeks and everything will be fine, bitcoin could start growing,” said Dan Morehead.

The company Pantera Capital was founded in 2003. In 2013 she launched her first crypto hedge Fund. In December 2017 the Fund sent investors a letter stating that the profit from operations for the year amounted 25004%.

“Of course, we know that this is a very speculative market. It is volatile both in upward and downward”, — said the former trader of Goldman Sachs.

However, institutional investors there is an appetite for this asset class in a half trillion dollars, which no one owns, said Dan Morehead.

We will remind that earlier cryptocurrency investor and founder of Capital ONchain Ran Neu ner (Ran Neu Ner) said that the bitcoin this year is back on the level of $20 thousand.

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Course Ethereum fell to last year’s values

Once the second course on capitalization of cryptocurrency Ethereum (ETH) decreased to values may 2017.

Currently, the air is trading around $86, and its market capitalization is $8.8 billion and Increasing the gap between ETH and XRP, the total market value has exceeded $12 billion:

Yesterday, December 6, the price of Ethereum on the stock exchange Coinbase Pro at some point have fallen sharply to $13 with $100. Soon the price of live went up in the neighborhood of $97.

This movement is well represented on the five-minute timeframe Coinbase Pro:

In a tweet Coinbase Pro says that the exchange aware «of price movement in one of the books of orders», but all platforms are operating normally and there are no «system-wide incidents observed».

It is not excluded that such a long lower shadow candle formed due to the negligent actions of one of traders platform who could make a mistake when placing a fairly large order.



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Blockchain Cryptic Labs hired consultants two Nobel laureates

Blockchain-accelerator and research Labs Cryptic hired two Nobel prize winners in Economics – Eric Maskin (Eric S. Maskin) and Christopher Pissarides (Christopher Pissarides) as advisers who will provide expertise in the area of incentive mechanisms, game theory, and macroeconomic policies.

Reportedly, the Harvard University Professor and Nobel laureate 2007 Dr. Maskin will share with knowledge in the field of game theory and the establishment of mechanisms to encourage users using blockchain technology. According to him, he is more interested in economic rather than the technological side of technology application.

Pissarides with his work on “analysis of markets with frictions theory” became the winner of the award in 2010 and is ready to advise projects on matters relating to macroeconomics.

Recall that a month ago, the Nobel prize of 2016 in Economics Oliver HART (Oliver Hart) became an adviser to the blockchain of the company Prysm Group. At the same time, several other winners of this prestigious international award is known in the blockchain environment as opponents of bitcoin. So, winner of 2008 Paul Krugman (Paul Krugman) recently predicted the collapse of the cryptocurrency. Award winner 2017 Richard Thaler (Richard Thaler) came to the conclusion that the cryptocurrency market is more like a bubble. Nobel prize winner 2001 Joseph Stiglitz (Joseph Stiglitz) together with such reputable American economists like Nouriel Roubini (Nouriel Roubini) and Kenneth Rogoff (Kenneth Rogoff), spoke out against bitcoin, saying that bitcoin is “regulated to oblivion” as governments around the world are trying to fight money laundering. And Nobel laureate 2013 Robert Schiller (Robert J. Shiller) called bitcoin “glamorous trends“, “social movement” and one of the failed attempts to convert the money.

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Developers Waves launched smart assets in the test network

Following the launch of the smart-accounts (Accounts Smart) developers Russian blockchain platform Waves reported the appearance in the test network project new functionality: smart assets (Smart Assets). According to them, this innovation will allow users to apply to the tokens in the scripts and use them to validate the transaction before the confirmation in the blockchain.

As stressed by the project team, one of the key features of the platform Waves is a simple creation of tokens, which, in contrast to token-based Ethereum does not require programming skills. While this new feature serves as an additional processing layer that makes them “incredibly flexible” and easy to handle.

For example, using smart asset tokens can be frozen before the advent of user-selected block, put in the “black” or “white” lists, to appoint a Commission for transactions with them, to establish multipurpose and permit trading only in the pair with a certain asset. The best results users promise when combined with the use of smart assets and smart accounts.

It is expected that new features will be added to the main network Waves after testing and will be useful for tokenization of game elements, the organization of tomenselo and other applications, “limited only by the imagination of the community and entrepreneurs.”

Recall that in October the platform Waves has announced the launch of a new project aimed at the development of video games, and allocated the prize pool of 1 million WAVES (about $1,920 million) to motivate developers to use as the basis for the blockchain Waves.

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