Telegram requires the rejection of the lawsuit SEC vs. TON

On Tuesday, the developer Telegram messenger sent a petition to the new York court in which he demanded to reject the suit of the Commission on securities and exchange Commission (SEC), limiting its ability to issue and distribution of tokens Gram blockchain project Telegram Open Network (TON), writes «RIA Novosti».

In support of their claims Telegram brings primarily the same arguments that appeared in earlier documents. So, it indicates that the Gram tokens are not securities, and «currency and/or product», which frees him from the need for an additional registration.

«The plaintiff took a legal position which is contrary to judicial precedent and publicly expressed positions of senior officials, representing the plaintiff,» the document reads.

Separately, the company stressed that the SEC can not achieve «any compensation», «and asks the court to dismiss claims against the defendant with a ban on re-claim and award (the defendant) the compensation that the court deems just.»

The first hearing in the proceedings the SEC with Telegram scheduled for mid-February.


Chanpen Zhao: Binance will add support 180 Fiat currencies during 9 months

CEO of Binance Chanpen Zhao said that his main task in coming months will be the integration of the remaining 180 Fiat currencies in the world the trading platform of the exchange, said Micky.

Currently Binance supports the Euro (EUR), Ukrainian hryvnia (UAH) Kazakhstan tenge (KZT) to Nigerian Naira (NGN) and Russian ruble (RUB).

«One of the key things I want to do for the next few months — six to nine or so is to get these other 180 [Fiat currency] on,» said Zhao, speaking at the Binance Super Meetup in Singapore.

He also referred to the planned improvements in customer service exchanges. According to him, now the support team responds to queries within a day, plans Binance to reduce this time to hours or less.


Payment system from Facebook will be launched this week

The largest social network Facebook the rest of the week will launch a unified payment system Facebook Pay for Instagram, Messenger and WhatsApp.

In the first stage the service will only be available in Facebook and Messenger, and only for residents of the United States. In the future, Facebook Pay will be introduced in other countries, but the exact timing of that is this process not called.

Facebook Pay supports cards of most payment systems and payments via PayPal.

«Facebook Pay to simplify payments through our apps for purchases, donations, and send money to each other», — he said in Facebook.

The company emphasizes that the service is not associated with the digital currency Libra and online wallet Calibra, the creation of which was announced in June. Since the project was abandoned all the major payment partners in the United States, including Visa, Mastercard and PayPal. In particular, Mastercard explained the decision discrepancy Libra basic regulations of payments.

Earlier in November, the Vice-President for Calibra product Kevin Weil said that mass adoption of Libra will last for decades.


Abra app will add support for 200 cryptocurrencies

Provider wallet Abra will expand the list of supported cryptocurrencies to more than 200 international users. To US residents open access to trade 60 coins.

The application raised the limit on the daily withdrawal of up to $4000 weekly — $8000, monthly — $16 000. The service will also add support for tablconv USDT, Paxos, TrueUSD and DAI.

US resident still will not be available Qtum (QTUM), Bitcoin Gold (BTG), EOS OmiseGo (OMG).

Earlier, Abra provided the sale of bitcoin 6000 retail stores 7-Eleven in the Philippines.


Regulators are resent Libra, the company launches Facebook Pay

12 November, Facebook announced the launch of its new service, Facebook Pay, which will allow users of the social network and its controlled applications Messenger, Instagram and WhatsApp to make payments.

«You’ll have to payments on our apps to make purchases, donations and to send money to each other. Facebook Pay will simplify these transactions, at the same time continuing to ensure the safety and security of your payment information,» the company said.

Facebook stresses that the new service «is created on the existing financial infrastructure and cooperation». It thus stands in contrast to stablon Libra, the announcement of which caused widespread dissatisfaction among regulators around the world.

The launch of the Facebook Pay in apps Messenger and Facebook for U.S. users, including «fundraisers, in-app purchases, event tickets, personal transfers and business on the Facebook platform Marketplace», will start this week.

Among adversity befell Libra in late October, France, Germany, Italy, Spain and the Netherlands, presumably, agreed to prevent the spread of Libra and encouraged participation in his coalition of other EU member States.

Lawyer Jake Chervinsky believes the announcement of the Facebook Pay with a recognition of the futility of the idea of Libra in this situation. However, he notes that the projects have different applications: Facebook Pay is focused on empowering American users of the social network, whereas Libra is promoted as a means of spreading financial services throughout the world.

«However, Facebook has already had to hard to explain Libra to politicians and regulators. If they cannot advance the payments, they will only «we want to manage international finances.»» – he adds.


Analysis of prices BTC, ETH, XRP (13.11.19)


Yesterday consolidation between dvuhstadialnoj and fifty-five day moving averages continued. The sellers again pierced EMA200 and crept closer to the level 8500.00 USD.

At present, as BTC/USD has updated a minimum at the point 8549.00 USD and rebounded to the level of average prices.

We believe that today the sellers will again seek to re-test support 8500.00 USD, and the minimum value of the buyers will pull the price in the area of 9000.00 USD.

If we manage to consolidate above the EMA55 time, in the near future, the recovery can last to around 9200.00 USD.


Consolidation in the sideway corridor between the levels of average prices and a line Point Of Control yesterday continued. In the second half of day the pair has marked a low around 182.00 USD per night recovered above the level of the clock EMA55.

If today the sellers will push the price below this moving average, the price again came back to the POC line will continue to move in the flat. If buyers manage to settle above EMA55, there is a chance to re-test at the 78.6% Fibo (192.57 USD).


Yesterday the sellers have updated the weekly minimum at the point 0.267 USD, but was unable to reach out to the support 0.260 USD. At night, the buyers returned the price in a narrow sideways around 0.270 USD, and today they will try to continue the restoration to resist 0.280 USD.

* All prices shown are based on data exchange BitStamp


In CME announced the date of launch bitcoin options

Chicago Mercantile exchange (CME Group) will launch trade bitcoin options on 13 January 2020.

Contract specifications describes the link.

Recall that Bakkt launch bitcoin options trading on 9 December.

Subscribe to the channel Forklog in YouTube!


Bitcoin exchange Huobi posted the source code to develop their own blockchain

The developers Huobi Chain has posted on GitHub the code is based on DeFi-services of the blockchain. Later, they integrate the tools of regulatory control, according to CoinDesk.

Part of the technical infrastructure of the project provides a blockchain startup Nervos. The representative of the company Bo Wang explained that the built-in components will allow regulators to control the placement of contracts, asset ownership and transactions.

Regulators and financial institutions to block the assets and accounts through saidonly in case of emergency, said Wang.

It is expected that these decisions will ensure compliance with anti-money-laundering.

«Node-supervisors will allow regulators to independently run and maintain the nodes, extract data and participate in the supervision of the ecosystem,» he said.

Huobi Chain also provides tools for pre-audit of deployed applications.

Huobi announced the development of the blockchain in July. It was expected that the network code will become open in the third quarter, and the test network will work early next year.

Previously a private blockchain Chain Binance has launched the largest trading volume bitcoin exchange of Binance.


CTO Bitfinex announced their plans to launch options and stablein Tether Gold

The Bitfinex bitcoin exchange plans to launch options contracts in the first quarter of 2020. This was announced by technical Director Bitfinex and Tether Paolo Ardoino in conversation with The Block.

He also said that the company plans to release its own backed by gold stablon «Tether Gold», but did not go into details.

After the launch of the derivative contract this summer, parent company Bitfinex and Tether iFinex turned his attention to the options. Ardoino admitted that the launch of futures contracts demanded considerable time.

«It was a major project. He demanded several months of constant development», – said the CTO Bitfinex.

Now Ardoino with his team gets to work on the swaps on the basis of the Tether. Choice stablon as the main element of the new tools, he explained the company’s desire to expand coverage and improve credibility. Also Arduino talks with foreign market makers by supplying liquidity.

In the future, Bitfinex aims to provide its users with the opportunity to purchase gift cards for cryptocurrency, which they can then exchange for real goods. According to Ardoino, for this the company chose the «large and well-known partner.»

«It’s important for people to see that the value of cryptocurrency extends beyond the exchange between bitcoin and USD, and things like that,» said he.


CEO of bitcoin exchange Coinup was sentenced to 16 years in prison

The head of the South Korean cryptocurrency exchanges Coinup, whose name was not disclosed, was sentenced to 16 years in prison on charges of fraud. His accomplices received from 6 to 11 years in prison, reports The News Asia.

The attackers blamed the cryptocurrency pyramid scheme so-called «pump and dump». They argued that investors will receive 200% profit within 4-10 weeks.

To convince investors, managers Coinup also created a magazine, which has posted a fabricated photo of the CEO of the exchange with the President of South Korea moon Gehinom.

The scheme operated from August 2018 to February 2019. With its help, the criminals attracted more than 450 billion won (over $386 million).

The court found guilty the most involved in fraud. Another leader Coinup received 11 years in prison, Vice-President of the company — 7 years.

We will remind, in the summer of the founder of the «stock» of bitcoin stock exchange BitFunder and WeExchange platform John Montroll sentenced to 14 months in prison on charges of fraud.