In Odessa held a large Bitcoin Meetup

In the last weekend of summer in the largest coworking Odessa Terminal 42 passed Bitcoin Meetup – a large-scale fan meeting technology and the blockchain. The event was organized by the Distributed Lab.

The meeting was addressed by:

  • Roman Suljic, partner at S. Capital (PSB Asset Management).
  • Pavel Kravchenko, the founder of the Distributed Lab with the theme “the Blockchain. Application and limitations”.
  • Kir Kelevra, cryptomnesia, founder of bitup.io with the theme of “the Coming revolution in cryptotrading. Wall Street is coming!”.
  • Vitalyi Bulychev, Blockchain Entrepreneur with the theme of “Principles of investing in the block chain projects.”

Experts spoke about the latest trends in the field of blockchain and cryptocurrency, and also answered questions from participants.

Some quotes from speeches:

Roman Suljic:

“Cryptocurrencies will go, but the infrastructure of the blockchain will remain. Do not try to sell the house and buy «tulips»… a Currency that will appear, it will be kriptopro, cryptodira, etc., there is a new global cryptocurrency that will be a major competitor to bitcoin».

Pavel Kravchenko:

“Why are people talking about the blockchain?…Now because of the difficulties in working with Bitcoin in USA bitcoin entrepreneurs retrained in the blockchain entrepreneurs. People think that they are engaged in technology, although in fact they are taken care of financially. Why such hype…”

Kir Kelevra:

“If bitcoin is not, which currency will take its place? The second distribution will become a currency Litecoin – it, mining it more accessible. It began to integrate all…If Dash will crush Litecoin usage it will be used as a measure of values.”

Vitalyi Bulychev:

“Investing and ICO is probably the most burning topic today.”

All performances can be viewed in the video below:

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Nicolas Maduro has denied his previous words about the volume of pre-sale El Petro

Venezuelan President Nicolas Maduro (Nicolas Maduro) stated that the amount of pre-sale of national cryptocurrencies El Petro was $3,388 billion the head of the Bolivarian Republic announced the opening of the exhibition Expo Venezuela Power 2018.

In early March, Maduro at a meeting with members of the United socialist party of Venezuela has called another figure volume of pre-sale El Petro — $5 billion.

According to Nicolas Maduro, $1,738 billion of the proceeds were used to purchase food and manufactured goods, $1 billion will be allocated to support the national currency exchange Dicom.

The head of Venezuela has also announced that it has certified 16 cryptoolinux sites that are authorized to ensure the deal with El Petro to international cryptocurrency space.

Presales Venezuelan national cryptocurrency provided by oil, was launched on 20 February. Almost immediately, Nicolas Maduro, said that next week there will be second cryptocurrency backed by gold. Now, two months later, he again announced that Petro Oro will be activated “in the coming days.”

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Exchange GDAX established criteria for listing tokens

Exchange digital assets Coinbase GDAX has published information on how will be selected the tokens for listing on the trading platform.

In the new document, Digital Asset Framework the exchange has outlined criteria that must be met for an asset to be included in the auction. Will be assessed whether the asset with the mission and values of GDAX, whether it the listing is legal in accordance with the laws of the United States securities laws.

According to the document, will not be considered “investment” tokens — are classified as securities or created primarily for fundraising. At the same time “useful tokens” must have “clear and compelling cause” of existence. The exchange will also assess the level of safety and liquidity of each asset, the structure and transparency of the project.

Eligibility is not a guarantee of listing of the asset on the exchange, said GDAX.

“This document is not intended to be a final methodology, investment advice or an obligation to support any particular asset. As technologies improve, the use and development of the regulatory environment will also change and framework”, — commented the head of GDAX Adam Wyatt (Adam White) Digital Asset Framework in the blog.

He explained that the guidelines were designed to enhance the company’s transparency in response to questions about the process of selecting new assets to support.

“We strive to keep more assets, but our priority always is to protect your assets and meet regulatory requirements,” said white.

Earlier, the exchange had attracted the attention of regulators who demanded to explain the reason for the collapse in the price of Ethereum in July.

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Cameron Winklevoss: bitcoin will rise in price by 40 times

Someday bitcoin will be worth 40 times their current prices, I’m sure Cameron Winklevoss (Cameron Winklevoss), one of the two famous twin brothers.

At the time of writing the publication, according to CoinMarketCap, the market capitalization of bitcoin was about $137 billion This means that, in his opinion, it will reach once $5.5 trillion.

Your comments Cameron Winklevoss made during the ongoing summit MENA CNBC, where he compared bitcoin with gold.

“Taking bitcoin itself, we believe that bitcoin undermines gold. We think he’s better than gold if you look at the properties of money. And what makes gold gold? Deficit. Bitcoin is actually fixed in supply, so it is more than scarce, it is more portable, multifunctional, more durable. His breed is better than gold in all directions,” said Cameron Winklevoss.

He believes that now, when bitcoin price dropped, good time to buy because people believe in this asset as a store of value, like gold. The Winklevoss brothers believe that potentially the price of the first cryptocurrencies can grow 30-40 times, because the world gold market is about $7 trillion.

“Thus, we think regardless of price steps over the past few weeks that it is still a very undervalued asset,” said Cameron.

He did not name the exact timing of the execution of the forecast, but during the interview mentioned that brother Tyler is devoting to it 10-20 years.

Earlier, Cameron Winklevoss predicted increase in the price of bitcoin 20 times, also comparing it with the gold and focusing on the volume of the market of precious metal. But quotes then BTC was at $14 thousand per coin.

In December last year, the brothers Winklevoss was named the world’s first bitcoin billionaires. They also took fifth place in the ranking of the cryptocurrency billionaires for the first time recently compiled by Forbes.

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In Budva, three luxurious apartments sold for 420 bitcoins

In Budva, three real estate properties luxury in a residential complex, Dukley Gardens was sold for 420 bitcoins (around $3.2 million). This is evidenced by the data of the notary and representatives of the Association of Astra Montenegro Investment Association (AMIA), which in addition to conducting this transaction also convinced the representatives of the nearby hotel Dukley of the same Marina and Beach Lounge restaurant to accept bitcoins.

One of the participants of the deal said that the buying process was a lot faster than the traditional design. After signing the documents, bitcoins were transferred to the seller and then converted into euros.

Recall that the project Dukley announced the launch of sales of elite real estate with bitcoins in November last year.

In April, the business angel and the owner of a hedge Fund Zanett Asset Management Claudio Guazzoni de Zanet (Claudio Guazzoni Zanett de) put up for sale 6-storey townhouse in one of the most expensive and prestigious residential areas of new York, the Upper East side. And last month, the brokerage company of the Beverly hills Hilton & Hyland and blockchain startup Propy put up for sale at auction city Palace-the mansion of the XVII century in Rome, entered in the UNESCO world heritage list.

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Cyber Threat Alliance: in 2018 identified on 459% more cases of latent mining of cryptocurrencies

Team Cyber Threat Alliance (CTA), which includes reputable security company, the report “Threat of illegal mining of cryptocurrencies” reported that this year they were discovered on 459% more cases of illegal mining cryptocoins on computer equipment of the users.

The organization emphasized that the experts of companies-members of the CTA do not see signs of slowing down rapid growth in this direction, despite the overall downturn in the cryptocurrency market.

“Because this threat is relatively new, many people don’t understand it, its potential value and what to do about it”, – the report says the CTA.

Moreover, with the development of technologies that hackers use increasingly sophisticated solutions, using legal means in order to achieve download and run miners on the technique of the users and also make their detection extremely difficult for the antivirus applications or observers. In the future, CTA predict a continuing trend of positive correlation between the price of bitcoin and Monero and activity cryptogamia.

Earlier, analysts of the company Proofpoint found that the botnet Smominru hidden mines Monero with the help of exploit EternalBlue stolen by hackers in the NSA. In addition, the change that is created in this exploit the virus WannaCry launched a new — WannaMine secretly mining cryptocurrency. And recently, experts from the Chinese company Qihoo 360Netlab discovered a botnet Fbot that seeks and destroys other botnet – com.ufo.miner, malicious version of the miner ADB.Miner for mining Monero on Android devices.

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The crypto currency exchange bitFlyer complicates the verification of new users

Leading Japanese cryptocurrency exchange bitFlyer announced its intention to tighten the verification procedure of the customer in response to criticism of its policy of KYC.

From April 26 to users who only have registered, you will not be able to send or withdraw scriptactive Anansie the yen is not yet confirm his identity and address, received in the mail a letter from the crypto currency exchange. Before receiving the letter about the successful completion of the verification, the users will not be able to pay for goods in bitcoins using bitFlyer.

We will remind that earlier in the Japanese media appeared information about what the Agency for financial services of Japan (FSA) has doubts about the reliability of the verification of the user on the platform bitFlyer, if you just need to upload a copy of the documents proving the identity. The financial regulator considers that such a practice could facilitate the laundering of funds obtained by illegal means.

According to the statistical Bulletin of the National police Agency of Japan (NPA) for 2017, as a result of unauthorized access and thefts in the country were lost more than $6.2 million in the cryptocurrency. And from April to December of 2017, the National police Agency of Japan (NPA) has received from local cryptocurrency exchanges 669 reports of alleged money laundering.

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The Central Bank of China is looking for ways to restrict the bitcoin mining in the country

After the ban ICO and cessation of work in the country crypto exchanges, the Chinese authorities drew attention to the business of mining bitcoin, says Finance Magnates, citing a local source.

According to the publication, the people’s Bank of China insists on the regulation of the use of electricity, bitcoin miners to reduce production of cryptocurrency.

Since the Bank has no authority to impose such rules, it can request the local authorities to impose restrictions. About the regulator said at a private meeting of the Leading group of Beijing for the prevention of financial risks on the Internet at the end of 2017.

An unnamed source said that the government is concerned that bitcoins are produced using local resources, do not contribute to the country’s economy, as most of the cryptocurrency is sent to other countries.

As the newspaper notes, China hosts almost half of the capacity bitcoin mining. Electricity consumption for extraction and transaction of cryptocurrency is growing. According Digiconomist, today the energy consumption of the Bitcoin network is already 0,17% of the world, and at the end of November, it was 0.14 percent. That already exceeds the energy consumption of such countries as Ireland or Nigeria.

After the ban in early autumn the Chinese authorities conducting the ICO and work cryptocurrency exchanges, the miners began to fear that the following restrictions will apply to have their business. In mid-November, state grid company of Sichuan province, which is one of the centers of mining in the country, sent a circular banning power plants to have a relationship with this business. Later it turned out that the company has exceeded the powers, but it was another signal for bitcoin miners. Many of them began to seriously consider the possibility of transfer of business abroad.

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The American company is making a film on the blockchain using the blockchain

In the spring of 2018, the American company SingularDTV will release the first documentary about blockchain technology, which will also be filmed using this technology. The film will be called Untitled Film Blockchain.

The film will be directed by Alex winter (Alex Winter), who is interested in cryptography since the 80-ies and already has in the filmography of the work on decentralization and online communities. This time he will travel the world to interview inventors and innovators that play a significant role in the evolution of blockchain technology and decentralization. It also explores how technology solves real problems of the people.

The blockchain technology will not only become the main theme, but also the basis for the entire production of the film. All the data on its production, from financing to distribution issues, will be stored on the platform on the basis of Ethereum.

“We create an ecosystem in which artists and creators in the entertainment industry can do to raise funds, engage in marketing their projects rent equipment — using licenzirovanie system,” — says the President of the SingularDTV Kim Jackson (Kim Jackson).

Winter hopes to dispel some incorrect judgments about blockchain technology and make the film is not a journalistic or entertainment product, and a movie with a well told story.

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The price of bitcoin has become more closely correlated with the «fear index» VIX and gold

Cryptocurrency expert by the Wall Street Journal Paul Vigna came to the conclusion that against the background of falling global indices bitcoin has become more closely correlated with gold.

So, based on the data of the analytical company Excalibur Pro, Vigna notes that the correlation coefficient between gold and bitcoin, the last five days was 0.84. This indicates a strong correlation between prices of these two assets. Also, according to experts, bitcoin is increasingly seen as a digital analogue of the precious metal.

Viña sure that his popular bitcoin owes a lot of so-called quantitative softening (Quantitative easing, QE). This policy of Central banks has led to a «flooding global markets with liquidity» and low interest rates and prompted investors to invest in risky assets. At the same time, the expert believes, is «no more risky asset than the rebel bitcoin».

As you know, global indices Dow Jones S&P 500 and Nasdaq in recent months, falling rapidly. Against this background, notes the Vina, the correlation coefficient between bitcoin and the so-called «fear index» VIX is 0.77, which is also quite high.

VIX (Volatility Index, volatility index) is indicative of the tool calculated by the exchange on the CBOE option prices, which reflect market expectations on the future volatility of options on the S&P 500 index.

We will remind, earlier the President of Equity Armor Investments Brian Stutland expressed the opinion that using bitcoins and VIX can effectively hedge risks in the traditional financial markets.

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