According to the Analytics service Messari, the rate of return on investment (ROI) in bitcoin for the year amounted to -71,52%.
As can be seen from the table, the current ROI is worse than in 2014, when it was similar in nature bear market.
However, long-term investors who bought «digital gold» five years ago, obviously it has paid off — during which time the market value of BTC has increased almost four times (+394%).
Also note that in 2013 the growth of bitcoin prices was much more rapid than in 2017, reaching a historical high (All Time High ATH) from $20 000. In relation to ATH, price BTC, to date, declined by 81%.
We will remind, earlier ForkLog published a review of long-term forecasts of the price of bitcoin from well-known experts of kryptonyte.
The former head of Coinbase and Litecoin Creator Charlie Lee (Charlie Lee) on Twitter expressed concerns about SegWit2x and aspirations of a group of companies to change the bitcoin Protocol without the consensus of the community.
Miners and business cannot change Bitcoin without user consensus. So today, to show my disapproval, I’m adding [NO2X] to my name. Join me!
— Charlie Lee [LTC] (@SatoshiLite) September 27, 2017
“Miners and business can not change without the consensus of Bitcoin users. So today, to show my disapproval, I add [NO2X] to my name,” wrote Lee.
In may, Digital Currency Group published the proposal, which was signed by 58 companies, with 83% Hasrat of the bitcoin network. It was called the New York Agreement (the“new York Agreement”). They called for activation of the Protocol SegWit, and then, after 90 days, hardwork with the increase of block size to 2 MB (SegWit 2).
Activation SegWit hosted in the network on 24 August, in the result without changing the block size, the throughput increased by about 75%. And the second part of the agreement was the cause of the community, more and more questions and doubts.
Initially, opponents of the implementation of the Protocol SegWit2x was made by the developers of Bitcoin Core. Then it became clear that broad support in the bitcoin community, he has not. In consequence of the support SegWit2x began to refuse even some members of the new York agreement.
Two exchange-traded Fund (ETF), which has expressed its intention to focus on the blockchain sector, has raised about $240 million investment for a week after starting work.
Assets under management Amplify Transformation Data Sharing ETF (BLOK) increased from $2 million to $164,9 million the Success of this ETF experts explain the fact that he is working with the semiconductor manufacturer Taiwan Semiconductor Manufacturing, causing interest among the miners, and online retailer Overstock.com.
Assets under management Reality Shares Nasdaq NexGen Economy ETF rose 9 times — to $86,27 million ETF manages stock corporations IBM and SBI Holdings, also exhibiting high activity in the field of cryptocurrency and application of blockchain technology.
“It is rare when the ETF attract the same amount, but there is pent-up demand for a thematic approach to participate in the blockchain(industry),” says Todd Rosenbluth (Todd Rosenbluth), head of the direction for research funds, ETFs and collective investment in the company CFRA.
We will remind, the Commission on securities and exchange Commission (SEC) has signaled that it will not approve the cryptocurrency ETF as long as not resolved the problems associated with the protection of investors. In addition, the SEC, according to its head of Jay Clayton (Jay Clayton), closely followed by companies that changed their names and business models to take advantage of the growing interest in cryptocurrency and the blockchain. As a whole, the SEC and the Commission on trade commodity futures (CFTC) enhance oversight of the cryptocurrency industry.
The US President Donald trump (Donald Trump) have signed a government decree on new sanctions against Venezuela because of its cryptocurrency El Petro.
Earlier it was reported that trump plans to sign this week a document imposing additional sanctions on the Latin American country for trying to circumvent existing economic constraints. Signed by the President of the United States the order blocks any transaction El Petro in the United States, said in the White house.
Even before the release of El Petro the US Treasury Department warned citizens who wish to invest in Venezuelan currency about the risk of prosecution imposed on the country sanctions. But two influential senators — Marco Rubio(Marco Rubio) and Robert Menendez (Robert Menendez) is concerned about the possibility of circumventing the sanctions by Venezuela with El Petro. In this regard, they wrote an open letter to the Minister of Finance Steven Mnuchin (Steven Mnuchin). Although shortly before he explicitly stated that neither Russia nor Venezuela will not be able to circumvent financial constraints by issuing cryptocurrency.
Presales Venezuelan cryptocurrency provided by oil, was launched on 20 February. The country’s President Nicolas Maduro (Nicolas Maduro) has repeatedly declared high interest to El Petro from investors. Not so long ago he announced that through the sale of cryptocurrency attracted $5 billion.
Immediately after the start of sales of Petro El Maduro announced the imminent release of another cryptocurrency — Petro’oro, backed by gold. Yet this was not followed, but experts Express doubts about the sales figures of the national cryptocurrency of Venezuela, regularly voiced by the head of the country.
Recall that the release of El Petro was declared illegal by the Parliament of Venezuela, and the subsequent events have caused a negative reaction of trade unions of the country.
After yesterday representatives cryptocurrency exchange Poloniex announced the opening for the users the options of placing and withdrawal of funds in EOS, today they announced the official addition of the ability to conduct operations with this cryptocurrency to trade pairs with bitcoin, Ethereum and USDT.
#EOS markets are now live on #Poloniex
— Poloniex Exchange (@Poloniex) August 1, 2018
We will remind that two weeks ago, Poloniex has unveiled the official mobile application for Android and iOS devices in which it is possible to trade after generating API key on the exchange website.
The European securities and markets authority (ESMA) has extended for 3 months expiring on November 1, the restriction on the marketing, distribution and sale of contracts for difference (CFD) related to cryptocurrency. This decision was made because ESMA remained serious doubts as to the absence associated with these risk products for retail investors.
ESMA set limit leverage for retail clients to cryptocurrency CFD is 2:1, while for the major currency pairs – 30:1 for minor currency pairs, gold and major indices – 20:1, for products other than gold and minor stock indices and 10:1 for individual stocks and other control values – 5:1.
In addition, to limit losses of the client in ESMA supported the practice of protection account from the negative balance for each account, imposed a rule closing the margin for each account, limited incentives in the sphere of CFD trading, as well as standardized risk communication, including an indication of the percentage of losses in the accounts of retail investors CFD provider.
Recall that ESMA tightened position on the contracts for cryptocurrency derivatives in March this year. Earlier, France banned advertising cryptocurrency contracts for difference on electronic media, and in the UK investors in CFDs at the level of the financial regulator warned of the risks.
On 16 January, the Commission on trade commodity futures (CFTC) has transferred to the Federal district court for the Eastern district of new York three cases on suspicion of being involved in fraudulent schemes with the use of cryptocurrency. Information about the two accused companies was revealed on the same day, and the third lawsuit was kept secret until today. As it turned out it concerns cryptocurrency project My Big Coin.
The CFTC filed a lawsuit on “virtual currency known as My Big Coin (MBC)”, Randall Kreiter (Randall Crater) and Gillespi Mark’s (Mark Gillespie) on charges of defrauding investors of more than $6 million.
The Commission argued that the organizers of the project My Big Coin stated to potential investors that their cryptocurrency backed by gold, and has partnered with MasterCard, as well as giving them other misleading information about price, use and trade status of the MBC. Raised from 2014 to 2018 funds they transferred to their accounts and spent on personal expenses and purchasing luxury goods: houses, Antiques, art objects, jewelry, furniture, etc. — and some part of the funds went to payments to participants of a financial pyramid.
“This case shows that the CFTC actively monitors and protects the virtual currency markets and will resolutely follow the requirements of the Law on commodity exchanges, aimed at combating fraudulent activities. In addition to dealing damage, fraud with virtual currencies, hindering the potential development of the market in this sphere”, — commented the Director of the CFTC for selective enforcement James MacDonald (James Macdonald).
Recall that the heads of the Commission securities and exchange Commission (SEC) and the Commission on commodity futures trading (CFTC) announced increased oversight of the cryptocurrency industry. The head of the SEC , Jay Clayton also said that the SEC is closely monitoring the companies, a change of course on the blockchain.
In 2018, the state Duma of the Russian Federation, according to RBC intends to order a few dozen of the expert-analytical research. Among the priority topics in the list are, and study international experience in the regulation of cryptocurrencies.
A proposal to conduct a study of ways «legal regulation of the use of blockchain technology in the financial market of Russia taking into account international experience» to the Board on the program of the scientific expert and research work of the state Duma of the Russian Federation addressed the Committee on the financial market.
The final decision on the program of studies for next year must approve the regulation Committee of the state Duma. Conclusion of state contracts with the winners of the contest will be held in December this year.
According to RBC, the state Duma of the Russian Federation also announced an open competition to conduct expert-analytical studies on the topic «legislative regulation of the introduction and practical application of modern financial technology,» at the end of September. It is expected that the winner will develop proposals for counteraction by government regulation, threats and risks that carry the blockchain technology.
Recall that the Russian developers are launching a lending platform for business on the blockchain. The blockchain also preparing to translate the Moscow real estate register. And Mail of Russia are already beginning to implement the technology into their work.
The Japanese company Remix Point has offered its customers the opportunity to pay for the electricity consumed by bitcoin. Customers paying with bitcoin will receive an additional discount.
Bitcoin payments are handled by a subsidiary of Remix Point cryptocurrency exchange Bitpoint. She was among the first eleven cryptoolinux sites licensed by the financial services Agency of Japan (FSA).
Remix Point, which previously supplied electricity to high voltage consumers, in August expanded its retail business on the market of low-voltage electricity. Its customers are households, corporations and retailers.
Low-voltage consumers on the retail electricity market have small bills for electricity compared to high voltage customers, said the company, noting that even a minimal amount included for more permanent expenses, such as billing and payment processing. Paying with bitcoin allows you to save these charges to 3% of the amount.
“We will help spread calculation of virtual currency in Japan, creating a payment services which reduce the cost of transfers and payments that is the original advantage of virtual currencies,” the company said.
Earlier it was reported that the payment in bitcoins began to take of Japan’s largest C2C service ticket Ticket Camp.
Official representative of Russian Ministry of internal Affairs of Irina Volk said that the police identified the persons involved in the organization of large-scale illegal mining at the former RTI plant in Orenburg.
They were two executives of the company, conducting their activities at the plant, said Irina Wolf. Against them criminal case under article 165 of the criminal code of the Russian Federation “Causing property damage by deception or abuse of trust.” In part 2 of this article to them threatens till 5 years of imprisonment.
Interior Ministry spokesman confirmed that to detect illegal mining farm helped energy received from them a statement about the loss of electricity at the plant. Arrived at the scene, police found more than 6 thousand units of equipment for mining, connected the power cables to a nearby substation.
“Previously, it was found that high-tech equipment used for the production of cryptocurrency. As a result of the activities of employees of the Ministry of internal Affairs of Russia across the Orenburg region was established suspects in committing this crime”, — said the representative of the Ministry of interior.
Irina the Wolf is not reported how the police evaluates the profitability of the farm and the size of the caused energy damage. Informed yourself of energy has stated that using illegal connection of electricity was abducted 60 million rubles. According to preliminary estimates of farm consumption amounted to 8 million kWh.
Earlier, the customs of the Russian Federation said that the Russians are increasingly trying to import from China mining hardware.