The FSA ordered new Japanese crypto currency exchange to answer more than 400 questions on risks

When submitting applications for registration in the financial services Agency (FSA) new Japanese cryptocurrency exchanges will now have to answer more than 400 questions regarding the risks of their activities. According to The Japan Times, to protect investors and users of the FSA expanded the requirements adopted in April last year the law on payment services 4 times by increasing the number of questions on the risks.

In addition, the financial regulator intends to conduct a review in relation to shareholders applying for a license cryptomery to eliminate the risks of their participation in antisocial groups. The company is also required to submit to FSA the minutes of the meetings of the Board of Directors for verification of how these agencies pay topics financial health and security of computer systems kryptomere.

Recall that three weeks ago, according to the results of the inspections the FSA has decided to tighten requirements for new cryptomerias who wish to obtain a license of the financial regulator, continue to carry out site inspection and assess the effectiveness of their business models in the early stages of operational activities of companies, putting priority to the protection of investors. Also recently it became known that the Japanese national police in response to the increasing use of virtual currencies in lawful use plans to introduce in the work of the special software for tracking the history of cryptocurrency transactions and identify kryptomere involved in illegal activities.

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Bitmain has applied for the IPO

Chinese mining giant Bitmain formally applied for an initial public offering (IPO) on the Hong Kong stock exchange (HKEX). Document yet to be finalized as a draft on several points, including the volume of supply of shares and the dates of the campaign. However, in this form it can be seen HKEX in the first stage of the application process.

In the current version of the application indicated that on 30 June this year, the Bitmain revenue totaled $2 billion 845 million 467 thousand in 2017 and $2 billion 517 million 719 thousand, and in 2016 – $277 million 612 thousand With gross profit of $1 billion 30 million 151 thousand in the first half of 2018, the $1 billion 212 million 750 thousand in 2017 and $151 million 351 thousand in 2016.

Balance Bitmain bitcoin, Cash Bitcoin, Ether, Litecoin and Dash at 30 June 2018 is listed at $886,9 million, accounting for 28% of all assets of the company at the time. This is less than Bitmain declared on December 30, 2017 ($872,6 million or 30% of assets) and greater than the same date in 2016 ($56.3 million).

The number of mining equipment, Bitmain sold in 2015, 2016, 2017, and as of the second quarter of 2018, as recorded in document at the level of 230 thousand, 260 thousand, of 1.62 million and 2.56 m, respectively. In 2017, 27% of the proceeds of mining equipment, Bitmain has received funds in cryptocurrency. In 2015, all the company’s products focused on the mining bitcoins, and in the first half of this year, 73.2 per cent of miners Bitmain was designed for mining bitcoins or Bitcoin Cash.

In addition to the statements in the document predstavleno description of the activities of the company and some details of the IPO. So, its underwriters will be the company China International Capital Corporation Hong Kong Securities Limited, Commerce and Finance Law Offices, Maples and Calder LLP, KPMG and Frost&Sullivan.

We will remind, the General Director of mining giant Bitmain Wu Jihan (Jihan Wu) in June confirmed a spread in the Chinese media rumors that the company is open to the IPO. Later an investment company Temasek, technology conglomerate Tencent Holdings, a Japanese telecommunications and media Corporation SoftBank Group has denied the appeared information on their participation in the next round of financing Bitmain before its IPO.

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The constitutional Assembly of Venezuela has approved a bill to regulate cryptocurrency in the country

The constitutional Assembly of Venezuela approved the proposed President Nicolas Maduro (Nicolas Maduro) draft law on the regulation of cryptocurrency in the country. The document consists of 64 articles and 5 transitional provisions that reinforce the status of El Petro as units of commercial exchange inside the country, for which you can buy goods and services.

However, the Assembly also adopted amendments to existing laws relating to the laundering of illegal funds. New amendments to the local cryptomeria allowed to carry out operations with El Petro and the currencies of other countries. It is expected that these measures will help to overcome the financial and commercial blockades from the US and establishing new international business relations.

Recall that, according to information from official sources, on October 1, created in February of this year, El Petro is used when making international payments, and from the end of October became available to everyone directly through the website http://www.petro.gob.ve and 6 authorised by the government cryptomeria. Two weeks ago the Venezuelan government has launched a savings plan in Petro (PTR), which allows citizens to invest in national cryptocurrency, allegedly provided by oil, and save them with a certificate.

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The release of Bitcoin Core 0.18.0

Thursday, may 2, the developers of the most popular network client bitcoin Bitcoin Core has announced the release of new versions of the software under version 0.18.0. As previously reported, this release came with native support for hardware wallets.

This option will allow operators full node to interact directly with hardware wallets like the Ledger and best wallet.

At this stage the interaction between full node Bitcoin Core wallets and hardware is carried out via the command line, but in the future the developers plan to make the interface more user-friendly opening function for users that do not have specialized knowledge.

Additionally, Bitcoin Core 0.18.0 added a tool called `bitcoin wallet`. It allows you to create a new wallet file without having to resort to using a callback function, and to view basic information about existing budgets, including the status of its encryption, the use of the key phrase and the number of transactions.

In the tab send money (Send) removed check that forced user to pay only the required amount of fee. Instead, there was the ability to customize the size of the fee, reducing it down to the configured minimum fee for broadcasting transactions to the network.

The new release also changed some other elements of the user interface, added and updated a number of commands for the remote procedure call is intended primarily for developers added additional error protection for miners, fixed other minor bugs.

Recall, the release of Bitcoin Core 0.17.0 was held in October 2018.


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Research: cryptocurrency owned 22% of institutional investors

Almost half of institutional investors (47%) sees the advantages in having digital assets in their portfolios, and 22% already own them. These are the results of a study conducted by Greenwich Associates by order of the financial conglomerate Fidelity Investments, according to MarketWatch.

In a survey conducted in the period from November 26, 2018 February 8, 2019, involved more than 440 institutional investors from the US, including pension funds, companies on management of family capital, cryptocurrency, and traditional hedge funds. His goal was to find out the attitude of large financial institutions and consultants to cryptocurrencies as an investment instrument.

The results of the study also showed that 57% of investors prefer to invest directly, and 72% consider investment products that include this new asset class.

However, the most remarkable is the fact that almost a quarter of respondents (22%) stated that already owns the cryptocurrency.

«We see that interest in digital assets is maturing as well, with early adopters such as cryptocurrency hedge funds, and traditional investors — companies for the management of family capital, and endowment funds», — said the President of Fidelity Investments Tom Jessop.

He also noted that although the study was conducted during a bear market, the company has seen no reduction in interest cryptogram. According to Jessop, the majority of firms are exploring this space with the understanding that technology will continue to exist and will be developed further.

At the same time among the main factors scaring away investors from the market digital assets, called high volatility, the lack of clear regulation and weak fundamentals.

Previously, Tom Jessop said that available on the market cryptocurrency exchanges do a good job with their tasks, because the company will not launch its own platform for trading digital assets. Instead, it cryptocurrency division Fidelity Digital Assets will focus on creating focused on institutional investors products storage of large amounts of cryptocurrency.

In March the platform was launched on a limited basis for select clients and only supports bitcoin.


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Binance will launch a decentralized exchange by the beginning of 2019

Binance,
the largest crypto currency exchange in the world by day trading volume, plans to launch
the beta version of its decentralized marketplace by the beginning of 2019. About it
said the head of Chanpen Zhao (Changpeng Zhao) on Twitter.

«We just held a productive meeting about Binance DEX (decentralized exchange), where natural fuels will serve as tokens BNB, and the exchange will not control the means of users. We plan to launch a public beta later this year and early next. Yes, we work Saturdays, non-stop,» wrote Zhao.

In July, the program Crypto Trader CNBC, the head of the Binance said he believes the decentralized exchange is the future of cryptocurrency.

«I think decentralized exchange is the future. But I don’t know when this future will come. I think we are still at an early stage in this direction and I don’t know how much more time does it take – a year, two, three or five years. I don’t know, but we have to be ready for it,» he said.

According to Zhao, Binance may be a safer alternative to other decentralized platforms thanks to the strong architecture and infrastructure. Since launch in 2017, the exchange has never been hacked.

Chapter Binance believes that the real benefits of decentralized exchanges are the freedom and full control of users over their funds. In such sites, you do not need to create accounts or to apply for withdrawal. Each transaction is in the blockchain using neoscopelidae wallet.

Recall that the first demo version of a decentralized exchange on
Binance was
presented in August of this year.

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The Central Bank of Germany and the Deutsche Börse has successfully tested two blockchain prototype

Germany’s Central Bank Deutsche Bundesbank and exchange operator Deutsche Börse has announced the successful testing of two prototypes developed jointly by the securities settlement, indemnity bonds and payments with the use of blockchain technology.

The tests showed that the prototype is ready for implementation in production operation in a realistic infrastructure of the financial market and can serve as a basis for further developments.

Solution development was conducted in 2016 on platforms Hyperledger Fabric (version 1.0) and Digital Asset after the partners have teamed up in a research project BLOCKBASTER to explore the application of blockchain technology for transfers and securities settlement and Vietnam currencies.

We will remind that in September of this year, Deutsche Börse in the framework of the development Roadmap-2020 has established a division specializing in technology for distributed registry, scriptactive and new market structures. And the specialists of the Central Bank of Germany a year ago thought that the blockchain technology “gives a number of advantages for the implementation of distributed data storage”, but has weaknesses in the privacy issues of the users and transfers of assets in the “real world”.

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Ledger will soon begin delivery of the Nano wallet X

French manufacturer of hardware crypto-wallet Ledger on Thursday reported that he was able to settle all the issues, because of which the release of his new device Nano X has been delayed.

«We are pleased to announce that we have solved the problems related to the content of plastic parts Nano X. the Final confirmation and delivery dates will be announced next Thursday,» wrote the company thanking its customers for their patience.

Of unforeseen circumstances in the production of Nano X «discovered at the last moment,» Ledger said in mid-March. It was assumed that the first devices will be shipped to their owners at the end of the month. However, the company was forced to reject some items because they did not meet her quality standards.

Users who order a Nano X to the March notice to the company, as an apology will also get wallets Nano’s, which they are encouraged to use as a backup for the primary device.

Ledger recently notified users about the suitability of wallets Nano’s for transactions on the stock exchange Binance DEX.



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The number of transactions using the technology of mixing has increased significantly

The popularity of mixing technology, designed to provide a higher level of anonymity in the bitcoin network, over the past year increased significantly. So, according to a recent report LongHash, the number of transactions using the CoinJoin over the past nine months has increased by 300% and today accounts for 4.09% of all transactions.

In his report, LongHash refers to data provided by the CTO of the company zkSNACKs Adam Ficora. Recall that zkSNACKs Wasabi is a developer Wallet, which has built-in support CoinJoin technology and is one of today’s most popular tools anonymize bitcoin transactions.

The main idea of CoinJoin is the mixing (mixing) coins of different users and their subsequent unification into a single transaction. Normal transactions are easy to track in the public blockchain, and this method allows to some extent to hide the relationship between sender and recipient.

As seen in the chart below, the number of CoinJoin transactions has been steadily increasing since the middle of last year, although previous historic heights it isn’t.

In particular, the largest number of mixed transactions had in 2011, exceeding then 7.5% of all payments in the network. This may be due to the fact that then the CoinJoin technology was just beginning to be tested, and the number of transactions in comparison with today were relatively small.

Another wave of growth was observed in the period from late 2013 and 2014, and its main reason could be the integration of technology Shared Coin in the Blockchain wallet in November 2013. Shared Coin was a available at that time open source implementation of the CoinJoin technology. 1 Feb 2014 this function from Blockchain wallets were however removed, after which the number of mixed transactions began to decline.

In 2015, the release JoinMarket, bringing the number of CoinJoin transactions again went up, but up until August 2018, when it was released Wasabi Wallet, significant growth was not observed.

Increased to date, the number of transactions using the technology of mixing also shows that more and more people use bitcoin for its original purpose – as resistant to censorship global payment method.



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Bitcoin Core updated to version 0.18.0

Thursday, may 2, the developers of the most popular network client bitcoin Bitcoin Core has announced the release of new versions of the software under version 0.18.0. This release came with native support for hardware wallets.

This option will allow operators full node to interact directly with hardware wallets like the Ledger and best wallet.

At this stage the interaction between full node Bitcoin Core wallets and hardware is carried out via the command line, but in the future the developers plan to make the interface more user-friendly opening function for users that do not have specialized knowledge.

Additionally, Bitcoin Core 0.18.0 added a tool called `bitcoin wallet`. It allows you to create a new wallet file without having to resort to using a callback function, and to view basic information about existing budgets, including the status of its encryption, the use of the key phrase and the number of transactions.

In the tab send money (Send) removed check that forced user to pay only the required amount of fee. Instead, there was the ability to customize the size of the fee, reducing it down to the configured minimum fee for broadcasting transactions to the network.

The new release also changed some other elements of the user interface, added and updated a number of commands for the remote procedure call is intended primarily for developers added additional error protection for miners, fixed other minor bugs.

Recall, the release of Bitcoin Core 0.17.0 was held in October 2018.



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