«The indicator who laugh at» — as Arun helps to determine the upcoming trend

Cryptologist regularly speaks about trends in the increase or decrease of digital assets, and predict which can be difficult because of the high volatility. Over the years, with varying success, after December 2017, the market remains in a bearish mood, which has reduced the value of bitcoin from $21,000 to $6,000. To predict the upcoming trends when the crypto asset will go up or down, is extremely difficult. To do this, use technical analysis with indicators, which are taken from piatogo trading.

The cryptocurrency industry has used to separate itself from classical economic system and ignore many laws, techniques and methods that have worked successfully in familiar to all the world. This is not surprising because digital assets is excessively dynamic and atypical for compliance with the established norms of the financial system. However, on the stock exchange traders use adopted in Fiat to trade technical analysis with indicators for the measurement of assets and their actions.

We have already talked about most commonly used indicators in the cryptotrading, among them volume, zigzag, RSI, moving averages, МАСD, CCI, ADC and DI. These indicators are applied regularly exchange players. But, as with all technical indicators do not reflect the reality in 100% and show only what was already. So capturadora constantly experimenting and using all sorts of other indicators for more accurate analysis.

Not so long ago, «joke», began to apply a system of indicators Arun from classic technical analysis. In Vietnam trading on the popularity of Arun can be compared to the aforementioned known MACD or Stochastic oscillator («Stochastic»). Now the indicator has reached the cryptocurrency industry, and one of the columnists of the portal Medium helped to predict the long-term trend for bitcoin and increase the value of their assets.

Understanding of the indicator Arun

In 1995, an American engineer of Indian origin Tushar Chand after a long trading for more convenient calculation of upcoming indicators invented the indicator Arun (Aroon). The name was taken from Sanskrit and translates as «the early light of dawn». On the idea of Chanda, the pointer should indicate the point of origin of a trend and its termination.

Knowledge of the strength of the current trend gives the analyst an advantage and a vision of what he can count on increase or decrease in prices for a relatively long period. For example, if a trend is not observed and the market or financial instrument is at the stage of bidding, an analyst with Aruna prevents action at a time when the future fate of the instrument is less predictable.

How does Arun

The complex technical indicator Arun consists of two periodically intersecting lines and oscillator that displays the interaction of these lines. A pair of reference lines includes the upper Arun — Aroon Up and lower Arun — Aroon Down. Still have the oscillator indicator that shows the difference between lines within a relatively narrow market corridor.

Consider the chart of the trading pair BTC/USD for November 14, 2018. Data presented are from the portal TradingView, where the sequential transition sections «Chart» — «Indicators and strategies» — Builtin — «Arun» there will be two triangular or broken lines, which, unlike the smooth sine wave, it is convenient to use for calculation of the indicator. In this image the orange line is the Aroon Up when the appreciation of cryptocurrency, the blue line is the Aroon Down, it characterizes the reduction of the cost.

Schedule of the trading pair BTC/USD for November 14, 2018. The only negative data TradingView is that in the dynamics there is no third indicator is the oscillator. Source.

To compute all three values (Aroon Up and Aroon Down oscillator) only needed one parameter — the period of calculation. Orange Aroon Up displays the number of days from the beginning of the period to the absolute maximum in the period. The value of the Aroon Up is measured relative to the maximum value is 100. November 14, 2018, as seen in the chart, the indicator multiple times have achieved the highest indicators.

Aroon Up can be calculated by a set formula, in which:



N — period of the indicator;

H — the number of days after the absolute maximum in this period.

For example, when analysing a period of 10 days, the value of the Aroon Up will be (1-1)/10)100=90, if 2 days ago, ((10-2)/10)100=80 and so on.

The principle of the calculation of the Aroon Down is similar to the upward Arun. The only thing you need to take the number of elapsed days absolute maximum, not the maximum period. This is the formula:


Arun oscillator is counted by subtracting Aroon Down from Aroon Up. The upper and lower Aruna can only take values from 0 to 100, the oscillator may range from -100 to +100.

Conclusions according to the calculations of the indicator

After the calculation, the indicators will give the following signals with ranges on the basis of which it will be possible to draw conclusions about the trend.


The blue line in the range of 70 to 100 is a signal of a strong uptrend;

From 50 to 70 — strong trend there, but the development potential is still very large;

From 30 to 50 — uptrend ends;

From 0 to 30 — uptrend no.

For a downtrend remain the same indicators as for rising from 70 to 100, from 50 to 70, from 30 to 50, from 0 to 30. In this case, the analysis takes an orange line.

Therefore, when the presence or absence of both trends when the metrics are above 70 or below 30, this trend is not. Probably at this point in time the market is flat — the period when the asset price does not rise and not fall, or there is a period of prolonged fracture older trend.

If both lines Aroon Up and Aroon Down is below 50, then no trend changes are not expected, in this case, traders are most profitable to apply to the flat tactics.

In the case that both the lines intersect at values above 50, there is a change of trends, therefore, there is a chance to discover a bargain at one of the best prices.

If trading the default set is the oscillator, to draw conclusions on future trends is even easier. The very position of the oscillator depends on the location of Agoop Up and Aroon Down. Than the oscillator will be above or below a Central zero line, the stronger the upward (or downward) trend; if the oscillator is at zero, then there is a period of trading and there is no trend.

Indicator Arun in tactics

Capturador under the name «Crypto Otsukimi» in his blog on the Medium tells about the use of Haruna and that supposedly the use of this indicator allowed us to better calculate trends. After the experiment with many trading indicators punter says that he ran into Arun, and have not seen the practical applications of cryptocurrencies.

«About the indicator is the main article, but I haven’t seen Arun seriously used cryptotrading. Once this was done someone for jokes, they laughed at him, I saw it and I wanted to try. So I started to test a new indicator of technical analysis,» writes Crypto Eskimi.

The third component — the oscillator, the trader called spectrum and compared it with the axis (Z) in the chart XYZ. The introduction of this measure on the spectrum may determine its durability. As a rule, the higher the line Z on the spectrum, the higher the power, the smaller, the lower the power.

The oscillator, or the line Z, is exactly in the middle of the indicators and divides them into two parts for 50 units. Source.

Trader advises for Arun to use a standard that is 14 units: 14 days, 14 hours and so on, because this measurement is most convenient. «But, of course, you can adjust the parameters for yourself. Higher unit should give peak identification of the trend while smaller units can be used for potential scalps», the article says Crypto Eskimi.

Indicator Arun with his three lines shows a cross — blocked price movements that are ready to move up and change the price action. Arun usually helps to see, whether there will be a new trend. Aroon Down Cross bearish cross, Aroon Up Crooss — on bullish.

Arun is also suitable for calculating short and long positions. The first graph shows a long position and the cross. As a trader said, the day before the entrance you could take a potential position (to use their own risk management and application), and the next day after crossing the results on a graph would yield more than 11%.

A long position and the cross. Source.

On the second chart illustrates short position. Candle before the cross was maintained in the trade, but still wanted to cross it. Bringing the cross to bear short will give a profit of approximately 19%, the trader expects.

Short position and the cross. Source.

Overall, as demonstrated by the trader, with the help of unusual for the cryptocurrency trading indicators of technical analysis it is possible to calculate the required indicators and obtain even more profit from the assets.


Project P2P Validator will help in managing the assets in PoS networking

The consensus algorithm PoS (Proof-of-Stake, proof of share ownership) and its modifications have become a preferred method of protecting cryptocurrency on the market. So, the blockchain is the third of the capitalization of Ethereum cryptocurrency is preparing for a full transition at PoS that would not only reduce electricity consumption, but will significantly increase the level of security of the entire network. However, the market demand for services to work with the assets of PoS networks, such as P2P Validator. Launched this year, the project provides users with the ability to manage their own assets in the PoS networks without having to trust third parties. What are the key advantages of this service and how it will help in the development of the P2P-economy — read the material DeCenter.

Advantages of PoS before PoW

The idea of using alternative PoW (Proof-of-Work, proof-of-work) of the consensus algorithm was proposed in 2011 on the forum «Bitcointalk». However, cryptologist took another year to implement the new Protocol PoS — algorithmic method of protection in which the probability of forming a new unit the proportionate share of ownership internal cryptocurrency network. For the first time this Protocol was used successfully in 2012, bitcoin PPCoin.

Today PoS networks have several key advantages compared to those that support the PoW. First and foremost, this concerns the PoW-networks associated with high consumption of electricity. Because instead of computing user, the main role is played by the number of cryptocurrencies that are on the account, the PoS network means significant savings to protect their blockchains. Also attack 51% becomes impractical because it will lead to destabilization of the cryptocurrency, which is primarily disadvantageous to the attacker.

In the framework of the PoS-algorithm for maintaining network health answer validators. Unlike the miners, for which the key role played by the computational power of their nodes is important for validators steak — they share ownership of the cryptocurrency network. More than steak, which is offered in the form of collateral, the higher the reward for each tested and the proposed unit. However, other network members can support validator and delegate to him or her your coins. In return, they will receive part of remuneration in proportion to the amount delegated cryptocurrency.

About the project P2P Validator

P2P platform Validator was founded in 2018 after the success of the projects launched Chaincode developers and crypto-entrepreneurs. The project aims to open new opportunities emerging P2P economy users of PoS networks. To do this, the project team starts the firewall platform to manage and staking digital asset with a user-friendly interface. Thus, the project not only optimizes existing networks, but also contributes to the development of new PoS technologies.

Today the platform supports the work of the block chain Tezos XTZ (mainnet), Polkadot (testnet), Cosmos (testnet), IRISnet (testnet) and Solana (testnet), where users can delegate their assets to the validators. In the near future this list will be added to the network Nucypher and Dfinity, and the use of analytical cross-platform Toolkit that will help you to track delegated steaks and available rewards.

Using P2P Validator users will be able to delegate their assets to the validators, to vote and to participate in the further development of networks and support key values and a set of rules of its decentralized community, thereby fully satisfying social and algorithmic PoS consensus. Also, the platform will help in the management of the steak and will represent the interests, rights and wishes of each user, who for one reason or another cannot participate actively in the development of the network. The user will still receive rewards from validators minus 10% Commission platform.

The commercial value of the project

Among the key values that support the team, it’s worth noting five key areas:

Security. Protection of ownership interest and users ‘ personal information is a priority of the project. Each member of the P2P Validator community has the right to anonymity and is not obliged to disclose its financial data to other project participants. Also every user has a right to arbitration where breaches occur as a result of the actions of other users or of the service.

Transparency. The community project can track all actions and decisions of the team that provides data about the development of the project proceeds, the size of the steaks and the amount of delegated assets as well as the statuses of PoS networks.

Cutting-edge technology. P2P Validator provides users with a single interface through which they can manage their assets in different PoS networks. In the near future, the team will also add the possibility of using DApps staking open source other tools needed community project.

Associated benefit. The purpose of staking — to generate revenue and to introduce new coins into circulation network. Members will receive all rewards for operations takingon with the exception of 10% of the fee charged by the P2P service Validator. Therefore, the project team is interested in working with the most successful PoS networks, and competent management which ensures the increase in the value of the entire network and high-income delegates.

Efficiency. The project team is a stakeholder in the successful development of each of the represented PoS network as the individuals has assets in steninge. In this regard, each business decision is based on detailed financial analysis and experience of the team, to avoid excessive delegation and to assist each network in the successful development.

Plans for the development of P2P Validator

The project team P2P Validator aims to become a leader in the field of education and training to work with all components of the PoS network. For this part of the profits will be directed to the establishment of the international education center and production of training materials: webinars, instructional guides and news platforms.

It is obvious that one of the key priorities of the project is to create a cohesive and educated community, which will contribute to the successful and long-term development of the whole P2P economy. In this regard, a significant part of the income will be used to support all project participants, as well as to attract new members, support the values of consensus PoS.

Also, the project will be launched to support the developer DApps open source. The development and launch of effective decentralized applications will help in the development of all PoS-community, therefore one of the key aspects will be the availability of the code on GitHub, where anyone can offer their own modifications and upgrades. Moreover, supporting independent developers and their projects, the entire ecosystem P2P Validator will reach a new level of productivity.


Bitcoin graffiti

Bitcoin and graffiti have virtually kinship: both originated from the desire of freedom, liberation from control. Today bitcoin graffiti are taking over streets around the world, including in Paris, San Francisco, tel Aviv, Kiev, Prague, Vilnius, London. Some crypto-graffiti anonymous and some are known for his resonant works of the graffiti. Some completely separated, and some engaged in dialogue with older works in this genre. What are bitcoin-graffiti — versed in our material.

The new York subway

Now, reaching a compromise with the authorities, street artists of many countries have a dedicated graffiti areas, with walls, tunnels, houses. But, like any phenomenon, graffiti culture has time to «breathe» in the moment of its introduction, before the hunt by the authorities.

Modern graffiti culture was born in the 60’s in Philadelphia. Center of the movement in its period of freedom and prosperity became a new York (circa 1970). Initially, graffiti in new York «live» in the subway, and then began to take to the streets. Restrictive policies fell on graffiti in the United States in the 80s.

As they say in Berlin — one of the largest cultural centers of street art — the last straw, forcing the government to severe restrictions, was completely painted subway train, which was shaded even the Windows. Famous painting of the trains were graffiti artist «Lee» George quiñones, leaving their signature Lee.

The train line Lexington Avenue, new York, Whether painted in 1979. Source.

Crypto-art: what, where, why


This art appeared in the winter in Miami thanks to the artist Nan Berks. The girl painted the old house on wheels. In addition to bitcoin, it appeared the logo of litecoin and Dasha.

«Bitcoin bubble»

Judging by the signature at the bottom of the wall, the authorship belongs to the graffiti artist Shi Zheng. In addition to the major labels «Bitcoin», on the right side, among the red, white and blue circles are the words «Bitcoin Bubble», and the top is the inscription, divided into two parts: «the Money is not gone… they’re just in the other pocket» (eng. «the money is not gone… it’s just in another pocket»). Graffiti is in London, in the «graffiti tunnel» on the face of the Street.

Bitcoin litecoin graffiti

«Today, walking around Prague and came across this bitcoin painting» — wrote in his Twitter Tony Weiss, a bitcoin trader and investor, formerly Vice President of JPMorgan Chase. According to his label in google maps, graffiti is at the intersection Bubenska the waterfront and the streets of Communardo, on the Vltava river. Authorship is not established.

Shortly after the graffiti came to fame — just a few days — it evolved a bit. On top of the bitcoin coins are not as highly someone applied the words «Litecoin»:

«Bitcoin not wars»

This work belongs to graffiti artist under the pseudonym Gadse and sends, as you might guess, the phrase traditionally associated with peace-ideology Lennon, «Make love, not war» (those words do sound at the end of his song «Mind Games», but rather, first, the phrase said cultural critic Gershon Legman in the 60’s, during a lecture at the University of Ohio as an anti-war slogan during the us-Vietnam war).

Like many graffiti artists, Gadse leaves on his works, not the signature, and a full, readable alias that corresponds to the basic idea, from which was born the culture of graffiti to leave their name.

This work, like many other works Gadse, is located in Bushwick, Brooklyn, new York.

«Decentralize Everything» («Decentralisatie all»)

This street art also belongs to Gadse and is located in the same area. Conceptually, the call for decentralization (freedom from control) is behind barbed wire. Most likely, the location of graffiti is a direct reference to the «Manifesto of the crypto-anarchist,» written by shirobana Timothy may in 1988: «…cryptographic techniques will fundamentally change the nature of corporate and state intervention in economic transactions… And as seemingly insignificant invention of barbed wire made possible the delimitation of vast ranches and farms, forever changing ideas about land and the ownership of the Wild West, and seemingly insignificant discovery of the hidden branches of mathematics will become the clippers that will break the barbed wire with intellectual property. Get up, you have nothing to lose, except for the fences topped with barbed wire!».


«It Londynska and the California gold rush gave the roots of the American dream, [common] is mostly among the middle and lower class, the dream of quick and easy enrichment. The same thing is happening with cryptocurrencies on a global level for all classes… Everyone mines, everyone wants to get rich, and everyone wants it to be quick and easy. The technology is changing, but dream remains the same,» reads the job description. The author — Georgian street artist under the pseudonym Gagosh, graffiti is located in Tbilisi.

«If money can’t buy your love, maybe Bitcoin will do?» («If money can’t buy you love, maybe bitcoin will?»)

This graffiti on the outskirts of Vilnius, Lithuania, refers to the line from the Beatles song: «Money can’t buy me love». The artist is unknown.

«Keep your change, I want bitcoins»

The location of this graffiti, like its author, is unknown, but he has an interesting story, or even a pedigree. It is a reference to the earlier work with another text, can be seen as a dialogue with her:

Graffiti under the name «Begging for change» belongs to a street artist under the pseudonym Meek. It was established in 2004 and is situated at a railway station in Melbourne, Australia. After selecting a location the artist wanted to draw the attention of those who are in the daily bustle, on the way to the train, to work, from work passes by the homeless without noticing them. Graffiti was created in a period of economic decline when, according to the statistics given on the website of the National gallery of Australia, each 154 first, the Aussie was in need of social services. Because of its precision and relevance of graffiti has experienced a wave of popularity in the campaign for the protection of human rights: it was printed on t-shirts, some did a tattoo with this image.

The authorship of this work is often mistakenly attributed to Banksy. And one of the Reddit users (also calling this the work of Banksy) wondered, could the artist mean by «coins» (coins) bitcoins or other altcoins. The answer to this question is obvious, given that the graffiti appeared 5 years before the creation of bitcoin.

«Fuck the IRS» San Francisco, California

This graffiti is located in San Francisco, near 1AM and illustrates the complex relationships between users of cryptocurrencies with the IRS (IRS), which started to regulate the cryptocurrency in March 2014, and treats them as property, therefore, levying tax buying, selling, trading and mining cryptocurrencies. However, few crypto-users can be called honest taxpayers. And one of the high profile cases won by the IRS, was the partial results of the user data exchange Coinbase, which the controller has achieved after months of trial.

«R. I. P Banking System»

This graffiti on the streets of Paris belongs to the artist Ludo. The bitcoin flower blossomed on the graves of the pound, dollar, yen and Euro, very straight symbolizing the victory of bitcoin over traditional financial system, then look forward to crypto-enthusiasts.

As the element of mass culture, graffiti characteristic of the replication. A graffiti «pass» from the walls to the other «canvases», including paper (printed images, copies of which may be sold and exhibited in galleries), clothes, and even people (tattoos). And «R. I. P Banking System» — a vivid example of such replication. The image came to picture format (you can buy it signed by the author, is available for $426), and tattoo parlors, as well as printed on t-shirts (that cost only $23).

Cryptocurrency entered the work of graffiti artists in another interesting way, namely: some street artists depict in their pictures the QR code by which you can transfer the reward in bitcoins. For example, did in his «Rembrandt dos au mur» graffiti artist under the pseudonym Pascal Boyart (PBOY). This picture is in Paris.

Crypto enthusiasts have also drawn attention to the fact that this method of support street artists are anonymous, because they can use even those graffiti artists who, for various reasons do not reveal the authorship of his works.


Such a «crypto-graffiti» (colorful words «Bitcoin» in the upper right corner) appeared this summer in Berlin Lego store at Tauentzienstrasse, 20. Two large walls of young and not so artists can share their creations from lego pieces. The author of the material, frustrated that he had not found bitcoin graffiti in «graffiti city», decided to make a contribution to the «becconsall» Berlin street art.


New York’s Signature Bank launches payment on blockchain platform for institutional clients

New York-based Signature Bank, in partnership with the FINTECH company trueDigital Holdings LLC is launching a platform for digital payments in real time, which is based on the blockchain technology. The launch of the platform called Signet became possible after obtaining permission from the office of financial services of new York (NYDFS).

The new platform will be operational on 1 January 2019 and is focused primarily on large customers, who will be able with its help at any time of day, including weekends and holidays, to make direct secure transactions without commissions and intermediaries.

As they say on the website trueDigital Holdings, in addition to NYDFS, Signet has also been approved by the Federal Corporation on insurance of contributions of the USA (FDIC) for insurance of deposits on the platform. The minimum amount the user’s balance must be not less than $250 000.

«The ability to transfer funds anytime in between the approved and fully tested by commercial customers has great value, especially in light of the increasing speed and frequency of doing business», — reads the statement of the President and CEO of Signature Bank Joseph Depaolo.

We will remind, in November, the company Chainalysis said that over the period December 2017 to September of the current year volume of transactions payment bitcoin processing in the field of e-commerce has declined by about 80%.


The members of the Board of Directors of the Swiss Crypto Valley Association leave the organization

Four of the seven members of the Board of Directors of the Swiss independent organization Crypto Valley Association (CVA) plan to leave their positions. This writes Bitcoin.com.

Oliver Bussman, Vasiliy Suvorov, Rene Hassler and Nicholas Solinger refused to participate in the planned January election to the Board of Directors.

«After two wonderful years at CVA, we believe that it is better, if the next stage of development of the Association will be held under a new perspective», — reads the statement of the members of Directors.

Previously Council member Soren Fogh touched on the topic of «conflict of interest in the manual» calls for greater accountability and independent audit. The lawyer and former consultant of the Swiss national Bank Hans Kuhn, after studying the state of Affairs in CVA, noted that the current control type is not suitable for Association of this magnitude.

Recall that Crypto Valley Association was established in Zug in March 2017. The main activities of the organization — support and promotion of blockchain projects. At the moment, the CVA has more than 1200 members.


Experts: hackers have laundered up to 40% of stolen Coincheck NEM tokens

Hackers successfully washed for 40% of the approximately 530 million NEM tokens stolen from cryptocurrency exchange Coincheck in January, experts say cybersecurity.

Head of the consulting group L Plus Takayuki Sugiura (modified Sugiura Takayuki) said that the hackers had laundered approximately 200 million NEM on the open market. At the time of writing it is about $76 million most Likely this amount is less because of the money laundered in and through anonymous “dark web site”. Approx 7 February it was reported about the exchange of NEM on other cryptocurrencies.

Laundered tokens are converted to bitcoins which are stored on multiple wallets. Now hackers are prepared to trade them on stock exchanges outside of Japan for cash, the said party of the investigation, the newspaper Nikkei.

The Tokyo Metropolitan police Department said that the investigation deals with group of hundreds of professionals. They found suspicious activity on the stock exchange for several weeks preceding the theft of the token.

Participant of the investigation confirmed the opinion of the representatives of Coincheck, the break-in happened using a special virus. The hacking system made it possible to steal a private key, which is required to transfer the cryptocurrency. Several employees of the exchange received an email in early January, which was an internal message from one of colleagues. When it is opened the user’s computer was infected with the virus and could be controlled from outside.

Shortly thereafter, the system Coincheck start to turn to external servers in Europe and the United States without proper instructions. This suspicious activity lasted until 25 January, and after the change date on the 26th stopped, but from the system of exchange began to appear a large amount in the NEM.

As previously reported, Coincheck plans to continue the work after revising its security systems, statutory financial regulator. Exchange has resumed withdrawing Fiat money, and by the end of this week plans to start paying compensation to the victims of the hacking users.

Japanese authorities have tightened control over the cryptocurrency market after a large-scale hacking Coincheck. The exchange has formed a new self-regulatory body that will implement security standards and recovery of customer confidence in the industry.

Earlier, analysts of the BIG Blockchain Intelligence Group came to the conclusion that the part stolen from Coincheck tokens were laundered through a cryptocurrency exchange in Vancouver, Canada.


In the Opera browser 50 implemented protection against covert mining of cryptocurrencies

In Opera 50 a protection against covert mining of cryptocurrencies. To prevent this, users must download and install the new version of the browser, and then activate in the settings, ad blocker, or choose the option NoCoin to see ads, but to be protected from cryptogamia.

A list of NoCoin, which includes the scripts used for covert mining of cryptocurrencies, the assurances of developers of the browser will be constantly updated.

“We’re fans of cryptocurrencies, but against the fact that the sites used for mining the users ‘ computers without their consent. Releasing a new Opera 50, we want to start in 2018 with providing users an easy way to regain control over their computers,” — said in a press release, Director of development of the desktop Opera browser Kolondra Christian (Krystian Kolondra).

Recall that the launch of the beta version of the Opera browser 50 with built-in protection from the crypto currency miners company Opera Software said at the end of December. The emergence of new possibilities of protection from cryptogamica appeared on the news about the growth of its popularity. Recently, it was suspected popular streaming services Оpenload, Streamango, Rapidvideo, and OnlineVideoConverter. In addition, previously it was revealed a Google Chrome extension for the reduction of links that is hidden maynila cryptocurrency, and in November, the Dutch information security researcher Willem de Groot found that mining through the browsers of unsuspecting users engaged in nearly 2,500 online stores.


Ministry of economy of Spain: the EU will not wait for global agreement on cryptocurrency

The Minister of economy, industry and competitiveness of Spain Roman Escolano Olivares (Román Escolano Olivares) believes that the European Union will not wait for a harmonized at the global level for the regulation of cryptocurrencies.

On the sidelines of the G20 summit, the Spanish Minister said that he sees the cryptocurrency a threat to the world financial system. However, he identified two fundamental problems related to cryptocurrency assets — use them in illegal activities and protect the rights of consumers.

“There is General agreement that now we cannot assume that the cryptocurrency asset represent a risk to global financial stability, but it is a subject that we need to be actively involved,” said Olivares.

The Minister noted that it is important to decide which can play a role of cryptocurrencies in illegal financial transactions and terrorism financing. According to him, it is very important to establish clear rules that prevent “the development of such activities”.

“Thus, the FATF, which is an international body governing this activity has a very clear position, in which it is necessary to monitor and propose legislation in the world to prevent such actions,” he added.

The Spanish Minister stressed that the European Union will not wait for global agreement on currencies. He noticed that the new digital economy must play its role in “financing public goods, the social security system and collective needs.”

“The European Commission will propose a Directive on how this new economy can participate in the financing of state budgets. Spain aligns itself with the statements of other European colleagues, and we want to move forward without having to wait for a global agreement. There are huge problems of distribution of income and new the digital economy could significantly help countries in the fight against this problem”, — concluded the Minister.

At the summit of the financial leaders of the G20, it was decided to postpone the issue of regulation of cryptocurrency to the next meeting in July. It is expected that International standards bodies will be developed specific recommendations.


Hardwork Monero will be held before the scheduled date

Hardrock Monero will be held on September 21, as originally planned, but earlier. The reason for this decision was the increase Hasrat network.

At the meeting, which was held last week, the project developers considered the possibility of changing the number of blocks to prevent premature hard forks. But in the end the decision was made to move it to an earlier date.

Upcoming hardwork makes it mandatory to use the network of the so-called «ring of confidential» transaction (RingCTs). The majority of the users of Monero already use this technology.

RingCTs, first introduced on 10 January 2017, are update ring signatures and provide a higher privacy level transactions. When using payment information can view only participants of the transaction. Technology RingCTs created on the basis of existing functions of the privacy Monero, such as hidden accounts and transactions.

Currently Monero occupies the eighth position in the ranking of the 100 largest cryptocurrency according to Coinmarketcap version. As of 10:04 (Kyiv/Moscow) XMR market cap of $1.57 billion, and the price – $104,11 per coin.


CEO Binance reacted to the situation with scams in LinkedIn

Cryptomathic came up with a new scheme of deception for the social network LinkedIn. They are registered under the guise of employees of kryptomere responsible for the listing, and allegedly offer to place a token for money. The situation took on a menacing scale for exchange Binance: according to its head Canina Zhao, LinkedIn has over 500 employees in the fields, while in fact, LinkedIn was not more than 10 people.

If earlier cryptocurrency scammers actively used Twitter, where on behalf of well-known personalities gathered cryptocurrency users, and now they switched to a social network for professionals, LinkedIn, is extremely popular in the blockchain community.

In the new scheme, the attacker creates a fake profile of an employee of the popular crypto currency exchange, and then begin to go through the blockchain startups with offer to be listed for a fee.

For Binance, the situation has become so widespread that it is said in Twitter he Chanpen CEO Zhao. He said that LinkedIn was more than 500 employees of the trading platform, although in reality in this social network, according to its founder, there are not more than 10 workers of the site.

Most scammers are submitted by the staff of the listing division of Binance. They appeal to developers and members of the blockchain projects with a proposal to facilitate placement of a token in exchange for a fee. Meanwhile, in reality Binance never independently drawn with such requests, and no member of this Department is not registered in LinkedIn.

Zhao also added that all the email addresses Binance workers are digitally signed with PGP.

Additionally, in early November, the fraudsters managed to collect Twitter 6 bitcoins on behalf of Elon musk.