Key Facts Of The Day 23.05.2018
Main page Digest

Circle Invest App will automatically distribute investment

Circle startup launched the full version of the investment application Circle Invest, adding the unique "magic button" - "Buy the market". It will launch an automatic diversification of the user's investment portfolio. “With ‘Buy the Market’, you simply decide how much you want to invest and we distribute it across all of the coins in Circle Invest [...] Invest will automatically and seamlessly distribute your investment according to each asset’s market cap (the total value of all the coins in circulation),” - said senior product manager Rachel Mayer.

China is considering a case of organizing a cryptocurrency “pyramid-scheme” and stealing $ 2 billion

The prosecutor's office of the Xi’an Province charged four more people in connection with the OneCoin case. There are 98 suspects in the trial which started in September 2017. They are accused of deceiving almost 2 million investors from 20 different Chinese provinces. According to the prosecutor, the scheme of swindlers totals 140 levels and consists of 7 main pyramids in China. The total amount of stolen funds is 15 billion yuan (about 2 billion dollars). About 266 million dollars were returned.

The UK Fintech 35 under 35

Business Insider has covered UK fintech since their 2014 launch, compiled a rating and highlighted the most promising young entrepreneurs, engineers, marketers and sector experts under the age of 35. “It spans both startups and big banks operating in the sector,” – the website said.

India may replace the restriction on cryptocurrency trading on a tax

The authorities of India are working on a proposal that will allow authorities to impose Goods and Services Tax on cryptocurrency transactions, despite the legal uncertainty of this kind of activity in the country. India intends to impose an 18% fee on cryptocurrencies trading after several months of spreading negative information about this class of digital assets. Сryptocurrencies could be classified as “intangible goods.”

The bitcoin task was included in the school math exam in the Netherlands

In the Netherlands, the final school math test (OVW) included assignments related to cryptocurrencies and blockchain. According to the approximate translation of the examination paper presented on Reddit, thestudents received the following task:

Boston Stock Exchange and tZero will create the world's first regulated exchange of security-tokens.

BOX Digital Markets, the operator of the Boston Stock Exchange, announced an agreement with the tZero, a subsidiary of online retailer Overstock. It will launch the world's first regulated tokens exchange and the platform has not yet received a name, but it will help startups to list their tokens without violating the requirements of the securities laws. In addition, it will allow companies whose shares are already represented on traditional exchanges, tokenize theirsecurities, and release them on the blockchain.

Total cryptocurrency market capitalization stands at $335 775 547 393

  • Bitcoin (Bitcoin) is down 7,3% to $7649,76
  • Ethereum (ETH/USD) is down 13,39% to $590,14
  • Ripple (XRP/USD) is down 10,63% to $0,6
  • Bitcoin Cash (Bitcoin.Cash) is down 14,54% to $1009,34
  • EOS (EOS/USD) is down 15,39% to $11

Market Dynamics

The trading volume of cryptocurrencies for 24 hours reached to $18.5 billion (+3.1 billion per day).

Mining Profitability

  • Bitcoin: $ 0.46 per day for 1 terahash / sec
  • Ethereum: $ 0.06 per day for 1 megahash / sec
  • Bitcoin Cash: $ 0.41 per day for 1 terahash / sec
  • Litecoin: $ 6.5 per day for 1 gigahash / sec
  • Dash: $ 0.19 per day for 1 gigahash / sec

By Ekaterina Ulyanova

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