Key Facts of the Day 7.06.2018

Putin: No Cryptocurrency for Russia

Russia’s President Vladimir Putin answered questions about the crypto world during the annual call-in television show. The President said that “Russia could not have its own cryptocurrency by definition, similarly to any other country. Since it would mean going beyond the national boundaries.” The President also believes that it is almost impossible to regulate cryptocurrency mining, both for Russia or anywhere else in the world. “We have to look at this with utmost intricacy, carefully analyze and look out for how we can use this, to among other things, avoid curbing the financial sector.”

Coinbase for Broker

Coinbase, the leading American cryptocurrency exchange is preparing to become a full-fledged securities broker in accordance with the standards of the US Securities and Exchange Commission. This became possible thanks to the recent acquisition of the brokerage companies such as Keystone Capital Corp., Venovate Marketplace, Inc., and Digital Wealth LLC. The stock exchange is preparing to expand the range of tradable assets, and in the long term start working with traditional financial instruments. Coinbase is looking to “work with regulator to tokenize existing types of securities,” and “democratize access to capital markets” for companies and investors in the industry.

TRON Shifts Up to Forex

A blockchain-based platform TRON enters Forex market via partnership with a crypto exchange launch platform SHIFT Markets. The cooperation with SHIFT, will help TRX increase liquidity not only in the cryptocurrency market, but also in traditional Forex markets that deal with world fiat currencies. Cryptocurrency will be available for purchase, in total, from nine brokers in as many different countries. The regulated UK exchange will be the first to carry out TRX trading in the upcoming weeks, with the JM Financial Exchange located in India to follow soon.

Banking on Circle

Circle, a global crypto finance company, is seeking to become a fully licensed bank. The company is hoping to receive a federal banking license in order to expand its services while at the same time registering itself with the U.S. Security and Exchange Commission (SEC) as a brokerage and trading venue.

Becoming a licensed bank would mean that customers assets could be held as cryptocurrencies or as traditional, tangible currencies. The company would be connected to some parts of the financial system which are not accessible by regular cryptocurrency exchanges.

Huobi’s Blockchain 30 Million HT Worth

Huobi, currently the third largest crypto exchange in the world, plans to allocate 30 million HT tokens for the creation of its own open source blockchain protocol. The money from the fund, currently estimated at $ 165 million, will be used to develop the Huobi Chain Project (HCP) and build a decentralized autonomous organization (DAO) on its basis. Huobi Chain will provide a framework of autonomous commerce: different assets and credentials can be developed, relocated, and confirmed on the open chain as tokens.

Blockchain is a Success for SARB

The South African Reserve Bank has published a report sharing the trial results of the DLT wholesale payment system. The project dubbed Khokha, was focused on copying interbank settlement transactions to the Ethereum-based blockchain.

The official statement says that the Khokha project was created with the support of the ConsenSys development team. The main task of the Brooklyn programmers was to ensure the replication of the wholesale payment process using the Quorum platform, which is the brainchild of J.P. Morgan and EthLab startup.

However, the management of the country's chief regulator made it clear that it is not going to take radical measures and introduce DLT technology into the national financial infrastructure. The Khokha project is more experimental in nature and does not mean the beginning of asset tokenization.

At 13.30 (GMT+1) total cryptocurrency market capitalization stands at $347,4 billion

Bitcoin (EXANTE: Bitcoin) $7 709,33 (+1,02%)

Ethereum (ETH/USD) $610,24 (+0,38%)

Ripple (XRP/USD) $0,6837 (+1,45%)

Bitcoin Cash (EXANTE: Bitcoin.Cash) $1 151,04 (+0,50%)

EOS (EOS/USD) $13,85 (-1,75%)

Stellar (+2,99%) showed the best growth in the top-10

Aeternity (+12,27%) showed the best growth in the top-100

Market Dynamics

The trading volume of cryptocurrencies for 24 hours reached to $ 15,5 billion (+0,3 billion per day)

Mining Profitability

Bitcoin: $ 0,38 for TH/s

Ethereum: $ 0,04 for MH/s

BitcoinCash: $ 0,41 for TH/s

Litecoin: $ 5,98 for GH/s

Dash: $ 0,16 for GH/s

Ongoing ICO:

Expected ICOs:

Click here for the full list of ongoing ICOs.

By Nadya Astam