Key Facts Of The Day 05.10.2018

IMF in an Off Mood: Evolving Crypto Threatens Finance

The head of the International Monetary Fund (IMF), Christine Lagarde, believes that the world community is facing another financial crisis. She expressed this opinion in a report prepared for the annual meeting of representatives of IMF member countries. This year it will be held from October 12-14 on the Indonesian island of Bali. According to Christine Lagarde, the world is on the verge of another financial crisis and cryptocurrencies can exacerbate this economic catastrophe, as it is stated in the recent report.

The recent Global Stability report published by IMF has concluded: “Despite its potential benefits, our knowledge of its potential risks and how they might play out is still developing. Increased cybersecurity risks pose challenges for financial institutions, financial infrastructure, and supervisors.” IMF has also urged the authorities to take a position of combat readiness regarding the new technologies appearing in the financial market.

Circle Collects Crypto to Ease Investments

American fintech company Circle Internet Financial Ltd. has presented the users of Circle Invest application for Android and iOS devices, an opportunity to make contributions to cryptocurrency actives, divided into three collections: “Privacy”, “Platforms” and “Payments”. Last month, Circle customers could invest in another collection dubbed “Buy the Market”. That feature from the company allows purchasing all the cryptocurrencies that the application supports, in one click. Yesterday, the company has added more thematic collections. The three new collections, as mentioned above, contain cryptocurrencies sorted according to their purpose: platforms, payments, and privacy.

WSJ Journo Creates Token to Showcase Process, Backtracks

Many journalists who write about crypto have been criticized by the industry for not “hodling” and not understanding the work processes themselves. Some of the important speakers tend to refuse to give comments to such interviewers. However, the people behind technological developments make no effort to speak a simpler language so the stage of mass adoption would come faster. That might be the same reason why there is still a lack of understating among authorities on how to regulate the fast-growing industry. The Wall Street Journal, one of the giants in the business news sphere decided to change the rules and to create their own coin. Read how this experiment went.

What Else:

At 18:10 (GMT+1) total cryptocurrency market capitalization stands at $218,3 billion

Stellar (+0,18%) showed the best growth in the top-10

Holo (+18,91%) showed the best growth in the top-100

Market Dynamics

The trading volume of cryptocurrencies for 24 hours reached $12 (-0,41 billion per day)

Mining Profitability

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