Key Facts Of The Day 16.11.2018
MorozkiArt
Main page Digest, Bitcoin Cash, SEC, Regulations, Stablecoins, Hard Fork
Hot topic
Nov. 16, 2018
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First Results of Hard Fork — Self-proclaimed Nakamoto to Get White Flag?

On No­vem­ber 15 the hard fork took place in the Bit­coin Cash net­work ac­com­pa­nied by large-scale dis­putes and ‘hash war’. Two de­vel­op­ment teams that pro­moted in­com­pat­i­ble Bit­coin ABC and Bit­coin SV clients suc­cess­fully launched their new cryp­tocur­ren­cies.

Trad­ing plat­forms have al­ready ceased to sup­port BCH, now users can only work with coins that ap­peared as a re­sult of the up­date. Prob­a­bly, now the speed of re­cov­ery of the fallen cryp­tocur­rency mar­ket will de­pend on the vic­tory of ABC or SV (whichever chain of blocks is longer). So far, all the ad­van­tages have been on the side of Bit­coin ABC. At the mo­ment, ABC has man­aged to cre­ate a longer chain after the fork of Bit­coin Cash and sig­nif­i­cantly in­crease the hashrate of its net­work.

Circle’s USDC Stablecoin Comes to Binance, Alternative to Tether?

Binance crypto exchange will add a stablecoin developed by the Circle blockchain startup to its listing. USDC will be available for the exchange from November 17 in pairs with Bitcoin (Bitcoin) and Binance Coin (BNB).

What can be even better for users who are constantly questioning the work of the other 1:1 fiat backed stablecoins, is the promise of Binance to audit the newly listed coin every month?

SEC Checks Salt Crypto Platform for Possible Participation of Erik Voorhees

The U.S. Se­cu­ri­ties and Ex­change Com­mis­sion (SEC) has ini­ti­ated an audit of the crypto-credit plat­form Salt Lend­ing Hold­ings Inc., be­cause of the $50 mil­lion at­tracted by it through the ICO in 2017, as re­ported by the WSJ. In par­tic­u­lar, the reg­u­la­tor is in­ter­ested in the con­nec­tion of the plat­form with the head of the crypto ex­change ShapeShift Erik Voorhees. Salt was founded in 2016 and al­lows users to re­ceive loans in fiat, col­lect­ing col­lat­eral in cryp­tocur­rency. Sources fa­mil­iar with the sit­u­a­tion re­port that the plat­form re­ceived reg­u­la­tor’s agenda back in Feb­ru­ary.

What Else:

Central Banks of Canada, Singapore and UK Propose to Launch CBDC for International Payments

The re­serve banks of Canada, Sin­ga­pore and the UK be­lieve that the cen­tral bank dig­i­tal cur­ren­cies (CBDC) will help in over­com­ing prob­lems in mak­ing in­ter­na­tional pay­ments.

Poland Sets 19% Tax on Cryptocurrency Income

The gov­ern­ment of Poland an­nounced re­cently sub­mit­ted amended in­come tax reg­u­la­tions re­lated to cryp­tocur­rency trad­ing

Japan to Implement Crypto Wallets Regulation

Fi­nan­cial reg­u­la­tor of Japan, the Fi­nan­cial Ser­vices Agency (FSA), in­tro­duced a plan on how to reg­u­late cryp­tocur­rency wal­let ser­vices. The plan con­sists of a num­ber of reg­u­la­tory mea­sures and prospects about their im­ple­men­ta­tion

Giant Forex Trader to Launch Crypto Exchange

Cal­i­for­nia-based forex dis­tri­b­u­tion plat­form and lead­ing provider of on­line trad­ing ser­vices, In­te­gral De­vel­op­ment Corp. (IDC), an­nounced the part­ner­ship with cryp­tocur­rency trad­ing plat­form Mint Ex­change

Bitfinex Changes its Offshore Services Provider

Fa­mous cryp­tocur­rency ex­change that pro­vides its users with an op­por­tu­nity to trade a lot of dif­fer­ent dig­i­tal as­sets and to­kens, Bitfinex has hired a new off­shore cor­po­rate ser­vices provider

At 18:30 (GMT) total cryptocurrency market capitalization stands at $183.7 billion

  • Bitcoin (BTC/USD) $5586 (-0.08%)
  • XRP (XRP/USD) $0.46 (+0.24%)
  • Ethereum (ETH/USD) $176 (-1.12%)
  • Bitcoin Cash (BCH/USD) $408 (-2.03%)
  • Stellar (XLM/USD) $0.23 (+2.80%)

Factom (+25.18%) showed the best growth in the top-100

Market Dynamics

The trading volume of cryptocurrencies for 24 hours reached $15.8 (-6.4 billion per day)

Mining Profitability

  • BTC $1.95 for 10 TH/s ↘️
  • ETH $0.15 for 10 MH/s ⏸
  • BCH $0.25 for 1 TH/s ↗️
  • LTC $2.72 for 1 GH/s ⏸
  • DASH $0.04 for 1 GH/s ⏸

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