Key Facts Of The Day 16.11.2018

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: 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

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