Bitcoin is behaving like gold: what does this mean for investors?
Against the backdrop of the conflict between the US and Russia caused by a joint missile strike by the United States, Britain and France on Syrian positions, investors are buying up gold on the Chicago toar exchange. Gold traditionally grows in price in times of international conflicts, since it helps to reduce risks due to possible the possible weakness of major currencies.
Now gold seems to have a new competitor: it's cryptocurrencies, and first of all bitcoin. The cryptocurrency market against the backdrop of US military operations behaved in much the same way as the gold market. Bitcoin has a lot in common with gold: limited supply, large extraction costs, high value. True, bitcoin has more competitors in the cryptocurrency market than gold in the metals market, and its ate depends on many factors, including regulatory measures in different countries.
Nevertheless,cryptocurrencies have firmly entered the "big league": their price depends on the political situation. And a new escalation of the conflict in Syria or other points of global tension will lead to a new jump in the bitcoin rate.
Against the backdrop of the conflict between the US and Russia caused by a joint missile strike by the United States, Britain and France on Syrian positions, investors are buying up gold on the Chicago toar exchange. Gold traditionally grows in price in times of international conflicts, since it helps to reduce risks due to possible the possible weakness of major currencies.
Now gold seems to have a new competitor: it's cryptocurrencies, and first of all bitcoin. The cryptocurrency market against the backdrop of US military operations behaved in much the same way as the gold market. Bitcoin has a lot in common with gold: limited supply, large extraction costs, high value. True, bitcoin has more competitors in the cryptocurrency market than gold in the metals market, and its ate depends on many factors, including regulatory measures in different countries.
Nevertheless,cryptocurrencies have firmly entered the "big league": their price depends on the political situation. And a new escalation of the conflict in Syria or other points of global tension will lead to a new jump in the bitcoin rate.
📅 ICO for the upcoming week 🚀
21 May
🔺AXenS - The most forward thinking B2B platform for Distributed Supply Chain Finance (DSCF) and Distributed Trade Services (DTS).
🔺Ubex - Global decentralized advertising exchange.
🔺Verasity - Next-generation video sharing platform designed to liberate creators and benefit viewers.
22 May
🔺SONDER - High-secure payment algorithm for e-commerce.
🔺BGX - Decentralized financial platform for the mobile games industry powered by artificial intelligence.
🔺Win Wealth - Decentralized Global Wireless Exchange for Traveller'UX.
23 May
🔺HybridBlock - The all-in-one cryptocurrency trading ecosystem.
🔺TrustedCars Flex - Changing Car Ownership forever by turning dealerships into mobility providers.
24 May
🔺Blue Whale - The Decentralized Ecosystem for Self-employed.
🔺TV-TWO - The Decentralized Television Ecosystem.
25 May
🔺SelfPay - Bridging the gap between traditional payments and cryptocurrency.
🔺Cryptfunder - Decentralized funding source for startup ICOs and blockchain companies.
26 May
🔺Egretia - The World's First HTML5 Blockchain Engine and Platform.
🔺Atomic Network - Revolutionizing streaming TV for techies, trekkies, geeks and gamers.
🔺The Acorn Collective - Blockchain based crowdfunding platform.
27 May
🔺Cryptectum (pre-ICO) - Real Estate investment on blockchain basis.
🔺IAGON (pre-ICO) - Global Supercomputer, powered by Artificial Intelligence and Blockchain Technology.
21 May
🔺AXenS - The most forward thinking B2B platform for Distributed Supply Chain Finance (DSCF) and Distributed Trade Services (DTS).
🔺Ubex - Global decentralized advertising exchange.
🔺Verasity - Next-generation video sharing platform designed to liberate creators and benefit viewers.
22 May
🔺SONDER - High-secure payment algorithm for e-commerce.
🔺BGX - Decentralized financial platform for the mobile games industry powered by artificial intelligence.
🔺Win Wealth - Decentralized Global Wireless Exchange for Traveller'UX.
23 May
🔺HybridBlock - The all-in-one cryptocurrency trading ecosystem.
🔺TrustedCars Flex - Changing Car Ownership forever by turning dealerships into mobility providers.
24 May
🔺Blue Whale - The Decentralized Ecosystem for Self-employed.
🔺TV-TWO - The Decentralized Television Ecosystem.
25 May
🔺SelfPay - Bridging the gap between traditional payments and cryptocurrency.
🔺Cryptfunder - Decentralized funding source for startup ICOs and blockchain companies.
26 May
🔺Egretia - The World's First HTML5 Blockchain Engine and Platform.
🔺Atomic Network - Revolutionizing streaming TV for techies, trekkies, geeks and gamers.
🔺The Acorn Collective - Blockchain based crowdfunding platform.
27 May
🔺Cryptectum (pre-ICO) - Real Estate investment on blockchain basis.
🔺IAGON (pre-ICO) - Global Supercomputer, powered by Artificial Intelligence and Blockchain Technology.
Switzerland confirmed the status of the European "capital of Blockchain"
Switzerland topped the European rating of countries comfortable for conducting blockchain start-ups. The authors of the rating - the expert council of the BlockShow Europe forum - assessed the regulatory framework for ICO, the taxation of digital assets and the use of cryptocurrency for payments. An additional advantage was the availability of self-regulating organizations of the crypto-industry.
The community considered the results of the rating to be predictable: in Switzerland, in 2017, 4 out of 10 of the world's largest ICOs were conducted. Gibraltar, which was at the second place, is associated with the desire to draw the attention of the crypto-industry to this jurisdiction, where the world's first legislation for the legalization of ICO was developed.
Full European TOP-10 list:
1. Switzerland
2. Gibraltar
3. Malta
4. Great Britain
5. Denmark
6. Germany
7. Portugal
8. The Netherlands
9. Finland
10. Belarus
Switzerland topped the European rating of countries comfortable for conducting blockchain start-ups. The authors of the rating - the expert council of the BlockShow Europe forum - assessed the regulatory framework for ICO, the taxation of digital assets and the use of cryptocurrency for payments. An additional advantage was the availability of self-regulating organizations of the crypto-industry.
The community considered the results of the rating to be predictable: in Switzerland, in 2017, 4 out of 10 of the world's largest ICOs were conducted. Gibraltar, which was at the second place, is associated with the desire to draw the attention of the crypto-industry to this jurisdiction, where the world's first legislation for the legalization of ICO was developed.
Full European TOP-10 list:
1. Switzerland
2. Gibraltar
3. Malta
4. Great Britain
5. Denmark
6. Germany
7. Portugal
8. The Netherlands
9. Finland
10. Belarus
Equipment for mining will become cheaper after Bitmain's departure
Before the head and co-owner of Bitmain Cihan Wu announced that the company is considering the withdrawal from the market of equipment for mining, as in its place immediately showed up two applicants.
Chinese Canaan Creative (Avalon Miners) and Zhejiang Ebang (Ebit Miners) have applied to the Hong Kong Stock Exchanger for approving applications for giant ICO's worth of one billion dollars each for increasing the production capacity of ASIC chips.
Experts estimate the increase in the equipment market for mining at $ 1.2 billion per year, therefore, the new double offer will be redundant, which will inevitably lead to lower prices.
Bitmain, which removed the main cream from the market of ASIC-miners, moves to the segment of equipment for Artificial Intelligence. According to the founder of the company, Jihan Wu, this is logical for the manufacturer of high-speed chips. Bitmain's competitors in this segment will again be Nvidia and AMD, which have already lost to the Chinese in the battle for the miners.
Before the head and co-owner of Bitmain Cihan Wu announced that the company is considering the withdrawal from the market of equipment for mining, as in its place immediately showed up two applicants.
Chinese Canaan Creative (Avalon Miners) and Zhejiang Ebang (Ebit Miners) have applied to the Hong Kong Stock Exchanger for approving applications for giant ICO's worth of one billion dollars each for increasing the production capacity of ASIC chips.
Experts estimate the increase in the equipment market for mining at $ 1.2 billion per year, therefore, the new double offer will be redundant, which will inevitably lead to lower prices.
Bitmain, which removed the main cream from the market of ASIC-miners, moves to the segment of equipment for Artificial Intelligence. According to the founder of the company, Jihan Wu, this is logical for the manufacturer of high-speed chips. Bitmain's competitors in this segment will again be Nvidia and AMD, which have already lost to the Chinese in the battle for the miners.
Chinese government called Ethereum the most promising cryptocurrency
The CCID Institute at the Ministry of Industry of China kept its word and on Thursday published the first national reliability rating of cryptocurrencies, where Ethereum is on the 1st place, Bitcoin - on the 13th, the Top-10 includes the "damned" in Japan Monero, and growing on the support Gemini ZCash is in the third ten.
The whole rating looks like this:
1-5: ETH, STEEM, LSK, NEO, KMD
6-10: XLM, ADA, IOTA, XMR, STRAT
11-15: QTUM, BTS, BTC, XVG, WAVES
16-20: ETC, XRP, DASH, SC, BCN
21-25: LTC, ARK, ZEC, NANO, BCH
26-28: DCR, HSR, XEM
Publication of the rating has not affected on the exchanger rates. However, the discussion around it is just only growing.
The CCID Institute at the Ministry of Industry of China kept its word and on Thursday published the first national reliability rating of cryptocurrencies, where Ethereum is on the 1st place, Bitcoin - on the 13th, the Top-10 includes the "damned" in Japan Monero, and growing on the support Gemini ZCash is in the third ten.
The whole rating looks like this:
1-5: ETH, STEEM, LSK, NEO, KMD
6-10: XLM, ADA, IOTA, XMR, STRAT
11-15: QTUM, BTS, BTC, XVG, WAVES
16-20: ETC, XRP, DASH, SC, BCN
21-25: LTC, ARK, ZEC, NANO, BCH
26-28: DCR, HSR, XEM
Publication of the rating has not affected on the exchanger rates. However, the discussion around it is just only growing.
Opera is switching into a crypto-friendly browser
Today, Opera browser for Android has launched closed beta testing of the built-in cryptocurrency wallet. According to the director of the direction of Opera Crypto, Charles Hamel, the wallet is integrated with Android security systems and does not require additional PIN-codes and passwords for transactions. This makes crypto payment simple, like sending electronic payments through a smartphone. While the wallet supports only Ethereum, ERC20-tokens and collectible items in ERC271 format, over time the list of cryptocurrency will be expanded.
This is the third major innovation of Opera in support of cryptocurrency industry. Earlier the company added large cryptocurrencies to the converter and installed advanced protection from hidden mining in the desktop version of the browser. After this initiative, the Chinese mining giant Bitmain invested $ 50 million in Opera shares. Since 2016, Opera belongs to the Chinese investment fund Golden Brick Capital Private Equity Fund.
Today, Opera browser for Android has launched closed beta testing of the built-in cryptocurrency wallet. According to the director of the direction of Opera Crypto, Charles Hamel, the wallet is integrated with Android security systems and does not require additional PIN-codes and passwords for transactions. This makes crypto payment simple, like sending electronic payments through a smartphone. While the wallet supports only Ethereum, ERC20-tokens and collectible items in ERC271 format, over time the list of cryptocurrency will be expanded.
This is the third major innovation of Opera in support of cryptocurrency industry. Earlier the company added large cryptocurrencies to the converter and installed advanced protection from hidden mining in the desktop version of the browser. After this initiative, the Chinese mining giant Bitmain invested $ 50 million in Opera shares. Since 2016, Opera belongs to the Chinese investment fund Golden Brick Capital Private Equity Fund.
Coinbase wants to add 5 more coins, but not Ripple
The American exchanger Coinbase has announced on Twitter account its intention to add to the list 5 new cryptocurrencies: Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX). Obviously, coins are added to the market of Japan, where they are popular, since they will not be available for trading in the American jurisdiction until the SEC authorizes them.
A month earlier, on June 11, Coinbase was made a similar announcement of intent with respect to Ethereum Classic, prompting a rapid growth of the asset. According to the management of Coinbase, the publication of announcements makes the process of adding new coins to the exchanger more transparent and understandable for the regulator and bidders.
The Ripple currency (XRP) is not mentioned again in the announcements of Coinbase, despite the insistence of Ripple's head of Brad Garlinghouse. At the end of last year, Garlinghouse offered Coinbase for listing a fee in the form of a loan of $ 100 million in digital currency. At the CB Insights Future of Fintech June 19-21 in New York, said that Coinbase "should add to its listing XRP." The exchanger remains adamant, as the SEC has not yet expressed its opinion on the status of Ripple.
The American exchanger Coinbase has announced on Twitter account its intention to add to the list 5 new cryptocurrencies: Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX). Obviously, coins are added to the market of Japan, where they are popular, since they will not be available for trading in the American jurisdiction until the SEC authorizes them.
A month earlier, on June 11, Coinbase was made a similar announcement of intent with respect to Ethereum Classic, prompting a rapid growth of the asset. According to the management of Coinbase, the publication of announcements makes the process of adding new coins to the exchanger more transparent and understandable for the regulator and bidders.
The Ripple currency (XRP) is not mentioned again in the announcements of Coinbase, despite the insistence of Ripple's head of Brad Garlinghouse. At the end of last year, Garlinghouse offered Coinbase for listing a fee in the form of a loan of $ 100 million in digital currency. At the CB Insights Future of Fintech June 19-21 in New York, said that Coinbase "should add to its listing XRP." The exchanger remains adamant, as the SEC has not yet expressed its opinion on the status of Ripple.