📰 19/7/2018 Bitcoin's bull run has slowed down, Russia to introduce taxes for cryptocurrency industry, 4 biggest auditing firms are testing new blockchain system; news by ICO Telegraph
🕑 6 min read
What did we collect for you today:
- Daily market review;
- 'Big Four' Auditors will use blockchain;
- Russia to introduce new tax policy for cryptocurrency industry;
- Exchanges/listing/ICO news: new tokens, announcements;
- And more related information.
📌 Bitcoin's bull run has slowed down
After a rapid rise, Bitcoin's price began to fall. According to different opinions, the correction will not take much time
After BTC’s trading as high as $7,605 against the USD, the cryptocurrency market has slowed. When market lost in the price, Bitcoin Cash and Ethereum fell by 5%. Most experts now believe that the new correction is fairly obvious and does not take much time - during the local sentiment of the market. However, and this does not give us any reason not to believe in the future prospects of Bitcoin, and other currencies.
Major Support Level – $7,140 [$7,200 and $7,120 support levels]
Major Resistance Level – $7,580
At the present moment, the price of Bitcoin is $7 392. According to the positive scenario, now there can be accumulated charge for testing the point of $8 000. Overcoming of the psychological barrier can seriously "shake" investors at the time of a rise in BTC's price.
Did you know? Recently, Master Card announced that they have a patent for a new development in blockchain. Analyst Tom Lee believes that the combination of a traditional payment system and a blockchain-based solution can change the industry in the near future.
Tags: #market #Bitcoin #price #analysis #opinion
Who can be interested: all crypto-community
📌 'Big Four' Auditors will use blockchain
This is the first time when the Big Four of Auditors will use blockchain for financial reporting (source)
Is it true that audit and blockchain are compatible? Definitely. At least, the four largest audit firms in the world, including Deloitte, EY, KPMG and PwC considered to integrate this technology in a new "on test" process. They all joined a group of 20 banks in Taiwan to test the audit service for public companies.
The procedure for external confirmation (the process of obtaining and evaluating audit information) will be extended to a group of selected Taiwanese companies. The results of the financial check are likely to be the basis for further work in this direction. Today, audit with the 3nd-party takes a long time. After the introduction of this technology, it is planned to reduce the time costs for audit validation from half a month to one day.
After the completion of testing, blockchain-based audit validation will be used by up to 1,400 public companies.
Tags: #blockchain #audit #business #financial #technologies
Who can be interested: market/technology researchers
📌 Russia creates tax regulation for cryptocurrency
Everyone will pay: including miners and investors. It is proposed not to create a separate tax for the industry (source)
Discussions on how to regulate cryptocurrencies in Russia, lasts for so long. At some point, the crypto-currencies were regarded as a potentially dangerous economic area, then, the country's top officials expressed their opinion on the high potential of blockchain technology, and Bitcoin.
Now the country has such a situation, according to which there are no laws defining ICO, crypto-currencies or other notions of industry on the legal level. Some of the processes can be regulated as entrepreneurial or banking activities. However, the inclusion of a mining/operating/business tax can pass quickly enough. However, certain tax regimes for cryptocurrency (only) will not be introduced. The final decision will be announced this autumn.
Know more - The Chinese Internet giant (search engine) Baidu launched a token to work with the blockchain system, which role is to make the copyright protection system for images. And more, Vietnam is going to suspend the import of mining devices.
Tags: #Russia #tax #regulation #world #cryptocurrency #mining
Who can be interested: regional community
📌 ICO Calendar
Upcoming/ending ICOs in near future
📕 END
- AISI [Cryptocurrency], CriptoHub [Exchange], High Purity Quartz [Manufacturing], Luckchemy [Gambling], Tixguru [Cryptocurrency], Virtuse Exchange, WinStars [Gambling] ICOs will end on July 20, 2018.
📗 START
- Bitdrive [Tourism], Pool of Stake [PoS solutions], Scientificcoin [Technology & Science], Sunx [Finance/Banking], WM PROFESSIONAL [Media] ICOs will start on July 20, 2018.
↪️ Others are now verified as TBD
We do not guarantee the trust level of ICOs, but we’ll tell you about the projects that have reached the stage of sale.
💰Market Cap: $286 338 039 684
💵24h Vol: $18 201 285 792
📊 Prices TOP 19.07.2018
↗️↘️Bitcoin: $7 405,73
↗️↘️ETH: $466,11
↗️↘️XRP: $0,476485
↗️↘️BCH: $817,65
↗️↘️EOS: $8,31
↗️↘️XLM: $0,288336
↗️↘️LTC: $86,53
↗️↘️ADA: $0,179169
↗️↘️IOTA: $1,04
↗️↘️USDT: $1,00
♻️ Exchanges
📌 Binance is growing richer
Binance reported on the past period and answered why the business is still good (source)
On the 165th day of work, Binance became the absolute leader, and on the 175th day, the volume of transactions on the platform exceeded $10 billion. All this time, the exchange moved to becoming a global leader among other platforms providing similar services.
Changpeng Zhao, CEO of Binance, noticed that despite the stagnation of the market, the exchange did not stop the development and increase of its own indicators. Moreover, all this helped to attract institutional investors; investments from institutional area have significantly grown, including the ICO industry.
Tags: #exchange #Binance #market #financial #industry
Who can be interested: market researchers
📌 MSE + OKEx collaboration will launch security tokens trading platform
Probably, one of the main platforms of this type will arrive from Malta (source)
Brand new collaboration, which based on The Malta Stock Exchange (MSE) and cryptocurrency exchange OKEx partnership, will create a new institutional grade security-tokens trading platform. This became known from the press release for Cointelegraph.
It is noted that this decentralized platform will become the first global exchange of this type, oriented to various industry participants. A new product will test the market reaction. We can only assume that after the "test", more global projects may appear on the market.
Tags: #MSE #OKEx #security #tokens #trading #investment #platform
Who can be interested: security tokens area members
📌 Other updates – new projects, tokens and more
- NEO will be listed on COSS.IO this Friday, the 20th of July. Following pairs will be available with BTC, ETH, USD and COSS. This is a cryptocurrency exchange platform which supports list of multiple tokens, which will open the pathway for institutional investors, as it was announced there.
- Binance will support upcoming re-branding of VeChain project (VEN -> VET). New supporting trading pairs: VET/BTC, VET/BNB, VET/ETH and VET/USDT. VET tokens will be fully available in July; This all going under the awaited VeChain’s token swap & mainnet.
- Cardano Android Wallet will be presented during the next month (15th of August). This is come from latest Charles Hoskinson’s update from Singapore.
- Do not miss – Coinbase is more like to trade unregistered securities, without SEC approval. For example, Opinion [1], opinion [2].
Know more interesting events/important updates? Please write a comment about it.
💱 Exchanges TOP
Binance $1.95B -> 17.71%
Huobi $1.18B -> 10.75%
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