Regulatory Guidelines Issued By Abu Dhabi Global Market

The regulatory body in United Arab Emirates, Abu Dhabi Global Market (ADGM) has release its guidelines for cryptocurrencieshttps://www.adgm.com/mediacentre/press-releases/adgm-launches-crypto-asset-regulatory-framework/ last 25th of June 2018.

The guidelines was released in its official website where it detailed regulatory framework on how to conduct cryptocurrency activities.

The said guidelines includes cryptocurrency exchanges, custodians and other intermediaries that operates within the domain of ADGM.

With this release ADGM would like to address the risk involving crypto asset activities such as money laundering, financial crime, consumer protection, governance, custody and exchange services.

The Chief Executive Officer FSRA of ADGM, Mr. Richard Teng states with confidence that by introducing the best comprehensive regulatory framework in the space will position ADGM as a destination of choice for crypto asset player in the region and perhaps worldwide.

Winklevoss Twins State That Bitcoin is Gold But Better Than It

Cofounders of Gemini, Tyler Winklevoss and his brother Cameron supported common sentiments in the cryptocurrency community that Bitcoin (BTC) is a digital form of gold while speaking in New York City on Feb 27.

Tyler said that both gold and Bitcoin are scarce, fungible and divisible.

However he believes that Bitcoin is better at being gold than gold since it is a lot more portable than gold.

He then describes Ether as digital oil which fuels the Etherereum Blockchain network.

Litecoin viewed by the brothers as the little brother of Bitcoin and can be seen as digital silver with smaller market capitalization and represents more of a testnet.

Cardano and Tron Partnership A Possibility

Charles Haskinson the co-founder of Cardano has proposed to Justin Sun, the founder of Tron, through a tweet that the Tron development team should take a look at Cardano’s mantis client considering it instead of using Ethereum Java.

He states that Cardano is better, security audited and consensus is pluggable for a Dpos Style Protocol.

Many did not believe it at first but when Charles reaffirmed that he is serious about the proposal, the crypto community became abuzz with excitement for the possibility of Cardano and Tron partnership.

Meanwhile Justin Sun reciprocated the invitation of Charles saying that Tron is always striving to be the best and would consider taking a look at it.

Regulatory ETF Would Push Bitcoin To $50,000 in 2018 Says Hayes

The co-founder and CEO of Bitmex, Arthur Hayes has revealed that a favorable ETF regulation would push the Bitcoin price to new heights of $50,000 at the end of 2018.

Bitmex is a peer-to-peer trading platform that offers leveraged contracts that are bought and sold in bitcoins.

He made this prediction while speaking on the CNBC Fast Money Show on June 29, 2018.

His prediction was described as a “Superbowlish Forecast”.

He also says that it is just but natural for Bitcoin that has gone as high as $20,000 to experience correction at $6000 and might find its bottom at $3,000 and $5,000 range.

Nevertheless he remains confident that market conditions will improve soon especially when the proper regulatory framework are in place, specifically favorable Regulations of Bitcoin ETF.

Changelly and Partcl Parnership

Partcl is said to be a multi-purpose utility coin that is mainly used as a privacy coin.

However it is mostly used in Particl’s own platform.

Recently it has made a strategic partnership with Changelly, a popular cryptocurrency exchange service.

With this partnership Paticl hopes more users and more tokens are exchanged privately on the Particl Markplace.

Changelly is said to have over 15,000 transactions daily and has integrated itself into the largest cryptocurrency trading platforms including Poloniex and Bittrex and have partnered with other cryptocurrency organizations.

This partnerships has enabled users to use cryptocurrencies without having to use external exchanges.

Their system enable users to make cross-chain settlements from one wallet to another, almost instantaneously.

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