Headlines for the world of Cryptocurrencies - September 12, 2017
China is Shutting Down Bitcoin Exchanges
There have been a lot of rumors since last week about Chinese government planning to ban Bitcoin exchanges.
Yesterday, we finally found a clear report from the www.wsj.com that truly, PBoC is planning to shut down domestic Bitcoin exchanges.
It plans to ban trading of Bitcoin and other cryptocurrencies in commercial domestic exchanges.
However, they did not plan in stopping non-commercial and over-the-counter transactions according to some people who has the idea in the report.
Better Bitcoin Smart Contracts might be launched before the Year ends
Stimulated by the SegWit Activation last month, Bitcoin developers are re-planning that Bitcoin will be redesigned to be somewhat similar to Ethereum with its more defined code executions.
MAST or Merkelized Abstract Syntax Trees is a concept put forward by Russell O'Connor, Peter Todd and Pieter Wuille.
This concept will be made possible soon after SegWit will be activated.
Mark Friedenbach, Blockstream's co-founder is currently forming the idea and pushing a proposal this week for MAST to be deployed in a soft fork manner.
The project could result to greater transaction flexibility. It will also allow better privacy for users as it does not disclose unused scripts to the public blockchain. It could also aid to increase scalability as it only requires less data to be stored in the blockchain.
Headlines for the world of Cryptocurrencies - September 11, 2017China's ICO ban is temporary / Major Israel Bank joined Microsoft to offer Blockchain-based Bank Guaranty |
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Headlines for the world of Cryptocurrencies - September 10, 2017Russia to Legalize Bitcoin and other Cryptocurrencies / There's Still a Chance for Bitcoin ETF |
Headlines for the world of Cryptocurrencies - September 09, 2017Monetha Partners with Europe's Leading Food Delivery Company / US Legislators to Get rid of Tax for Bitcoin Transactions below $600 |
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STOPUpvoted, good article! I think we are all still awaiting further clarity on Chinese ban. Not sure whether the current retraction and then again a gradual recovery will be sustained. Ideally, I would want to see one more big fall so I can buy some more before it rallies up again :)
Exactly! Same here fellow trader.
However, what I really do not want to hear is that the Chinese or any other whale/s is spreading all this FUD just to lower the prices down for entry. I cannot comment on this yet but I have heard news that the Sept. 4 ongoing event led to a lot of very big players moving some of their money from stocks and into cryptos. I'm still on the prowl though but this might be breaking research.
On the other side of the world, its a backbreaking hit to Chinese economy if they opt out of Bitcoins and cryptocurrencies. As being the richest people in the world, they also know that. The government is just protecting its assets and will be producing strict regulations for the next exchanges and ICOs to come.
It's a good thing to always act smart and not be loose handed especially when investing. :)
UPVOTED!
Thanks!