Some Telegram Open Network investors are already ready to leave the project and return their investment. At least ten ICO participants are ready to leave the project, according to Yakov Barinskiy, head of the Hash CIB crypto-investment bank.

Yakov Barinskiy, Head of Hash CIB Crypto Investment Bank
Jacob Barinsky. Source: dukascopy.com
In October 2019, Pavel Durov offered investors to repay 77% of their invested assets or to agree to change the project launch date, moving it to April 30, 2020. From October to April, Durov promised to spend 5% of the collected assets on the development of the platform, so if the project is not launched by April 30, the promised return of assets will not be 77%, but 72%.

According to Barinsky, TON now has two variants of events. The first involves a deal with the SEC and recognition of Gram as a security. The second is the ... Read more »

Analyst Omkar Godboul of the well-known cryptocurrency portal Coindesk commented on the market situation. He noted that miners sell more BTC than they produce. In this case, the value of coins recovered after falling to $ 3,800 by only 80%. According to the expert, 2 788 BTC tokens were sold in the last two weeks, while only 1 588 coins were produced during the given period.

According to digital assets data analyst Connor Abendshine, the current situation is a favorable indicator. He speaks in favor of increasing the rate of bitcoin in the future. The market has almost recovered, despite the fact that the volume of token sales by miners has increased significantly.

If the value of Bitcoin rises from local lows, and buyers absorb additional coin offerings from miners, this is a sign of strength in the entire cryptocurrency market. Abendshine is convinced of this, so he advises not to rush to get rid of his savings to investors.< ... Read more »

The year 2020 initially made it clear that it would be an unforgettable experience. In January, a military conflict began between the United States and Iran, and the network even actively discussed the risk of a new world war. Oil was rising against the backdrop of strikes on Iran's oil facilities, which could have caused a shortage of raw materials, and gold was rising in price amid geopolitical risks, as security assets believed.

The value of BTC in the market also increased sharply, rising by 20% in 5 days. The cryptocurrency hit the $ 8,000 mark and received multiple comparisons to gold. On January 22, Quarantine was shut down in Wuhan, China, and economists were just beginning to consider damaging the financial system worldwide. Quotations of stocks and commodities in the PRC collapsed almost instantly. Immediately cheaper oil, copper and palm oil.

Gold, i ... Read more »

Microsoft has announced its readiness to create an innovative cryptocurrency mining system. It is based on a new source of energy - data on training and other physical activity of people throughout the day.
The corporation filed a patent application with the World Intellectual Property Organization last Thursday. Representatives of the computer giant Microsoft announced that the sensors can capture activity related to certain tasks, such as the time of viewing ads. It will be converted to computer-readable data to solve computational problems. In many respects, this system is similar to the standard technology for performance testing.

Instead of the large-scale computing work that is required by conventional cryptocurrency systems, data generated with the user's physical activity in mind will be able to prove the work. Accordingly, the user, unnoticed for himself, will solve complex computational pr ... Read more »

Lawyers representing Telegram Group Inc. have filed a lawsuit with the U.S. court to clarify the situation that specifically bans Gram tokens. Pavel Durov's company is trying to find out whether the temporary injunction concerns only purchase agreements with US investors? The Telegram defense request was already addressed to Kevin Castel, an American judge.

It was this judge who upheld the prosecution's request to ban the transfer of Gram tokens to primary buyers to prevent the resale of digital coins. The matter is that, according to the regulator, Telegram was not registered under the current securities legislation.

SEC Decides to File Telegram Group Inc. because of an ICO that helped the company raise $ 1.7 billion. According to SEC officials, Telegram had to register the token placement for this purpose, but Durova's company violated the laws. The a ... Read more »

The Digital Dollar Foundation has announced the formation of an advisory group, which will participate in the development of the basis for the creation of the national digital currency of the US Central Bank. The group will include 22 people who will explore the potential areas and uses of the digital dollar.

The nonprofit Digital Dollar Foundation was founded in 2020 by Accenture and J. Christopher Giancarlo, who previously served as chairman of the Commodity Futures Trading Commission. Consulting has already cooperated with the Central Banks, including the Canadian, European, Riksbank and the Monetary Authority of Singapore.

The advisory group will include experts in financial technology, cryptocurrencies, capital markets, banking, privacy and property rights. There will also be faculty, academics and economists.

The e ... Read more »

The possibility to buy cryptocurrencies through Opera browser will be received by users from 28 countries, including the countries of the European Union, Switzerland and Australia. Software developers have also begun to support decentralized sites on a crypto domain.

Representatives of the company responsible for supporting the Opera browser have announced the possibility of purchasing bitcoins and ethereum through built-in features. This information was recently released through a press release. To do this, the developers had to enter into an agreement with a startup Wyre, which is based in the US and offers money transfer services.

Operations with digital assets will be carried out by users through a built-in crypto wallet, which will appear in the Opera browser. The developers thus plan to reduce the number of intermediaries who will participate in the coin sale ... Read more »

Work on the bill on digital financial assets has been completed, said Anatoly Aksakov, chairman of the Duma Committee on the Financial Market. He noted that the document defines the concept of cryptocurrencies and regulates the ban on their use as means of payment. According to Aksakov, the experts decided to define these instruments, but to prohibit their use as traditional financial assets. The law will also determine the order of issue and circulation of digital assets that are secured by the goods.

Anatoly Aksakov, Head of the Duma Committee on the Financial Market
Anatoly Aksakov. Photo: Valery Sharifulin / TASS
Aksakov also added that the adoption of the document would be delayed because of the coronavirus. Most likely, until the end of spring it will not be considered. The world's deadliest virus slows down all legislative processes. The focus has been shifted to priority pandemic opera ... Read more »

Cryptocurrency stacking service is running on Bitfinex. Exchange customers will be able to make deposits at rates up to 10% per annum in digital assets. The service runs on the PoS algorithm. The marketplace does not charge commissions for the use of services, but takes part of the fee for the stacking.

Stacking is called an alternative method of mining digital coins based on the PoS algorithm. The network member blocks his tokens for the purpose of the validation mechanism, and for that he receives a reward. The amount of the rewards for stacking depends on the amount of assets being blocked - the higher it is, the higher this passive income is.

To improve stacking efficiency, the cryptocurrency community has begun developing collaborative pools that allow participants to collect the stack they need to generate revenue. Stacking platforms already exist on some oth ... Read more »

Cryptopia clients will receive their assets after the burglary
Source: cointelegraph.com
Users of the Cryptopia cryptocurrency exchange who suffered from a hack last year will be able to recover their funds. On April 8, Christchurch High Court in New Zealand ruled that cryptocurrency is the property of users under the country's legislation.

Thus, digital assets belong to the clients of the trading platform and cannot be considered debt, that is, to take a place in the competitive mass to pay off the liabilities to the creditors. Therefore, the court decision gives Grant Thornton, which liquidates Cryptopia, the opportunity to start recovering digital assets of 800 thousand. users.

The judge stated that cryptocurrencies on Cryptopia are intangible personal property of the site's customers, which can be identified as valuable. In this context, he ... Read more »

The March BTC crash of 50% to $ 3,800 lows allowed miners to prepare for the upcoming halving in advance. Christopher Bendiksen, head of the CoinShares research department, made this point of view. He reported that many companies have experienced a sharp collapse of the coin and a decline in revenue, while the least profitable have left this segment of the business.

CoinShares believes that a BTC drop of 50% will benefit mining
Source: leaprate.com
Thus, after halving and for several months of high volatility, the mining industry will be in a stronger position. Bendiksen also noted that miners will have to sell more mined coins. Accordingly, the BTC exchange rate will experience less pressure than before, in this connection the CoinShares representative forecasts a medium-term bullish trend in the cryptocurrency market.

The fundamental characteristics o ... Read more »