On March 23, the ruble fell again and reached 81 rubles for 1 dollar. Euro costs 87 rubles. The Moscow Stock Exchange index fell by 4% after the collapse of world stock indices and oil prices to $ 25.7. The cryptocurrency market also decreased activity - the level of capitalization fell by 7% to $ 164 billion, and the cost of the main digital currency fell to $ 5,800.

Depreciation of oil is a predictable event. At the same time, limited air traffic and border closures caused a surplus of “black gold” in the market, explained Yuri Mazur, head of analysis at Cex.io Broker. In the coming years, further decline in the price of black gold to $ 20 is not excluded, the expert suggests.

Last time, when oil showed the most significant decline over the past 30 years and collapsed to $ 31, the value of bitcoin also fell to the minimum limits of $ 3,800. In two wee ... Read more »

Analysts from the Kraken exchange made a bold assumption that Bitcoin would cost $ 350,000 by 2044. In their block, they published a study with a forecast and explained that a digital coin in the next two decades will become even more common than before.

Kraken exchange
Source: pinterest
Over the same 25-year period, wealth of $ 68.4 trillion will gradually pass. dollars from the older generation to the millennials (24-39 years old) and the generation at 40-55 years old. Experts cited a study by Private Wealth Management. As a result, young people will have the opportunity to invest $ 971 million in digital coins, and this will lead to an increase in the cost of BTC.

According to Kraken analysts, over the next decades, millennials and generation X will be able to invest about a trillion dollars in bitcoin. Given the limited issue of coins, their value w ... Read more »

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 »