Recently, there were enacted legislative changes about cryptocurrency exchanges in the state of Washington. Those legislative changes equate the cryptocurrency exchanges to the companies that make money transfers. As a consequence, that will oblige them to obtain the appropriate license from the Department of Financial Institutions of the State.
Ethereum mining became profitable for a while and here are the reasons. This year, the price for the Ethereum grew as on steroids. When the rate of the cryptocurrency reached a record level of over $ 400, many cryptocurrency enthusiasts purchased AMD and Nvidia graphics cards to join the Ethereum mining, which suddenly became so profitable.
We are seeing a huge increase in interest in the world of cryptocurrency market. There are two countries at the core of entire cryptocurrency industry development. Those are Japan and China.
Last week the rate of Bitcoin crypto currency week recorded a 20% drop. However, over the past four days, the appreciation reached 38%. Bitcoin exceeded the mark of $ 2500 and continued to increase to $ 2700. The approach of August 1 causes such high volatility. That day the crypto currency can split into two parts.
In recent years, the bitcoin mining turned into a huge branch of the economy. Its participants — large producers of ASIC-miners and pools – process transactions on the market with a capitalization of almost 40 billion dollars. At the initial stages, it was possible to extract bitcoins with the help of central processors (CPUs).
This is possible even now, although it is extremely inefficient. Nevertheless, there are still people who are engaged in Bitcoin mining on old computers and retro devices. However, this is done solely out of interest or for the sake of experiment.
The world’s main crypto currency – Bitcoin stopped the fall, which lasted the last two weeks. The crypto currency increased 13.7% a day after the activation of the new Segwit2x protocol.
Tezos is a new block network, a decentralized system of “smart contracts,” which will be launched a few months after the ICO. The Tezos fund, registered in Switzerland, started crowdsale for the development of the same-named block-platform from July 1. Only in five days 53,108 bitcoins, or $ 137.4 million, were collected. Add 270,958 ethers, or $ 71.2 million to that. The sum is $ 208.6 million. ICO Tezos already surpassed the amount of funds raised by the largest crowdsale – Bancor ($ 153 million). It competes with EOS (exceeded $ 185 million).
Another large exchange included Ethereum Classic in the list of traded currencies due to the high interest of users. Thus, increasing the availability of trading pairs ETC / FIAT for Chinese traders. If this trend continues, we can soon expect ETC support from an even larger number of exchanges.
Hard fork for bitcoin network
The probability of hard fork, i.e. bitcoin network blockchain separation into two independent chains, somewhat increased. That’s because, most bitcoin miners missed the first time-frame for the so-called user-activated soft fork (UASF / BIP 148).
Fateful future of Bitcoin
Known for its volatility, the crypto currency, achieved 160-percent growth in this year. It attracted everyone – from Wall Street bankers to Chinese retirees. Our opinion, bitcoin is approaching one of the most fateful moments.