The main cryptocurrencies have experienced an extremely difficult weekend and are trying a very slight technical jump for 24 hours. Thus, Bitcoin, which fell yesterday under $ 6,000, painfully up to $ 6,230 today on Coinmarketcap. It is up nearly 5% over 24 hours, but still loses 4% over a seven-day period. The balance is quite comparable on the other 'cryptos', since the Ethereum is recovering 5% on a day to $ 466, but yields another 7% over seven days. The Ripple is up 5% over 24 hours, but flop 6% over a week ...
The Bitcoin Cash, which stumbles 8% over seven days, still takes 11% over the last 24 hours. Finally, the EOS wins 13% over seven days but drops 20% over a week.
In comparison with the peaks of December 2017, the addition starts to be salty, the BTC having for example lost two thirds of its value. The increased volatility and the recent decline are mainly due to fears related to the market regulation of these digital currencies. Bitcoin hit yesterday an annual low floor, victim of risk aversion, in a context of skepticism quite general among international authorities, including central banks.
The initiative of the Japanese financial regulator, the FSA (Financial Services Agency), which demanded Friday more transparency on cryptocurrency trading platforms, has recently sealed the digital currencies. The Japanese authorities have sent recommendations to six of the most important trading platforms in the country, asking them to improve their procedures to combat money laundering. The companies concerned must submit their plans by July 23rd.
One of the platforms concerned in Japan, Bitflyer, announced Friday that "to maximize our efforts to build an appropriate service and improve the identified problems, we have voluntarily and temporarily suspended the reception of new customers".
The operators are sensitive to these newcomers from Japan, because the country was until now one of the most favorable to this market of 'cryptos'.
The announcements of the Japanese regulator come just two days after a new computer attack against the Bithumb platform in South Korea. Nine days ago, another South Korean platform, Coinrail, was hacked ...
The investigation of the US Commodity Futures Trading Commission also weighs. The CFTC is looking, it will be remembered, on the cases of the four main digital currency exchange places (Coinbase, Kraken, Bitstamp and ItBit) and investigation of possible price manipulations.
The market manipulation of Bitcoin and 'cryptos' is also the subject of a criminal investigation in the United States. The US Department of Justice has opened this criminal investigation, studying potential market manipulation by some traders. Such concerns had already led to a ban on trading platforms in China and increased regulation in Japan, as well as in other countries ...
The BIS (Bank for International Settlements), an international financial institution based in Basel and controlled by central banks, dubbed the "Bank of Central Banks", has tapped the BTC and cryptocurrencies in a study published this month. The BIS is not soft with digital currencies, judged for the time being very energy-consuming, unstable and obviously risky, and likely to paralyze the global Internet! In addition, the BRI can not identify a problem that could possibly be solved by 'cryptos'.
The institution believes that regulators must provide responses to prevent abuse, while allowing additional experimentation ... The economic adviser of the BIS has estimated that many cryptocurrencies should be regulated as actions or obligations ...
Among the (rare?) Possible bullish catalysts, fans are expecting a lot from the BWC conference scheduled for next month in Atlantic City. With over 8,000 participants and more than 120 exhibitors now expected, the Blockchain World Conference will be "the largest conference ever held in the crypto space", according to its promoters.
The Blockchain World Conference, a global brand engaged in the production of crypto events, has announced "its enormous success in securing an unprecedented number of accredited investors and a powerful list of world-renowned speakers for the upcoming Blockchain World Conference ".
Produced by BWC Events, this three-day conference will be held July 11-13 and will take place at the famous Harrah's Resort in Atlantic City, New Jersey. The Blockchain World Conference brings together "the most impressive panel of blockchain and crypto experts ever assembled in one event," says BWC Events. "Industry experts, scientists, analysts, educators and leaders will appear on stage at this most important and transforming blockchain industry event the world has ever seen before," he said. enthusiasm the organizer.
The event will feature presentations, roundtables, educational seminars, industry speakers, networking events, exhibitions, and much more. The conference will culminate in a keynote address by John McAfee, the McAfee programmer and founding business man behind the bad boy of blockchain (1987). Our man believes the conference will be simply the 'Woodstock Cryptos' ...
