China is considering government blockade decisions

The state auditor of China believes that the blocking team can "open a window for more orderly data storage."


An article published on the website of the National Control and Revision Office of the People's Republic of China discusses the use of a blockade to facilitate data storage. Currently, the office is responsible for a huge amount of data, which, in his opinion, can be stored more efficiently in a decentralized registry.

The National Audit Office, which includes 29 departments at the cabinet level in the State Council of China, reviews all financial transactions related to the government, from administrative expenses to individual government programs. It also manages the provincial and municipal level auditing bureaux, which have their designated authorized representatives.

The decentralized system is expected to be used in every office of an accredited auditor as a separate node. The article says that "a blockage can reduce the workload of the central government while providing a trackable register that will mark each transaction at all levels."

In fact, the article suggests "a window into a new form of thinking of government bodies working at the state level in China" using the use of blocking technology. It remains to be seen whether any development of this theoretical system will really be launched.

According to the published article, "the need for decentralization is linked to the existing operating model adopted by the central office, which is the only department that stores all the data submitted by its commissioners at the provincial and municipal levels."

Management writes in conclusion:

Since the bureaus do not store data themselves, the National Audit Office faces a situation where we must unlimitedly expand our software and hardware capabilities - which is a "vicious circle". The concept of a block of flats will offer us a window for solving the basket of problems mentioned above.

Crypto-exchange OKEX has encountered an error for ERC20 tokens

The OKEX, the third largest crypto-exchange in the world in terms of trading volume, suspended all transactions with ERC20 tokens after the opening of trading on April 25; developers say that a "new mistake of a smart contract" was discovered.


In his blog, crypto-exchange confirmed that the bug, called BatchOverFlow, allowed malicious parties to "generate a very large number of tokens and put them on a regular address."

Crypto-exchange says:

This makes many of the ERC20 tokens vulnerable to the manipulation of prices by attackers. To protect the public interest, we decided to suspend deposits with ERC20 tokens until the error is corrected.
New events followed just a day after the DNS server substitution resulted in some users of MyEtherWallet purses used to store and exchange ERC20 tokens, inadvertently being redirected to phishing websites, compromising their login data and opening access to personal assets.

Although some sources mistakenly attributed the attack to weak points in the infrastructure of MyEtherWallet, the developers subsequently refuted these claims.

As of the time of printing, the source of the OKEX problem remains unknown.

Crypto-exchange "contacted the teams representing the affected tokens to investigate and take the necessary measures to prevent the attack." OKEX adds that the operations already performed by the clients will be restored after the normalization of the situation.

Tom Lee: "I will prefer bitcoin altoquin"

Co-founder of Fundstrat Global Advisors Tom Li told the media that he preferred the purchase of Bitcoin (BTC) alternative - Bitcoin Cash (BCH), as markets strengthen the second week of profit.


Speaking to CNBC, Lee, who is well known for his bullish position towards bitcoin, said that although he would not mind "accepting the side," he would prefer to invest "new money" in bitcoin rather than in altcoyins.

Li explained:

I think that both options have their merits. But if I were investing money today, I would be much more interested in buying a lagging currency that could attract an inflow of funds, and not what is potentially overbought.
Lee's statement appeared against the backdrop of a continuing verbal skirmish between bitcoin and Bitcoin Cash supporters.

When asked why BCH managed to achieve significant successes in the previous days, Lee said he believes that the Bitcoin Cash's hard-core network is part of the cash flow motivation. CNBC host Brian Kelly, who recently spoke about investing in Bitcoin Cash, also added that it "is somehow connected with improving sentiment in the market."

Nevertheless, Lee continues to defend his position vis-à-vis a brighter future for bitcoin. He referred in an interview to the fact that a poll conducted this week by various financial companies showed that more than 80% believe that the decline in prices in the I quarter of 2018 ended.

Thomas Lee writes:

CRYPTO: We took a small group of institutional investors in 4/23, among which were crypto and traditional macro [companies] interested in shopping. The results are below. Key institutions believe that # BTC pushed off from the bottom. We see this as a leading indicator of the influx of big money in Crypto.

According to the data provided by Lee, by the end of the year, most respondents believe that BTC / USD will be at the end of 2018 between $ 10,000 and $ 20,000.

The law on the regulation of the crypto currency in Russia will come into force on July 1, 2018

To date, the regulation of the crypto currency in Russia and all the related discussions on this topic have come to the fore. In social networks and the media, discussions are constantly taking place on the account of the blocking by Roscomnadzor of the Telegram messengers, which resulted in a significant number of other services being damaged.

Earlier, President of the Russian Federation Vladimir Putin for the implementation of the program "Digital Economy of the Russian Federation" approved some recommendations for the Government and the Central Bank. Before July 1, 2018, all necessary amendments to the legislation of the Russian Federation should be introduced, which provides for the introduction of such concepts as "digital mortgage", "crypto-currency", "token", "smart contract" and so on.


However, it is worth noting that the national currency, the Russian ruble will retain the status of the only legal tender in Russia. In addition, it is necessary to revise the requirements for organizations and companies whose activities are related to crypto-currencies, in particular, registration of their activities and the procedure for paying taxes.

Another important issue that remains open until July 1 is the creation of regulatory rules for ICO projects.

Activities of illegal exchange points of crypto currency in Russia
Social networks and news media now and then report on the activities of illegal crypto-currency enterprises in the country. Some sources reported that near the central station in the city of Kursk, the exchange service "Sberkoin" was opened. He allowed anyone who wanted to buy or sell a crypto currency.

It is worth noting that this exchange of crypto currency in Russia has no connection with Sberbank. Residents of the capital appealed to the State Duma deputy Dmitry Ionin with the requirements of checking the activities of the service.

A few days later, Yuri Polupanov, director of the Department of Financial Monitoring and Currency Control of the Bank of Russia, said that several trading crypto-currency services are operating in Moscow, which have no license.

Specifically, there were indicated such retail outlets as TC "Moscow", TC "Sadovod" and "FoodCity." There are exchange points on their territory, the activities of which do not comply with the current legislation of the country. Earlier it was reported that Chinese traders from these outlets moved most of their income to crypto-currencies.

"Their revenue in the crypto currency is nowhere taken into account. Most of the proceeds are instantly transferred to the home of the owners and converted into local currency, "the Bank of Russia said.

However, information on the three trading markets related to crypto-currency transactions was just the tip of the iceberg. To see the real picture helped the application Bitmap. According to his data, in Russia there are about 70 exchange points of the crypto-currency, some of which are located in Moscow. The capital has 16 points, including bokoyn-ATM and cash desks.

Many users believe that crypto-currencies are comparable to financial pyramids, however, there are those who see in them an excellent opportunity to get rid of sanctions from the West. For example, Deputy Chairman of the Council of Ministers of the Republic of Crimea Georgy Muradov suggested reducing the dependence of the peninsula's economy on EU sanctions, by legalizing the crypto currency.

He explains that the creation of a specialized investment fund in the Crimea will allow accumulating crypto-currency resources. They can be translated into Fiat and sent to the creation of new projects.

MarketWatch began tracking the prices of Ethereum, Litecoin and six other crypto-currencies

MarketWatch, the publishing department of the Dow Jones Media Group, announced on Wednesday, April 25 that it is beginning to track the market movements of eight more crypto-currencies, CoinDesk writes.


The MarketWatch website tracks the bitcoin price from 2014, but from now on, users will also be offered data on Ether, Ripple, Bitcoin Cash, Litecoin, Ethereum Classic, Monero, Dash and Zcash.

The new service will publish real-time quotations of these altcoys against the US dollar and the euro, as well as historical trends in the price movement, using the data from the Kraken crypto exchange.

"There is no doubt that our readers, as the world's most sophisticated investors, are following digital currencies, and we are happy with Kraken to extend real-time tracking to nine crypto-currencies," said MarketWatch general manager Dan Shar.

Recall last week, the financial news agency Dow Jones Media Group announced a partnership with the startup Brave. Within its framework, DJMG will test the possibilities of a blockbuster-developed platform for online advertising developed by a start-up, and will provide access to premium content of Barron's MarketWatch publications to about 2 million users of the Brave browser.

Binance Labs invested $ 30 million in MobileCoin

MobileCoin, a new confidentiality-oriented crypto currency, announced that Binance Labs invested $ 30 million in the fundraising round.


The MobileCoin blog says that the incubator of blocking technology, connected with one of the largest crypto-birch Binance, tops the investment round of $ 30 million, expressed in bitcoins (BTC) and Ethereum (ETH). According to TechCrunch, the new crypto currency can "enjoy priority consideration, and include it in the list of currencies traded on Binance."

In addition to working with Binance Labs, the MobileCoin team includes Moxi Marlinpike, the founder of the Signal messaging application. Shane Glynn, who has worked as a product consultant with Google since 2010, works as a project legal adviser, ensuring that MobileCoin complies with regulatory rules.

In the MobileCoin Whitepeper project published in December 2017, the project developers described their intention to develop a "fast, closed and easy-to-use crypto currency that can be deployed in environments with limited resources for users who can not reliably keep secret keys for an extended period of time ".

It is reported that MobileCoin will use the Stellar network consensus protocol to synchronize with the network and provide scalability and speed, while the end product will be integrated into applications for mobile messaging:

MobileCoin is designed so that the mobile messaging application, such as WhatsApp, Facebook Messenger or Signal, can integrate with the MobileCoin purse.
Binance Labs commented on its participation in the financing:

MobileCoin is the first user-friendly crypto currency that plays an important role in making decisions on the implementation of crypto-currency systems. The MobileCoin team and Binance Labs share a common vision, and we are proud to support what they are doing.
Recently, Binance collaborated with Ugandan Blockchain Crypto Savannah. Cooperation intends to support the economic development of Uganda, East Africa, by creating jobs and attracting investment in the country.

Analyst of Saxo Bank forecasts growth of Crypto-currency

The influential investment bank Saxo released a 35-page outlook for the second quarter of 2018. In it, cryptanalyst Jacob Pouncey (Jacob Pouncey) noted the risks faced by companies in the first quarter of this year with respect to digital assets. Taking into account several factors, he believes that the next three months can become breakthrough for digital assets capable of provoking a "bullish" market.

In his forecast, Poncey notes that "the crypto-currencies returned to the ground in the first months of this year, after a sharp increase in late 2017. The situation remains unstable, given the prospects for strengthening regulation and bans on advertising in social networks. Nevertheless, we can not rule out the possibility of their return. "

Ponsi also notes that "in the market there have been several major acquisitions of crypto-instruments by financial companies such as Goldman Sachs, who is an investor in Circle, which bought the Poloniex exchange, and Monex Group, which bought Coincheck and Yahoo Japan." In addition, crypto-exchanges, such as Coinbase, were able to hire talented professionals from Silicon Valley, and they are in key management positions.

Ponsi concludes: "Several events can serve as springboards for the crypto-currency" bull market "in the second quarter through fundamental drivers [...]. In my opinion, in the end, we will see the end of the fall of the Crypto-currency. "

Many finance gurus expect that a light credit market will run out in the coming months as part of a hedge against inflation. This may mean that traditional shares will become less attractive, and the search for "uncorrelated assets" will begin.

These are "assets that lie beyond the reach of the traditional financial system, in which crypto-currencies are a potential alternative," insists Ponce. "Historically, many prestigious crypto currencies have grown in the face of global uncertainty and [...] the inflow of institutional capital into the crypto-currency market due to increased regulation and protection of investors could lead to a positive dynamics in the second quarter of this year."

Last December, Saxo Bank made an awesome forecast for bitcoin for 2019. Then analysts of the bank predicted that in 2018, the cost of bitcoin is expected to rise to $ 60,000, after which it will collapse to the fundamental "manufacturing cost" of the $ 1,000 coin in 2019.