In our “National Cryptocurrencies” section, we cover government-backed digital currencies and state initiatives related to blockchain technology. Here you will find news about central bank digital currencies (CBDCs), national crypto projects, and the role of digital money in modern economies. Read the “National Cryptocurrencies” section on ForkNews to stay informed about how countries are developing their own digital currencies.
Canadian crypto exchange MapleChange announced on Twitter that it had been hacked and went offline. There is nothing to reimburse user funds, so the site has completely ceased operations.
Yesterday, the major cryptocurrency pairs left the narrowing consolidation range and broke through the lower support lines to record their first weekly lows.
One of the largest mining companies in Europe, Bitfury, is considering the possibility of becoming public. Company representatives are in talks with several global investment banks and plan to begin trading in Amsterdam, London or Hong Kong in 2019. An IPO could help the company reach a valuation of $3-5 billion.
According to experts, attempts to tame the “wild west” of cryptocurrencies could lead to negative consequences for the British fintech market. The chief executive of the British Business Federation Authority, Patrick Currie, said that inappropriate regulations could force digital platforms to leave the country, damaging the UK's business reputation.
The Japanese financial regulator, the Financial Services Agency (FSA), does not classify stablecoin as a cryptocurrency. While emphasizing that fiat-pegged coins are likely not digital currencies, the regulator has clarified the registration requirements for issuers and sellers of these tokens.
Consolidation continues. The price is slowly falling.
In the latest report released, financial rating agency Weiss Ratings highlighted four tokens that deserve a rating of “D” (weak) or lower. This is a selection of 48 cryptocurrencies that earned a low rating, out of a total of 111 cryptoassets evaluated.
Financial giant Visa is in no hurry to enter the digital asset market. During Mad Money, which airs on CNBC, Visa CEO Alfred Kelly discussed the company's future plans in the digital industry. According to him, cryptocurrencies are not a threat to Visa in the near future, but the company is ready to implement cryptocurrency functions if digital coins become more stable and widespread in the future.
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