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.
The current trading week started smoothly. The altcoin market continued to consolidate in a sideways range. Low activity of market participants will contribute to continued flatness
The Paris-based global anti-money laundering organization believes that the time has come to tighten regulation of crypto assets and come to a unified global system of control over digital assets.
According to Bloomberg, the possibility of an American recession next year is 28%, over the next two years could reach 60%, and in three years will be more than 80%. According to the Federal Reserve Bank of New York, the probability of a recession by the end of 2019 is 14.5%, which is significantly different from the 60% stated by JPMorgan bank by the end of 2020.
Market trading volumes are at a record low. Lateral movement continues
The new edition of the Russian cryptocurrency law abandoned “incomprehensible bitcoins” and “meaningless mining”, because these concepts do not fit into the country’s economy.
On October 15, the TRX price showed a decline immediately after its increase to $0.030. The bears pushed the TRX price below $0.026, it began to consolidate in the range from $0.026 to $0.024.
Visa has announced details of new digital products that are being prepared to launch as part of Visa B2B Connect in the first quarter of 2019.
According to the official Litecoin post on Medium, the cost of fees on the Litecoin network will drop tenfold in the next version 0.17. In the future, the average fee on the network will be Ł0.0001 per kilobyte, not Ł0.001 per kilobyte - at the current rate of $0.005, not $0.05.
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