Cryptosya

US Congress greenlights a bill on cryptocurrency regulation for the first time. If this bill becomes law, a working group will be established to address regulatory uncertainty in the crypto space.. The name of the bill is also noteworthy: the Act to Remove Barriers to Innovation.

US Congress gave the green light to crypto money regulations

US Representatives Congress has passed bill that would set up a digital asset working group to help guide the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in drafting new regulatory frameworks for both digital assets and cryptocurrencies.

“H.R.. 1602” or the “Removing Barriers to Innovation Act of 2021” was approved by the US Congress last week and forwarded to the US Senate.. Now, it is being examined by the Senate Banking Commission, headed by Senators Sherrod Brown and Pat Toomey.

After being passed and enacted, a commission will be established according to this bill.. This commission will carry out the work to evaluate the regulations regarding digital assets and cryptocurrencies in the USA.

Related – 200 crypto exchanges are in danger of being shut down

This event, It marks an important development from the Congressional approval of bills related to cryptocurrencies.. It will ultimately affect the status of all digital assets, including cryptocurrencies.. This bill will help work to bring clarity to regulatory uncertainties about the status of cryptocurrencies.. The stance of the government on the central bank digital currency (CBDC) will also become clear.

The “Removing Barriers to Innovation Act of 2021” was introduced in March by Representatives Patrick McHenry (Republican National Committee) and Stephen Lynch (Massachusetts District).. So far, other bills have been submitted to Congress regarding the regulatory framework of cryptocurrencies.. But for the first time “H.R.. 1602” was the bill approved by the Senate.

The Digital Chamber of Commerce Chief Policy Officer Amy Davine Kim says that for the first time, parliament has given the green light to a bill that will clarify regulations on the state of digital assets and cryptocurrencies.

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The bill envisages the establishment of a working group between the SEC and the CFTC that will be tasked with establishing a joint working group. This working group also includes fintech firms, financial firms, academic institutions with research qualifications in digital assets and cryptographic science, small and medium-sized enterprises that leverage fintech, investor protection groups, and commercial or non-profit organizations that have worked to support underserved businesses in the past.

Given the global nature of the crypto industry, the working group will be tasked with drafting policy recommendations to improve the current regulatory environment in the United States and extending these policies to international relations.

Source

Vipe is a cryptocurrency wallet, cryptocurrency exchange and payment/receiving platform for users. Has its own cryptocurrency asset. This crypto asset, called Vipe and using the abbreviation VPE, is limited to 100,000,000 units.. 1 Vipe can be split up to one million. 0.000001 Vipe as a result of this transaction is named ‘Vip’ with its smallest unit. (1 Vipe = 1,000,000 Vip, 1 Vip = 0.000001 Vipe) Unlike many cryptocurrencies, Vipe operates with a centralized structure.. This provides its users with a center where they can be contacted in case of any loss or problem with their Vipe assets.

Vipe does not use Bitcoin or Ethereum infrastructures.. In other words, it is not affected by the high volatility price changes of Bitcoin and Ether.. Vipe has many advantages over its peers in terms of the features it offers.

These features can be briefly listed as follows:

Vipe wallet

Vipe, IOS and Android mobile wallet In addition to its applications, Vipe user interface, which can be accessed from any device via internet browsers, has an advanced panel where all transactions such as transfers, transactions between assets and user transactions can be made.. Users can perform all their transactions 365/24 on the official Vipe website or via mobile applications.. Vipe wallet can also be used as a Bitcoin and Ether wallet.. In addition to Vipe, users will be able to host Bitcoin and Ethereum in their Vipe wallets and transfer these cryptocurrencies.. Vipe users can always transfer Vipe (VPE) assets in their wallets instantly and completely free of charge.. Users are also given the opportunity to transfer BTC and ETH assets in their wallets free of charge.. In other words, a user with Vipe in his wallet can easily convert Vipe assets to Bitcoin or Ether.. While these conversions are being made, Vipe offers its users much more advantageous rates than any other cryptocurrency exchange in the market, and if Vipe (VPE) is selected as the asset to be paid for these transaction fees, the transaction fees will be charged to the user with a 50% discount.

Vipe exchange

In addition to the wallet it owns, Vipe also offers its own cryptocurrency exchange called ‘vipeex’ to trade more cryptocurrencies.. Vipe users do not need to take any extra action for registration on this exchange.. A user who is a member of Vipe can also use this membership on Vipeex.com. You can see and trade crypto assets that your wallet also sees on the stock market at the same time.. Among the services offered by this exchange, the 50% discount for VPE payments, which is available in the Vipe Wallet, applies to the transaction fees collected when converting between assets.

Vipe payment systems

Vipe It also offers a service that makes it easy to receive payments in cryptocurrencies for sales.. Through this payment infrastructure, sellers can receive payments from their customers in Vipe (VPE), Bitcoin (BTC) or Ether (ETH), and they can also convert their payments to another crypto currency they want in Vipe Wallets or Vipe Exchange.

VipeCard

Another innovation brought by Vipe is the card feature.. Users who have this card, called VipeCard, can make payments in all workplaces with POS devices and online shopping, and withdraw cash from ATMs all over the world, without any additional transactions, with the crypto money in their wallets.. In summary, if a user who has Vipe, Bitcoin or Ether in his wallet uses VipeCard for a spending he has made, if this amount is equivalent to crypto money assets in his wallet, the payment will be made by converting it to the local currency of the place where the spending was made, and the transaction will be realized.

Why should you invest in Vipe?

Today, almost all cryptocurrency users use Bitcoin and Ether.. For this reason, almost all of the market is trading with these two cryptocurrencies.. Vipe is a payment/receiving, cryptocurrency wallet and a cryptocurrency exchange platform developed for all crypto money users, especially Bitcoin and Ether users.

The difference of Vipe from many other coins and altcoins is that it It focuses on facilitating the use of coins in daily life and providing users with all the advantages of cryptocurrencies in direct proportion to the potential they have under reasonable conditions.

As with all investment instruments, the value of a crypto currency is in line with the supply of that cryptocurrency is proportional. For this reason, Vipe is a few steps ahead of its peers.. – Bitcoin and Ether users have to pay for the BTC and ETH transfers they make, the costs charged by the so-called ‘miners’ for performing and confirming the said asset transfers. However, Vipe users can always send all Vipe transfers instantly and free of charge, and they do not pay for BTC and ETH transfers.. The prerequisite for this is that users have Vipe in their wallets.. In other words, Bitcoin and Ether users should always have an amount of Vipe that they can transfer/spend unconditionally with a much lower cost
in order not to incur costs.. This will also contribute to the market supply of Vipe in a very positive way.

– 15,000,000 units at $0.25, 20,000,000 units at $0.3, and 25,000 at $0.4 in pre-sale of Vipe. 000 will be offered for sale.. After the sales are over, the Vipe stock market value will be $ 0.5.

– Vipe is in talks with popular e-commerce companies so that users can shop comfortably and securely online.. In this direction, provided that it is also valid in Turkey, users will be able to shop and spend online with their Vipe.. This adds added value to Vipe and creates supply.

– No expense is paid for sending Vipe assets owned to another user.. This encourages users to convert their crypto assets from their Vipe wallet to Vipe and send them.. This again creates a supply for the purchase of Vipe.

– One of Vipe’s near future goals is to offer card features to its users.. With this card, users will be able to use their Vipe, Bitcoin and Ether assets in their Vipe wallets to make payments in all workplaces with POS machines and internet expenses in their daily lives, and withdraw money from ATMs all over the world.. For example, a user who has 10.000 Vipe and 1 Bitcoin in his wallet will be able to pay 1000 TL of physical spending with VipeCard.. At this point, based on the query from the point where the transaction is made, if the crypto currency asset corresponding to the amount to be paid is in the user’s account, the Vipe, Bitcoin or Ether assets payment transaction will take place at the instant rate.. This process takes place in seconds and users do not need to make an extra cashback for Vipe, Bitcoin or Ether.

Official website for system operation, pre-sale dates and all detailed information: www.getvipe.com

Facebook, Twitter: facebook.com/getvipe – twitter.com/getvipe

Disclaimer: This post is a sponsored whitepaper. Uzmancoin has no affiliation with the product or service on this page. Uzmancoin cannot be held responsible for the risks that may arise from the product or service on this page.. What is written here does not constitute a recommendation.

The effects of the $25 billion loss in the cryptocurrency market volume continue. Changes in Bitcoin and XRP prices are changes that the market has seen for a while and are not used to seeing. The fact that 25 billion dollars of change was experienced as a loss from a place where the market volume changes by 10 billion dollars a day, and the fact that these losses continue to bring some comments that they will not stop, causes confusion in the market.

The latest developments regarding Bitcoin. While investor comments are in favor of the fact that the future expectation after $ 5,400 will be at $ 3,500, investors think that this is a sad aspect and that after the decline to $ 3,500, it is possible for the market volume to decline to lower levels with the increase in sales.

Loss It will be recovered

The $25 billion market cap loss will be recovered after a while. Since the changes in the market volume are seen as ordinary and normal changes, such falling and rising changes are extremely normal. What is considered as what should not be is about when price drops can return itself to the old times.

According to the European Central Bank (ECB) board member, “Bitcoin” needs to be regulated and even taxed.

President of the Austrian Central Bank Oesterreichische Nationalbank Ewald Nowotny said in an interview with the German newspaper Sueddeutsche Zeitung that everyone involved in a financial transaction should be clearly identified under the value-added tax (VAT).

The banker has potential uses in money laundering, according to the Daily Mail. Here’s what they said about their concerns:

“To combat money laundering, we have decided to stop printing 500 euro notes. We set up strict rules at every little savings club, and then we started watching people carelessly launder money with Bitcoin around the world.”

Nowotny‘s comments, ECB board member Benoit Cœuré told Caixin Global that Bitcoin is very new and is a bubble. Like his Austrian peer, Cœuré emphasized that one of the main problems plaguing Bitcoin is related to tax evasion and money laundering.

Both bankers declared that Bitcoin is not a currency. Cœuré added that investors will not be able to use it as a payment instrument. The technology is still too young for meaningful application, as central banks around the world are figuring out how to use distributed ledger technology to update or replace their existing financial systems, the official said. .

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We woke up with Elon Musk’s tweet again and learned that Tesla sold 10% of the BTCs it held.. We have 2 more important news based in the USA. Details are in our news.

We have 2 important news about Bitcoin from the USA!

The first news is the USA-based company Camping World Came from Inc.. The famous business has announced that it will join the caravan of companies that accept Bitcoin, such as Tesla.. Now camp lovers and vacationers who want to rent a caravan will be able to make Camping World payments in Bitcoin and various cryptocurrencies.

Camping World Inc., which has an agreement with BitPay. They stated that they will accept payments through a group of cryptocurrencies, especially Bitcoin and Ethereum.

CEO Marcus Lemonis, announced that Tesla would accept payments via Bitcoin in the past months, which was quite popular on Wall Street. He said he was surprised. Lemonis emphasized that the Tesla decision also encouraged his own expansions.

Please See: Shock development about the Bitcoins Tesla bought!

Our second news is from the USA-based Gemini Exchange. The exchange announced that it will issue a crypto money card by developing a partnership with MasterCard last January.. It has been announced that the Gemini cryptocurrency card supported by MasterCard will be used in 50 states in the summer.

US consumers using Gemini-MasterCart for their shopping will be able to receive a bonus payment of up to 3% in cryptocurrency for their spending.

Over 30 cryptocurrencies are listed on Gemini exchange. These cryptocurrencies will be used as normal currency in the real economy thanks to Gemini-MasterCard.. In addition, US cardholders will be able to receive bonus payments between 3% and 1% depending on various product categories. The two developments mentioned above will also contribute significantly to the spread and adaptation of Bitcoin and cryptocurrencies.

Source 1, Source 2

International banking giant HSBC bank is seen close to testing Blockchain in live transactions, according to Global Trade Review reports. reported. The move was announced during a special press conference earlier this week.

HSBC bank will launch pilot programs

HSBC senior innovation manager Joshua Kroeker said the program has been running for two years and is testing blockchain usage. Kroeker, who successfully completed the process, said:

We are at the point of finishing the process for our customers to take part in live transactions in the coming weeks and months. Technology has come a long way; we are much more comfortable in terms of security and scalability.

Kroeker noted that many of HSBC’s customers are in the process of digitizing their operations, but many are having difficulties.

This product is a pilot

The bank is currently integrating customers into its pilot programs. Kroeker said that if they prove successful, the projects will be fully implemented into their live environment, but this step will require additional work on both the implementation of the Blockchain and the network.

The plan, according to GTR, is to launch a live Blockchain network in early 2019.

Coindesk

The US Dollar is experiencing the biggest annual decline since 2003, and the dollar is expected to end 2017 with a three-month low against other major currencies such as the Chinese Yuan and Japanese Yen.

Separating Government and Money Affairs

While the situation may seem rather unsavory for the dollar, Bitcoin, the largest digital currency with a market cap of $220 billion, saw a 1.234 percent growth in year-on-year value in other currencies such as Ripple, Litecoin and Dash.

Some analysts, such as Chris Gaffney, the head of EverBank’s World Markets, told Reuters that the dollar value will continue to decline throughout 2018. and they said there is no sign of recovery in the short term:

“Dollar will face more headwinds in 2018. The Fed won’t do the throttle job alone.”

Exante Data CEO Jens Nordvig told CNBC that it’s normal for many analysts to see improvement on the horizon after such a massive loss in value. This time, he said that many analysts did not think very positively about the US Dollar.

Referring to the huge growth in the global economy and important factors such as China, Nordvig made the following comment:

“There is a negative impact on the dollar. We have thoughts that this is unusual given that interest rates are going to rise quite rapidly.. It became very strong before January, and the fact that global growth is very strong is also a factor.”

Some longtime crypto investors, some researchers believe that the emergence of cryptocurrencies as a new asset class is a factor in the devaluation of government currencies around the world. They believe it had an effect on the decline he experienced.. Because cryptocurrencies separate the state and money affairs.

Governments have had absolute sovereignty over the monetary system for decades.. Especially when it comes to the state’s own money, the control and dominance of governments increases because they can control the supply of that money.

In November, ShapeShift CEO Erik Voorhees experienced growth in Bitcoin’s market value, user base and user mobility. He attributed his survival to Bitcoin as a decentralized currency and store of value, providing an alternative to the state-run economic system.. Voorhees:

Why does Bitcoin keep growing? Because it’s time to separate money and state.

— Erik Voorhees (@ErikVoorhees) November 28, 2017

“Bitcoin Why does it keep growing? Because now is the time to separate the government and money.”

To add some criticism to the above statement, Voorhees also emphasized that the short-term price bubbles in the Bitcoin and cryptocurrency markets are caused by greed.. However, Voorhees stated that the long-term price increases are driven by the demand for a state-independent economic system.. Voorhees:

“Short-term price bubbles are all speculation, I agree. But the long-term increase in value and price is driven by the core benefit of the non-state economy.”

Most Important Chart

Earlier this month, Zerohedge released the “Most Important Chart in the World” published a chart with the name. This chart shows the depreciation of the US Treasury since 1987.. Except for 2014, Bitcoin has been growing continuously since its inception, while the US Treasury has been in decline for more than 30 years.

As a result, analysts have begun to review long-term bubbles in the traditional economic sector.. Analysts are also asking the question of how right it is to describe a nascent asset like Bitcoin as a bubble, when traditional assets that have been on the decline for decades and perhaps these are the real bubbles.

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With the end of the year approaching, many eyes are on Bitcoin.. However, in recent months, Bitcoin has maintained its horizontal course and traded at 6000 – 6800 dollars.. A new dangerous situation is on the agenda for Bitcoin, which has seen below $ 5900 after the last price drops: Death Cross.

The event called Death Cross was experienced before in 2014 and after the event, Bitcoin reached up to 80 percent. losses have been observed. At the point reached after the last drop today, the danger of Death Cross came to the fore again.

What is this Death Cross?

In summary, Death Cross indicates that the short-term price average on a price chart is higher than the long-term price average.

As seen in the graph, the 50-day price average is below the 200-day price average, as seen in the previous situation in 2014.. After that, BTC, which was traded at $1200 at that time, seems to have regressed to $200.

What is the current chart?

Today, 3-day BTC/ When we look at the USD chart, we see that the 50-day price average is about to fall below the 200-day price average.. Analysts state that larger decreases are expected in case of this situation.

While there may be many reasons for the current market’s sharp decline, the biggest reason is the Bitcoin Cash hard fork.. In addition to the analysts who expect the price to drop seriously, there are also those who think that there will be serious increases until the end of the year.. We will wait until the end of the year and see how the price will take shape.

Disclaimer: What is written in this article is definitely not an investment advice.. Cryptocurrency investments are one of the investment instruments with the highest risk value.. Each investment is the individual’s own responsibility.. Bitcoinsistemi.com does not accept any responsibility in case of profit or loss.

India’s Ministry of Finance said on Friday that Bitcoin and other digital currencies are “like ponzi schemes” and that investors should be extra cautious when investing in these currencies. The ministry said in a statement that there is a real and high-risk investment bubble similar to ponzi schemes in the cryptocurrency market.. In such a “bubble” situation, the long-awaited and sudden “collapse” may cause all investors, especially retail customers, to lose the money they have earned.

Part of the explanation is as follows:

“There is a real high-risk investment bubble, similar to ponzi schemes, which is long-awaited and can come on suddenly, causing investors, especially retail customers, to lose all their hard-earned money.. Consumers need to be vigilant and as cautious as possible in order not to fall into traps in such Ponzi schemes.”

The government of India still has not brought a legal regulation covering the digital currency market, but to investigate what regulations can be brought to the government sector and the sector.

Members of the established committee include the country’s central bank and the Reserve Bank of India (RBI).

Despite this latest warning, the country’s finance ministry has not yet imposed a collective ban on digital currencies, nor has it taken measures to hinder the spread and trade of digital currencies in India. .

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A week after the price of Ripple’s cryptocurrency XRP crossed the $1 mark for the first time in history, the price of the cryptocurrency started to rise again, rising by 34%.

Ripple’s open-source RippleNet at the time of writing The money used in the cryptocurrency network is worth $1.79. This value is almost double the price of Ripple last week. The increase experienced by Ripple, which has been at a price of $ 0.20 for more than the past six months, has been good for its partially stable market for a long time.

As a result of the increase, the market volume of XRP It is chasing the market volumes of Ethereum and Bitcoin, according to CoinMarketCap data. With a value of $72 million, XRP has managed to become the third largest coin in the cryptocurrency market based on market cap.

According to the data, most of the increase in price today is 09:01- It originated between 15:00 hours. Ripple is up 14.43 percent in the last six hours in these time zones.

Another thing worth noting, the majority of XRP’s 24-hour trading volume came from South Korea-based exchanges.

According to CoinMarketCap data. Three South Korean exchanges Bithumb, Coinone and Korbit are responsible for 31.5%, 7.3% and 2.07% of XRP’s worldwide trade, respectively. In addition, more than half of the trading transactions within these three exchanges are focused on Ripple. It is thought that this move by South Korea was made to reduce speculation in the crypto money market in the country.

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