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The biggest drop in mining difficulties makes BTC mining more advantageous than BCH / BSV
In a simple form you can put it this way. When the price of the Bitcoin sinks is, of course, the profitability of Bitcoin mining. As a result, the hash rate will decrease which makes the network less performing. To counteract this effect, Bitcoin's difficulty adapts to reduce Bitcoin expenses. An adjustment of the difficulty in Bitcoin occurs every time the 2016 blocks have been extracted. The current decline from 7,455 T from the beginning of October to 6,194 T at the beginning of December is the biggest drop in difficulty ever recorded in Bitcoin. However, in relative numbers, it is only the second largest drop with a 15% decline. In 2011, the extraction difficulty decreased by about 18%.
Plans of South Korea that impose taxes on ICOs of cryptocurrency
South Korea has one of the most vibrant cryptocurrency markets in the world. The government is planning to work out a framework for taxing cryptocurrency ICOs. The appointed finance minister, Hong Nam-Ki, has revealed that the government is creating a fiscal policy that will allow it to offer the first cash coins. Nam-Ki revealed this when he answered a question about the taxation of cryptocurrencies in one of his written responses to the South Korean national assembly.
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The Beijing financial chief gives a negative signal to the STO
The head of the Beijing municipal finance office, Huo Xuewen, has signaled that the STOs (Security Token Offerings) will not be allowed in China. STOs are an alternative to a traditional IPO. However, they are regulated by an official financial authority. For example, the SEC in the United States. They cost much less than an IPO and customers can exchange their shares much faster than before. An STO offers potentially more liquidity than an IPO. The head of the Beijing Municipal Finance Office, Huo Xuewen, reported that companies that are interested in conducting the STO. The People & # 39; s Bank of China banned the ICOs as early as 2017.
Department of Homeland Security Researchs Tracking Privacy Coin Transactions
According to a document from the Department of Homeland Security (DHS), the governmental institution is interested in the possibility of tracking transactions in private currencies. The document explicitly names Zcash and Monero. But it also notes that other coins with similar characteristics may be with a relatively low effort. DHS states that such private currencies could be used to develop criminal activities. According to the document, there are several ways to address the analysis of a blockchain and may also include the analysis of available off-chain data.
Midex will launch the first Euro-Crypto exchange
Midex has announced that it will launch the first Fiat-Crypto exchange regulated by the EU. While other exchanges such as Bitstamp which has its headquarters in Luxembourg have been trading in dollars for several years. There has never been an exchange that directly offered cryptocurrency exchanges in EUR pairs. Midex is based in Estonia and has partners in China. The exchange will offer many common ways to deposit and withdraw money from Fiat.
