Home / Cryptocurrency / Crypto This Week: Legalization of cryptocurrencies in India, participation of institutional players in 2019 and more

Crypto This Week: Legalization of cryptocurrencies in India, participation of institutional players in 2019 and more

.

LEGALIZATION OF INDIA CRIPTOCURRENCE

The Indian government may be about to legalize cryptocurrencies, but with severe measures attached. According to an article published Wednesday by the New Indian Express, an interdisciplinary committee set up by the government in April 2017 to investigate cryptocurrencies, is not in favor of a real cryptographic prohibition that was recommended by the commission in October.

An unnamed official who attended the committee meetings said that he had already held several meetings in which they agreed that cryptocurrencies can not be canceled as completely illegal. He went on to say that the deliberations are still ongoing regarding the direction to be taken.

"We have already had two meetings, there is a general consensus that the cryptocurrency can not be dismissed as completely illegal, it must be legalized with strong pilots.

The second iteration of the group is scheduled for February 2019 with a new solution to be presented to the country's Ministry of Finance. It remains to be seen, if the current situation will change in the coming months.

OTHER INSTITUTIONAL PLAYERS IN 2019

Join our group of Telegrams

Henri Arslanian, Asia fintech and crypto leader of PricewaterhouseCoopers (PwC) Hong Kong, predicted that many institutional actors will enter the cryptography industry in 2019.

Asked about his thoughts on the criptos for the coming year, Arslanian stated that "there are many exciting things that the cryptography ecosystem does not see the time coming in 2019". He went on to state that he expects the next year to be different from 2018 due to increasing regulatory clarity. Arslanian has also stated that he expects the industry to experience "institutional-level skills that will allow" many other big banks "to enter the crypt space, some by launching their own solutions, others by collaborating or investing in cryptic societies.

Statements have been made by the main institutions, in support of Arslanian's statements. For example, the Nasdaq, the second largest stock exchange in the world, has confirmed its plans to launch Bitcoin futures in the first half of 2019.

CRYPTO MARKET ANALYSIS

The cryptocurrency market seems to be hurt again and continues to bleed. Most cryptocurrencies are struggling to support the growth we witnessed last week. Bitcoin [BTC] – took another hit, the world's largest cryptocurrency fell under the $ 4000 mark. On the other hand, Ethereum [ETH] it slipped a little bit on December 25 after a 19.26% growth in the last week. At present, the third largest cryptocurrency by market capitalization has again fallen by 7.54% in the last 24 hours.

As for the rest of the altcoins they are all in red except for TRON, the tenth largest cryptocurrency by market capitalization with around 0.92% in the green in the last 24 hours. The market capitalization of the general market is $ 127 billion with a volume of 24 hours on $ 15.8 billion while Bitcoin [BTC] still has a dominant position on the market of 52.1%.

And this week's launches, Weave and Ternion

Weave (WVR)

weaving It was created to promote the latest and greatest virtual reality content to as many people as possible. They created the only completely independent app store within the ecosystem and the virtual and augmented reality community. Weave is airdropping type up to 100 WVR chips equivalent to $ 10 to airdrop participants. The current chip price is 1 Weave equal to 0.10 USD and will last until 1 January 2019.

How to join the Weave Airdrop?

1. Register for the Weave Airdrop.
2. Join Weave on Telegram.
3. Follow Weave on Twitter.
4. How to Weave on Facebook.
5. Send your details to the airdrop form.

Ternion (TRN)

ternion aims to build a reliable bridge to connect modern financial realities with blockchain-based financial systems of the future, creating a tangible path to financial encrypted innovation. Ternion Airdrop is worth up to 2 TRN coins the equivalent of $ 7 to the first 5,000 participants. Share your referral link to earn 0.2 token TRN equivalents of $ 0.65 per referral. The ICO price is 1 TRN equal to 3.25 USD.

How to join Ternion Airdrop?

1. Go to the Ternion Airdrop module.
2. Register for the Ternion platform.
3. Join Ternion on Telegram.
4. Follow Ternion on Twitter and Like / Retweet.
5. Follow Ternion on Facebook and Like / Share.

Source link