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The G20 countries agree to regulate cryptographic activities
United States to perform forensic analysis of Monero and Zcash
ASIC miners were dumped in China after the collapse of Bitcoin prices
During the recent hard-fork of Bitcoin Cash, ABC field winner Roger Ver tweeted: "Nobody wins a war, some lose less than others." Roger had campaigned to support Bitcoin Cash, while the bitcoin SV coin from forked coin has lost the war.
Ver was right, the bitcoin SV with a strong fork is currently trading at $ 103, about a dollar higher than Bitcoin Cash.
The cryptocurrency market, which was once about $ 1 Tn, has now fallen to around $ 100 billion in the face of extinction.
The downward spiral of bitcoin prices has not dampened the spirits in the world of cryptocurrencies. Reportedly, the Nasdaq ventures and the fintech giant Fidelity Investments have invested in a cryptocurrency exchange that has recently raised $ 27.5 million.
Intel has patented a processing system using energy-efficient hardware that, if implemented, will help to significantly reduce Bitcoin's electricity costs.
The G20 countries agree to regulate cryptographic activities
The G20, the group of the 20 largest economies in the world, has agreed to introduce regulations on cryptographic assets (cryptocurrencies) to counter money laundering and financial terrorism.
The decision was taken at the summit of the G20 leaders held on December 1, 2018 in Argentina. The regulations must be in line with the recommendations of the Financial Action Group (FATF).
In his statement to the joint press, he said: "We will regulate cryptographic assets for money laundering and fight terrorist financing in line with FATF standards".
The G20 countries including the major economies – India, China, the United States, the United Kingdom and the EU – agree that international cryptographic standards are essential for sustaining sustainable growth. And that member countries will continue to commit to the full, timely and coherent implementation and finalization of the agreed financial reform program and the evolution of its effects.
United States to perform forensic analysis of Monero and Zcash
The US Small Business Innovation Research Program (SBIR) Homeland Security has now published a pre-solicitation paper stating that the US government is looking for ways to use blockchain forensic analysis for privacy-focused cryptocurrencies like Zcash and Monero, reported a cryptographic website & # 39; block & # 39;
According to the proposal, while the privacy features are desirable, there is likewise an irresistible interest in tracing and understanding illegal blockchain transactions and actions.
The SBIR program intends to design a blockchain analysis ecosystem to forensically analyze transactions on Zcash and Monero for national security and law enforcement applications.
Not long ago, Inc42 He had previously reported, as the US agencies, in particular the National Security Agency (NSA), have been deeply involved in Bitcoin transactions. In fact, a part of the technology used in the Bitcoin invention was borrowed from the NSA own codes.
ASIC miners downloaded to China after the collapse of Bitcoin prices
With Bitcoin values falling more than necessary to extract them, the entire ASIC mining (an application-specific chip used for Bitcoin mining) hit a roadblock. Chinese cryptocurrency miners are now unloading their ASIC or selling it at dumped prices, according to reports.
A recent video circulating on social media has shown that cryptographic miners sell their ASIC as waste.
What is Petro Upto?
The determination of the value of the cryptocurrency was different from the legal currencies in terms of the equation of demand and supply. In the case of most cryptocurrencies, supply is limited, while demand varies.
However, with the cryptocurrency of Venezuela, Petro, it is completely at the discretion of the country's president Nicolas Maduro.
Venezuelan President Nicolas Maduro announced that Petro's price has been increased from 3,600 bolivars to 9,000. This announcement comes at a time when there is almost no international bag or wallet that Petro offers on their platform.
In other news, the fact that Bitcoin and the entire cryptocurrency market has been at a minimum for the last two years did not deter hackers from implementing "cryptojacking" attacks.
According to a market report, globally, 415K routers are still compromised and cryptographic malware installed.
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