During the last sessions, trades on major currency pairs are quite active. At the same time, a unidirectional
trend is not observed.
This week a large number of important economic reports and news were published. Trades on major currency pairs
are very active.
On Saturday, September 29, 2018, the London Block Exchange (LBX) announced the launch of a stablecoin pegged to
the pound sterling in a 1:1 ratio.
A group of large banks and trading firms will soon launch an open trading platform based on the blockchain
system, with the help of which the contracts for commodities supply, from oil to wheat, will be concluded.
The last session of trading on major currency pairs are very active. At the same time, a unidirectional
This week, a number of important economic reports from the US will be published, which will have a
impact on the dynamics of currency majors in a short term.
The venture company Morgan Creek Digital Assets together with Bitwise Asset Management are launching a new
cryptocurrency index fund called the Digital Asset Index Fund, aimed to attract institutional investors
to enter the digital assets market.
Brothers Tyler and Cameron Winklewoss, the founders of the Gemini digital currency exchange, announced the
establishment of the Virtual Commodity Association (VCA), which will fight fraud in the field of
Last week, the Statistics Canada released optimistic inflation data that supported the Canadian dollar. The
USD/CAD currency pair moved down and updated local extremes.
Ripple intends to enter the Chinese market with their distributed ledger technology (DLT), which is designed
accelerate international payments.
Shinhan Bank, the second largest bank in South Korea by assets, announced that it entered into a contract
KT, South Korea's largest wired and wireless telecommunications provider, in order to create a new platform
based on the blockchain technology.
The GBP/USD currency pair is still showing negative dynamics. This week, the pound has updated the annual
and approached the $1.29 mark.
The Bank of Thailand has allowed local commercial banks to engage in cryptocurrency activities on the
that these banks will get a permission from the Securities and Exchange Commission of Thailand (SEC).
The leading digital wallet Skrill has added an opportunity to buy and sell cryptocurrencies. So far,
transactions can be made with such cryptos as Bitcoin, BCH, Ether and Litecoin.
The US Patent and Trademark Office (USPTO) approved the patent of the Mastercard financial corporation for a
method that will reduce time of processing cryptocurrency transactions through bank cards.
As it became known, the US President Donald Trump, together with the US Department of Justice, signed an
executive order to protect consumers from crimes related to cryptocurrencies.
Last week, the US dollar index (#DX) moved away from annual highs and moved to a decline. The trade conflict
between the US and China is still in the focus of attention.
As it became known, a coalition of 9 European banks has tested in real time a blockchain platform for
transactions called we.trade. During the week, 10 companies made several trade transactions through 4
Chinese technology company Tencent is teaming up with the Chinese government to create China Blockchain
Alliance. The new alliance will fight the security problems associated with the use of blockchain
On the GBP/USD currency pair, bearish sentiments are still prevailing. Over the past two months, the pound
weakened against the US dollar by more than 7%.
A special government commission of India opposed the ban on digital money. It should be recalled, that two
months ago, the Reserve Bank of India (RBI) denied banks and controlled institutions from providing services
The Securities and Exchange Commission of Thailand has published a set of rules for the regulation of
cryptocurrencies and ICOs. These measures were approved at the regulator's meeting on June 7 and are
come into force later this month.
The key event this week will be a report on GDP of Japan, which will be published this Friday (02:50 GMT+3).
The National Assembly Standing Committee of South Korea proposed the cancellation of the ban on holding
On May 14-16, New York hosted the largest event in the world of digital currencies and Blockchain –
Consensus 2018. The conference was attended by 250 speakers and experts, and the number of visitors reached
From the middle of April, the dollar index (#DX) has been showing a pronounced upward trend. During this
the US dollar has strengthened against the basket of world currencies by more than 4.5%.
Bloomberg, in conjunction with Galaxy Digital Capital Management LP, a company managing cryptocurrency
led by Mike Novogratz, have launched the Bloomberg Galaxy Crypto Index (BGCI).
During the last three weeks, the GBP/USD currency pair is the most active and volatile. The pound weakened
against the US dollar by more than 5%.
South Korea seeks to stop issuing paper money, but instead switch to non-cash transactions and electronic
under the scope of the cashless society project.
Since the beginning of this week, the US dollar has continued to strengthen against the basket of world
currencies. The dollar index (#DX) reached a two-month high.
Last week the GBP/USD currency pair showed the greatest activity and volatility. The pound was under
due to the release of weak statistics on retail sales, consumer prices and the labor market of the UK.
The leading global telecommunications and smartphone provider Huawei is going to launch the new
blockchain-as-a-service (BaaS) platform based on Hyperledger.
During last sessions, volatility and trading activity in the financial markets has grown significantly.
all, this is due to the growing geopolitical risks and the strained trade relations between the US and
Banco Santander, the largest financial and credit group in Spain, has introduced a system for making
international payments based on Blockchain.
The Japan Study Group, which analyzes the risks and benefits of cryptocurrencies, presented a list of basic
principles for the regulation and legalization of ICOs in Japan.
Since the beginning of this week, trades on majors are very active. Participants in financial markets are
concerned about the risks of a trade war between the US and China.
On Tuesday, a press conference of the Reserve Bank of Australia will take place. At 07:30 (GMT+3:00) the
regulator will announce the decision on the interest rate.
The Bank of England (BoE) is testing a blockchain system that will affect the processing of payments. As it
became known, the central Bank of England intended to apply DLT to the RTGS mechanism.
On March 19-20, 2018, the G20 summit was held in Buenos Aires. At the last meeting, the issues of the
regulation and the position of cryptocurrencies in the world economy were discussed.
The news feed on the current trading week will be very eventful. The leading central banks will decide on
further monetary policies. A number of important statistical data will also be published.
The head of the central bank of Thailand Veerathai Santiprabhob reported on the development of a law on the
cryptocurrency comprehensive regulation.
During the last sessions, trading on major currency pairs is quite active. At the same time, a
trend is not observed. The dollar index (#DX) is in a sideways trend.
Since the beginning of this week, trading on major currency pairs is very active. The threat of a trade war
continues to put pressure on the American currency.
From the beginning of February 2018, there has been a pronounced upward trend on the USD/CAD currency pair.
During this period, the Canadian dollar has weakened against the US dollar by more than 4%.
Malaysian officials do not intend to make peace with the crimes and send its local police on the training
courses for investigating cyber crimes,
where police officers will sharpen their skills to combat digital currency fraud.
Recently, the Autorité des Marches Financiers regulator has announced that it is going to prohibit
and any form of advertising of crypto derivatives.
The regulator intends to test the xCurrent technology solution from Ripple, which promises to improve the
payment infrastructure and
enable the instantaneous implementation of cross-border transactions.
The whole world pays much attention to the cryptocurrencies and their increasing influence on the economics.
Antoine Martin and Michael Lee, the NY Fed economists, keep an eye on bitcoin as well.
These new rates will drive the most wealthy cryptocurrency traders to move to another country.
The National Tax agency has increased the price tag for crypto trading.
Since the beginning of this month, the bearish sentiment has been prevailing on the GBP/USD currency pair.
The pound weakened against the US dollar by more than 2.5%.
According to Steve Strongin, an expert at Goldman Sachs Group Inc., the vast majority of the
will hit zero.
We thought for ages what will the South Korea do to the cryptocurrencies, but finally they restricted its
So, let’s try to think about what does this mean for the market of cryptocurrencies.
The Chinese government banned the display of advertising or sponsorship content associated with Bitcoin and
other cryptocurrencies in social networks and search engines.
Last week, the GBP/USD currency pair held the key offer zone of 1.42750-1.43400, which caused a correction
Demand for the US dollar increased significantly after the publication of an optimistic report on the labor
The US dollar recouped some of the losses after a significant drop since the beginning of this week.
Demand for the US currency rose after the Fed's meeting.
Samsung started producing chips for mining cryptos, as local media says.
The giant manufacturer created the plan for this project in 2017, and the general production began in
On January 26, hackers cracked one of the largest crypto exchanges of Japan CoinCheck and stole more than
NEM tokens from the accounts of 260,000 clients.
The euro continues to strengthen against the US dollar. The EUR/USD quotes have reached a three-year high.
Yang Dong held a speech during the Southeast Asia blockchain summit on January, 19.
He announced that there wouldn’t be any ‘blanket ban’ on ICOs and cryptos in China any more.
Since the beginning of this week, GBP/USD has stabilized near the key resistance of 1.4000.
At the moment, investors have taken a wait-and-see position.