Cryptocurrencies: Russia publishes a whitelist of crypto companies

Summary:

• “Go”, a board game, will have a blockchain version

• Russia has got a new whitelist of crypto companies

• A lot of South Africans want to invest in cryptocurrencies  

Cryptocurrencies are trying to pare the last week’s losses. Over the weekend major virtual currencies were quite rapidly increasing. The capitalization of the whole market sits a notch above $255 billion while the capitalization without the most famous cryptocurrency stands above $145 billion. An interesting news comes from Russia where a new whitelist related to digital currencies has been created .

Firstly, let’s focus on a new game idea. A well-known board game called “Go” gets a new blockchain version. Lee Sedol, one of the game’s most renowned players, announced that he is working on a modern version of “Go”. A game named GoBlock will be released in cooperation with Korean blockchain company. Sedol wants to use a blockchain technology to create a new system of awards and benefits. GoBlock will be created on the Ethereum network. It is not a first game idea related to Ethereum coin. Thus, Ether becomes more and more of a “gaming coin”.

BITCOIN recouped a part of its losses. A digital currency is trading around $6320 handle at press time. The coin is testing 8-period and 33-period moving averages (a yellow line and a purple line). A clear break of them could result in longer upward move. Source: xStation5

Russia, a host of this year’s World Cup, has developed a new list of trusted crypto companies. The Russian Association of Cryptocurrencies and Blockchain created this whitelist to limit cryptocurrencies frauds. Russians have lost over 4 million dollars due to frauds connected to digital currencies so far this year. The new list may reduce a number of similar abuses in the nearby future. Over fifty companies were placed on the list so far. Furthermore, Russian lawmakers announced a regulations in cryptocurrencies area, but they are yet to be developed.

LITECOIN is marching higher. The coin is trying to break an upper bound of its downward channel (an orange area). A strong surge could help spur upward sequence, but a pull back to the range of the previously mentioned channel may be looming in case bulls fail to dominate trading. Source: xStation5

Let’s move to the Africa! Lots of South Africans want to benefit from cryptocurrencies’ potential. According to Old Mutual’s survey, 38% of South Africans, who have been aware of digital currencies existence, would like to invest in cryptocurrencies. Cryptocurrency market of one of the largest African economies is constantly developing. A high number of potential investors can result from its popularity. On the other hand, 43% of them compared cryptocurrencies to the pyramid schemes.

RIPPLE, just like Litecoin, is approaching the upper bound of downward channel. The cryptocurrency sits a notch below $0.44 at press time. Source: xStation5