Second market bitcointalk forum

A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum, and Tether to help you jump-start the day. Moneycontrol News. Bitcoin rose 0. Cardano rose 0.

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Content:

• Quantum computers and the Bitcoin blockchain
• Reply to Parliamentary Question on Crypto Asset Market
• Explore Glossary
• The Bitcoin Crash of 2021 Compared to Past Sell-Offs
• The SEC’s Regulatory Role in the Digital Asset Markets
• Bitcoin and Ethics in a Technological Society
• Regulating Cryptocurrency Secondary Market Trading Platforms by Kristin N. Johnson

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Quantum computers and the Bitcoin blockchain

Over the past several months, the world has witnessed an explosion of investment in notoriously volatile cryptocurrencies, causing distortion in the financial market.

Most recently, Dogecoin , a cryptocurrency originally started as a joke — jumped per cent and then plunged 30 per cent in just a month, and has risen 12, per cent overall this year. On the other side of the spectrum, Bitcoin recently crashed 50 per cent in just a few weeks. This begs the question: how did financial authorities allow cryptocurrencies to so suddenly make such a huge impact on the financial market? Cryptocurrencies are a digital, private, and partially anonymous currency.

Many are stored on a decentralised network known as a blockchain. They are not pegged against any real-world currency, and users can trade peer-to-peer without intermediaries. This means the value of cryptocurrencies is heavily determined by demand and supply, making them function somewhat like a commodity, rather than being used primarily for transactions like a traditional currency.

Ten years later, Nakamoto actioned this idea, creating Bitcoin. Despite being a financial product, cryptocurrencies are barely regulated.

This is a contrast to the highly regulated nature of the financial markets for traditional currencies, commodities, and stocks. She also raised similar concerns as the Managing Director of the International Monetary Fund, an international institution that is responsible for regulating the currency exchange market. While there is some appetite for regulation, little progress has been made. Some have raised concerns about the regulation of cryptocurrencies, arguing that it could introduce transaction costs.

Cryptocurrencies avoid these costs because they are traded peer-to-peer without the fees of intermediaries. Real-world currencies and stocks, which are regulated, carry a fee to be traded, collected by either banks or brokers. Another concern is that the regulation of cryptocurrencies will affect their value.

Unlike real-world currencies, cryptocurrencies cannot be devaluated by central banks, and some view this as one of their key assets. Cryptocurrencies are increasingly owned by retail investors — almost 20 per cent of respondents to an Australian survey said they own cryptocurrencies, and 36 per cent of institutional investors in the United States and Europe also said they own cryptocurrencies.

Like for any other financial products, regulators must protect the public — who often do not have the sophisticated financial knowledge to analyse these markets and make informed decisions — from losing large amounts of money, either by false investment projections, misleading news, or personal misjudgement. Of all those respondents who said they owned cryptocurrency in the last year, more than 20 per cent lost money on their investment. In such an event, government bailouts would be necessary to save an economy.

The government response to the Thodex incident suggests the weakness of an unregulated cryptocurrency exchange. Amid the ban, a second Turkish cryptocurrency exchange, Vebitcoin , collapsed.

Cryptocurrencies are also highly susceptible to negative externalities. Although ostensibly difficult to mine and free from the intervention from central banks and intermediaries, the supply of cryptocurrencies is not stagnant. Unlike real-world currencies, the production of cryptocurrencies is not controlled by a central producer. C onsidering these weaknesses of cryptocurrencies, regulation would be well worth it.

The huge gains offered by cryptocurrencies may sound alluring to public investors, especially during COVID pandemic, but the fact that they come from an unregulated market meant that there will always be big losers in the game, to the cost of everyone.

Life is full of risk. Government does not eliminate risk, it is a risk in itself. Intervention by government may sound good idea but you must remember that governments sct not in the public interest but in the interest of the highest bidder — usually one of the party sponsors. Corporates will gain, the security state will gain and the public will lose.

Governments must act on the growth of cryptocurrencies. Luther Lie. Share More Republish. More on this: The geopolitics of crypto-currencies. Back to Top Share More Republish.

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Reply to Parliamentary Question on Crypto Asset Market

It will also examine the accounting and regulatory, and privacy issues surrounding the space. Bitcoin , blockchain , initial coin offerings , ether , exchanges. Originally known for their reputation as havens for criminals and money launderers, cryptocurrencies have come a long way—with regards to both technological advancement and popularity. The technology underlying cryptocurrencies has been said to have powerful applications in various sectors ranging from healthcare to media. With that said, cryptocurrencies remain controversial. It will also examine the outstanding issues surrounding the space, including their evolving accounting and regulatory treatment. Cryptocurrencies are digital assets that use cryptography , an encryption technique, for security.

Explore Glossary

Cryptocurrencies are described by their fans as a people-powered revolution, digital banking unchained from the interests of the wealthy and powerful. This may well have been the original intention. But the modern reality is that almost all Bitcoin investors own less than one per cent of one Bitcoin. The top Bitcoin accounts own more of the currency than the bottom 38 million. In the crypto economy, businesses and wealthy individuals control currencies more actively than any central bank. They do so not to maintain the market, but to further their own interests. Through successive booms and busts, the price of Bitcoin has been manipulated by a handful of large players, using fake transactions, imaginary assets and sophisticated timing. In doing so they created real demand, as celebrities and financial institutions responded to the attention and encouraged millions of people to gamble money on a product they barely understood, in the hope that it would make them rich. The first Bitcoin bubble took place in , when people began trading the currency on an exchange that came to a messy end.

The Bitcoin Crash of 2021 Compared to Past Sell-Offs

In this article, we analyze the time series of minute price returns on the Bitcoin market through the statistical models of the generalized autoregressive conditional heteroscedasticity GARCH family. We combine an approach that uses historical values of returns and their volatilities—GARCH family of models, with a so-called Mixture of Distribution Hypothesis, which states that the dynamics of price returns are governed by the information flow about the market. Using time series of Bitcoin-related tweets, the Bitcoin trade volume, and the Bitcoin bid—ask spread, as external information signals, we test for improvement in volatility prediction of several GARCH model variants on a minute-level Bitcoin price time series. The process that is driving the rate of price evolution is proposed to be the information flow available to the traders. Due to the governing of the information flow, the number of summed price changes per observed time interval varies substantially, and the central limit theorem cannot be applied to obtain the distribution of price changes.

The SEC’s Regulatory Role in the Digital Asset Markets

An unusual confluence of bearish fundamentals caused all cryptocurrencies to fall Wednesday, but traders seem to be scooping up cheaper crypto, sparking something of a rebound. BTC was above the hour moving average and below the day, a sideways signal for market technicians. The total drop for bitcoin in the past 24 hours was ET , according to CoinDesk 20 data. However, BTC is trending back up.

Bitcoin and Ethics in a Technological Society

A daily round-up of the most interesting articles on cryptocurrencies to help you jump-start the day. Moneycontrol News. The decentralised finance DeFi cryptocurrency market cap increased 7. Stablecoins are tied to an asset - such as the dollar or any other fiat currency or gold - to stabilise their price. Bitcoin's market dominance rose to In rupee terms, Bitcoin fell over 1 percent to trade at Rs 28,95, while Ethereum fell 5 percent to Rs 2,00, Read more here. Brazilian financial services provider Dock said on Friday it will start using cryptocurrencies to process international remittances as it expands to Latin America and Europe.

Regulating Cryptocurrency Secondary Market Trading Platforms by Kristin N. Johnson

The Securities and Exchange Commission has until Nov. The SEC has delayed a decision on the application twice before, but now that a maximum day review period is over, they must decide. Crypto investors got their first splash of cold water earlier this year when Gensler spoke at the Aspen Security Forum on Aug.

Kelsie Nabben does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment. Bitcoin continues to trade close to its all-time high reached this month. First launched in as a digital currency , Bitcoin was for a while used as digital money on the fringes of the economy. It has since become mainstream.

Investing or trading Bitcoin only requires an account at a service or an exchange, although further safe storage practices are recommended. There are several things that aspiring Bitcoin investors need: a cryptocurrency exchange account, personal identification documents if you are using a Know Your Customer KYC platform, a secure connection to the Internet, and a method of payment. It is also recommended that you have your own personal wallet outside of the exchange account. Valid methods of payment using this path include bank accounts, debit cards, and credit cards. Privacy and security are important issues for Bitcoin investors.

Open access peer-reviewed chapter. Edited by Tiago M. Bitcoin came into existence as a peer-to-peer payment system for use on online transactions. This innovation and its underlying technology, the blockchain, have been at the root of a change of paradigm, as the joint use of blockchain and artificial intelligence AI seed the next technological revolution.