A lot of shaking events happened in the cryptocurrency market during the week. Be informed!

Why now? Bloomberg and some other media gave information that Bitfinex was called to court by the Commodity Futures Trading Commission as it propped up prices of cryptocurrencies by issuing a virtual currency Tether that was not secured. The interesting fact is Bitfinex received a court summon in December, but news appeared only now. It brings some thoughts.

🔊 Even more. Tether stopped cooperation with the audit company Friedman LLP. The official reason is the inability of the company to conduct an audit in a timely manner. Bad situation for Tether because of the talks around unsecured tokens USDT.

🔊 More ban on cryptocurrency. Ads of cryptocurrency and ICO are banned on Facebook and Instagram. The aim of it is to protect users from scam. However, the ban is supposed to be canceled soon after good offers are filtered from the bad ones.

🔊 No more anonymity. Bitfury Group announced a service Crystal for bitcoin-transactions tracking. Everyone will be able to identify suspicious transfers and addresses that may have been involved in illegal activities.

🔊 Delay. ICO KODAKCoin that was appointed on January 31 is delayed by several weeks because of huge numbers of applications (40000). Kodak takes time to check investors’ reliability.

🔊 El Petro will exist! The pre-ICO of the national cryptocurrency El Petro will be held on February 20. Emission of the cryptocurrency will be 100 million tokens: 38.4% is planned to be sold during pre-ICO, 44% – 1 month after, 17.6% will be kept on the account of the state administration on cryptocurrencies. The starting price is $60.

🔊 Japanese financial service company is going to inspect all crypto exchanges after the hack of Coincheck. Maybe it will help to prevent other thefts.

🔊 Is LiteMonero possible? The developer of Litecoin Charlie Lee and Monero Riccardo Spagni spoke about their plans to develop development a protocol for atomic swaps between two cryptocurrencies and combining of two teams.

🔊 Positive prospects at the end. The government of the capital of Taiwan and blockchain platform IOTA agreed on creating a “smart city” in Taipei. Firstly, they will introduce the ID technology TangleID for city residents.