Dukascopy extends offer for Ethereum CFD•Chinese government has the power to destroy Bitcoin•Japanese internet giant announced launch of JPY stablecoin•Juniper Research: Bitcoin and the entire crypto industry is ahead of implosion

Dukascopy, a Swiss retail foreign exchange broker, has expanded its range of cryptocurrency investment products. The company will offer a CFD for Ethereum, the second largest cryptocurrency in the world. Geneva's Dukascopy first introduced crypto products earlier this year. Ethereum CFD testing began several months ago after the bank received positive feedback on its Bitcoin CFD. CFD is a popular kind of derivative that allows you to speculate on rising or falling asset prices - in this case, it is the ETH price against the USD. Dukascopy Bank will offer a 1: 3 maximum leverage for CFD ETH / USD. However, Dukascopy Europe will have to adhere to the new rules and offer CFD ETH / USD with a 1: 2 leverage effect. Read more here: https://bitcoinexchangeguide.com/new-ethereum-cfds-are-available-by-dukascopy-bank-in-crypto-product-offering-expansion/

The Chinese government has the power to destroy Bitcoin

China has played a decisive role in the crypto markets for several years now. A new document, produced by academics from Princeton University and the International University of Florida, suggests that China's growing influence on Bitcoin's key infrastructure gives the Chinese government the power to shape or even destroy Bitcoin.

The key to understanding is the change in the character of Bitcoin's mining. It was originally managed by off-the-shelf computers, but the increasing computational force needed to drill Bitcoin led to the creation of an increasingly specialized and expensive mining facility and thus to centralization of mining.

Research identifies potential methods by which the Chinese government could influence Bitcoin in the following categories: disturbance of mining competition, consensus undermining and Bitcoin destabilization, deanonymization and censorship. Read more here: https://bitcoinist.com/can-the-chinese-government-destroy-bitcoin/

The Japanese Internet giant announced the launch of the JPY stabilcoin

Japanese Internet giant GMO has just announced a plan to launch a new stablecoin supported only. The new coin will be called GMO Japanese Yen (GJY) and is expected to be launched in 2019. The announcement of the new stablecoin came on Tuesday 9 October. The company has announced that preparations for issuing a new digital currency have already begun. According to the GMO, GJY should be launched via Z.com. So GMO is becoming another player in the markets with staccoins attached to just because there are already several other companies with similar plans. GMO said it plans to focus on international transfers of funds. Read more here: https://www.newsbtc.com/2018/10/10/japans-gmo-internet-group-announces-yen-backed-stablecoin/

Juniper Research: Bitcoin and the entire crypto industry are ahead of implosion

A recent study by Juniper Research titled "The Future of Cryptocurrency: Bitcoin & Altcoin Trends & Challenges 2018-2023 warns that the current technical set-up of the entire cryptocurrency market suggests the possibility of total market implosion.

According to the study, the daily volume of Bitcoin (BTC) transactions declined from 360,000 by the end of 2017 to just 230,000 daily transactions since September 2018. The value of these daily transactions also dropped from $ 3.7 billion USD to less than $ 670 million. The volume of cryptographic transactions declined throughout the market from $ 1.4 trillion in the first quarter of 2017 to less than $ 1.7 trillion for the whole year. The message ends with the words:

"We think the crypto industry is on the brink of implosion."

Read more here: https://bitcoinist.com/juniper-research-report-suggests-the-entire-cryptocurrency-market-is-near-implosion/