The Indonesian government has made changes to the country's legislation, according to which digital assets will be considered securities.

After several months of discussions, on January 12, Indonesian President Joko Widodo signed a law according to which the regulation of the cryptocurrency industry in the country will be handled by the Indonesian Financial Services Authority (OJK), without the participation of the Commodity Futures Trading Regulatory Agency (CoFTRA). These changes mean that Indonesian regulators will consider cryptocurrencies to be securities rather than commodities. Now the same requirements that apply to investment contracts will apply to the placement and sale of cryptocurrencies.

Atomic swaps are a mechanism to enable true P2P trading of crypto assets directly via the blockchain. How do atomic swaps work and what is the future of this technology?

Atomic swaps are automatic contracts for exchanging crypto assets between blockchains. The smart contract mechanism completely eliminates the need for centralized third-party organizations (exchanges or exchangers) when making transactions and frees them from counterparty risk. This is one of the few truly decentralized methods of conducting crypto asset exchange transactions.

Proof-of-Reserves (PoR) may become a new trend on cryptocurrency exchanges. This is proof that the exchange has reserves to cover customer deposits. Online Proof of Reserves – Myth or Reality?

After the sudden collapse of FTX, many traders panicked and a mass exodus from exchanges began. The technically advanced flocked to DEX, while the more cautious decided to sit on the fence, with bitcoins in their personal wallet.

Bitcoin mining performance in 2022 demonstrates the coin's "resilience," according to a new analysis from mining company Luxor.

Unprofitable mining

2022 became an extremely unprofitable year for miners of the first cryptocurrency. It is noteworthy that a year earlier the market was on an unprecedented rise. At that time, many new players appeared in the industry and attracted additional finance. This became a serious catalyst for the growth of Bitcoin and most popular altcoins with large capitalization. Of course, the arrival of institutional investors played no small role in this. But, as in any other market, significant growth is always followed by a correction, and sometimes a decline.

Amid the collapse of FTX, there are growing fears of a domino effect in the form of the fall of many other industry players, including the largest cryptocurrency funds. Is there a risk of bankruptcy for GBTC holding over 600,000 BTC?

The consequences of the FTX collapse were felt for the cryptocurrency industry, but expectations of a string of bankruptcies were exaggerated. Even despite the lawsuit against the founder of the bankrupt exchange, Sam Bankman-Fried, and his closest associates, Bitcoin has been trading steadily in the range between $16,000 and $18,000 since November 10. It has not been thrown off balance by the ongoing attacks from regulators and large banks, or by a serious drop in volumes bidding However, exiting any range happens sooner or later. Where will Bitcoin go?

Recently, Japanese authorities decided to allow foreign stablecoins into the local market. Will digital stablecoins be able to circulate freely throughout the country? And where in the world can cryptocurrencies be used as a means of payment?

Legalization of cryptocurrency

The task of legalizing and regulating cryptocurrencies is solved differently depending on the specific country, but almost always raises many questions among end users and investors: is it possible to pay with cryptocurrency for goods and services, is it worth paying taxes for transactions on the crypto market, and in general, is it legal? just own Bitcoin and make transactions?

There is no universal solution for all occasions, but we will try to give tips that apply almost always. The specific implementation of the architecture should be planned based on your needs and risks. This article can be used as a checklist for testing.

Recommendations for organizing the storage of cryptocurrencies and tokens