Trader’s Journal #8

Trader’s Journal
Trader’s Journal #8
Google Trends: the number of requests for the word “Bitcoin” has dropped to the values of spring 2017
Despite the recovery of market activity, the dynamics of search queries for the word “Bitcoin” remains at a relatively low level according to Google. According to Google Trends, search requests for Bitcoin jumped from 30 to 100 following the leading cryptocurrency’s surge on the night of April 2. That night Bitcoin pushed over $4,500 for the first time this year. Since the beginning of February 2019, the first cryptocurrency is increasingly showing signs of recovery. BTC is currently trading at around $ 5,000.
Binance will not open branch offices in countries without cryptocurrency regulation
The Binance Cryptocurrency Exchange is not planning to enter the South Korean market and other countries that have not decided on legislative regulation of the digital asset market. This was announced by the CEO of Changphen Zhao at a conference in Seoul, Coindesk Korea writes. Zhao also pointed that they are ready to cooperate with jurisdictions that have established strict regulatory requirements for the cryptographic market if the authorities of the country are interested in distributing blockchain technology. According to the CEO Binance opinion — the growing competition in the industry one way or another will entail the interest of governments in cryptocurrency.
The US regulator presented an official guide for cryptocurrency tokens
The US Securities and Exchange Commission (SEC) has provided a guide to cryptocurrency tokens. The new guide is made to help crypto investors to understand whether their product will fall under the definition of securities. The regulator worked on its development for almost half a year, however, this period was likely to be extended due to the the work of the US government by Donald Trump.
Binance will open the exchange in Russia
The head of the company Changpeng Zhao told when will be launched the trading platform with the support of the ruble. Binance exchange plans to open a platform in Russia, which will support the ruble. To do this, there should be regulation of the digital money market in the country, said the head and founder of the company Changpeng Zhao in an interview with RIA Novosti.
“We are very interested in opening a local stock exchange in Russia, if the regulation is made for our industry. Russia is one of the most active cryptocurrency markets in the world, and I believe that promoting the development of the blockchain is the best way to develop the economy in the future,”said the head of Binance.
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Week Trading Pair — ETH to BTC
Week Exchange — Binance
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Other trades were closed by users themselves
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