Latest ICO News and Insights

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❗ Bitcoin Will Become Global Reserve Currency: Max Keiser

The well known American broadcaster Max Keiser in an interview has predicted that bitcoin will dethrone USD as world's reserve currency in the coming future. Keiser also argued that USD will face its fall this year.

According to Keiser economic downturn is to commence soon and people are deriving towards cryptocurrency because of the poor performance of the US stock market.

source: Russia Today

5 Jan 2019 1 min read

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🔔 BitTorrent Reveals Native TRON-Based ”BTT” Token

The BTT token established in Singapore will help users to improve their network speed. The token will be first implemented in BitTorrent's most popular windows' application µTorrent. The token will feature native TRC-10 compatibility and will be available on Binance Launchpad to non-U.S. accounts.

BTT tokens will allow users for faster downloads and will help the company to hasten the overall speed of torrents.

source: PR Newswire

4 Jan 2019 1 min read

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🗳️ Thailand to use blockchain Technology for voting

National Electronics and Computer Technology Center (Nectec) develops blockchain technology for elections. E-voting be applied to national, provincial or community elections. Due to its decentralised nature, it is transparent, auditable and making it hard for hackers to change data.

Now Nectec looking for partners such as universities for access to test environments. It will also deploy blockchain at the National Science and Technology Development Agency.

source: Bangkok Post

3 Jan 2019 1 min read

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54% of 2018 ETH withdrawals from projects happened in December

As the ETH price continued to plummet, projects sold off close to 18% of their net position

3 Jan 2019 1 min read

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📨 Bakkt Bitcoin platform raised $182.5 million

Intercontinental exchange's Bakkt has successfully completed their first round of funding and has raised $182.5 million from 12 partners and investors that include Boston Consulting group and Goldfinch Partners. The Bakkt team will work with US Commodity Futures Trading Commission (CFTC) to obtain necessary take-off permissions.

However, the company official confirmed that the launch of the platform will delay as work with CFTC is still going on.

source: Medium

1 Jan 2019 1 min read

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🐱‍💻 White hat hackers earn $900k from Blockchain companies

Blockchain companies have received more than 3000 vulnerability reports for the loopholes in their online security. Coinbase is among the top three bug bounty award giving companies. Acc to cybersecurity company HackerOne blockchain companies remunerate hackers better than other companies.

According to a spokesperson from HackerOne One of the top paid crypto hackers earned seven times the median software engineer salary.

source: The Next Web

31 Dec 2018 1 min read

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🍁 BlockEQ got acquired by Coinsquare

Canada's largest cryptocurrency trading platform Coinsquare acquired Blockmanity Inc. for $12 million. The BlockEQ team has released award winning mobile wallets that have been downloaded in more than 70 countries.

BlockEQ will now operate as a subsidiary of Coinsquare and will continue to develop the platform as its own entity. Coinsquare is actively launching new business lines to become a leading financial institution.

source: Medium

31 Dec 2018 1 min read

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🇮🇹 Italy appoints 30 experts to lead Blockchain strategy

The Italian government has revealed a list of 30 experts from different areas with knowledge and experience of bitcoin tech brought together to develop the nation's blockchain strategy.

The group of experts will work on identifying possible use cases of blockchain technology in public and private services and developing regulatory tools for the promotion of technology.

source: Coindesk

30 Dec 2018 1 min read

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🤝 VISA Buys Ripple's Partner for $250 Million

With a new year just ahead VISA is making financial moves and buys Earthport-a payment network for cross-border transactions. The network is ripple's partner that was made in 1997 and provide services to financial institutions. According to reports, the acquisition was made for $250 million.

Earlier this year Earthport shares dropped down by more than 28% and the losses were one the major reasons for changing the strategy of the company.

source: Yahoo Finance

30 Dec 2018 1 min read

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🌱 PWC crypto leader is expecting exciting things in 2019

Henro Arslanian, PWC Asia's fintech and crypto leader in his interview with Bloomberg claimed that exciting things are ahead in 2019. He added the collapse of bitcoin bubble and price drop has cleared a lot of noise from the sector and as the institutional players enter the space, they will bring in new institutional expertise and experience for the sector.

Moreover, many of the countries including traditional countries jurisdictions have started providing more regulation clarity and pushing legislation in ICOs.

source: Bloomberg

29 Dec 2018 1 min read

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🕵️ Bitcoin ATMs may be used to clear dirty cash

A Bitcoin bought at a machine instantly deposited into a digital wallet, which could be owned by the person standing at the machine or ransomware. Some states see these ATMs as vending machines. some companies tell potential customers online that transaction is totally anonymous. But if that’s true, it’s illegal.

Bitcoin ATMs are legal and the market for machines hasn't slowed down at all even since bitcoin had achieved all time high last year.

source: Bloomberg

29 Dec 2018 1 min read

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🙇 Bitmain layoffs may impact 50% of staff

Just after the news of the IPO filed by Bitmain is in doubt, Bitmain has confirmed reports of the company laying off a massive number of employees that have been circulating for a past couple of weeks. One employee claimed that layoffs will affect more than 50% of staff.

Bitmain had increased employees in 2018 significantly, now as it looks towards future they have prioritized eliminating redundancies.

source: The Block Crypto

28 Dec 2018 1 min read

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⚖️ The second interdisciplinary committee is in favour of legalising Cryptocurrency in India

A senior official who attended the panel's meeting said that cryptocurrency cannot be dismissed as illegal but need to be legalised with strong amendments. The government set up the second inter-ministerial committee when various stakeholders challenged RBI authorization in the supreme court.

To counter financial terrorism and money laundering, G20 countries are going to introduce regulations on crypto assets.

source: Indian Express

28 Dec 2018 1 min read

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🤞 Cryptocurrency market valuation increased by 45% in 10 days

Since December 15, the digital currency market added $45 billion to its valuation as Bitcoin surpassed $4,200. However, the market is still below its November end levels when the valuation was wavering around $220 billion.

Many analysts have argued that the falling dominant cryptocurrency has established a bottom and with several positive industry developments in crypto licensing, investors anticipating positive price movement in upcoming months.

source: The Coin Republic

26 Dec 2018 1 min read

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📈 Over 800 Crypto Companies registered in U.K. in 2018

A British news company analysed data from different sources and found that more than 800 crypto companies have registered as of November 2018 amid of price falling. The number of companies that were dissolved in 2018 has also increased from 2017.

A total of 342 crypto companies liquidated or dissolved this year as compared to 139 of last year. Most of the companies that dissolved this year were incorporated during peak crypto bull market in 2017.

source: The Block Crypto

26 Dec 2018 1 min read

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📊 Two thirds of top 50 a dropped by 90% from all time high in 1 year

2018 has been coarse on cryptocurrencies: 30 of the major crypto-assets has dropped by over 90% from their peak 2018 price, as of 17th of December.

Longhash, released an infographic that summarizes the crypto-price movement over 2018, with Bitcoin witnessing a staggering 80% loss.”

The study analyzed the leading 50 cryptocurrencies by market valuation as per Coinmarketcap’s dataset.

Source: Longhash

25 Dec 2018 1 min read

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🇮🇹 Regulator targets domestic scam and shuts down operations

According to an official statement published on December 14th, a cryptocurrency project has been shut down by the Italian regulator for the provision of allegedly unauthorized investment services.

The financial watchdog forced Avacrypto to discontinue its tokenized sale targeted at domestic investors.

Earlier in December, two other projects, Bitsurge Token and Green Energy Certificates, saw their operations closed by the Italian government for a 90-day period under the allegation of “offering fraudulent cryptocurrency investment schemes”.
The law enforcement is part of a European Union-led strategy to skim out scams from the industry.

Source: Italian financial regulator CONSOB

25 Dec 2018 1 min read

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💥 Coinbase triggers $50 million secondary market transaction of its stock

Crypto-exchange platform Coinbase filed with the SEC a $50 million equity offering last week. The document mentions the company already raised $21.3 million from 20 investors and looking to raise another $28.7 million.

A Coinbase associate told Crunchbase it was a secondary market transaction: “periodically, Coinbase offers its employees the opportunity to sell their equity back to the company in return for cash. The company recently initiated such an initiative.”

Coinbase raised a huge $300 million Series E deal led by Tiger Global Management led a Series-E for the most notorious cryptocurrency exchange of about $300 million at a post-money valuation of $8 billion for a total backing of $525 million.

source: Crunchbase

24 Dec 2018 1 min read

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😱 Poll shows 13% of Russians use cryptyocurrency for online purchases

Recently a poll was conducted by Russia’s largest electronic payment service Yandex Money in cooperation with the Digital Technologies Department of the city of Moscow. The poll which was conducted among 924 residents of the Russian Federation on the eve of the Christmas holidays shows that 13 percent of Russians use cryptocurrencies to pay for items they buy on the internet.

On the other hand 5 percent of the participants in another survey said they were willing to try cryptocurrency payments, despite never having owned digital coins before. This survey was conducted and posted last month.

By eliminating third party intermediaries and providing full control over one’s money, cryptocurrencies offer an alternative approach to securing financial assets.

source: Bitcoin

23 Dec 2018 1 min read

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💰 Nvidia stock plummets amidst low demand for crypto-mining

After Nvidia’s market value rise from $14 billion to over $175 billion in 2016-18, the processor manufacturer saw its stock decrease by 4.1% after the crypto crack.

The reduced demand for cryptocurrency mining led to a major breakdown in chip stocks. The sector index, PHLX Semiconductor, dropped 19% after low sale of miner rigs.

Nvidia CEO “The crypto hangover has left the industry with excess inventory – excess channel inventory,

source: CNBC

22 Dec 2018 1 min read