Latest ICO News and Insights

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πŸ“Š New York State Exchange delay its Bitcoin futures trading platform

Intercontinental Exchange parent company of the NYSE, plans to launch Bitcoin futures trading and custody services on a novel product called Bakkt
The launch date was set for Jan. 24, but according to CoinDesk, Bakkt is set for a second delay due to missing approvals from the U.S. Commodity Futures Trading Commission (CFTC).

The CFTC is granting an exemption for Bakkt's to store Bitcoin for its clients as the agency's regulation mandates funds to be stored in a bank, trust company or futures commission merchant.

Unlike the CME and CBOE futures market, Bakkt's will facilitate a physical market where Bitcoin be settled rather than cash at the end of a contract.

source: CoinDesk

22 Dec 2018 1 min read

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πŸ’° Ethereum cofounder donates $300k in Ether to startups

Vitalik Buterin, the co-founder of Ethereum made $100k donations to startups in response to Spankchain founder Ameen Soleimani concerns over the speed of Ethereum's development

Buterin sent three sets of 1000 Ether to three startups that are building solutions to scale Ethereum.

source: The Block Crypto

21 Dec 2018 1 min read

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🏧 Crypto ATMs number increase undeterred by price crashing

Despite heavy losses and bitcoin price crashing the number of crypto ATMs have increased significantly and has doubled during 2018. The highest number of Bitcoin ATMs are in the US approximately 70% of global ATMs.

Crypto ATMs provide individuals to exchange cryptocurrency with fiats like dollar or Euro.

source: Statista

21 Dec 2018 1 min read

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πŸ’° Coinbase moves $5 billion worth of crypto

Number 1 crypto-exchange completed the largest digital asset migration that ever occured. As part of a software upgrade, the Coinbase team announced that they completed a $5 billion transfer that includes: 5% of all Bitcoin, 8% of all Ether, and 25% of all Litecoin.

The migration that took several days in November, will help Coinbase list new digital assets and scale their platform. The migration revealed a mind-boggling concentration of crypto-assets into one entity.

source: The Block Crypto

20 Dec 2018 1 min read

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Building a Cryptocurrency Portfolio: Top 7 Things to Consider

Planning to build your own crypto-portfolio? But don't know how to? Investing in cryptocurrency has been and still is an abstruse concept. Here's 7 things to consider before diving in crypto.

20 Dec 2018 4 min read

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πŸ‘©β€πŸ’Ό Blythe Masters, CEO of Digital Asset Holdings LLC steps down

The highly respected CEO in blockchain field stepping down because of personal reasons and will stay on as a board member. Under her tenure, the company established partnerships with banks and worked to build blockchain platforms.

In her absence, AG Gangadhar, who is also a member of the company’s board of directors will serve as the acting CEO.

source: Fortune

19 Dec 2018 1 min read

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πŸ’± "Industry is going to grow": Binance CEO

In an interview, Binance CEO Changpeng Zhao(CZ) said that bitcoin price is just for speculations that led to over fluctuations and the industry is going to grow int the long term by the guys who actually build applications and actual adoption of the cryptocurrency.

CZ also asked for well sensible regulations that promote innovation and assured that Exchange has toughest KYC and anti-money laundering initiative.

source: Bloomberg

19 Dec 2018 1 min read

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πŸ‰ Chinese Bank to introduce digital currency

China's central bank, the People's Bank of China(PBOC) Plans to introduce cryptocurrency of its own. The currency will replace cash and give Beijing more control over money laundering.

Unlike traditional digital currencies, with this currency, PBOC could also track transactions and this will minimise risk to the financial system.

source: Bloomberg

18 Dec 2018 1 min read

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πŸ’Ό Facebook recruiting massively for its Crypto goals

With over two billion monthly users facebook is looking forward to completing its goal of introducing mass market cryptocurrency. To launch its coin facebook is hiring heavily for its blockchain project that is led by former president of Paypal David Marcus.

source: Independent

17 Dec 2018 1 min read

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🏦 Nederlandsche Bank to monitor Cryptocurrency License

In order to prevent money laundering Dutch central bank will start regulating crypto license. To get the license Cryptocurrency organisations will have to report any unusual transaction and identities of their customers.
Due to ample anonymity of digital currency and odds that it can cause terrorism financing, Netherland has taken this measure.

source: Finance Magnates

17 Dec 2018 1 min read

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πŸ”’ Opera sets up Ethereum wallet on its Android web browser

Norwegian browser announced during a blockchain event in London launched an ETH wallet on its Android application. They plan to broaden their crypto-offerings to their users.

The browser started testing the feature earlier in July and released anti-crypto jacking software to counter phishing and malware attacks.

source: The Verge

16 Dec 2018 1 min read

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❌ NYFDS denied five Bitlicense applications

New York state department of financial services has denied 5 and granted 10 bitlicense out of total 36 applications that had been received. Surprisingly only 10 more companies have applied for bitlicense since 2016 even though the cryptocurrency industry became more estimable in the last two years.
This upshot may be because of the publicly criticised slow speed of granting bitlicense by NYFDS.

source: Fortune

15 Dec 2018 1 min read

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πŸ‘©β€βš–οΈ Coinflux CEO got detained on US warrant

Vlad Nistor, CEO of Coinflux got arrested by Romanian police on US warrant. Soon he will be handed over to US authorities. The 29 yr old entrepreneur is accused of money laundering and running hoax scheme.

source: Finance Magnates

15 Dec 2018 1 min read

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πŸ† Crypto.com hires PayPal ex-exec to focus on merchant adoption

Cryptocurrency card wallet and payment gateway solution Crypto.com hired Tyson Hackwood, PayPal's former head of point of sale in Australia. Hackwood's core task will be to bootstrap their merchant network and increase global adoption.

Crypto.com is a rebrand of Monaco after their acquisition of the domain for $10 million. They raised $29 million in July 2017.

source: PR Newswire

12 Dec 2018 1 min read

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Decentraland kickstarts second LAND auction

Virtual world and metaverse pioneer Decentraland launches sale of 9,000 LAND parcels.

11 Dec 2018 1 min read

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Singapore releases token case studies: not everything is a security.

Monetary Authority of Singapore has a different approach on token offerings than its US counterpart.

4 Dec 2018 4 min read

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ICOs dump their holdings - 100,000 ETH sold in 7 days

Projects that launched an ICO have been selling off 200,000 ETH holdings in the last month, with half of it in the last week.

27 Nov 2018 1 min read

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Circle's USD Coin issues audit report by leading account firm

Grant Thornton published an attestation report on the fiat reserves of Circle's USD Coin

21 Nov 2018 1 min read

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Exploring the Stability of Stablecoins by Santiment

After Tether lost its peg to the dollar last month, analysis shows that Stablecoins may not be that stable after all.

20 Nov 2018 1 min read

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Bitcoin price falls, an anxious day for the crypto-world

The cryptocurrency market had a rough week as the top cryptocurrencies dropped. The market turned red and the strong one-year resistance of Bitcoin was breached.

20 Nov 2018 2 min read