Latest ICO News and Insights

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๐Ÿ”จ Hacked exchange Cryptopia plans to go back live today

New Zealand-based cryptocurrency exchange Cryptopia is planning to reopen their platform today or tomorrow after successfully transferring 24% of wallets to their "new secure servers". Cryptopia lost $3.6 million after a cyber-attack that occurred in January 2019.

source: Twitter

4 Mar 2019 1 min read

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๐Ÿ‘ฎโ€โ™‚๏ธ Reports suggest QuadrigaCX founder ran a scam

QuadrigaCX founder Michael Patryn might be Omar Dhanani. The latter was arrested in 2004 and pleaded guilty for conspiracy to transfer identification documents as part of Shadowcrew.com and served one and half year in prison. QuadrigaCX shut down after the CEO died of Crohn disease while travelling in India, customers are unable to access their funds since then.

source: Breakermag

3 Mar 2019 1 min read

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๐Ÿšจ Coinbase user struggle to delete their accounts

After Coinbase's acquisition of Neutrino, a cryptocurrency tracking product company with former founders of Hacking Team, a wave of protest has hit social media through the trending #DeleteCoinbase.

It appears that users are now struggling to delete their accounts as it requires to have zero-balance. Coinbase won't allow users to send dust balance (low amount of crypto) out of its exchange.

source: Motherboard

2 Mar 2019 1 min read

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๐Ÿ’ฒ $320 million worth of Ether locked in dApps

According to Defipulse, a on-chain data website, applications built on Ethereum have locked approximately $320 million worth of ETH in their application, with MarkerDAO's DAI holding $280 million of the total amount

source: Trustnodes

28 Feb 2019 1 min read

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๐Ÿง€ Swiss private banker mastodon enters crypto

Banking giant Julius Baer has started to offer cryptocurrency investment services to its clients via a partnership with SEBA Crypto AG, a start-up with $100 million of funds raised. Julius Baer has over $380 billion of assets under management and close to $1 trillion of total assets according to the source.

source: Trustnodes

27 Feb 2019 1 min read

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๐Ÿ“‰ Bitcoin facilitates fewer monthly payments compared to 2016

Although transactions are growing on the Bitcoin network, payments have decreased from 19.1 million to 9.5 million between December 2017 and February 2018 - and now below 2.7 million as per February 2019. The data does not take into account Lightning Network transactions, which contributes to sudden decrease.

source: Longhash, Coinmetrics, Chainanalysis

26 Feb 2019 1 min read

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๐Ÿ“ซ Amount of addresses holding 1 to 10 BTC increases

On-chain data has revealed an increase in Bitcoin addresses holding anything between 1 to 10 BTC, up 35% from last year. These addresses now represent approximatelly 10% of the total circulating supply. Interestingly, 48% of the circulating supply is held in addresses with 10 to 1,000 BTC and those holding 100 to 1,000 BTC have witnessed a decrease in holdings since 2018.

source: Diar

25 Feb 2019 1 min read

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๐Ÿ› State of Ohio accept Bitcoin for taxes. 2 companies settles up

Last December, Ohio state has introduced a cryptocurrency gateway to accept Bitcoin for tax payment. According to the state governor, only two businesses have paid up in Bitcoin. The amount remains undisclosed.

source: The Block

24 Feb 2019 1 min read

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๐Ÿ’ธ IBM get $700 mn deal from Santander

The partnership will help Banco Santander cut down IT costs by allowing the Spanish bank to leverage IBM's blockchain, big data and artificial intelligence platforms.

source: IBM

23 Feb 2019 1 min read

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๐Ÿ’ฐ Pantera raises $125 million for its third fund

Amidst cryptocurrency bear market, Pantera Capital managed to raise $125 million out of its $175 million target for its third fundraising. The organization is looking to be more aggressive in equity and hybrid token-cum-equity deals. Partners announced to CoinDesk Pantera had the goal of "investments of $3 million to $8 million for equity stakes of as much as 15 percent [and] $1 million to $3 million for equity stakes of 10โ€“20 percent [at the seed stage]".

source: CoinDesk

22 Feb 2019 1 min read

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๐Ÿšจ FBI looking to contact BitConnect victims

The US Federal Bureau of Investigation has issued a notice on its website that it was looking to reach out to BitConnect's Ponzi scheme fraud. The FBI is asking to victims the amount they invested, the person that referred them, when they enter the scheme and other information.

source: FBI

21 Feb 2019 1 min read

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๐Ÿฅ Crypto sold at 10,000+ location in France

French wallet company Digycode and tobacco point-of-sale operate Ingeco have created a partnership to sell cryptocurrency in approximatelly 42% of every "buralistes" in France. Customers can purchase BTC, LTC, ETH, XRP and DASH while BCH and XMR will be available soon. Fees are at 8%

source: Bitcoin.com

20 Feb 2019 1 min read

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๐Ÿ’ณ Post office in Liechtenstein's starts selling Bitcoin at physical location

One post office in Liechtenstein's capital, Vaduz, is planning to sell Bitcoin in addition to four other cryptocurrency: Ripple, Ethereum, Litecoin and Bitcoin Cash.

Vรคrdex Suisse, a Zug-based ATM operator, will handle the installation of the service.

source: Post.li (in German)

19 Feb 2019 1 min read

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๐Ÿ”Ž Loopring and PwC issue a stable value coin report

Big Four auditor PwC and decentralized exchange protocol Loopring published a market research report on the state of the stable coin market and its classification.

The report, taxonomy, fundamentals, use cases and financial analysis of the segment - a comprehensive read for both newcomers and experts in the field.

source: Loopring, PwC

18 Feb 2019 1 min read

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๐Ÿ’ƒ Argentina settles exports in Bitcoin with Paraguay

Paraguay purchased $7,100 worth of pesticides in a deal export with Argentina. The transaction occurred on the Bitcoin network and then converted in Argentinan pesos to settle the accounts of an agricultural chemical company.

It is the first time an export deal is settled in a cryptocurrency for both countries. The initiative comes under the Argentinian "Exporta Simple" program which aims to simplify export deals worth less than $15,000.

source: CoinTelegraph

17 Feb 2019 1 min read

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๐Ÿ› Mike Novogratz: "Institutional clients are preparing to enter the cryptocurrency market"

Galaxy Digital Investment founder believes that institutional players should start to invest in crypto by next year. He mentioned that "all the architecture that institutions need to feel comfortable with this [cryptocurrency] is being put in place".
Online custodian storage solutions have recently witnessed a sudden surge, with Fidelity investments leading the way. Novogratz further stated that 200 to 300 clients are ready to invest via Fidelity.

source: Altcoin News

16 Feb 2019 1 min read

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โœ” Filecoin opens GitHub repo for transparency

Distributed storage network Filecoin announced they have opened their code base to increase their community reach. Although Filecoin has not deployed its main network yet, the initiative is a first step to open and test their product.

source: Filecoin

15 Feb 2019 1 min read

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๐Ÿค  Ethereum Enterprise Alliance deploys "token task force"

Enterprise Ethereum Alliance (EEA) executive director Ron Resnick announced the launch of a task force in "the first half of this year". The group will focus on a token standardization for corporates and business use-cases.

The task force will first engage with industry bodies to ensure communication standards when it comes to the design and launch of tokenized assets.

source: CoinDesk

14 Feb 2019 1 min read

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๐Ÿ‘ LocalBitcoin data analysis suggests BTC's adoption is increasing in emerging economies

Data analysis of Bitcoin's largest fiat-to-crypto peer-to-peer exchange shows that the last quarter of 2018 was the best performing quarters for emerging economies.
Despite the bear market, 23 countries had their best quarters in 2018-end: almost all of them are from the developing world.

source: Medium

13 Feb 2019 1 min read

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๐Ÿ‘ฉโ€โš–๏ธ SEC launches an ICO regulation page

The US financial watchdog published a dedicated page for Initial Coin Offerings as part of their drive to regulate cryptocurrency primary markets.

The web page includes cautionary and informational resources such as their stance on token securities, risks, functionalities, registration and compliance. They further invite issuers to "use caution before promoting offers and selling coins."

source: Security and Exchange Commission

2 Feb 2019 1 min read