Latest ICO News and Insights

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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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📊 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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💰 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

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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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💰 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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💰 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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👩‍💼 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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💱 "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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🐉 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