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Turkey Owns Most Crypto in Europe, Survey Indicates

March 22, 2019 by Neil at Adoption, Altcoins, Bitcoin, News

There are many European countries that are aware of blockchain and cryptocurrencies, but it appears as though that one embraces crypto more than many had previously thought. Apparently, the results of a new study from ING News suggest that Turkey now boasts the highest cryptocurrency ownership percentage in Europe. About...

Bitcoin and Ether Market Update: January 9, 2020

Bitcoin and Ether Market Update: March 22, 2019

March 22, 2019 by Georgi Hristov at Altcoins, Bitcoin, Business, Cryptocurrency Market Outlook, Ethereum, Finance, Price Analysis

The top ten cryptocurrencies are in the red for the 24-hour period with Stellar (XLM) being the worst performer with a four percent decrease. The total market cap dropped to $139.2 since March 20 after losing $1.3 billion. At the time of writing bitcoin (BTC) is trading at $4,042, while...

Hand Holding a Holographic Coin with Swiss Flag in the Background

Switzerland: Federal Assembly Approves Cryptocurrency Regulations Motion

March 22, 2019 by Aisshwarya Tiwari at Adoption, Altcoins, Bitcoin, Blockchain, News, Regulation

Switzerland’s Federal Assembly on March 20, 2019, passed a motion in favor of adopting the existing cryptocurrency regulation legislation. The motion was supported by 99 assemblymen who voted in its favor and will now move to the upper house of the parliament for final voting. The Swiss Federal Assembly OKs...

Morgan Creek Invests in Ikigai Crypto Asset Management Firm

March 22, 2019 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Finance, News

Morgan Creek Digital has invested an undisclosed amount in Ikigai Asset Management, a cryptocurrency and digital asset management firm that claims to be focused on generating superior risk-adjusted returns for its clients through venture-stage pre-Initial Coin Offering (ICO) investments, according to a Business Wire press release on March 20, 2019....

Augur Developer’s Dilemma in Fixing Vulnerability in Bettors Prediction Market

March 21, 2019 by Tom Nyarunda at Altcoins, Blockchain, Commentary, Development, News

Augur CEO Joey Krug admitted the platform’s betting system had a vulnerability that has been exploited by scammers. Bet on Impossible Outcomes In a series of Tweets, Krug admitted that a malicious actor has taken advantage of a vulnerability in the best-known prediction market by taking advantage of deliberate ambiguities...

Bear Holding a Stack of Cryptocurrencies

BlockFi Registers 10,000 Customers for Its Crypto Interest-Bearing Accounts

March 21, 2019 by Aisshwarya Tiwari at Altcoins, Bitcoin, Business, Finance, News

According to a Bloomberg report published March 20 2019, a significant number of risk-averse cryptocurrency investors have flocked to BlockFi, a fintech startup that offers a healthy interest rate of 6.2 percent per annum on Bitcoin and Ethereum deposits. HODLers Find Refuge with BlockFi The crypto market continues to evolve...

Ethereum Blockchain Being Used to Issue North Korean Visas

March 21, 2019 by Tokoni Uti at Adoption, Altcoins, Blockchain, Ethereum, News, Regulation

From March 24, 2019, people wishing to visit North Korea may do so by purchasing ERC-721 visas issued on the Ethereum blockchain by a North Korean dissident group. Future Entry Besides the predominantly commercial use of blockchain, there have been a handful of other less-popular social aspects of its application....

Never Ending Story Motif with Money Bags

The Never-Ending Story of Crypto Ponzi Scheme, OneCoin

March 21, 2019 by Georgi Hristov at Altcoins, Business, Crime, Regulation

The OneCoin project was founded in Sofia, the capital of Bulgaria, in 2014 and since then has been operating a multilevel cryptocurrency-based Ponzi scheme that generated $3.7 billion in sales revenue and more than $2.5 billion in profits according to U.S. authorities. OneFraud On March 6, 2019, the U.S. Federal...

Huobi Prime Sign on a Table with Graphs in the Background

Huobi Launches Initial Exchange Offering (IEO) Platform, Huobi Prime

March 21, 2019 by Tom Nyarunda at Altcoins, Business, Exchange, News

Huobi Prime will enable participating investors to get prioritized access to altcoin tokens before they appear on other exchanges. The Huobi Prime team will interrogate projects before they can be included to ensure integrity. Projects will Undergo Thorough Vetting The Singapore-based cryptocurrency Houbi Global Exchange unveiled a platform dedicated...

CoinMarketCap Launches Two Cryptocurrency Indices on Nasdaq, Bloomberg, Reuters

March 21, 2019 by Aisshwarya Tiwari at Adoption, Altcoins, Bitcoin, Development, Exchange, Finance, News

Popular cryptocurrency data website CoinMarketCap (CMC) on March 20, 2019, launched two comprehensive benchmark indices on financial data feeds from Nasdaq Global Index Data Service (GIDS), Bloomberg Terminal, Thomson Reuters Eikon, and Börse Stuttgart. Two Indices to Track the Market A lack of accurate data has been one of the...

Bitcoin, Ether, and XRP Weekly Market Update March 21, 2019

March 21, 2019 by Georgi Hristov at Altcoins, Bitcoin, Cryptocurrency Market Outlook, Ethereum, News Digest, Price Analysis

The total crypto market cap increased by $6.7 billion for the seven-day period and now stands at $141.4. At the time of writing bitcoin (BTC) is trading at $4,121 while ether (ETH) stands at $141. XRP’s Ripple is at $0.322. BTC/USD Bitcoin was extremely volatile during the March 14 session...

Hands Shaking and Exchanging Fiat for Bitcoin

Cryptocurrency Trader Sued Investors’ $20 Million Loss

March 21, 2019 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Crime, Ethereum, Exchange, News

Stefanos Papanastasiou, a 39-year-old cryptocurrency trader who claimed to have developed an algorithm that could result in immense profit through crypto trading, is currently facing a lawsuit filed by Savvas "Sam" Alexiadis, a property developer. Other investors are also set to file charges due to their loss of over $20...

What Are Initial Exchange Offerings (IEO)?

March 20, 2019 by Tom Nyarunda at Altcoins, Business, Cryptocyclopedia, Exchange

The ICO's heyday in 2017 saw various digital assets emerge only to crash in 2018 thanks to the bearish crypto market. ICOs raised billions of dollars in a relatively short time and brought the crypto market cap to over $800 billion before it fizzled out. As the ICO candle was...

CFTC Crush Fraudulent Crypto-Powered Binary Options Scheme

Former CFTC Chairman Wants the SEC and the CFTC to Better Regulate Cryptoassets

March 20, 2019 by Aisshwarya Tiwari at Altcoins, Bitcoin, Business, Commentary, Crime, Finance, News, Regulation

According to a March 18, 2019, working paper published by former Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad, the large gap in crypto regulations in the U.S. has led to continual frauds and weak investor protection in the budding cryptocurrency ecosystem. Lack of Regulations a Menace for the Industry...

Silhouettes Speaking Next to an Electrified Coin

IBM Says Banks Open to Launch Their Own Digital Currency, Citigroup Thinks Otherwise

March 20, 2019 by Aisshwarya Tiwari at Adoption, Altcoins, Blockchain, Business, Commentary, Finance, News

According to a Bloomberg article published March 18, 2019, tech giant IBM has been approached by at least two “major U.S. banks” regarding the creation of a private digital currency on the heels of JP Morgan’s JPM Coin. More Banks to Follow JP Morgan? 2019 has often been touted as...

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