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Tag: ICOs

Qfellow Program Incentivizes Cryptocurrency Enthusiasts to Weed out Fake ICOs

Category: Business, Finance, ICO News, News, Regulation

Qfellow Program Incentivizes Cryptocurrency Enthusiasts to Weed out Fake ICOs

Launched in August 2017, ConcourseQ has conducted strict due diligence for hundreds of Initial Coin Offerings (ICOs). Now, it is offering cryptocurrency enthusiasts an opportunity to safeguard the rest of the community from dubious coin issuers by surveying Qfellow reports. ConcourseQ and Qfellow ConcourseQ first started its Qfellowship program in 2017. The program was open to all members of the…

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Bank of Thailand to Adopt Blockchain Technology

Category: Blockchain, Finance, News, Regulation, Tech

Bank of Thailand to Adopt Blockchain Technology

Dr. Veerathai Santiprabhob, the Governor of the Bank of Thailand, announced the South East Asian country would use blockchain technology to improve existing banking applications. Blockchain Technology Gaining Momentum Santiprabhob made the announcement on June 5, 2018, at the Nomura Investment Forum in Singapore where he also expanded on the details in his Keynote Address concerning the Thai Economy and…

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Polish Government Appeals Citizens to Not Panic over Cryptocurrency Regulations

Category: Altcoins, Bitcoin, Crime, Finance, News, Regulation

Polish Government Appeals Citizens to Not Panic over Cryptocurrency Regulations

Announcements of a cryptocurrency investigation or taxation are usually met with backlash from the cryptocurrency community. While crowd psychology is difficult to predict, the government of Poland has a simple appeal for those jumping on the hysteric bandwagon- don’t panic. No Reason for Panic According to a report on Finance Magnates, both mainstream and local media in Poland have propagated…

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Vermont Issues Cease and Desist Order to LevelNet as Operation Cryptosweep Gathers Pace

Category: Altcoins, Crime, Finance, News, Regulation

Vermont Issues Cease and Desist Order to LevelNet as Operation Cryptosweep Gathers Pace

“Operation Cryptosweep” is a joint probe by American and Canadian Securities regulators aimed at tackling fraudulent Initial Coin Offerings (ICOs) has scored a major takedown. On June 4, 2018, the Vermont Department of Financial Regulation (DFR) issued a cease and desist order to the cryptocurrency startup LevelNet based in Irving, California for violating several clauses in the Vermont Uniform Securities…

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Google and Facebook under Fire for “Unethical” Cryptocurrency Ban

Category: Altcoins, Bitcoin, Blockchain, Business, Finance, News, Regulation, Tech

Google and Facebook under Fire for “Unethical” Cryptocurrency Ban

While Google’s famous motto says “Don’t be evil,” industry experts believe that the company’s self-policed decision to ban cryptocurrency adverts on its platforms is “ill-thought-out and potentially even unethical.” Google’s Mixed Signals The policy came into effect in June 2018, after Google announced the ban in March 2018. Additionally, social media giant Facebook and micro-blogging platform Twitter announced similar bans,…

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Cryptocurrency Firms Boost their Blockchain Projects by Airdropping Tokens

Category: Altcoins, Business, Finance, News, Regulation

Cryptocurrency Firms Boost their Blockchain Projects by Airdropping Tokens

Blockchain projects are continuously announcing giveaways which include a lot of free tokens. While it appears a clever marketing strategy, some wonder whether this new approach is actually legal. Preference to ICOs Airdropping in 2018 is the equivalent of initial coin offerings (ICOs) in 2017. Instead of selling the tokens, blockchain-based projects have decided to give these tokens away instead….

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SEC Appoints Cryptocurrency Advisor to Spearhead Development and Regulations

Category: Altcoins, Bitcoin, Blockchain, Finance, News, Regulation

SEC Appoints Cryptocurrency Advisor to Spearhead Development and Regulations

On the heels of New York state legislation proposing a digital currency task force, the U.S. Securities and Exchange Commission (SEC) went one step ahead and appointed a cryptocurrency advisor on June 4, 2018. SEC’s Blockchain Push As per the official announcement, Valerie A. Szczepanik will now spearhead the SEC’s regulatory and security laws pertaining to “digital asset technology and…

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Chinese Authorities Arrest Around 100 People, Recover $267 Million from OneCoin Pyramid Scheme

Category: Altcoins, Crime, Finance, News, Regulation

Chinese Authorities Arrest Around 100 People, Recover $267 Million from OneCoin Pyramid Scheme

Chinese authorities have taken a proactive approach in cracking down the OneCoin pyramid scheme, which has caused havoc since 2016. Nearly 100 people were arrested on May 29, 2018. OneCoin Pyramid Scheme and Crackdown In China, OneCoin followed the moniker Weika Coin and offered investors an opportunity to buy OneCoin in a bid to progress through 140 different membership levels….

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92 Percent Blockchain Projects Fail Within 1.22 Years, Claims Chinese Report

Category: Altcoins, Bitcoin, Blockchain, Business, Finance, News

92 Percent Blockchain Projects Fail Within 1.22 Years, Claims Chinese Report

Well-known sentiment states that 90 percent of all businesses fail in their first year for a myriad of reasons. Hence, it is unsurprising to find that blockchain businesses face similar difficulties in scaling up, regardless of their jaw-dropping valuations. 92 Percent See the Door An official report commissioned by the Chinese government determined the “success rate” of blockchain projects and…

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“Buy Bitcoin, Dump Altcoins”: Says Blockchain Venture Capitalist, Spencer Bogart

Category: Altcoins, Bitcoin, Commentary, Finance, News

“Buy Bitcoin, Dump Altcoins”: Says Blockchain Venture Capitalist, Spencer Bogart

Spencer Bogart, blockchain venture capitalist and a partner at Blockchain Capital told CNBC that bitcoin is being profoundly institutionalized, getting more use cases and therefore is still a great buy. He also mentioned that some of the altcoins like ether, bitcoin cash or EOS are good to hold, while Cardano, Tron, IOTA, and NEO should be sold. Earlier Bogart predicted…

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