$46 Million of Ether is Locked in a Pair of Ponzi Dapps

The ethereum network has another pair of smash hit dapps. The decentralized applications have proven to be a viral success over the past week, amassing more transactions than IDEX and accruing seven-day trading volume of 180,000 ETH. There’s just one problem: both dapps are ponzi schemes in which virtually everyone who plays will lose. Also … Read more

EU Study: International Nature of Cryptocurrency Markets Is a Challenge for Regulators

An EU study claims that the international nature of the cryptocurrency markets is a challenge for European regulators because many players, especially miners, are outside their reach. The researchers also expect that bank-issued coins could reshape the balance of power among cryptos, with commercial banks using underhanded tactics to stifle the competition. Also Read: The … Read more

G20 Asks FATF to Clarify AML Standards for Cryptocurrencies

Financial ministers and central bankers from the G20 states met over the weekend in Argentina to discuss the challenges for the global economy. They reiterated their position that cryptocurrencies do not pose a risk to the financial stability. The officials also called on the Financial Action Task Force to clarify by October how its anti-money … Read more