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Turkey’s so called “national” crypto, Turcoin, has turned out to be a classical example of a Ponzi scheme, local media reported. The founders of the “alternative” digital currency are believed to have fled the country with millions of dollars collected from defrauded investors. The company behind the Turkish token stopped distributing dividends earlier in June. … Read more
In recent regulatory news, the United States Office of Government Ethics has issued a document advising employees of the U.S. executive branch to disclose their cryptocurrency holdings. In other news, Bank of Korea has rejected the notion of central bank-issued digital currencies, Crypto Finance AG has received licensing from the Swiss Financial Market Supervisory Authority … Read more
Estimates are indicating that the total sum of capital raised by initial coin offerings (ICOs) in May exceeded the total sum raised in April – comprising the first month-over-month increase in the total sum raised by ICOs in 2018 so far. Also Read: Markets Update: Slight Comeback Shows Cryptocurrencies Press Forward Month-Over-Month Performance of ICOs Up … Read more
Coinjar has announced the launch of a cryptocurrency exchange that will exclusively offer AUD currency for fiat pairings. The exchange currently offers AUD and BTC pairings for bitcoin, Ethereum, Litecoin, and Ripple. Also Read: US Justice Department Investigates Price Manipulation in Bitcoin Market Coinjar Launches New Australian Cryptocurrency Exchange Australian-founded cryptocurrency company Coinjar has announced that … Read more
With seemingly endless new altcoins claiming that they will change the world whilst generating exorbitant returns for investors, it can be highly informative to sometimes get a bird’s eye view of longer-term altcoin performance by digging through the annals of Coinmarketcap’s historic snapshots. When looking at a historic snapshot from May 12th, 2013, by far … Read more
China’s government is well known as a crypto hater, and its banishments and pronouncements are the stuff of wild market swings. That doesn’t mean, however, they’re not keeping close eye on decentralized currencies. In fact, according to recent press releases, Chinese authorities are set to publish regular monthly analysis of over two dozen crypto assets, … Read more
Reports suggest that Facebook may develop its own crypto. The plan is worth a mention, especially on the backdrop of the crypto ban imposed by the social media network. In Saturday’s Bitcoin in Brief, we also cover Telegram’s advance towards implementing its payment system using the Gram token. Some blockchain stories with beers and beamers … Read more
United States Securities and Exchange Commission (SEC) Commissioner, Hester Peirce, delivered a speech before the Medici Conference earlier this month discussing many issues pertinent to ICOs. Mrs. Peirce indicated that the SEC is open to discussion of developing a regulatory sandbox for ICOs, however, expressed a number of concerns surrounding the legislative model. The commissioner … Read more
Mike Finch, the co-founder of ICO Alert, has discussed the present state of the initial coin offering (ICO) industry. Mr. Finch shared his assessment that although the social media advertising ban has had a significant adverse effect upon the performance of promotional campaigns for ICOs, the number of new ICOs brought to market has significantly … Read more
United States Securities and Exchange Commission (SEC) commissioner, Robert Jackson, has expressed his belief that initial coin offerings (ICOs) will be legitimized under existing securities legislation. Despite the optimistic outlook, the commissioner has criticized the current state of the ICO industry. Also Read: Taxis Take BCH, Stores Sell BTC in the Russian City of Rostov SEC … Read more
