Monthly Archives: April 2018

‘48 Percent Returns Monthly’: How 32,000 Vietnam Investors Got Caught By Ponzi Scheme

The Pincoin and iFan ICO scams have become the biggest in cryptocurrency history, highlighting the need for financial education in the crypto community. What could well become known as the largest Initial Coin Offering (ICO) scam in history has highlighted the need for the cryptocurrency community to promote financial education. On Monday, April 9, Vietnamese media reported that nearly $660 mln of investors’ money had been stolen by two separate ICO’s, run by a parent company operating out of Ho Chi Minh city. iFan and Pincoin, the […]

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FPT and Factom Announce Partnership to Expand Blockchain-as-a-Service

Austin-based blockchain-as-a-service company Factom is partnering with FPT Software, an IT services company stationed in Vietnam. The two enterprises will work with each other to develop a new blockchain technology platform through Factom Harmony — a system that creates audit records regarding data, decisions, activities and events. The purpose of the platform is to digitize and store files by utilizing simple APIs and Factom’s blockchain solutions, so information can become confirmable and auditable respectively. Founded in 2014, Factom, Inc. specializes in designing and producing faster blockchain applications […]

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Backpage CEO Pleads Guilty To Laundering Millions In Crypto

Listings site Backpage CEO has pleaded guilty to conspiracy and laundering allegedly $500 mln in revenue, in part via crypto. Listings site Backpage CEO Carl Ferrer pleaded guilty to conspiracy and three counts of money-laundering, in part via cryptocurrencies, in a plea agreement unsealed in federal court in Arizona on April 12. Ferrer admitted he was aware that the “great majority” of the site’s ads were for prostitution services, and had conspired to conceal their true nature. He further admitted to laundering the site’s allegedly $500 mln revenue […]

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Tim Draper Predicts Bitcoin Will Soar to $250,000 in Four Years

In another one of his famous bitcoin predictions that gets widespread news coverage, billionaire investor Tim Draper is now predicting that the price of bitcoin, which today traded at around $8,100, will rocket to $250,000 in four years. Draper, a founding partner in Draper Associates, made the prediction on April 12, 2018, at the Block (Chain) Party at Draper University in San Mateo, California. “I’m thinking $250,000 a bitcoin by 2022,” the investor said, standing in front of his self-named university and wearing a purple tie with […]

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Spring Sees Bitcoin Cash Adoption Rise

After dropping in value with the rest of the cryptocurrency ecosystem the digital asset bitcoin cash (BCH) is making a comeback over the past 72 hours. BCH reached a low of $620 per coin on April 6 and a week later the price has increased over ten percent. At the moment during today’s trading sessions on Friday, the 13th, bitcoin cash is averaging around $760 per coin. Also read: Crypto Exchanges Launch P2P Platforms from Latvia and Bulgaria Bitcoin Cash Market Values Begin to Rebound Bitcoin cash […]

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Collaboration Tools Graphite and Stealthy Create a Decentralized Duo

At a time when concerns over how big companies like Facebook, LinkedIn and Google are handling our data continue to grow, two blockchain-based apps have joined forces to offer productivity tools that give you full control over your own data. Graphite Docs, a decentralized alternative to Google G-suite, has integrated with decentralized messaging app Stealthy, the two companies announced on April 12, 2018. What that means is users of Graphite Docs are now able to view documents and chat with friends and coworkers on a single screen. […]

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Central Bank Of Kenya Warns Banks Against Dealing In Crypto

The governor of Kenya’s central bank announced it had issued a circular to all banks, cautioning against crypto dealings. The Central Bank of Kenya (CBK) has issued a circular to all banks in the country, warning them against dealing with cryptocurrencies or engaging in transactions with crypto-related entities, local news outlet Standard Digital reports today, April 13. CBK Governor Patrick Njoroge mentioned the circular when speaking in front of the National Assembly Committee on Finance, stating that CBK’s warning fell in line with other regulators globally, according […]

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Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS: Price Analysis, April 13

Bitcoin’s value increased by more than $1,000 in half an hour Thursday, Apr 12. Let’s look at the charts to see what comes next. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. On April 12, Bitcoin saw the biggest one-hour trade volume in its history, as price rallied […]

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Japan’s GMO Wants to Borrow Bitcoins from Customers

Japanese internet giant GMO has launched a service to allow customers to lend their bitcoins to the company. Customers’ bitcoin balances will be debited from their GMO Coin trading accounts once loan agreements have been reached. This program is similar to the one launched by the hacked exchange Coincheck last year. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies GMO’s New Service GMO Coin, the cryptocurrency subsidiary of Japanese internet giant GMO, has announced a new service to allow customers to lend their bitcoins […]

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Yahoo! Japan Confirms Entrance Into the Crypto Space

Yahoo! Japan has confirmed that it is entering the crypto space by acquiring a stake in a Japanese cryptocurrency exchange that is already licensed by the country’s financial regulator. The company plans to launch a crypto exchange in the fall of this year. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Yahoo! Enters the Crypto Space Yahoo! Japan Corporation (TYO: 4689) announced on Friday that it is entering the cryptocurrency space. The company expects to launch an “easy-to-use exchange” for cryptocurrencies in the fall […]

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