Monthly Archives: April 2018

Telegram’s Pavel Durov Is Using Bitcoin to Bypass Russian Sanctions

Telegram CEO Pavel Durov is battling against Russian security forces, after they implemented a block on Monday, April 16, 2018, on the messaging app when it refused a court order to “grant state security services access to its users’ encrypted messages,” according to Reuters. The move was initiated by Alexander Zharov, head of the Russian watchdog organization Roskomnadzor, who has blocked 18 sub-networks and various IP addresses belonging to both Amazon and Google in the process. “We have currently informed both companies that a significant number of […]

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In Apparent Exit Scam CEO Of German Startup Is ‘Over And Out’ After $50 Mln ICO

In apparent exit scam, German startup Savedroid founder posts a Tweet saying “over and out” аfter raising $50 mln in ICO. The founder of German-based startup Savedroid has allegedly disappeared after raising a reported $50 mln through both an Initial Coin Offering (ICO) and private funding, according to local news outlet WirtschaftsWoche, today April 18. CEO and founder Yassin Hankir apparently left the intention behind his disappearance fairly clear with the following tweet, posted earlier today, apparently in Egypt: Thanks guys! Over and out … #savedroidICO pic.twitter.com/PMRtjlbEdD […]

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Brazil’s Largest Brokerage Reportedly Working on OTC Bitcoin Brokerage

The OTC bitcoin trading market appears to be attracting big banks and brokers from all over the world who wish to secure a piece of this growing pie for themselves. And the latest company that might create a brokerage specifically for the field is from the largest economy of South America.  Also Read: Barclays Testing the Waters for a Cryptocurrency Trading Desk XDEX OTC Brokerage Financial services firm XP Investimentos SA, operating the largest securities brokerage in Brazil, is reportedly working on a new venture in the […]

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Dow Jones Group Teams Up with Brave Software to Test Basic Attention Token

In a collaborative effort to test the Brave platform and its digital advertising token, the Basic Attention Token (BAT), the Dow Jones Media Group has joined up with the Brave Software team. On April 18, 2018, the two organizations announced that they will experiment with blockchain technology in the realm of digital advertising and media publication. This entails testing the Brave browser’s digital advertising platform and its native currency, BAT, across the Dow Jones Media Group’s brands, which includes Barron’s, the Wall Street Journal and MarketWatch. Created […]

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Unpacking the 5 Biggest Cryptocurrency Scams

In the wake of the Pincoin/iFan ICO scams in Vietnam, we take a look at the five biggest cryptocurrency scams to date. Cryptocurrencies have revolutionized the way the world looks at transactions – but they’ve also facilitated some monumental scams over the past nine years. The success of Bitcoin and a number of altcoins jumpstarted an industry that is incorporating Blockchain technology in a number of innovative ways. While the smartest minds have created some game-changing companies backed by the power of Blockchain and cryptocurrencies, nefarious minds […]

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Chinese Police Arrest 4 Suspects For Alleged $13 Mln Crypto ‘Pyramid-Scheme’

Chinese police have arrested four suspects in an allegedly fraudulent crypto scheme in the northwestern city of Xi’an that cost investors $13 mln. Police in China’s northwestern city Xi’an have arrested a primary suspect and three accomplices for a suspected cryptocurrency “pyramid-scheme” that is alleged to have defrauded over 13,000 investors of ¥86 mln ($13 mln), local news reported April 18. The chief suspect, identified by his surname Zheng, allegedly began preparations for the scheme in October 2017, which used an altcoin called Da Tang Coin (DTC) […]

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Cryptocurrency: The Japanese Market Really Soars

The Japanese Financial Services Authority has just released it’s latest findings which are quite surprising and heavily focused on Cryptocurrency. The results have been compiled from 17 Cryptocurrency exchanges in Japan and really do show how things are moving in Japan. There are now over 3.5 million active crypto traders in a population of 127 million (2.76%). The Results Are In From the latest survey results, the majority of crypto traders are in the age brackets of 20 to 40 years old. 34% of these are in […]

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Blockchain-Friendly Malta Attracts Another Blockchain Company

Blockchain-based, equity fundraising platform Neufund, whose technology allows tokenization of shares and fundraising on the blockchain, is announcing that it will establish a strong presence in Malta and support Malta’s rapidly expanding blockchain ecosystem. Neufund, a startup headquartered in Berlin, is the latest of many blockchain companies that have established a presence in the Mediterranean island nation, attracted by the promise of crypto-friendly regulations. Last week, cryptocurrency exchange OKEx announced that it is expanding its operations to Malta. In late March, Binance, the largest cryptocurrency exchange by […]

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Op Ed: Cryptocurrency Advertising Continues to Face Scrutiny

Public interest in cryptocurrency has led to a rush of recent advertising, mostly on social media and the internet. Much of that advertising has focused on driving consumer interest in contributing money to an Initial Coin Offering or ICO. Unlike other forms of private investment, which are off limits to all but wealthy, accredited investors, interest in cryptocurrency extends beyond Wall Street to Main Street investors and this has regulators worried. Where some see opportunity, regulators see potential fraud and abuse. The ads that seem to have […]

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US Stablecoin Project Basis Raises $133 Mln From Major VC Firms

New proposed stable cryptocurrency project Basis raises $133 mln from big name VC investors. The US-based Blockchain project Basis (formerly known as Basecoin), which claims to provide a non-volatile cryptocurrency or stablecoin, has recently raised $133 mln in funding from big name investors, according to an official blog post published today, April 18. Basis announced today that they had raised $133 mln in private placement from a slew of major venture capital players, including Bain Capital Ventures and Andreessen Horowitz. Basis was launched in 2017 as a […]

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