Japan Reclassifies Crypto While Hong Kong Tightens Regulations
Two of the most crypto friendly nations on the globe have been revisiting their regulatory frameworks this week. Japan has reclassified its terminology of cryptocurrencies while over in Hong Kong regulators want more oversight on exchanges and crypto companies. FSA to Change Moniker for Crypto Japan’s Financial Services Agency has made moves to label Bitcoin […]
Crypto ICO Price Continues to Fall, Likely Due to Growing Regulatory Pressure
Blockchain and crypto projects that raised millions of dollars via tokenized crowdfunding means are now lining up to return their capital to their original investors. Because apparently, they were not allowed to raise funds in the first place. The Securities and Exchange Commission (SEC) has gone after these startups for reportedly violating existing securities laws. The […]
ICO Funding Continues to Plummet Amidst Crypto Bear Market
The latest statistics regarding ICO funding in recent months shows that investors continue to turn away from investing in ICO projects amidst the persisting crypto bear market. The statistics, which were reported in the latest issue of the Diar digital asset newsletter, show that ICO fundraising in November plummeted to the lowest level of 2018. The […]
Gold Demand Rising: Investors Turn to Precious Metal as Safe Haven Asset
Recent global economic concerns and stock market volatility seem to have increased demand for gold as a safe haven asset. The price of the precious metal hit its highest level since June in the yesterday’s trading session. Investors are turning to the historical store of value in rising numbers to protect their wealth amid geopolitical […]
In Bear Market, Korea’s Biggest Crypto Project ICON Showed Solid Progress
A goodbye note from Deblock’s now-former Head of Research revealed the progress of their ICON blockchain project in all these months. And they looked extremely positive. As he left the company to pursue his startup, Markus Jun noted ICON as one of the very few blockchain projects that showed significant accomplishments despite staying inside a […]
Kik Begins Rollout of Crypto Ecosystem with Kin Tipping Feature
The Kin Foundation has begun rolling out its plans to build a cryptocurrency ecosystem to power its messenger platform, starting with a new tipping feature. Kik, the popular messenger app for iPhone and Android, revealed today a new tipping feature that uses the company’s native Kin cryptocurrency token, reports The Next Web. The feature will […]
What Does Floyd Mayweather’s Crypto ICO Settlement with the SEC Imply?
Boxing champion Floyd Mayweather Jr. and music producer DJ Khalid have both settled charges with the U.S. Securities and Exchange Commission (SEC) for failing to disclose that they were paid to promote initial coin offering (ICO) projects to the public. The charges against the two celebrities came about after they both used various social media outlets to […]
ICOs Yet to Liquidate All of Their Ethereum, Could Another Drop be Imminent?
There is still a lot of Ethereum tied up in ICO projects and the fear is that a mass liquidation could send the token back below three figures in price or, even worse, to early 2017 levels. ETH Back to The Stone Age? Ethereum is already in a world of pain, falling to an 18 […]
Facebook Is Developing a Cryptocurrency for WhatsApp Transfers
Facebook Inc. is working on making a cryptocurrency that will let users transfer money on its WhatsApp messaging app, focusing first on the remittances market in India, according to people familiar with the matter. The company is developing a stablecoin — a type of digital currency pegged to the U.S. dollar — to minimize volatility, […]
Bain-Backed Crypto Startup Closes as Securities Laws Bite
The worst thing you can call a cryptocurrency project isn’t a “scam” or a “Ponzi scheme” — although many have been called that. It’s a “security.” By casting digital assets in with stocks and bonds, the more stringent rules governing those traditional asset classes will be applied to cryptos. For proof of what that can […]
Chinese Miners Become the Biggest Bitcoin Short-seller in the Bear Market
The current Bitcoin price chart entirely mirrors this market’s last dismal bear market in late 2014 and early 2015. At that time, veteran miners were keep mining and holding their coins during the dark days and got amazing returns in the subsequent bull market in 2017. “If I mine 30 tokens in the next month, […]
Social Reality Announces CFO Transition
Social Reality, Inc., a digital marketing and consumer data management technology company, reported J.P. Hannan will step down from his role as Chief Financial Officer. Mr. Hannan will continue to work for the Company during a yet to be determined transitional period. After Mr. Hannan’s last day of employment, Christopher Miglino, the Company’s president and […]
Token Liquidity Plummets Leaving Bag Holders High and Dry
Despite cryptocurrency prices having plunged 80-95% from the start of the year, traders aren’t taking a punt on the bargain. Token volumes have plummeted across major exchanges with 60% of listed cryptocurrencies trading below January levels. Order books are now filled to the brim on the sell side with November, to date, seeing an acceleration […]
Bitcoin-Rigging Criminal Probe Focused on Tie to Tether
As Bitcoin plunges, the U.S. Justice Department is investigating whether last year’s epic rally was fueled in part by manipulation, with traders driving it up with Tether — a popular but controversial digital token. While federal prosecutors opened a broad criminal probe into cryptocurrencies months ago, they’ve recently homed in on suspicions that a tangled […]
Israeli Investment House Offers Crypto Funds for Institutions
Silver Castle Ltd., Israel’s first dedicated cryptocurrency investment firm for institutional and accredited investors, launched two funds this month and expects to have $50 million under management by the end of the year. The launch comes after a bad year for Bitcoin, which has fallen more than 70 percent from a record high last December. […]
