Month: January 2019

Social Media Platform Kik Promises to Challenge Proposed SEC Enforcement Against Its ICO

boss

Tokenized social media startup Kik has warned United States regulators that they would fight back against a proposed enforcement action against the company, the Wall Street Journal (WSJ) reported on Jan. 27. Canada-based Kik is facing a prospective enforcement action over an alleged securities infraction, after the U.S. Securities and Exchange Commission (SEC) judged its 2017 initial coin offering (ICO) to have involved the sale of unregistered securities. The startup is reported to have raised around $100 million in “kin” tokens for its chat-based social media network — which can…

Major Exchanges Join Forces to Combat Money Laundering

boss

Four major South Korean cryptocurrency exchanges have reportedly joined their forces in order to combat money laundering, sources told local news agency The Korea Herald on Monday, Jan. 28. Quoting a report from South Korean news outlet Yonhap, the articles notes that Bithumb, Upbit, Korbit and Coinone have reportedly established a hotline where users can share information on any unusual trading or payments that could possibly be related to crimes, such as pyramid schemes. According to an anonymous representative of one of the operators, the exchanges will thereby be able…

Coincheck Owner Monex Warns of Scammers Impersonating Its Businesses

boss

Japanese online broker Monex Group, owner of hacked cryptocurrency exchange Coincheck, warned of a new scam claiming to be related to its business in a news release on Jan. 28. The scam, about which only brief details have been released, involves potential victims receiving calls from an entity dubbed “Monex Coin Management.” They are then invited to call a form of automated trading system linked to Monex, the release states, something that does not exist in practice. “The Monex Group and (subsidiaries) do not have any relation with the above…

Bitcoin Cash Slips 11% as Crypto Market Starts Week with $6 Billion Loss

boss

The light at the end of the tunnel could be a train. The saying fits Bitcoin Cash ABC whose market capitalization established a weekly high at $2.36 billion on January 24. But, at the start of this week, the cryptocurrency’s cap fell to as low as $1.94 billion. BITCOIN CASH 7D PERFORMANCE | SOURCE: COINMARKETCAP.COM Key Support Range Broken At 1354 UTC, the BCH/USD pair was trading at 110.81, down 11% on a 24-hour adjusted timeframe, according to data aggregator CoinMarketCap.com. The service also highlighted that traders exchanged large hands…

Bitcoin Price Looks South After Drop to Six-Week Lows

boss

Bitcoin ended a two-week period of consolidation with a drop to six-week lows earlier today. The leading cryptocurrency by market value fell below $3,470 at 04:45 UTC, confirming a downside break of a triangle pattern. That range breakdown was followed by a quick slide to $3,357 – the lowest level since Dec. 17 – according to Bitstamp data. A prolonged period of consolidation usually yields a big move in the direction of the breakout. For instance, BTC ended a multi-week-long trading range with a move below $6,000 on Nov. 14…

Bitcoin Trading Platform LocalBitcoins Hacked with Thousands of Dollars Stolen

boss

LocalBitcoins has become a victim of a phishing attack. At least six users have been affected after following a link to a fake LocalBitcoins page. Though crypto platforms do their best to ensure the highest security of funds of their clients, due to the nature of the modern technologies the threat still exists. Hackers always try to detect the weak points in platforms’ protection and use them in their interests staying unnoticed. This time sad new have come from peer-to-peer trading service LocalBitcoins. Phishing Attack According to the information revealed,…

Regulatory Arbitrage in Crypto Will Intensify

boss

Monero (XMR) core developer Riccardo “Fluffypony’” Spagni has said he expects regulatory arbitrage to become an increasingly prevalent and impactful phenomenon in the crypto space in coming years. Spagni made his remarks during a panel at the annual “Innovate Finance” event, hosted by digital assets liquidity provider E8 Partners in Davos, Switzerland on Jan. 25. Spagni began by dismissing the notion that “the very existence of crypto is going to cause governments to topple […] [as an] obviously ludicrous […] pipe dream” — underscoring that decentralized finance will not immediately…

Civic CEO: If Bitcoin (BTC) Breaks $3,000, Crypto Winter Will Go “Nuclear”

boss

$3,300 An Essential Bitcoin Price Level, Says Analyst As hinted at in a previous Ethereum World News report, the past few hours have been dismal for the broader cryptocurrency market. The aggregate value of all digital assets has fallen from $121 billion to $115 billion in a few hours’ time, as Bitcoin bulls lose traction to the seeming copious amount of bears pressuring BTC lower. With this move, the flagship cryptocurrency has come to retest the $3,500 price point, a level of interest in the eyes of analysts. Interestingly, BTC has…

Civic CEO: If Bitcoin (BTC) Breaks $3,000, Crypto Winter Will Go “Nuclear”

boss

$3,300 An Essential Bitcoin Price Level, Says Analyst As hinted at in a previous Ethereum World News report, the past few hours have been dismal for the broader cryptocurrency market. The aggregate value of all digital assets has fallen from $121 billion to $115 billion in a few hours’ time, as Bitcoin bulls lose traction to the seeming copious amount of bears pressuring BTC lower. With this move, the flagship cryptocurrency has come to retest the $3,500 price point, a level of interest in the eyes of analysts. Interestingly, BTC has…

ICO celebrates the success of innovative data protection projects on Data Protection Day 2019

boss

Innovative data protection projects funded by the ICO are making a real difference to public trust and confidence in privacy issues. The projects were the first to receive money as part of the ICO’s grants programme, which facilitates innovative, independent research focused on privacy and data protection issues. It aims to increase the public’s trust and confidence in how their personal data is used. Now three of the grant recipients have spoken for the first time about how they’ve used the money. On Data Protection Day 2019 the ICO will…