We have seen the arrests of multiple cryptocurrency exchange operators over the past few years. In particular, people who run such businesses without the proper licenses find themselves in a world of trouble sooner or later. In Japan, the police have arrested one individual who allegedly ran a Ripple-related exchange business. He scammed at least one investor out of a deposit, which made him a person of interest to the police.
Former XPR Exchange Operator Gets Arrested
This entire story is worth taking note of, especially when considering that the same individual defrauded at least a dozen investors across different schemes.
It’s obvious that cryptocurrency investing is often intimidating and complex for newcomers to the space. This complexity has been one of the largest factors limiting the speed of mass adoption. Without user-friendly tools, even if new investors and traders are sure of what they want to purchase, they may often be unsure of how best to manage and analyze their assets. This is what makes the projects being led by Rublix some of the most promising currently underway, and has the potential to change how users interact with their investments.
Tezos is one of the cryptocurrency ICOs which has received a lot of attention of late. After raising around US$232 million in short order, there are plenty of people with incredibly high expectations for this project. So far, it seems things are not exactly going according to plan, as an internal power struggle is diminishing the project’s chances of success. It was only a matter of time until something like this happened, to say the very least.
Tezos Power Struggle is Problematic
No one can deny any cryptocurrency ICO raising over US$200 million is bound to run into some trouble sooner or later.
There are so many blockchain projects out there, one is almost at a loss when trying to keep tabs on everything. That in itself is no real surprise, as information about most of these initiatives is incredibly difficult to come by. Bank of Canada, one of the more transparent entities in this regard, has announced it will commence the third phase of Project Jasper very soon.
Project Jasper Matters to Bank of Canada and TMX
It has to be said, Project Jasper is one of the more intriguing finance-oriented blockchain ventures in the world right now.
Everybody who surfs the web loves videos. With just a click of the mouse, we can watch anything from profound lectures by world famous academics to a cat playing the keyboard. The distribution and consumption of video streaming is the main driver of internet traffic, accounting for a full 70% currently and expected to reach over 80% in a few years. Yet the platforms for social video networks have become stale and outmoded, which has led to a rise of new applications that look to change the landscape: View.
Not much is happening with the Bitcoin price right now. More specifically, we are seeing some sideways trading again, which is not entirely uncommon right before a weekend. That doesn’t mean we won’t see more Bitcoin price action over the next 48 to 72 hours, but it is doubtful the bulls will show up. For the time being, reaching US$5,700 remains out of reach for Bitcoin.
Sideways Bitcoin price Action is Boring
With virtually all cryptocurrencies remaining pretty flat right now, it is evident there is nothing to be terribly excited about whatsoever.
Most people are well aware of the proliferation of malicious Monero mining software and plugins. In most cases, such tools are embedded on various websites. The Pirate Bay, for instance, is doing exactly that. So far, the overall concept of in-browser Monero mining has garnered a very bad reputation. It turns out there is now a new type of malware which attempts to achieve a similar goal. WaterMiner is a pretty worrisome threat, to say the least.
WaterMiner Continues the Malicious Monero Mining Trend
In a way, no one should be surprised to find out there are many different projects focusing on mining Monero illegally.
Things are pretty much at a standstill in the world of cryptocurrency right now. None of the top cryptocurrencies is making any sort of gains or losses right now. It is true some currencies are struggling slightly, but there is nothing to be concerned about whatsoever. The Ripple price is trying to regain some of yesterday’s losses, although that is much easier said than done, to say the very least.
XRP Price Wants to Reclaim $0.25
A lot can change in the world of cryptocurrency without any real reason behind it.
Over the past few years, we have seen many different opinions regarding Bitcoin. Some see it as the future of money, whereas others claim it is a pyramid scheme waiting to collapse. Ilan Goldfajn, the president of the Brazilian central bank, has taken a rather aggressive stance on Bitcoin. He recently called the world’s leading cryptocurrency a pyramid scheme, which is rather disturbing.
Bitcoin Isn’t a Pyramid Scheme Whatsoever
It is always funny to see how central bankers struggle with the concept of Bitcoin and other cryptocurrencies.
Bitcoin Press Release: fidentiaX is building the World’s First Marketplace for tradable insurance policies by leveraging on blockchain technology
October 19th, Singapore Fintech start-up fidentiaX is in the developmental phase of creating the world’s first marketplace for tradable insurance policies by disrupting the status quo by empowering policy holders to monetise policies on the blockchain.
Phishing attacks have proven to be rather lucrative in the world of cryptocurrency over the past few years. We have seen criminals rely on this method for quite some time now, often resulting in major financial losses for victims. It seems there is a new phishing site on the block related to the MyMonero wallet. Spotting the difference in this fake listing is rather difficult, to say the very least.
Beware the Fake MyMonero website
When it comes to Monero wallets, a lot of people trust MyMonero.
It is evident there has been a lot of negative attention directed toward in-browser cryptocurrency mining. No one wants someone to use his or her CPU cycles to mine Monero without being aware of the situation. TabFor is doing things very differently in this regard. The project uses the same technology as others do, but allows its users to mine cryptocurrency for a charitable cause of their choosing, just by keeping a browser tab open. It’s an interesting concept that may bring some positive attention to this technology.
Bitcoin Press Release: Tech start-up SISA brings Ethereum blockchain technology to pool investments, offering stability and transparency to backers. The platform Pre-sale starts October 20, 2017.
October 19, 2017, City,Singapore – Ethereum blockchain-backed investment pool fund SISA has announced its token pre-sale dates, and platform intentions.
Order has been restored in the world of Bitcoin and cryptocurrency. After a few rough days, the world’s leading cryptocurrency is beginning to see some positive momentum. As of right now, the Bitcoin price is closing in on US$5,700 again. It is the fourth time we have seen an attempt to push the Bitcoin price above US$5,850.
Bitcoin Price Momentum is Still in Place
Few people will be surprised to see the Bitcoin price making another run at surpassing US$5,800 and potentially setting a new all-time high.
Cryptolocator has launched an Ethereum-focused trading platform emphasizing safety and convenience. The new marketplace allows users to trade popular altcoins and provides an assortment of ETH trading pairs.
The second most popular cryptocurrency, Ethereum, boasting an over $30 billion market cap, has proved itself as a demanded trading asset.
The past few days have been filled with ups and downs for most major cryptocurrencies. Although some altcoins would prefer not to be correlated with Bitcoin, they can’t escape this inevitable fate these days. Slowly but surely, things are heading back in the right direction regardless. This is especially true where the Litecoin price is concerned, as surpassing US$60 again is only a matter of time right now.
Litecoin Price Gets Back on Track
Given some of the losses sustained by Litecoin and other altcoins these past few days, it is good to see some positive momentum once again.
ExHasta is a digital platform that uses blockchain to fund development of Moonshot projects (game-changing projects, like Elon Musk’s Hyperloop). It also distributes the intellectual property (patents, hardware specs, and all processes involved) to innovators, entrepreneurs, and businesses; and trains them to use it. And you can invest in them now.
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During pre-sale, for just one week, tokens will have a 30% discount, with no minimum investment.
With a number of projects already having made strides to tokenize the advertising space, it was only a matter of time before the social media influencer market received interest from the cryptocurrency space. The newest entrant to this space is indaHash, an established company that broker deals between brands and influencers. Lead by CEO Barbara Soltysinska, the team is taking their pre-existing business and integrating a new token, indaHash Coin.
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At present, influencer marketing is one of the most dynamic and fastest growing advertisement segments, with a total market projection of 5-10 billion USD in revenues by the end of 2020.
The structures of traditional marketplaces are inefficient and unnecessarily complex, primarily due to their reliance on intermediaries and third party service providers.
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Companies and individuals engaging in trades, sales of goods, and exchange in services are required to depend on escrow services that often demand expensive service and maintenance fees. Such inefficiency and high costs involved in escrow services have created a difficult environment for startups, as the Opporty team explained:
“According to figures provided by the US Small Business Administration, only one out of five new businesses survives beyond the first year of operation.
Bitfinex is the largest Bitcoin exchange by trading volume right now. That situation will likely come to change in about a month from now, though. Bitfinex has officially announced it will exit the US market as early as November 9th. This is a major development in the world of Bitcoin and cryptocurrency, even though the long-term impact should be minimal.
A Major Announcement by Bitfinex
Most cryptocurrency enthusiasts are well aware that Bitfinex was bound to leave the US market sooner or later.
When it comes to cryptocurrencies which provide fungibility, privacy, and anonymity, there are very few options at one’s disposal today. Monero is by far the market leader in this regard. In fact, a new darknet marketplace known as Libertas will accept payment by Monero only. It’s a major development in the DNM scene, where the use of Bitcoin is dwindling.
Libertas Makes a Brave Decision
In the world of darknet marketplaces, a lot has changed over the past few months.
Just a few days ahead of the scheduled hard fork, Bitcoin Gold has finally received an updated website. On the surface, it looks a lot more professional, even though the use cases for this altcoin remain unclear. Additionally, there is no indication as to who will support BTG in the first place. Now is a good time to go over some of the specifics on Bitcoin Gold as outlined by its team.
Bitcoin Gold Updates Don’t Clarify Much
As most people would have expected, the information found on the updated Bitcoin Gold website still does not explain all that much.
A vast array of new cryptocurrencies have come into being as of late. Not all of these coins will serve any real purpose, with some of them even being considered outright scams. Famous video game streamer Athene is in the process of launching an ICO for a new digital currency without a clear purpose. So far, this idea has received a lot of negative feedback, which shouldn’t surprise anyone right now.
A lot of people are confused over what is going on with Bittrex right now. Plenty of users can no longer withdraw large amounts of money or even have had their accounts closed. This situation is not all that surprising, considering the company introduced a major policy change quite some time ago. Those changes have only recently gone into effect, which is currently causing a lot of confusion.
Bittrex Policy Changes Cause Confusion
A few weeks ago, we touched upon the latest round of policy changes affecting users of Bittrex, the popular cryptocurrency exchange.
With most cryptocurrencies going deep red today, there is hardly anything to be even remotely excited about. There is one currency which is successfully bucking this trend once again. The NEO price is up by as much as 5.73% in USD value and 12.11% in BTC value. An interesting turn of events, although it seems NEO is simply continuing its previously established uptrend.
NEO Price Breaks the $30 Resistance
A few days ago, NEO was still looking for its stable price floor.