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$6.3 Billion: 2018 ICO Funding Has Passed 2017’s Total

$6.3 Billion: 2018 ICO Funding Has Passed 2017’s Total

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. $6.3 Billion: 2018 ICO Funding Has Passed 2017's Total Initial coin offerings (ICOs) raised more money in the first three months of 2018 than the whole of 2017, according to data collected by CoinDesk. At $6.3 billion, ICO funding in the first quarter is now 118 percent of the total for 2017, a figure that might go a long way toward undermining a common perception that the controversial fundraising method will soon be extinct. Still, the data perhaps tells a more nuanced story of growth. For instance, both the size of the average funding round and the rate of project funding are higher than ever. The first quarter saw 59 percent as many ICOs as in all of 2017 receive capital. There's also the question of how to count Telegram...
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$6.3 Billion: 2018 ICO Funding Has Already Outpaced 2017’s Total

$6.3 Billion: 2018 ICO Funding Has Already Outpaced 2017’s Total

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. $6.3 Billion: 2018 ICO Funding Has Already Outpaced 2017's Total Initial coin offerings (ICOs) raised more money in the first three months of 2018 than the whole of 2017, according to data collected by CoinDesk. At $6.3 billion, ICO funding in the first quarter is now 118 percent of the total for 2017, a figure that might go a long way toward undermining a common perception that the controversial fundraising method will soon be extinct. Still, the data perhaps tells a more nuanced story of growth. For instance, both the size of the average funding round and the rate of project funding are higher than ever. The first quarter saw 59 percent as many ICOs as in all of 2017 receive capital. There's also the question of how to coun...
CryptoGirl
$8,300: Bitcoin Seeks Direction at Key Price Hurdle

$8,300: Bitcoin Seeks Direction at Key Price Hurdle

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. $8,300: Bitcoin Seeks Direction at Key Price Hurdle Bitcoin (BTC) remains in bullish territory today, but a major break above the long-term descending trendline has been elusive. That failure on the part of the bulls means the cryptocurrency needs a major move above $8,300 soon to lessen the risks of another sell-off. The trendline resistance is around $8,285 currently. However, soon before press time, BTC was closing in on that target level and changing hands at $8,226 on Bitfinex (up 1.4 percent on a 24-hour basis). So, the next few hours are likely to determine the pattern going forward. Daily chart As the chart above shows, BTC is trading in a tight range ($8,032-$8,285) this morning, but is holding well above the ascendi...
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Scam Twitter Profile Impersonates 6 Different Crypto Accounts

Scam Twitter Profile Impersonates 6 Different Crypto Accounts

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Scam Twitter Profile Impersonates 6 Different Crypto Accounts In an egregious example of the "blue checkmark" scam infecting crypto-Twitter, a fraudulent account that recently aimed to dupe users of the cryptocurrency Verge moved onto Bitfinex - that is, before going dark complete.y The Next Web reported Wednesday that freelance film producer and director Seif Elsbei's verified Twitter account (@seifsbei), which boasts Twitter's coveted blue checkmark and over 83,000 followers, was posing as the official account of the Verge developers. The cryptocurrency was thrust into the limelight Tuesday with the news that Pornhub would accept it as a payment method. Verge's real account, @vergecurrency, lacks a verified checkmark, which the
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Crypto Privacy Tokens See Price Lift on Pornhub Deal

Crypto Privacy Tokens See Price Lift on Pornhub Deal

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Crypto Privacy Tokens See Price Lift on Pornhub Deal The privacy-focused cryptocurrencies are reporting solid gains today, soon after Pornhub announced it will now accept payments in verge's XVG token. Monero (XMR), the world's 11th largest cryptocurrency by market capitalization, clocked a four-week high of $232 earlier today and is changing hands at $227 - up 14 percent in the last 24 hours, according to CoinMarketcap. Other privacy-focused cryptocurrencies like dash (DASH), zcash (ZEC) and lesser-known names like PIVX (PIVX), Zcoin (XZC) and NavCoin (NAV) are are also seeing bids. So, it appears that the verge-Pornhub partnership has boosted the appeal of the cryptocurrencies offering real anonymity, perhaps since investors ar...
CryptoGirl
Bitcoin Price Defends $8K But Pullback Still in Play

Bitcoin Price Defends $8K But Pullback Still in Play

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin Price Defends $8K But Pullback Still in Play Bitcoin (BTC) remains on the hunt for a major bullish breakout after bouncing back from an overnight dip. Prices hit a four-day low of $7,823 yesterday reportedly due to whale dumping over $50 million-worth of the cryptocurrency in one Bitfinex trade. The news that New York's attorney general is taking a closer look at major cryptocurrency exchanges operating in the state may also have dampened the bull mood. The sudden price drop raised the possibility that the rally from the April 1 low of $6,425 had run out of steam. However, BTC's sharp return from $7,873 to $8,160 this morning established the area around $7,800 as a strong support level and indicates a strong dip-demand me...
CryptoGirl
Sell the News? Verge Token Drops After Porn Partner Reveal

Sell the News? Verge Token Drops After Porn Partner Reveal

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Sell the News? Verge Token Drops After Porn Partner Reveal Verge's XVG token is witnessing a classic "sell the news" trade. The privacy-focused token ran into offers after the news hit the wires at 10:00 EST that Pornhub, the biggest website in the porn industry, would accept XVG as a mode of payment, officially putting an end to rumors of a breakthrough partnership that have been in the air since late March. Developers had been doing their best to fan the flames, billing the announcement as one of the biggest cryptocurrency collaborations to ever hit the market, and investors responded by pouring money into XVG (buy the rumor), pushing it higher by more than 300 percent in the last two weeks. Now that the partnership is official
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Crypto Hedge Funds Face Tough Choices on Tax Day

Crypto Hedge Funds Face Tough Choices on Tax Day

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Crypto Hedge Funds Face Tough Choices on Tax Day Jon P. Brose is a partner and Brett R. Cotler is an associate in the blockchain and cryptocurrency practice at the law firm of Seward & Kissel. The following article is an exclusive contribution to CoinDesk's Crypto and Taxes 2018 series. Like so much else in cryptocurrency taxation, the rules for crypto funds - pooled investment vehicles that seek above-market returns from digital asset investments - are far from straightforward. In some instances, a tax law concept may include (or not include) crypto assets as securities or commodities for tax purposes. In other instances, existing interpretation of U.S. tax law predates the advent of cryptocurrency (thus not considering uniq
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$8,500? Bitcoin Eyes Gains with Key Support at $7,900

$8,500? Bitcoin Eyes Gains with Key Support at $7,900

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. $8,500? Bitcoin Eyes Gains with Key Support at $7,900 Bitcoin remains in a bullish territory for now and is looking at further gains, though a pullback is possible if support at $7,900 is breached, according to technical studies. The cryptocurrency's first attempt to scale the long-term descending trendline (drawn from the Dec. 17 high and Jan. 6 high) failed on Monday and prices fell below $8,000 as expected at 12:00 UTC. It's worth noting that the Bollinger bands (seen on the chart below) show the volatility dropped after BTC dipped below the psychological mark, likely signaling indecision among the bears. As a result, it is not surprising the dip below $8,000 was short-lived. As of writing, BTC is changing hands at $8,145 on B...
CryptoGirl
Why the IRS Should Treat Crypto as a New Asset Class

Why the IRS Should Treat Crypto as a New Asset Class

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Why the IRS Should Treat Crypto as a New Asset Class Zac McClure is the Co-founder of TokenTax, a cryptocurrency tax startup. The following article is an exclusive contribution to CoinDesk's Crypto and Taxes 2018 series. 2017 was a banner year for cryptocurrency--an expansive bull market, exciting new coins, and an explosion of crypto-related services. As cryptocurrencies finally reached the mainstream, regulators and governments have stepped up their oversight. While some nations banned (and rapidly un-banned) cryptocurrency marketplaces and services, the United States moved towards more stringent IRS enforcement by establishing a dedicated cryptocurrency team and forcing major exchanges like Coinbase to turn over user infor...