Please share if you find this article interesting. How to Defend Yourself Against Pump-and-Dump Crypto Scams Tanzeel Akhtar is an independent British journalist whose work has been published in the Wall Street Journal, CNBC, FT Alphaville, Investing.com, Forbes, Euromoney and Citywire. "Pump and dump" schemes have been around since long before cryptocurrency was invented. What's striking about the crypto markets is that this type of manipulation is done out in the open. On various social media channels, for example Telegram, BitcoinTalk and Reddit, groups of individuals come together and agree to buy altcoins at a certain price and to sell simultaneously at a specific time when the price peaks. They often spread false or misleading information to persuade unsuspecting investors t...
Please share if you find this article interesting. Bitcoin, Ethereum Prices Remain Steady Despite ‘Crypto Ban’ From India’s Central Bank The crypto markets are holding their own this week, with Bitcoin (BTC) not venturing too far away from $7,000, even amid news that India’s central bank would stop dealing with crypto-related businesses. The relatively steady prices could be attributed to a big adoption win in Asia yesterday, when Omise and OmiseGO signed a Memorandum of Understanding for fintech and Blockchain innovation with a South Korean banking affiliate. BTC is currently trading for around $6,880, up a little more than 3 percent over a 24 hour period to press time. Ethereum (ETH) is also nearing $400, currently trading at around $381 and up a little more than 3 percent ove
Please share if you find this article interesting. Another One Bites The Dust: Texas Orders Allegedly Fraudulent Crypto Investment Program To Cease And Desist The Texas State Securities Board has sent an Emergency Cease and Desist letter on April 5 to Mark J. Moncher, the Millionaire Mentor University, and several other connected players to stop selling unlicensed securities and defrauding investors in an allegedly fraudulent complex cryptocurrency trading and medical marijuana investment scheme. Two of the other respondents named in the letter, Estrada Trucking and Capital Cash, as well as Moncher, are accused of offering promissory notes that are considered unlicensed securities for a California-licensed, unnamed marijuana growing operation. Moncher and the Millionaire Mentor U...
Please share if you find this article interesting. Tim Draper Calls India’s Crypto Stance A “Huge Mistake,” Warns Of Potential Brain Drain Tech investor Tim Draper, whose recent re-entry to India’s market was prompted by Prime Minister Narendra Modi’s promise to crackdown on corruption, nevertheless criticized India’s negative stance on cryptocurrencies during an interview with The Economic Times published yesterday, April 6. Draper had returned to the Indian market in February 2017 - having exited it in 2016 due to a perceived lack of “rule of law” prompting Draper Fisher Jurvetson to sell their entire Indian portfolio - when the Mumbai-based startup backer Blume Ventures joined the Draper Venture Network. India’s central bank had announced on April 5 that they would no longer d
Please share if you find this article interesting. More Bitcoin ETF Teasing, Encouraging Signs Emerge - Bitcoin News Featured The cryptocurrency ecosystem was sent abuzz this week as the US Securities and Exchange Commission (SEC) published a report of two new applications for bitcoin exchange traded funds (ETFs) to be listed on the New York Stock Exchange (NYSE) Arca. Will the crypto gods finally answer some enthusiasts’ prayers for mainstream adoption? Also read: Help Wanted! Japan Needs Crypto Engineers SEC Appears Closer to Okaying Bitcoin ETFs This time might be different. That’s the mantra sweeping through ecosystem platforms. After what seemed like a permanent hiatus, the SEC is back, supposedly considering allowing the electronic exchange NYSE Arca to host the first
Please share if you find this article interesting. EOSIO’s Dawn 3.0 Platform Added To Github, Claims Blockchain Interoperability Open source software publisher Block.one pre-released its scalability-focused Blockchain platform EOSIO Dawn 3.0 on Github yesterday, April 6, according to an EOSIO Medium post. Dawn 2.0 had been released in December of last year, and the most current pre-release of Dawn 3.0 this April 6 is noted as a “major milestone on the road to EOSIO 1.0,” which reportedly will be released in June. Earlier this month, Block.one and German fintech incubator FinLab AG announced a partnership for developing EOS software with $100 mln of funding. EOSIO’s Medium post writes that that “we think we have achieved” the goal for inter-Blockchain communication, which they des
Please share if you find this article interesting. England: Unauthorized Crypto Futures and ICOs are Criminal Offences - Bitcoin News Featured In a statement released 6 April 2018, the Financial Conduct Authority (FCA) of England attempted to clarify its jurisdiction in the ever-booming cryptocurrency industry. While acknowledging cryptos are “not currently” regulated by the bureau, crypto futures, contracts for difference (CFDs), options, and initial coin offerings (ICOs) do indeed fall under their purview. Furthermore, crypto firms running afoul of necessary FCA authorization are committing “a criminal offence.” Also read: India Searches for Ethereum Over Bitcoin England’s FCA Warns Crypto Firms About Unauthorized Trading “We are aware of a growing number of UK firms offer
Please share if you find this article interesting. Two Crypto Exchanges Suspended by Japan's Financial Regulator - Bitcoin News News The Financial Services Authority of Japan has imposed penalties on three cryptocurrency exchanges following inspections of trading platforms in the country. Two of them have been ordered to suspend operations. Officials are not satisfied with the measures implemented to prevent money laundering and systemic risks. Also read: CEO of Korean Exchange Coinnest among Four Arrested for Fraud FSHO, Eternal Link Suspended, Lastroots Told to Improve The sanctioned crypto platforms – FSHO, Eternal Link, and Lastroots – have received orders to improve their business practices. These were issued by Japan’s financial regulator as part of the ongoing insp
Please share if you find this article interesting. Bitcoin in Brief Saturday: Forks and Fights - Bitcoin News Featured Bitcoin in Brief is your daily roundup of the stories that matter from the cryptosphere. Drama; in-fighting; hacks; humor; it’s all here. In today’s edition, Vitalik Buterin gets catty, Coinbase meets “coinbase”, and Tim Draper has an audacious suggestion for India. Also read: Help Wanted! Japan Needs Crypto Engineers Coinbase and “coinbase” Are Not the Same Thing Coinbase is a cryptocurrency exchange; coinbase (lower case) is a field used for claiming the block reward when mining bitcoin and other cryptos. Confusing the two is easily done, as happened to one Tron enthusiast on Wednesday. After spotting the magic word in the mainnet code for TRX, he theorize
Please share if you find this article interesting. Is Ripple About to Become Another Ethereum? - Bitcoin News Featured For only the second time in its history, an attempt at tokenizing Ripple’s XRP ledger through an initial coin offering (ICO) is being seriously offered by a group not formally associated with the company. It’s an interesting juxtaposition for a project widely believed to be actively separating itself from the messiness of the cryptocurrency world. ICOs are an unintended use case, it turns out, for the legacy banking establishment’s favorite new settlement tech, and, if it proves successful, could push the XRP ledger into Ethereum territory. Also read: India Searches for Ethereum Over Bitcoin Ripple’s XRP Ledger Might Be an Accidental Ethereum “XRP Ledger i