“ICOs are ‘Absolutely Not’ all fraudulent”
– Jay Clayton, SEC Chairman,
when asked if all ICOs are fraud.
Happy Friday! Or at least that’s what I keep telling myself. Did you know yesterday was considered Satoshi Nakamoto’s birthday? It actually coincides with the law on confiscation of gold in the United States and its abrogation. Cryptocurrency market dips below $250 billion, bitcoin price struggles at $6,600. It’s time investors take stock, but bitcoin has a future, says crypto exchange founder David Chapman; who have predicted Bitcoin would end the year at $100K. Bitcoin selling pressure could dry up after tax day, says Tom Lee. There are 3 reasons why Bitcoin price will rebound in Q2 2018:
- As Tom Lee believes US Tax Season’s nearly over
- Coincheck deal in sight
- History is on Bitcoin’s side.
Capital Economics believe Bitcoin is ‘worthless’ and will perform worse than stocks in the coming months. Worthless or not the development continues; of course with its challenges. Bitcoin Lightning Network poses serious weakness and the images aren’t what they seem; it paints an imperfect picture. Could Proof of Burn (PoB) be a better alternative to Proof of Work (PoW)? Bitcoin Cash prepares for a new hard fork to 32MB blocks soon. Mike Hearn believe Bitcoin Cash is repeating Bitcoin’s mistake. OmiseGo (OMG) partners with Korean Shinhan Card and EOS takes another step to the main launch with DAWN 3.0 release. Both Verge and Electroneum suffers from mining attacks.
When it comes to mining, Canada is seeing a lot of action. HyperBlock will acquire CryptoGlobal for C$106M and a Canadian mining firm is abandoning Gold to focus on Crypto mining. Blockchain could solve one of the art industry’s biggest problems – digital rights. Blockchain-based automation is changing the crypto-payments space. IBM patents solutions for blockchain-powered app testing. Research team devises a spurious way to track “tainted” Bitcoin. When it comes to tracking Crypto no one does it better than Chainalysis and that’s why Benchmark just funded them to the tune of $16 Million Series A round.
Here comes the Chatbots. both Exenium (Exchange for hipsters) and Ben (AI based Bitcoin Wallet) are launching chatbots to help you invest and trade Cryptocurrencies. Bitflyer will be adding computer language co-creator as an advisor.
Globally, Chilean Cryptocurrency Exchanges See Banking Blockade with Shuttered Accounts, Don’t Believe the FUD, India Has Not Banned Cryptocurrency, Coinnest CEO and 3 Other Crypto Executives Detained by SK Prosecutors, Spain’s Tax Authorities Seek Crypto User Names, and Bank Accounts, Cryptocurrency Demand is So Strong That Japan Can’t Find Enough Coders, Japanese Research Group Calls for ‘Appropriate’ ICO Rules, Malta Finance Regulator Warns Against Crypto Margin Trading Site, Telegram Cryptocurrency Will Undermine Iran’s National Currency, Says Cyberspace Council Executive, African Farmers to Get Crypto Loans from Fintech Startups, and Swiss Central Banker: State-Backed Crypto Would Pose ‘Incalculable Risks’
There is so much more going on and the only way to know is to click HERE for all the articles from the past 24 hours.
Happy Investing and Trading!