$9 Million a Day Is Lost in Cryptocurrency Scams
In the time it takes you to read this sentence, $850 will have been lost to cryptocurrency scams. In the time it takes to complete this article, that figure will have risen to $17,000. Phishing; fraud; theft; hacking; it’s all rife. In the first two months of 2018, there were 22 separate scams involving thefts of $400,000 or more. Put it all together and that equates to an average of $9.1 million a day. Oh, and that...
SEC Subpoenas Shepherd ICOs Towards A+ Regulation
The U.S Securities and Exchange Commission is believed to have issued dozens of subpoenas to ICOs in its quest to uncover evidence of securities fraud. Not only has it come after the startups themselves, but it’s reported to have subpoenaed their legal counsel too, as it pursues lawyers who may have facilitated any potential wrongdoing. Meanwhile, a number of companies have filed for A+ regulation, seeking express approval to...
Genesis Launches Whale Sized Crypto-Loan Service
This week the institutional over-the-counter (OTC) digital currency service, Genesis Global Trading, announced it’s creating a lending subsidiary called Genesis Capital that will offer cryptocurrency loans for a fixed period of time. Also Read: More Infrastructure Support Joins the Bitcoin Cash Ecosystem Market Maker Lending Services Genesis Capital will be a new lending firm for institutional investors that provides the...
Transaction Data Suggests a Crypto Recession Is Brewing
Charts can reveal a lot about crypto assets. Past performance and future indicators can be gleaned at a glance, but there’s also a lot more that can be ascertained. A study of several of the most popular blockchains, including bitcoin and ethereum, has shown transaction velocity to have reached its lowest in years. Cryptocurrency is moving at a slower rate, suggesting that a crypto recession could be on the cards. Also...
The Pirate Bay’s Domain Suffers “40% Traffic Drop” After Dutch Blocking
Over the past several years, Dutch anti-piracy outfit BREIN has been engaged in continuous legal action against local ISPs Ziggo and XS4All. BREIN felt they should block The Pirate Bay to reduce copyright infringement but the ISPs felt blocking was disproportionate. The case went all the way to the Supreme Court and then to the EU Court of Justice for clarification. Last June, the ECJ ruled that as a platform effectively communicating...
