ICOs Have Raised $2 Billion This Year – Mostly from Private Sales

Despite the quality of this year’s initial crowd offerings being patchy at best, investors’ appetite for them remains unsated. $2 billion has been raised already, placing 2018 on course to comfortably surpass 2017’s total of $5.7 billion. But with the structure of these sales now geared increasingly towards private investors, the public have been left to fight for the scraps. Data shows that 84% of all ICO fundraising this year has come from private and presales. Also read: Crypto Index Fund Bitwise Delivers 45% Return in First Two Months Private Sales…

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Sp8de Hits the Jackpot with Two New Advisors

Sp8de is changing the online gambling game, from a jackpot-based ICO to using a Cardano-based blockchain.  Now, with the addition of two new advisors, the platform hopes to continue its trailblazing journey. Online gambling is not only a multi-billion-dollar industry, it also provides a convenient outlet for people to relax from the comfort of their own home, while still potentially making some money. When combined with the security and efficiency of blockchain technology, online gambling takes a big step into the fast-approaching digital future, a future that Sp8de wants all…

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IPStock: Stock Images on the Blockchain

For many content creators, managing their digital art and images over several platforms has always been a frustrating experience. IPStock aims to revolutionize this market; it offers a visual content registry on the blockchain, along with a license management system using smart contracts. Want to Sell Your Images? Good Luck. Many talented individuals around the world employ their photographic and graphics creations skills as a source of income. Photos and drawings can be uploaded to stock image sites such as ShutterStock or GettyImages, where interested individuals and organizations can purchase them…

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US Federal Authorities Arrest Man for Selling 9.99 Bitcoin

If you are thinking about selling bitcoin for cash inside the Unites States to people you don’t know, caution is advised. A reminder to stay alert for undercover government agents who might try to entrap you has been served by a recent California case. Also Read: Cryptocurrency Regulator Found Dead at His Home in South Korea Another Bitcoin Arrest in the US ICE Headquarters in Washington, DC An American citizen was arrested earlier this month for selling bitcoin by the Immigration and Customs Enforcement (ICE) agency, the federal government law…

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South Korea Supports ‘Normal’ Cryptocurrency Transactions

The director of the South Korean Financial Supervisory Service has announced that the government will support “normal” transactions of cryptocurrencies. Acknowledging that most crypto exchanges are having problems obtaining virtual accounts, he promises to encourage banks to work with them. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Supporting ‘Normal’ Crypto Transactions The director of South Korea’s Financial Supervisory Service (FSS), Choi Heung-sik, said at a press conference on Tuesday, as reported by Yonhap: The government will support ‘normal transactions’ of cryptocurrencies. Choi Heung-sik. The Korea Times further quoted him…

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South Korean Regulator Supports ‘Normal’ Cryptocurrency Transactions

The director of the South Korean Financial Supervisory Service has announced that the government will support “normal” transactions of cryptocurrencies. Acknowledging that most crypto exchanges are having problems obtaining virtual accounts, he promises to encourage banks to work with them. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Supporting ‘Normal’ Crypto Transactions The director of South Korea’s Financial Supervisory Service (FSS), Choi Heung-sik, said at a press conference on Tuesday, as reported by Yonhap: The government will support ‘normal transactions’ of cryptocurrencies. Choi Heung-sik. The Korea Times further quoted him…

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Bangladesh Authorities on “Hunt” for Bitcoin Traders

Bangladesh – one of the few countries presently attempting to enforce a ban on cryptocurrency trading and use – has announced that several major state institutions will begin ramping up efforts to crack down on bitcoin adoption among Bangladeshi citizens. Also Read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Bangladesh Central Bank Warns Financial Institutions Against Cryptocurrency Users Bangladesh Bank officials have again issued a warning pertaining to cryptocurrencies, this time seeking to deter the country’s banks from providing services to bitcoin users. An official from the Bangladesh Financial…

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Dogecoin Hard Forks To ‘Dogethereum’ Later In 2018

News that Dogecoin had become a test asset for Ethereum’s inter-coin Rinkeby testnet has sparked a project aiming to hard fork it later this year. Dogecoin’s ‘Serious’ Year? Dogethereum (DOGX), which shares its name with the Rinkeby project known as Dogethereum Bridge, is looking to branch off from the Dogecoin chain in fall. This would constitute Dogecoin’s first ever hard fork. “Dogethereum is new decentralized digital currency, it will be founded on snapshot of popular Dogecoin, based on ETH algorithm with fastest speed of transactions, smart contracts,” developers describe on…

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World’s Most Miserable Country to Launch Its Own Cryptocurrency Today

Nicolás Maduro Moros

Venezuela’s state-backed cryptocurrency, Petro, is about to hit the market. Amidst an extreme economic crisis in the South American country, however, there is little reason to expect anything other than failure. State-Issued Crypto Amidst a Crumbling Economy Today, Venezuela is scheduled to launch the world’s first ever state-backed cryptocurrency with its new oil-backed Petro token, which many are construing as a desperate cash grab by a corrupt government amid an ever-worsening economic meltdown. Called Petro, each digital token — according to Venezuelan President Nicolas Maduro — will be backed by…

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Israeli Bitcoin Company Sues Banks for Not Letting it Open Accounts

An Israeli company that was created in January has gotten its business rejected by all banks in the country, and is now suing them. Without a bank account, an Israeli exchange would not be able to legally receive fiat transfers from clients, effectively preventing it from starting operations. Also Read: Israel Tax Authority: Bitcoin is Property, Not Currency Banking Cartel Bitflash LTD, a new Israeli company which was established to provide digital currency trading services based in Acre, has asked the Tel Aviv District Court on Sunday to order all…

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