Initial Coin Offerings (ICOs) – Weekly Overview
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After a weekend high of $675, bitcoin drops back to $626
BybtxadmBreaking with a long tradition of boring weekends, bitcoin prices surged to the highest levels since early March over Saturday and Sunday. With average prices briefly breaking the $675 wall on Sunday, prices soon dropped back to the $625 range seen through most of Monday. On some smaller exchanges, such as Vault of Satoshi, bitcoin…
UK exchange Bit121 closes after failed search for new banking partner
BybtxadmToday marks the final day of normal operations for UK-based bitcoin exchange Bit121. The company explained via their website that they were not officially closing, but merely entering a period of “hibernation,” and hope to re-open “at some point in the near future.” While the closure of an exchange is difficult to see as good…
Feds sell $3 million of seized Silk Road bitcoins
BybtxadmIn August of last year, Netherlands-based drug trafficker Cornelis Jan Slomp was arrested at Miami International Airport in a sting operation targeting users of the now-defunct Silk Road online black market site. Slomp recently plead guilty to illegally importing and distributing a massive amount of drugs from March 2012 to August 2013, including 104KG of…
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South Korea Targets Cryptocurrency Exchanges, Futures and ICOs in Proposed Regulations
BybtxadmThanks to China’s increasingly cold stance on cryptocurrency trading, South Korea has emerged in recent years as a hub for digital currency investment and innovation. The country is already home to dozens of major startups in the crypto space, many of which have aims to expand into other southeast Asian markets. The current boom in…
Why Is The Mainstream Press So Pessimistic About ICOs?
BybtxadmAs 2017 winds to a close, the major financial news outlets have begun to publish their year-in-review coverage. Given the utter dominance of bitcoin and other cryptocurrencies during the second half of the year, it’s hardly a shock that many of these articles focus heavily on the future of digital currencies and other blockchain-related topics….
Wisconsin regulators issue bitcoin warning
BybtxadmThe Wisconsin Department of Financial Institutions issued a warning on virtual currencies last week, adding one more official notice on the topic from state-level authorities in the U.S. The statement offered the now-common warnings about cryptocurrency, namely the current price volatility, the lack of oversight and regulation, the association of virtual currency with criminal enterprises,…