Crypto market experienced a $27 billion drop in valuation overnight, experts explain factors and trends. On November 15, within a 24-hour span, the valuation of the crypto market fell from $210 billion to $183 billion, by more than $27 billion on a single day. Source: CoinMarketCap.com Fueled by the 18 percent drop in the price […]
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Japan’s financial watchdog reports a lower number of crypto enquiries in comparison to quarter two. The number of enquiries about cryptocurrencies from Japanese investors has declined in the third quarter of 2018, according to a report published by Japan’s Financial Services Agency (FSA) Friday, Nov. 16. The FSA, which oversees the country’s crypto market, published […]
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Crypto loans company Salt, once associated with Erik Voorhees, is facing an SEC probe over its 2017 $50 million token sale and whether Voorhees’ involvement broke the law. Crypto loans company Salt Lending Holdings Inc., once associated with high-profile crypto industry stalwart Erik Voorhees, is facing a U.S. Securities and Exchange Commission (SEC) probe over […]
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Maksim Zaslavskiy’s guilty plea could net him up to 37 months in prison for ICO token fraud. The suspect at the center of the U.S.’ first Initial Coin Offering (ICO) fraud case has pleaded guilty in court, in part settling a case seen as a bellwether for the country’s securities laws, Bloomberg reported Nov. 15. […]
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Chinese crypto mining manufacturer Canaan has let the application for its $400 million IPO on the Hong Kong stock exchange lapse. Cryptocurrency mining equipment producer Canaan’s Initial Public Offering (IPO) application has lapsed, Reuters reported Nov. 15. The offering was set to take place on the Hong Kong Stock Exchange (HKEX). Founded in 2013 in […]
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U.S.-based tech giant Microsoft has launched a serverless blockchain-powered development kit for consortium environments. American software corporation Microsoft has released a serverless blockchain-powered Azure development kit, according to an announcement published Nov. 15. The new product dubbed the “Azure Blockchain Development Kit” purportedly improves the capabilities of Microsoft’s Azure Blockchain Workbench. It contains features like […]
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Major cryptocurrencies continue to see losses after yesterday’s drop in markets, XRP has overtaken Ethereum as the number two coin by market capitalization. Thursday, Nov. 15: yesterday’s fall in crypto markets continues today, with Bitcoin (BTC) dipping below the $5,400 mark, and total market capitalization dropping as low as $174 billion, according to data from […]
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Bitcoin’s slump will take “weeks, if not months” to repair the damage and to build sustainable support for multi-month rally, analyst reports. lt will take “weeks, if not months” to repair the “technical damage” caused by the recent collapse of Bitcoin (BTC), according to a Fundstrat Global Advisors analyst, Bloomberg reports today, Nov. 15. In […]
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Warren Davidson, Republican congressman for the 8th district of the U.S. state of Ohio, plans to introduce a bill that would allow ICOs to “sidestep” securities laws. Ohio Congressman Warren Davidson plans to introduce a bill that would allow Initial Coin Offerings (ICOs) to “sidestep” U.S. securities laws, according to a report from Washington Examiner […]
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Crypto exchange operator OKCoin launches services in Argentina, trading national fiat peso in pairs with several major cryptocurrencies. OKCoin, the parent company for world’s largest cryptocurrency exchange OKEx, has launched fiat-crypto trading services in Argentina, the company revealed in a tweet Thursday, Nov. 15. According to the company’s blog post about the move, customers can […]
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