Cryptocurrency investors have taken some solace in signs that Bitcoin, Ethereum, and other tokens may finally be poised to break the bearish trends of 2018. Recent days have shown most tokens either making small gains or holding steady while news of institutional involvement with the blockchain dominates crypto news. Some…
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Federal Authorities Allegedly Raid Nonprofit Tech Group in Cryptocurrency Investigation
It is being reported by a Michigan television news organization that last month U.S. federal authorities raided a local science and tech center and that the raid was made in conjunction with a cryptocurrency trading investigation. According to Wood-TV, news of the raid came from Chris Boden, who is…
ICO Market Shows Massive Fluctuations In 2018 Compared to 2017
Initial coin offerings (ICOs) had mixed results in 2018. On one hand, there were nearly 2,300 ICOs last year, in comparison to 966 in 2017. On the other hand, though, ICOs raised $11.4 billion, in comparison to around $10 billion in 2017. This represents an increase of only…
ConsenSys Forms Crucial Partnerships to Advance Blockchain Tech
On January 4, computer chip manufacturer AMD and blockchain software developer ConsenSys announced that they are collaborating on creating blockchain solutions in cooperation with Halo Holdings, which is an investment management company in Abu Dhabi. The companies are establishing what they call W3BCLOUD, which will offer optimized cloud-based blockchain solutions…
How the EU Plans to Fight Crypto Money Laundering
On July 9, 2018, the EU's Fifth Anti-Money Laundering Directive took effect to strengthen the European Union’s existing regulations fighting both money laundering and terrorism financing. The deadline for all European Union members to integrate this directive within their respective nation’s legal framework is January 20,…
Cryptocurrency Lenders Enjoying Success in Today's Bear Market for Stocks
According to a report by Bloomberg, cryptocurrency lenders are weathering the current bear market better than other industries. Bloomberg states that creditors who are offering their services in the crypto industry are in demand because borrowers don’t want to sell their virtual currency for less money. In addition, big…