Bad Cryptocurrency Projects Have Squandered Millions of Dollars

Cryptocurrency scams take many forms. But one thing they all share is the goal of enriching their founders at the expense of investors. If a crypto project is “investing” a large portion of its capital into lavish parties, PR stunts and marketing, there’s a strong chance that it’s a scam.

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The Potential of the Cryptocurrency Market – Why Giving in to FOMO Isn’t a Bad Idea

In less than a month, Bitcoin will turn ten years old.

The post The Potential of the Cryptocurrency Market – Why Giving in to FOMO Isn’t a Bad Idea appeared first on CoinSpeaker.

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Cryptocurrency Market Update: Bitcoin Diamond (BCD) Pump Defies the Dump

FOMO Moments Markets are in a bad shape on Monday; but Bitcoin Diamond and Waves recovering. Crypto markets are still in the doldrums as we start the week. A very small bounce yesterday prevented them reaching a new yearly low but levels are not far off it.

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72% of Consumers Plan to Buy More Cryptocurrency, New Survey Finds

Despite the flurry of bad news hitting cryptocurrencies, the latest SharePost’s survey reveals that consumers and investors remain optimistic. Indeed, they are considering more digital currency purchases within the next 12 months.

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Where Is Petro – Venezuela’s Sovereign Cryptocurrency?

Cryptocurrency is the answer to some problems in the world, but it isn’t necessarily a savior for an economy plagued by hyperinflation and bad policies. The Nicolas Maduro led Venezuelan government has failed on several fronts to save the country from extreme hardships.

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Thailand’s Anti Money Laundering Office Set to Create Own Cryptocurrency Wallet for Confiscating Ill-Gotten Cryptoassets

In a bid to fight crypto-linked money laundering activities by bad actors in Thailand, the nation’s Anti-Money Laundering Office (AMLO) has said it would create a cryptocurrency wallet to enable it to seize digital currencies from cyberpunks convicted of DLT-based virtual currency-related crimes, as first reported by local news source, The Nation on September 3, 2018.

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6 Countries With the Most Bitcoin Hodlers

There are always a lot of concerns as to whether or not consumers even own any significant amounts of cryptocurrency. A recent study by Statista shows things are not looking all that bad, even though there is still a lot more work to be done prior to getting even close to mainstream adoption. The following […]

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Japan to Carry out More Extensive Screening Activities for new Cryptocurrency Exchanges

In a bid to protect investors’ interest and make it difficult for bad actors to launch cryptocurrency trading platforms in Japan, the Financial Services Agency (FSA) has tightened its screening process for new virtual currency exchanges, as first reported by the Japan Times on September 2, 2018.

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Ethereum Classic (ETC): The Only Top 20 Cryptocurrency In The Green As The Market Bleeds Red

Ethereum Classic (ETC) is up more than 5% for the last 24 hours while the rest of the crypto market bleeds. This makes Ethereum Classic (ETC) the only top twenty cryptocurrency in the green.

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Colorado Investigates Bionic Coin, Sybrelabs Ltd. and Global Pay Net for Allegedly Promoting Unregistered ICOs

Colorado is getting serious in its drive to weed out potential bad players in the crypto scene. The Division of Securities of Colorado’s Department of Regulatory Agencies (DORA), via its ICO Task Force, is currently investigating three firms for promoting unregistered initial coin offerings (ICOs).

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Clients’ Funds Not Affected by Atlas Hack but Personal Data of More Than 260,000 Users Stolen

The cryptocurrency industry is a favorite target of cybercriminals. This time, it was the Brazilian crypto investment platform Atlas that was targeted and eventually breached by hackers. The good news is that funds of clients are reported to be safe, but the bad news is that personal information of around 260,000 platform users has been […] Clients’ Funds Not Affected by Atlas Hack but Personal Data of More Than 260,000 Users Stolen was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

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Bitmain Lost $328 Million Buying Bitcoin Cash, According to BitMex Research

Bitmain made a bad bet on Bitcoin Cash but could still become “one of the great companies” in the cryptocurrency world, researchers from BitMEX reveal. ‘Bitmain Can Be A Legendary Crypto Company’ As part of an in-depth look into the mining giant ahead of its controversial planned initial public offering (IPO), BitMEX considered the potential for the company to recapture its former success while leveling thinly-veiled criticism at its management.

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Is Tether Still an Effective Way to Pump Bitcoin Prices?

Bitcoin, the most popular cryptocurrency by many measurements, isn’t half as controversial as Tether — the controversial coin that has polarized the entire crypto community.   Tether somehow has become the bad boy of crypto and has frequently been linked to market price manipulation, but its recent moves have failed to make an impact on NEO and EOS.

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Venezuela’s Oil-Backed Cryptocurrency Is Giving Blockchain A Bad Name

And it won't solve the country's economic problems either.

The post Venezuela’s Oil-Backed Cryptocurrency Is Giving Blockchain A Bad Name appeared first on Futurism.

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6 Lesser-Known Crypto Podcasts to Check Out

Being active in the world of blockchain and cryptocurrency requires a lot of initial learning. Staying up to date on all of the relevant details can be a bit overwhelming at times. The following podcasts, listed in alphabetical order, can offer a helping hand.

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Bitconnect ICO Scam: Indian Police Nabs Key Accused

Bitconnect ceased all operations in Jan 2018 citing bad press, scrutiny by US regulators and distributed denial-of-service (DDoS) attacks on its system. India Tightens the Noose in the Pursuit of Bitconnect Scammers According to a local media report, Indian authorities nabbed Divyesh Darji, the alleged Asian head of Bitconnect, on Aug 19 at New Delhi’s […] Bitconnect ICO Scam: Indian Police Nabs Key Accused was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

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Winklevoss Brothers Lead an Effort to Rule Out Bad Actors From the Crypto Industry

In the face of the second rejection of their Bitcoin ETF, the Winklevoss twins are leading efforts to set up a self-regulatory organization for the crypto space to help root out bad actors and behaviors.

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Op Ed: Making Friends With Time in the Cryptocurrency Space

What follows is an open letter from Jimmy Zhong, co-founder and CEO of IOST, to his team members and shared with Bitcoin Magazine with permission. Recently, I’ve been thinking about an ultimate way of safely storing value — gold, Bitcoin, real estate and power all came to mind.

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An Investor Explains How He Lost His Life’s Savings in Cryptocurrencies

The dark side of cryptocurrency is often discussed as a series of hacks, ransomware attacks and high-profile thefts. However, for an average investor, a series of bad decisions could end up being one of those dark stories.

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Markets Are Down, But Most Exchanges Are Doing Just Fine

As the old maxim asserts: those who made the most money in the gold rush were those who sold shovels. With our own digital gold rush in a downturn, however, the shovels aren’t selling so well, as mining companies themselves are struggling to move hardware because miners are struggling to turn a profit.

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Crypto Industry Consortium Launches Self-Policing Program

ECoinmerce, a DAO e-commerce platform, has announced the launch of the Crypto Community Watch program, in partnership with a consortium of crypto industry organizations including ICO Alert, GZH, Step VC and NewEconomies.

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Price Swings Can’t Stall the Growth of the Crypto Space, Says Ethereum Cofounder Joseph Lubin

The downward spiral of a journey that the global crypto market has embarked on since the beginning of 2018 is expectedly making a lot of investors and industry stakeholders uneasy. But not Joseph Lubin, the co-founder of Ethereum, who seems convinced that plummeting prices are nowhere near bad enough to jeopardize the growth of the […] Price Swings Can’t Stall the Growth of the Crypto Space, Says Ethereum Cofounder Joseph Lubin was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

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Consumers Have Lost Almost $100 Million To ICO Exit Scams

A common criticism that onlookers have for the cryptocurrency industry is that it is rife with scams and criminal wrongdoings. While this is often an unwarranted blanket classification of this nascent industry, research done by Diar, a weekly fintech-focused publication, claims that there are still some bad actors present in this industry According to last week’s […] The post Consumers Have Lost Almost $100 Million To ICO Exit Scams appeared first on Ethereum World News.

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Bitcoin Price Watch: Currency Falls Again, but Volatility Doesn’t Look So Bad

At press time, the father of cryptocurrency has fallen by roughly $200 from where it was over the weekend and is now trading for just over $6,200. One source claims that bitcoin isn’t “doing too bad” when compared with other forms of digital money.

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Lightning Network Payment System “SparkSwap” Makes Its Official Debut

A new way to trade bitcoin and digital currencies is now in the books. SparkSwap is the first crypto exchange to be built on the Lightning Network. It allows users to trade both bitcoin and altcoins in seconds without depositing assets with a third party.

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Bitcoin dev finds potentially crippling security flaw in Bitcoin Cash

Another massive security vulnerability in a major cryptocurrency has been discovered, just sitting there, waiting to be exploited – and this time around it’s Bitcoin Cash. Its blockchain was open to being jammed with a toxic block that would have caused complete consensus failure.

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Bitcoin Might Collapse to $4,000, Technical Analyst Says

The cryptocurrency market, Bitcoin included, has had a string of bad days, and some technical analysts anticipate the bearish trend to persist.

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Know Your Customer: How ‘KYC’ Works Within Cryptocurrency Industry

Cryptocurrencies are by now an established global presence and continue to generate excitement and disruption in the financial sector. The rising popularity of digital coins has generated almost daily news snippets on some aspect of virtual currencies.

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NetLeader DasCoin Cryptocurrency Project – A Bad Choice for Investors?

DasCoin is an investment platform that has failed to see an improvement in its value after its coin was listed on a fourth public exchange – CoinBene. Thus far, DasCoin has been listed on BTC-Alpha, EUBX, and CoinFalcon.

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Bad News For Bitcoin For British Investors

London firm, IW Capital have carried out some research into Bitcoin perceptions across the UK. Their findings dictate that within the UK, investors still aren’t fully on the Bitcoin train, citing that overall the research finds the majority of investors within the UK aren’t knowledgeable enough about Bitcoin to be confident enough to invest.

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EOS Price Back at $7 After Market Bloodbath

After a bloodbath in the cryptocurrency markets this week with day after day consecutive losses, EOS is back at the $7 mark. Analysts predict a move below this point to be a bad sign for the future price action of EOS with this point being a long-standing support level.

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Bitcoin Mining Firm Begins Building Its Own Power Substation

Cryptocurrency mining has gotten a bad reputation over the years. Experts and analysts often point to the vast electricity usage associated with this business. To counter those concerns, DMG Blockchain is now building its own electrical substation.

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Bodhi Bets on the Decentralized Prediction Marketplace

As with brick-and-mortar industries that are slowly fading away to the globalism of the online world, so too will the traditional prediction market industry have to innovate to keep up with the sheer efficiency, reliability and security that the decentralized prediction markets promise to bring.

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Google Play Store Removes Mining Apps from Offerings

Google just nixed any app that mines cryptocurrencies from its Play Store. With a recent update to the store’s policies, the tech monolith rewrote its stance on cryptocurrency apps.

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Initial Coin Offerings Projects Only Make Up 2% Of All Security Lawsuits

A litigation consultancy firm called Cornerstone Research recently put out a report, regarding the current lawsuits involving securities in the United States. Even though there has been plenty of bad publicity in the press lately, the research found that cryptocurrency ICOs only contribute to a small fraction of the cases. In fact, out of the […]

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Cryptocurrency Isn’t For Criminals

Just when you thought cryptos are way past that stage of doubt and bad mouthing, another thing pops up which is directed at tarnishing the image of cryptos. Since cryptos became a thing, it’s always being one battle after the other, in undying efforts to redeem itself as a worthy thing other than the negative […] The post Cryptocurrency Isn’t For Criminals appeared first on ZyCrypto.

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Bitcoin Will Fall to $5,000 Before Surging to $50,000 Before the End of the Year

Bitcoin is currently in the midst of a significant price rally. Thus, many experts have come out to say that the bad days are over for the top-ranked cryptocurrency. However, one trader believes that BTC will still see another dip before soaring to a new all-time high (ATH).

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Coinfloor Turns to Trading Technologies to Monitor Market Manipulation

Coinfloor, a cryptocurrency exchange that operates multiple subsidiary exchanges, is joining hands with Trading Technologies International, Inc. , a leading trading software provider.

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Ethereum Price Analysis – Bullish Outlook After Hard Drops this Month

Altcoins have been strong performers today and the largest cap altcoin, Ethereum, is no different. Ethereum has had around a 6% gain over the last 24 hours and has been outperforming Bitcoin. It has been a particularly bad month for Ethereum’s price and even with today’s increase, the loss for the month is around 5%.

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Quarteria ICO

Quarteria; a platform for real estate transactions on the Blockchain. Quarteria aims to alleviate the main issues in the current global real estate market by facilitating two core tasks: (1) A decentralized listing service; (2) A decentralized escrow service to safely transfer real property on our distributed ledger.

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Blackmailers threaten to leak users’ masturbation vids unless they pay Bitcoin ransom

It seems the cryptocurrency community is under threat of a new blackmail tactic, so take caution. Cornell University computer science professor Emin G private meditation – the email threatens to send recordings of you getting down with ya big bad self to friends and family.

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The Pirate Bay Embraces In-Browser Monero Mining as a New Revenue Model

In-browser mining has gotten a very bad reputation over the past few months. This is primarily because so many websites use this model for nefarious purposes rather than legitimate uses. The Pirate Bay has previously experimented with in-browser cryptocurrency mining, and it seems the platform will maintain that business practice. The Pirate Bay Still Mines […]

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BIS Chief Bashes Cryptocurrency Again in Scathing Review of Its ‘Failure’ as Money

Bitcoin and cryptocurrency have come in for more bad press from banks as the head of the Bank for International Settlements says they “fail” as money

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Bitcoin’s Next Big Battle: Restoring its Reputation

Throughout its short existence, Bitcoin has successfully confronted several challenges, such as technical issues and internal wars. It has also withstood relentless persecution from governments and powerful financial personages.

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Retracting Values Are Good News For Those In The Market For A New Graphics Card

Falling markets might call bad news for holders and those who bought in late, however, the current falling market is having other external effects, effects that in turn might be seen as positive for a totally new base of customers.

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The Crypto Refresh July 1st 2018

It’s time for the crypto refresh, our weekly installment of the finest and fastest cryptocurrency news. We know you are all busy people and often don’t have the time to trawl through the headlines, therefore, we do the hard work for you.

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Block.one’s Involvement in EOS Voting Has Community Members Concerned

There is no shortage of controversy surrounding the EOS cryptocurrency project. Its main net launch has seen multiple issues, and it now appears Block. one is throwing its weight around where the voting process is concerned.

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Crypto Tourism on the Rise as Crypto Market Booms

The crypto market hasn’t been in an ideal situation at the moment for investors, with price volatility and hacks dangling around its face, but it isn’t all bad news as elsewhere, the blockchain and cryptocurrency industry is taking the minds of troubled investors’ off the bad news to exciting ones which is also attractive to […] The post Crypto Tourism on the Rise as Crypto Market Booms appeared first on ZyCrypto.

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Does Bitcoin Cash Deserve A Billion Dollar Valuation?

Bitcoin Cash (BCH) is fast approaching its first birthday; and what a year it’s been. BCH has seen highs of $3,800; acquired a comfortable multi-billion dollar market cap; and established itself as the fourth largest cryptocurrency by market capitalization.

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