$257 Million Cryptocurrency Filecoin Prepares for Impending Launch

Filecoin, a decentralized storage network that turns cloud storage into an algorithmic market monetized through cryptocurrency, has announced that it will go public within the coming months. Filecoin prepares for liftoff This announcement is contained in a blog post by the company, in which it stated that, having passed the critical period when it needed …

Crypto Market Adds $8 Billion as Bitcoin Avoids Downtrend With 1% Gain

In the past 24 hours, despite the negative predictions of many traders, bitcoin price has remained above the crucial $7,000 resistance level, allowing the crypto market to add $8 billion to its valuation. Dash, Verge, Monero, and EOS are the best performing cryptocurrencies of September 1, recording strong gains in the range of 7 to …

Japanese Giant Rakuten is Acquiring a Bitcoin Exchange

Japanese e-commerce retail giant Rakuten has announced its foray into the cryptocurrency sector with its acquisition of crypto exchange ‘Everybody’s Bitcoin’ in a ¥265 million ($2.4 million) deal. In an announcement on Friday, the company revealed details of its 100% share acquisition of Tokyo-based crypto exchange Everybody’s Bitcoin through its subsidiary Rakuten Card. The share …

Pope Francis Latest Target of Crypto Giveaway Scam on Twitter

Pope Francis has become the latest victim of crypto scammers on Twitter, as a network of bot accounts promoting scam ICOs and fake crypto giveaways continue to target public figures both within and outside the crypto world. Familiar Pattern Earlier in the month, security researchers working at Duo Security unveiled the results of a study …

Crypto Exchange Giant Huobi Gains Controlling Interest in Public Firm

Crypto exchange giant Huobi has completed the purchase of majority shares of Hong Kong-based investment holding company, Patronics Holdings Limited (PHL). The development will see Huobi take over interest in an aggregate of 215,576,000 Shares, representing approximately 71.67% of the issued Shares as at the date of completing the transaction. Earlier this month, by the …

Colorado’s ‘ICO Task Force’ Levies Orders Against 3 Crypto Startups

Colorado Securities Commissioner Gerald Rome has issued signed orders to show cause that three cryptocurrency businesses have allegedly offered and promoted unregistered ICOs in Colorado. The investigation is part of a recent crackdown against fraudulent ICOs by officials of the Division of Securities under Colorado State’s Department Of Regulatory Agencies (DORA). ‘ICO Task Force’ Targets …

Korea’s 2nd Biggest Crypto Exchange Resumes Registration, Market Improves

Bithumb, South Korea’s second-biggest crypto exchange by daily trading volume behind UPbit, will officially resume registrations for new investors as early as this week. NH Bank, one of the largest financial institutions in the country, is set to sign an agreement with Bithumb on August 30 to provide virtual bank accounts to Bithumb users, which …

18% of Students, Twice the U.S. Average, Own Cryptocurrency: Survey

A majority of U.S. students want to take up a course on cryptocurrency and blockchain technology and twice the country’s average own cryptocurrency. Students Twice as Likely to Own Cryptocurrency as Average Person According to a recent nationwide survey of 675 students conducted by digital currency exchange Coinbase in partnership with Qriously, 18 percent of students said …

Bitcoin Price Breaks $7,000 After 4% Gain, Crypto Market Adds $12 Billion

In the past 24 hours, despite the negative expectations of most investors towards Bitcoin, the crypto market has recovered by $12 billion from $216 billion to $228 billion. The Bitcoin price has surpassed a key resistance level at $7,000 after breaking out of the $6,800 mark, which as several widely recognized cryptocurrency traders emphasized, was …