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Get ready for a 2018 cryptocurrency crime wave

With bitcoin recently pushing past the $19,000 level (despite crashing hard on Friday) and a slew of other cryptocurrencies like ethereum, litecoin and Ripple making rapid price gains in its wake, it’s never been a more bullish time for digital currency investors. But there is always a price to be paid for such success and in this case cryptocurrency’s massive surge in popularity is likely to trigger an epic wave of crime. Already on December 4th, the SEC announced it shut down an initial coin offering (ICO) for allegedly defrauding investors of $15 million. However, while fraud is an inherent risk of cryptocurrency, as wallets, exchanges and ICOs all take place with little to no legal or regulatory oversight, it is hacking which presents a far more serious threat for investors because it is so widespread and so difficult for the average person to avoid. Hacking has been a recurring problem for this industry from the very beginning. In fact, a report last year from the US Department of …
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Keeping Up With Crypto Market Now Easier, Auto-Trading Will Soon Be Possible

The cryptocurrency market is hard to keep up with. With thousands of altcoins circulating, it can be difficult to evaluate which ones are worth investing in, and it is even harder to follow their constant fluctuations. If this exponentially growing and ever-changing market can be disturbing even to experienced traders, it is natural for new investors to feel lost in this complex environment. As the market grew into this crypto fever that we are now witnessing, several platforms that monitor the performance of different currencies have been created. It is not uncommon to see cryptocurrency investors constantly checking their phones for news on their favorite currency or token. But even though you can find a lot of the information condensed in the same space, it is still very overwhelming to assimilate it all and discern what is relevant and what isn’t. This is particularly true for someone who has no experience in trading. The bot that does your homework Well, fear not, for monitoring …

https://www.coindesk.com/finra-beware-public-stocks-tout-cryptocurrency-connection/

The Financial Industry Regulatory Authority (FINRA), a self-regulatory organization (SRO) in the U.S., has issued a new warning about cryptocurrency-related stock fraud. In a new post on its website, FINRA urged investors to do their homework when it comes to public companies that tout their activities involving blockchain or cryptocurrencies. FINRA, an organization which provides testing and licensing for registered brokers and financial professionals, said that would-be investors should be "cautious" when assessing solicitations from such firms that seek to fund cryptocurrency initiatives "without the business fundamentals and transparent financial reporting to back up such claims." The organization wrote: "Especially in today’s 'hot' cryptocurrency environment, it’s easy for companies or their promoters to make glorified claims about new products, services and other cryptocurrency-related connections. And, even when legitimate companies flock to a …

Ripple (XRP) Cryptocurrency To The Moon Today

Crytocurrencies are the next big thing in the global economy and there are several virtual coins such as Bitcoin Cash, Ehtereum, Ripple, Litecoin and more. All those following the cryptocurrency market are becoming more and more interested in Ripple. Could it be the next best thing happening in the crypto space? Buy some Ripple today
Or at least that is what some are planning of doing, even before it gets listed in Coinbase. Those who are novice at this have to know that they can get XRP through exchanges using Binance, Bitfinex, Coinone or Kraken. Ripple’s parent company locked 55 billion XRP at the beginning of December, on the 8th of December and by the 15th exchanges (cex.io) listed XRP price at around $1.57. A price surge happened due to loyal Ripple disciples. Now, the value of the XRP is closer to $0.922, meaning there has been a 620% increase from the first price surge. CNN believes it is one of the best cryptocurrency so far CNN has named Ripple a leading virtual currency and …

Know Why the Founder of Litecoin Charlie Lee Sold and Donated All His Coins

Litecoin is a crytocurrency and an open source software project founded by Charlie Lee in October 2011. Although a fork of Bitcon Core, Litecoin is different from Bitcoin in various ways. It has a faster processing speed but is slightly more expensive. Charlie Lee, a former Google employee, is a computer science engineer from MIT. He worked with Coinbase after Google before creating his own cryptocurrency. Charlie Lee has always been in the news, but this time it is because he “sold and donated” all his litecoins. Although the exact amount is not disclosed, it is reportedly donated mainly to the LTC Foundation which will likely help in the growth of Litecoin. People have reacted to this news in quite different ways, with some appreciating the move while others speculating why he did it. Charlie Lee tweeted that he is glad about the fact that people are not overreacting. Lee seemingly set aside some doubts by tweeting that one cannot compare him to a CEO who sold all his shares. For him, i…

GTBANK Reportedly Experimenting With Crypto In Nigeria

One of Nigeria's biggest banks, the GTBank has reportedly expanded into experimentation with cryptocurrencies. Users of the 737 mobile service may have seen GT coins being credited when transactions are made. The 737 service is already one of the most extensive mobile banking solutions effective in the country, as GT Bank aims to add another layer of functionality to their payment gateway. The GTBank has already participated in a number of crypto technology conferences being part of the CBN group. Currently, the coins are being distributed when users make transactions using the 737 mobile service. It is predicted the coins being tested may allow the bank to develop the technology further to facilitate business transactions too rather than focusing on personal use. This comes as the GTBank have also delved into blockchain and crypto technology previously. Used as a basis for their GT Tokens, the technology was used essentially as a form of identity verification. Released late last …

5 Times Cryptocurrencies Rocked South Korea In 2017

For tech around the world, 2017 was the year of cryptocurrency. The heart-stopping volatility of Bitcoin and Ether is even more inflated in South Korea, where Bitcoin reached a whopping 25 million won ($24,000) on Dec. 8. With 2 million people buying into digital currencies, the Korean won processes the third-highest volume of Bitcoin transactions behind the dollar and yen. That fire is still ablaze despite authorities eyeing heavy-handed regulations. South Korea has becomea stage for the clashbetween conservative regulators and thrill-seeking investors. Here are five ways the cryptocurrency craze rocked South Korea this year.