The Securities and Exchange Commission filed additional fraud charges against a third co-founder of Central Tech’s $32 million initial coin offering, which had been endorsed by boxing champion Floyd Mayweather and music producer DJ Khaled.
The Texas State Securities Board (TSSB) published a report on April 10 based on afour-week investigation concerning cryptocurrency fraud in which 32 illegal schemes were discovered. The probe was conducted owing to the upswing in the cryptocurrency investment opportunities flogged to Texans.
This week has a few specific cryptocurrencies which can yield significant returns in the near future. These cryptocurrencies include ZCL, ARY, and HIRE.
The number of cryptocurrencies available to speculate in or for real-use can be quite overwhelming. To add to this, there’s the volatility involved with these new markets and the constant influx of new ICOs hitting the scene which adds even more complexities to the ever-growing stack of market charts to watch.
According to a blog post by the IMF chief, authorities around the world have been muddled about the standing of “real threats” and “needless fears” in the crypto-world. In a bid to rule this out, the International Monetary Fund is looking to be an enabler in changing this mindset.
Though global security forces are doing their best in the battle against all forms of unlawful activities, ‘cryptocriminals’ are unrelenting in their efforts to make unsuspecting and somewhat gullible virtual currency enthusiasts shed tears.
In contrasting reports, South Korea cut down on the import of mining chips citing possible energy hazards for the economy; while Taiwan showed how the export of mining chips could be beneficial to the economy.
A new decentralized social network, Memo, built on the Bitcoin Cash blockchain has made its first public debut following the announcement on April 15, 2018. Memo, which can also be seen as a decentralized version of Twitter, allows users to post a ‘memo’ which other users can like, share or comment on.
After months of heightened FUD in the entire crypto ecosystem, the market is gradually picking up speed as a vast array of nations has started creating proper regulatory frameworks for the blockchain-based digital assets industry.
Some cryptocurrency hedge funds appear to be unaffected by the decline in the price of bitcoin since the start of 2018. In fact, a couple of these firms have even posted profits thereby reinforcing the idea that crypto hedge funds can thrive in both bull and bear markets.