Month: February 2018

Texas’ securities agency has issued another cryptocurrency-focused emergency cease-and-desist order, this time against a lending scheme called DavorCoin. In its latest filing, signed Feb. 2, the Texas State Securities Board (TSSB) alleges DavorCoin has been issuing unregistered securities with fraudulent and misleading information to lure investors. The filing arrives just days after the TSSB gave filed similar cease-and-desists over an overseas initial coin offering project called R2B Coin, as well as BitConnect, the cryptocurrency exchange and lending program that faced closure Read more …

The world of cryptocurrency is no longer about just Bitcoin. A fair few alternative cryptocurrencies have staked their claim as well. Litecoin has always been of great interest to cryptocurrency enthusiasts. As such, it is good to see their native payment processing service launch in the near future. LitePay, as this service is called, will boost global adoption of LTC as a whole. If everything goes according to plan, LitePay will go live later this week. Bringing Litecoin to consumers Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. A New York legislator has submitted a bill calling for the state to establish a task force to study the logistics and impacts of creating and issuing a state-backed cryptocurrency. New York Bill Calls for Research Into State-Backed Cryptocurrency The bill, which was proposed by Assemblyman Clyde Vanel and filed on Feb. 2, would require the government to research how a state-backed cryptocurrency would impact monetary policy Read more …

Stephen Palley is a lawyer in private practice in Washington, D.C. with the firm of Anderson Kill. The views expressed are his alone. You can find him on Twitter at @stephendpalley. One day you’re a crypto-millionaire, the next you’re a crypto-defendant. Initial coin offerings (ICOs) made crypto-news throughout 2017. Announcements of new offerings became a flood as winter turned to spring and then summer. As 2017 closed, an assortment of ICO litigation has followed.What’s the good news? If I am Read more …

Amid fears of Bitcoin bubbles and big money cybercrimes, China vows to put an end to all cryptocurrency trading – foreign and domestic. Bad News For China In order to avoid what it saw as a potential financial crisis China outlawed all domestic crypto-trading exchanges in September of 2017. This essentially put an end to the Yuan- Bitcoin exchange once one of the biggest drivers in the market. Despite the ban, individual investors have continued to trade on foreign exchanges using virtual Read more …

The total value of all publicly traded cryptocurrencies hit a combined $366 billion today, the lowest figure observed for the market since Dec. 4, data from CoinMarketCap reveals. The more than 60-day low, however, can also be read more bearishly, as it represents a 50 percent drop from the market’s all-time high above $830 billion in early January. Indeed, for the second time in just four days, the market is awash with double-digit declines, as in just a few short weeks Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Major British retail banking giant Lloyds is blocking its credit card users from buying cryptocurrencies like bitcoin. Customers with debit cards will, of course, remain unaffected. First reported by the Telegraph, Llyods Banking Group will, starting today, bar its 9 million credit card customers from buying bitcoin and other crypotocurrencies amid fears of future unpaid debts at a time when cryptocurrency prices are on the slide. The Read more …

The Chinese government is reportedly moving to block domestic access to overseas websites that offer services for cryptocurrency trading and ICO investments. A report from Financial News, a website tied to the People’s Bank of China (the country’s central bank), indicates that authorities there are stepping up a crackdown that began roughly a year ago. “To prevent financial risks, China will step up measures to remove any onshore or offshore platforms related to virtual currency trading or ICOs,” the website Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The Bitcoin price declined to an 80-day low on Monday but may be poised for a rebound once stock brokerage app’s Robinhood’s much-anticipated cryptocurrency trading platform goes live later this month. Bitcoin Price Declines to 80-Day Low Despite the hopes of investors, February has not brought respite to the battered cryptocurrency markets, which continue to emit a crimson hue. This morning, the Bitcoin price declined to $7,605 Read more …