Latest 2018 News

  • Your Passwords Could Be For Sale on the Dark Web Right Now
    Your Passwords Could Be For Sale on the Dark Web Right Now
    Digital Shadows warned that over 15 billion credentials are exposed on the dark web for sale and some of them are even available for free. A recent study revealed that over 15 billion credentials are in circulation via the dark web, representing a 300% increase since 2018.
  • Market Mania: Dogecoin hits highest price since 2018
    Market Mania: Dogecoin hits highest price since 2018
    A viral TikTok video is all it took to pump this meme coin by almost 43% today.
  • What Death Spiral? Bitcoin Hash Rate Surges to Fresh All-Time High
    What Death Spiral? Bitcoin Hash Rate Surges to Fresh All-Time High
    After the block reward halving, many analysts in the Bitcoin space expected a “death spiral.” The term is one created by a professor who, in 2018 speculated that BTC could fall to $0 due to a collapse in miners.
  • S Korean Province Mulls Local Stablecoin-powered Universal Basic Income
    S Korean Province Mulls Local Stablecoin-powered Universal Basic Income
    Typical Korean street food. The Governor of Gyeonggi Province, South Korea’s most populous province, has suggested launching a universal basic income – funded by local stablecoins. Per OhMyNews, the proposal, spearheaded by Lee Jae-myung, who was elected Governor of Gyeonggi Province in 2018, is part of a package of measures aimed at stimulating the province’s
  • Last Time Bitcoin’s 10-Day Realized Volatility Was So Low Was Before the Nov-18 Crash To $3200
    Last Time Bitcoin’s 10-Day Realized Volatility Was So Low Was Before the Nov-18 Crash To $3200
    Realized volatility reached a level that was last seen before the massive selloff during November 2018.
  • Bitcoin Realized Volatility Last Did This Right Before 2018 Sell-Off
    Bitcoin Realized Volatility Last Did This Right Before 2018 Sell-Off
    10-day realized volatility hits its lowest since just before Bitcoin price fell to $3,100 in late 2018, sparking fresh bearish fears. Bitcoin (BTC) could be heading for a repeat of its late 2018 sell-off, data warns as realized volatility reaches almost three-year highs. Uploading fresh charts on July 6, on-chain analyst Skew drew concerning comparisons to Bitcoin in its 2018 bear market. Bitcoin 10-day realized volatility dips to 20% Analyzing realized volatility, Skew noted that the last time the metric hit 20%, a mass capitulation event followed, during which BTC/USD hit $3,100. “Last time we reached that level, we had the great sell-off of November 2018 shortly after,” analysts warned. Realized volatility refers to historical volatility measurements, with 20% on the 10-day reading marking a 33-month low. Bitcoin realized volatility 3-year chart.
  • CEO of Alleged $16M Cryptocurrency Scam Declared Bankrupt
    CEO of Alleged $16M Cryptocurrency Scam Declared Bankrupt
    VaultAge Solutions CEO has been tracked down by South African authorities and angered investors. Willie Breedt, a South African national accused of stealing up to $16.3 million from around 2,000 investors via his VaultAge Solutions scheme, has reportedly been forced into bankruptcy by a local court. According to a recent report from News24, the sequestration order was initiated on July 3 by Simon Dix — one of VaultAge’s largest investors, who entrusted Breedt with 7.5 million South African rand, or $440,000. VaultAge Solutions was founded in 2018, promising weekly returns on customer deposits through crypto mining and trading and accepting deposits starting from $50.
  • Bitcoin Volatiliy Levels Hint “Great Sell-Off,” Skew Data Finds
    Bitcoin Volatiliy Levels Hint “Great Sell-Off,” Skew Data Finds
    Bitcoin 10-day realized volatility reaches 20 percent for the first time since November 2018, according to data collected by Skew.
  • 2.6 Million Citizens Own Cryptocurrencies, UK’s FCA Reports
    2.6 Million Citizens Own Cryptocurrencies, UK’s FCA Reports
    In its most comprehensive report on cryptocurrencies to date, the UK Financial Conduct Authority (FCA) outlined that they have increased in popularity and ownership since 2018, with up to 2.6 million people on the island holding digital assets.
  • Coinbase and Circle-Backed Stablecoin USD Coin Breaks $1B Market Cap
    Coinbase and Circle-Backed Stablecoin USD Coin Breaks $1B Market Cap
    Launched by the Centre Consortium in October 2018, USD Coin reached a $1 billion market cap in 21 months. USD Coin (USDC), a stablecoin project founded by Coinbase and Circle, has hit a major milestone in market capitalization. On July 3, 2020, USDC market cap broke the $1 billion threshold for the first time since the stablecoin was launched in October 2018.
  • Russian Court: Theft Of 100 BTC Isn’t A Crime Because Bitcoin Isn’t Property
    Russian Court: Theft Of 100 BTC Isn’t A Crime Because Bitcoin Isn’t Property
    A Russian court turned down a request from a victim of a 100 Bitcoin theft seeking restitution, with the court arguing that cryptocurrencies have no legal status. On June 30, a Russian criminal court denied a motion to provide restitution to a victim of what would in many jurisdictions be a felony, arguing that Bitcoin (BTC), as a virtual currency, does not enjoy the same property protection as other assets. The case goes back to 2018, when the two men impersonating Federal Security Service (FSB) agents and their accomplices kidnapped the victim and forced him into giving them 5 million rubles or $90,000 in cash and 99.7 BTC — worth about $900,000 at the time.
  • Tether Crosses $10B, Leaving Competing Stablecoins in the Dust
    Tether Crosses $10B, Leaving Competing Stablecoins in the Dust
    Tether, USD Coin, and Binance USD have posted triple-figure market cap growth this year. Crypto market data aggregator Messari reports that the market cap of leading stablecoin Tether (USDT) has surpassed $10 billion for the first time. Alongside Bitcoin (BTC) and Ethereum (ETH), Tether is now one of three crypto assets with an eleven-figure capitalization.  Tether’s reported $10 billion market cap comes after year-to-date growth of 144% — with Tether representing $4.1 billion at the start of 2020.  However, data aggregators are at odds on Tether’s capitalization, with CoinGecko and CoinMarketCap estimating USDT’s market cap to be just over $9 billion.  USD Coin and Binance USD post strong growth The second-largest stablecoin by market cap, Circle’s USD Coin (USDC) has also seen triple-digit growth since early January — increasing from less than $450 million to over $930 million today. USDC has steadily grown since launching in October 2018 to currently comprise the 18th-largest crypto asset overall. Since launching in September of last year, Binance’s USD stablecoin BUSD has quickly emerged as a major player in the stablecoin sector — currently ranking fourth among stablecoins with a market cap of nearly $166 million. Binance has grown by more than 875% since representing roughly $17 million at the start of the year, now ranking as the 49th-largest crypto market. PAX and TUSD stagnate After starting the year with a capitalization of $225 million, Paxos Standard (PAX), the third-ranked stablecoin by market cap, has seen its market cap stagnate at $245 million since April, according to CoinMarketCap.  CoinMarketCap ranks Paxos as the 37th-largest crypto asset overall.
  • The Novel Legal Strategy Bringing This ICO-Backed ‘Micro-Mobility’ Startup to Court
    The Novel Legal Strategy Bringing This ICO-Backed ‘Micro-Mobility’ Startup to Court
    Lawyers have filed suit in a "highly unusual" case against flamboyant Italian e-scooter entrepreneur Salvator Palella, over a troubled ICO back in 2018.
  • Study Shows Indonesia Was Hit Hard By Crypto-Centric Attacks
    Study Shows Indonesia Was Hit Hard By Crypto-Centric Attacks
    Microsoft research shows crypto-related attacks grew in Indonesia during from 2018 to 2019. Research from Microsoft reveals that Indonesia had the highest malware encounter rate across the Asia Pacific region in 2019.
  • Analyst Who Accurately Called Bitcoin’s 2018 Plunge to $3,150 Issues New BTC Alert
    Analyst Who Accurately Called Bitcoin’s 2018 Plunge to $3,150 Issues New BTC Alert
    A crypto strategist known for accurately predicting the Bitcoin bear market bottom in 2018 says he believes the top cryptocurrency is poised for a significant correction as BTC continues to move in tandem with the stock market.
  • Ethereum Options Market Soaring to Bitcoin’s 2018 Levels Hints at Bull Market
    Ethereum Options Market Soaring to Bitcoin’s 2018 Levels Hints at Bull Market
    The size of the Ethereum options market on Friday equaled the size of the Bitcoin options market in December 2018, according to data provided by Skew.
  • Overpaying Bitcoin TXN fees can lead to bidding wars
    Overpaying Bitcoin TXN fees can lead to bidding wars
    During the crypto rally at the beginning of the year, the Bitcoin network faced a heavy load of transactions, soaring to levels unseen since February 2018.
  • Blockchain Expands in Advertising Industry, but Crypto Remains a No Go
    Blockchain Expands in Advertising Industry, but Crypto Remains a No Go
    Crypto has been left out of the advertising industry, but blockchain technology may be its ticket back in to innovate and change the space. Despite seeing substantial growth in popularity, topping Google search trends amid the recent halving, the coronavirus pandemic and mainstream coverage, the cryptocurrency industry has somewhat been left out of the advertising world by online ad networks, social media platforms and even national governments.  In 2018, Facebook banned cryptocurrency advertising amid the initial coin offering hype.
  • Uber & Robinhood Angel Investor: 99% of Crypto Projects Are Garbage
    Uber & Robinhood Angel Investor: 99% of Crypto Projects Are Garbage
    In 2017 and 2018, thousands of entrepreneurs were attempting to launch their own crypto project to capitalize on the bubble-like conditions.
  • SEC Charges Lobbying Kingpin Jack Abramoff With Fraud For Promotion of 2018 ICO
    SEC Charges Lobbying Kingpin Jack Abramoff With Fraud For Promotion of 2018 ICO
    Abramoff and the founder of AML Bitcoin face charges for fraud in misrepresenting the token’s compliance, with the founder himself facing jail time for money laundering. On June 25, the United States Securities and Exchange Commission charged the issuer of AML Bitcoin — not to be confused with Bitcoin itself — with conducting a fraudulent offering.
  • DOJ Indicts Founder of Anti-Money Laundering Bitcoin Project for Money Laundering
    DOJ Indicts Founder of Anti-Money Laundering Bitcoin Project for Money Laundering
    Rowland Marcus Andrade, the founder of AML Bitcoin, was indicted on wire fraud and money laundering charges related in part to an initial coin offering conducted in 2017 and 2018.
  • Ripple Exec: Slow Response on Blockchain Could be 'Potential Catastrophe' for US
    Ripple Exec: Slow Response on Blockchain Could be 'Potential Catastrophe' for US
    Ripple co-founder Chris Larsen discussed US regulators’ ignorance towards regulating the blockchain and crypto space and how it is helping China. In a recent interview with Wall Street Journal reporter Paul Vigna, Ripple’s co-founder and executive chairman Chris Larsen said that the United States has been “slow to the game” in terms of experimenting, implementing and regulating the blockchain and cryptocurrency industry. Larsen said that the US must change its viewpoint towards blockchain and cryptocurrency as the industry is already past the 2017 and 2018 hype.
  • Judge Certifies Investor Class in $70m Pot ICO Lawsuit
    Judge Certifies Investor Class in $70m Pot ICO Lawsuit
    Paragon Coin will face federal claims from a class-action lawsuit alleging that the firm’s $70 million ICO from 2017 violated securities laws. A Californian federal judge has certified an investor class in a lawsuit alleging that the cannabis crypto firm Paragon Coin Inc violated securities laws in its 2017 initial coin offering (ICO) that raised $70 million. Paragon Coin promoted their ‘PRG’ tokens as comprising a currency for the cannabis industry and hired popular rapper The Game to promote the offering $70m crypto cannabis ICO to face federal claims On June 24, US District Judge Jeffrey White granted the plaintiffs’ motion in-part on federal claims, however, he denied applications for claims at the state level on the behalf of investors based outside of California. While the suit argues that ParagonCoin claimed to have issued PRG from its headquarters in California, Judge White noted that “the ICO giving rise to plaintiffs' claims and purchases of PRG tokens were conducted over the internet.” “Plaintiffs concede there may be class members in all 50 states and concede that laws governing the state law claims at issue differ among jurisdictions in such a way that a true conflict exists,” the judge added. Paragon Coin promoted by The Game The class-action was first brought against ParagonCoin in January 2018, with investor Astley Davy claiming that Paragon Coin should be forced to disgorge its earnings for allegedly failing to register its token sale with the Securities and Exchange Commission (SEC).   The complaint noted that PRG had been promoted as a currency for the cannabis sector, adding that the firm had hired prominent rapper The Game to promote its token sale — who became embroiled in the lawsuit later that year. In November 2018, ParagonCoin was among two ICO issuers against which the SEC imposed civil penalties solely for failing to register their token sale — with the enforcement actions described as a “first
  • Why Binance.com.au is Now Delivering Flowers
    Why Binance.com.au is Now Delivering Flowers
    Top crypto exchange Binance has lost a domain name dispute with an Australian florist over the website binance.com.au. Leading cryptocurrency exchange Binance has lost a dispute over the domain name ‘binance.com.au’ to an Australian florist trading under the name Binancé. On June 17, the World Intellectual Property Organization (WIPO) denied a complaint filed by the exchange in April, finding that Binance had “not discharged its onus of demonstrating the Respondent does not have rights or a legitimate interest in the disputed domain name.” WIPO concluded that “no good purpose would be served by addressing” the exchange’s request at this time, ruling in favor of the florist’s claim to the domain name. But we trademarked it first Binance’s complaint emphasized that Binance registered its trademark in Australia on November 21, 2018, noting that the florist registered the domain name binance.com.au nearly one year later on October 27, 2019. The exchange also highlighted that the Binancé’s director, Mr.
  • Here’s Why Bitcoin’s Slow Speed Hasn’t Given Rise to “Faster” Altcoins
    Here’s Why Bitcoin’s Slow Speed Hasn’t Given Rise to “Faster” Altcoins
    Throughout 2017 and 2018, many altcoin-advocates pointed to Bitcoin’s lack of transactional speed as a reason why it would be usurped by other smaller alternatives.
  • Ethereum Network Fees Jump Above Bitcoin Transaction Fees for Two Weeks Straight
    Ethereum Network Fees Jump Above Bitcoin Transaction Fees for Two Weeks Straight
    This week digital currency enthusiasts have been discussing network fees, specifically transaction fees associated with the Bitcoin and Ethereum blockchains.