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Report: Australians Lost Over $4 Million to Crypto Scams in 2018

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The latest edition of “Targeting scams,” an annual report released by the Australian Competition and Consumer Commission (ACCC) revealed that the country saw a 190 percent increase in cryptocurrency scams, with a total of $ 6.1 million AUD ($ 4.3 million USD) lost to crypto criminals.

This marks a substantial rise from the $ 2.1 million AUD ($ 1.48 million) that was reportedly lost to scams in Australia back in 2017. The increase came even amid last year’s crypto winter, which saw virtually every digital asset in circulation lose a significant chunk of its value.  Read more...

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Binance Coin (BNB) Becomes the First Cryptocurrency to Pass Its January 2018 High

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The biggest news this week has undoubtedly been the launch of Binance Chain, the new blockchain platform that will fuel Binance’s decentralized exchange (DEX) and other major initiatives. As a result of the news, Binance Coin (BNB) became the first large-cap cryptocurrency to hit new all-time highs on Friday, surpassing levels last seen during the […]
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Microsoft’s Bing Blocked More Than 5 Million Crypto Ads in 2018

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Last week, Microsoft (MSFT) published its 2018 Bing ad quality year in review, where it detailed the previous year’s data and efforts to improve the search engine’s advertising products. In the report, Microsoft revealed that it suspended nearly 200,000 accounts from the Bing Ads platform, doubling the number from 2017. Additionally, 900 million bad ads […]
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Feb Volume Report: Leading Markets Post Strongest Month Since Q1 2018

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For many leading markets, February produced the largest monthly volume since the first quarter of last year, with 30-day BTC trade activity surpassing $ 200 billion, and ETH exceeding $ 100 billion.

Also Read: Report: Quadriga’s 6 Cold Wallets Have Been Without Funds Since April 2018

BTC Volume Surpasses $ 200 Billion for February

February saw the highest volume for BTC trade in one year, with BTC pairings generating nearly $ 206.37 billion in trade during the last 30 days.  Read more...

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Report Claims That “Sextortionists” Absconded With Over $300,000 in Crypto in 2018

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Most cyberattacks in the crypto space involve hackers finding a way around the security of crypto exchange platforms and gaining access to users’ funds. Last year saw the entry of a new breed of cyber extortionists that seems to be gaining ground, so much so that they were able to steal over $ 300,000 in bitcoin (BTC) tokens in 2018.

According to a report by research and risk assessment firm Digital Shadows, this scam was committed through a wide array of “sextortion” blackmail strategies, which included the weaponization of emails.  Read more...

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Recent Filing Reveals Bitmain Lost $500 Million in Q3 2018

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The financials at crypto mining giant Bitmain aren’t looking too pretty. That’s based on an updated filing with the Hong Kong Stock Exchange that shows the company lost about $ 500 million in the third quarter of 2018. According to a recent report by CoinDesk that cites the non-public filing, Bitmain earned roughly $ 500 million in the first […]
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Did Bitcoin’s Q4 2018 Price Performance Prove It’s Not Digital Gold? Think Again

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Writing for Market Watch Tuesday, Aaron Hankin asserts that Bitcoin’s price plunge along with the NASDAQ and other equities benchmarks in Q4 2018 proves Bitcoin is more like a tech stock than digital gold as some Bitcoin proponents have characterized it. Typically when soft assets like stocks and bonds are in free fall, investors’ money flees into hard assets like precious metals for shelter from the market turbulence. That’s exactly what happened with gold in Q4 2018. As Wall Street crashed and burned, the spot price of gold was buoyed by investors looking for relief from the hemorrhaging. If Bitcoin  Read more...

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Chainalysis: Darknet Market Activity Nearly Doubled Throughout 2018

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Darknet markets are going as strong as ever, if Chainalysis data is to be believed.

In its latest Crypto Crime Report, published earlier this week, blockchain analytics firm Chainalysis reports that darknet market activity has nearly doubled throughout 2018. After a slump in late 2017 and early 2018 due to the closure of two major online marketplaces for illicit activity — AlphaBay and Hansa — volume has since almost completely recovered to early-2017’s all-time high levels, surpassing $ 600 million worth of bitcoin for the year.  Read more...

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European P2P Trade Posts Strongest Activity Since March 2018

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In recent peer-to-peer (P2P) market action, Latin American Localbitcoins trade has continued to show strength after producing record volume last month. In other news, P2P trade between the euro (EUR) and BTC has posted its strongest volume in 10 months.

Also Read: Wikipedia Now Accepts Bitcoin Cash Donations via Bitpay

European and South American Localbitcoins Markets Show Strength

EUR/BTC trade on Localbitcoins has recorded its strongest week since posting record trade when measured against fiat currency at the end of March 2018.

European and South American Localbitcoins Markets Show Strength  Read more...

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Flying High: Boeing Shares Soar 6.5% as Company Reveals Record $100 Billion in Sales in 2018

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Shares of aviation giant Boeing Co. surged on January 30, after the aerospace contractor reported that its earnings and profits for the fourth quarter of 2018 were significantly higher than expectations of Wall Street analysts. Amongst other things, this report provided a rather upbeat outlook for the 2019 financial year. According to the company’s reported earnings, net income grew to $ 3.42 billion, up from the $ 3.32 billion that was reported the previous year. Also, adjusted earnings per share rose from $ 5.07 to $ 5.48. The company’s revenues for the quarter stood at $ 28.34 billion as well, significantly beating the $ 1 billion  Read more...

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$950 Million Stolen from ‘Immature’ Cryptocurrency Exchanges & Wallets in 2018: Analytics Firm CEO

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$ 1.7 billion was stolen from cryptocurrency exchanges, custodial services, and in ICO exit scams in 2018. That’s a dramatic rise from the year before, despite the shrinking market. And according to the Q4 CipherTrace Cryptocurrency Anti-Money Laundering Report, that money needs to be laundered. But here’s the kicker: with a global wave of regulations going into effect later this year, laundering cryptos will be increasingly harder to do. CCN caught up with Dave Jevans, CEO of CipherTrace and co-chair of the Cryptocurrency Working Group at the APWG.org to find out what this means. Like Taking Candy from a Baby Of  Read more...

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Genesis Capital Processed $1.1B of Cryptocurrency Loans in 2018

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Bitcoin Lender Genesis Capital Processed $ 1.1Bn Digital Asset Loans in 2018

Cryptocurrency lender Genesis Capital provided $ 500 million worth of digital asset loans in the fourth quarter of 2018 alone, soaring almost 100 percent from six months earlier, when the company started its lending business. Altogether, loans reached $ 1.11 billion for the whole of last year.

Also read: Iran in Talks With 8 Countries for use of Cryptocurrency in Financial Transactions

Crypto Loans Rose Sharply in Q4 Despite Falling BTC Price

According to the U.S. company’s Q4 Digital Asset Lending Snapshot published Jan. 30, the loans were issued to corporate borrowers such as hedge funds and trading firms mainly in the form of BTC, ETH and other virtual currencies.  Read more...

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Fortnite’s Epic Games Leads Record $5.7 Billion Year for Gaming Investments in 2018

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Game company investments, into market leaders like Epic Games, doubled an already record figure for gaming investments in 2017. Epic Games, developer of Fortnite – the world’s most popular videogame – saw the greatest single investment in 2018 of $ 1.25 billion. Epic Games $ 1.25 Billion Funding Round is the Largest non-IPO Gaming Investment Ever A first-quarter 2019 report from Digi-Capital, as reported by VentureBeat confirmed the latest industry statistics. Gaming investments reached $ 5.7 billion in 2018. Double the record figure for 2017. Epic Games, riding on the global success of online-game Fortnite, led by raising $ 1.25 billion from investors. Epic’s huge  Read more...

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$15.4 Billion of New Cryptocurrency Value Was Created During 2018

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A report recently published by Diar has estimated that nearly $ 15.42 billion of value was added to the market capitalization of the combined cryptocurrency markets in the form of newly created tokens and crypto asset inflation during 2018.

Also Read: Bitcoin Climbs up China’s First Crypto Ranking of 2019

12 Percent of Current Crypto Market Cap Was Created During 2018

According to Diar’s report, new crypto asset value created during 2018 is estimated to comprise more than 12 percent of the current combined cryptocurrency market cap.  Read more...

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Exclusive: Markets Will Take Time to Digest 2018 ‘Crypto Meltdown’, Says Former Morgan Stanley MD

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By CCN.com: Patrick Springer spent 20 years working for Morgan Stanley as an investment specialist. Specifically, his job was to help institutional investors make informed decisions in global equity markets. Now, despite the bitcoin market meltdown, he’s flung himself headlong into crypto becoming an advisor for Polybird Exchange. Why? Because “it’s important for people to challenge

The post Exclusive: Markets Will Take Time to Digest 2018 ‘Crypto Meltdown’, Says Former Morgan Stanley MD appeared first on CCN

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The Daily: Bitmain Reflects on 2018, Memo Releases Mobile App

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The Daily: Bitmain Reflects on 2018, Memo Releases Mobile App

In today’s edition of The Daily, we cover a reflection on the passing year by the cryptocurrency mining technology giant Bitmain, a mobile app released by social network Memo and new turnover figures from a Bitcoin ATM network in Australia.

Also Read: South Africa Wants to Mandate Registration of Crypto Services

Bitmain Reflects on 2018

Bitmain, the Beijing-headquartered bitcoin mining technology giant, has been the topic of many discussions recently relating to its IPO application process, downsizing and more. A lengthy new blog post the company published today touches on these subjects and highlights some of the milestones the company has achieved in 2018. These achievements include the development of a 7nm ASIC chip for SHA-256 mining, launching hardware for powering artificial intelligence applications, investing in Circle and funding open-source projects.  Read more...

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Freemium Isn’t Free! Free Mobile Games Generated a Whopping $61 Billion in 2018

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The 2018 end-of-year report by Nielsen-owned gaming research company SuperData has revealed that so-called freemium games – games that are free to play but typically enable microtransactions for users to purchase upgrades and gizmos – are dominating the entertainment market, generating a massive $ 88 billion in the past year. Unsurprisingly this segment also known as

The post Freemium Isn’t Free! Free Mobile Games Generated a Whopping $ 61 Billion in 2018 appeared first on CCN

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BitPay Had Record Revenues in 2018 on the Back of $1 Billion in Transactions

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Cryptocurrency payment processor BitPay, which was founded in 2011, had a record year for revenue in 2018, as the company’s B2C and B2B operations grew substantially. BitPay Sees Record Year for Revenue in 2018, with $ 1 Billion in Transactions https://t.co/s3fVrm3kZw #Fintech #Blockchain pic.twitter.com/Z6d2x2c1fW — BitPay (@BitPay) January 16, 2019 According to a recent announcement, BitPay processed over $ 1 […]
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Less Than 1.5 Million People Used dApps in 2018

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According to a report from Dapp.com, dApps had about 1.5 million users over the course of 2018, the first full year they were measured. The most active dApp category across platforms was gaming, followed by betting. Of the 1.5 million total users of dApps across platforms, nearly 800,000 were on Ethereum. The Ethereum dApp ecosystem

The post Less Than 1.5 Million People Used dApps in 2018 appeared first on CCN

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Crypto Luminary Impersonation Scammers on Social Media Raked in Millions in 2018

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Crypto Luminary Impersonation Scammers on Social Media Raked in Millions in 2018

Over the last two years, as cryptocurrencies gained mainstream attention, scammers have become far more prevalent. One particular social media scam that can be found on prominent websites like Twitter, Facebook and Instagram is the impersonation of well-known crypto industry executives and blockchain luminaries. Unfortunately even a verified account means nothing these days and these giant corporations have allowed fraudulent acts to flourish giving criminals the opportunity to rake in millions.

Also read: Analysis: Using Technical Indicators to Trade Crypto in 2019  Read more...

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