Market Update 4.01.18 – FBI Posts PSA on Scammers Acting
FBI Posts PSA on Scammers Acting as Tech Support
The Internet Crime Complaint Center (C3) of the FBI posted a Public Service Announcement, warning users about frauds acting as technical support in multiple industries, including cryptos.
These “tech support” scammers pose as customer, security or technical support personnel who then cheat people. The C3 said that there has been an increasing frequency of scams where people pose as government agents and tell customers that they can help them recover supposed losses suffered from technical support scams. These scammers are even requesting customers to provide financial help in apprehending these fraudsters.
To find out more, click here.
GMO Internet Promises to Improve Security
The Japanese regulatory authority, the Financial Services Agency (FSA) had conducted a series of on-site inspections of GMO Coin and had issued it a business improvement order. About a week ago, GMO submitted its business improvement plan to the FSA.
As a part of that plan, the operator of Japanese crypto exchange GMO Coin, GMO Internet, has announced that it will be creating a Group Information Security Audit Office whose role will be to strengthen security measures to protect its customers and their information.
The new office, to be headed by Takeshi Miyazaki, a cyber security expert, will also have an external security advisor as well.
To read more, click here.
Kazakh Central Bank Wants to Ban All Things Crypto
The National Bank of Kazakhstan wants to ban all trading and mining of cryptocurrencies in the country. The chairman of the bank, Daniyar Akishev stated that they were taking a very conservative approach towards the cryptocurrency industry and were also looking at putting very tough restrictions in place.
In fact, he said, he would ban all crypto-exchanges to prevent the country’s residents from trying to convert fiat currencies into cryptos and vice versa. He said that the bank as well as the other government agencies believe that cryptocurrencies are ideal for money laundering and tax evasion.
Read the full story here.
Total Market Cap: Apr 01
While the cryptocurrency market’s value increased to $263.19 billion, its trading volume fell even further to $10.61 billion in the last 24 hours.
Bitcoin Price Analysis: Apr 01
Bitcoin found some relief in the last 24 hours, with its price going up by 1.34% to $6969.85. Trading volume remained low at $4.31 billion, but the cryptocurrency’s market value went up to $118.35 billion.
Ethereum Price Analysis: Apr 01
Ethereum’s price inched up by another 0.27% to trade at a $396.01 in the last one day. Trading volume dropped even lower to $1.17 billion. Ethereum’s market value was at $39.02 billion.
State of the Top 10 Cryptocurrencies: Apr 31
The cryptocurrency market continues to remain sluggish, with most of the top ten digital currencies losing value in the last 24 hours.
- Bitcoin has a price of $6969.85, an increase of 1.34%, and now its market cap is $118.35 billion.
- Ethereum has a price of $396.01, an increase of 0.27%, and now its market cap is $39.02 billion.
- Ripple has a price of $0.509963, an increase of 0.55%, and now its market cap is $19.93 billion.
- Bitcoin Cash has a price of $693.41, a drop of 0.15%, and now its market cap is $11.82 billion.
- Litecoin has a price of $116.64, a drop of 1.33%, and now its market cap is $6.51 billion.
- EOS has a price of $5.99, a drop of 1.15%, and now its market cap is $4.56 billion.
- Cardano has a price of $0.155542, an increase of 6.39%, and now its market cap is $4.03 billion.
- Stellar has a price of $0.208250, an increase of 2.99%, and now its market cap is $3.86 billion.
- NEO has a price of $49.83, a drop of 1.24%, and now its market cap is $3.23 billion.
- IOTA has a price of $1.09, a slide of 0.9%, and now its market cap is $3.01 billion.