Investors in German ICOs (Initial Coin Offerings) have suffered as much as 90% losses of their capital. WirtschaftsWoche, a German business magazine, did a comparison of ICO token issue prices from German startups with their token prices in September.
Cryptocurrency Market Updates
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Market Update 10.01.18 – StellarX Fully Launched
Last updated: October 1, 2018, 7:21 am Cryptocurrency Market UpdatesThe Stellar Blockchain based, zero-fee, decentralized exchange StellarX, which had been in its beta phase, has now been fully launched. Interstellar, the company behind the crypto exchange platform, made this announcement via a blog post on Friday, September 28.
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Market Update 9.30.18 – Samourai Wallet No Longer Shows Bitcoin Balances’ Fiat Value
Last updated: September 30, 2018, 5:40 am Cryptocurrency Market UpdatesSamourai, a privacy-focused Bitcoin wallet, decides to drop fiat balances from its platform. The company’s latest release includes a number of changes, including the fact that it is now available in 12 different languages.
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Market Update 9.29.18 – JD Finance Establishes Smart City Research Institute
Last updated: September 29, 2018, 5:06 am Cryptocurrency Market UpdatesThe e-commerce giant in China, JD.com’s subsidiary, JD Finance has established the Smart City Research Institute according to local news sources. This new institute is located at JD Finance’s headquarters in Nanjing.
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Market Update 9.28.18 – US House Passes Bill on Crypto Task Force
Last updated: September 28, 2018, 4:49 am Cryptocurrency Market UpdatesThe US House of Representatives passed a bills this week that will lead to the establishment of a crypto task force whose aim will be to combat the use of cryptocurrencies by terrorists.
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Market Update 9.27.18 – China’s ICO Ban Being Circumvented
Last updated: September 27, 2018, 4:19 am Cryptocurrency Market UpdatesAccording to an investigation conducted by the Xinhua News Agency, it is possible to circumvent the Initial Coin Offering (ICO) ban in China. According to the report, despite the ban, investors have been circumventing the law by using an overseas shell company as one method.
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Market Update 9.26.18 – Australian Science Agency Claims Global Blockchain Test Breakthrough
Last updated: September 26, 2018, 9:29 am Cryptocurrency Market UpdatesAn Australian federal science agency just recently completed a global test on a blockchain network it developed alongside the University of Sydney. Apparently according to both, it can process 30,000 cross-border transactions per second.
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Market Update 9.25.18 – SB to Use Mobile Payments Token For Cashless Society
Last updated: September 25, 2018, 6:08 am Cryptocurrency Market UpdatesFinancial giant SBI Group has announced that it is testing a crypto token to be used for retail payments over mobile devices. The group’s investment arm called SBI Holdings, which was responsible for Japan’s first bank-backed crypto exchange in June, revealed that it is about to kick off a proof-of-concept trial of its “S coin” token that is based on distributed ledger technology (DLT).
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Market Update 9.24.18 – Recent Bitcoin Bug So Terrible Developers Tried to Cover Its Secret
Last updated: September 24, 2018, 5:19 am Cryptocurrency Market UpdatesThis week saw a major Bitcoin bug that was worse than what developers initially thought of. The bug originally rocked the number one digital currency world, especially since its vulnerability could be utilized to shut down a huge chunk of the network.
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Market Update 9.23.18 – XRP Surged 75% to Dethrone ETH Before Returning to Former Position
Last updated: September 23, 2018, 7:13 am Cryptocurrency Market UpdatesThe price of XRP manages to spike as high as 75 percent above its opening price at one point during Friday’s trading session amidst a broader market bull parade. At roughly 14:45 UTC, the price of digital asset rose to a peak of $0.77. This basically represents a 75 percent increase from its opening price of $0.45