Verge (XVG) was once again exploited today with 51 percent attack where one single miner bought lots of hashpower to gain control of Verge blockchain. Block 2155850 to 2206272 were mined with super-low-diff for the hackers. About 35 million Verge coins ($1.7M) were created in few hours rather than a few weeks – all alone by single person/group. Verge team has promised that code rebase is underway to prevent this in future.
Shipchain, a token that runs on Ethereum blockchain has received cease and desist order. Shipchain’s token, SHIP providing an interesting study here for what happens if an ICO neglects what is generally ‘recommended’ nowadays for token sales which is no sales to US citizens, especially un-accredited, whether wrong or right. This has already led to 40 percent dump today.
There is a new ICO that has the word “scam” written all over it. The name of the ICO is IDAP and their website is IDAP.io. It claims that it will be offering users a single click trading interface to do cryptocurrency trading. In other words, IDAP will be an exchange.
Coincheck, a Japanese cryptocurrency exchange has announced that it will be delisting all pairs of privacy coins being traded on the exchange. This includes Monero, Zcash and Dash. Coincheck was bought by Monex, a brokerage firm that got infamous for the NEM hack where more than 530 million dollars worth of NEM were stolen. Coincheck has announced that it will no longer be supporting the aforementioned privacy cryptocurrencies.
Vertpig is a cryptocurrency exchange made by Vertcoin community member and it had to go down due to regulatory issues. While the VTC/GBP market is still down, the exchange is back with Euro support. The VTC/EUR pairing is open to everyone with the SEPA bank transfer. Their VTC/BTC and VTC/LTC market is back as well.
Ministry of industry and information technology, China has released public blockchain ratings and surprisingly, bitcoin is not #1 on the list. The top 5 coins are Ethereum, Steem, Lisk, Neo and KMD. This is followed by Stellar Lumens, Cardano, IOTA, Monero and Stratis. Bitcoin ranks #13, trailing behind Qtum and Bitshares.
Bithumb, one of the biggest exchanges from South Korea has listed four new coins/tokens on their website. This includes TenX(PAY), WAX(WAX), Power Ledger(POWR), Loopring(LRC) and Gifto(GTO). Here is the link to the official tweet by BithumbOfficial. Bithumb is a huge market for all of these tokens/coins.
Social Wallet is a platform that allows cryptocurrency transfer via social media. It has announced partnership with the Luxxeum coin, a decentralized digital payment system guaranteeing secured P2P transactions. It is the coin behind the blockchain powered E-commerce website where only mobile phones are sold. This website will bring phones from various brands and the company behind Luxxeum will also be launching its own branded mobile phone.
Retail investors can now buy the Ethereum Classic Investment Trust which means Ethereum Classic (ETC) can now be bought as an ETN (ticker ETCG), similar to way you can buy bitcoin thru GBTC. It looks like premium is 30-40% over current price of Ethereum Classic. This and GBTC are the only two publicly traded vehicles in cryptocurrency like this. Year from now who knows, how many cryptocurrencies will be available on OTC marketplace (OTCQX).
At cryptocoindaddy, we are often contacted by people who want us to write ICO reviews so that more and more people can invest in their ICO. The problem is, there are ton of scam ICO projects – most of which are not even trying to solve any problem. We were recently contacted by Almora and while it is not an ICO, it helps fraud ICO projects gather limelight. Entire team of scammy people is, as expected from India.
