![]() NEWS Volume of Crypto Futures Trades Is Catching Up to Spot Trading
Futures trading volumes creep up on spot trading in crypto, with futures now amounting to half of the value of more traditional buy-sell trades. |
Month: October 2019
IBM Expects a Central Bank to Issue Digital Currency Within 5 Years
![]() NEWS IBM Expects a Central Bank to Issue Digital Currency Within 5 Years
The first-ever CBDC will be issued within the next five years, according to new joint research by IBM and OMFIF. |
Worldwide Google Searches for ‘Bitcoin’ Hit 3-Month High
![]() NEWS Worldwide Google Searches for ‘Bitcoin’ Hit 3-Month High
Worldwide Google searches for “Bitcoin” have hit the highest level in three months, suggesting an overall shift in market sentiment as China supports blockchain… |
EOS Holds Top Spot, Bitcoin 11th in China’s Latest Crypto Rankings
![]() NEWS EOS Holds Top Spot, Bitcoin 11th in China’s Latest Crypto Rankings
China’s state-backed tech workgroup has released its fourteenth crypto rankings report, with Bitcoin ranked 11th and EOS retaining the top spot. |
US Court Orders Dark Web Drug Dealer to Forfeit $150K in Bitcoin
![]() NEWS US Court Orders Dark Web Drug Dealer to Forfeit $150K in Bitcoin
Following a guilty plea, a U.S. court has ordered a dark web drug dealer to give up over $150,000 in Bitcoin. |
China Passes First-Ever ‘Crypto Law’ Going Into Effect January 2020
![]() NEWS China Passes First-Ever ‘Crypto Law’ Going Into Effect January 2020
China has passed the first-ever law specifically aimed at regulating cryptography and password management taking effect on Jan. 1, 2020. |
Scam Hyips
Operators generally set up a website offering an “investment program” which promises very high returns, such as 1% per day (3678% APY when returns are compounded every day), disclosing little or no detail about the underlying management, location, or other aspects of how money is to be invested. The U.S. Securities and Exchange Commission (SEC) has said that “these fraudulent schemes involve the purported issuance, trading, or use of so-called ‘prime’ bank, ‘prime’ European bank or ‘prime’ world bank financial instruments, or other ‘high yield investment programs.’ (HYIP’s) The fraud artists … seek to mislead investors by suggesting that well regarded and financially sound institutions participate in these bogus programs. In 2010, the Financial Industry Regulatory Authority (FINRA) warned that “[t]he con artists behind HYIPs are experts at using social media — including YouTube, Twitter and Facebook — to lure investors and create the illusion of social consensus that these investments are legitimate.