BitcoinInsider

It seems fitting to start my review this year with the same statement and observe how its meaning kaleidoscopes in the new light of 2018. For context, in December 2017, the price of bitcoin had just hit its all-time high of $19,783.06. The price of ether was about to hit its all-time high of $1,417.38. CryptoKitties were running rampant all over the ethereum network, thousands of ICOs had launched in 2017 and hundreds of dedicated crypto funds opened their doors. Today, the environment is a bit different. Those crypto funds are starting to shut down. ICOs that raised capital in crypto in 2017 have seen their runways halved and halved again. The price of bitcoin hovers around $3,500 and the price of ether plummeted below $100. CryptoKitties has a meager 378 daily active users, down from over 15,000 daily active users this time last year. Ouch. What I failed to mention with last year's statement is that the runway isn't always smooth and it isn't going to be at a constant inc...

On Dec. 27, court documents from the case against the Nchain chief scientist, Craig Wright, explained a large portion of his recent dismissal motions were found "not warranted" and were denied. Wright is being sued for 1.1 million BTC in a legal case in Florida that alleges he manipulated David Kleiman's family. The Lawsuit Against Craig Wright for 1.1 Million BTC Moves Forward According to case 18-CV-80176 Kleiman v. Wright filed in South Florida, Craig Wright is accused of allegedly interfering with David Kleiman's bitcoin assets after he died. Kleiman's family believes David and Wright played a role in the early days of Bitcoin and possibly created the technology. This assumption was bolstered back when Kleiman, a forensic computer investigator was featured with Wright in tech publications such as Wired and Gizmodo, because they too thought the duo were possible Satoshi suspects. Kleiman died in 2013 with very little money after fighting with MRSA, a bacterium ...

Waves Platform, a public blockchain network that has helped digital startups create tokens, said it raised $120 million for itself to roll out a private version of its Vostok system for corporations and governments. Private investors were tapped in the fundraising round led by London-based financial services group Dolfin, Waves said in a statement Wednesday. The company's own cryptocurrency, known as Waves, jumped almost 50 percent to $3.80 in the past 24 hours, according to CoinmarketCap.com prices at 9:40 a.m. in London. Founded in Switzerland by Russian engineer Sasha Ivanov, Waves Platform has benefited from a recent boom of initial coin offerings that let firms create and sell tokens via its distributed-ledger technology, which it describes as a fast and easy-to-use blockchain. The Waves token has a market value of about $383 million, down from as much as $1.7 billion in December 2017, close to the speculative peak for cryptocurrencies, according to CoinMarketMap.com. "Th...

Russians to Be Allowed ICO Investments up to $9,000 per Year Russian lawmakers have revised another bill regarding the regulation of the industry built around cryptocurrencies. In its latest version, the draft law on crowdfunding sets the maximum amount of money ordinary Russians will be permitted to invest in projects such as ICOs at less than $9,000 per year.      Investments Limited to $1,500 per Project The bill "On attracting investments using investment platforms" is one of the three pieces of legislation aimed at regulating the crypto industry that were adopted on first reading by the State Duma in May. The initial text approved by the lower house of Russia's parliament did not contain such limits. It only read that they should be determined in sub-statutory acts issued by the Central Bank of the Russian Federation (CBR). According to the revamped draft law, private individuals will be allowed to invest through crowdfunding platforms up to 600,000 Russian rubles (l...

Even as a majority of the top 10 altcoins within today's crypto market continue to see red, there are digital currencies like Waves, Maker, and Tezos that have witnessed an upward surge of 9%, 3%, and 2.5% respectively over the course of the past 24 hours. Waves Continues Its Strong Performance As can be seen from the chart below, around a week back the price of a single Waves token jumped by over 50% to touch an impressive price point of $2.32. In terms of what could have sparked this massive uptrend, many experts believe that the recent Waves Mobile app update could have had something to do with the increase. For those not aware, the Waves dev team recently announced the launch of their much-awaited 'operational protocol upgrade' which allows customers to seamlessly "deposit, store and withdraw their altcoins" in a safe and secure manner. Not only that, but users can now also trade and lease out their assets on the Waves DEX with the touch of a button. #WavesPla...

Japanese prosecutors are seeking a 10-year jail term for Mark Karpeles, the former CEO of Mt. Gox. The embattled Frenchman, who has been previously accused of diverting company money for prostitutes, business acquisitions and luxury items, is facing charges of transferring $3 million of client funds to his own account for investment in a software development business. Karpeles Pleads Innocence But Authorities Aren't Buying It According to prosecutors, Mark Karpeles falsified Mt. Gox's trading system to make customer balances appear healthier than they in fact were. He also acted in violation of the country's corporate law, Japanese daily The Mainichi reported on Dec. 12. Karpeles has sworn his innocence and says the money, moved in the last four months of 2013, was meant to serve as only a temporary loan. He also argued, earlier in the trial, that the funds in question did not belong to clients but were his now-defunct company's revenue. However, prosecutors have argued...

The Waves Platform, a decentralized blockchain ecosystem, has announced a comprehensive update of the Waves Wallet mobile app which is now available for download on the App Store and Google Play. Launched over a year ago, the Waves mobile app was up to the task of enabling users to connect to the network and make transactions. However, as Waves' blockchain developed, the mobile team saw opportunities for improving the app by adding new features. The result of many months of the mobile development team's effort is a comprehensive, all-in-one app for mobile devices with an absolutely unique feature set, including a crypto wallet, the Waves DEX and fiat gateway. "We believe our app provides a step forward for crypto and blockchain community, a better experience for iOS and Android users than they can get elsewhere," says Sasha Ivanov, Founder and CEO of Waves Platform. "The new mobile app incorporates the most popular features of the desktop Waves Client going far b...

Japanese public company Money Forward, operator of a personal budgeting app with 7 million users, is preparing to launch a crypto exchange. Three cryptocurrencies will be supported. A representative of the company has shared some details with news.Bitcoin.com about the platform and the company's future crypto projects. New Crypto Exchange Money Forward Financial Inc., a wholly owned subsidiary of Tokyo Stock Exchange-listed Money Forward Inc. (TYO: 3994), has announced some details of its upcoming cryptocurrency exchange. A representative of the company confirmed to news.Bitcoin.com that the exchange will initially support three cryptocurrencies: BTC, ETH and BCH. There will be live order books and trading charts but margin trading will not be offered at launch. In addition, the name of the exchange is not yet disclosed. The new crypto exchange will be "linked to our personal financial management service called Money Forward Me," the representative added. This flagship ...