Today's growth of bitcoins above $ 5,000 again returned the world's first crypto currency to the dominance of capitalization in the crypto currency market, which in the course of 2017 was seriously shaken. In the summer months, due to the sharp increase in the popularity of ICO, the capitalization of the Ethereum and other major altokones has grown significantly, and the rate of their growth is much more than the growth of bitcoin. Therefore, in May, the Index of Bitcoin's dominance by the Coinmarketcap version fell below 50%, and in June briefly even fell below 40%.
ICO Etherparty briefly became a victim of a cyber attack, as a result of which some investors sent their funds to the attacker's address. The blocking startup Etherparty launched its ICO campaign to raise funds for the implementation of the platform for the development of smart contracts on October 1. According to a blog post, the attacker successfully entered a fraudulent purse address on the Etherparty website about 45 minutes after the start of the ICO. The team noticed the violations almost immediately, and within 15 minutes the site was disconnected. Offline site was about 90 minutes, during this time the team rebuilt it and transferred to a new server.
In the United States, tokens issued under the ICO were equated to release of ordinary shares. Now, issuers will need to register for the issue of virtual shares. The decision of the regulator will make it difficult for investors in the US market to invest in the crypto currency, but the organizers of ICO will have to seriously assess the risks that can reduce the number of fraud cases.
The tenth part of the Ethereum crypto currency invested in the ICO was stolen by fraudsters who used phishing sites and social network accounts for this. The amount of cyber-theft is already approaching the amount of funds stolen by the usual way. Participation in the initial placement of the tokens (Initial Coin Offering - ICO) on the Ethereum blockbuster platform (crypto currency ether) assumes that in one of ten cases a participant will become a victim of fraud. This is reported by Bloomberg.
Managing director of the International Monetary Fund, Christine Lagarde, decided to warn the central banks about the increase in the distribution of Bitcoin. She recommended not leaving digital currencies without attention, as their popularity is constantly growing. Lagarde addressed this issue at a conference that took place last Friday in London. In particular, she said that digital currencies can make "good competition" traditional. Digital currencies are still young.
Charles Hoskinson, one of the first developers of the Ethereum, left the team of Vitalik Buterin before the start of the blockchain, and his company IOHK launched their own blockchain Cardano. Already four days after the launch, ADA's capitalization, the internal token of Cardano, exceeded half a billion dollars at a daily trading volume of $ 100 million. The capitalization of ADA did not come from scratch. Since the beginning of 2017, the project has conducted a series of ICO, or, in the terminology of the team, sales of vouchers, collecting a total of 108,844.5 Bitcoins, which is the same half a billion. Almost the entire amount of collected funds is of Asian origin - according to the audit report, these are investors from Japan, Korea, China, Thailand, Malaysia, the Philippines, Taiwan and Vietnam.
As they say - money does not smell, especially virtual. In the Wall Street Journal there was news that the banking giant Goldman Sachs, working on a solution that would allow its investors to trade Bitcoin directly. Such a decision will make Goldman Sachs the leading company of Wall Street, which allows its investors to gain access to the rapidly growing market of crypto currency.
Last week, the Japanese government and its financial regulator, the Financial Services Agency (FSA), officially authorized and licensed the work of 11 crypto-currency exchanges, including BitFlyer, the country's largest trading platform with more than 800,000 users. In a statement, Yuzo Kano, president of BitFlyer, noted that the regulation of the currency exchange and investors by the Japanese government will allow the country's crypto-currency market to become one of the leading positions in the field of trade, development and innovation.
The founder of the NEO platform, which recently announced the return of funds to investors in connection with the banning of ICO in China, Da Hongfei was a guest guest, along with Patrick Dai, developer of QTUM, on the Unchained podcast, organized by Laura Shin Shin), the editor-in-chief of Forbes. The main topic of the discussion was the recent events in China and their potential impact on the crypto-currencies and the development of the blockbuster.