Fake ‘Telegram ICO’ Websites Just Won’t Go Away

Would-be investors in Telegram’s multibillion-dollar initial coin offering (ICO) have quickly become a favorite target for scammers.

CoinDesk has identified as many as nine more websites claiming to sell the Telegram token after previously reporting on another fake website, which claimed to be run by the “Telegram Foundation.”

Most of the sites claim that the token pre-sale will end sometime this weekend, with the price listed near $1. Notably, the first bogus website identified by CoinDesk has since been taken down.

Many of the websites found in CoinDesk’s review are similar, with several sharing common design elements, while other sites are blatant clones of each other. Additionally, several of the sites use identical language to describe their purported offering:

Crypto Exchange Bittrex: We’re Compliant With SEC’s ICO Rules

S-based cryptocurrency exchange Bittrex says that it is compliant with federal regulations governing securities trading.

The exchange, which is headquartered in Seattle, issued a statement on Wednesday assuring its customers that its token review process is compliant with rules that prohibit companies from creating trading markets for unregistered securities.

Bittrex said:

“As a U.S.-based digital currency exchange, Bittrex is committed to incubating new blockchain technology projects and offering innovative, compliant digital tokens to our customers. Bittrex uses a robust digital token review process to ensure the tokens listed on the exchange are compliant with U.S. law and are not considered securities.”

The statement was a direct response to an announcement published by the Securities and Exchange Commission (SEC) — also released on Wednesday — that warned it is “potentially unlawful” for cryptocurrency exchanges to list initial coin offering (ICO) tokens, as the agency deems many of these ICOs to be unregistered securities offerings.

Bitcoin rout continues, records 5th consecutive losing day

elling intensified for digital currencies on Friday, as the price of the No. 1 cryptocurrency bitcoin fell below $9,000 to end a woeful week.

The price of a single bitcoin BTCUSD, +2.64% fell 3.6% to $8,981.03, but bounced off a low of $8,370.80, according to CoinDesk. For the week, bitcoin was down around 20%.

Other cryptocurrencies followed bitcoin lower. Ether is down 0.1% at $702.72, bitcoin cash is off 2.6% to $1,010.38 and Litecoin, after dipping to $160.43, is back in the green, up 6.2% at $188.28, according to CoinDesk.

Ripple, after falling 10% has recovered to be unchanged on the day at $0.83, according to CoinDesk.

The continued slide in bitcoin comes after a sharp drop on Thursday, which some suggested were due to technical factors.

Why Cryptocurrency Is Gaining Steam in Retail — but Obstacles Remain

Even if you possess little knowledge about cryptocurrency, chances are, you’ve heard of bitcoin’s meteoric march.

The digital payment method is operated by a decentralized network of computers from all parts of the world; unlike electronic payment networks like Mastercard and Visa, bitcoin uses heavy-duty encryption technologies that allow the global system to keep track of its transactions. Albeit the de facto standard, bitcoin is only one of more than 1,000 cryptocurrencies on the internet, from Ethereum and Litecoin to Monero and Zcash.

In fact, according to bitcoin payment service provider BitPay, more than 100,000 merchants worldwide accept the currency. While it may pose a challenge to find major shopping destinations that accept it as a direct payment for everyday purchases, retailers and industry analysts are keeping a close eye on these cryptocurrencies — and for good reason.

This Cryptocurrency Heater Earns Ethereum While Keeping Your House Warm

Keeping crypto mining rigs nice and cool is no joke. Heck, people will submerge the darn things in non-conductive fluids to keep the heat at bay. But what if you could use that heat to keep yourself warm during winter, while making a few bucks on the side? Say hello to the world’s first crypto heater, the QC-1.

Created by French firm Garnot and five years in the making, the QC-1 makes use of a “patented” design that removes the need for active cooling. Instead, the heater’s twin Sapphire Nitro+ Radeon RX580 GPUs dissipate heat via the QC-1’s aluminium housing, transforming it into a giant heatsink.

Is Cryptocurrency a Viable Virtual Currency for Africa?

When bitcoin entered the public’s eye for the first time in 2013, it was touted as one of the greatest inventions for the unbanked in Africa. The World Bank estimates that of the 2 billion people without access to the modern financial system, a third live in Sub-Saharan Africa. In recent months, bitcoin and cryptocurrency as whole have received much attention. Further, the underlying blockchain technology has gained mainstream acceptance. While the potential of such technology seems to be limitless, the question remains whether cryptocurrency is a viable solution for the unbanked in Sub-Saharan Africa.

Here’s Why Facebook Banned Cryptocurrency Ads

Facebook recently banned ads linked to certain financial practices and services, such as initial coin offerings and cryptocurrencies. Although the site clarified it wanted to continue to be a place where people can learn about new products, it said it did not want to perpetuate those intended to mislead or deceive.

The announcement from Facebook also stated there are many entities advertising banned things that are “not currently operating in good faith.” The company knows that this new development is broad and says its scope is intentional.

However, it noted there would be ongoing efforts to revisit the policy and potentially change its enforcement as the site gets better at detecting ads that have no place there as far as Facebook’s rules go.

Ol’ Dirty Bastard estate is launching an ICO

Wu-Tang Clan rapper Ol’ Dirty Bastard, who died in 2004, is getting into the cryptocurrency game.

The late rapper’s estate is launching a utility token called Dirty Coin to fund music projects and other ventures.

Why, exactly? It’s simple, says the late legend’s son Bar-Sun Jones, aka Young Dirty Bastard: “Crypto is very big. The blockchain is one of the biggest inventions of our time. And I don’t want to be out of the party, I want to come in to the party.”

Indeed, if cryptocurrency was an underground basement party up until 2017, the recent price surge of bitcoin, litecoin, ether, and ripple turned it into a raucous house party. Celebrities, athletes, and artists like Paris Hilton, Floyd Mayweather, Richard Sherman, Jamie Foxx, The Game, and Wu-Tang rapper Ghostface Killah have rushed in.

Cryptocurrency Exchanges Slash Withdrawal Fees

Bitcoin is pretty cheap to send right now – cheaper than ethereum in some instances. It’s currently around 10 satoshis per byte to send BTC, which works out at approximately 30 cents for a typical transaction. Many bitcoin users only send cryptocurrency when withdrawing it from an exchange, however, to a wallet they control or to another exchange. And with cryptocurrency exchanges setting their own fees, the recent cost savings haven’t filtered through to users. Up until last week, it still cost around $10 to withdraw BTC from an exchange such as Kucoin or Binance. While the former has yet to lower its fees, Binance has.