All of the cryptocurrencies are in the red - Ethereum has dropped by 18.39%, Bitcoin by 6.3%, Ripple by 14.73% and Litecoin by 14.89% in the last 24 hours.
Electrical Engineer / Blockchain & Cryptocurrency Writer
A Finnish millionaire was approached by nine suspects in June 2017, who convinced him to send 5,564.4 Bitcoin to their accounts for investment purposes.
The IRS (Internal Revenue Service) believes that crypto bears similarities to property, while the CTFC (Commodity Futures Trading Commission) believes that it is a commodity.
The crypto fund is known as LuneX Ventures and is a result of a partnership between Golden Gate Ventures and the company's ex-head of growth.
The new mechanism of "Ethereum on Azure" will eliminate crypto mining and ensure that all participants in the network can participate equally.
The SEC Secretary General said that out of these 50 ICO projects, "it remains uncertain whether all of them will be given operating licences to raise funds".
"Bitcoin isn't broken if it's holding at these levels. I think people are afraid it is going to go back down to $6,000 and never come back from those bear markets."
Bakkt will start offering Bitcoin futures contracts in November 2018. The launch date will be revealed in the upcoming weeks.
The Logos Network was created in 2017 in order to provide a cheap and secure decentralized payment service for crypto users.
The feature is live for a few customers at the moment. Coinbase will make it available for the rest of the customers in the next few weeks.
"I have reservations about blockchain. It's a super-interesting technology, but it's clearly a bubble with a lot of mania and hype around it."
"Don’t fall for the ICO hype and false promises such as “blockchain, but not Bitcoin”. And recognise the disruptive potential of digital assets."
Blockchain-based 'Sustainable Sugar Project' has received $1.7 million (AUD 2.25 million) from the Australian coalition government.