Telegram is down for many users – go talk cryptocurrency somewhere else
No, it’s not just you: Telegram is down for many users across the board – so you might have to move your cryptocurrency and blockchain discussions to another platform for the time being.
The popular encrypted messenger has confirmed it is struggling with server downtime due to a power outage. The issue is affecting users in Europe, Middle East and certain parts of Asia. It seems that Russia and countries from the Commonwealth of Independent States are most severely affected.
Telegram has been struggling with intermittent downtime for a couple of hours now, but it is worth noting that some users report being able to connect to the service intermittently.
Telegram founder Pavel Durov has since taken to Twitter to confirm the downtime and ensure users the company is working on a solution.
No, it’s not just you: Telegram is down for many users across the board – so you might have to move your cryptocurrency and blockchain discussions to another platform for the time being.
The popular encrypted messenger has confirmed it is struggling with server downtime due to a power outage. The issue is affecting users in Europe, Middle East and certain parts of Asia. It seems that Russia and countries from the Commonwealth of Independent States are most severely affected.
Telegram has been struggling with intermittent downtime for a couple of hours now, but it is worth noting that some users report being able to connect to the service intermittently.
Telegram founder Pavel Durov has since taken to Twitter to confirm the downtime and ensure users the company is working on a solution.
China's Central Bank Eyes Crypto as Possible Yuan Risk
China's central bank has said cryptocurrencies will be one of its top priorities this year, in an effort to protect the national currency.
According to an announcement Thursday, People's Bank of China (PBoC) has outlined its agenda for the coming year during a conference call focused on monetary development.
While Fan Yifei, the vice governor of the PBoC, praised the ongoing progress on central bank digital currency research and development, he highlighted that one of the three priorities for 2018 will be ensuring the integrity of Chinese yuan.
To that effort, Fan said, the agency will reinforce its regulatory measures both internally and with external parties to "rectify different kinds of cryptocurrencies."
While the remarks didn't disclosed much about its plans for cryptocurrencies going forward, they comes as part of a widened effort taken by the agency in scrutinizing related projects that may undermine financial health in China.
Fan's comments also echo a previous note in early March from the bank's former governor Zhou Xiaochuan, who struck a critical tone towards cryptocurrency speculation and the perceived risks it poses to the country's financial stability.
Additionally, a notice from China's Ministry of Public Security in January in which the agency, which manages the country's police force, said it will take aim at cryptocurrency-related pyramid schemes.
Earlier this month, reports also suggested that the Public Information Network Security Supervision agency under the Ministry of Public Security has been expanding the scope of its internet monitoring to overseas cryptocurrency exchanges that are servicing domestic investors.
China's central bank has said cryptocurrencies will be one of its top priorities this year, in an effort to protect the national currency.
According to an announcement Thursday, People's Bank of China (PBoC) has outlined its agenda for the coming year during a conference call focused on monetary development.
While Fan Yifei, the vice governor of the PBoC, praised the ongoing progress on central bank digital currency research and development, he highlighted that one of the three priorities for 2018 will be ensuring the integrity of Chinese yuan.
To that effort, Fan said, the agency will reinforce its regulatory measures both internally and with external parties to "rectify different kinds of cryptocurrencies."
While the remarks didn't disclosed much about its plans for cryptocurrencies going forward, they comes as part of a widened effort taken by the agency in scrutinizing related projects that may undermine financial health in China.
Fan's comments also echo a previous note in early March from the bank's former governor Zhou Xiaochuan, who struck a critical tone towards cryptocurrency speculation and the perceived risks it poses to the country's financial stability.
Additionally, a notice from China's Ministry of Public Security in January in which the agency, which manages the country's police force, said it will take aim at cryptocurrency-related pyramid schemes.
Earlier this month, reports also suggested that the Public Information Network Security Supervision agency under the Ministry of Public Security has been expanding the scope of its internet monitoring to overseas cryptocurrency exchanges that are servicing domestic investors.
Telegram Attracts $850 Mln In Second Round Of ICO
Pavel and Nikolai Durov reported that they raised $850 mln in the second round of their initial coin offering (ICO) in a notice signed today with the US Securities and Exchange Commission.
The ICO sought investment to support the development of the Telegram messenger app and its own Blockchain platform Telegraph Open Network. While the document does not disclose the identity of investors, 94 different entities took part in the ICO, which started on March 14. In the column wherein the applicant specifies which type of securities are on offer, the document states “Purchase Agreements for Cryptocurrency.”
Pavel and Nikolai Durov reported that they raised $850 mln in the second round of their initial coin offering (ICO) in a notice signed today with the US Securities and Exchange Commission.
The ICO sought investment to support the development of the Telegram messenger app and its own Blockchain platform Telegraph Open Network. While the document does not disclose the identity of investors, 94 different entities took part in the ICO, which started on March 14. In the column wherein the applicant specifies which type of securities are on offer, the document states “Purchase Agreements for Cryptocurrency.”
Why is bitcoin dropping today? Why is BTC falling?
Bitcoin last hit these lows in early February, 2018, dipping just below $6000 before spiking to $12,000, so investors should remain hopeful that history repeats itself.
Cryptocurrencies have been under intense scrutiny this last week amid continuing dissatisfaction in how tech companies such as Facebook secure and distribute user data.
It’s hard to say what the cause of this current crash is outside of a general mistrust in technology.
The biggest crypto coin wasn’t the only one to suffer from the slump, as the whole market endures a bearish trend.
read more
Bitcoin last hit these lows in early February, 2018, dipping just below $6000 before spiking to $12,000, so investors should remain hopeful that history repeats itself.
Cryptocurrencies have been under intense scrutiny this last week amid continuing dissatisfaction in how tech companies such as Facebook secure and distribute user data.
It’s hard to say what the cause of this current crash is outside of a general mistrust in technology.
The biggest crypto coin wasn’t the only one to suffer from the slump, as the whole market endures a bearish trend.
read more
The TRON (TRX) platform is one step closer to its main net, after successfully launching a live testnet. The announcement was made as the TRX market price continued to defy gravity and keep its levels.
TRX settled at around $0.043, down 11% since Thursday’s peak, as most of the positive news around the launch were already discounted and selling started. TRX got close, but did not manage to return as a top 10 coin. TRX climbed only briefly, but slid to position 11 again.
TRX settled at around $0.043, down 11% since Thursday’s peak, as most of the positive news around the launch were already discounted and selling started. TRX got close, but did not manage to return as a top 10 coin. TRX climbed only briefly, but slid to position 11 again.
‘Bitcoin Is Dead’
Back in 2010 – just a year after the original crypto was released as open-source software – Tim Harford, the Financial Times columnist known as ‘The Undercover Economist’, discussed “why Bitcoin can’t be a currency”. At the time, one Bitcoin was worth $0.23.
The next year, with Bitcoin valued at $7.80, Gizmodo Australia said: “Bitcoin is dying.” Then, in June 2013, with the crypto priced at $111, NYMag wrote: “Bitcoin sees the grim reaper.”
By September 2017 Bitcoin’s price had built to $4,591, yet the naysayers still vented their gloomy opinions. Seeking Alpha wrote about “the death of Bitcoin” and was negative about the future of all cryptos.
Shortly afterward, Bitcoin exploded, reaching a high point of $19,499 on December 18, 2017. Even then there were doubters, and many reveled in its fall in the New Year. In January The Week discussed “the end of Bitcoin” when it was valued at $11,583.
Back in 2010 – just a year after the original crypto was released as open-source software – Tim Harford, the Financial Times columnist known as ‘The Undercover Economist’, discussed “why Bitcoin can’t be a currency”. At the time, one Bitcoin was worth $0.23.
The next year, with Bitcoin valued at $7.80, Gizmodo Australia said: “Bitcoin is dying.” Then, in June 2013, with the crypto priced at $111, NYMag wrote: “Bitcoin sees the grim reaper.”
By September 2017 Bitcoin’s price had built to $4,591, yet the naysayers still vented their gloomy opinions. Seeking Alpha wrote about “the death of Bitcoin” and was negative about the future of all cryptos.
Shortly afterward, Bitcoin exploded, reaching a high point of $19,499 on December 18, 2017. Even then there were doubters, and many reveled in its fall in the New Year. In January The Week discussed “the end of Bitcoin” when it was valued at $11,583.
#cryptotimenews
🇮🇳 Blockchain to open up new opportinuties for financial cos: Anders Bally
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🇨🇦 Ripple Price Prediction: Why It Matters That Ripple Joined Hyperledger
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🇺🇸 NVIDIA CEO BELIEVES CRYPTOCURRENCY WILL BE CORE BUSINESS FOR COMPANY
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🇳🇴 An Inside Look At China’s Government Controlled Cryptocurrency Project
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🇮🇳 Blockchain to open up new opportinuties for financial cos: Anders Bally
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🇨🇦 Ripple Price Prediction: Why It Matters That Ripple Joined Hyperledger
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🇺🇸 NVIDIA CEO BELIEVES CRYPTOCURRENCY WILL BE CORE BUSINESS FOR COMPANY
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🇳🇴 An Inside Look At China’s Government Controlled Cryptocurrency Project
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Switzerland at epicentre of cryptocurrency revolution
Switzerland has become a global hub for cryptocurrencies and the blockchain technology they are built on, with investors flocking to the wealthy Alpine nation to get in on the virtual action.
The country's largest city, Zurich, set up its first bitcoin ATM four years ago, while the Swiss national rail company has since 2016 provided the possibility of purchasing the virtual currency at over 1,000 distributors across the country.
Just a half-hour drive from Zurich is the small town of Zug, which thanks to a business-friendly taxation scheme has long been a global economic hub and is home to tens of thousands of companies, including large investment firms, pharmaceutical companies and commodity trading groups.
Switzerland has become a global hub for cryptocurrencies and the blockchain technology they are built on, with investors flocking to the wealthy Alpine nation to get in on the virtual action.
The country's largest city, Zurich, set up its first bitcoin ATM four years ago, while the Swiss national rail company has since 2016 provided the possibility of purchasing the virtual currency at over 1,000 distributors across the country.
Just a half-hour drive from Zurich is the small town of Zug, which thanks to a business-friendly taxation scheme has long been a global economic hub and is home to tens of thousands of companies, including large investment firms, pharmaceutical companies and commodity trading groups.
Another one “Bit” the dust: Is it time to hit the Bitcoin panic button?
You definitely want to keep an eye on how that Bitcoin (BTC) price chart is moving.
Analysts are, and they keep pointing to a very dangerous trajectory they know that spells doom to the crypto, as it did for others before it.
It’s ominously called the “Death Cross” and that’s when Bitcoin ‘bits’ the dust.
read more
You definitely want to keep an eye on how that Bitcoin (BTC) price chart is moving.
Analysts are, and they keep pointing to a very dangerous trajectory they know that spells doom to the crypto, as it did for others before it.
It’s ominously called the “Death Cross” and that’s when Bitcoin ‘bits’ the dust.
read more
Is the cryptocurrency market quietly dying out?
The skyrocketing price of bitcoin gave rise to ethereum, ripple and other altcoins. However, the bullish market, which has spawned over 1,500 cryptocurrencies, has turned bearish, and some cryptos are imploding.
Bittrex, a major US-based cryptocurrency exchange, said it would remove a total of 82 altcoins from its listings by March 30. The majority of the delisted alternative cryptocurrencies have broken blockchains, were abandoned by their developers, or were acknowledged as scams or pump and dump schemes.
The skyrocketing price of bitcoin gave rise to ethereum, ripple and other altcoins. However, the bullish market, which has spawned over 1,500 cryptocurrencies, has turned bearish, and some cryptos are imploding.
Bittrex, a major US-based cryptocurrency exchange, said it would remove a total of 82 altcoins from its listings by March 30. The majority of the delisted alternative cryptocurrencies have broken blockchains, were abandoned by their developers, or were acknowledged as scams or pump and dump schemes.
CHINESE space station Tiangong-1 is plummeting towards Earth and is expected to hit on Monday but the latest predictions have indicated it could hit the hermit kingdom of North Korea, it has been revealed.
Website Satflare has a live tracker to show the current location of the abandoned space station and where it might land.
At the time of writing, it is currently hovering over the Atlantic ocean off the coast of North Africa and is predicted to hit south-east China, near the border with North Korea.
China had said its re-entry would occur in late 2017 but that process was delayed, leading some experts to suggest the space laboratory is out of control.
Website Satflare has a live tracker to show the current location of the abandoned space station and where it might land.
At the time of writing, it is currently hovering over the Atlantic ocean off the coast of North Africa and is predicted to hit south-east China, near the border with North Korea.
China had said its re-entry would occur in late 2017 but that process was delayed, leading some experts to suggest the space laboratory is out of control.
Do You Owe the IRS for Crypto-to-Crypto Trades?
To some, the attitude of crypto traders resembles the world of Dorothy in the Wizard of Oz.
They amble through the magical Land of Oz, following the yellow (gold) brick road, guided by a motley, sometimes bizarre, cast of characters, often oblivious to the dangers and realities of the world in which they live.
In particular, the tax world in which they live.
Many crypto traders have believed that they are "off the radar" of tax authorities, who simply won't find out about their transactions. And, even many who do accept that they may have to report their profits from crypto have taken the position that they have no tax liability until they eventually receive "fiat" currency, and should not be taxed on coin for coin exchanges.
To some, the attitude of crypto traders resembles the world of Dorothy in the Wizard of Oz.
They amble through the magical Land of Oz, following the yellow (gold) brick road, guided by a motley, sometimes bizarre, cast of characters, often oblivious to the dangers and realities of the world in which they live.
In particular, the tax world in which they live.
Many crypto traders have believed that they are "off the radar" of tax authorities, who simply won't find out about their transactions. And, even many who do accept that they may have to report their profits from crypto have taken the position that they have no tax liability until they eventually receive "fiat" currency, and should not be taxed on coin for coin exchanges.
Here Today, Gone Tomorrow: Crypto Billionaires’ Net Worth Falls By Billions
When it comes to cryptocurrency riches, it’s easy come, easy go. The markets have fallen hard so far in 2018, with bitcoin losing half its value. And they’ve dragged down some of their wealthiest investors, highlighting the extreme volatility that characterizes the nascent industry.
When it comes to cryptocurrency riches, it’s easy come, easy go. The markets have fallen hard so far in 2018, with bitcoin losing half its value. And they’ve dragged down some of their wealthiest investors, highlighting the extreme volatility that characterizes the nascent industry.
Another Lawsuit Filed Against Hacked Crypto Exchange Coincheck Asks For Almost $800,000
Another class action lawsuit for around 82 mln yen (around $771,000) has been filed against the hacked Japanese exchange Coincheck, Cointelegraph Japan reports today, April 2.
Coincheck was hacked in Jan. 26 and over $530 mln in NEM was taken from its hot wallet storage. The exchange froze withdrawals of all cryptocurrencies in the aftermath of the hack, allowing withdrawals and sales of certain coins to begin again in mid-March.
Two known lawsuits have already been filed against Coincheck by lawyer Hiromu Mochizuki, the first involving 10 crypto traders who sued over the freezing of crypto withdrawals, The second Coincheck lawsuit filed by the same lawyer involves 132 plaintiffs, reportedly suing for 228 mln yen (around $2 mln) in damages.
The Japanese law firm ITJ, which is responsible for this most recent lawsuit involving 15 plaintiffs, has a notice about filing for Coincheck damages on the front page of their website. The firm states that they will “request damages” against Coincheck for the “cryptocurrencies’ price before the incident minus the price that plaintiffs actually could withdraw.”
Coincheck began offering refunds in Japanese yen to customers affected by the hack on March 13 at the fixed rate of around 88.5 yen (around $0.83) to one NEM coin.
read more
Another class action lawsuit for around 82 mln yen (around $771,000) has been filed against the hacked Japanese exchange Coincheck, Cointelegraph Japan reports today, April 2.
Coincheck was hacked in Jan. 26 and over $530 mln in NEM was taken from its hot wallet storage. The exchange froze withdrawals of all cryptocurrencies in the aftermath of the hack, allowing withdrawals and sales of certain coins to begin again in mid-March.
Two known lawsuits have already been filed against Coincheck by lawyer Hiromu Mochizuki, the first involving 10 crypto traders who sued over the freezing of crypto withdrawals, The second Coincheck lawsuit filed by the same lawyer involves 132 plaintiffs, reportedly suing for 228 mln yen (around $2 mln) in damages.
The Japanese law firm ITJ, which is responsible for this most recent lawsuit involving 15 plaintiffs, has a notice about filing for Coincheck damages on the front page of their website. The firm states that they will “request damages” against Coincheck for the “cryptocurrencies’ price before the incident minus the price that plaintiffs actually could withdraw.”
Coincheck began offering refunds in Japanese yen to customers affected by the hack on March 13 at the fixed rate of around 88.5 yen (around $0.83) to one NEM coin.
read more
Binance Exchange Issues Centra Risk Warning
The Centra ICO, the object of the most recent US Securities and Exchange Commission crackdown, is posing immediate risk to traders. The coin, already spread throughout exchanges, is in freefall.
This prompted Binance to issue an immediate warning, and consider a freeze on trading soon. For Binance, this is the second event of responding to regulators, after the September crackdown against ICOs in China. Back then, Binance proposed to return investments in TRON.
The Centra ICO, the object of the most recent US Securities and Exchange Commission crackdown, is posing immediate risk to traders. The coin, already spread throughout exchanges, is in freefall.
This prompted Binance to issue an immediate warning, and consider a freeze on trading soon. For Binance, this is the second event of responding to regulators, after the September crackdown against ICOs in China. Back then, Binance proposed to return investments in TRON.