Arsenal has signed a sponsorship deal with the US cryptocurrency CashBet, which will see the Premier League club promote the firm’s initial coin offering (ICO) at the 60,000-seat Emirates stadium. First such deal by a major sporting team will see club promoting CashBet at the Emirates. The deal, the value of which was undisclosed, is the first time a major global sporting team has officially partnered with a cryptocurrency firm. It comes as an increasing number of regulators and business leaders express concern about the dangers of consumers risking their savings…

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Analysts have found that IOTA is trading well above any real value it might have. The project is said to have no real product market fit and the network is centralized and unstable. Additionally, the approach taken by the IOTA team, like knowingly allowing critical vulnerabilities to exist in the software, presents many reasons to be highly concerned. IOTA, the network behind the 11th most valuable cryptocurrency in the world by market cap (MIOTA), has no justification for its current price levels according to a detailed new report. The 12-page…

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Running a major cryptocurrency exchange can be a logistical nightmare, but the rewards make it all worthwhile. In information released to shareholders this week, Coinbase revealed that it recorded turnover of $1 billion last year, which works out at an astonishing $2.74 million a day or $2,000 a minute. As America’s largest bitcoin broker, Coinbase claims the lion’s share of the money that’s pouring into the crypto space at a dizzying rate. 2017 was a bumper year for all crypto exchanges, which reported record numbers across the board: new signups,…

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South Korean cryptocurrency exchange Korbit has barred non-citizens from depositing local currency – the Korean won – on its platform. Korbit stated in an announcement that its virtual account service will be terminated this month in order to introduce accounts attached to users’ identities, as recently ordered by local regulators in a move aimed to calm speculation in the crypto markets, as well as money laundering. As part of that shift, foreign nationals will no longer be able to deposit funds to their accounts. The firm said: “If you are…

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According to a lawmaker, the Central Bank is now considering the Moscow Stock Exchange for those purposes. The Moscow Stock Exchange may become a site for trading in cryptocurrencies, head of the State Duma’s Financial Market Committee Anatoly Aksakov said in an interview with TASS. State Duma is the lower chamber of the Russian parliament. “We have the St. Petersburg International Commodity Exchange, the Moscow Stock Exchange, the RTS, but they actually act as a non-profit partnership. Although they are also ready to participate in this process, and there are…

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The BitPay payment processor has announced its integration with the ShapeShift exchange to provide instant Bitcoin to Bitcoin Cash trades. This announcement was made in a blog post Thursday, Jan. 18. The new partnership allows users to conduct exchanges between Bitcoin (BTC) and Bitcoin Cash (BCH) in the BitPay and Copay wallets. US-based Bitpay was founded in 2011 and is one the largest international Bitcoin payment gateways. ShapeShift is a cryptocurrency exchange platform that focuses on instant trades between a number of cryptocurrencies. The integration allowed users to “shift” between…

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What looked too good to be true ended up being just that, as Bitconnect has all but closed its doors. Long accused of being a Ponzi-scheme, Bitconnect shut down its cryptocurrency exchange and lending service this week. As stated on their website, Bitconnect had received cease and desist letters from two American securities regulators – leading to the closure of their lending and exchange platforms. Still, Bitconnect will continue to run its website and wallet service. Sketchy ‘Ponzi’ offerings Since its inception in January 2017, many were skeptical about Bitconnect…

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Intercontinental Exchange Inc said on Thursday it will launch a cryptocurrency data feed to provide real-time information from more than 15 cryptoexchanges. The data feed, which will be in collaboration with blockchain technology provider Blockstream, will offer information on prices, trading volume and order book for several leading cryptocurrencies, including bitcoin, NYSE-operator ICE said. The prices will be quoted against the U.S. dollar and other major currency pairs. reut.rs/2DlwIIK ICE is the latest U.S. exchange operator to join the crypto party. Rivals Cboe Global Markets Inc and CME Group Inc…

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Ledger, the maker of bitcoin storage hardware, has raised $75 million led by Draper Esprit. The Series B round also included Draper Venture Network funds, such as Draper Associates, Draper Dragon and Boost VC with participation from FirstMark Capital, Cathay Innovation, Korelya Capital, CapHorn Invest, GDTRE, and Digital Currency Group. The French company develops hardware wallets for storing cryptocurrency private keys, which runs on its specially designed operating system. The increasing attention on and demand for cryptocurrency has highlighted the security challenges of holding virtual currency, which can attract hackers.…

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Ethereum, Ripple, Bitcoin Cash, Cardano, and Litecoin are also down. Bitcoin dropped below $10,000 today, and it’s now worth just over half of its peak value. The cryptocurrency opened at $11,348, according to CoinDesk, and dropped over $1,600 to hit a low of $9,685, though it’s since recovered slightly and is currently trading at $9,702. Other cryptocurrencies like Ethereum, Ripple, Bitcoin Cash, Cardano, and Litecoin have also posted deep losses of between 30 to 40 percent, according to data from CoinMarketCap. Bitcoin had a stellar year in 2017, starting at…

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