Bitconnect, the lending and exchange platform that was long suspected by many in the crypto community of being a Ponzi scheme, has announced it’s shutting down.
According to Arseni Scheltsin, the director of Russia’s Cryptocurrency and Blockchain Association, the proposals on creating and regulating a national cryptocurrency will be officially presented in July 2018, while a full-fledge launch would take a year after that.
The Bitfury Group and First Block Capital announced they have invested in Emercoin and will support the provider of blockchain solutions and services for customers around the world.
Facebook early investor and PayPal co-founder Peter Thiel bought millions of dollars’ worth of Bitcoin through Founders Fund, a VC firm he co-founded , and that number is reported to be worth hundreds of millions today.
Following the presentation of a drafted bill to place regulations on the usage of cryptocurrency in Russia on December 28, a list of approved cryptocurrency trading platforms is being developed by the Russian Ministry of Finance.
Bitcoin exchange EXMO has released an official statement on the abduction of Pavel Lerner, the platform’s leading analyst. According to EXMO representatives, at the moment Pavel Lerner is safe.
Public blockchain platform Waves is launching a new blockchain venture product called Basics Fund to focus on investing in crypto-assets and pre-sale ICO tokens.
The group of Mybtgwallet scam victims has been negotiating refund of $5 million stolen in users funds with the Bitcoin Gold team for the past month. As the talks are stalled, there is no way for victims but to sue the core team members.