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cryptocurrency January 17, 2018

Since yesterday morning, the market value of cryptocurrency decreased by more than USD 36 billion.. Image from Larina Marina.

Clearify Announces Partnership with ICO Alert to Reduce Uncertainty on ICO Contribution Addresses

Clearify has announced a partnership with ICO Alert to reduce scams surrounding ICO contribution addresses. Clearify verifies ICO contribution addresses, which allows investors to send their venture capital the actual ICO team, not a hacker or scammer. ICO Alert has enabled Clearify checks on its website starting today.*

Market Value of Cryptocurrency Decreases by USD 36 Billion in the Past 24 Hours

Since yesterday morning, the market value of cryptocurrency decreased by more than USD 36 billion. Bitcoin was trading at USD 9,958.31 at about 6:50AM EST this morning. According to CNBC, the last time Bitcoin traded under USD 10,000 was November 30, 2017. The market prices of Ethereum and Ripple also decreased by at least 20 percent.

France Forms Working Group to Develop Cryptocurrency Regulations

As reported by Coindesk, the French minister of the economy, Bruno Le Maire, has announced a new working group responsible for developing cryptocurrency regulations. The objective of the increased regulation is to prevent misuse and fraud involving cryptocurrency.

Block.One Announces New USD 50 Million Investment Fund, TomorrowBC

Block.One, the organization behind the development of EOS, has announced the creation of an investment fund, called TomorrowBC, which is dedicated to platforms developed for EOS. BLOCK.ONE has launched TomorrowBC with a USD 50 million seed.**

Former Long Island Iced Tea Corp., Announces Intent to Merge with Stater Blockchain Ltd.

According to Bloomberg, Long Blockchain Corp., the former Long Island Iced Tea Corp., announced its intent to merge with Stater Blockchain Ltd. Stater Blockchain Ltd. is a U.K.-based company that focuses on “developing and deploying globally scalable blockchain technology solutions in the financial markets.” Both companies will seek shareholder approval in Q2 2018.

Source: ICO Alert