Satis Group, the leading advisory group on ICO issues, classified the primary location of the tokens according to their quality to demonstrate a real picture of the actual progress of the projects. According to Satis Group's findings, almost 81% of ICO turned out to be fraudulent, and only 1.6% have real prospects for success. The Satis Group classifies ICOs from the first fund-raising offer until the appearance of the token on the exchange. Researchers divide the projects into the following groups:
According to the statement of the British city minister (supervises the financial services sector), John Glen, cryptocurrencies do not pose a threat to the country's economy and any regulation will only contribute to the development of the Cryptocurrency. John Glen, responsible for the UK financial services sector, said, "the government is trying to find the right approach and a reasonable level of regulation." On Thursday, British Chancellor Philip Hammond announced the creation of a new cryptocurrency unit, which included representatives of the Treasury, the Bank of England and the FSA (Financial Regulator of the country). The created group will deal with "risk management of cryptocurrency assets and extraction of potential benefits".
The world-famous ex-employee of the NSA and unmasker Edward Snowden gave an interesting and extensive interview to Peter Van Valkenburgh during the conference "The Blockstack 2018" in Berlin.
Entrepreneur Vladimir Orekhov filed a lawsuit against the Russian division of Google (Google), where he accused the company of causing him moral damage for 2 billion rubles for the damage caused to his business after the ban on cryptocurrency advertising. Orekhov deals with investments in cryptocurrency projects. Because of the ban on advertising cryptocurrency and ICO in Google, an entrepreneur "lost access to potential investors overnight", and since he is an investor himself, this ban deprives him of useful information about companies entering the ICO, correspondingly promising investments, and "will affect future incomes ". 2 billion rubles (about $340 Mln) calculated based on the lost profits of the project.
The famous twin brothers Tyler and Cameron Winklevoss, who in December 2017 became the world's first confirmed by cryptocurrency billionaires (according to the value of their cryptocurrency assets at that time), intend to create a self-regulating organization of the Virtual Commodity Association for monitoring crypto-exchanges and platforms in the US. The organization will monitor the crypto-currency business, as well as develop industry standards and increase transparency in working with regulators, including the Commodity Futures Trading Commission (CFTC), and will prevent fraud.
The Coinbase exchange has concluded a deal with the British bank Barclays and has access to the inter-bank system Faster Payments Scheme, which makes faster transfers. This should facilitate the process of depositing and withdrawing funds for British users of the crypto exchange, because before that they had to use the services of one of the Estonian banks. Coinbase also received a license from the Financial Supervision Authority (FSA) of the United Kingdom, which allows the issuance of electronic money and provide payment services on the territory of the country. Thus, Coinbase was in fact equated with the rest of the country's financial institutions, since it will obey the same requirements and have almost the same opportunities. However, the company still has to pass several additional checks, for example, on the separation of customer funds.
Goldman Sachs customers received a letter in which analysts of the bank warned that the price of Bitcoin could soon fall below 6000 dollars. The team of technical analysts of the bank is headed by Sheba Jafari, who is sure that the market decline began with the large sales of Bitcoins, which previously belonged to the MtGox crypto exchange. As it became known, the head of the board of trustees of the exchange Nobuaki Kobayashi organized several rounds Bitcoin sales to pay off creditors MtGox.