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.
Google decided to adopt the experience of Facebook to change the advertising policy for crypto and ICO and have already begun to restrict the issuance of advertisements in AdWords, which mention products or services related to cryptocurrencies. Despite the fact that no official announcements have been received from Google, marketing firms and PR agencies report a significant decrease in the issuance of advertisements related to cryptocurrencies, ICO and projects on the blockchains.
Taking advantage of the fact of a whole flurry of information about the potentially multi-billion dollar ICO of the popular Telegram messenger, a fake website has appeared that tried to attract potential investors. The site (https://telegramfoundation.org/), which is allegedly organized by the Telegram Foundation, offered to invest funds for what it called a "public ICO" of the Telegram (TON). However, it is known that the real TON pre-sale was mostly held behind closed doors, and the only public information related to the proposal in Form D, which was filed with the US Securities and Exchange Commission (SEC).
The largest automobile Concern Daimler AG, together with the German commercial bank Landesbank Baden-Württemberg (LBBW), completed the test blockchain-project, issuing corporate bonds for 100 million euro within the framework. The pilot project also involved the banks of Esslingen-Nürtingen, Ludwigsburg and Ostalb. All transactions within the framework of the test carried out using blockchain technology and protected by cryptography. The bond redemption period is 1 year.
Earlier this year, when the price of Bitcoin compared to the record highs of December 2017 fell by more than 60%, another very important indicator - the number of transactions in the blockchain for the day - decreased. Compared to December last year, this figure has dropped almost twofold, reaching a record low mark over the past two years. "We had a hype-cycle and now it's cooling down," explains Charles Morris, investment director for the London-based company Newscape Capital Group, "We just may be entering a bear market"
Co-founder of UBER Garrett Camp intends to issue a cryptocurrency called Eco. Camp sees it as a global virtual currency, used as a means of payment for daily user transactions. The planned emission will be 1 trillion Eco coins, half of which will be completely distributed among the first billion registered and verified users. 20% will be provided to universities, node managers, and 10% to the partners of the company, advisors and Eco Foundation, which will support the network. For the Eco Foundation's operating expenses, Garrett Camp plans to provide $ 10 million with partners.