Cryptocurrency Startup LoopX Pulls Exit Scam After Raising $4.5M in ICO (TheNextWeb.com)
Another day, another exit scam: an emerging cryptocurrency startup more commonly known as LoopX has suddenly vanished out of thin air along with millions worth of its investors’ savings. The sketchy investment platform, which promised to earn backers’ money with its proprietary trading algorithm, has abruptly gone dark after raising $4.5 million in a series of initial coin offerings (ICO). The company has since also pulled its website and deleted its social media fingerprint, including Facebook, Twitter, YouTube, and Telegram accounts.
Cryptocurrency Businesses Find Ways Around Facebook Ad Ban (IOL.co.za)
INTERNATIONAL – Cryptocurrency ads have found their way onto Facebook despite a ban, using a workaround popular with email spammers: changing spelling. In one recent ad, the “o” in “BITCOIN” was replaced with a zero, and the capital I’s were replaced with lowercase L’s. The tactic was noticed by French entrepreneur Matthieu Suiche on Twitter, who said he was surprised by the ban’s lack of sophistication. Facebook Inc. banned ads tied to cryptocurrencies, initial coin offerings and binary options last month, saying they were associated with misleading and deceptive practices.
Neo Price Stabilizes: Small Banks in Europe Support Cryptocurrency Success (FXStreet)
Neo stabilizes between $110 recorded on Friday 9th Feb 2018 and $115 on Monday 12th Feb 2018. NEO/USD is trading at $113 on Monday as trading opens this week. Neo has been on an upward trend for almost two weeks now. The news in the highly speculative market has been in support of both major and small virtual currencies. Most cryptocurrencies are thriving in Europe including Neo as small banks decide support cryptocurrencies.
Iceland will Use More Electricity Mining Bitcoins than Powering its Homes in 2018 (Qz.com)
Bitcoin prices may have plunged in the first months of 2018, but the cryptocurrency craze is still burning bright—and using up a lot of electricity in the process. Some headlines have claimed that bitcoin mining worldwide uses more electricity than all of Denmark or Ireland, while others argue that such figures are inflated. Now figures from an energy firm in Iceland provide some context. In 2018, HS Orka estimates that Icelandic data centers mining cryptocurrencies will use 840 gigawatt-hours (GWh) of electricity—more than what the country’s entire population consumes in the same year to power their homes.
Bitcoin Getting Ready to Hit $10,000 Again – Here’s What’s Happening Around the World (BGR.com)
The Bitcoin bloodbath of early February, the second and biggest such event of the year, seems to be forgotten. After plunging through $10,000 and dropping below $6,000 on bad regulation news from Asia, Bitcoin recovered plenty of ground in the past few days, trading for as high as $9,000 across exchanges — one Bitcoin costs just over $8,700 at the time of this writing. It’s good news across the board, as all cryptocurrencies are doing well in early trading. We’re looking at single-digit gains for most of them — ranging from 2.49% (Bitcoin Cash) to 8.83% (Neo) when looking only at the top 10 coins by market share.