Tag Archives: Cryptocurrency

Cryptocurrency Watch : aelf

aelf (ELF)

Aelf is a Blockchain based company developing a decentralized ‘Cloud Operating System’ designed to become a central hub for all Blockchains. Aelf believes the current challenge preventing large scale commercial adoption of Blockchain technology is its inability to meet the requirements of various business and industrial scenarios.

Current Price: $2.01 USD
Website: http://aelf.io/
Type: Token
Market Cap: $501,890,000 USD
Circulating Supply: 250,000,000 ELF
Total Supply: 260,000,000 ELF

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Facebook Bans All Cryptocurrency Ads

Facebook is firing back against misleading and deceptive ad practices, and ICOs, cryptocurrencies and binary options are at the top of their list. In a blog post by Facebooks’ Rob Leathern, the social media giant is trumpeting a new policy, banning ads that “promote financial products and services that are frequently associated with misleading or deceptive promotional practices.”

Without a clear regulatory framework for ICOs, Facebook is just trying to protect its users — of which there were 2.7 billion as of Q2 2017 — and prevent bad actors from promoting their scams on the site. The policy is a broad-brush approach for the time being but seems to target sketchy ads making unrealistic claims and flying in the face of expert advice from blockchain veterans not to invest more than you can afford to lose in any digital coin.

Reference: https://www.ccn.com/facebook-takes-aim-at-icos-cryptocurrencies-in-new-ad-guidelines/

Ignis Token Surges 35%

The price surge of the Ignis token therefore is connected with the announcement of it being listed on the Bitterex exchange. On its twitter handle, Ignis announced being listed of Bitterex of its token as it expects trading to begin soon.

This is a major listing of which several more will be expected in future dates. However, the crypto marketplace has once again remained consistent with its behaviour as listing on a major exchange initiates significant increase in price. For speculators, this is usually a good opportunity to make good profit as the market continues to develop.

Reference: https://www.ccn.com/ignis-token-surges-35-bitterex-listing/

Messaging App Giant ‘Line’ is Launching a Cryptocurrency Exchange

In an announcement today, the Tokyo-based chat app confirmed that it has filed an application with the Financial Services Agency (FSA) – Japan’s financial regulator – to register and launch a cryptocurrency exchange. The application is currently under review.

It’s a significant move, one which sees Japan’s biggest messaging service announcing its foray into cryptocurrency trading, to be enabled within its chat application that is ubiquitous among some 70 million Japanese users. The messaging app is also massively popular in other regional nations including Indonesia, Thailand and Taiwan.

Reference: https://www.ccn.com/messaging-app-line-launching-cryptocurrency-exchange-60-million-japanese-users/