Industry Watch 2 February, 2018

Nami | Daily Crypto News 02.02.2018

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The Telegraph: Apple removes encrypted messaging app Telegram from App Store

The controversial secure messaging app Telegram was temporarily banned from the App Store by Apple.

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Nikkei Asian Review: India hints at curbs on cryptos to end illicit activities

India’s Finance Minister Arun Jaitley hinted at a crackdown on cryptocurrencies to eliminate financing of unlawful activities, but hopes to explore the blockchain technology as the country continues its push toward a digital economy.

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Nikkei Asian Review: Regulators raid hacked Tokyo virtual currency exchange

Japanese financial regulators on Friday raided the office of virtual currency exchange Coincheck. This is the first time Japanese regulators have raided a virtual currency exchange. They also ordered all other exchanges to report back on their risk management procedures.

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Coin Speaker: CoinMarketCap Brings South Korean Exchanges Back Into Its Price Index

As cryptocurrency prices stabilized across the globe, CoinMarketCap reinstates South Korean exchanges, listing their crypto data again.

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Financial Times: Kodak shares tumble as it delays KodakCoin launch

Shares in Eastman Kodak tumbled on Wednesday after the company said it would delay the launch of its new cryptocurrency, KODAKCoin. Shares in Kodak fell more than 15 per cent to $7.75 after it said that while more than 40,000 potential investors have expressed interest in the ICO, “we expect this process to take several weeks”. When the company first announced the venture it has said investors could start buying in on January 31.

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Forbes: Ransomware And Cryptomining Spiked In 2017 According To Report

A new report from Malwarebytes finds that ransomware and cryptomining attacks rose dramatically in 2017, accompanied by a 12 percent spike in attacks against consumers.

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Reuters: Italy’s Enel not interested in powering cryptocurrency miners

Europe’s biggest power utility Enel has taken a stand against the energy-hungry industry of mining cryptocurrencies, saying it has “no interest whatsoever in selling power” for the purpose.

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Coin Desk: Crypto Exchange Bittrex Outlines Token Listing Criteria

Seattle-based cryptocurrency exchange Bittrex has today made public its criteria for listing and delisting tokens.

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Business Insider: Only 48% of ICOs were successful last year – but startups still managed to raise $5.6 billion

Fabric Ventures and TokenData report: $5.6 billion raised through “initial coin offerings” in 2017. There were 435 successful projects, raising an average of $12.7 million. The 10 largest projects raised 25% of the money. “On average, tokens have returned 12.8x the initial investment in dollar terms,” but the majority of gains come from early projects and returns are trending downwards.

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