MAY 2, 2018 – VERTCOIN’S TWITTER HIJACKED, COINMARKETCAP RELEASES IOS APP AND MORE

Vertcoin’s Twitter Account Hijacked, CoinMarketCap Releases iOS Mobile App, South Korean Blockchain Pilot To Provide Cash-Free Society, IMF Says Crypto Does Not ‘Pose Risks’ To Global Finance, Australia’s Corporate Watchdog Cracks Down on ICO

Crypto Scammers Hijack Vertcoin’s Twitter Account

Vertcoin’s Twitter account has been compromised in an attempt to facilitate a cryptocurrency giveaway scam.Yesterday, the account posted that it was “pleased to announce” a bitcoin giveaway, mimicking other Twitter scams which have promised high rewards to followers in exchange for small amounts of cryptocurrencies, usually bitcoin and ethereum…The hijacking was especially notable given that the account has a Twitter [verified] icon… As of press time, the post has yet to be taken down by Twitter staff.

CoinMarketCap Releases iOS Mobile App

CoinMarketCap, the popular cryptocurrency market data site, has released its first mobile app…currently only available for iOS users – comes as the site marks its fifth anniversary since launching in 2013…CoinmarketCap has received 60 million unique visits thus far in 2018…EO Brandon Chez said in a statement. “So we thought for this anniversary, it would be nice to do something big for our users”…CoinMarketCap’s app is available from the iTunes Store free of charge and includes ads

South Korean Central Bank: Crypto And Blockchain To Provide Cash-Free Society

The Bank of Korea (BOK) has recently announced it is considering cryptocurrencies and blockchain applications for its project for a “cashless society”…[It] announced the official launch of its cash-free society pilot yesterday…exploring possible uses of blockchain and cryptocurrency…also established an organization for researching digital currency and analyzing possible effects of cryptographic money on the overall financial system.The major goals of the project are customer convenience and reducing the cost of producing physical currency. The government also plans to use the initiative as a means by which to open the underground economy, which is mostly cash-driven

IMF Report Says Crypto Does Not ‘Pose Risks’ To Global Finance

Cryptocurrencies “do not appear to pose risks to financial stability,” the International Monetary Fund (IMF) said…In comments on crypto assets as part of its Global Financial Stability Report, the organization continued its recent stance in promoting international agreements on regulation. The report continues, “…they could [pose a risk] should their use become more widespread without the appropriate safeguards…Before they can transform financial activity in a meaningful and lasting manner, crypto assets will first need to earn the confidence and support of consumers and financial authorities.”

‘You have obligations’: ASIC Cracks Down on ICOs

Australia’s corporate watchdog has started cracking down on “misleading or deceptive conduct” in the marketing and selling of digital tokens via initial coin offerings..some companies have already halted their offerings or indicated a change in their ICO structure as a result of its inquiries…”If you are acting with someone else’s money, or selling something to someone, you have obligations…Regardless of the structure of the ICO, there is one law that will always apply: you cannot make misleading or deceptive statements about the product.