Key Facts Of The Day 04.08.2018
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Thailand Considers Confiscating Stolen Crypto, Store in Own Wallet

Thailand’s financial watchdog could potentially legalize confiscating crypto that was involved in fraud and will most likely create a government-backed digital wallet to store such assets. As according to The Nation, The Anti-Money Laundering Office of Thailand (AMLO) has presented that initiative at the cybercrime seminar in Bangkok. As per the current regulations, the government is unable to confiscate the stolen crypto even if the culprit is already behind bars.


  • Cryptocurrency crime in Asia is on a rise, as UN states in their report, 10 countries of the region account for the $200 million. Police is actively calling on the government to provide a framework on dealing with crypto related crime.
  • Some countries in Europe have already obtained the legal framework to confiscate stolen crypto like UK. More recently, Europol has detained drug dealers that held over $5 million in bitcoin. The first large scale sell-off of stolen crypto was conducted by the U.S. when 114 thousand bitcoins were taken off the Silk Road darknet and subsequently sold in 2017 for $48 million.

China’s Largest Bank to Utilize Blockchain

Chairman of the Industrial and Commercial Bank of China (ICBC) said that the bank will focus on developing blockchain technology. ICBC Chairman Yi Huiman said that the financial institution will support innovations in the spheres of blockchain, cloud computing, Big Data, Artificial Intelligence (AI), and the Internet of Things (IoT).


  • Chinese regulators take a harsh stand towards cryptocurrencies and ICO. On another hand, they show great interest in blockchain technology. Tightening the rules regarding cryptocurrencies since September 2017, the People's Republic of China is actively working on the development and implementation of blockchain technologies in various sectors.
  • Earlier in July it became known that ICBC plans to patent a blockchain-based system. The service for trading financial assets is described in a patent application filed at the beginning of this year. Institutions involved may operate as nodes to form a distributed network through the platform.

Bittrex Delists Bitcoin Gold After Compensation Refusal

The administration of Bittrex crypto exchange earlier announced it was going to terminate maintaining operations with the digital currency Bitcoin Gold starting September 14. The main reason to remove all the existing trading pairs for BTG (against BTC, ETH and USDT) from the platform was a disagreement between the site and the coin’s developers team, Bitcoin Gold press center said in a statement.


  • After the attack, BTG’s developer team was able to successfully implement a hardfork, which allowed to strengthen the security of the project. After delisting, the Bitcoin Gold team urged the crypto community not to panic and noted that terminating operations at Bittrex will not significantly affect the market rate.
  • BTG currently stands at number 29 in top-100 cryptocurrencies showing a slight rise by 0,91% and trading at $21,49 with the market capitalization of $370,778,486.

Dogecoin & Litecoin Hype, Transaction Volumes Reach New Heights

The petition that aims to persuade Amazon CEO, Jeff Bezos, to accept dogecoin as a payment option for the market platform has reached 10,000 signatures yesterday. The petition was presented on 11 months ago with a solid argument saying that the coin is stable, cheap and fast. Petition starter, user Mark E., also mentioned that a dogecoin is an ideal option as a currency instead of being a hoarding asset like bitcoin.


  • So far Amazon hasn’t announced a reply to the petition, and maybe it won’t since the company might plan to issue its own cryptocurrency. Earlier, a similar petition was conducted and Google Play market accepted dogecoin while it had only 1463 signatures.
  • Meanwhile Yahoo! Finance integrated dogecoin alongside bitcoin, ethereum, and litecoin and Poloniex that are also available on the platform.

Colombian Authorities Promise to Support Cryptocurrencies and Blockchain

Such a statement of support was announced by the president of Colombia, Ivan Duque, during the International Congress on Information and Communication Technologies. He urged blockchain startups to consider this Latin American country to open their offices at.

The president made an appealing offer of removing taxes for five years from the crypto companies. According to Duque, blockchain startups create new jobs, as well as bring the development of technologies in the country to a new level, improving the situation in the legal and security fields, thus getting rid of corruption.


  • The Colombian government does not ban cryptocurrencies, but tries to regulate their turnover. In July, citizens had to declare their income from the sale of digital assets. There is no normative base for the use of cryptocurrency in the country, it is recently being developed by the association of blockchain.

At 19:00 (GMT+1) total cryptocurrency market capitalization stands at $240,2 billion

Litecoin (+5,36%) showed the best growth in the top-10

BitcoinDark (+141,61%) showed the best growth in the top-100

Market Dynamics

The trading volume of cryptocurrencies for 24 hours reached $12,68 (-0,61 billion per day)

Mining Profitability

  • BTC $2,6 for 10 TH/s
  • ETH $0,21 for 10 MH/s
  • BCH $0,27 for 1 TH/s
  • LTC $4,08 for 1 GH/s
  • DASH $0,11 for 1 GH/s

Ongoing ICOs:

Expected ICOs:

Click here for the full list of ongoing ICOs. is now on Telegram! Follow up the most important news from the crypto world by subscribing to our channel.

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