South Korea Recognises Cryptocurrency As Assets

South Korea’s Supreme Court has recently confiscated 191 Bitcoins from a man who operated on a pornographic site, therefore, recognizing cryptocurrencies as assets, reports South China Morning Post.

This is the first time cryptocurrencies have been confiscated in the country. The court has seized 191 Bitcoins worth approximately $2.3 million, which the man, called Ahn, earned on pornographic sites.

“The cryptocurrency is recognized to have value so it can be confiscated,” the Supreme Court stated.

Ethiopian Government Signs Agreement With ADA To Introduce Blockchain In Agritech

The Ethiopian government has recently signed a memorandum of understanding (MOU) with cryptocurrency startup Cardano (ADA), The Next Web reports May 3. The agreement will see Ethiopian developers apply blockchain technology to the country’s agritech industry.

Venezuelan Digital Coin Presale Fetches $3.3Bln – Maduro

MEXICO CITY - A presale of Venezuela's state-backed virtual coin called petro has raked in $3.3 billion, President Nicolas Maduro said.

Maduro said in a statement on Thursday the proceeds would be transferred to the central bank to be auctioned off via foreign exchange platform DICOM, according to the AVN news agency.

Petro ICO Review: A sovereign asset powered by the Venezuelan Government

Petro is an electronic currency proposed by the Venezuelan government. The utilization of blockchain technology allows you to transfer bulk information without the need for any third parties. This crypto also offers efficient tools that may successfully work to tackle the challenges that come with developing financial solutions and platforms.

Top 5 Biggest Cryptocurrency Scams

Cryptocurrencies have revolutionized the way people do transaction worldwide - but they've also facilitated some monumental scams within the last nine years. The success of Bitcoin and several altcoins jumpstarted an industry that's incorporating Blockchain technology in several innovative ways.
As the smartest minds have created some game-changing companies backed by the ability of Blockchain and cryptocurrencies, nefarious minds also have jumped on the bandwagon, fleecing unwitting investors in elaborate scams.

WeChat Shuts Down Cryptocurrency Groups On Government Orders 📰📰

The world has gone crypto crazy and China is no exception. However, the market is still highly speculative, and many people have fallen victim to crypto scams. This issue is already being addressed in the West where Twitter, Google, and Facebook have all banned crypto advertisements, specifically for initial coin offerings or ICOs. This week, China followed suit with their largest social network, WeChat.

G20 Considers Crypto As Assets, Not Currencies, According To Document Draft

A draft of a G20 document -- acquired by Bloomberg -- reads that cryptocurrencies “lack the traits of sovereign currencies,” implying that the G20 considers crypto to be an asset rather than a currency, Bloomberg writes today, March 20.

The issue of how to define cryptocurrencies is expected to be discussed this afternoon, according to Bloomberg.

What Should Be in an ICO White Paper? Expert Take

The rising popularity of Initial Coin Offerings (ICOs) — and an accompanying spate of fraud and market volatility — has prompted an overdue debate in Washington, D.C., and around the world, about the proper regulatory policies for ICOs and cryptocurrencies more generally. Some of the most common questions involve the appropriate division of authority between the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC), and whether their authority should reach deep into the heart of the cryptocurrency ecosystem, the spot market. Still, others contemplate whether or not an entirely new or alternative regulatory regime is needed for cryptocurrency and token fundraisers, not only here but also in Europe and elsewhere.

Scammers Launch Fake ICO; Steal $2M From Investors

According to CNBC, the scammers used a fake profile on LinkedIn and stole pictures from another Instagram account to create a fake person — and were then able to get more than 1,000 investors to invest in Giza, its so-called ICO project. Investors who fell victim to the ICO scam told CNBC that they thought they were investing in a real project until red flags started to arise — such as the fact that the company had a falling out with its only supplier, and a lack of communications from the founders of the startup. Investors were also unable to get back lost funds, leading to the revelation that they had been scammed.

Venezuela Picks FX Platform to Auction Petro ‘Oil-Backed Cryptocurrency’

Venezuela has chosen a platform on which to auction its “oil-backed cryptocurrency”, the petro. While the country’s National Assembly has repeatedly declared this new currency illegal, the Venezuelan government will proceed with the auction of the petro on the country’s official foreign exchange platform.

First Bank ever to integrate Crypto-Banking!!

Bank Frick, an autonomous family-run bank in Liechtenstein has made the declaration on Wednesday, Feb. 28 that they will be tolerating ventures and beginning exchanges in cryptocurrency. Noticing it is the “first” bank in the nation to do so.

One in 2000: What Makes Venezuela's Petro Cryptocurrency Special

Currently there exist more than 2,000 cryptocoins, but despite the variety of options, the petro has some unprecedented features that make it unique, Venezuelan Cryptocurrency Superintendent Carlos Vargas told Sputnik Mundo.

Venezuela's petro token raised $735 million on the first day of a pre-sale, President Nicolas Maduro announced Tuesday.

"The Petro Is Born Today" - Maduro Launches revolutionary Oil-Backed Crypto

More than two months after Venezuelan President Nicolas Maduro announced his intention to launch the world's first state-sponsored cryptocurrency to try and help Venezuela raise some badly needed foreign capital, the Petro - backed by 5 billion barrels of oil that are still waiting to be pumped out of a local oilfield - is now a reality.

Yes, The Petro-Yuan Is A Threat To The U.S. Dollar

 

Summary

The US dollar enjoys a special privilege in the world due to its dominance in the global oil trade.

The agreement that created this dominance was predicated on the United States being the largest oil importer in the world, which is no longer the case.

Cryptocurrency by Russia's Telegram Founder Raises $850 Mln in Investments

In early January, the TechCrunch website reported Telegram’s plans to launch its own blockchain, the “Telegram Open Network” (TON), platform and homegrown cryptocurrency.


Russian tech genius, founder of Vkontakte and Telegram, Pavel Durov has filed a “Notice of Exempt Offering of Securities” with the US Securities and Exchange Commission (SEC), reporting $850 million raised from 81 investors for “the development of the TON Blockchain, the development and maintenance of Telegram Messenger.”

Swiss watchdog issues ICO rules amid drive to become 'crypto-nation'

Switzerland's financial regulator has responded to the booming interest in digital currencies such as bitcoin with a rulebook to support those involved in the market.

‘3 Clicks and 40 Secs’: Santander to Launch Ripple Retail Payments App in 4 Countries

Spanish banking giant Banco Santander is set to roll-out a personal payments app for retail customers powered by Ripple’s blockchain technology in Q1 2018.
In what could become the earliest major retail use cases of blockchain technology in the banking system, Santander is set to launch a personal payments app for international payments powered by Ripple’s blockchain tech. First reported by Finextra, the application will enable international payments in “3 clicks and 40 seconds” for retail bank customers, reveals a slide by Santander’s 2017 earnings presentation [PDF] released last week.

Something’s not Right: Tether, Auditor “Dissolve Relationship” According to Rumors

Reports surfaced Saturday night that Tether and their auditor, Friedman LLP, had dissolved their relationship. Because of the weekend, independent confirmation hasn't been received. Calls to Friedman LLP have gone to the voicemail.

Nigeria’s SureRemit raises ₦2.5 bln ($7m) via ICO

Nigeria-based non-cash remittance platform SureRemit has raised ₦2.5 bln (US$7 million) via an innitial coin offering (ICO) to roll out its digital voucher system that makes payments easier and cheaper.
BuyAltCoinsNigeria reported at the end of this past year SureRemit had launched the ICO in a bid to boost funds for a blockchain-based remittance service.

Check out the Sleeping CryptoGiant for 2018

This video is purely speculation and the opinion on the current trends and information are that of the Youtuber's research shared with you. The Youtuber is not a financial adviser so please do your own research as well before investing in anything.