Apr 30, 2019 · 5 min read

Tuesday, 30 April 2019

1. Australian Crypto Scam Reports Rose Almost 200% in 2018

Australia saw a surge in reports of scams involving cryptocurrencies last year, according to the country’s consumer watchdog. In 674 cases, victims reported to the the Australian Competition and Consumer Commission (ACCC) and other government agencies that cryptocurrency had been used to pay scammers in 2018, with reported losses of AU$6.1 million (US$4.3 million), the ACCC said in its tenth annual “Targeting Scams” report on Monday. The figure is 190 percent higher than the reported AU$2.1 million (US$1.48 million) lost to crypto scams in 2017.

[Source: Coindesk] ✩✩✩✩

2. SEC Suspends Trading in Securities of Crypto Exchange Bitcoin Generation

The United States Securities and Exchange Commission (SEC) has temporarily suspended trading in the securities of crypto exchange Bitcoin Generation, the government agency announced on April 29. In a statement, the SEC said the suspension will be effective from 9:30pm EDT on April 29 until 11:59pm EDT on May 10.

[Source: Cointelegraph] ✩✩✩✩✩

3. Bitcoin Platform Bakkt Acquires Crypto Custodian, Bank of England Champions Digital Economy, BTC Breaks Record in Venezuela

Bakkt, the upcoming Bitcoin trading platform from Intercontinental Exchange, has acquired Digital Asset Custody Company (DACC). The company stores customers’ digital assets, protecting Bitcoin and cryptocurrency private keys. By providing a secure custody solution, Bakkt expects to minimize the threat of digital assets being lost due to hacks, a primary concern among institutional and retail investors.

[Source: TheDailyHodl] ✩✩✩✩

4. Number of Infected Electrum Bitcoin Wallets Reaches 152,000

The number of infected Electrum bitcoin (BTC) wallets has reached 152,000 following an ongoing Denial-of-Service (DoS) attack on its servers. The development was reported by anti-malware software firm Malwarebytes in a blog post on April 29.

[Source: Cointelegraph] ✩✩✩

5. Novogratz’s Crypto Firm Posted $272.7 Million Loss in 2018

Galaxy had $249.1 million in digital assets and investments as of Dec. 31, down from $323 million at the end of September, the New York-based company said in a statement Monday. The fourth-quarter decrease was primarily a result of $48.7 million of net realized losses on digital assets and $25.0 million of unrealized loss on investments.

[Source: Bloomberg] ✩✩✩


6. Canadian Regulator Introduces New Rules for Crypto Mining

Régie de l’énergie, the energy regulator of the Canadian province of Quebec, has released new rules for cryptocurrency miners. The development was announced by major Canadian electricity provider Hydro-Quebec on April 29. Under the new regulations, the Régie de l’énergie has ordered power producer Hydro-Quebec to allocate 300 megawatts (MW) to the blockchain industry. “This 300 MW will be in addition to the 158 MW already granted to existing customers approved by Hydro-Quebec, and to the 210 MW granted to existing customers approved by municipal distributors,” the announcement further explains.

[Source: Cointelegraph] ✩✩✩✩

7. U.A.E. Token Sales Make It a Global Crypto Capital, Passing U.S.

Coming from way behind, the United Arab Emirates has just emerged as the world’s capital for sales of digital tokens, accounting for more than a fourth of all funds raised in offerings this year through early April, according to CoinSchedule.

[Source: Bloomberg] ✩✩✩


8. Huobi Cloud Aims for 80 More Exchange Partners in Bid for Revenue Growth

Singapore-based exchange conglomerate Huobi Group has a unique growth strategy for emerging markets: partner with local entities and then split the profits 50/50.

Revealed exclusively to CoinDesk, the South African exchange HIZA will launch in May and join a cohort of 150 platforms under the Huobi Cloud umbrella, according to Huobi Group’s senior business director David Chen.

[Source: Coindesk] ✩✩✩

9. Local Media: HTC Plans to Launch 2nd Gen Blockchain Smartphone in 2019

In an attempt to grab a bigger share of the blockchain market, electronics giant HTC has announced that it will release a second-generation blockchain-powered smartphone in the second half of 2019. This according to a report by Taiwan Times, published April 28, 2019.

[Source: BTCManager] ✩✩✩✩


The former US Securities and Futures Trading Commissioner and blockchain supporter Bart Chilton has died. Chilton was also known for his tight stance on swaps and derivatives, as well as being a critic of high-frequency traders. Chilton will also be remembered as an advocate of Bitcoin and the application of blockchain technology in general. As a Forbes contributor, Chilton wrote a couple of pieces for the publication highlighting the strengths and areas of improvements that the blockchain could take.

[Source: Bitcoinist] ✩✩

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Based in Singapore and operating globally, Infiny is a…


Based in Singapore and operating globally, Infiny is a professional management consulting company that provides one-stop solution to blockchain projects and crowdfunding campaigns.


Written by


A professional management consulting company providing one-stop solution to blockchain projects and crowdfunding campaigns.


Based in Singapore and operating globally, Infiny is a professional management consulting company that provides one-stop solution to blockchain projects and crowdfunding campaigns.