Welcome to another daily Blazin Crypto blog for Thursday, March 17, 2018. Crypto market's hemorrhage continues, no sign of stoping the bleeding.

Blazin News 📰

🌶 Luxembourgs Financial Regulator Issues Warning Agains Cryptocurrencies And ICO's

The Luxembourg Financial Regulator CSSF issued a warning against investments in cryptocurrencies and ICOs (Initial Coin Offering), Cointelegraph auf Deutsch reported today, March 17. In the official warning the authority notes that cryptocurrencies are not backed by any central bank, and warns against the volatility of virtual currencies, stressing that deals are often not entirely transparent and business models are incomprehensible. It warned of the absence of consumer protection and the risk of theft, since cryptocurrency exchanges may be vulnerable to... Read More

🌶 Bitmain Announces New Monero Mining Antminer X3 Cryptos Devs Say Will Not Work.

Bitmain’s just-released ASIC-powered Antminer X3, designed to mine the CryptoNight hashing algorithm used by Monero (XMR), may not be effective by its first release in May 2018, according to an article by The Next Web published yesterday, March 16. The new Antminer, announced on Bitmain’s Twitter on March 15, comes at two price points: $11,999 for the first round in delivered May, and $7,599 for the second datch, delivered in June.
However, the project lead at Monero, Riccardo Spagni, linked to Bitmain’s Twitter announcement in his own tweet, stating that their new miner will “NOT WORK [sic]” for mining Monero...Read More

🌶 Israel Steps Toward Cryptocurrency Support.

In terms of technological innovation, Israel has been labeled by some as “The Startup Nation” with Israeli ventures raising over $5 billion in capital in 2017. This is almost 10% of China’s yearly fundraising total. While there’s a number of popular applications, platforms, and products including USB flash drives, the Waze navigation app, SodaStream carbonation machines, the country has set its foot in the crypto industry as well.
Back in 2017, Hapoalim, Israel’s largest bank, partnered with Microsoft to create a Blockchain-powered platform to “make the process of signing up guarantors simple and quicker.” And in...Read More

🌶 Crypto Market Continues To See Drop On Google Crypto Ad Ban FUD Despite Adoption

The crypto markets have taken a hit today, March 16, with Bitcoin (BTC) dropping below $8,000 and Ethereum (ETH) below $600. The slump can most likely be attributed to Google’s update of its Financial Service policy that means a ban of all crypto-related advertisements starting in June 2018.As the crypto ad ban won’t go into effect for another four months, CNBC anchor Jon Fortt tweeted an image yesterday of a cryptocurrency Google-serv...Read More

Current Market Capitalization $294,169,729,190

Big Upcoming Events / Meetups 📅

March 19, 2018: Dubai-Blockchain Innovation & Investment Summit
This will be the largest Investment Summit un Dubai. The event is planing to attract over 1200 delegates globally and they plan to push blockchain awareness in the Middle Eastern Community

March 22, 2018: New York-Wall Street and The Internet Of Money
This event will focus on branding, experiencing and networking. Guest speakers will also be presenting.

March 28, 2018: Japan-First Ethereum Japan Community Meetup
This will be the very first Ethereum Japan Community Meetup which is organized by the first Ethereum community in Japan, supported by Ethereum Foundation and has a goal of promoting technology connecting Ethereum developers with local community members and more.

HODL GANG

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