Tezos Sued again and Roger Ver Tantrums: Best of the Week

Catch up on last week's top stories.

End of binary options for SpotOption

On Tuesday we reported that SpotOption, the Israeli binary options platform provider, is to close all operations related to that particular field in the coming months and switch focus to other areas of business.

The decision is the result of the Israeli regulatory authorities implementing a complete ban on the binary options industry.

Tezos woes

The massively successful ICO of Tezos has been in the headlines a lot recently for all the wrong reasons. This time, it is faced with a third class-action lawsuit seeking to “recover bitcoin and ethereum contributed to the Tezos ICO, along with any corresponding appreciation in value of those invested assets, or the equivalent in monetary damages or restitution”.

The complaints all hinge on the fact that the Texos tokens were sold as securities, but never registered as such by the owners of the company.

Bitcoin CFD warning

On Wednesday we reported that IG Group and Plus500 are worried about the crypto bubble popping their faces, and have taken precautionary measures. 

IG Group CEO Peter Hetherington said: “We have strict internal hedging limits on certain exotic products — principally cryptocurrencies — to determine how much of the underlying asset we are exposed to [and] avoid risks we’re not comfortable with.”

Plus500 on its part charges a 175% annual interest rate on holding crypto CFDs overnight, discouraging customers from holding the postions open.

Data is the new oil

More than 20 companies have come together to announce the launch of a new data marketplace, powered by distributed ledger technology.

Called ‘the Tangle’, the new network will create new blocks automatically and will be light enough to operate on mobile devices.

Ethereum transactions

As Bitcoin explodes in price, Ethereum is finding its own success with the sheer number of transactions taking place on its network.

As of Wednesday, Ethereum transactions accounted for 52.2% of all cryptocurrency transactions, recording 638,989. For comparison, Bitcoin recorded 382,723 transactions at the same time.

Bitcoin Cash meltdown

Bitcoin spinoff Bitcoin Cash has been largely bullish since its creation this year. However the relationship between the two cryptocurrencies is tense. The creation of Bitcoin Cash has not affected the incredible rise of the original Bitcoin, even if the former does offer a solution to some of the issues suffered by the latter.

Roger Ver, hardcore promoter of Bitcoin Cash, was recorded becoming rather upset during an interview when a journalist called the coin by the wrong name.

ICO hype slows down

On Friday we published an analysis of the ICO market. The incredibly popular fundraising technique inspired dozens of projects, and scepticism from many. Now it seems that the numbers are starting to tail off.

Is an ICO still a good investment option? What do the experts say? Read here and found out. 

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