TOP 10 CRYPTO NEWS THIS WEEK (07/08 - 07/14)

 Our special top most popular Crypto News This Week is created based on the choice of our readers. If you are trading cryptocurrencies, investing in it your savings, or just starting your first acquaintance with the world of cryptocurrency, then the news of the crypto industry is of great importance to you. They help you stay abreast of the latest events and trends.

In this section we will acquaint you with the most widely read news in the last 7 days. Stay with us, stay up-to-date with the latest and most important events. Buy Crypto, Trade it, Hold it! 

1.  Youtube Dragged Into Bitconnect Class Action Lawsuit for Failure to Protect Victims

 Youtube has been dragged into a class action lawsuit against Bitconnect for failure to protect its users from being exposed to the scam’s videos. This case might be used by Google and others to justify their bans on crypto ads, arguing that their algorithms can not distinguish between legitimate projects and frauds.   

2.  Cryptocurrency Continues to Thrive in South Africa

 The popularity of cryptocurrency is not just restricted to Europe, Asia, and North America. South Africa, the continent’s second-largest economy, continues to experience a cryptocurrency boom despite the price downturns experienced in the market so far in 2018. 

3.  Cryptocurrency Markets Dip as Bitcoin Price Drops to Sub $6600 Levels

 The cryptocurrency markets took another dip on Tuesday morning as most of the major Top 10 cryptocurrencies suffered significant losses. The big loser across the board was EOS which crashed by around 12% on Binance to trade at around $7.60 in mid-morning trading. 

4.  Litecoin Foundation and Tokenpay Acquire Stake in German Bank

 Tokenpay Swiss AG has officially confirmed that it has acquired a 9.9 percent stake in WEG Bank AG in partnership with the Litecoin Foundation. The terms of the agreement will also include options to purchase approximately 90% overall of the bank, pending the customary regulatory approval. 

5.  Are Cryptocurrency Exchanges Hurting the Industry?

 Cryptocurrency Exchanges–Crypto-based trading platforms have found their way into headlines with increasing frequency throughout the past several weeks. 

6.  IRS Joins the J5, Should We Prepare to the International Enforcement? Expert Take

 In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation, and cryptocurrency adoption by different sectors of the economy. 

7.  Dash Continues to Pave the Way for Cryptocurrency Adoption in Venezuela

 Venezuela is a country which makes a lot of headlines, though not for the right reasons. Cryptocurrency has slowly begun making an impact in this country, even though it remains to be seen how successful all of these efforts will be. For the Dash team, Venezuela will remain an important location for the foreseeable future. 

8.  Robinhood Adds Bitcoin Cash & Litecoin Trading, Will Support Crypto Transfers

 Rapidly-expanding fintech unicorn Robinhood has added bitcoin cash and litecoin to the growing stable of cryptocurrencies that users can trade on the popular stock trading app. 

9.  Uber Angel Investor Believes Bitcoin Will ‘Solve Biggest Problems With Fiat’

 Early Bitcoin investors continue to bet on Bitcoin’s potential. For example, angel investor Jeffrey Wernick started investing in the “the currency of the people,” as he calls it, in 2009. Wernick believes that Bitcoin’s formidable power resides in the fact that its value “comes from its ability to solve the biggest problems with fiat money.” 

10.  Indian Congress Demands Probe Into Bitcoin Scam Involving Top Officials

 Another day, another crypto-related scam. This time it’s in India, where members of the nation’s congress have demanded a Supreme Court-monitored investigation into a “mega Bitcoin scam.” Calls for the probe are led by senior congressional leader Shaktisinh Gohil, who accuses the top leadership of the country’s largest political party, the Bharatiya Janata Party, of involvement. He’s alleged that the accused used Bitcoin to carry out illegal hawala transactions and attempted to use the country’s Criminal Investigation Department to cover them up. 

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