Market Analysis Report

Weeks After Seizure, Bitcoin Exchange BTC-e Is Back Online

BTC-e, the Bitcoin exchange charged by US authorities last month with a host of money laundering crimes, has launched a new website weeks after its original one was seized by law enforcement. The site is accessible through the domain btc-e.nz, though it appears that users in some parts of the world are not able to log in. BTC-e recommended that users reset their security settings, given the recent moves by US authorities:

"Because of the seizure of the data, there is a high risk that it has been compromised. That is why in order to protect your funds, you need to refresh the security settings."

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ICO Site Suspends Services Amid Reports of Regulator Scrutiny

A platform for investing in initial coin offerings (ICO) in China has suspended its services as government officials reportedly begin scrutinizing the funding model more closely. ICOINFO, in a notice posted on its website, cited "a shifting regulatory environment" in its decision to freeze the platform. The notice reads:

"Because of a shifting regulatory environment, and in order to minimize risk for supporters and project-owners, ICOINFO is voluntarily temporarily suspending all ICO-related functionality on the site. Once we have clarity from the relevant departments, we will begin conducting business in accordance with their specifications and policies."

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Kim Dotcom's New Platform K.im to Bring a “Copyright Revolution”

Kim Dotcom is releasing a new file sharing service called K.im. The platform is still in close demo. However, unlike Megaupload, K.im won’t use a central hosting service. Instead, all files will be hosted in a decentralized cloud-based hosting system.

The services won’t be free. Uploaders will have an opportunity to set a price for the files, and people will have to pay in order to download them. All content is encrypted and cannot be unlocked unless a payment is made through Bitcache. In a recent interview for TorrentFreak, Kim stated:

“I'm working for both sides. For the copyright holders and also for the people who what to pay for content but have been geo-blocked and then are forced to download for free.”

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Moscow Exchange: No Plans to Launch Bitcoin Trading

A representative for Moscow Exchange said that reports about the firm being on the cusp of launching cryptocurrency trading are inaccurate. They were prompted by the comments of Alexey Moiseev, Russia's deputy finance minister, who earlier this week opined that cryptocurrency trading in the country should be limited to certain investors who participate through regulated exchanges. The Exchange representative said:

"Deputy Finance Minister Alexey Moiseev indeed proposed allowing trading of cryptocurrencies, but only by qualified investors and on a regulated platform"

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MTX added to Upcoming ICO list