Crypto Ups and Downs on 20 - 26 Mar

In this article we present the overview of the gainers and downers among cryptocurrencies with the highest market capitalization during the week on March 20 - 26 of 2018
26 March 2018   785

From this article you will learn about the most unpredictable ups and downs of cryptocurrencies. We have analyzed the crypto market, and researched the most popular tokens and coins with market capitalization over $1M. In the charts below you can find all relevant information regarding the leaders of growth and fall during past 7 days.

This week the list of cryptocurrencies looks much better than last week, as the coins are rising notably. Some of the coins managed to even double in price, for instance Storm, which rose 147.38% within past 7 days. Veritaseum is also rising, it increased 77.24%, having its market capitalization grown from $217 million on March 20 to $381 million on March 26. ICON, Loopring and IOStoken also had a pretty successful week as they all rose more than 50%.

The Biggest Gainers

Name Market
  Cap
Price 
in $
Volume
 (24h)
Change %
(7 days)
ICON 1 252 086 385 3,24  96 678 300 + 55.37
Veritaseum 381 995 255  187,56 560 958 + 77.24
Loopring 259 214 758 0,453114 3 559 270 + 56.05
IOStoken 220 183 320 0,026212 72 934 200 + 55.45
Storm 191 302 305 0,046786 336 633 000 + 147.38

However, past week was not so fortunate for some of the cryptocurrencies. A lot of coins and tokens fell down in price and market capitalization, losing popularity among the users.

The Greatest Downers

Name Market
  Cap
Price 
in $
Volume
 (24h)
Change %
(7 days)
Electroneum 178 009 156 0,027255 1 398 99 - 18.53
SmartCash 93 346 529 0,112884 94 943 - 28.35
LeadCoin 18 392 523 0,023448 4 892 020 - 67.18
Storiqa 18 283 013 0,002354 112 282 - 32.28
ZClassic 16 399 212 4,56 438 731 - 25.39

The greatest downer of this week is LeadCoin, which has shown a downwards trend of 67.18%. Storiqa fell 32.28%, having its price decreased from $0,003 to $0,002 within past 7 days. Moreover, SmartCash has also had a rather unsuccessful week, as it fell 28.35%, having its price drop from $0,15 to $0,10 from March 20 to 26. The market capitalization of ZClassic dropped from $22 to $16 million, while the market capitalization of Electroneum fell down from $229 million to $177 million.

Crypto Billionaire to Lost 5.5k BTC Due to Fraud

Thai scammers convinced 22 yo Finnish crypto billionaire to invest in their 'investment' scheme
13 August 2018   291

The 22-year-old cryptocurrency millionaire lost more than 5,500 bitcoins after taking part in the investment scheme in Thailand. The case attracted public attention because of the possible participation of a Thai actor. This is reported by Bangkok Post.

A group of scammers in June 2017 persuaded Finnish businessman Aarni Otawa Saarimaa to invest in several Thai securities, a casino in Macau and a crypto currency called Dragon Coin.

Scammers claimed that Dragon Coin could be used in Macau casinos. In addition, they brought Saarimaa to this casino to demonstrate the legitimacy of their project. Saarimaa transferred 5 564 BTC to fraudsters.

In January, without receiving any income for his investments, Saarimaa filed a complaint with the Crime Suppression Division's (CSD), along with his local business partner, who believed that this investment scheme was fraudulent.

CSD began to investigate the case and stated that the group made no investment for Saarimaa, instead transferring all the bitcoins to Thai baht and placing these funds on seven bank accounts.

Although it is not clear when exactly the scammers sold the bitcoins, CSD announced that they raised about 800 million baht or about 24 million dollars.

Then followed a months-long investigation, according to which CSD began to suspect that the Thai film actor Jiratkisit "Boom" Jaravijit also took part in the fraudulent scheme - he was arrested last Wednesday.

In addition, the CSD stated that it suspects the actor's brother, Princess Jaravijit, as the "instigator" of this entire scheme. He left Thailand, traveling to South Korea, and then to the United States. According to the Bangkok Post, CSD is currently working with the US to track him down.