Crypto Ups and Downs on 27 Mar - 2 Apr

In this article we present the overview of the gainers and downers among cryptocurrencies with the highest market capitalization during the week on March 27 - April 2 of 2018
02 April 2018   614

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.

We can fairly say that this week was much more successful for cryptocurrencies than the previous one as our charts show that there was plenty of coins which almost doubled in price. As for the digital coins with high market capitalization, XPA is the leader of our charts this week as it rose 341.57% within past 7 days. Mithril was also incredibly successful, it increased 173.44%, having its market capitalization grown from $56 million on March 27 to $125 million on April 2. Bytom and Ontology have also had a pretty nice week as they rose more than 20%.

The Biggest Gainers

Name Market
  Cap
Price 
in $
Volume
 (24h)
Change %
(7 days)
Verge 663 543 554 0,044881 87 988 800 + 11.42
Ontology 495 497 258  2,05 37 346 200  + 25.04
Bytom 464 344 020 0,470460 25 561 000 + 21.80
XPA 327 017 000 0,327017 189 558  + 341.57
Mithril 124 080 221 0,413420 9 555 160 + 173.44

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)
Ethos 147 780 461 1,94 3 205 760 - 39.99
Storm 121 860 905 0,029803 76 968 100 - 40.05
Request Network 98 080 502 0,147943 3 054 670  - 39.14
Pura 37 139 689 0,214314 272 939 - 42.00
Crypterium 36 077 124 0,462044 296 649 - 41.21

The greatest downer of this week is Pura, which has shown a downwards trend of 42%, having its price decrease from $0,35 to $0,21. Crypterium fell 41.21%, having its price decreased from $0,72 to $0,46 within past 7 days. Moreover, Ethos has also had a rather unsuccessful week, as it fell 39.99%, having its price drop from $3,07 to $1,94 from March 27 to April 2. The market capitalization of Request Network dropped from $153 to $97 million, while the market capitalization of Storm fell down from $184 million to $122 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.