Crypto Ups and Downs on 5 - 12 Feb

In this article we present the overview of the gainers and downers among cryptocurrencies with the highest market capitalization during the week from Feb 5 to Feb 12
13 February 2018   333

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.

In comparison with the previous week charts, when cryptocurrencies were mostly decreasing, this week was rather successful for coins and tokens in terms of price. The biggest gainer of Feb 5 - Feb 12 week is Revain token, which increased 153,05%, having grown from $1,36 on February 5 to $2,54 on February 12.

As for the coin with the greatest market capitalization, which rose significantly, this week is represented by Lisk cryptocurrency, which increased from $14,89 to $25,28 within 7 days, with its market cap rising from $1,7 billion to $2,9 billion during the same amount of time.

The Biggest Gainers

Name Market
  Cap
Price 
in $
Volume
 (24h)
Change %
(7 days)
Lisk 3 203 515 213 27,14 57 641 800 + 98.51
Ethereum Classic 2 957 854 243 29,63 672 762 000 + 93.25
Revain 580 039 915 3,14  26 683 900 + 153.05
ZClassic 402 497 195 121,85 10 925 800 + 89.96
Enigma 224 350 609 3,00 13 092 800  + 89.03

Nevertheless, past week was not so fortunate for some of cryptocurrencies. A lot of coins and tokens fell down in price and market capitalization, but did not decrease a lot, most of the cryptocoins lost less than 10%.

The Greatest Downers

Name Market
  Cap
Price 
in $
Volume
 (24h)
Change %
(7 days)
Populous 1 007 623 353 27,23 14 226 700 - 5.77
SmartCash 170 180 818 0,244776 310 954 - 4.17
Lykke 42 578 721 0,156602 73 457 - 4.91
Delphy 38 335 880 1,26 1 544 820 - 2.20
bitCNY 35 002 254 0,163426 40 363 500 - 8.18

The greatest downer of this week is bitCNY, which fell 8,18%, having its market capitalization decreased from $46 million to $34,9 million only within 7 days. Moreover, Populous, the token which has a huge market cap of more than $1 billion, has also had a relatively unsuccessful week. Populous fell 5,77%, having its price dropped from $45,7 to $24,07 from February 5 to February 12.

BTC Seller Arrested by US Federal Authorities

Morgan Rockcoons is accused of laundering monetary instruments and the operation of an unlicensed money transmitting business
21 February 2018   53

A US resident was arrested by the Bureau for the Control and Enforcement of Immigration and Customs Law on February 9 after he sold the bitcoins to the agent under cover. This is reported by Bitcoin.com.

According to documents in the case filed by the Southern District Court of California, Morgan Rockcoons (also Morgan Rockwell) is accused of laundering money and servicing cash transfer operations without a license. The government intends to confiscate all assets belonging to it, relevant to the case.

Arrest Document
Arrest Document

In the episode of money laundering, the defendant is accused of deliberately transferring a financial transaction to a representative of law enforcement agencies in order to obtain income from certain unlawful activities. In 2016, Rockoons traded 9,998 BTC, at that time valued at $ 9,208, for $ 14,500 in fiat, which was handed to him by an undercover agent, saying that the money was received from the production and sale of TGC oil (tetrahydrocannabinol-containing oil). TGC is the main active ingredient of cannabis.

As for the charge for servicing money transfer operations without a license, it is less specific, since it is subject to the majority of US citizens who sell large amounts of crypto currency, without the appropriate license. In one of the previous cases of this kind, law enforcement authorities stated that any transaction over $ 3,000 must be made in accordance with all requirements for customer identification.