Italian Watchdog to Ban Crypto Project

Avacrypto is suspected to offer its services to the Italian people without the proper authorization, including website operations
25 December 2018   444

Italian National Commission for Companies and the Stock Exchange issued a cease and desist order to Avacrypto company. This is reported by Cointelegraph that refers to official statement.

Avacrypto is suspected to offer its services to the Italian people without the proper authorization, including operating through the website. At the moment of press, Avacrypto website is unavailable.

As reported, earlier this month, the CONSOB banned two other projects for a 90-day period for allegedly offering scammy cryptocurrency investment schemes. Both firms called Bitsurge Token and Green Energy Certificates  are allegedly scam projects from Avalon Life, a company that is not based in the European Union (EU).

South Koreans to Invest in Crypto Actively

In addition to the investment amounts, the share of those interested in investing in digital assets also increased
22 April 2019   81

The average amount of investments in cryptocurrency from South Korean invesetprs is $ 6,100, which is 64% more than last year, Cointelegraph reports.

According to a survey conducted by the Korean Fund for the Protection of Portfolio Investors, in addition to the investment amounts, the percentage of those interested in investing in digital assets also increased. Thus, 7.4% of the 2500 respondents have already acquired cryptocurrency (last year there were 6.4% of those). It is noteworthy that this figure has increased, despite several major break-ins of the South Korean crypto exchange, as well as tougher regulation of the industry.

Analysts connect the market with a recent bitcoin price jump and hope for a new bull rally.

Recall recently it became known that 94% of trust capital funds invest in cryptocurrency.