Written by Kyle Protho

Data Analyst at ICO Alert. Intelligence analyst by trade. Passionate about blockchain technologies.
February 5 2018

ICO Alert Crypto Minute: February 5, 2018

ICO Alert Crypto Minute: February 5, 2018

ICO Alert does not provide investment, financial, or legal advice. This site cannot substitute for professional advice and independent factual verification. ICO Alert does not endorse any initial coin offerings advertised on this site but does receive compensation for advertising certain offerings. The content provided or linked on this site is for informational purposes only. Please click here for additional important information.


Data pulled from CoinMarketCap.com at 8:16AM EST.
Data pulled from CoinMarketCap.com at 8:16AM EST.
Data pulled from CoinMarketCap.com at 8:16AM EST.
See a complete list of Pre-ICOs and ICOs at ICOAlert.com.

Bittrex will enable USD trading to the majority of its customers. Image by PKpix.

Bittrex to Enable USD Trading

In a recent podcast interview, Bill Shihara, the CEO of Bittrex, confirmed that the exchange will enable USD trading to the majority of its customers. According to the Coin Telegraph, Bittrex will comply with all of their KYC and AML legal obligations, and users will have to go through several verifications. The CEO went on to suggest that Bittrex is not designed for the retail customer, but more experienced or institutional traders instead.

JP Morgan Chase and Citigroup Join Bank of America, Capital Once, and Discover in Banning Cryptocurrency Purchases with Credit Cards

JP Morgan Chase and Citigroup have joined Bank of America in banning credit cards transactions intended to purchase digital currency. According to The Verge, Capital One and Discover previously announced bans on cryptocurrency purchases on their credit cards as well. All of these banks cited concerned over their ability to monitor money laundering activity once fiat is converted to cryptocurrency.

Researchers Suggests New BlockDAG Network Structure to Compete Against Blockchain

PhD candidate Yonatan Sompolinsky and Dr. Aviv Zohar have released a paper this week on a new, scalable BlockDAG, called PHANTOM. According to the Coin Telegram, PHANTOM will “create a more linear block structure by distinguish[ing] between blocks mined properly by honest nodes and those mined by non-cooperating nodes that deviated from the DAG mining protocol.’” The architects claim PHANTOM is a more viable network structure to Blockchain.

Popular Chinese Search Engines and Social Media Platform Appear to Hide Sponsored Content Relating to Cryptocurrencies and ICOs

The most popular Chinese search engines and social media platforms appear to no longer display sponsored posts and paid advertisements that involve keywords such as ‘bitcoin’, ‘cryptocurrency’, and ‘ICO.’ As reported by Bitcoin.com, only journalistic content appears on the most popular Chinese search platforms — such as Baidu and Weibo. While Weibo has confirmed it does not allow advertising relating to cryptocurrencies, Baidu has yet to comment on its advertising policies.


Have a major development in mind or an opinion on a story listed above? Please submit your comments below to get the conversation started.

Follow ICO Alert on LinkedIn, Twitter, and Facebook.

Topics: Blockchain, Cryptocurrency, Crypto Minute, Banking, China