Here is your dose of the daily Cryptocurrency Market Report

Ether is Crashing

Ether has risen almost 4000% since the beginning of the year and saw highs at the $400 mark on some exchanges but now, the price of Ethereum is crashing both on the USD and BTC market. Bitcoin is also falling on the USD market, however, Ethereum is seeing stronger losses with an 11.12% pulback for the last 24h, currently sitting at 0.1048 BTC. On the USD market, Ethereum has dropped 14.48% in the last 24h to $261.03, with more than a quarter of a million USD exchanged during the day.

MGT Capital Investments to Mine Ether and Ether Classic

MGT Capital Investments has recently announced a pilot program to mine Ethereum and Ethereum Classic. Through an agreement with Bit5ive LLC, MGT Capital Investments will purchase up to 60 graphics processor-based mining computers which will use high-end graphic cards and CPUs to mine both Ethereum (ETH) and Ethereum Classic (ETC). John McAfee seems to be bullish about the revenue that both these cryptocurrencies can bring the company, stating:

"We are more convinced each day of the growth and value of digital currencies, and our Company is uniquely positioned to be a leading provider of processing power to relevant blockchains. The addition of Ethereum and Ethereum Classic to our crypto mining strategies is expected to be very profitable for us."

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The FBI Received Over 2,600 Ransomware Complaints in 2016

Published yesterday, the annual review of cybersecurity threats from the law enforcement agency's Internet Crime Complaint Center (IC3) outlined a range of statistics, including the number of submissions it received regarding ransomware. According to the IC3's report, 2,673 complaints were submitted, with losses of over $2.4m reported during that period. The number represents a small fraction of the 298,728 cybercrime-related complaints that IC3 said it received overall in 2016. All told, losses in 2016 connected to these activities constituted a reported $1.3bn.

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OneCoin 'License' is a Fake, Says Vietnamese Government

The government of Vietnam is speaking out after promoters of OneCoin, the cryptocurrency Ponzi scheme, claimed it had been granted a formal a license to operate by the country's Department of Management. According to BehindMLM, which tracks multi-level marketing schemes worldwide, the government moved to issue a swift denial after receiving questions from those who ostensibly were pitched to buy OneCoin.

Specifically, the Vietnamese government said that purported licensure documents shared on social media were fakes with forged signatures. Since then, OneCoin promoters in Vietnam have moved to pull down posts about the alleged license.

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BitPay Phishing Email Discovered

The proliferation of scams in the Bitcoin and cryptocurrency world continues, even as the values show signs of stability. The most recent of which appears to be a phishing email sent under the name of bitpay.org, the payment and settlement service for cryptocurrencies. After a number of users reported the email to the company, one of the leads for BitPay released a public service announcement via Reddit, warning users. The announcement included the following statement reads:

“This is not a legitimate BitPay email and is a clear phishing attempt. If you receive this email do not open its contents and certainly do not click on any link, button, or attachment.”

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State of the Crypto

Bitcoin is down 2.82% at $2,522.85 with a volume of Ƀ 91,160.3 - $230,251,586.2 on the USD pairs.

Litecoin is down 7.93% against the dollar for the day at $39.81 and down 5.46% to Ƀ 0.01577 on volumes of Ƀ 12.2k.

Ether is down 10.37% against Bitcoin at Ƀ 0.1063 per Ether and down 12.77% against the dollar to $265.79 with average volume Ƀ 104.3k on the ETH/BTC pair.

Dash is down 5.56% at Ƀ 0.06522 with Ƀ 3.9k volume and down 9.57% against the dollar at $161.83.

Ripple is down 5.37% to Ƀ 0.0001022 with volumes of Ƀ 10.4k and down 7.87% against the dollar at $0.2551.

Zcash is down 13.39% for the day to Ƀ 0.1171 per ZEC and down 13.04% against the dollar to $299.21 with an average volume of Ƀ 5.3k for the 24 hour period.

Monero is down 4.94% against the dollar at $44.23 and down 1.41% against Bitcoin at Ƀ 0.01818 on volumes of Ƀ 2.6k.

Ether Classic is up 4.21% to Ƀ 0.007375 with volumes of Ƀ 21.5k and up 0.28% against the dollar at $18.11.

Stratis is down 8.05% to Ƀ 0.002696 on Ƀ 2.1k volume.

Waves is down 15.65% to Ƀ 0.001590 on Ƀ 1.3k volume.