Still trading in a narrow range against the dollar, bitcoin is looking strong against ether and could soon pick up the altcoin bid.
CoinDesk
Washington Fights Against Crypto Mining
A small town in the capital of the United States called Ephrata is fighting back against the world of cryptocurrencies and has stopped all activity related to it.
The council in the town recently voted to halt all-digital currency mining operation in the town for the next year. The choice isn’t as surprising as you think when you look at other communities in the capital of Washington have been making similar ‘progress’.
Washington Town Ephrata Pushing Back Against Cryptocurrency Mining
The small Washington community of Ephrata is just the latest in a growing number of communities inside of Grant County moving to halt crypto activity.
When the city council of Ephrata, Washington, recently voted to halt new cryptocurrency-related mining operations in the town for the next year. The choice they made is becoming increasingly popular among Washington’s smaller towns and communities.
The Spokesman-Review reported on an Ephrata city council vote to step back in order to make sure the activity of cryptocurrency miners and their affiliated operations are a positive fit for the city’s residents.
Class Action Suits Launched Against Cryptocurrency Mining Investment Company
The law offices of Pomerantz LLP in New York have filed a series of civil suits against MGT Capital Investment and its executive officers on behalf of several of the trading firm’s past or present customers. The suits allege that between October 9, 2015 and September 7, 2018, the company violated laws set forth by the Securities Exchange Act of 1934 that resulted in damages to several of its clients.
Court Refuses to Drop Money Laundering Charge Against UBS, $5.8 Billion Fine Looms
A French court has reportedly rejected a request by the largest Swiss bank to drop money laundering charge against it. UBS Group and a number of its executives are accused of tax fraud and money laundering. If found guilty, the bank could be fined up to 5 billion euros or $ 5.8 billion. Its executives could also face jail time.
Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals
UBS Wants Money Laundering Charge Dropped
The tax fraud and money laundering trial in France of UBS Group AG and its executives began last week after seven years of investigation.
Scam Victim Loses $48,000 Claim Against Canadian Bitcoin ATM Firm
A woman suing for 62,500 Canadian dollars ($ 48,125) sent to a phone scammer over a bitcoin ATM has lost her court case, local media reported. On Friday, Charlottetown Provincial Court chief judge Nancy Orr ruled that the fiat money deposited by the woman into the teller machine belonged to Instacoin ATM Canada Inc., owners of the digital cash dispensing unit.
Also read: Funny New Advert Shows Bitcoin Is on Google’s Mind
‘Unfortunate Victim of Sophisticated Fraud’
“It’s most unfortunate that she was victim of such a sophisticated fraud,” judge Orr is quoted as saying, when she handed down her decision. However, she added that “It’s up to the bitcoin purchaser to know what they’re doing.”
TRON Still Best Performer Against BTC, XRP & ETH
In recent months, TRON has seen some slight upward movement and currently sits at number eleven on the top 100 cryptocurrencies on CoinMarketCap.
September is where TRON really found its legs as it was listed on the Crypto Exchange Platform. Being listed here means that users on the platform will be able to buy TRX in exchange for dollars via their own credit cards.
This impact has put TRON on a higher level of usage and an attraction of investors and digital currency fanatics who are looking for the next big thing in the crypto space. Despite TRON being priced at under $ 1, a recent report by Investingpr.com can see the coin jumping above the $ 1 mark within the next five years.
The SEC Sets Deadline to File Comments for or Against Bitcoin ETF Applications
The U.S. Securities Exchange Commission (SEC) is getting ready to review its decisions regarding Bitcoin ETF applications. With this in mind, the SEC is inviting parties or persons to file public statements in support of, or in opposition to, Bitcoin ETFs. This review could affect nine Bitcoin ETF applications.
The SEC Gets Ready to Review its Decisions on Bitcoin ETFs
The SEC has set October 26th, 2018, as the deadline for the reception of public comments about the rule change petition to list and trade shares of GraniteShares Bitcoin ETF, and the GraniteShares Short Bitcoin ETF.
Reddit User Will Livestream 51% Attack Against Einsteinium on Twitch
In the world of cryptocurrencies, there is a major threat known as the 51% attack. Numerous currencies have suffered from such attacks, and the year 2018 has been no different in this regard. It now seems one particular user is intent on attacking Einsteinium next week. The event will be broadcasted on Twitch, which raises a lot of questions.
Openly Promoting 51% Attacks
For smaller-cap cryptocurrencies, it is evident there are numerous threats to contend with. A lack of overall interest will usually cause the coin’s price to fluctuate significantly. Low trading volumes often lead to pump-and-dump cycles, which have become somewhat less prevalent in the cryptocurrency over the past few years.
Crypto Exchange Bitfinex Fires Back Against Insolvency Allegations
Hong Kong-based crypto exchange Bitfinex began facing allegations of insolvency following last week’s news that Noble Bank International, the Puerto Rican financial services firm, lost the exchange as a client. More questions were then raised after crypto analyst Larry Cermak discovered that the exchange is now banking with HSBC through a private account of Global […]
SludgeFeed
Why Bitcoin (BTC) Is The Perfect Hedge Against The Next Crisis
Chart for BTC/USD (4H)
The next financial crisis will not come from a known unknown. Veteran investors on Wall Street are convinced of that. Before the last crisis, there were investors who could see the events leading to a financial crisis. They hedged against it and some even made a lot of money off it. Today, we are at a similar point. However, the difference is that the known unknown is not known to us.
Continue reading Why Bitcoin (BTC) Is The Perfect Hedge Against The Next Crisis at Crypto Daily™.
Are The Odds Against Bitcoin (BTC)?
Are the odds against Bitcoin (BTC)? In the short term, yes, the odds are against Bitcoin (BTC). The above daily chart for BTC/USD shows Bitcoin (BTC) trading in a symmetrical triangle. As can be seen very clearly, the price was falling before August 14 when it entered the symmetrical triangle. This means that the price is likely to keep falling after exiting the symmetrical triangle. Technical indicators are also against Bitcoin (BTC). Wave trend analysis points to further downside in the days ahead.
Continue reading Are The Odds Against Bitcoin (BTC)? at Crypto Daily™.
Chrome Extensions Will Soon Protect Against Miners and Hackers
Google has announced a number of upcoming changes concerning the development of new extensions for Chrome. Users of the web browser will soon benefit from improved security and better protection against malware including hidden miners and tools used to steal cryptocurrency.
Also read: A Guide to Building Your Own Crypto Mining Rig
Google Introduces Changes to Make Chrome Extensions Safer
Recognizing how important it is for users to be able to trust that the extensions they install are not only performing well but also safe and preserving their privacy, Google has recently taken steps to improve the detection of malicious add-ons to its popular browser using machine learning techniques. Now the company has announced new changes intended to make all Chrome extensions trustworthy by default which means, among other things, successfully preventing cryptojacking and hidden mining.
Monero Volunteers Fight Back Against PC Mining Hijackers
The Monero (XMR) community has launched the Malware Response Workgroup website that aims to inform people about the dangers of cryptocurrency mining malware, as well as, best practices to remove such scripts and avoid the growing scam in the first place. The group of volunteers will publish information that will help users avoid crypto-jacking, as well as, provide live support.
“We will not be able to eliminate malicious mining, but we hope to provide necessary education for people to better understand Monero, what mining is, and how to remove malware,” according to Sept.
North Dakota Issues Orders Against Bitconnect, Magma, Pension Rewards
The securities department of the US state of North Dakota has issued orders against three companies promoting initial coin offerings in the state. They are Bitconnect, Magma Foundation, and Pension Rewards. The investigations are part of Operation Cryptosweep which involves over 40 US and Canadian securities regulators.
Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals
North Dakota’s Cease and Desist Orders
North Dakota Securities Commissioner Karen Tyler issued cease and desist orders Wednesday against three companies “promoting unregistered and potentially fraudulent securities in North Dakota in the form of initial coin offerings (ICOs),” the state’s securities department announced. The department wrote:
New Zealand Police Issues Public Alert Against Bitcoin Investment Scam
New Zealand’s police department has urged the public to be vigilant of online investment schemes offering heightened returns with investments in cryptocurrencies like bitcoin. Police in the region of Canterbury in New Zealand issued a public alert on the department’s website on Wednesday, reminding residents to be wary of crypto-investment schemes after an incident wherein
The post New Zealand Police Issues Public Alert Against Bitcoin Investment Scam appeared first on CCN
Cryptocurrency Wallet Blockchain Files Complaint Against Copycat Website
Cryptocurrency web wallet provider Blockchain has filed a complaint in a U.S. federal court alleging attempted deception by a copycat website. In a blogpost, Blockchain — whose website is hosted at blockchain.com — identifies the platform, blockchain.io, as a deliberate impostor that is attempting to rebrand itself in order to continue in its usual insincere … Continued
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SEC Director Vows ‘More Substantial’ Enforcement Against Illegal ICOs
U.S. Securities and Exchange Commission (SEC) co-director of enforcement Stephanie Avakian mentioned in a Sept. 20 speech that the regulatory agency is most likely going to recommend “more substantial remedies” against those who fail to follow proper initial coin offering (ICO) registration requirements in the future According to a transcript of the speech posted on … Continued
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Charlie Lee Defends Litecoin Against ‘FUD’ from Short-Sellers
Litecoin creator Charlie Lee is striking back at what he calls a “concerted effort to suppress” the LTC price on the party of bearish traders and hedge funds who are attempting to short the coin. Writing in a thread posted on Twitter, Lee — who created LTC in 2011 and now develops it full-time —
The post Charlie Lee Defends Litecoin Against ‘FUD’ from Short-Sellers appeared first on CCN
Cardano (ADA) Makes A Bullish Comeback As Price Finds Bottom Against Bitcoin (BTC)
Cardano (ADA) has finally touched the bottom of the pitchfork formation it has been trading in. The above chart for ADA/BTC on the daily time frame proves that sometimes it is best to let the market run its course rather than to enter a position and wish for a miracle to happen. When Cardano (ADA) entered the last segment of the pitchfork formation against Bitcoin (BTC), few analysts might have expected it to fall all the way to the bottom because that would have meant a break of market structure for Cardano (ADA) against the US Dollar (USD).
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