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G7 finance chiefs met this week and Facebook’s Libra cryptocurrency was high on their agenda. They agreed on several crypto initiatives and fast regulatory responses to projects such as Libra, calling for them to meet the highest standards of financial regulation.
Also read: G20 Leaders Issue Declaration on Crypto Assets – A Look at Their Commitments
Bitcoin’s (BTC) surge in price over the past few weeks has caught the attention of both hardcore cryptocurrency enthusiasts and mainstream investors alike. While the utility of Bitcoin has certainly increased in the past year, with advancements in both the overlying infrastructure and transaction efficiency, some institutions and analysts continue to tie its intrinsic value […]
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The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $ 850 million.
What does the news mean for Bitfinex, Tether and Bitcoin?
The cryptocurrency market pulled back on Thursday as Bitcoin (BTC) dropped more than 4% to around $ 5,000 and the market lost nearly $ 20 billion in total value. While many analysts failed to predict the latest drop, often citing near-term bullish predictions of $ 6,000-$ 7,000, data provided from crypto index platform AltDex suggested the market was primed […]
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TRAPS, an adaptation of Agar.io where players control one or more cells and compete for space in a map representing a petri dish, is officially joining the TRON Arcade, TRON’s (TRX) $ 100 million blockchain gaming initiative. ‘@traps_one by LittleFox is ready to devour the competition with real-time PvP on the blockchain! Welcome to #TRONArcade. Play […]
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Messaging app company Kik says it will stand up to the SEC over an expected enforcement action relating to its 2017 initial coin offering
CoinDesk
Bitcoin price is surging above the psychological resistance of $ 4,100 in an extended buying action. The Bitcoin/Dollar rate rose to $ 4100 on Coinbase between 9-10 am UTC – a level that was breached to the downside during the December 3 trading session. The pair, around the same time, was trading at a prime rate of
The post Newsflash: Bitcoin Price Surging Beyond $ 4,100 in Extended Buying Action appeared first on CCN
Increasingly frequent action taken by the SEC against initial coin offerings is expected to lead to more cryptocurrency projects being forced to refund investors. Among those expected to be affected is the first U.S.-based cryptocurrency investment firm, Pantera Capital, with the company bracing to receive refunds on a quarter of its ICO investments.
Also Read: BTI Claims Only Two of Top 25 Crypto Exchanges Accurately Report Volume
The bitcoin price on Wednesday saw the arrival of bulls as it surged 15 percent in an impressive rebound action. The BTC/USD index opened at 3776-fiat while continuing the upside action of the previous day. It kept forming higher highs, eventually setting its daily peak at 4350-fiat as the US trading session came into play.
The post Bitcoin Price Surges 15% in Rebound Action — Has It Bottomed Already? appeared first on CCN
The Division of Securities of the U.S. state of Colorado has issued four new cease-and-desist orders to stop as many companies from promoting their tokens to residents of the state. So far, action has been taken against a total of 12 initial coin offerings by the state’s securities commissioner.
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
Colorado Securities Commissioner Gerald Rome on Thursday signed four orders “directing the cessation of unregistered securities in the state of Colorado,” the state’s Division of Securities announced. So far, the division has taken action against a total of 12 initial coin offerings (ICOs), the announcement details.
The Texas State Securities Board has issued an emergency cease and desist order to an Australia-based cryptocurrency mining company and its affiliates. According to the order, the company represents that investments in its mining contracts are “guaranteed to 200% profit.”
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
The Texas State Securities Board on Tuesday issued an emergency cease and desist order to Sydney-based Aws Mining Pty. Ltd. and nine other respondents affiliated with the company. The entities named are Automated Web Services Mining (Aws Mining), Mycoindeal, Aws Elite, and West Texas Oilfield Cloud Miners Club.
Ripple (XRP) has cleared its way against Bitcoin (BTC). The weekly chart for XRP/BTC shows that Ripple (XRP) has broken above critical EMA resistances and is now clear to take off. During Ripple (XRP)’s last cycle, we saw it forming four consecutive candles against Bitcoin (BTC) and made a new ATH. This pattern has also been repeated in the past and is very likely to be repeated again this time. If Ripple (XRP) were to form four consecutive candles this time, it is likely to break above a price of 0.00024 BTC and create a new all time high. At its current pace, Ripple (XRP) would be expected to reach that all time high around March, 2019.
Bitcoin on Sunday jumped 2.13 percent against the US Dollar as USD-pegged cryptocurrency tether (USDT) resumed its implosion. BTC/USD was in a sideways sentiment for most of the weekend trading session. The bearish trendline has capped the upside bias on multiple occasions. Nevertheless, the pair — from the past 8 hou rs to the time
The post Bitcoin Price Intraday Analysis: BTC/USD in Tether-Linked Breakout Action appeared first on CCN
The U.S. Securities and Exchange Commission (SEC) has released a report detailing actions taken against fraudulent ICOs and financial ventures, and, indeed, the year has been wrought with cases. The report details actions for 2018’s fiscal year, which ended on September 30, and offers insight into the ICO-related fraud that has seemingly come to light over the past several months.
Misconduct actions against ICOs and similar cryptocurrency ventures are led by the organization’s Cyber Unit, which became fully operational this year. The SEC explains in the report, “We believe our approach to enforcement in this space has been thoughtful and consistent. Importantly, it has provided a template for authorities in other countries, where fraud and misconduct targeting U.S. investors often have been based.”
A court in South Korea has ruled that the decision by a commercial bank to stop offering banking services to a cryptocurrency exchange was unlawful and must therefore be rescinded. According to the Central District Court’s 50th Civil Affairs Division, the move by South Korean commercial bank Nonghyup to cease offering deposit and withdrawal services
The post South Korean Court Rules Bank’s Action to End Banking Services to Crypto Exchange Illegal appeared first on CCN
The bitcoin-to-dollar exchange rate started losing its grip on the sideways action, slipping almost a percent this Friday. The pair broke below 6400-fiat, the psychological support level of the previous trend, to establish new intraday lows towards 6356-fiat. The downside action appeared after bulls began to feel weak near the giant descending trendline formation that
The post Bitcoin Price Intraday Analysis: BTC/USD in Pullback Action appeared first on CCN
According to recent court documents, an Amended Consolidated Class Action Complaint has been filed at a U.S. District Court for the Southern District of Florida against BitConnect. The new suit combines all the lawsuits previously filed against the now-defunct pyramid scheme.
The new class action names the law firm Silver Miller as the “Class Counsel” and BitConnect owners and promoters as defendants in the suit. Silver Miller has become famous for its efforts in handling cryptocurrency-related cases, representing aggrieved clients who have lost funds to crypto businesses and going head-to-head against companies such as Coinbase, Kraken, BitConnect and Tezos.
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.
The Bitcoin’s sideways action is gaining strength in what has so far been a quiet month. However, the digital currency, unlike its mainstream cousins, is displaying adequate volatility for day traders to enter and exit positions on attractive intraday profits. The focus remains firmly on the Securities and Exchange Commission’s take on the nine Bitcoin
The post Bitcoin Price Technical Analysis: BTC/USD Extends Consolidation Action appeared first on CCN
Bitcoin on Wednesday depreciated more than 3.5 percent from its yesterday’s high near $ 6,659. The BTC/USD has been under a bearish impression since September 28 but has found strong support near 6500-fiat. The downtrend today also tested the level, broke below it only to see an influx of long positions around it. The minor upside
The post Bitcoin Price Intraday Analysis: BTC/USD Towards Breakdown Action appeared first on CCN
