Day: November 12, 2018

Colorado Regulators Crack Down on Four More ICOs

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Colorado regulators took action against four ICOs Thursday, bringing the state’s total number of cease-and-desist orders against crypto startups to 12. The state’s “ICO Task Force” rebuked Bitcoin Investments, Ltd, PinkDate, Prisma and Clear Shop Vision Ltd. Where the companies are based is unclear, a spokeswoman for Colorado’s Division of Securities told CoinDesk, though the unregistered securities they promoted were available to Colorado residents. Colorado Securities Commissioner Gerald Rome told CoinDesk: “We want to ensure that the state’s securities market and the investors that operate within it are protected from unscrupulous actors…

Sexual Assault Survivor Uses Crypto to Crowdfund Anonymously

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A new use case is emerging for cryptocurrency: helping women who’ve suffered sexual harassment or assault gain financial independence while also protecting their privacy. Case in point, a sexual assault survivor used the crypto-powered payment processor Seeds to crowdfund $500 in September after the trauma left her unable to work for several months. Had she used a traditional crowdfunding site like Kickstarter or GoFundMe, the survivor would have had to provide a government-issued ID and bank account, which someone working at the platform might have connected with her story. Instead,…

Why Traders Should Chart the Entire Crypto Market Cap

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Market capitalization gets a lot flack for being a poor metric to measure the value of a cryptocurrency – and perhaps rightly so – but that shouldn’t stop traders from using it as a tool to generate a market bias. To summarize: the market capitalization of a cryptocurrency is a function of market price multiplied by the circulating supply, so its fluctuating value ends up visually mimicking that of price action when plotted on a price chart. And if it mimics price action, then technical analysis – the study of…

BTC/USD Increasing Demand ahead of BCH Hard Fork

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Aside from regulatory involvement, uncertainty in other blockchains often draws demand for Bitcoin as a store of value. It did happen before and three days before Bitcoin Cash software upgrade, capital could flow into Bitcoin lifting prices above $6,600 igniting short term bulls aiming for $7,200. Latest Bitcoin News Still, Bitcoin Cash is one of the most fluid and valuable coin in the space. Though hash rates and decentralization levels pale in comparison with those of Bitcoin, it is still important to track its development. On Nov 15, a software…

Millennials don’t give away their cryptocurrency

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Millennials have their own thoughts on investing, and a large part of the cohort are still interested in bitcoin. These young people, many of whom have soured on conventional investing, are becoming increasingly interested in cryptocurrency, according to a new study. About 25 percent of those recently surveyed said they are using or holding cryptocurrency, which was born about a decade ago. And another 30 percent of millennials said that they want to investigate it further. “Anyone that has crypto tells me they wish they bought it sooner,” according to…

XLM/USD, ADA/USD Gains Setting Pace for Inevitable Altcoin Price Recovery

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Even with ball park +75 percent losses from 2017 highs, the altcoin market is ripe for a reversal as XLM/USD and ADA/USD reject lower lows. Meanwhile, EOS/USD and LTC/USD are near important support levels and today could determine short term price trajectory. Let’s have a look at these charts: EOS/USD Price Analysis Back to back losses mean none of our trade conditions are live. However, a glance at the chart indicate that sellers are in charge and could drive prices below $5 triggering aggressive sellers into action aiming at $4.…