Day: October 12, 2019

Crypto and Blockchain News From Brazil: Oct. 6-12 in Review

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The story of Brazil’s crypto scams took a new twist over the past week as CEO of an alleged pyramid scheme reportedly fled the country after rejecting court deadlines. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph Brasil. Banco Original sponsors a crypto-related event Brazil’s Banco Original was the principal sponsor of the Expo Boa Chance, a major fintech conference bringing together financial institutions, multilevel marketing and cryptocurrency-related firms, Cointelegraph Brasil reported on Oct. 6. Held at Expo Dom Pedro in…

Crypto News From the Spanish-Speaking World: Oct. 6–12 in Review

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The Spanish-speaking world has seen major cryptocurrency and blockchain developments with central bank representatives from all around the world meeting in Argentina, Spain developing various initiatives and projects based on blockchain and the Japan-based crypto exchange Bitpoint offering its services in Guatemala. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph en Español. Spain: The Royal Mint chooses PwC to develop blockchain projects Cointelegraph en Español reported on Oct. 10 that the Spanish National Mint and Doorbell factory, Real Casa de la…

Analysts Expect Altcoins to Outperform as Bitcoin Price Stagnates

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Around three weeks back, altcoins suddenly started to rip higher; Ethereum gained 10% in a single day, Litecoin rocketed up by 8%, XRP gained some 20-30% in three days’ time, and so on and so forth. But since then, this odd trend in the crypto market, which has been dominated by Bitcoin for the better part of a year now (and especially since the start of 2019), has paused. After hitting 69%, Bitcoin dominance has been relatively flat, leading some to suggest that it is BTC’s time to shine once…

6 Monitoring Websites That Help Track Bitcoin Cash Data

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When it comes to cryptocurrency networks and markets, there’s a lot to keep track of. Thankfully there’s also now a bunch of dedicated bitcoin cash (BCH) data websites that provide easy to comprehend visual representations of network statistics and market indicators. Also read: Slovenia Has the Most BCH-Accepting Physical Locations Worldwide Monitoring BCH Network Statistics and Market Indicators In the early days, it was much harder to find reliable data platforms in order to observe market action and network metrics. Today, however, there are numerous digital currency data sites including…

US SEC Halts TON Launch Over $1.7B ICO — Highest-Level Action Yet?

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Late friday, the United States Securities and Exchange Commission (SEC) announced that it is suing two offshore entities, Telegram and its wholly owned subsidiary, TON Issuer, for holding an unregistered token sale. According to the complaint filed in the federal district court in Manhattan on the same day, Telegram sold approximately 2.9 billion crypto tokens, called Grams (GRM) to 171 buyers for a total of $1.7 billion. Around a quarter of that sum, $424.5 million, allegedly belonged to 31 purchasers based in the U.S.  As a result, the SEC has…

Telegram’s TON Board ‘Takes a Break,’ Removes All History From Channel

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Following a recent red flag from United States. regulators, a private Telegram channel for Telegram Open Network (TON) is taking a break. Temporary halt for more clarity On Oct. 12, TON Board channel on Telegram announced a temporary halt of work due to the increased level of regulatory uncertainty. TON Board has also deleted all previous posts on its Telegram channel, making the latest announcement the sole post on the channel at press time. As noted in the channel description, TON Board is a private channel created by investors and…

Crypto Markets Trade Sideways After SEC Rejects TON

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Saturday, Oct. 12 — following a minor price rally earlier this week, crypto markets are trading sideways as the top-20 coins by market cap report mixed signals. At press time, 8 out of the top 20 cryptocurrencies are seeing gains, with Binance Coin (BNB) surging nearly 2.8%. Chainlink (LINK) is seeing the biggest losses among the top 20, down more than 6.1%. Market visualization. Source: Coin360 Bitcoin hovers around $8,300 level After hitting $8,800 on Oct. 11, Bitcoin (BTC) has been hovering around $8,300 threshold for the most part of…

Oct. 6 – 12 in Review

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The German-speaking world has experienced another week full of exciting developments in the crypto industry, with Germany investigating the feasibility of a blockchain-based regional power trading platform, Iota Foundation joining forces with Zühlke to solve engineering problems and the German Central Bank saying that there is no need for a digital euro coin. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph auf Deutsch. Germany promotes research on a regional blockchain power exchange Cointelegraph auf Deutsch reported on Oct. 9, that the…

How REN/BTC Double Bottom Made Me 49% Profit

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In this third installment of my Bitcoin Price Diary, I’ll revisit some open positions which are still in play and review a sizable trade on REN. I also have a position in Bitcoin (BTC) that is still largely open.  As I have said a number of times on Twitter, I believe that it has been an altcoin season for months and that altcoins found their local bottoms in August. I have been comfortably trading them since. In early October, Bitcoin dropped and was ranging sideways, giving altcoins even more room…

Pushing for Crypto Self-Regulation Amid Tightening Government Scrutiny

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Self-regulation is once again a trending topic in the cryptocurrency landscape as major exchange platforms have announced the creation of self-regulated organizations (SROs) to achieve some standardization in digital currency governance. Government regulators across various jurisdictions continue to exert greater regulatory pressure on their local cryptocurrency industries. Even inter-governmental agencies like the Financial Action Task Force have in recent times put crypto governance at the forefront of their regulatory ambit. For digital currency stakeholders, many of these regulatory measures can negatively impact innovation in the industry. Some even warn that harsher laws…