Day: November 19, 2019

Ethereum (ETH) Breaks Key Support, Trend Turns Super Bearish

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Ethereum price is declining below the key $180 support against the US Dollar. Bitcoin price is down more than 2% and it also broke the $8,200 support area. Yesterday’s bearish trend lines are intact with resistance near $185 on the hourly chart of ETH/USD (data feed via Kraken). The price is currently flirting with the $178 support and it is likely to continue lower. Ethereum price is breaking down versus the US Dollar, similar to bitcoin. ETH price is likely to accelerate its decline towards the $170 and $166 support…

Tassat and Blockfills Launch Trade at Settlement Product for Bitcoin

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New York-based fintech provider Tassat is partnering with digital asset market maker Blockfills to launch an institutional Trade at Settlement (TAS) product for spot Bitcoin (XBT/USD). According to a Nov. 18 report by Hedgeweek, Blockfills — which specializes in digital asset electronic market making, trading and prime brokerage — will join forces with Tassat, formerly known as trueDigital to launch the product by mid-December. New products for crypto traders to hedge risk TAS is a specific type of electronic order book that enables buyers and sellers to trade at —…

Longhash Blockchain Researchers Dispute 2017 ‘Single Whale’ Theory

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Blockchain education platform Longhash has released research that it claims debunks the recent single-whale theory of the 2017 Bitcoin (BTC) bull run. On Nov. 18, researchers at crypto analytics firm Longhash announced that they have calculated a metric called “Tether Purchasing Power,” which shows more insight into the question of whether Tether (USDT) was used to manipulate the cryptocurrency markets. Tether’s ability to manipulate the markets is when BTC’s price falls According to Longhash, the metric measures how much BTC could be bought with the entire Tether supply at any…

US ICO Scammer Sentenced to 18 Months In Jail

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Maksim Zaslavskiy, a computer programmer from Brooklyn and the first person in the United States to be convicted of running a fraudulent initial coin offering (ICO) has been sentenced to a year and a half behind bars. As Law360 reported on Nov. 18, the Brooklyn businessman received a prison sentence of 18 months for running two scam ICO’s, both of which were advertised as being backed by collateral — diamonds and real estate, respectively — that did not exist. Zaslavskiy pleaded guilty in November 2018 to conspiracy to commit securities…

US SEC Takes Another Look at Rejected Bitwise Bitcoin ETF Proposal

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The United States Securities and Exchange Commission (SEC) is reviewing its decision to reject the Bitcoin (BTC) exchange-traded fund (ETF) filing from Bitwise Asset Management and NYSE Arca. Taking a second look In an announcement on Nov. 18, the commission said that the ETF filing from Bitwise Asset Management and NYSE Arca will return to review, following the earlier rejection for not meeting the necessary requirements. In October the U.S. regulators said that the applicants did not meet the necessary requirements regarding possible market manipulation and illicit activities. The SEC…