Day: October 8, 2020

List of Blockchain Projects, People and ICOs the SEC Charged

boss

According to the official website of the United States Securities and Exchange Commission (SEC), “ICOs, based on specific facts, may be securities offerings, and fall under the SEC’s jurisdiction of enforcing federal securities laws.” An Initial Coin Offering (ICO), which is the cryptocurrency industry’s equivalent to an Initial Public Offering (IPO), acts as a way to raise funds through the sale of tokens. The SEC has been consistent in its judgement that ICO’s are a type of securities offerings. The SEC states that any ICO needs to registered with the regulator. The…

US Congress’ Attack on Amazon, Google, Apple and Facebook Continues, Can Blockchain Benefit?

boss

As the antitrust hearing with tech giants Amazon, Apple, Facebook, and Google (Alphabet) continues, the question of whether decentralization will subsequently rise as a result of the legal tech-policy hearing has been brought up. Why Amazon, Apple, Google, and Facebook are subject to Congress’ grilling This week, the Antitrust Subcommittee has released a legal report that involved the Big Tech – Amazon, Apple, Google, and Facebook. US Congressmen have been grilling the tech giants for quite some time, as the tech industry continues to undergo extensive digital transformation. US Congress…

Arthur Hayes Steps Down as BitMEX CEO Following Charges

boss

100x Group COO Vivien Khoo will serve as BitMEX interim CEO. Ben Radclyffe, BitMEX Commercial Director, will have more responsibilities for client relationship handling and oversight of financial products.  Last week, the U.S. government charged the leaders of the crypto exchange and derivative trading platform BitMEX. According to the legal filing, the executives have failed to stop money laundering and operated an unregistered trading platform illegally. Following the charges, Arthur Hayes has stepped down as BitMEX CEO, other leaders shifted roles as well. According to the BitMEX blog post, founders Arthur…

Sidelined Capital Enough To Push Bitcoin To $1 Trillion Market Cap

boss

Bitcoin price is currently trading at just above $10,900, but it may not be doing so for much longer. As the cryptocurrency continues to build a bullish fundamental base, one crypto analyst claims there’s enough capital sidelined in crypto to push Bitcoin to a market cap of over $1 trillion. If and when this happens, they claim, the leading crypto asset will finally be considered a “major asset bucket” for wealth to pour into. It’ll also take the price per BTC to incredible heights. Willy Woo: $1 Trillion Bitcoin Market…

Here’s How Much the S&P 500 Can Fall Without Immediate Stimulus Relief

boss

President Trump said Tuesday he’ll delay stimulus talks until after the election, sending stocks lower. BTIG says the S&P 500 could fall at least another 7% without a stimulus bill. Trump signaled support for some stimulus relief on Tuesday night. President Donald Trump announced Tuesday that he was halting stimulus talks until after the election, causing stocks to drop suddenly before markets close. Trump instructs his representatives to end stimulus talks with Democrats until after the election. Watch the video below: Trump’s declaration to end stimulus negotiations took Wall Street…

Blockchain Bites: Square’s $50M BTC Investment, MetaMask’s 1M Users, BitMEX’s New CEO

boss

CoinDesk is preparing for the invest: ethereum economy virtual event on Oct. 14 with a special series of newsletters focused on Ethereum’s past, present and future. Every day until the event the team behind Blockchain Bites will dive into an aspect of Ethereum that excites or confuses us. The Top Shelf news you subscribed to is down below.  Now, a few words from CoinDesk markets reporter Daniel Cawrey. Increased usage One of the best metrics of increased usage in the Ethereum economy comes via wallet adoption, the entry point for anyone wanting to interact with decentralized finance,…

Bitcoin price turns bullish on Square’s $50M BTC purchase: Is $11K next?

boss

The number of Institutional investors stepping in to Bitcoin continues to increase and this appears to be inspiring some newfound confidence in Bitcoin price. Just today Square announced that it had purchased 4,709 Bitcoin (BTC) for $50 million. Square is not the only large company to take this action. Recently, MicroStrategy made waves for also announcing a significant purchase of Bitcoin. These news events could be a signal to investors that a new cycle is starting up and bigger parties are showing significant interest in Bitcoin. However, will this also…

The Market Reacts to Square’s $50M Bitcoin Buy

boss

Reactions from Bitcoin Twitter and beyond as Square puts 1% of its treasury assets into bitcoin. A special breaking edition of The Breakdown follows the market’s reaction to Square’s surprise $50 million bitcoin investment.  NLW breaks down the foundations for the investment, including: He also discusses the market’s reaction, from the (potential) connection to Coinbase’s “apolitical” stance from last week to the notion of Square intentionally setting a framework others can follow.  Original

Bitcoin News Roundup for Oct. 8, 2020

boss

With trading volumes surging and DeFi slowing down, CoinDesk’s Markets Daily is back for your latest crypto news roundup! Trading volumes for CME bitcoin options surged as traders made bull call spreads anticipating a rally. The popularity of decentralized cryptocurrency exchanges had backed up the Ethereum blockchain, raising questions about its ability to scale.  The parent group of BitMEX has announced an executive shakeup after U.S. authorities charged the firm over allegedly illegal conduct. “Big Four” firm KPMG says its patent-pending blockchain solution will help organizations measure, report and offset…

This Pattern Suggests Bitcoin is Days Away from Making an Explosive Movement

boss

Bitcoin’s incredibly tight and prolonged bout of sideways trading may not last for too much longer and will likely resolve in a massive movement that sets the tone for which direction it trends over a multi-month period. Overall, 2020 has been a turbulent year for Bitcoin, and while its fundamental strength consistently grew, its price is still trading right around where it was in the early part of the year following the initial multi-month rally between January and February. Despite not having any momentum at the present moment, one analyst…