At the same time, the business imperatives of online media, particularly the financial press, make the entire system more vulnerable to disinformation. Getting a story out quickly can make a huge difference to the traffic and advertising revenue it generates, and over time, to the Google visibility of an entire website. That can lead to corner-cutting as newsrooms race to be first. This time, CoinDesk succumbed to that pressure. Source
9/11 was a human tragedy of staggering proportions. This weekend America honored and mourned the first responders, office workers, airline passengers and others who lost their lives 20 years ago. As the world looks back on one of the most consequential events of the 21st century, it’s important to remember 9/11′s long-lasting aftereffects – a reminder that emergencies can make for knee-jerk policy and unforeseen consequences. These lingering effects include the increased mass surveillance and tightening of anti-money laundering rules under the USA Patriot Act and the toll these measures…
The Financial Services Commission (FSC) in South Korea has set a new deadline for the cryptocurrency exchanges in the country to register as authorized trading platforms. Over half of all exchanges are expected to be shut down by September 24, as most local exchanges could not meet the conditions set by the regulator. As a result, it is estimated that $2.6 billion in crypto would be wiped out. As of now, Upbit, Bithumb, Korbit and Coinone are dominating the South Korean crypto trading industry. More than 90% of the country’s…
Ethereum is struggling to climb above $3,500 against the US Dollar. ETH price is moving lower and it could decline further below the $3,200 support zone Ethereum failed to clear the $3,450 level and started a fresh decline. The price is now trading well below $3,400 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $3,400 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its decline if there is a clear break below the $3,200…
Bitcoin price is consolidating below the $46,000 zone against the US Dollar. BTC could start a major decline if it breaks the $44,200 support zone in the near term. Bitcoin is facing a major resistance near $46,000 and $46,200 levels. The price is now trading well below $46,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $46,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a major decline if it fails to…