Day: October 1, 2019

Ethereum (ETH) Price Likely Preparing For Corrective Move To $200

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ETH price started an upside correction and tested the $185 resistance against the US Dollar. The price is currently correcting lower, but it remains supported near $175 and $172. There is a new connecting bullish trend line forming with support near $171 on the hourly chart of ETH/USD (data feed via Kraken). The price remains well supported on dips near the $172 and $170 levels in the near term. Ethereum price is showing positive signs above versus the US Dollar, while consolidating vs bitcoin. ETH price is likely to break…

EOS Maker Block.One Settles With SEC Over Unregistered Securities Sale

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EOS maker Block.One must pay $24 million in penalties for conducting an unregistered securities sale, the U.S. Securities and Exchange Commission (SEC) announced Monday evening. The SEC said in a press release that Block.One “raised the equivalent of several billion dollars” over a one-year period in an unregistered initial coin offering (ICO). (A total of $4.1 billion was raised.) Block.One agreed to settle the charges, according to the SEC. The fine amounts to 0.58 percent of the initial raise. Notably, the press release highlighted that Block.One’s token sale began shortly…

BlackRock, Goldman Sachs Veteran Joins Blockchain as General Counsel

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BlackRock and Goldman Sachs veteran Howard Surloff has joined major crypto wallet provider Blockchain.com as general counsel. Over 25 years in traditional finance After serving over 25 years the two of the world’s largest and most respected financial institutions, Surloff will now be responsible for advancing Blockchain’s standard for legal, compliance and corporate governance within the crypto industry, the firm announced on Oct. 1. Prior to entering the crypto industry, Surloff worked at BlackRock for 12 years, the world’s largest exchange-traded fund provider, according to his LinkedIn page. At BlackRock,…

Former Employees of JP Morgan, Intel and TrustToken Launch Stablecoin

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The Global Currency Organization (GCO) is launching a new U.S. dollar-backed stablecoin, dubbed the USD Digital (USDD). In an Oct. 1 press release shared with Cointelegraph, the GCO announced the launch of the USDD, a new stablecoin pegged to the U.S. dollar. The organization, which is a new project led by former employees of JPMorgan, Intel and TrustToken, said that it plans to make the stablecoin model available to a worldwide network of partners, to focus on the possibility for end users to move between cryptocurrencies and fiat. The San…

Rakuten, SBI, Monex Launch Japan STO Association: Official

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Six major Japanese brokerage firms such as SBI Securities and Rakuten Securities officially established Japan Security Token Offering (STO) Association. The four other members of the new association include Nomura Securities, Daiwa Securities, Kabu.com Securities and Japan’s financial giant Monex, who officially announced the news on Oct. 1. Headquartered in Tokyo, Japan STO Association launches in order to support the development of STO fundraising by consolidating expertise in the industry, ensuring compliance with laws and protecting investors. Development of self-regulations Chaired by Yoshitaka Kitao, CEO and representative director of SBI…

Bitcoin Price (BTC) Upward Drift Facing Key Resistance

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Bitcoin price started a strong recovery above the $8,000 and $8,200 resistance against the US Dollar. The price is up more than 5%, but it is facing a strong resistance near the $8,500 level. Yesterday’s highlighted major bearish trend line was breached with resistance near $8,080 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could dip a few points before it makes another attempt to climb above $8,500 and $8,600. Bitcoin price is showing signs of an upside correction against the US Dollar. However,…

ETH Smart Contract FairWin Is Empty

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Ethereum (ETH) smart contract FairWin, recently accused of being the fastest-growing Ponzi scheme on Ethereum, was emptied. According to Etherscan’s data, at press time FairWin’s balance is exactly zero ETH. Yet, the smart contract held over 49,518 ETH just a few days ago on Sept. 26. FairWin’s value also topped at over $10 million on Sept. 21. The fastest-growing Ponzi scheme on Ethereum It is unclear whether the contract was drained by its owner, some malicious actors or concerned users, but the multitude of withdrawing addresses suggests the latter. As…

Crypto Market And Bitcoin In Correcting Increase: BCH, Litecoin, EOS, XLM Analysis

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The total crypto market cap is holding the key $200.0B support area, with corrective signs. Bitcoin price is currently correcting higher and it recently broke the $8,400 resistance. Litecoin (LTC) price is up more than 6% and it broke the $55.00 resistance area. Bitcoin cash price gained nearly 7% and it managed to break the $230 resistance. EOS price surged more than 10% and it climbed above the $2.850 and $3.000 resistances Stellar (XLM) price is back above the $0.0600 level and it is currently showing positive signs. The crypto…

Ripple Price (XRP) Gains 10%: ETH & BTC Rebounding

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Ripple price climbed higher recently above the $0.2450 and $0.2500 resistances against the US dollar. The price is currently trading near the $0.2620 resistance area and is consolidating gains. There was a break above a major bearish trend line with resistance near $0.2415 on the hourly chart of the XRP/USD pair (data source from Kraken). The price might correct a few points, but it is likely to test the main $0.2650 resistance in the near term. Ripple price is showing signs of a decent upside correction against the US Dollar…