🗞 Daily Crypto News, October 21th 💰

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Bitcoin Breaks $6,000 Barrier, Market Cap Now Exceeds $100 Billion
Tezos ICO Class Action Lawsuit In Works as Value Tumbles
Money at Risk? Mobile Wallets Become New Battleground in Bitcoin Fork Debate
Intel Plans to Make Driverless Cars Free of Blame From Accidents
Blockchain Lending Services Karma and MicroMoney Announce their Strategic Partnership
Overstock.com’s Stock Shares Soar in Relation to Bitcoin
BTC Trading Update by @cryptopassion

🗞 Bitcoin Breaks $6,000 Barrier, Market Cap Now Exceeds $100 Billion

Bitfinex, the highest volume BTC/USD exchange, broke the $6,000 barrier earlier today and has now been joined by all other major exchanges. At press time, the price of Bitcoin had reached $6,041 according to Coinmarketcap.com, causing its market capitalization to exceed $100 bln for the first time ever.

🗞 Tezos ICO Class Action Lawsuit In Works as Value Tumbles

Tezos, the Tim Draper-backed uncapped ICO which raised over $232 mln in July, has been fraught with major problems ever since. However, matters have begun to come to a head, sending futures prices off a veritable cliff, down some 75%.

The major event that sparked the decline was the announcement by the Breitmans on Medium that the Tezos platform was still in the alpha stage, and that investors should not expect a rollout until February 2018 at the earliest.

It appears likely that DLS, the Breitmans, and the Foundation have violated U.S. securities laws in conducting the ICO. If the Tezos tokens are “securities” sold to U.S. investors, the law requires the sale to be registered with the SEC. Here, it is clear that the tokens were never registered. In this situation, one of the chief remedies is rescission of the transaction. U.S. investors could get their money back.

🗞 Money at Risk? Mobile Wallets Become New Battleground in Bitcoin Fork Debate

Mobile bitcoin wallets users might not realize it, but their money might be at a heightened risk this November.

Segwit2x lead developer Jeff Garzik told CoinDesk:

"The design goal of Segwit2x – just like [the latest] ethereum fork – is to upgrade bitcoin, not create a new currency."

Lasher concluded:

"There might be some merits to a block-size increase. But we don't agree with the current way it's being pushed through."

🗞 Intel Plans to Make Driverless Cars Free of Blame From Accidents

There is another major development in the world of driverless cars on the horizon. A recent announcement by Intel will not go over well with the general public, though; that much is a foregone conclusion. The company claims to have developed a system which ensures that self-driving vehicles can’t cause accidents. That’s a very bold claim that will need some solid evidence to be backed up. Making autonomous vehicles blameless is not necessarily the right option to pursue right now.

🗞 Blockchain Lending Services Karma and MicroMoney Announce their Strategic Partnership

Blockchain lending services providers MicroMoney and Karma announce their strategic partnership today. MicroMoney, a global fintech company and a market pioneer blockchain credit bureau, and Karma, a global transcend p2p-scoring blockchain platform, have signed an agreement allowing them both to receive benefits from their user networks and technologies.

🗞 Overstock.com’s Stock Shares Soar in Relation to Bitcoin

The e-commerce dark horse, Overstock.com, has experienced stock shares soar as a result of their acceptance of bitcoin and blockchain. Speculation in digital currency has mirrored its effect on Overstock’s shares. According to a CNBC article, the company closed Tuesday up about 11.6%. It briefly soared 14 percent prior to that close.

BTC Trading Update by @cryptopassion

I think we can now consider that the long time resistance line has been broken and that we can use that line as a support line now :

My next objective is 6200$ but we could easly go over it. However, I would like start to warn you. If you have BTC, start to take some profits from them because we are very closed to an important correction for sure. No one knows wich level we will reach before that correction so it could be safe to take at least a part of your profits. Put in a place a laddering sale is a a very smat decision to my opinion.

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