🗞 Daily Crypto News, September 30th 💰

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Daily Crypto News

SEC Files Charges Against Two ICOs
IMF's Lagarde: Ignoring Cryptocurrencies 'May Not Be Wise'
Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin: Price Analysis, September 29
Snowden Ventures Cryptocurrency Opinion on Twitter
Philadelphia Fed Chief: Bitcoin Has Yet to Be Tested
BTC Daily Trading Update from @cryptopassion

🗞 SEC Files Charges Against Two ICOs

The SEC has made good on its warning to ICOs regarding tokenization schemes as unregistered securities. The charges were leveled at REcoin and DRC (Diamond Reserve Club), both ICOs founded by Maksim Zaslavskiy.

🗞 IMF's Lagarde: Ignoring Cryptocurrencies 'May Not Be Wise'

Speaking at a conference in London, IMF chief Christine Lagarde told attendees that she thinks "it may not be wise to dismiss virtual currencies."

Notably, she outlined possible scenarios in which a country – particularly those with "weak institutions and unstable national currencies" might actually embrace one more directly.

Lagarde went on to say:

"So in many ways, virtual currencies might just give existing currencies and monetary policy a run for their money. The best response by central bankers is to continue running effective monetary policy, while being open to fresh ideas and new demands, as economies evolve."

🗞 Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin: Price Analysis, September 29

Japan is unperturbed with its neighbor’s crackdown on cryptocurrencies. While Chinese exchanges are stopping trading from this month’s end, Japan has granted 11 cryptocurrency exchange licenses.

In the US, Keith Noreika, acting comptroller of the currency for the U.S. Treasury Department has said that Bitcoin companies might be granted “fintech charters” in the future. He also said that he was open to the idea of the banks conducting their business in cryptocurrencies.

This shows that while one nation is closing its doors to cryptocurrencies, others are warming up to it. Let’s see if this news can boost cryptocurrencies higher.

🗞 Snowden Ventures Cryptocurrency Opinion on Twitter

Edward Snowden took to Twitter to voice his opinion on two of the world’s top cryptocurrencies.

Both Zcash and Monero claim to be different than other cryptocurrencies by providing users with more secure and completely anonymous transactions.

It might be the reason Snowden, a world-famous advocate for user data security and anonymity, would choose these two digital currencies specifically to venture an opinion on.

🗞 Philadelphia Fed Chief: Bitcoin Has Yet to Be Tested

Bitcoin and other cryptocurrencies are unlikely to weaken the Fed Reserve's influence on the U.S. economy.

That's according to the president of the Federal Reserve Bank of Philadelphia, Patrick Harker, who issued the new remarks on the second day of a fintech event hosted by his organization, one of 12 regional institutions that today comprise the U.S. central banking system.

He told attendees:

"And so, when cryptocurrencies and other forms of currency emerge, I think the basis of that has to be how do they create that trust?"

BTC Trading Update from @cryptopassion

Yesterday we went back inside the triangle but fortunatley we have been able to break it again with a nice up :

We are now testing the 4300$ level and look this pattern : inverted head and shoulders

As I explained you in previous publications, this pattern is a nice bullish indicator.

So, even I was a little bit afraid yesterday that the trend could change, I'm back now fully bullish ;)

Source: @cryptopassion/btc-out-of-the-ascending-triangle-inverted-head-and-shoulders

🗞 Daily Crypto News, September 29th 💰

🗞 Daily Crypto News, September 28th 💰