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🗞 Daily Crypto News, October, 12th 💰

76
5 years ago
in#steem

  • SEC Halts Telegram’s $1.7 Billion ‘Unlawful’ Token Issuance ;
  • SEC, CFTC, FinCEN Warn Crypto Industry to Follow US Banking Laws ;
  • Mastering Emotions and Managing Risk in Cryptocurrency Trading ;
  • Visa, Mastercard, eBay, Stripe Follow PayPal in Quitting Facebook’s Libra Project ;
  • How Severe Is Roche Freedman’s Lawsuit Against Tether and Bitfinex? ;
  • 🗞 Daily Crypto News, October, 12th 💰
  • STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 SEC Halts Telegram’s $1.7 Billion ‘Unlawful’ Token Issuance

The U.S. Securities and Exchange Commission (SEC) secured an emergency restraining order against the Telegram Group and its subsidiary TON Issuer for their $1.7 billion token sale.

The SEC announced late Friday that it filed for and received an emergency action and restraining order halting Telegram from selling or otherwise distributing its gram tokens within the U.S. The network was supposed to go live on Oct. 31.

Telegram sold 2.9 billion gram tokens “at discounted prices to 171 initial purchasers worldwide,” the release said. This included more than 1 billion grams sold to U.S. investors. However, the complaint alleges that Telegram did not register its offer or sale.

🗞 SEC, CFTC, FinCEN Warn Crypto Industry to Follow US Banking Laws

The heads of three U.S. financial regulators warned the cryptocurrency industry to abide by banking laws in a joint statement published Friday.

The statement, signed by Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert, Financial Crimes Enforcement Network (FinCEN) Director Kenneth Blanco and Securities and Exchange Commission (SEC) Chairman Jay Clayton, “reminds” actors in the crypto space that they must comply with various banking and financial services laws in the U.S., regardless of what they call their cryptocurrencies or tokens.

The agencies referred to the Bank Secrecy Act (BSA), which outlines how different financial services businesses should register with regulators.

🗞Mastering Emotions and Managing Risk in Cryptocurrency Trading

When it comes to trading, there are several steps you can take in order to reduce your exposure to the market extremes of price volatility.

A combination of both technical and fundamental analysis can be used to determine the true worth of a company or asset, securing a greater chance of success with a particular investment while reducing your risk along the way.

But for that, you need a plan.

Mastering your emotions
Developing a successful risk management plan is paramount in minimizing unexpected outcomes, translating into an overall reduction in your losses.

A successful risk management plan should also run parallel to your crypto trading journal records, working in conjunction to curb poor trading behavior while simultaneously justifying your fundamental expectations.

🗞 Visa, Mastercard, eBay, Stripe Follow PayPal in Quitting Facebook’s Libra Project

Mastercard, Visa, digital auction company eBay, payments firm Stripe and Mercado Pago have all pulled out of the Facebook-led Libra Association.

The Financial Times reported Friday that eBay and Stripe dropped out of the Libra cryptocurrency project, citing political pressure, following PayPal, which pulled its own support of the project earlier this week. A Mastercard spokesperson confirmed to CoinDesk that the company will be withdrawing as well.

In a statement, the Mastercard spokesperson said:

“Mastercard has decided it will not become a member of the Libra Association at this time. We remain focused on our strategy and our own significant efforts to enable financial inclusion around the world. We believe there are potential benefits in such initiatives and will continue to monitor the Libra effort.”

🗞 How Severe Is Roche Freedman’s Lawsuit Against Tether and Bitfinex?

At the start of October, New York-based legal firm Roche Freedman filed a new class-action lawsuit against stablecoin firm Tether and digital currency exchange Bitfinex. The case accuses the aforementioned entities of manipulating the market by using a host of sophisticated schemes that involved fraud, pump-and-dump schemes, as well as certain money laundering-related ploys. As a result of this legal drama, the USDT/BTC trade pair has witnessed a substantial decline in its market value (around 10% as of press time).

🗞 Daily Crypto News, October, 12th 💰

  • BLAST (BLAST)

"Masternode functionality and versionbits signalling for Assets will become active on the BLAST network at block height 1710000."

  • Pundi X (NPXS), Pundi X NEM (NPXSXEM)

"The next token removal will take place on the second Saturday of October..."

  • General Event (CRYPTO), OKB (OKB)

"We’re bringing together the global leaders who are shaping the crypto mining industry today. Attendance is limited to 300 invited guests."

  • General Event (CRYPTO)

MinerSummit 2019 on October 12, and partner events from October 13 - 14 in Chengdu, China.

  • Bitcoin Fast (BTCF)

Details about staking BTCF will be shared.

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yersterday :

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Here is the current chart :

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The correction is continuing on the STEEM. The correction on the BTC is not helping neither. We could go test for the third time the low around 0.124$ and it will be very important to see the reaction of the market on that level. A break of this support line would be a drama as we could go under the 0.10$ very quickly but it is a little bit early to think already about that.

Last Updates

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5 years ago
vlemon76
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