Daily Digest & News: Twitter bans ICO ads!!
This is NOT financial advice
Market Analysis
- BTC dipped down below $8,000 levels, reaching a low of $7,700 before rebounding to $7,925
- I would be weary of going long, as this looks like a fake breakout with it’s low volume, but it’s too early to be certain
Daily News
- Coinbase Announces Support for Ethereum ERC20 Tokens
https://www.ccn.com/coinbase-announces-it-will-add-erc20-support/
Coinbase announced today their intention to support the Ethereum ERC20 technical standard in the coming months. However, they are treading cautiously on the decision to add new coins. Since Coinbase is not a licensed broker, at least not yet, it cannot trade instruments that qualify as securities. The SEC is still conducting dozens of investigations concerning initial coin offerings (ICOs) and the regulator seems to be gathering information in an effort to make a ruling on when a crypto token is a security.
This is reflected in the market sentiment as historically, Coinbase announcements have caused huge retail influxes of retail investors, erratic price swings, and even allegations of market manipulation. But prices are down across the board today and there has been very little reaction to Coinbase’s momentous announcement.
- Twitter Will Ban ICO Ads Starting Tomorrow
https://www.coindesk.com/twitter-will-ban-crypto-ads-starting-tomorrow/
Twitter announced Monday that cryptocurrency advertisements would be banned from the website starting Tuesday. All ads related to initial coin offerings (ICOs), token sales, exchanges and wallet services - excluding public companies listed on major stock markets - will be removed from the site. Twitter CEO Jack Dorsey has previously acknowledged the proliferation of cryptocurrency scam accounts, pledging to crack down on users or bot accounts seeking cryptocurrencies from others.
- Majority of $550 Million Stolen NEM Already Laundered: Report
https://www.ccn.com/majority-of-550-million-stolen-nem-already-laundered-report/
The hacker(s) behind the $550 million theft of 500 million NEM tokens from Japanese cryptocurrency exchange Coincheck are reportedly close to cashing out their ill-gotten gains completely. As things stand, the money launderers are expected to cash out their coins – already swapped from NEM to other cryptocurrencies like bitcoin – in overseas exchanges that do not adhere to stringent know-your-customer (KYC) or ID norms.
Meanwhile, Tokyo-based Coincheck has kept its promise to refund NEM holders impacted by the breach by beginning to distributing reparations in Japanese Yen on March 12.
Other News
South Korea’s Largest Multi-Billion Dollar Conglomerates Enter The Cryptocurrency Market
https://cointelegraph.com/news/south-koreas-largest-multi-billion-dollar-conglomerates-enter-the-cryptocurrency-market
Wall Street Analyst Lowers Price Targets Of AMD, Nvidia Shares In Reaction To Bitmain Competition
https://cointelegraph.com/news/wall-street-analyst-lowers-price-targets-of-amd-nvidia-shares-in-reaction-to-bitmain-competition
Cboe Prods SEC on Bitcoin ETF Approval in New Letter
https://www.coindesk.com/cboe-argues-for-allowing-bitcoin-etfs-in-new-letter-to-sec/
Gov’t-Owned Entity Launches Blockchain-As-A-Service Platform In China
https://www.ethnews.com/govt-owned-entity-launches-blockchain-as-a-service-platform-in-china
Bitcoin is Gaining Legitimacy in Europe as Dutch Court Deems it Transferable Value
https://www.ccn.com/bitcoin-is-gaining-legitimacy-in-europe-as-dutch-court-deems-it-transferable-value/
Upbit Launches Cryptocurrency Index While Parent Company Dunamu Invests $92 M In Blockchain
https://www.ethnews.com/upbit-launches-cryptocurrency-index-while-parent-company-dunamu-invests-92-m-in
Stellar Founder/Ripple Co-Founder Cites Importance Of Decentralization
https://www.ccn.com/stellar-founder-ripple-co-founder-cites-importance-of-decentralization/
Australia Seeks Public Input on Crypto Tax Guidelines
https://www.coindesk.com/australia-seeks-public-input-crypto-tax-guidelines/
Bull needs bear bath . This always has been the case . Inexperinced hands shake off , overtime it also heals and becomes matures. Under the hood blockchain continues to attract more and more core projects into it. And thats exciting to watch as the wider adoption and speculation unfolds.
bitcoin don`t care
Very nice analysis. . amazing information about cryptocurrency.. this update news helps us to move forward in this platform. . @boxmining
Thank you so much for revealing another great news which is very useful. .
To me it looks like Cryptos being pushed down due to FUD and news of possible regulation. HODL. Short term is uncertain. Long term looks good.
@boxmining You are really a great man and always come with great news You share a lot, you spend your time for keeping us upto date, well the market is moving forward, good for us.
Congress sees valuable uses for blockchain in the medical sector. The report acknowledges that blockchain could help coordinate health records by reducing paperwork burdens and preventing medical errors. It also acknowledges blockchain technology could provide powerful solutions for portability, enabling medical records to be carried on smartphones and mobile devices with very little risks of vulnerability to cyberattacks.thanks for sharing I appereciate you for that
awesome analysis first time reading your post I like it Great thoughts
BTC dipped down below $8,000 levels, reaching a low of $7,700 before rebounding to $7,925
I would be weary of going long, as this looks like a fake breakout with it’s low volume, but it’s too early to be certain
this condition will be complicated. in general would have an impact on the loss of trust. doing imaging to clear the name will take a long time. but it needs to be taken seriously, because it deals with people's finances. surely there are many who are harmed, although on the dark side there are many who benefit. Good luck
Its confusion all over crypto market
Well when the come to fly crypto
In space.
may be. but not yet certain
These social networking sites see crypto as a competition that they can't overcome. That's why they've started to ban em
For bitcoin or crypto's in general's price to go back up, I think we're gonna need real adoption this time. The december-january hype is over.
they will try their best to supress crypto growth
as they cant compete with it
thanks for keeping us updated