🗞 Daily Crypto News, October 28th 💰

Everyday, I bring you the most important CryptoNews so you can stay updated with the latest developments.

• Speculators Jump On New Gold Rush Called Ethereum Name Service
• Can Blockchain Save Us from the Internet's Original Sin?
• SEC Enforcement Division Says ICOs a Vehicle For Fraud
• Bitcoin Cash Price Surges to Nearly $400 Despite the Odds
• South Korea Advances Crypto Bill Targeting Multi-Level and Door-to-Door Sales
• BCH Trading Update by @cryptopassion

🗞 Speculators Jump On New Gold Rush Called Ethereum Name Service

Ethereum Name Service (ENS) launched on mainnet on May 4, 2017. At launch, ENS featured an automated registrar process allowing anyone to easily and cheaply register names ending in ".eth" using an auction process.

The auction system enabled anyone to purchase a .eth addresses of at least seven characters in length. Since its launch over 618,000 auctions have been started, and 3,298,707 ETH have been deposited for bids. The ENS is evolving, and within the next two years, a planned upgrade will allow for auctions of shorter names less than seven characters.

Read more & Source: https://cointelegraph.com/news/speculators-jump-on-new-gold-rush-called-ethereum-name-service

Can Blockchain Save Us from the Internet's Original Sin?

The internet's original sin

How did the GAFA gang get to be so powerful? It comes down to an original sin in the first design of the internet.

The inventors of packet switching and of the basic protocols on which the modern web is built did a masterful job figuring how to move information seamlessly across a distributed network. What they didn't do was resolve the problem of trust.

Read more & Source: https://www.coindesk.com/can-blockchain-save-us-from-the-internets-original-sin/

🗞 SEC Enforcement Division Says ICOs a Vehicle For Fraud

“Blockchain technology presents many interesting issues and can of course present legitimate opportunities for raising capital. But, like many legitimate ways of raising capital, the popular appeal of virtual currency and Blockchain technology can be an attractive vehicle for fraudulent conduct. We think that creating a permanent structure for the consideration of these issues within the Cyber Unit will ensure continued focus on protecting both investors and market integrity in this space.”

Read more & Source: https://cointelegraph.com/news/sec-enforcement-division-says-icos-a-vehicle-for-fraud

🗞 Bitcoin Cash Price Surges to Nearly $400 Despite the Odds

Contrary to our expectations yesterday, it appears the Bitcoin Cash price momentum is still in full effect as of right now. Although it seemed doubtful the price would maintain the $350 for long, things have evolved in a good direction for the Bitcoin Cash price. Right now, one BCH is valued at almost $400. A surprising trend considering how Bitcoin is effectively struggling for traction right now.

Read more & Source : https://themerkle.com/bitcoin-cash-price-surges-to-nearly-400-despite-the-odds/

🗞 South Korea Advances Crypto Bill Targeting Multi-Level and Door-to-Door Sales

South Korea is moving forward with a bill to regulate cryptocurrencies. According to the country’s Ministry of Justice, the bill will primarily focus on cracking down criminal activities including crimes perpetuated through multi-level and door-to-door sales.

Read more & Source : https://news.bitcoin.com/south-korea-cryptocurrency-bill/

BCH Trading Update by @cryptopassion

Since some days the BCH is doing nice moves. It should test soon the long term resistance line :

This will be an important momentum because if we are able to break this line, we could see the BCH coming back in a nice up trend.

I know many people don't like BCH and don't see any future for it, it is also my opinion. However, I'm talking here as a trader and not as an investor.

​🗞 Daily Crypto News, October 27th 💰

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​🗞 Daily Crypto News, October 24th 💰

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