- New Bitcoin Mutual Fund Eases Crypto for Wary Asian Investors ;
- Everyone’s Worst Fears About EOS Are Proving True ;
- Bitcoin Bulls in Danger as Price Drops $500 in Minutes Back Under $10K ;
- Binance to Add Fiat-to-Crypto OTC Trading in a Month, Co-Founder Says ;
- SEC Charges Token Sale Platform For Illegal $14M Securities Offering ;
- ? Daily Crypto Calendar, September, 19th?
- STEEM Trading Update
Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!
? New Bitcoin Mutual Fund Eases Crypto for Wary Asian Investors
Hong Kong-based venture capital group CMCC Global launched its Liberty Bitcoin Fund to provide crypto currency access to accredited investors in Asia who are very interested but have been slow to buy the coins directly.
The Liberty Bitcoin Fund is a single-asset passive tracker of Bitcoin and offers services including buying and safekeeping coins.
“We have received more and more questions over the years from our existing investor base about whether we could help them buy Bitcoin,” Martin Baumann, managing partner of CMCC Global, told CoinDesk. “The new fund is really a demand-driven.”
? Everyone’s Worst Fears About EOS Are Proving True
EOS is the world’s seventh-largest blockchain by market cap, with a value topping $3 billion since February 2019.
However, the project has long been plagued by fears that its structure was too centralized, and now the lion’s share of entities that govern the chain are in China, prompting fears of state intervention.
EOS contributors devoted to building decentralized apps (dapps) and development tools for the blockchain are losing clout – and making little or no money from contributing to the health of the ecosystem. One of them publicly disavowed the blockchain earlier this month, citing the excessive power of the largest EOS token holders.
Block.One, the company that launched the code behind EOS following a $4.1 billion ICO, is the largest token holder. Critics say it could easily redefine governance on the chain but has yet to take action.
? Bitcoin Bulls in Danger as Price Drops $500 in Minutes Back Under $10K
For the past few days, the price of Bitcoin (BTC) has been hovering above the 20 Moving Average (MA) and drawing closer to the moving average as volume continued to taper off and lower highs were set each day.
The digital asset began to look bearish on multiple time frames and it seemed that a downward move was more likely than any other outcome. Once the 12 Exponential Moving Average (EMA) dropped below the 26-EMA on Sept. 16, aggressive intraday traders correctly predicted a double bottom bounce at $10,075.
? Binance to Add Fiat-to-Crypto OTC Trading in a Month, Co-Founder Says
Crypto exchange Binance is planning to add over-the-counter (OTC) trading to its platform in a month to provide users with fiat currency gateways.
Binance’s co-founder and chief marketing officer He Yi said at a media session on Tuesday during the Shanghai Blockchain Week that the exchange will specifically support fiat on-ramp via OTC for Chinese yuan.
He added that the new service will be part of Binance’s plan in the coming months to dedicate more time and resources to compete in the Chinese market. Further, the exchange is also rolling out a payment service to allow users from 170 countries to buy crypto assets using fiat currencies at Binance.com.
Fiat-to-crypto OTC trading has been a critical part in terms of fiat on-ramp for crypto traders based in China as local authorities prevent the direct connection of exchanges to banks and fiat deposits as part of the ban on initial coin offerings in September 2017.
? SEC Charges Token Sale Platform For Illegal $14M Securities Offering
The United States Securities and Exchange Commission (SEC) has sued ICOBox and its founder Nikolay Evdokimov for conducting an illegal securities offering and for acting as unregistered brokers.
SEC says ICOBox’s digital tokens are worthless
In a press release on Sept. 18, the SEC claimed that ICOBox and Evdokimov sold the firm’s ICO tokens to more than 2,000 investors in an unregistered coin offering in 2017.
The SEC goes on to say that the defendants claimed that the tokens would increase in value upon trading and that ICO token holders would be able to swap them at a discount for other tokens promoted on the ICOBox platform. The SEC claims that the ICO tokens are now virtually worthless, adding:
“By ignoring the registration requirements of the federal securities laws, ICOBox and Evdokimov exposed investors to investments, which are now virtually worthless, without providing information that is critical to making informed investment decisions.”
? Daily Crypto Calendar, September, 19th?
On Thursday, 19 September 2019, VexGift expense wallet can be converted to VP so you can use it to redeem vouchers and lucky draw.
Charles Hoskinson and Nathan Kaiser from CF to speak at the event.
Open Core Summit 2019 in San Francisco from Sep 19-20.
“Attention Zurich! We invite you to join our workshop on September 19! Spend your Thursday evening exploring Waves’ technology…”
“The next meeting is to be held at LTO office, and results to be presented on September 19.”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yersterday :
Here is the current chart :
Yesterday I was talking to you about a W pattern which is a bullish signal. Look today the acceleration of the move. We could go test the resistance line at 0.178$ very soon and it would be a very good news if we can break it. Let’s wait my friends and let’s hope the BTC won’t correct in the coming days.
- ? Daily Crypto News, September, 18th ?
- ? Daily Crypto News, September, 17th ?
- ? Daily Crypto News, September, 16th ?
- ? Daily Crypto News, September, 15th ?
- ? Daily Crypto News, September, 14th ?
- ? Daily Crypto News, September, 13th ?
- ? Daily Crypto News, September, 12th ?
- ? Daily Crypto News, September, 11th ?
- ? Daily Crypto News, September, 10th ?
- ? Daily Crypto News, September, 9th ?
Add your Scripsio!