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Cryptocurrency

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Re: Cryptocurrency

#82
Our opinion on bitcoin is following:
At the beginning of February 2018, Bitcoin reached the bottom $6,000 after reaching $20,000 at the end of December 2017. Since then Bitcoin was not able to get below the support level $6000 even though there were many attempts to break this level. Many people started to get impatient because it already looks like Bitcoin will never go below $6000, but what if it will? We are in a phase where you need to be patient. Until Bitcoin will not create a higher high, there is no uptrend in a sight. It is constantly creating lower highs, so we will probably see a break of support level $6000, or at least false-break. From a statistical point of view, we are in the second-longest downtrend on Bitcoin. The longest lasted 411 days from 30 November 2013 until 14 January 2015. Now downtrend lasts more than 270 days. That means we are close to the end of a downtrend, but it's still there creating lower highs, but not lower lows. If Bitcoin breaks the support zone $6000 it can cause a dramatic selloff in markets, but it can also mean soon ending of that downtrend. We are bearish in short-term view, but we are bullish in long-term. Until Bitcoin won't get to $5000, we are waiting. So, the important thing here is that Bitcoin is very likely to break or at least false-break support level $6000 and we are close to the end of a downtrend, so be patient.
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Google removes ban on Cryptocurrency ads

#83
Just in:
GOOGLE ENDS BAN ON CRYPTOCURRENCY-RELATED ADS, PLANS TO ALLOW REGULATED CRYPTO EXCHANGES TO BUY ADS IN U.S., JAPAN; NEW POLICY STARTS IN OCTOBER -CNBC
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Re: Cryptocurrency

#85
The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have both filed charges against 1Broker, a CFD provider focused on cryptocurrencies. According to both US agencies, the company operating 1Broker, 1pool Ltd., has violated the Commodity Exchange Act, as well as the federal securities laws regarding security-based swaps funded with Bitcoins.

More specifically, 1Broker is accused of willfully operating as an unregistered broker/dealer of securities and futures commission merchant, as well as of money laundering. On top of that, the FBI has seized the company's web domain.


Re: Cryptocurrency

#86
mlawson71 wrote:
Tue Oct 02, 2018 10:59 pm

More specifically, 1Broker is accused of willfully operating as an unregistered broker/dealer of securities and futures commission merchant, as well as of money laundering. On top of that, the FBI has seized the company's web domain.
Damn what a dodgy business. I feel sorry for who ever invested with them!
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Re: Cryptocurrency

#88
The Emirates Securities and Commodities Authority (ESCA) plans to recognize initial coin offerings (ICOs) as a new way for companies to rise capital. The move is expected to be adopted in the first half of next year.
“The board of the Emirates Securities & Commodities Authority has approved considering ICOs as securities. As per our plan we should have regulations on the ground in the first half of 2019,” the head of the securities regulator Obaid Saif al-Zaabi said earlier this month.

Cryptocurrency Update

#89
#Bitcoin: 6,455.53 (-1.25%)
#Ethereum: 203.36 (-1.24%)
#Ripple: 0.452478 (-2.16%)
#BitcoinCash 436.26 (-2.13%)
#Litecoin: 53.02 (+0.09%)
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Mayweather/Dj Khaled Scam

#90
Mayweather, Dj Khaled Sued Over Alleged Cryptocurrency Scam

1019-mayweather-khaled-tmz-7.jpg

Floyd Mayweather and DJ Khaled have been hit with a lawsuit from people who claim the stars participated in an illegal cryptocurrency scam that screwed investors out of millions of REAL dollars.

The coin at the center of the scandal is called Centra Tech -- and, according to the class action lawsuit, Floyd and Khaled were influential celebrity endorsers who promoted the virtual currency on social media.

In fact, social media posts from Floyd encouraged people to buy the coin and he said he was so excited about it, "You can call me Floyd 'Crypto' Mayweather from now on."

1019-floyd-mayweather-dj-kahlid-endorsing-centra-tech-instagram-1.jpg

Khaled called the company and its products a "game changer."

The problem ... the Securities and Exchange Commission says the company behind the coin was operating illegally, misleading investors and claims several of the execs listed on the company website don't really exist.

Centra Tech raised $32 million in backing during the initial coin offering in 2017 ... thanks, in part, to the celeb endorsements ... the lawsuit claims.

The founders of the company were arrested back in April and are facing several charges including securities fraud, wire fraud and some conspiracy charges.

In the suit, investors are going after the company founders and the celeb endorsers for fraud -- and they're seeking to get their millions of dollars back plus damages.

One interesting note from the lawsuit -- investors say the value of the coin has plummeted over the past year. It was worth roughly $1 per coin in February and after the arrests in April, it's dropped to less than $0.02 per coin.

Source: http://www.tmz.com/2018/10/19/floyd-may ... ency-scam/
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