The SEC’s Bill Hinman officially announced that Bitcoin and Ethereum are not securities. That hints that Ripple and other top coins like TRON and NEO may not be securities either. However, Hinman noted that many ICOs are securities.
A 66 page study is trying to assert that Bitcoin’s 2017 rise was the result of price manipulation using Tether… but the report is narrow and likely not telling the full story.
Coinbase (and Coinbase Pro / GDAX) added support for Ethereum Classic (ETC). This doesn’t mean ETC will start trading right away, it means they plan on implementing ETC trading in the coming months.
A somewhat obscure crypto exchange called Coinrail was hacked Sunday. The Media generally reported that this caused the $1k drop in Bitcoin this weekend… but many in the crypto community beg to differ.
What Could be In Store for 2018 Based off Technicals and History This is an exciting and scary time in crypto land. Bitcoin, and crypto as a whole, is at a make it or break it point here on June 11th 2018. NOTE: See charts below and descriptions below for a better understanding of technical… Read More
I personally think Bitcoin’s 2014 price chart is worth comparing to the current 2018 chart, as there are many similarities. Here are some thoughts on the comparison.
As we have essentially known for sometime, ICOs are almost certainly going to be treated as securities by the SEC. This means about 1/2 of the top coins are likely to be considered securities by the SEC.
Coinbase is on track to operate as a regulated broker-dealer, meaning they are acquiring the proper licenses and waiting approval by federal authorities.
Bitcoin has been bottoming out between $6k – $7k since its high. This can be explained in a few ways, including by the cost of mining and by some technical factors.
The SEC has appointed their first “Crypto Czar” (a Cryptocurrency specialist who will coordinate efforts across all SEC Divisions and Offices regarding the application of U.S. securities laws to ICOs, cryptocurrencies, and digital assets in general.
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