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.
Bittrex will start to allow US Dollar trading AKA fiat trading for corporate customers and plans to expand these services over time to include all qualified customers.
In some ways I’d argue that Bitcoin futures brought stability to crypto, as some said they would. However, they did it in a backhanded way that caused volatility and favored only certain types of traders.
The Justice Department opened a criminal probe into whether traders are manipulating the price of Bitcoin and other cryptos. The goal is to see if cryptos are being manipulated using tactics like Spoofing and Wash Trading
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