Regulators Still On Rounds to Control and Regulate ICOs and Crypto Trading

Regulators Still On Rounds to Control and Regulate ICOs and Crypto Trading

+21 crypto websites to France’s blacklist, Independent Reserve certified by ADCA, BIS sees no financial stability risk from cryptos, Ukraine plans for state-backed crypto

ADCA is delighted that Independent Reserve has achieved certification under the Australian Digital Currency Industry Code of Conduct. Certification under the Code of Conduct provides external confirmation of adherence to best-practice standards through verification by an independent auditor.

Nick Giurietto, CEO and MD at ADCA

The price impact of regulatory news on Bitcoin

This is quite a promising direction, which, on the one hand, will protect human rights in terms of property, and on the other — significantly reduce the costs and time of transactions, as well as accelerate the turnover of money in the country.

Alexy Kushch, advisor to the head of Ukrainian Bank Association

  • U.S. SEC seeks coercive measures against owners of PlexCorps who raised $15 million through PlexCoin ICO after promising its investors a return of 1,354% in 29 days. The report suggests that Lacroix and Paradis-Royer, the two owners, have failed to present 'a full list of bank and brokerage accounts [...] and any blockchain addresses through which investor funds were solicited or received'.
  • Japanese regulatory authority approved the partnership of Japan-based SBI Holdings and Ripple. They will now be launching a new joint venture namely SBI Ripple Asia which would help users to send peer-to-peer payments using Ripple’s Distributed Ledger Technology. SBI, as it declared the approval, said that their mobile app 'connects to the next generation financial infrastructure utilizing the Distributed Ledger Technology (DLT) at the ‘Internal and external exchange centralized consortium’ to create an environment that allows depositors to remit money between individuals quickly, safely and comfortably'.

BTC

8,744 USD
0.38%

XRP

0.4543 USD
1.98%

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Trader Analyzes How Ripple’s XRP Price Could Hit $8 If This Trend Breaks

In a recent tweet on the 17th of October 2019, an avid cryptocurrency trader shares his opinion about Ripple’s XRP. According to him, XRP could hit $8 per coin if the price breaks forth to the upside of its current trading triangle. XRP Could Moon Soon An avid cryptocurrency trader by the username @XRPMOONSHINE, known for his analysis on XRP, shared his thoughts about the coin in the early hours of Wednesday. According to his point of view, XRP, which has been trading within a triangle for some time, could see an imminent breakout. He further proceeded to predict a price of $8 if price breaks to the upside of the triangle. His opinion is based upon on a weekly chart he shared – a view of price movement between 2016 till date. This is what $8 PER XRP Would look like. Does not seem like a possible reality to some. Just wait until this weekly triangle from 2016 to Now Breaks to the upside. pic.twitter.com/ZeVzgTh9rW — Løver øf All Cryptø (@XRPMOONSHINE) October 17, 2019 Twitter Lightens Up His tweet seems to have brought back lost hope in the cryptocurrency for its holders, as a lot of people seem to agree with his view — also, there were those who think this feat would be difficult to attain. Alex Cobb, one of many who commented, threw an important question to the floor, asking if the Brad Garlinghouse-led Ripple Inc. could make immense positive announcements that could help boost the growth of XRP. The question is, is Ripple genius enough to time a huge announcement while XRP is coming to the end of a massive triangle? — Alex Cobb [Don’t fall for fake profile scams] (@AlexCobb_) October 17, 2019 What Are Up Ripple’s Sleeves? Ripple and its cryptocurrency, the XRP, have received a lot of attention lately. This is due to various partnerships and acquisitions the company behind XRP has made. That’s not all; the community awaits MoneyGram’s announcement at the SWELL 2019 conference. As announced by Ripple, MoneyGram’s CEO, Alexander Holmes, will share his experience about how Ripple’s product, the xRapid, has transformed the financial giant and what lies ahead for the future of cross-border payments. The post Trader Analyzes How Ripple’s XRP Price Could Hit $8 If This Trend Breaks appeared first on ZyCrypto.
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