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'.


3,992 USD


0.3063 USD

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Ripple Price Analysis: XRP Signaling Significant Bearish Break

Ripple price failed to break the $0.3240 and $0.3250 resistance levels against the US dollar. Buyers failed to hold a couple of important supports and the price declined below $0.3180. There was a break below a significant contracting triangle with support at $0.3180 on the 4-hours chart of the XRP/USD pair (data source from Poloniex). The price is now trading well below the $0.3155 support and it might decline strongly below $0.3085. Ripple price is under a lot of selling pressure against the US Dollar. XRP broke the $0.3155 support and moved into a bearish zone, with a negative bias. Ripple Price Analysis This past week, there was a decent rebound in bitcoin, Ethereum, bitcoin cash, ADA and ripple against the US Dollar. The XRP/USD pair made a couple of attempts to clear the key $0.3250 and $0.3280 resistance levels. However, there was no convincing break above the $0.3300 resistance area. Buyers failed to gain pace above the $0.3240 and $0.3250 resistance levels. As a result, there was a downside reaction below the $0.3200 support and the 55 simple moving average (4-hours). More importantly, there was a break below a significant contracting triangle with support at $0.3180 on the 4-hours chart of the XRP/USD pair. The pair settled below the triangle support and the $0.3155 pivot level. A swing low was formed at $0.3083 before the price corrected higher. It broke the 23.6% Fib retracement level of the last slide from the $0.3286 high to $0.3083 low. However, the broke triangle support acted as a resistance and prevented gains. There was no test of the 50% Fib retracement level of the last slide from the $0.3286 high to $0.3083 low. The price declined again and it seems like sellers might push the price below the $0.3083 low. The recent bearish break could be significant and it is likely to spark heavy downsides below $0.3080 in the coming sessions. The next key support is at $0.3050, below which the price may revisit the $0.3000 support. Looking at the chart, ripple price clearly broke a couple of important supports near $0.3180 and $0.3155. Therefore, there is a risk of more losses below the $0.3085 and $0.3050 levels. On the upside, the main resistance is at $0.3185 and the 55 simple moving average (4-hours). If buyers gain traction above the $0.3200 level, there could be a decent recovery above $0.3250. Technical indicators 4 hours MACD – The MACD for XRP/USD is currently gaining bearish momentum, with a negative bias. 4 hours RSI (Relative Strength Index) – The RSI for XRP/USD declined recently and it is now well below the 40 level. Key Support Levels – $0.3085, $0.3050 and $0.3000. Key Resistance Levels – $0.3185 and $0.3200. The post Ripple Price Analysis: XRP Signaling Significant Bearish Break appeared first on Live Bitcoin News.
Live Bitcoin News

Ripple or XRP – If There Is a Difference, It Doesn’t Matter!

A group of us received an e-mail first thing this Sunday morning. A Ripple/XRP aficionado wanted to let us know we’re “very unprofessional” for interchangeably using the terms “Ripple” and “XRP.” The “XRP Army,” as it were, likely has its sights on CCN. We have no editorial policy regarding these terms in place. A writer is free to use whichever term makes their meaning clearer. Ripple fanatics believe that calling XRP “Ripple” is simply wrong. They want to be “crystal clear” – on what? Does anyone give a damn besides them? Why is a company 100% dedicated to the advancement The post Ripple or XRP – If There Is a Difference, It Doesn’t Matter! appeared first on CCN

Bitcoin [BTC] and Bitcoin Cash [BCH] no longer payment options on streaming site Twitch

Twitch, the popular live streaming video platform, quietly removed the option to pay using Bitcoin [BTC] and Bitcoin Cash [BCH] from its platform. This piece of negative adoption flies in the face of a wave of crypto-adoption in several industries. Initially spotted by a member of Bitcoin’s Reddit community, the concerned user pointed out that subscriptions could not be paid for via virtual currencies. StreamLabs, a broadcasting software for live stream management, also removed the option to pay with virtual currencies. According to the Reddit post, the video streaming service was facilitating crypto payments through the Bitcoin payment service, BitPay. The post added, “They removed it in the last couple of weeks as a payment method for all countries. Negative adoption strikes again unfortunately.” Given below is an Imgur post detailing a user’s subscription cancellation, after he paid for it using Bitcoin Cash, Source: Imgur The development was met by a wave of disapproval against Twitch, with some calling for a boycott of the streaming service. While many have speculated about the reasons behind this development, the most realistic seemed to be a lack of awareness about the cryptocurrency payment option and its low transaction volume. Some users called this lack of awareness a “vicious cycle,” where companies introduce a cryptocurrency payment option quietly, without notifying the community. As transaction volume drops, the same option is then quietly removed. In May 2018, Twitch began accepting payments in cryptocurrencies. Initially, a slew of coins such as Bitcoin, Bitcoin Cash, Ethereum [ETH] and Litecoin [LTC] were accepted. The larger implications of this delisting must be noted. Twitch is a subsidiary of the e-commerce behemoth, Amazon, following the latter’s acquisition of the former in 2014 for around $950 million. As of February 2018, the video streaming service had 2.2 million broadcasters with 15 million unique viewers a day, and 140 million a month. Other notable websites that removed or suspended the cryptocurrency payment option from their respective platforms recently include, Expedia, the travel booking site and, the online chess-portal. Bitcoin’s Reddit community was enraged by Twitch’s quiet listing and delisting of the crypto-payment option. SQLoverride stated, “With so many social platforms shadow banning and demonetizing, the conspiracy side of me thinks maybe it was done because it is more difficult to demonetize someone using crypto.” Many questioned the existence of the crypto-option itself, with anonymustanonymust asking, “Did the have Bitcoin Cash or Bitcoin (Core) on the website?” The boycott was advocated by TAPEWlRM, “Unsubbed and shut down Twitch stream. Bad call guys.” The post Bitcoin [BTC] and Bitcoin Cash [BCH] no longer payment options on streaming site Twitch appeared first on AMBCrypto.

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