Massachusetts Halts 5 ICOs on ‘Unregistered Securities’ Grounds

Massachusetts has ordered the stoppage of five initial coin offerings (ICOs), stating in new orders that the companies in question were selling unregistered securities. Massachusetts Secretary of State William Galvin ordered 18moons, Across Platforms, Mattervest, Pink Ribbon and Sparkco to cease their ICO campaigns Tuesday, following investigations into each of the companies which found that they were all violating the state’s “General Laws,” which define securities as stocks, bonds or investment contracts which guarantee a financial return, as defined within the orders. The halts were part of a broader investigation into…

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Crypto Scams and Frauds | Continues to Impact Market Credibility

Crypto scams and frauds are tightly connected to the cryptocurrency markets due to their unregulated nature and lack of trading guidelines. Regulators, analysts and advertisement companies have been criticizing crypto coins with concerns related to illegal activities. Mark Carney thinks crypto traders are fools while Business magnates like Bill Gates and Warren Buffet call it a market for criminals. The most popular advertisement platforms, including Facebook (NYSE:FB), Google (NYSE:GOOG), and Twitter (NYSE:TWTR), have banned cryptocurrency related ads – the big internet companies consider crypto market ads harmful to the general public.…

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Sell Bitcoin, Buy Gold?

Mar.26 — Mike McGlone, Bloomberg Intelligence commodity strategist, shows Bloomberg’s Abigail Doolittle a potentially bearish chart on Bitcoin, and a possibly bullish chart on gold. A common thread? The Fed. Find out more in “Charting Futures.” source

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Bitcoin Price Dips Below $8,000, Wider Market Struggles to Hold Above $300 Billion

Join our community of 10 000 traders on Hacked.com for just $39 per month. The Bitcoin price once again dipped below $8,000 on Tuesday, demonstrating an inability to break out of its prolonged slump. The wider markets failed to fare much better, placing the cryptocurrency market cap at risk of descending below the $300 billion mark Source: CoinMarketCap At present, the market has an aggregate value of $301.8 billion, down from $320.4 billion on Monday. This translates into a single-day index decline of six percent. Bitcoin Price Enters Sub-$8,000 Territory…

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Bitcoin Slides Again, But Brief Rally May Be On the Cards

The bears continued to be in the driver’s seat on Monday, pushing bitcoin (BTC) below $8,000 and opening the doors for a re-test of recent lows near $7,300. The cryptocurrency found acceptance below the crucial support of $8,217 (prices as per Bitfinex) at 12:00 UTC yesterday, signaling the corrective rally from the low of $7,240 has ended. The emboldened bears then pushed bitcoin down to $7,716 earlier today – its lowest since March 18. Twitter’s decision to ban all ads related to initial coin offers (ICOs), token sales, exchanges and…

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If Facebook Can Be Worth Billions, Why Can’t Cryptocurrencies?

Pete Rizzo is editor-in-chief for CoinDesk. It’s been a rough month for Mark Zuckerberg. In the fallout from the Cambridge Analytica fiasco, in which it was found a third-party data provider was mining user information on behalf of political groups, Facebook and its founder have faced an outcry of criticism over the company’s role as leader-supreme data custodian for the developed world. But for the crypto community, the resulting plunge in Facebook’s stock price offers an instructive example for a fundamental argument: whether the current cryptocurrency market, in which more…

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Ethereum Classic Price Technical Analysis – Can ETC/USD Hold $15?

Key Highlights Ethereum classic price is in a bearish zone and is struggling to hold the $15 level against the US dollar. There is a crucial bearish trend line forming with resistance at $16.50 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is under a lot of pressure and it could even break the $15.00 support level in the near term. Ethereum classic price is in a downtrend against the US Dollar and Bitcoin. ETC/USD remains at a risk of more losses as long…

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Bitcoin Price Technical Analysis for 03/27/2018 – Bears Take the Upper Hand

Bitcoin Price Key Highlights Bitcoin price is back to testing the symmetrical triangle bottom on its 4-hour time frame. Increased selling pressure could take it below support and on a continuous selloff. The Fibonacci extension levels show the nearby support areas where sellers could book some profits. Bitcoin price is back in selloff mode as it tests the triangle support to determine whether further consolidation or a downtrend is underway. Technical Indicators Signals The 100 SMA is below the longer-term 200 SMA to signal that the path of least resistance…

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Ripple Price Technical Analysis – XRP/USD Could Decline Further

Key Highlights Ripple price accelerated declined and broke the $0.6000 and $0.5800 support levels against the US dollar. There is a short-term bearish trend line forming with resistance at $0.5800 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair remains at a risk more losses below the $0.5600 and $0.5500 support levels. Ripple price is in a bearish trend against the US Dollar and Bitcoin. XRP/USD is struggling to hold ground and it could decline further towards $0.5400. Ripple Price Bearish Trend There was no…

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Ethereum Price Technical Analysis – ETH/USD Getting Crushed

Key Highlights ETH price could not stay above the $508-512 support area and nosedived against the US Dollar. Yesterday’s highlighted crucial bearish trend line with current resistance at $512 is intact on the hourly chart of ETH/USD (data feed via Kraken). The pair is now trading well below the $490 level and it remains in a bearish zone. Ethereum price declined sharply against the US Dollar and Bitcoin. ETH/USD is currently trading well below $490, and it could even break the $466 low. Ethereum Price Decline There were further downsides…

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