The Best in Crypto – 1/5/18

Texas Securities Commissioner Issues Cease & Desist Order Against Bitconnect:

Cease and Desist Order PDF 

Celebrated educator, and speaker at the Advanced Digital Innovation Summit in Vancouver, doubts the capability of regulation in cryptocurrency (Cointelegraph):

Andreas Antonopoulos: ICOs Are ‘Total Shit Right Now, Revolutionary In Five years.’

Technical analyst, and Crypto enthusiast, writes about the lack of value (and ethics) in Ripple investment (WordPress):

The Truth About Ripple

The North American Securities Administrators Association released a warning of the risks in investing in cryptocurrencies and initial coin offerings (Cointelegraph):

NASAA Warns Investors about ICOs, SEC Approves

Merrill Lynch has banned Bitcoin-related investments to be made for the clients of its (roughly 17,000) financial advisors (Cointelegraph):

Wall Street Buzz: Merrill Lynch Bans Bitcoin For Its Clients

Facebook CEO plans to study decentralizing technologies, including cryptocurrencies, in order to improve the social networking service he co-founded (Coindesk):

Zuckerberg to Study Cryptocurrency in Quest to Decentralize Facebook

Bitcoin has appreciated by 10 percent, Ripple’s XRP has depreciated by 9 percent, and additional alternative currencies, including NEM (XEM), Cardano (ADA) and Stellar (STR), have dropped by 12 percent in the last 24 hours (Coindesk):

Off the Leash? Bitcoin Looks North After Breaking $16k

Policy makers outlined cuts on mining this week in China, leaving Canada, Iceland, and the US among alternative destinations (Bloomberg):

Bitcoin Miners Are Shifting Outside China Amid State Clampdown

The virtual currency boom has left the co-founder of Ripple, and largest holder of Ripple tokens, Chris Larson to be worth more than $59 billion, ultimately vaulting him ahead of Facebook CEO Mark Zuckerberg into fifth place on the Forbes list of the world’s richest people (New York Tines):

Rise of Bitcoin Competitor Ripple Create Wealth to Rival Zuckerberg

The 8 percent pop in Ethereum prices left its value rising over $1,000 early yesterday morning (Fortune):

Ethereum Price Rises Above $1,000 for the First Time as Ripple Soars