Moving-average indicators look bearish, and 2013 downturn sends bad signals to technical analysts (Bloomberg).
The Chief Legal and Risk Officer at Coinbase made the statements at a DC hearing where a subcommittee on Capital Markets, Securities and Investments “discussed ICOs and cryptocurrency, the potential benefits for the provision of legal support to its investors, and the development of a regulatory approach applied by the appropriate US regulatory bodies” (Cointelegraph).
Increasingly, investors new to crypto are asking if cryptocurrencies could provide enough diversification to the traditional portfolio asset allocation (Cointelegraph).
Following Google’s recent ban on crypto-related advertisements to ‘protect’ consumers from the infamous ICO scams, the article argues that the ban on legitimate businesses, such as Blockchain technology and Cryptocurrency exchange platforms and wallets, is harmful as well (Cointelegraph).
In a patent application, the outline of a blockchain-based platform, where credit ratings would automatically generate using the borrower’s historical and predictive data, was released (Coindesk).
The good (receiving $1,000 in tokens for joining a newsletter) and bad (feeling of spam email bombardment) aspects to free tokens and airdrop utilization (Coindesk).
According to recent calculations by the lighting company Elite Fixtures, it costs as much as $26,170 to mine one Bitcoin (in South Korea) (Fortune).
“The amount of capital gains from just U.S. investors in the rise of crypto pays for the damn wall,” says Bradley Rotter, vice chairman of Rivetz (CNBC).
The two topics covered include: how your coins can work for you with Proof of Stake, and how applications in this ecosystem can help you earn money (Medium: Coin and Crypto).