SEC Charges DJ Khaled and Floyd Mayweather for ICO Promotions

Nobody gets away with fraud in the SEC’s eyes. The latest pair to be hit with SEC charges include pro-boxer Floyd Mayweather and music producer DJ Khaled. SEC Charges Mayweather and Khaled The Securities and Exchange Commission charged the pair with the improper promotion of initial coin offerings or ICOs for cryptocurrencies. Neither party revealed to investors that they were, in fact, paid large sums of money to promote certain ICOs. According to CNBC, a settlement announced Thursday disclosed the charges. According to the settlement, Mayweather never spoke of a $100,000 promotional…

Litecoin (LTC), TRON (TRX), and ZCash (ZEC)

Cryptocurrencies made a strong comeback in the middle of the week, after posting 2018 lows a few days prior. Investors began dumping digital currencies after Bitcoin Cash miners decided to split the chain in two. After the hard fork, an all-out hash war began, and investors weren’t pleased. Investors began buying back digital currencies when various crypto-positive news announcements were made earlier this week. Most coins have since corrected from their gains, but Litecoin (LTC), TRON (TRX), and ZCash (ZEC) are still in the green for the week. Let’s take…

Bitcoin Price Nearing ‘Capitulation Moment’: IG Market Analyst

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Bitcoin is not far from a critical loss of investor confidence that will lead to the market hemorrhaging vast amounts of value as nervous investors dump their holdings. This is the opinion of Chris Beauchamp, an analyst at the online trading platform IG. Speaking to the Financial Times, Beauchamp stated that the crypto market leader is heading for a “capitulation moment” when a critical mass of investors…

Investors Should Consider Lack of ‘Safeguards’ Before Investing in Crypto

U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton reiterated his wary view of the crypto markets during an interview. His discussion with New York Times columnist Andrew Ross Sorkin took place at the The Times Center in New York City Nov. 29. Mid-way through the interview, Clayton told Sorkin that the securities regulator had worked hard to educate investors about the risks of participating in an emerging and unpredictable market, one for which regulation is still taking shape. Clayton continued: “We tried to get the word out that although…

Is the Coinbase “Pump” Working? Zcash Drops 17% From Daily Peak

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. On November 30, Zcash (ZEC), a privacy-focused cryptocurrency, was integrated into Coinbase Pro, a U.S.-based regulated digital asset exchange operated by Coinbase. The exchange told investors that throughout the foreseeable future, withdrawals of Zcash shielded transactions, private or anonymous transactions on the Zcash network, will not be supported. Coinbase said: “Initially, we will support deposits from both transparent and shielded addresses, but only support withdrawals to…

Crypto Markets See Persistent Red, Bitcoin Briefly Dips Below $4K

Friday, Nov. 30 — After a short-lived spike earlier this week, the crypto markets are today back in the red, with virtually all of the top 20 cryptocurrencies seeing losses within a 4 and 10 percent range, as data from Coin360 shows. Market visualization by Coin360 Bitcoin (BTC) has had a volatile week, jaggedly trading between its low of around $3,600 (Nov. 25) and high of $4,400 (Nov. 29). As of press time, the top coin is at $4,037, down 6.3 percent on its 24-hour chart, according to CoinMarketCap. Today’s…

Capitulation? Bitcoin’s Price Dropped 36% in November

Bitcoin (BTC) tanked in November on the back of high volumes, raising the possibility that the market has, to some extent, capitulated. The largest cryptocurrency by market capitalization is currently trading at $4,000 – down 36 percent from its monthly opening price of $6,318 – according to CoinMarketCap data. That drop marks the biggest monthly loss of the year so far. Amid the losses, trading volumes jumped by 33 percent month-on-month to $158.48 billion – the highest level since May. It is worth noting that, at the start of the…

Microsoft Japan Partners With Startup to Increase Domestic Blockchain Uptake

The Japanese arm of computer giant Microsoft has partnered with nascent blockchain startup LayerX to “accelerate” uptake of the technology, Cointelegraph Japan reported Nov. 30. LayerX, which formed in August as a joint venture from news curation app Gunosy and advisory service AnyPay, oversees blockchain integration for enterprise, including areas such as smart contracts and general consulting. Using Microsoft’s Azure Blockchain-as-a-Service (BaaS) solution, the companies will seek to promote the technology further in the domestic economy. “We will support the introduction process in its entirety, even down to technical support…

Cardano Price Analysis: ADA/USD Could Climb Above $0.045

Key Highlights ADA price started a decent recovery after forming a support at $0.0350 against the US Dollar (tethered). There is a short term bullish trend line formed with support at $0.0410 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to climb further higher and it may even break $0.0450 in the near term. Cardano price recovered recently against the US Dollar and Bitcoin. ADA/USD may accelerate gains above the $0.0440 and $0.0450 resistance levels. Cardano Price Analysis After forming a support…

Bitcoin Price Watch: BTC/USD Could Extend Correction Below $4,100

Key Points Bitcoin price struggled to break the $4,400-4,440 resistance and declined against the US Dollar. There was a break below yesterday’s bullish trend line with support at $4,220 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently at a risk of more losses below the $4,100 and $4,080 support levels. Bitcoin price formed a short term top near the $4,440 level and declined against the US Dollar. BTC/USD is likely to correct lower towards the $4,000 support in the near term. Bitcoin…