GMTAuthor: Adam Button

New York Attorney General publishes report on crypto

Crypto exchanges are vulnerable to manipulation and most aren't doing enough to protect users, according to a 32-page "Virtual Markets Integrity Report" published today.

The report is more of a warning to consumers than a threat to take action but it's certainly an area that government officials are watching closely.

"The industry has yet to implement serious market surveillance capacities, akin to those of traditional trading venues, to detect and punish suspicious trading activity," the report said.

They singled out Kraken, Binance and Gate.io , who didn't participate in answering voluntary questions and don't have required NY licenses yet continue to provide services to New York residents.

"In announcing the company's decision not to participate in the Initiative, Kraken declared that market manipulation 'doesn't matter to most crypto traders,' even while admitting that 'scams are rampant' in the industry," the report said.

On the other hand, they highlighted Gemini's efforts to partner with Nasdaq to use sophisticated market surveillance tools.

The report concludes with 10 questions users should ask before using an exchange:

1. What security measures are in place to stop hackers from unlawfully accessing the platform or particular customer accounts?

2. What insurance or other policies are in place to make customers whole in event of a theft of virtual or fiat currency?

3. What guardrails or other policies does the platform maintain to ensure fairness for retail investors in trading against professionals?

4. What controls does the platform maintain to keep unauthorized or abusive traders off the venue?

5. What policies are in place to prevent the company and its employees from exploiting non-public information to benefit themselves at the expense of customers?

6. How does the platform notify customers of a site outage or suspension, the terms under which trading will resume, and how customers can access funds during an outage?

7. What steps does the platform take to promote transparency and to subject its security, its virtual and fiat accounts, and its controls to independent auditing or verification?

8. Is the platform subject to, and registered under, banking regulations or a similar regime - for instance, the New York BitLicense regulations?


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Tue 18 Sep 2018 17:20:09 GMT

Bitcoin corrects up to 200 hour MA today. Seller lean and increase the MAs importance.

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Bitcoin corrects up to 200 hour MA today. Seller lean and increase the MAs importance.


//az705044.vo.msecnd.net/20180918/2018-09-18_10-15-09.jpg Greg Michalowski
Tue 18 Sep 2018 17:20:09 GMT
Category: Cryptocurrency
0


Keeps the bears more in control The price of bitcoin has seen a rebound today after the sharp fall lower yesterday. That fall, took the price below the 100 and 200 hour MAs  (blue and green lines). The low reached near the end of trading yesterday, fell short of the lows from September at $6116 to $6191. They remain targets for sellers.  The low reached $6207.  

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Trade ideas thread - European session 17 September 2018
Asset 41
Mon 17 Sep 2018 15:57:22 GMT

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Bitcoin cracks 200 hour MA and a lower trend line too

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Bitcoin cracks 200 hour MA and a lower trend line too


//az705044.vo.msecnd.net/20180917/2018-09-17_8-51-32.jpg Greg Michalowski
Mon 17 Sep 2018 15:57:22 GMT
Category: Cryptocurrency
1
Trend line at $6310.  200 hour MA at $6400. Risk levels now for shorts The price of bitcoin tumbled and is down about -$-250 on the day at $6253.24.  The price fell below the 100 and 200 hour MAs (blue and green lines - see earlier post ""). It has also now cracked below a lower trend line at $6310 (see chart below). That trend line and the 200 hour MA (at $6400) are now risk levels for shorts. 

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Mon 17 Sep 2018 14:02:16 GMT

Bitcoin dips below 200 hour MA. Sellers making a play.

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Bitcoin dips below 200 hour MA. Sellers making a play.


//az705044.vo.msecnd.net/20180917/2018-09-17_6-58-55.jpg Greg Michalowski
Mon 17 Sep 2018 14:02:16 GMT
Category: Cryptocurrency
0
Can the momentum continue The price of bitcoin just made a new session low at $6385 and in the process dipped below it's 200 hour MA at $6400.28. The price has moved back higher after the brief dip but the sellers are trying to make a play.  Can they get below and show some momentum below the key $6400 level.  Be aware. Key test by the market.

Asset 24 View More
Wed 12 Sep 2018 23:04:16 GMT

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Mohamed El-Erian speaking blockchain, cryptocurrency - 'not dead'

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Mohamed El-Erian speaking blockchain, cryptocurrency - 'not dead'


https://az705044.vo.msecnd.net/20180912/bitcoin-usd-chart.png Eamonn Sheridan
Wed 12 Sep 2018 23:04:16 GMT
Category: Cryptocurrency
4
One for the bitcoin, the various cryptocurrencies, and techno people Allianz chief economic adviser Mohamed El-Erian interview: - "Crypto is not dead, and certainly the underlying technology is not dead"  On Bitcoin:

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Wed 12 Sep 2018 13:31:21 GMT

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Why Ethereum is in freefall

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Why Ethereum is in freefall


//az705044.vo.msecnd.net/20180912/ethereum-chart.png Adam Button
Wed 12 Sep 2018 13:31:21 GMT
Category: Cryptocurrency
6
Ethereum at a 16-month low Ethereum is down nearly 10% over the past 24 hours and trading at $172. It's fallen in 10 of the past 11 days for a cumulative decline from $300. The July 2017 low was $136 and that's the last major support level.

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Tue 11 Sep 2018 19:03:52 GMT

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You can't lie to people and steal from them just because you called it an ICO

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You can't lie to people and steal from them just because you called it an ICO


//az705044.vo.msecnd.net/20180911/crypto-justice.png Adam Button
Tue 11 Sep 2018 19:03:52 GMT
Category: Cryptocurrency
1
US judge says securities law applies to ICO The crypto market isn't having a great day, especially Ethereum, which is down 7% to $182 after falling as low as $176. That's a long way from $1400 back in January.

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Tue 11 Sep 2018 16:53:19 GMT

Bitcoin trades lower but consolidates

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Bitcoin trades lower but consolidates


//az705044.vo.msecnd.net/20180911/2018-09-11_12-38-40.jpg Greg Michalowski
Tue 11 Sep 2018 16:53:19 GMT
Category: Cryptocurrency
0
Below hourly technical levels. Below 100 day MA The price of bitcoin on Coinbase, is trading down about $50 at $6250 area. The low reached $6176 today, and the high extended to $6405. Although lower, the pair is consolidating near recent lows. 

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Mon 10 Sep 2018 14:03:54 GMT

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Winklevoss twins get approval from regulators to launch Tether competitor

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Winklevoss twins get approval from regulators to launch Tether competitor


//az705044.vo.msecnd.net/20180910/winklevoss-twins.png Adam Button
Mon 10 Sep 2018 14:03:54 GMT
Category: Cryptocurrency
5
Gemini Trust Co will launch Gemini dollar One of the best cases for crypto might turn out to be facilitating dollar transactions outside of the traditional financial framework.

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Sun 9 Sep 2018 22:03:25 GMT

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More news for cryptocurrency - US SEC suspends bitcoin tracker

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More news for cryptocurrency - US SEC suspends bitcoin tracker


https://az705044.vo.msecnd.net/20180909/0-bitcoin-chart.png Eamonn Sheridan
Sun 9 Sep 2018 22:03:25 GMT
Category: Cryptocurrency
1
Seccers working overtime  The US Securities and Exchange Commission says it is suspending trading in Bitcoin Tracker One and in Ether Tracker One, Hourly bitcoin prices in the candle chart. Is cleaning up the sector good for BTC or does the announcement effect see the price drop? And does the price just keeping dropping anyway? 

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Thu 6 Sep 2018 21:10:25 GMT

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Goldman Sachs CFO says Bitcoin trading speculation is fake news

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Goldman Sachs CFO says Bitcoin trading speculation is fake news


https://az705044.vo.msecnd.net/20180906/btc-price-chart.png Eamonn Sheridan
Thu 6 Sep 2018 21:10:25 GMT
Category: Cryptocurrency
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Goldman Sachs Chief Financial Officer Martin Chavez on reports the bank is shelving plans to trade cryptocurrency CNBC have the report here for more If he is trying to give the price a boost he may have to try a bit harder.... 

Asset 24 View More
Thu 6 Sep 2018 18:25:53 GMT

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Bitcoin nears the big technical zone of support

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Bitcoin nears the big technical zone of support


//az705044.vo.msecnd.net/20180906/bitcoin-d.png Adam Button
Thu 6 Sep 2018 18:25:53 GMT
Category: Cryptocurrency
3
Bitcoin down 15% in 24 hours Two days of heavy crypto selling have pushed Bitcoin close to the brink of a technical breakdown. Yesterday many of the altcoins -- Ethereum in particular -- broke below the lows of the year in heavy selling. Bitcoin outperformed then but today it's more uniform selling throughout crypto.

Asset 24 View More
Thu 6 Sep 2018 07:03:41 GMT

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Cryptocurrencies are taking it on the chin again today

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Cryptocurrencies are taking it on the chin again today


//az705044.vo.msecnd.net/20180906/6-9-2018-2-49-00-pm.png Justin Low
Thu 6 Sep 2018 07:03:41 GMT
Category: Cryptocurrency
1
A sea of red once again across the crypto score board ForexLive No reprieve for cryptocurrencies for a second straight day as even Bitcoin is being hammered today. While altcoins led losses yesterday, Bitcoin was somewhat shielded as the selling can be attributed to news that .

Asset 24 View More
Wed 5 Sep 2018 17:35:11 GMT

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Cryptocurrencies aren't selling off because of Goldman Sachs

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Cryptocurrencies aren't selling off because of Goldman Sachs


//az705044.vo.msecnd.net/20180905/2018-09-05_13-14-50.png Adam Button
Wed 5 Sep 2018 17:35:11 GMT
Category: Cryptocurrency
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The narrative is wrong The popular narrative today is that a shelving its plans to open a cryptocurrency desk is undermining confidence in cryptocurrencies as an asset class.

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Wed 5 Sep 2018 16:59:19 GMT

Ethereum crumbles below support in 15% drop to lowest since September 2017

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Ethereum crumbles below support in 15% drop to lowest since September 2017


//az705044.vo.msecnd.net/20180905/ethereu.png Adam Button
Wed 5 Sep 2018 16:59:19 GMT
Category: Cryptocurrency
0
Ethereum near a 12-month low Ethereum is crumbling. The second-largest cryptocurrency, which is often used in ICOs, is down nearly 15% today The plunge breaks the August low of $250 and takes it back to where it was last September. It's now down 82% from its highs.

Asset 24 View More
Wed 5 Sep 2018 16:19:43 GMT

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Bitcoin tumbles but keeps above key 100 day MA

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Bitcoin tumbles but keeps above key 100 day MA


//az705044.vo.msecnd.net/20180905/1-2018-09-05_11-56-01.jpg Greg Michalowski
Wed 5 Sep 2018 16:19:43 GMT
Category: Cryptocurrency
3
Down over $350 on the day The price of bitcoin is trading down -$369 on the day at $6989.  The high reached $7384 earlier in the day. The low extended to $6903.

Asset 24 View More
Wed 5 Sep 2018 12:23:25 GMT

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Goldman Sachs shelves plans to build a crypto trading desk - report

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Goldman Sachs shelves plans to build a crypto trading desk - report


//az705044.vo.msecnd.net/20180905/ether.png Adam Button
Wed 5 Sep 2018 12:23:25 GMT
Category: Cryptocurrency
3
Crypto prices skid It's a tough day in cryptos with Ether leading the way lower in a 9.5% swoon. Bitcoin is down 5% to $6985. The latest round of selling comes after Business Insider reports that Goldman Sachs is halting plans to build a crypto desk in part because of a tough and uncertain regulatory landscape. In December, Bloomberg reported that they aimed to have the desk running by June.

Asset 24 View More
Tue 4 Sep 2018 21:11:50 GMT

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China’s largest bitcoin mining company looking to raise up to $1bn (a pre-IPO)

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China’s largest bitcoin mining company looking to raise up to $1bn (a pre-IPO)


https://az705044.vo.msecnd.net/20180904/btc-chart-2018.png Eamonn Sheridan
Tue 4 Sep 2018 21:11:50 GMT
Category: Cryptocurrency
3
Bitmain Technologies is reputed to mine more than half the world's BTC s - The firm is seeking to raise up to $1bn in pre-IPO private funding - also considering an initial public offering The Financial Times , may be gated 

Asset 24 View More
Wed 29 Aug 2018 21:45:33 GMT

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A fresh round of cryptocurrency regulation is on its way from the European Union

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A fresh round of cryptocurrency regulation is on its way from the European Union


https://az705044.vo.msecnd.net/20180130/cryptocurrency-girl-band.png Eamonn Sheridan
Wed 29 Aug 2018 21:45:33 GMT
Category: Cryptocurrency
1
Finance ministers from European Union states will meet on September 7 meeting in Vienna  - On the agenda will be the subject of tightening rules on digital assets That is according to Bloomberg who says they haveseen  a draft note prepared for the meeting 

Asset 24 View More
Tue 28 Aug 2018 16:46:48 GMT

Bitcoin moves above it 100 day MA and trades above $7000

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Bitcoin moves above it 100 day MA and trades above $7000


//az705044.vo.msecnd.net/20180828/2018-08-28_12-27-33.jpg Greg Michalowski
Tue 28 Aug 2018 16:46:48 GMT
Category: Cryptocurrency
0
Moves away from hourly MAs too The price of bitcoin is up about $290 at $7010 currently. The high reached $7088.14.  The low was down at $6711.01 (See post from yesterday .

Asset 24 View More
Mon 27 Aug 2018 17:59:44 GMT

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Bitcoin up on the day and above 100 hour MA. Can it stay above?

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Bitcoin up on the day and above 100 hour MA. Can it stay above?


//az705044.vo.msecnd.net/20180827/2018-08-27_13-37-06.jpg Greg Michalowski
Mon 27 Aug 2018 17:59:44 GMT
Category: Cryptocurrency
3
100 day MA still looms above Looking at the hourly chart of bitcoin on the Coinbase exchange, what sticks out technically, is the price stalled at the 100 hour MA at the lows over the weekend (blue line on the chart below). That MA is currently at $6638.80 (and moving higher).

Asset 24 View More
Mon 27 Aug 2018 13:36:12 GMT

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The bondi is a win for blockchain and crypto

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The bondi is a win for blockchain and crypto


//az705044.vo.msecnd.net/20180827/blockchain.png Adam Button
Mon 27 Aug 2018 13:36:12 GMT
Category: Cryptocurrency
1
World Bank launches Blockchain Operated New Debt Instrument (bond-i) There's something profound about the World Bank being behind a milestone in blockchain technology that

Asset 24 View More
Thu 23 Aug 2018 12:37:07 GMT

Bitcoin up on the day but stays below 100 and 200 hour MAs

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Bitcoin up on the day but stays below 100 and 200 hour MAs


//az705044.vo.msecnd.net/20180823/2018-08-23_8-21-56.jpg Greg Michalowski
Thu 23 Aug 2018 12:37:07 GMT
Category: Cryptocurrency
0
Rally yesterday fizzled The price of bitcoin is higher on the day (up $84 at $6415), but the price has risen to the 100 and 200 hour MAs at $6436 and $6458 and found mostly sellers. It will take a move above to get the buyers more excited (or the potential at least).  

Asset 24 View More
Mon 20 Aug 2018 16:26:55 GMT

Bitcoin is down about $100 on the day. Remains just above the 200 hour MA

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Bitcoin is down about $100 on the day. Remains just above the 200 hour MA


//az705044.vo.msecnd.net/20180820/2018-08-20_12-13-43aaa.jpg Greg Michalowski
Mon 20 Aug 2018 16:26:55 GMT
Category: Cryptocurrency
0
Trades between ceiling above and 200 hour MA below The price of bitcoin on Coinbase moved lower from the weekend highs. The high was reached on Saturday at $6613.23. That was just below the high from last week at $6636  The swing high from August 9th reached $6633.21. So call the $6613 - $6636 as a ceiling now.  Move above would be more bullish going forward.

Asset 24 View More
Sun 19 Aug 2018 20:17:48 GMT

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Weekend - Venezuela to peg currency to the value of its cryptocurrency starting Monday

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Weekend - Venezuela to peg currency to the value of its cryptocurrency starting Monday


https://az705044.vo.msecnd.net/20161005/maduro.png Eamonn Sheridan
Sun 19 Aug 2018 20:17:48 GMT
Category: Cryptocurrency
1
The is an effective devaluation of the bolivar by around 95%. President Maduro also announced: - increase in taxes - higher gasoline prices - a raise of the minimum wage The official devaluation takes the new version of the bolivar to levels roughly in line with the black market rate

Asset 24 View More

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