Day: September 27, 2018
Business

Ethereum Will ‘Rally Strongly’ up to $1,900 by the End of 2019

[ad_1] Major altcoin Ethereum (ETH) is about to see a “trend reversal and rally strongly” up to $1,900 per token by the end of 2019, according to Fundstrat head of research Tom Lee, as Bloomberg reported September 27.In a note to clients of Fundstrat Global Advisors, Lee noted the “overly negative” sentiment on the Ethereum market, which he says will be a basis for its strong rebound in the near
Read More
Business

Swiss-Based Asset Management Firm to Introduce Metals-Backed Cryptocurrency

[ad_1] Switzerland-based asset management company Tiberius Group AG is going to introduce a cryptocurrency backed by metals, Bloomberg reported September 27. Founded in 2005 as a commodities asset management firm, Tiberius Group manages around $350 million in assets.The company will issue a blockchain-powered Tiberius Coin, the value of which will be tied to the price of copper, aluminum, nickel, cobalt, tin, gold and platinum. Giuseppe Rapallo, CEO at Tiberius Technology
Read More
Business

US House Passes Bill for Task Force to Combat Crypto Use by Terrorists

[ad_1] The U.S. House of Representatives passed a bill on September 26 that would establish a crypto task force to combat terrorist use of cryptocurrencies, public records indicate.House Resolution (H.R.) 5036, which represents an amended version of the bill proposed by Rep. Ted Budd (R-NC) to the Committee on Financial Services in January, establishes an “Independent Financial Technology Task Force” to fight the illicit use of cryptocurrency.According to public records
Read More
Business

US SEC Files Charges Against Bitcoin-Backed Securities Dealer

[ad_1] The U.S. Securities and Exchange Commission (SEC) has filed charges against international securities dealer 1pool Ltd., which was offering Bitcoin-funded security-based swaps, according to an SEC announcement published September 27.Per the SEC, the case involves the Marshall Islands-based corporation 1pool Ltd., which provides cryptocurrency-related services and stands behind 1broker.com, and its Austria-based CEO Patrick Brunner. The complaint alleges that the parties violated federal securities laws in connection with security-based
Read More
ALTCOIN

Crypto Markets Continue Rise With Market Cap Reaching Over $220 Billion

[ad_1] Thursday, September 27: crypto markets continue to rise as the crypto and blockchain industry is seeing some support from governmental and institutional entities. Following a sell-off that started on September 24, crypto markets are seeing the second day of a rebound, with daily trade volume now amounting to more than $16 billion.All but two top 20 cryptocurrencies by market capitalization have seen firm growth over the past 24 hours,
Read More
Business

Gold-Based Monetary System to Bring Price Stability to Crypto, Preventing Value Decrease

[ad_1] Gold-based monetary system Kinesis aims to bring price stability to the world of cryptocurrency and to prevent the decrease of its value. The company says it has already attracted interest from key players in the gold industry, which is estimated at $6.8 trillion only on London’s gold market (70 percent of the global trading volume).After the gold standard that once defined the value of currencies was abandoned in the
Read More