Coin Sheet - October 5, 2017


QUOTE OF THE DAY

I don’t feel threatened by people who ask questions. It’s those who refuse to answer them that frighten me.” 

—Jason Bacchetta


COIN BULLETIN

SEC Chair 'Optimistic' On Efforts To Catch ICO Bad Guys

The House Financial Services Committee (a group of US congress folks) had a session dedicated to the Securities and Exchange Commission (SEC) and chairman Jay Clayton was asked about his position on ICOs. He said the following:

I’m cautiously optimistic about the division’s enforcement of this. They know this is a ripe area for pump-and-dump. Pump-and-dump – it’s actually easier here than it is in the penny stock area, because it’s all electronic, it’s all anonymous, [and] it’s harder to catch the bad guys at the end of the day.

You can read more about this here.

Justice: GAW Miners CEO Held Liable

In the SEC's civil case, Garza has been held liable for $9,182,000, an amount that the court order said will be "deemed satisfied by the order of restitution that will be entered against him when he is sentenced in the related criminal case."

The history behind what happened was this. GAW Miners used to offer those shady hosted mining services. Then the folks at GAW Miners decided to transition to the "cloud mining" business.

A cloud mining business is where customers can purchase hash power generated by hardware owned by the miner. The problem here is that GAW didn't actually possess as much hash power as it sold.

TL;DR - GAW Miners were shady AF and the SEC was like "yeah...you're gunna have to pay up $9,182,000."

Source


THINGS I LIKE

Poor Richard’s Guide To Cryptocurrency

Noah Jessop summarizes Ben Franklin's financial advice, in crypto lingo.

If you don't already know, Ben Franklin was an OG.

Read his article here.

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Blockchain: Understanding The Hype

Here is a nice little article that discusses how folks across a few different industries look at Blockchain, and that can be potentially useful for them.

You can read the article here.


MARKET SENTIMENT

Technical Signals

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My Current Sentiment: Neutral

 

Daily Number Indicator

Bitcoin

This is a number indicator is used for identifying trends, measuring momentum and spotting areas of price exhaustion. Read more here.

This is a number indicator is used for identifying trends, measuring momentum and spotting areas of price exhaustion. Read more here.

Ethereum

This is a number indicator is used for identifying trends, measuring momentum and spotting areas of price exhaustion. Read more here.

This is a number indicator is used for identifying trends, measuring momentum and spotting areas of price exhaustion. Read more here.

Litecoin

This is a number indicator is used for identifying trends, measuring momentum and spotting areas of price exhaustion. Read more here.

This is a number indicator is used for identifying trends, measuring momentum and spotting areas of price exhaustion. Read more here.


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