Coin Sheet - October 30, 2017


QUOTE OF THE DAY

He who slings mud generally loses ground.” 

—Adlai E. Stevenson II.


COIN BULLETIN

SEC Details Enforcement Objectives of New Cyber Unit

Bitcoin News reports that the co-director of the United States Securities and Exchanges Commission (SEC)’s Division of Enforcement, Stephanie Avakian, has outlined the mission and enforcement aims of the regulator’s recently formed Cyber Unit and Retail Strategy Task Force.

Looks like the Retail Strategy Task Force “will not generally be responsible for conducting investigations."

So what will they be doing? No, that's a serious question, I just read the article and all I got was a bunch of buzz words about related to protecting retail investors.

Check out the article here.

Japan’s Financial Authority Clarifies Stance on Initial Coin Offerings

The Japanese Financial Services Agency (FSA) has issued a statement regarding initial coin offerings (ICOs) and dicussed how two existing laws may apply to token sales.

The first risk outlines by Japan's FSA concerns price volatility, and the second risk being “potential for fraud.”

Bitcoin News reports that the FSA warned that goods and services outlined in ICOs’ whitepapers may not be realized, adding that:

"You should have a deal [invest] at your own risk only after understanding enough the risks above and the content of an ICO project if you buy a token. You should also pay careful attention to suspicious solicitation of ICOs."

I really like the FSA warnings and may have to use them myself in the future.

You can read more about this here.


Vietnamese Central Bank Bans Cryptocurrencies

It looks like Vietnam’s central bank has declared the use of digital currencies in the country as illegal. The central bank also announced that it will impose a fine on anyone caught utilizing the cryptocurrencies starting early 2018.

Well...good luck with that.

You can read more about this here.

What Else Is Going On?

  • Fake news about Vitalik Buterin advising Catalonia.
  • Sony seeks blockchain patent for user authentication system.
  • Ron Paul says US government should 'stay out' of bitcoin.

THINGS I LIKE

I Scam Yous

A nice short read by Fred Wilson.

TL:DR - Fred read a Nathaniel Popper piece in the NY Times today about celebrities endorsing ICOs and it made him want to throw up.

Check out his article here.


MARKET SENTIMENT

Technical Signals
 

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My Current Sentiment: Bullish.

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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