Coin Sheet - September 29, 2017


QUOTE OF THE DAY

It's not what you look at that matters, it's what you see.” 

—Henry David Thoreau


COIN BULLETIN

South Korea Bans Margin Trading And ICOs

So South Korea forbid ICOs that are based in Korea. Foreign ICOs will go as normal.

Redditor logosobscura does a good job at explaining:

What South Korea is saying is basically the same as the US, Australia, Canada and the UK. If the primary purpose of the Coin is to function as a security- as in it has no utility beyond speculative value, or acts for all intents and purposes as a stock - then it's a security, and securities are regulated and must be registered. Koreans investing in not regulated securities are not protected by the laws nor given the appropriate tax relief.

Like I said yesterday, just a responsible government trying to protect it's people.

TL:DR - South Korea has only banned Korean ICOs. This is not the same as China's full ban on trading within exchanges. Folks in South Korea will continue to trade while proper cryptocurrency regulations are being considered by the government.

To be honest, kinda bullish news.

Source

Japan Gives Official Endorsement To 11 Cryptocurrency Exchanges

While all this Korean FUD action is going on:

Japan’s Financial Services Agency said on Friday it has approved 11 companies as operators of cryptocurrency exchanges, in a move that sets the country apart from its neighbors which are tightening their grip on virtual money.

Hey Japan,

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You can read more about this here.


THINGS I LIKE

How To Store Your Bitcoin

Michael Flaxman teaches you how to properly store your Bitcoin.

You can read 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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