A federal court has ordered ICOBox to pay a $16 million penalty to the Securities and Exchange Commission’s (SEC) for violating U.S. securities law.
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XRP Reclaims Downtrend Line After False Breakout, What’s Next?
XRP has continuously struggled for the last two years, unable to break free from downtrend resistance and recover any lost gains from the asset’s previous peak. But the altcoin commonly called Ripple has recently reclaimed the downtrend line from all-time high, after a false breakout and subsequent collapse. now that the important level has been reclaimed, what’s next for the number three cryptocurrency by market cap? XRP Reclaims Downtrend Line, Following Record Market Collapse XRP has been among the worst-performing altcoins over the last two years of a bear market. After the asset reached an all-time high in December 2017 at over $3.50, Ripple fell over 90% to just ten cents at the low this past month, following a major panic-driven selloff. Prior to the collapse, XRP had broken out from a down trend line stemming from all-time high that’s acted as resistance throughout the bear market. Related Reading | Ripple Poised to Triple By Q4 2020 After XRP Forms Classic Bottom The breakout was harshly rejected by the coronavirus fears spiraling out of control, causing the asset to drop…
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What Will Bitcoin’s Price Look Like in 2020?
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This “Ugly” Technical Formation Could Spell Doom for Ethereum Bears
Ethereum, like Bitcoin and most other major altcoins, has been firmly caught in a consolidation phase over the past few days and weeks, which has led it to stabilize around $130 as bulls and bears both attempt to take control of the cryptocurrency. One analyst is noting that there are a couple technical formations that could allow the cryptocurrency to rally higher in the days ahead, with one of these formations potentially allowing it to bust through a key resistance region. It is possible that this bullishness will be invalidated if Bitcoin is unable to stabilize or climb higher in the near-term. Ethereum Enters Bout of Range Bound Trading as Market Consolidates At the time of writing, Ethereum is trading down just under 3% at its current price of $129, which marks a decline from daily highs of nearly $136, and only a slight climb from lows of $126 that were set earlier this morning. ETH appears to be closely tracking Bitcoin in the near-term, with the benchmark cryptocurrency currently trading sideways around $6,000. Because the entire crypto market is…
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Bitmain Begins Expansion into South America
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Indian Crypto Boom: Exchanges See 10X Trading Volumes During Lockdown
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How to Seize What Might Be Unprecedented Crypto Buying Opportunity
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Reach Story Is All Wrong
Halo: Reach has been re-released on Xbox One and PC today. Fans of the game are celebrating it all over the internet. As much fun as the game is, the story still just feels slightly wrong. Halo: Reach is back. One of the more popular titles in the Halo franchise has made a return to Xbox and is now available on PC for the first time. Many people are obviously excited about this, myself included. It means we have access to Forge World and Firefight again for a start. Although Halo: Reach is a fantastic game, it does have one element that doesn’t quite sit right: the story. Not that the story is bad, but it sort of completely ignores the already excellent story that was in place for Reach. Allow me to explain. Halo: The Fall of Reach Game novelizations don’t necessarily have a good reputation. Some of them are pretty good, but they mostly fall into the category of poorly put together cash-ins. One exception to that rule is Halo: The Fall of Reach. It was the first…
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How A Decline Below $8k Would Put Bitcoin (BTC) In Serious Trouble
Bitcoin (BTC) made a remarkable move to the upside recently defying a mounting bearish pressure. We witnessed a large number of bearish positions being liquidated on margin and futures exchanges during the recent run up. However, we are now seeing a slow down as BTC/USD has broken the patten of higher highs and higher lows within the rising wedge it has been trading in. This has now increased the probability of a decline below $8k. However, a decline below $8k this time would also mean a break to the downside out of the rising wedge which has the potential to trigger a major downtrend. The $7,231 level would be a strong support level for the bears to break but we have seen Bitcoin (BTC) shoot past key S/R levels in the recent past without much resistance. It all comes down to which way the big players want the price to move based on opportunities of liquidations. When the price recently broke past the $7.5k level, it kept on surging higher without any signs of a slow down to run as…
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SEC Implicates Former Washington Senator in ICO Scam
Mar 22, 2020 at 11:52 // News The US securities and exchange commission recently revealed that it charged a former Washington State Senator in Federal court with having links to fraudulent ICO Meta 1 Coin Finance Magnates news outlet reported that the former Senator was charged alongside two other men for defrauding investors of close to $5 million in their Meta 1 Coin ICO Scam. SEC further revealed that the victims are not only US residents but also people living abroad who participated online. According to the financial regulator, Dave Schmidt didn’t work alone. There are another two men involved in this scheme, Robert Dunlap and Nicole Bowdler. According to American law, the trio faces up to 20 years in prison and a $1 million fine once convicted. Additionally, the SEC may charge a $250k fine on each of them plus a 5-year jail term for selling unregulated securities. Meta 1 Coin claimed that their business is backed by $1 billion worth art collection and $2 billion in gold. That has probably looked reliable enough for investors to take part…
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Dow Futures Surge Marginally on Monday in Stock Market Rally
The Dow Jones Industrial Average (DJIA) futures, as well as the Nasdaq futures and the S&P 500 futures, are moving higher thanks to a number of factors. On account of the United States celebrating President’s Day, the stock market trading remains closed. However, the after-hour trading sessions are still live as major indices surge to continue the market rally further. Today, following the Nasdaq futures and the S&P 500 futures, the Dow Jones futures also showed a modest rise. Currently, all three indices are trading at their record-high valuations as market optimism seems to be at its peak. However, an interesting trend observed is that with markets making record highs, the retirement accounts are booming as well. A new report by Fidelity shows that the number of retirement accounts with over $1 million has hit a new record last quarter. As per Fidelity, it is currently managing over 441,000 retirement accounts with over $1 million. this is 1.6% of the total retirement accounts managed by the financial giant. The Fidelity report notes: “The average 401(k) balance rose to $112,300, a…
