Chief of Allianz Global Investors Asks Regulators to Introduce Crypto Ban
Citing the huge losses incurred by crypto investors amidst this year’s market crash, the Allianz chief asked the global regulator to take strict action against crypto assets.
This news section spotlights emerging altcoins, project updates, tokenomics changes and ecosystem developments driving innovation in DeFi, Web3 and digital assets. Keep track of the next wave of digital currencies before they make headlines—and gain insights that matter in the altcoin sector.
Citing the huge losses incurred by crypto investors amidst this year’s market crash, the Allianz chief asked the global regulator to take strict action against crypto assets.
Geth, the standalone client version of Go Ethereum, has been updated such that it supports the changes needed for the Constantinople upgrade planned by Ethereum core developers to take place in January 2019.
Basis, a stablecoin project, that raised $133 million this April, is shutting down its operation and returning money to investors.
Coinbase decided to use 12 Days of Christmas promotion as their opportunity to help those in need and support GiveCrypto.org’s pioneering work. The $10,000 ZEC donation will support GiveCrypto.org’s project in Venezuela.
For operating a fraudulent Initial Coin Offering, former AriseBank executives have to pay nearly $2.7 million in fines and are prohibited from serving as officers of public companies or engaging in offerings of digital securities.
Now elderly people in Venezuela will get their monthly pensions in the Petro, despite the fact that it still can’t be used.
The deputies suggest that the government should follow the example of the private sector. Moreover, a central bank, such as the Bank of France or the European Central Bank, should consider issuing digital currencies.
A breakdown at the demand level of $0.09 may be a short position with good candle pattern as confirmation for entries. Traders are advised to be patient before taking any position.
The former CEO of bitcoin exchange Mt. Gox is now facing a decade jail term, as prosecutors claim he transferred millions of clients’ funds to his personal account.
“Double bottom” pattern was formed as it is clearly seen on the chart which indicates that BSV price may hit $92 price level in which if the level is broken the coin may have its high at $96 price level.
South Korea’s lawmakers, high-ranking government officials, and major exchanges meet officially for the first time. The crypto debate is considered a success with several major outcomes.
In order to improve the commission’s understanding of Ethereum and its underlying technology, the CFTC has announced its intention to publish a respective Request for Information (RFI) with the Federal Register.
Crypto exchange platform Gemini has finally introduced its mobile app that will facilitate crypto trading for users of Android and iOS devices.
Coinone Transfer has launched its remittance app called Cross which will use Ripple’s xCurrent to ensure speedy cross-border payments.
The demand level of $0.25 may be the bears’ target. In case the demand level of $0.25 holds and the XRP price bounce, an upward trend may be experienced with $0.38 – $0.43 as its target.