Highlighting what went right, and what went wrong, in this week’s crypto news analysis.

Slowly slowly catchee monkey. After the blood letting of the last two weeks, it’s good to see the markets making a slow and steady come back. A good reminder that a retracement should not be confused with reversal.

There was no shortage of big news this week: US indictments for investor fraud relating to ICOs, and an actual jail sentence for GAW mining CEO for his 2015 Ponzi scheme; New stable coins were launched by the Winklevoss twins; A new blockchain lobby group was established by some of the biggest names in the business, including Coinbase, Polychain Capital, and Circle; And an anonymous source at Morgan Stanley confirmed they will soon be offering crypto derivatives, allowing their clients to long/short cryptocurrencies without owning the actual asset.

Below we have our weekly roundup of industry and coin specific news. If you’d like to get in touch with us about any of our products or services, we look forward to hearing from you. Just send us a note.

Latest Industry News

Stable, for now, coins

  • Two new coins have emerged to rival tether in a USD backed crypto alternative

  • Having the backing of a NY regulator improves their outlook, somewhat

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Bitcoin swap trading

  • Sources inside Morgan Stanley say they are ready to start offering BTC derivatives

  • Citigroup is also said to be developing digital asset receipts as a trading mechanism for crypto

Read More

Prison for ponzi scheme

  • CEO of GAW Miners, Homero Garza was given 21 months in prison for his 2015 Ponzi scheme PayCoin

  • He will also be forced to pay $9.2m in restitution to investors and serve 6mo home detention

Read More

Latest Coin News

BTC

ETH

XRP

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