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.
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
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
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
Price Analysis: Current upside will be short lived, according to experts
Does the chart look familiar? Smells like 2015
Wall Street is coming,
Constantinople and EIP updates
Look ahead to next month’s Eth hackathon in San Fransisco
Keeping it’s head above water, thanks to partnership with XLM
from the Satis report
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