Market Update 10.14.18 – US Regulator Issues Cease & Desist Order Against 3 ICOs

| Publish date: 10/14/2018
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US Regulator Issues Cease & Desist Order Against 3 ICOs

North Dakota’s securities watchdog is once again planning to take action against ICO projects, all of which are believed to be operating illegally in the state. Karen Tyler, the commissioner of the North Dakota Securities Department, ordered cease and desist orders against at least three companies. The firms are reportedly offering securities in the form of ICOs that are not only unregistered but also fraudulent.

According to the agency, none of the three companies are registered to offer securities in North Dakota. Advertiza, in particular, falsely claimed that it had already filed with the SEC. Life Coin’s website, on the other hand, is operating from a Berlin IP address, which is infamous for “ransomware, Trojans, and identity fraud.”

Read the full report here.

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Tron Believed To Have Found An Ally In China’s Google Baidu

TRON, which is a team of cryptocurrency project, has reportedly partnered with China’s largest Internet Search provider called Baidu. The news came after a tweet from Coinness, which is a crypto market news service, suggesting its private correspondence with the said project’s team.

Apparently, though, neither Baidu nor TRON confirmed the news. Despite not elaborating the details of the alleged partnership, it is said that the deal between the two entities is expected to be “officially” announced next week. The cloud storage service Baidu Cloud is believed to be responsible for the upcoming announcement.

TRON, however, is said to have confirmed the news via the aforementioned correspondence. But as far as the crypto platform is concerned, it has yet to make the news official. The details of the alliance still remain unseen.

Read the full report here.

Coinbase Is Shutting Down Its Crypto Index Fund Product

Coinbase, a crypto exchange, just confirmed its plans of shutting down its very own crypto index fund project. The spokesperson of the firm confirmed the news and said that the shutting down of the said project would commence by the end of this month. Customers are expected to be directed to the recently announced Coinbase Bundle product.

The spokesperson was quoted as saying:

“After assessing demand from retail, accredited and institutional investors, Coinbase has decided to shut down Coinbase Index Fund. We will focus on providing diversified exposure to all investors through Coinbase Bundle.”

Unlike the index fund project, the new open will remain open to all Coinbase customers and does not require any sort of accreditation.

Read the full report here.

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Total Market Cap: October 14

The volume of trade in the crypto market sat at $9.64 billion. The market’s capitalization, on the other hand, reached $203.48 billion.

Bitcoin Price Analysis: October 14

In the past 24 hours, Bitcoin jumped 0.65% to trade at $6,323.67. The leading cryptocurrency’s trade volume trickled to $3.2 billion, while its market slid to $109.53 billion.

Ethereum Price Analysis: October 14

Ethereum’s price jumped 0.85% to trade at $200.74. As for the altcoin’s trading volume, it reached $1.16 billion; whereas its market capitalization hit $20.59 billion.

State of the Top 10 Cryptocurrencies: October 14

In the past 24 hours, some prices went up and others went down. Meanwhile, Monero dethroned TRON at the 10th spot.

  • Bitcoin’s market price jumped 0.65% to $6,323.67, and its value in the market is $109.53 billion.
  • Ethereum’s market price jumped 0.85% to $200.74, and its value in the market is $20.59 billion.
  • XRP’s market price jumped 0.95% to $0.422043, and its value in the market is $16.88 billion.
  • Bitcoin Cash’s market price jumped 0.85% to $449.52, and its value in the market is $7.82 billion.
  • EOS’ market price jumped 0.10% to $5.25, and its value in the market is $4.76 billion.
  • Stellar’s market price jumped 0.40% to $0.217639 and its value in the market is $4.11 billion.
  • Litecoin’s market price fell 0.03% to $53.56, and its value in the market is $3.14 billion.
  • Tether market price fell 0.46% to $0.987525, and its value in the market is $2.67 billion.
  • Cardano market price fell 2.08% to $0.073007, and its value in the market is $1.89 billion.
  • Monero dethroned TRON at the 10th spot, but its market price fell 0.08% to $102.09, and its value in the market is $1.68 billion.
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