US Regulator Issues Cease and Desist Orders Against Three Crypto Promoters

North Dakota Securities Commissioner Karen Tyler has issued cease and desist orders against three firms for allegedly offering unregistered and fraudulent securities in the form of Initial Coin Offerings (ICOs), according to an announcement published Oct. 11. The companies at the center of the orders are Crystal Token, Advertiza Holdings (Pty) Ltd., and Life Cross Coin a/k/a LifecrosscoinGmbH. Per the statement, Crystal Token (CYL) is an “evolutionary multi-utility” ERC-20 token, that promises earnings up to two percent per day. The token’s website allegedly contains fraudulent claims of “excessive unsubstantiated” rates…

Former Economic Adviser to US President Trump Joins Blockchain Startup Board

Gary Cohn — former chief economic adviser to U.S. Pres. Donald Trump — has joined the board of advisers of blockchain-related tech company Spring Labs, according to a press release published, Oct. 12. In addition to serving in the Trump administration, Cohn has previously worked as COO of American banking giant Goldman Sachs, and most recently served as a director of the U.S. National Economic Council. In the release, Cohn states that he has been “very interested in blockchain technology for a number of years.” Working as Donald Trump’s chief…

Ex-Goldman Sachs President Gary Cohn Joins Blockchain Startup

The blockchain space became a little stronger today as former Goldman Sachs president Gary Cohn announced that he had joined the advisory board of distributed ledger technology (DLT) startup Spring Labs. Former Trump Advisor Joins Blockchain Startup In addition to his former position at Goldman Sachs, Cohn also worked in the White House as President Trump‘s top economic aides. Cohn left his position as director of the National Economic Council back in March of this year when he could not agree to President Trump’s steel and aluminum tariff plans. Fintech startup Spring…

Prime Suspect in $24 Million Bitcoin Scam Arrested in Thailand

Thai citizen Prinya Jaravijit, who allegedly defrauded a Finnish investor of $24 Million worth of Bitcoin (BTC), has recently been detained in Suvarnabhumi Airport in Bangkok, the Bangkok Post reports Friday, Oct. 12. According to newspaper, Jaravijit arrived in Bangkok on a flight from South Korea en route from the U.S., where he allegedly spent two months after his brother’s detention in connection with the same crime. Shortly after the arrest Jaravijit, who was wanted on charges of conspiracy to defraud and money laundering, was delivered to local police where…

Cryptocurrency Market Sentiment is Looking up: Huobi Research

Bitcoin’s recent sell-off notwithstanding, cryptocurrency investors are beginning to grow more optimistic about the market’s short-term direction. That’s according to the latest Market Sentiment Index Report from Huobi Research, which identified a slight uptick in investor optimism over the previous month. Released on Friday, the September report is based on from survey data compiled from Sept. 25 to Sept. 30 from 552 retail and institutional investors in 23 countries. Overall market sentiment clocked in at 71.1 points out of a maximum of 100, representing a 2.17 percent increase over August.…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, October 12

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. In 2017, Bitcoin (BTC) was being projected as an alternative to gold. Many believed that with its unique properties, the leading digital currency would replace the precious metal as a preferred choice of investment when the markets enter a risky environment. However, during…

Ex-Coinbase Executive Adam White Joins ICE’s Crypto Platform Bakkt, Sources Say

Former head of institutional platform group at Coinbase crypto exchange Adam White is reportedly joining Intercontinental Exchange’s (ICE) platform Bakkt. ICE’s new hire was revealed by anonymous sources familiar with the matter cited by news outlet The Block on Oct. 12. White left Coinbase in early October, declining to comment on his decision. However, a spokesperson of Coinbase then said that the company was “extremely sad to see him go.” As per The Block’s source, Bakkt has now hired White as its Chief Operating Officer. The crypto trading platform Bakkt…

North Dakota Securities Regulator Issues Cease and Desists Against 3 ICOs

North Dakota’s securities watchdog is again taking action against ICO projects it alleges are operating illegally in the state. On Thursday, Karen Tyler, commissioner of the North Dakota Securities Department, issued cease and desist orders against three companies for offering “unregistered and potentially fraudulent securities in the form of ICOs.” The regulator alleged in a news release that the companies – Crystal Token, Life Cross Coin and Advertiza Holdings – had placed fraudulent statements on their websites with claims of excessively high returns, insufficient disclosures and misrepresentation of facts. The agency said…

BTC/USD in Weak Upside Correction

The Bitcoin-to-USD exchange rate has posted slight gains in the Friday session. Currently, the pair is trading above 6300-fiat, up +1.55 percent on the day. The weak upside correction comes after the mainstream stocks underperformed second-day in a row. Nevertheless, the lower market volatility suggests that the Bitcoin correction is only a minor adjustment in price within an overall downtrend. The weekend break in the mainstream market could allow some speculators to switch to crypto’s 24/7 open bazaar, and improve intraday volume. BTC/USD Technical Analysis The prevailing bearish bias indicates…

Auction House Christie’s Trials Blockchain Data Recording in New Partnership

Christie’s, the auction house with a history going back over 250 years, has announced a pilot scheme to use blockchain for auction data. The result of a partnership with blockchain art startup Artory that was revealed Thursday, Oct. 11, the Christie’s will use the technology to provide details and certificates of purchases to buyers. The plans, it says, were “timed to coincide” with the upcoming $300 million sale of U.S. modernist art in London and Los Angeles this month. Explaining the impetus behind the scheme, Christie’s CIO Richard Entrup said…