Home Crypto Daily Recap Daily Crypto Roundup 11/16/2018

Daily Crypto Roundup 11/16/2018

As the dust settles from yesterday’s Bitcoin Cash fork, EOS sees decentralization issues, a possible bounce for Bitcoin, big inflatable Bitcoin rat protesting, further SEC ICO rulings, and the use of cryptocurrencies in Venezuela. Catch up on today’s news details.

EOS Stolen Funds Arbitration Ruling Scoffs At Decentralization

EOS has seen significant attention during many points this year. EOS looked to provide a decentralized scalable option. Although EOS’ true decentralization has been up for debate.

The project has recently received attention for EOS arbitration.

“At the discretion of an entity known as the EOSIS Core Arbitration Forum (ECAF), transactions can be reversed on the chain, and accounts can be forcibly confiscated if wrongdoing or unethical behavior is determined to have taken place”, explained Crypto Insider.

Events have recently taken place regarding this arbitration, leading to questions about the EOS system’s effectiveness. Arguments against EOS include censorship and absence of immutability.

Read on Crypto Insider

Bitcoin Charts Suggest Price Bounce May Be Coming

Bitcoin has dropped significantly over the past few days. CoinDesk reports Bitcoin at a price of $5,188 on Thursday, followed by a slight bounce to $5,580.

CoinDesk mentions the presence of a long-tailed doji daily candle, indicating market uncertainty. This particular candle’s occurrence after such a sell-off could show sellers losing strength.

Read on CoinDesk 

The Giant Bitcoin Rat Is Back And This Time It’s After Alan Greenspan

Nelson Saiers, artist and former hedge fund manager, intends to set up his massive inflatable Bitcoin rat again, in another effort of protest.

In the next several days, Saiers looks to place his rodent in Washington DC, a few blocks from the Eccles Building near Capitol Hill.

CoinDesk explains the reason for the location. It’s close to “where Alan Greenspan, the Federal Reserve chairman from 1987 to 2006, testified in 2008 that during his time at the central bank he had made a “mistake”.

Read on CoinDesk

US SEC Levies ‘First’ Civil Penalties Against Two ICOs For ‘Unregistered’ Securities

The ICO regulatory clarity and news continues. News recently came in about two ICOs seeing heat because they didn’t register their asset sales – even after last years SEC warnings on such matters in July.

The SEC recently came to terms with Paragon Coin Inc., and CarrierEQ Inc. (Airfox).

Penalties mentioned refer to   “$250,000 penalties against each company and include undertakings to compensate harmed investors who purchased tokens in the illegal offerings” as well as a few other required actions, according to the SEC press release.

Read on CoinTelegraph

The ‘Wal-Mart Of Venezuela Has Started Accepting Bitcoin

Venezuela has seen numerous headlines this year from its shockingly high inflation. This predicament has led to an increased interest in cryptocurrency options.

Bitcoinist recently reported the acceptance of Bitcoin at one of Venezuela’s department stores.

TRAKI is the name of said store, which allegedly accepts Bitcoin, Litecoin, Ethereum, DASH, and Bitcoin Cash.

Read on Bitcoinist

 

The above is to be considered opinion and not investment advice in any way, as an unbiased media, no one interferes with the Editorial content of CryptoInsider.com, writers have freedom to choose their own direction, members of Crypto Insider do not participate in trades based on content.

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BTC: 1HozPdTTJahPigLXwMShErhubZLobBhFPL
ETH: 0xDf4d2529D777a80717E85Ed2269830ad6265951B
LTC: LMT3LCbCSvActkVo4dgzbHjn1HPrCgKch2
BCH: 17sFsLgZq9jibtqi5Bo5SiUcCD4TG8RQwE

Benjamin Pirus
Benjamin Pirus
BJ is a full time writer, editor, and trader in the cryptocurrency space. He has written many professional articles for numerous ICOs, news sites, and other interested parties in the crypto space. He is also a trader, staying up to date with the crypto markets constantly, and dabbling in traditional financial market trading occasionally.

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