Home Crypto Daily Recap Daily Crypto Roundup 9/27/2018

Daily Crypto Roundup 9/27/2018

[mkdf_dropcaps type=”normal” color=”” background_color=””]T[/mkdf_dropcaps]hings are heating up in crypto, as quarter 4 is just around the corner. Exchange problems, regulation, predictions – it’s all stirring the pot, leading to an eventual market move to the next trend. Here’s todays action in a nutshell:

US Lawmakers Move Forward On Crypto Task Force Proposal

As part of a new bill, United States Congress will begin to look into new technologies (including crypto), seeking to weed out any crime usage. It’s also mentioned that individuals/entities would be rewarded for providing convicting information on crypto usage in relation to terrorist activity.
Read on CoinDesk

US Judge Sides With CFTC In Fraud Case, Ruling Cryptos Are Commodities

In a recent lawsuit, the involved cryptocurrencies were ruled as commodities, as it related to the case (alleged fraudulent crypto investment scheme). CoinDesk also reports that there was a similar case ruling in March. This may be a breath of fresh air from the regular “Cryptocurrencies are securities” talk, as well as occasional frustrating comments from the SEC.

Read on CoinDesk

Tom Lee: Ethereum Will ‘Rally Strongly’ Up To $1,900 By The End Of 2019

Fundstrat Global Advisors co-founder Tom Lee made a bold prediction about ETH today, with a price tag of $1,900 by the end of 2019. Lee has his sights set on a strong bounce back for ETH, based on the current market sentiment that he describes as “overly negative”. Lee points out past ETH price action and results, with regard to related standard deviation.

Read on CoinTelegraph

Swiss-Based Asset Management Firm To Introduce Metals-Backed Cryptocurrency

A company called Tiberius Group AG is reportedly working on a crypto that’s backed by valuable metals, including gold, platinum, tin, and nickel, among others. Tiberius Coin, as it will be called, will derive its value based on the underlying metals.

Read on CoinTelegraph

1Broker Trading Site Seizure By FBI Likely To Affect Sister Site 1Fox

Popular stock and forex trading site 1Broker was seized by the FBI today, with investigation to follow. Claims include willful operation as an unregistered broker/dealer of securities, and wire fraud, to name just two. Sister site 1Fox will likely also be affected in the days to come, as users are already seeing issues with fund withdrawal.

Read on CryptoInsider

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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