📰 Sep 11 2018: OKEx founder was taken by Chinese police to give an evidence, Russian Central Bank completed its first ICO, experts expect the end of ETH sell-offs; more news
📌 Founder of the OKEx was taken by Chinese police in connection with fraud investigation
Star Xu, founder of the OKEx and OKCoin gives evidence of a fraudulent crypto project, which was active in China. Not arrested, but may probably has a connection with scams (details unconfirmed)
Update: this case is still unclear.
Users of the community were noticeably agitated when the Shanghai Police detained the founder of the OKCoin/OKex exchanges, Star Xu.
According to information received from a number of informants close to the exchange and Xu himself, co-founder could be presumably involved in fraudulent activity, namely in the WFEE launching, operating or promoting. This company has repeatedly received complaints from Chinese investors, who apparently redirected case to the police.
Update: Star Xu of OKEX was released from Shanghai police at 9:30pm https://t.co/aieEE4m3Zp
cnLedger [Not giving away ETH] (@cnLedger) September 11, 2018
Later, it became known that Star Xu has left the police office. The site of the project itself says that the goal of Wfee (WFEE) is the creation of a «highly efficient, transparent, open and self-regulating blockchain across the world».
📌 The first regulated Bitcoin fund is now available in Canada
Canadian investors can now deposit Bitcoins in tax-beneficial bank accounts (TFSA) and pension accounts (RRSP)
The Canadian Bitcoin-fund "First Block Capital" announced the receiving of a license for its Bitcoin Trust, which makes it possible for accredited investors to store cryptocurrency on RRSP (Registered Retirement Savings Plan) and TFSA (Tax-Free Savings Account) accounts. This option also implies non-physical ownership of digital assets, expressed in the Trust's share.
“Our goal is to make investments in the digital currency asset class more accessible and we are one step closer to achieving this goal by allowing unit holders to place units in government sponsored tax efficient vehicles, and by providing daily liquidity through NEO Connect, a fund distribution platform with a rapidly growing dealer network.”
quote: Marc van der Chijs, Co-founder/Chief Investment Officer of First Block
This organization was confirmed by the local SEC of Canada, so to put fund units on the account is not a problem. But, at the same time, it is impossible to know directly how many investors, working only on RRSP and TSFA plans wound buy non-physical Bitcoin.
📌 Russian Central Bank completed the first ICO: "technically it's OK, but the law issues are still questionable"
According to the representatives of the project, the campaign organized by Russia's first bank has already been completed. But what is that, actually?
This news is still not fully disclosed, so only the main information about this got into the local media. And so, the Central Bank of Russia, which is the main bank of the first level (1), has successfully passed the first private Initial Coin Offering (ICO) on the basis of its own testing platform ("sandbox").
The regulatory sandbox was launched in Russia in April 2018, to provide an experimental space for crypto, fintech and other processes that must be tested or determined at the legal, technical and other levels.
As Ivan Semagin, the deputy director of the Development Department for the Financial Markets said, technically, the ICO process has been successful, however, legal issues of token sales still remain to be. It is also not clear whether the results of the experiment will be a positive factor for ICO fully legitimizing, or not.
Also, we meet with the standard division between financial assets and technologies, when regulators can be generally neutral to modern solutions, but they wouldn't allow the independent issuing of assets. There are no prohibitive measures on the territory of the country in the ICO area, however, the regulation process itself remains not completely unambiguous).
Learn more: South Korean banks will monitor if the Kimchi Premium appears again on the crypto-currency markets.
📌 Nasdaq will provide a service for crypto forecasts based on its own Analytics Hub
What can make crypto-forecasts the most accurate? Perhaps new advanced tools by Nasdaq will help monitor the prices of crypto assets
Cryptocurrency prices forecasts is one of the most popular products on this market. On the one hand, the assumptions about the growth/fall of Bitcoin and other currencies are sold by the media, on the other, many people are not averse to earn money, being an expert or just a crypto scammer. In any case, the forecast is the final result of the analytical process.
How accurate it will be possible to predict the price of Bitcoin for a month, a day or several hours depends, among other things, on the use of various instruments.
This can be not only technical analysis but also various techniques, such as data accumulation and model building. It is planned that the new service from Nasdaq will use machine learning and natural language processing capabilities. However, the new software will also collect data from social networks and other sources.
Is it useful? Probably, to some extent. In any case, the option will be available only for institutional investors. The service will open in November, but the launch process itself is not yet fully confirmed.
According to various sources, the first version of this platform will study information of about 500 crypto assets and will rely on data from 3 channels: crypto wallets, exchanges and social networks.
📌 Experts expect the closure of ETH sell-off: will Ethereum recover?
The 2nd cryptocurrency by market capitalisation is close to going below $190. Will this be a turning point for Ethereum, given the amount of already sold tokens?
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As for the market in general, Bitcoin fell below $6,300, and Ethereum price is down to a minimum of the year. These values are true bearish, and it is unlikely that this will change in the near future. At the same time, there is still where to fall: for ETH, for example, this drop may be even deeper.
Companies that did an ICO before the price boom of 4Q17 are sitting on massive reserves that could potentially fuel development teams for years to come.
Not only is that more than the company originally raised, but it’s more than their whole network is currently valued on secondary markets. And they’re not the only ones._
Source: Diar.co_
Ethereum experienced a significant increase during March-April 2017. Back in the past, its price jumped from $10 to $54. Does this mean that the price of the token will return to its start value? In fact, the negative effect of ICO sell-offs can only strengthen this effect.
💰Market Cap: $191 135 124 166
💵24h Vol: $11 035 662 529
📊 Prices TOP 11.09.2018
↗️↘️Bitcoin: $6 299
↗️↘️ETH: $183
↗️↘️XRP: $0,258548
↗️↘️BCH: $447,92
↗️↘️EOS: $4,85
↗️↘️XLM: $0,188175
↗️↘️LTC: $52,30
↗️↘️USDT: $1,01
↗️↘️ADA: $0,068302
↗️↘️MONERO: $103,56
