regulation

SEC Freezes AriseBank’s ICO, Bitfinex and Tether under CFTC Spotlight

Bitcoin has seen volatility erupt and has seen fast market conditions as support comes into view. The CFTC also has begun to act against Tether and Bitfinex and has apparently subpoenaed Tether.

SEC Moves against AriseBank Claiming Fraud, 600 Million in USD Frozen

Initial Coin Offerings continue to prove they are the Wild West of investing. The Securities Exchange Commission in the U.S yesterday filed an injunction to freeze AriseBank’s ICO, which the agency claims are illegal. AriseBank has had nearly 600 million in U.S Dollars frozen. The SEC says in its lawsuit, AriseBank’s claims about have partnered with Visa and being FDIC insured are fraudulent.

Bitcoin Volatility Testing Speculative Sentiment, Support Level Nearby

Bitcoin’s volatility is escalating again. The cryptocurrency is near 10,100 U.S Dollars per coin and has experienced fast market conditions. Key support appears to be around the 9000.00 level, and resistance has proven tough near 12,000 U.S Dollars. South Korea cracking down on anonymous traders, and U.S government regulatory action yesterday has apparently created nervous sentiment among speculators.

BTC/USD 4H Chart
BTC/USD 4H Chart

Bitfinex and Tether under CFTC Spotlight, Banking & Trading Examined

News which is still developing and adding to market worries have been growing reports about Bitfinex and Tether. Which are now under investigation via the Commodities Futures Trading Commission in the States, regarding fraudulent banking practice claims. An examination is underway regarding the cryptocurrency Tether, and its value in comparison to Bitcoin because of buying practices which are related to Bitfinex, which works as a Cryptocurrency Exchange. And subpoenas from the CFTC have reportedly been issued to Tether.

Singapore Blockchain Investor Roundtable Event

Blockchain entrepreneurs and investors will participate in roundtable discussions via the Singapore Blockchain Economic Forum from February 4th to the 6th.

  • 4-6th, Singapore, Blockchain Economic Forum  

Yaron Mazor is a senior analyst at SuperTraderTV.

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Yaron Mazor

Yaron has been involved with the capital markets since 1998. During the past 16 years, Yaron has been a day and swing stocks trader in the American market. Yaron has founded and made successful investments into businesses spanning exciting industries – from apparel to restaurants and bars, to high tech, medical technology and education. Ten years ago, Yaron sold all of his businesses and became a trader. Yaron started an education provider that taught thousands of people worldwide how to trade. Since then, he has traded every single day across every imaginable financial instrument Organic Trading System (OTS) is an unprecedented, new paradigm of trading technique, developed by Yaron Mazor. The trading system utilizes a combination of essential resources of market data (Fundamental, market participant sentiment and the basic concepts of trends), which are harmonically coordinated, in order to enable a relatively fast, simple and easy way to decide which side of the market to be trading from – the Buy side or the Sell side.