The US National Security Agency (NSA) is reportedly able to locate senders and receivers of Bitcoin around the world, as classified documents provided by Edward Snowden reveal, The Intercept reports March 20.
The sources used for this article were disclosed to The Intercept, a publication dedicated to ‘adversarial journalism’ founded by Glenn Greenwald, Laura Poitras, and Jeremy Scahill following Edward Snowden’s revelations of mass reconnaissance in 2013.
The NSA managed this by creating a system for harvesting, analyzing, and processing raw global internet traffic using a program disguised as a popular anonymizing software, according to other documents dating March 2013.
Cheddar reported Monday that parent firm Snap Inc. has been quietly implementing the policy since February - restricting only advertisements for crypto-token sales, while allowing those related to cryptocurrency more generally.
When asked by CoinDesk, a company representative confirmed that Snapchat is indeed prohibiting ICO ads, but did not comment on whether it plans to expand the ban to other crypto activities.
So far, though, the firm's stance is relatively lenient compared to other social media giants. In January, Facebook banned most ads and promoted posts related to cryptocurrency, including grassroots technologies like bitcoin. Meanwhile, Google announced last week that, from June, it will also ban cryptocurrency ads, including on subsidiary platforms such as Youtube.
Twitter is reportedly about to crack down on ads too. Though yet to be confirmed, the ban is expected to affect cryptocurrency wallets, exchanges and ICOs, with some exceptions.
The micro-blogging service is also working to target scam and misinformation accounts that have been plaguing the site in recent months. During the effort so far, some community thought leaders and official company accounts also found themselves restricted by mistake.
The recent moves to block crypto ads on social media come amid stern warnings on ICOs from the U.S. Securities and Exchange Commission, which has suggested many crypto tokens could be considered unregistered securities.
EOS/USD BitFinex for March 22, 2018
For the first time since the bearish trend on January 30, EOS buyers are trending above the middle BB. Furthermore, with March 21 bullish candlestick, there is confirmation of the Morning Star bullish reversal pattern meaning there might be further gains in days to come.
Evidently, this line remains a strong resistance line and with yesterday’s breach, we can as well look for entries in the 4HR chart.
I will remain net long and advocate bull targets at $9.5 especially if prices continue to trade above last week’s highs of $6.2 or thereabout. Any pullback will be a loading opportunity as buyers recover previous losses.
IOT/USD BitFinex Daily Chart for March 22, 2018
From the chart, it’s obvious that IOTA buyers are finding resistance at the middle BB and the 78.6% Fibonacci retracement level at $1.45.
Even though we are net bullish at least in the short term, any bearish confirmation below $1 will most likely cancel signal bear trend resumption as per the weekly chart trend.
In my view, the best way to fine tune long entries is to wait until prices close above $1.45.
Alternatively, short term traders can wait for stochastic buy signals to print from the oversold territory in the 4HR chart because the daily chart stochastics is turning from the oversold territory.
After all, zooming in you can see bears are in charge and no wonder yesterday’s bearish close. Anyway, if our bullish conditions are met and today ends up bullish, March 21 forecast will remain valid.
Why are you so worried?
Look at the bullrun volume compared to the 'down trend' (accumulation) volume on daily chart.
The crash was just so the wealthy can get in at low prices. Did you really think they were going to buy it at the top? #bitcoin#cryptocurrency
Hong Kong’s Securities and Futures Commission Halts Black Cell ICO
Hong Kong’s securities watchdog, the Securities and Futures Commission (SFC), has interfered with the initial coin offering (ICO) of Black Cell Technology Ltd., ordering the firm to halt the sale of its digital currency to Hong Kong buyers.
According to the SFC, Black Cell had engaged in “potential unauthorized promotional activities and unlicensed regulated activities.” In response, Black Cell Technology halted its ICO and agreed to “unwind” ICO transactions for Hong Kong investors by returning the relevant tokens to them by the end of the month.
An international group of central bank regulators and government ministers said this past Sunday that " #cryptocurrencies don't pose a risk to global #financial stability". Financial Stability Board chairman Mark Carney, said that the organization doesn't see the tech as a threat - at least at this juncture. He wrote, "The FSB's initial assessment is that crypto-assets do not pose risks to global financial stability at this time. This is in part because they are small relative to the financial system." An optimistic view on the eve of talks on the subject by the G-20! #bitbuyCA 🇨🇦
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Disclaimer: Statements on this site do not represent the views or policies of anyone other than myself. I strictly operate off my own opinion. I'm not a professional financial advisor and you should always do your own research.