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US Securities and Exchange Commission Still Hesitant About Crypto ETFs

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Wed, 11/28/2018 - 15:53
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  • SEC Chairman Jay Clayton made public today during his speech at the Consensus: Invest conference that he is not yet comfortable with Bitcoin and other cryptocurrency ETFs

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SEC Chairman Jay Clayton made public today during his speech at the Consensus: Invest conference that he is not yet comfortable with Bitcoin and other cryptocurrency ETFs. The main reasons behind his unease are the risk of manipulation and lack of solid market surveillance. The chairman stated:

“What investors expect is that trading in the commodity that underlies that ETF makes sense and is free from the risk of manipulation […] It’s an issue that needs to be addressed before I would be comfortable.”

In the meantime, Bitcoin just had its best day in weeks, posting an 8.50% gain and climbing above the key $4,000 mark.

Chart Analysis – BTC/USD

Chart Analysis – BTC/USD

Currently trading at $4,011 on Coinbase and higher on crypto-to-crypto exchanges, Bitcoin is still down more than 11% for the last 7 days, but it is showing increased bullish pressure and potential for more upside.

After the double bottom formed around 3500 support, the pair climbed, but it is now at a crossroad: if it can break the current resistance at 4000, it will most likely move above 4200 during the days to come, but otherwise it will probably drop for another test of 3500. Although we are in a clear downtrend, the chart shows bullish signs, so we favour the buy side, at least for the short term.

Support zone: 3500

Resistance zone: 4000 followed by 4200

Most likely scenario: move to 4200 if 4000 is broken decisively

Alternative scenario: rejection at current levels and move into 3500

About the author

Thomas Hughes is an executive editor of U.Today. He is a skilled cryptocurrency trader and technical analyst deeply immersed into the cryptocurrency & blockchain technology area.

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Weirdest Crypto Names You Can Find: from Jesus Coin to FirstBlood

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Fri, 11/29/2019 - 16:31
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  • Can Bread coin feed you and Jesus Coin buy you a pass to heaven? See a selection of the weirdest crypto coin names prepared for you by U.Today

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It seems that while making up names for new coins, their creators think as wide and deep as they can. And after they do that, it appears they ultimately choose what comes to their mind first, they want to have fun, give users an idea of what the coin can be utilized for.

Sometimes, unless there is some special story behind a coin’s title, people seem to use their favorite movies, names of Greek or Scandinavian gods, or references to the Bible, favorite novels.

FirstBlood (ranked 322) is a good example here. It is trading at $0.099154, with the market cap totaling $8 483 439 and daily trading volume amounting to $895. Name taken from a famous in the past action movie about John Rambo.

First blood
Image via CoinMarketCap

Ubiq (ranked 540). The name of a popular novel by Philip K. Dick.

U.Today’s selection of coins with weird names

All coin names below are on the CoinMarketCap list. They are divided into several topics or utility purposes that their creators might have kept in mind when making them. Their ranking on CoinMarketCap is shown in brackets.

Names to do with the Bible

Jesus Coin (1673), Noah Coin (221), Haven Protocol (576).

Jesus Coin
Image via CoinMarketCap

Outstanding personalities of the past

Davinci Coin (332), Mao Zedong (1176). The latter sounds like it is more suitable for China instead of the ‘China Coin’ (DCEP) that the local central bank is working on.

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Titles that sound to be used on adult websites

Eroscoin (1220), Titcoin (1753), Bitcoin Adult (1846), Desire (1855), HOT Token (2248), Sexcoin (2266).

Earlier U.Today reported that the adult content giant PornHub accepts Verge, Tron’s TRX and some believe it may also be accepting XRP in the future, now that PayPal backed off from collaborating with PornHub.

Just peculiar names for cryptocurrencies

Some names of coins sound like these assets were created just for fun.

Bread, aelf (ELF), DeepOnion, Evil Coin, BROTHER, BUDDY.

Cabbage, Dynamite, HiCoin, DeepBrain Chain, TrollCoin, Nuggets, BunnyToken.

Separately, two coins should be noted – TrumpCoin and PutinCoin. The latter is trading at $40 but at the time of writing is falling by around 45 percent.

There is even Bitcoin CZ – sounds like it was created by a big fan of Changpeng Zhao.

Another coin worth mentioning is WHACKD coin created by John McAfee. It is based on the popular meme "Jeffrey Epstein Didn't Kill Himself", since it is to do with Jeffrey Epstein, an American financier, who was accused of a sexual abuse but committed suicide in the prison cell. Many, including John McAfee, believe it was a murder, not suicide.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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