As the month of September comes to a long awaited end, It seams it's depature brings nothing but green to the table. We finally seam to have some silence from Fud and a Some awesome news coming up.
But is the Bear market finally over and are the bulls now in control? As market capitalization hits 145 Billion.
1.Regulated ICOs Are Now At Our Door Steps As Overstock to Open Exchange for Legal Token Trading
A joint venture with RenGen (a fintech firm that will serve as the market maker) and Argon Group (an investment bank specializing in ICO capital raising), the ATS will be regulated by both the SEC and the Financial Industry Regulatory Authority (FINRA).
In short, the ATS will offer a legally approved, regulated alternative to a major securities exchange, such as the New York Stock Exchange and Nasdaq.
As such, the platform may be seen as a major step forward for the token space. Simply put, there are currently no other regulator-approved ways for U.S. investors to trade security tokens.
So I think this may be good as more people who saw crypto as an illegal investment would find it easier to come into the space and we might see a bit more stability in the markets.
What do you think? Is this a good idea?
2.Forecaster Gerald Celente: Banks Are Afraid of Bitcoin!
Trend forecaster and commentator Gerald Celente Speaking with TheStreet, Celente, who is the publisher of Trends Journal, argued that banks are fearful that bitcoin and cryptocurrencies will "take away their business," going so far as to argue they're "trying to kill it."
He said and i quote:
"The banks are going to continue to talk it down because it makes banking obsolete and the banksters obsolete. So they're going to do everything they can to stop it."
And i think his on to something.
4.In on related news,
Wolf of Wall Street' Jordan Belfort: Jamie Dimon is Right About Bitcoin.
I like hpw he is called a wolf and i guess we are the Sheep.
he said:
"Sooner or later, a central bank or a consortium is going to issue their own cryptocurrency and that's what will take hold."
Thats ok central banks can do what they like, it doesn't make BTC a fraud it only makes it look better.
And On the other side of the world:
5.The Bitcoin Exchange BTCC Sets Deadline for Yuan Withdrawals
So the BTCC (BTC China) the country's oldest, first announced it would halt trading on September 30 following an alleged, though not exactly confirmed, directive from the Chinese government. But it has affirmed in a new blog post, that it will no longer accept yuan or cryptocurrency deposits as of 4 a.m. local time on September 27.
Withdrawals will be available until 12 p.m. local time on October 30 and will be completed within 72 hours of being requested.
"If the user does not wish to retain the digital assets, please redeem it for [yuan] as soon as possible," the post explained.
The post concluded as it went on to add that its other services, including its mining pool, are not affected by the announcement.
So this means China is still in the markets, and we only hope for no more regulatio to mining.
I see a lot of potentioal in the mrkets but we all know it takes about 3 days to confirm a trend so lets se what tomorrow brings.
Thanks!