Daily Crypto Roundup 1/8/2019

Crypto Read

Today in the crypto world, Ethereum showed signs of a price bottom, Japan considered regulatory change and Australia cracked down on a former Bitconnect promoter. Samourai Wallet also had to remove features and 13 additional institutions joined RippleNet.

Crypto Insider also released an article on the battle between Proof-of-Work and Proof-of-Stake.

Catch up on the details:

Ether Markets Are Mimicking Bitcoins 2015 Price Bottom

The current bear market has seen many comparisons to bitcoins previous bear market. On that front, Ethereum now looks to be in the spotlight, mimicking bitcoins price chart at the bottom of the last bear market in 2015.

Since Sept. 2018, the price chart of the worlds second largest cryptocurrency has mimicked the market structure of bitcoins bear market bottom in 2015, CoinDesk noted in a report today.

Japan Eyes Regulation Of Unregistered Crypto Investment Schemes

According to a recent CoinDesk report, Japans Financial Service Agency (FSA) is looking to firm up regulatory laws regarding unregistered projects.

Current laws ban unregistered projects from receiving investment funds in the form of cash. There is, however, no clarification that those projects cannot accept crypto assets as investment capital.

Japans FSA has seen elevated levels of fraudulent activity where involved parties received crypto assets instead of cash, leading the agency to look into amending current applicable laws.

Australian Federal Court Imposes Travel Ban, Fund Freeze On Bitconnect Promoter

According to a report from CoinTelegraph, Australias Federal Court has cracked down on a former Bitconnect Ponzi scheme promoter. Bitconnect director and shareholder John Bigatton recently saw his accounts frozen and his travel rights stripped.

Australian authorities are currently investigating Bigatton, who was the only representative for Bitconnect Australia. Bigatton must reveal his financial records, including his crypto assets and their whereabouts.

Samourai BTC Wallet Removes Security Features At Googles Behest For Transparency Policy

Samourai Wallet, a popular up-and-coming bitcoin wallet, recently was forced to remove certain wallet features in order to comply with Google.

The wallet touted enhanced anonymity features and avoided mention of fiat currency. Google, however, required Samourai to remove such anonymity features.

CoinTelegraph reported on Samouri Wallets blog post from yesterday, which explained, We hope to bring these features back somehow in the future in the Google Play Store release, and are dedicated to offering the full feature set experience via alternative distribution methods such as direct download and F-Droid in the coming months.

Payment Network RippleNet Exceeds 200 Customers, Garlinghouse Highlights Fiat Volatility ...

Read full story on Crypto Insider

Tags: Ethereum, BitConnect, Australia, Proof-of-work system, Financial Services Agency, Federal Court of Australia, John Bigatton