i'm short term bearish pic.twitter.com/ZeGNLz5SsN
— Lil Uzi Vertcoin (@LilUziVertcoin) April 30, 2018
Weekly sma20 did a bend down, which was always a bad sign.
In order to prevent money laundering and other criminal activity, Japan’s Financial Services Agency, is quietly pressuring cryptocurrency exchanges to give up handling Monero (XMR), Zcash (ZEC), and Dash (DASH) and other cryptocurrencies favored by criminals and hackers. Sources close to the FSA confirmed that they were taking all available steps to discourage the use of certain alternative virtual currencies that have become attractive to the underworld because they are difficult to track. In September of last year, the European Union’s law enforcement agency, Europol, released a report that warned “other cryptocurrencies such as Monero, Ethereum and Zcash are gaining popularity within the digital underground.” Criminals, who were some of the earliest adopters of Bitcoin, have increasingly dropped that cryptocurrency for transactions in favor of Monero and other less traceable “altcoins.”
The Securities and Exchange Commission wants to protect investors from fraud in initial coin offerings but the agency remains open to a legal way to raise money in crypto, one regulator says.
“Down the road, I think we will be thinking about ways to make those investments work consistent with our securities laws,” SEC Commissioner Robert Jackson says.
The financial watchdog has cracked down on the fundraising process known as ICOs this year, with accusations of fraud and multiple subpoenas.