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Daily Dose: Crypto Crime and Punishment

handcuffs

Bitcoin remains sideways after dropping around 8% yesterday. In the daily, the 10 EMA remains intact and still acts as a trail support around 8,400 level while resistance is around 9,100. Meanwhile, the intraday chart (4H) is looking to test the 50 MA support. If price manages to be break below 50 MA in the 4H, price is likely to go below 8,400 level. Nonetheless, price could possibly stay in a range for a few days. 

Global market cap is at $238B, while BTC's market cap is at $157B.

An eighteen-year-old from Montreal named Samy Bensaci has been accused by Canadian authorities for participating in a crime ring that stole around $50 million dollars in cryptocurrency from American and Canadian holders through sim-swapping. The incident happened in the spring of 2018. According to Infosecurity Magazine, many of the individuals targeted by the hackers had attended the Consensus conference in New York. 

The Philippines Securities and Exchange Commission (SEC) is readying itself to finalize a cryptocurrency framework by the first half of the year, according to SEC Chairperson Emilio Aquino. Aquino was quoted as saying "We have to come up with regulations so that we will be able to run after them," referring to false advertisements about cryptocurrency in social media.

The Philippines Securities and Exchange Commission (SEC) is readying itself to finalize a cryptocurrency framework by the first half of the year, according to SEC Chairperson Emilio Aquino. Aquino was quoted as saying "We have to come up with regulations so that we will be able to run after them," referring to false advertisements about cryptocurrency in social media.

 

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