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4C Newsflash of August 21


Market Cap at 15:40 (UTC) – $259,259,488,637 billion
Bitcoin dominance: 69%
BTC $9993.53 (-6.33%)
ETH $183.5 (-6.89%)
XRP $0.262814 (-4.37%)

Austria telecom giant accepts crypto

4C Newsflash of August 21 - 4C Trading
According to Futurezone, A1 one of the Austria largest mobile network operator will soon accept cryptocurrency at some stores. ETH, LTC, XLM, XRP and DASH are in the list for acceptable coins. Alipay and WeChat are also featured in the alpha version of the program.

ICO Rating ceases to operate

4C Newsflash of August 21 - 4C Trading
On August 20th, SEC published a cease-and-desist letter, forcing ICO rating to stop their illegal operations. Per the letter, ICO Rating has violated Section 17(b) of the Securities Act, illegally promoted ICOs that involves securities token. Moreover, the commission also found out that the company also received some compensations from many projects without publishing the deal. Therefore, SEC orders ICO rating to stop their illegal promotions and must pay a total amount of $268,998 to the commission.

EU scrutinizes Facebook’s Libra

4C Newsflash of August 21 - 4C Trading
According to Bloomberg, EU antitrust regulators is watching over Facebook’s Libra as the project may causes anti-competitive behavior. Per the article, Libra can propose an unfair system which makes rivalry impossible. Moreover, the regulators also show concerns about how consumer data will be used within the system. Additionally, antitrust division is not the only one monitoring crypto market and Libra but also several EU regulators.

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