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SEC

I couldn't resist rolling the diceI rolled the dice on a far out-of-the-money July 31 Tesla put this afternoon after Elon Musk tweeted at the SEC to suck his cock. If I'm wrong, it's no big deal to lose $60. If I'm right, maybe I'll make a quick c-note when news of an accounting fraud investigation breaks. Possibly relevant: www.valuewalk.com twitter.com Tesla is also under investigation by the NHTSA for allegedly covering up an issue with their battery cooling system that they knew could set the car on fire. My put might pay off if that investigation were to turn something up, too. On top of all that, Tesla shot up over the last few days on hype around its delivery numbers. So we may be in the "sell the news" part of the stock's cycle as we head into next week. I promised myself I would never short this stock, but what can I say? I'm an inveterate gambler, apparently. XD
NASDAQ:TSLAShort
by ChristopherCarrollSmith
21
GSFI Long Term GainI've been keeping my eye on this stock for little bit now and in my opinion has a huge upside potential for the following reason... This is fairly new sector in the stock market which is one reason for the huge upside potential. They recently filed with the SEC... finance.yahoo.com twitter.com twitter.com Famed Architect Anthony Morali Joins Green Stream Holdings Inc Board of... Solar Stock News: Green Stream Holdings GSFI Executes Agreement To Build And Lease Out Multiple Solar Farms In A Joint Venture With Morali Architects Feel free to share your ideas as well
OTC:GSFILong
by Julian83001
2
Luckin's not Lucky...Breaking today, Lukin's COO (Jian Liu) said to have fabricated sales in a massive overstatement of 2019 revs. But by how much? Previously stated sales in 2019 were 2.9 billion yuan ($413 million). Overstated 2019 sales by about 2.2 billion yuan ($310 million). So essentially... -75.86 % of their revenue was overstated! Incredibly surprising... but this goes to show how easy it is to obfuscate information and not have someone follow up with fundamental research. Worrisome for the region as well.
LShort
by CrosbyVenture
4
SEC Action, Telegram Responds to InvestorsSEC Action, Telegram Responds to Investors TON (Telegram Open Network) has been trying to get feedback from the SEC (Securities and Exchange Commission) of the United States for 18 months now. And this is about the TON blockchain and how it does not agree with the recent action. In addition to that, TON developers gave a response to its investors. And this happened after American regulators abruptly reported its $1.7 billion token sales became illegal. The Ton letter stated, “We were surprised and disappointed that the SEC chose to file the lawsuit under these circumstances.” The letter also showed how the firm disagrees with the legal position of the SEC. Moreover, the company assured them they are assessing further the best possible ways to resolve the situation. Of course, in the interest of the relevant parties. And this includes, but not limited to, evaluating if they would delay the launch date. The SEC deemed Telegram’s initial coin offering (ICO) illegal. After that, it filed a temporary restraining order, which set a court hearing in New York for October 24. Then, Nathaniel Popper, New York Times tech reporter, tweeted on October 12 to indicate the involvement of high-profile investors in Telegram’s $1.7 billion ICO. And it includes Benchmark, Sequoia, and Lightspeed. Popper wrote, “The SEC’s move to shut down Telegram’s crypto project raises questions about the big venture capital firm that gave it $1.7 billion and convicted themselves that it would pass regulatory muster.” Previously, a private Telegram channel for TON investors got rid of all posts from the past. Also, it declared that it would take a break amid the heightened level of regulatory uncertainty. Crypto Market: Bitcoin Bounced On Sunday, Bitcoin (BTC) further bounced around the $8,400 price mark. On the other hand, most of the top-20 coins by market capitalization showed little gains. Aside from that, crypto markets are seeing slight gains — most within a tight range of 1-2%. Binance Coin (BNB) is the one who stood out the most and is boosting over 7.5%.
CRYPTOCAP:BTC
by Financebroker
Bitcoin is growing, the ruble is falling, May gave upTuesday, compared with Monday, turned out to be much calmer in most financial markets. With the exception of the cryptocurrency market. There was a strong surge of optimism, resulting in a sharp increase in Bitcoin. For some time, the cryptocurrency was even quoted above 5,000, which was not the case since November 2018. The growth rate of Bitcoin reached 23% yesterday. What about the reasons for growth, analysts shrug. There were no special reasons for this. It just looks like a planned attack, which, in view of the relatively low liquidity and market volume, was crowned with success. Some traders, however, suggest that such a rapid growth of cryptocurrency was associated with an April Fool's joke, according to which the US Securities and Exchange Commission (SEC) allowed Bitcoin ETF trading. We do not recommend encouraging about this and rushing to buy cryptocurrency, because the lack of a proper fundamental base under growth signals in favor of a quick “return”. So we consider yesterday's growth of Bitcoin as a good opportunity for more expensive sales and quick earnings. Brexit. May gave up and acknowledged that there is no point insisting on the current version of the contract. In the end, she said she wants to develop a new approach to Brexit, together with the leader of the Labor Party, Jeremy Corbyn. Apparently, Theresa May’s new plan will be some combination of her exit agreement and a variant of the customs union, advocated by Corbyn. Recall that the alternative to this is the extension of the Brexit's terms for a long time. Analysts of the Goldman Sachs Group meanwhile predict a quick resolution of the problems and predict a pound growth. In their opinion, buying pounds can be the most profitable trade among all possible options for trading with currencies of developed countries. Note that we recommend buying the pound for quite some time and we do not plan to change our recommendation. The ruble continues to be under pressure. The threat of new sanctions does not allow buyers to relax, and the attractiveness of the ruble from the position of "carry-trade" has recently dropped sharply. The reason is the same - an increase in the risk component in the form of new sanctions has sharply reduced the “attractiveness” of the “carry trade” with the ruble. It is much easier in this regard to work with Indian rupee, Mexican peso or Turkish lira. From yesterday's macroeconomic statistics, it is worth noting perhaps the weak data on goods for durable orders in the United States (down 1.6%). About the oil markets. OPEC reduced oil production by another 295K b / d in March, and the Iranian Minister of Petroleum Industry announced that OPEC + could be extended without any problems in June. Recall, we recommend buying oil on the intraday basis.
Long
by Trade24Fx
Please Sir can I have some more?Now for some optimism in this era of anticipated FUD and panic. The technicals might be bearish but just consider the divergence between the actual Bitcoin price and all of the pipeline institutional developments on the horizon for Q1 2019. Consider that Bitcoin might actually be printing a parabolic arc and is very very close to the actual bottom. This parabolic arch makes sense based on what's still to come and based on the trough aligning with our weekly SMA200 which many believe to be our last line of defense before capitulation. If you look at our SMA200 resistance on the daily chart (SMA1200 on the 4H), you'll see this is around our $6500 resistance which acted like an iron curtain during our extended stay during the $6ks. I think a daily close above the SMA200 should signal the beginning of a strong new uptrend which could potentially set us up for a golden cross between SMA50 and SMA200. If this arch plays out, then the general pattern could fit quite well within a large ascending channel where resistance is formed by connecting the 15 October swing high to the height of the arch, which gives us an upside target of $15-$16k. SMA200 on the daily chart also coincides with 29 December, the SEC's decision date regarding the Van Eck bitcoin ETF. An approval might just be what we need for a close above the daily SMA200 and since the decision has carried so much weight in the media these past few months, a rejection or deferral to 28 February could be the catalyst for capitulation, in which case the price could reach $1k based on the 168.1 fib extension from the 200 week SMA. If we do have capitulation, we still have Bakkt bitcoin futures launching on 24 January, Fidelity launching their institutional platform for Bitcoin sometime early next year, and if the SEC decision regarding the Van Eck bitcoin ETF is deferred to 28 February 2019, then this might be the catalyst since it is the very final decision date and the Van Eck apoplication has carried a lot of weight in the media these past few months. Good luck and happy trading!
BITFINEX:BTCUSD
by Corn_Reaper
BTCUSD: Market is sideways...I think cryptocurrencies are likely to remain range bound, which means short term traders are mainly in control, while long term players await for fundamentals to evolve favorably to position themselves. Overall bullish bias, with weekly sellers exhausted and very few reasons to get momentum in any direction. I'd stay away from this market for now, my interest will gravitate back towards it by the time MtGox creditors receive their $BTC, or after ETFs or cryptocurrency trading hit proper exchanges like Nasdaq, etc. Fundamentals are bullish, but lacking to provide the backbone needed for a long term advance, and catalysts aren't there yet, for a move to the downside so the market will remain sideways, hurting the most people possible in every swing... With BTC being designated a commodity by the SEC, over time, we might see it be treated like gold is in the US. I think over time, as people are shaken out by the potential shake out decline that hordes of MtGox hodlers rushing to sell at exchanges might bring, would cause enough of a negative sentiment extreme to form a long term bottom we could buy, eventually. Patience, time at mode analysis points to a long sideways downwards drift until May-June 2019, which aligns with these developments panning out. Good luck navigating these murky waters, if you try and do so. Ivan Labrie.
BITFINEX:BTCUSD
by IvanLabrie
6
TESLA - Dumping with Musk Stepping Down as Chairman?Elon Musk agreed Saturday to step down as chairman of Tesla and pay a $20 million fine in a deal to settle charges brought this week by the Securities and Exchange Commission. Credit: money.cnn.com We expect the price to continue falling with the recent news of Elon Musk stepping down as the chairman of Tesla. We are expecting price hit minimally around the 208 - 242 region with a potential to fall lower towards 178 and even 141 levels. *Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach. The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
NASDAQ:TSLAShort
by KarYong
4
Bitcoin Today: SEC delays, but market growthPrice Yesterday, despite the new statement from SEC about delaying the SolidX Van Eck Bitcoin ETF decision again, after short fluctuations at the 6400 level bitcoin found a support and went upwards accompanied by a rise in volumes. At the end of the yesterday, BTCUSD reached 6600 level, and today already broke above Bearish Trend Line. On the way up the price will meet an important resistance level 7000, which coincides with the 100-days EAM at this point. A breakthrough above 7000 will be a major turnaround signal, until then an entering the long positions stays a risky business. For now, the most important for the bullish trend is to hold above 6600 level. High volatility and buying volumes in this area will be a sign of readiness to test 7000. Comeback below 6600 would be a bullish sign. Today forecast Trading in the 6600 - 7000 zone. Latest news SEC delaying ETF decision from until February of 2019 The SEC has published an official statement saying that it is postponing its decision on the approval of the CBOE’s application to be able to trade shares of the SolidX Van Eck Bitcoin ETF (Exchange Traded Fund.) Following initial delays, a decision was expected by September 30th; now, a decision isn’t expected until February of 2019. “Institution of such proceedings is appropriate at this time in view of the legal and policy issues raised by the proposed rule change,” an official statement by the Commission reads. “Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved.” The SEC also said that it is seeking public opinions and information from the public in order to inform its decision and that it had received more than 1400 letters about the matter so far. In general, people's reaction can be characterized as follows: Delays are some sort of a sign that the SEC is slowly warming up to the idea of a Bitcoin ETF. For now, delays are more promising that outright denials, of which there have been many. “Being delayed was a best-case scenario. It was never going to be approved,” – Reddit user anti09 A critical vulnerability in Bitcoin Core, that threatened the bitcoin network for two years, is eliminated On Tuesday, September 18, an unscheduled release of the Bitcoin Core client under version 0.16.3 took place, the release eliminated a critical vulnerability that threatened the DOS attack on the network. The exploitation of the bug was, however, not an easy task, and fortunately, no one took advantage of them. As stated in the accompanying comments of Bitcoin Core developers, the vulnerability was exploited by the user who wished to remain anonymous. The exploitation of the bug, which was called CVE-2018-1744, allowed an attacker to disrupt almost 90% of the nodes, and only 12.5 BTC would be required to carry out the attack - the size of the reward currently received by the miners for the block. Built-in Bitcoin Core Fast Internet Bitcoin Relay Engine (FIBRE) engine would also contribute to the attack. The Optech mailing list explains that the bug CVE-2018-17144 appeared in the Bitcoin Core 0.14.0 release, which was released in November 2016, and affected all subsequent versions up to 0.16.2. Its exploitation allowed to disrupt the network when trying to validate a block containing a transaction that tries to double-spend the input. Such block would be invalid and could only be created by miners willing to give up the loss of a reward of 12.5 BTC (about $ 80,000 at the current rate). It is worth noting that this vulnerability was the result of the so-called human factor, and responsibility is on those developers who approved the corresponding code change. Among them were, for example, Gregory Maxwell, Vladimir van der Laan, and Matt Corallo. For now, there were no statements from the Bitcoin Core developers, as to whether any analysis of the incident will be conducted and whether a public report on the causes of the incident will be made and how to avoid the recurrence of such cases in the future.
BITFINEX:BTCUSD
by DestinationMoonCrypto
Bitcoin Today: SEC says no to ETNsPrice During the weekends BTCUSD tested the 5750 – 6250 support zone, the price found support on the Bearish Trend Line and managed to come back in the lateral channel, above 6250. Still, medium price lean closer to 6250 with each day, making the movement further down more probable. Fundamental support stays shallow, so there are not many factors that could contribute to the growth right now. For today: overall state is bearish, support is 5750 - 6250, 6600 is the closest resistance. To change the bearish state, we will need to see the price going above 7000. Today forecast Trading in the 6000 - 6600 zone. Fall below 6250 – bearish signal. Latest news SEC suspended trading of USD-linked ETNs from XBT Provider “The Securities and Exchange Commission announced the temporary suspension of trading in the securities Bitcoin Tracker One (“CXBTF”) and Ether Tracker One (“CETHF”) commencing at 5:30 pm EDT Sept. 9, 2018, and terminating at 11:59 pm EDT Sept. 20, 2018.”- @SEC_News The US Securities and Exchange Commission (SEC) has ordered the suspension of trading of dollar-tied exchange note (ETN) Bitcoin Tracker One ("CXBTF") and Ether Tracker One ("CETHF") from XBT Provider AB in the US market. The stated reason for this decision is the alleged confusion of market participants about the nature of these instruments. SEC stated that some broker-dealers who applied for opening trades in crypto-currency ETNs called them crypto-currency ETFs. At the same time, the issuer of instruments characterizes them as "certificates without equity participation". The restraining order will last until September 20. Recall, that CXBTF and CETHF were listed at the Nasdaq Stockholm stock exchange in August 2018. And the first bitcoin-based security from the XBT Provider called Bitcoin Tracker One (BTO) was released in April 2015. Which gave markets additional hope about institutional future. With the above SEC decision, the picture will add negativity.
BITFINEX:BTCUSD
by DestinationMoonCrypto