CoinSheet - March 14, 2018
"Many people take no care of their money till they come nearly to the end of it, and others do just the same with their time."
-Johann Wolfgang von Goethe
CoinSheet #175
COIN BULLETIN
Google to Ban Ads for Cryptocurrencies
Google will ban online advertisements promoting cryptocurrencies related things starting in June.
This should mean no more no crypto-related ads for currencies, ICOs, exchanges, wallets, and advice.
I think this is pretty good news. Now you won't have to see those shitty scam ICOs ads and I don't think it's really going to effect bitcoin.
Coinbase Receives E-Money License from UK Regulator
Coindesk reports that U.K.'s Financial Conduct Authority granted Coinbase an e-money license. The license now enables the company the ability to provide payment services and issue digital cash alternatives, which can then be used to make card, internet or phone payments.
This is a great move. Moving between fiat has been a major headache for UK residents.
What else is going on...
- Japan to Call for Crypto Rules at the G20 Summit
- What to Expect When Congress Talks ICOs (This is today, there is a live-stream available)
- The Winklevoss twins have proposed a self-regulated agency
THINGS I LIKE
Coinbase’s written testimony for the Subcommittee on Capital Markets, Securities, and Investment
TL;DR - Coinbase doesn't believe the US Government should create another regulatory agency for cryptocurrencies and they believe that the current regulatory landscape is acceptable.
You can read their testimony here.
MARKET SENTIMENT
Top 5 Winners
Top 5 Losers
The red is strong today
Technicals
And today we have daily TD9 on bitcoin, which tends to be a strong bullish indicator. Like I said yesterday with ethereum, pay attention to buy and sell volume.
Bitcoin
The 78.6% fib line continues to be a strong support line.
We're still in a bearish downtrend.
