A positive weekend for cryptocurrencies across the board now has Bitcoin tickling the psychological $9k level at $8926 with Ethereum also making significant gains, now at $635 – up from $572 on Friday.
The news streams this morning are alive with legal moves for one reason or another – first it would appear Coinbase have apparently suspended the provision of services to Wikileaks – the only reason cited so far is due to “regulatory compliance mechanisms” under the Financial Crimes Enforcement Network. Wikileaks of course not too pleased at the move and subsequently stated it will call for “a global blockade of Coinbase” sometime this week labeling Coinbase as “an unfit member of the crypto community” and for having taken the action as a result of “concealed influence”.
Facebook are coming under additional fire from UK finance evangelist/blogger/campaigner Martin Lewis as he launches what appears to be a rather oddly directed defamation suit against the social media giant. Facebook have allegedly been continually running cryptocurrency related ads that use images of him in campaigns promoting outright scams. Lewis has repeatedly stated publicly he does not endorse ad campaigns and has no involvement in any such activities and, despite repeatedly informing Facebook of the misuse - he has now announced he will be taking high court action in the form of a “campaigning defamation lawsuit against Facebook and will be seeking exemplary damages”.
Whilst stating the action is “not being done for personal gain” with “any and all money paid out to him will be donated to anti-scam charities” the intent appears genuine enough, however, filing a defamation case seems a little odd – whilst the grounds for such action are apparent, surely the fraud angle would be a more practical and clear-cut route to take?. It will nevertheless be an interesting case to follow with many celebrities coming under the watchful eye of regulators over celebrity endorsements of ICO campaigns.
New ICO Ratings on ICOformula
Last week in the world of ICO Ratings on ICOformula:
The first chart shows us how the top 10 ICO’s by average position have changed over the course of the previous week:
The second chart shows the top 10 ICO’s by largest average position gain over the past week:
The third chart shows the top 10 ICO's by largest average position drop over the past week:
Caveat: Only ICO’s that have had the status of ICO are used in the data set for the full 7 day range are included in the following charts. ICO’s that either entered the dataset mid-way through the week, OR completed the ICO process and completed their sale/trading as tokens are not included in these charts.
Learn more about ICOformula ratings and how the Formulatron calculates them in our in-depth guide to how ICOformula rates ICOs.
Created: Monday, April 23, 2018