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US Congressman Tom Emmer says he does not see XRP as a security.

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The US Congressman Tom Emmer, during the first hosted “Cryptocurrency Town Hall,” mentioned that he would accept cryptocurrency donations for his next election campaign through BitPay. Tom Emmer said that he does not see Ripple’s XRP as security and praised the blockchain company as it abolishes intermediary. However, the network is being affected by the lack of regulatory clarity, he added. “My position is very clear, XRP is not a security,” Tom Emmer said. 

Tom Emmer urged the US to lead in the blockchain industry.

The Cryptocurrency Town Hall event was made possible through the help of the PAC (political action committee) of the Chamber of Digital Commerce. The event featured Ripple CEO Brad Garlinghouse, BitPay CEO Stephan Pair, eToro CEO Guy Hirsch, and other big names from the crypto industry. The Congressman suggested that the country lead in innovating different ideas in the blockchain industry, mentioning that lots of ideas happened in the cryptocurrency industry recently. He advised industry experts not to leave Washington politicians to act anyhow but to advise them on the adoption of blockchain technology. 

Congressman Tom Emmer to accept crypto donations. 

The delegate from Minnesota has decided to accept cryptocurrency to fund his re-election campaign. As co-chair of the Congressional Blockchain Caucus, he has been a friend to the blockchain world. The Congressman expressed worry over the Fed’s unchecked currency printing. He also fears other short-term solutions to bigger economic problems, which Emmer feels could come from cryptocurrencies like Bitcoin. Tom Emmer, who recently wrote a letter to the IRS regarding the classification of proof of stake assets, will now accept crypto donations with BitPay. 

During the cryptocurrency Town Hall, Tom Emmer also spoke lengthily about DeFi. He mentioned the surprise of creating traditional financial instruments that are not being overseen by either governments or companies.

Source: https://coinnounce.com/us-congressman-tom-emmer-says-he-does-not-see-xrp-as-a-security/

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Black Friday Crypto Deals Aplenty While Bitcoin is at a Discount

Bitcoin’s bull run has aligned perfectly with this year’s Black Friday. Holders have a plethora of deals that they can capitalize on. 2020 has been an extraordinary year for crypto, even by its wild standards. From the lows of March to the rapid rise of the past few months, the year has seen a great … Continued

The post Black Friday Crypto Deals Aplenty While Bitcoin is at a Discount appeared first on BeInCrypto.

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Bitcoin’s bull run has aligned perfectly with this year’s Black Friday. Holders have a plethora of deals that they can capitalize on.

2020 has been an extraordinary year for crypto, even by its wild standards. From the lows of March to the rapid rise of the past few months, the year has seen a great deal of excitement and activity. Setting aside price, we’ve also seen major developments like support from PayPal and further regulatory clarity.

Perhaps these developments have helped to give Bitcoin a push to near all-time high levels. Investors will be pleased to know that there is still time yet for the cryptocurrency market to appreciate further. Still licking its wounds from yesterday’s losses, BTC is showing resilience and determination to cross $20,000.

Historically, Bitcoin has done well in the last month of the year, and the increasing interest from institutional investors bodes well for the asset. Investment bank JPMorgan Chase noted that Q3 saw even more institutional funds flow in compared to Q2 2020. Investment activity so far has aligned with Tyler Winklevoss’ prediction of the arrival of a “tsunami of investors.”

bitcoin

The Bitcoin bull run has coincided nicely with this year’s Black Friday retail event, as multiple deals and bargains become available. This is particularly useful for retail investors, who can now cash in on exchange deals to get some of the best prices.

Those who are becoming more serious about their cryptocurrency investments can also take a look at Black Friday deals for wallets. This can be especially helpful for hardware wallets, which are the best tools to store and protect funds.

Investors can also set aside some funds for cryptocurrency trading courses. This is a great way to learn how to get the most value out of the current Bitcoin bull run as well as the chance to learn a valuable skill at an affordable price.

But perhaps many cryptocurrency holders will just want a place to spend their Bitcoin. Several platforms are offering Black Friday shopping deals with Bitcoin support. With the asset as high as it is now, this may be the perfect time to cash in. These promotions range from technology services to payment cards and toys.

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Rahul Nambiampurath is an India-based Digital Marketer who got attracted to Bitcoin and the blockchain in 2014. Ever since, he’s been an active member of the community. He has a Masters degree in Finance. <a href=”mailto:[email protected]”>Email me!</a>

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Source: https://beincrypto.com/black-friday-crypto-deals-aplenty-while-bitcoin-is-at-a-discount/

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Bitcoin SV short-term Price Analysis: 27 November

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Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice

As the value of Bitcoin faces hurdles in the market, many altcoins have also been falling on the charts. Bitcoin SV has been noting a strong devaluation and at press time, after a brief recovery effort, it was being traded at $166.16. Although the overall sentiment in the market appeared bearish, there could be a benefit in taking a long position in the short-term.

Bitcoin SV 1-hour chart

Source: BSV/USD on TradingView

The above one-hour chart of Bitcoin SV highlighted a downtrend within a descending channel. The asset was valued at $207 before it started trending lower and it sunk as low as $150. However, the price has managed to bounce back up, and currently looks like there could be a bigger recovery in the market and long positions could be realized.

Reasoning

The Relative Strength Index indicated that the sudden price drop had pushed the asset into the oversold zone. After dropping further in the oversold zone, there was finally a recovery set in motion and the coin has come out of the oversold zone.

As BSVmoves towards equilibrium, the price of the digital asset may also increase in the short-term. Since the resistance is marked at $169.89, and the support remained at $163, there could be a marginal increase in its value.

Positions

Entry for a Long position: $167.30
Take Profit: $172.513
Stop Loss: $163.41
Risk/Reward Ratio: 1.34

Conclusion

Even though bearishness prevails in the BSV market, there could be minimal recoveries noted to balance out the selling pressure in the market. The price of the asset may further consolidate in the short term given the immediate resistances and supports marked close at this level.

Source: https://eng.ambcrypto.com/bitcoin-sv-short-term-price-analysis-27-november

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ASIC Cancels AFS License of Jels Financial Group, Selectinvest

Both the companies failed to submit audited financials for several years.

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The Australian Securities and Investments Commission (ASIC) announced on Friday the cancellation of the Australian financial services (AFS) license of two companies: Jels Financial Group Pty Ltd and Selectinvest Pty Ltd.

Jels was granted the AFS license in September 2014, while Selectinvest was holding it since December 2003.

According to the regulator, Jels failed to demonstrate that it had the competence or resources for providing financial services. Primarily, the company failed to appoint a “key person” required for the licensing, and its sole corporate authorized representative was also insolvent.

Furthermore, the Victorian financial services provider did not file its audited accounts for the financial year 2017-2019, which is mandatory according to the licensing rules.

In the case of Selectinvest, the regulator pointed out that the financial service provider failed to maintain its external dispute resolution membership with the Australian Financial Complaints Authority (AFCA). 

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Additionally, Selectinvest did not report its annual financial and audit report since 2019.

Despite the cancellation, the companies can now move to the Administrative Appeals Tribunal (AAT) with an appeal to review the ASIC’s decision.

A Vigilant Regulator

The Australian regulator is vigilant towards the companies offering financial services under its purview. Finance Magnates earlier reported that the ASIC suspended 40 licenses in a year, ending in June. However, it also granted 394 new AFS licenses in the same period.

In September, the ASIC cancelled the AFS license of forex brokerage Union Standard International Group Pty Ltd (USGFX) as it entered into liquidation.

“We have new powers to refuse a license application where we have been provided false or misleading information or there is an omission of a material matter in an application, report, or statement from an applicant,” ASIC Commissioner, Danielle Press said earlier.

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