Barry Silbert posts can rise red flag to regulators

According to the securities lawyers, social media posts of Grayscale Investments Head can be considereded as attempts to manipulate the market
26 December 2017   715

Experts on US stock market legislation are convinced that some tweets of the head of the investment fund Grayscale Investments Barry Silbert about the prospects for the Ethereum Classic course can be defined by financial regulators as attempts to manipulate the market. This is reported by Reuters.

It is risky. I think if I were advising Mr. Silbert, I would suggest that he is better off as a cryptocurrency expert at large rather than making specific comments on one particular cryptocurrency in which he has a heavy concentration of holding. If you have a fund that is issuing a security and the value of the security rises and falls with the price of a cryptocurrency and you are telling people to close their shorts in that cryptocurrency, that is a problem.

Trace Schmeltz 

Partner, Barnes & Thornburg law firm.

In addition, a partner of the law firm Bell Nunnally and a former high-ranking lawyer of the Securities and Exchange Commission of the United States (SEC) is convinced that the US Futures Trading Commission can take the necessary measures to stop the manipulation of the crypto currency market that the department considers to be goods.

It is worth noting that recently, on the eve of the Ethereum Classic conference, in the Discord social network, Barry Silbert publicly advised an ordinary trader to close short positions on ETC, hinting at a potential price increase.

Crypto Ups and Downs on 5 - 12 Feb

In this article we present the overview of the gainers and downers among cryptocurrencies with the highest market capitalization during the week from Feb 5 to Feb 12
13 February 2018   313

From this article you will learn about the most unpredictable ups and downs of cryptocurrencies. We have analyzed the crypto market, and researched the most popular tokens and coins with market capitalization over $1M. In the charts below you can find all relevant information regarding the leaders of growth and fall during past 7 days.

In comparison with the previous week charts, when cryptocurrencies were mostly decreasing, this week was rather successful for coins and tokens in terms of price. The biggest gainer of Feb 5 - Feb 12 week is Revain token, which increased 153,05%, having grown from $1,36 on February 5 to $2,54 on February 12.

As for the coin with the greatest market capitalization, which rose significantly, this week is represented by Lisk cryptocurrency, which increased from $14,89 to $25,28 within 7 days, with its market cap rising from $1,7 billion to $2,9 billion during the same amount of time.

The Biggest Gainers

Name Market
  Cap
Price 
in $
Volume
 (24h)
Change %
(7 days)
Lisk 3 203 515 213 27,14 57 641 800 + 98.51
Ethereum Classic 2 957 854 243 29,63 672 762 000 + 93.25
Revain 580 039 915 3,14  26 683 900 + 153.05
ZClassic 402 497 195 121,85 10 925 800 + 89.96
Enigma 224 350 609 3,00 13 092 800  + 89.03

Nevertheless, past week was not so fortunate for some of cryptocurrencies. A lot of coins and tokens fell down in price and market capitalization, but did not decrease a lot, most of the cryptocoins lost less than 10%.

The Greatest Downers

Name Market
  Cap
Price 
in $
Volume
 (24h)
Change %
(7 days)
Populous 1 007 623 353 27,23 14 226 700 - 5.77
SmartCash 170 180 818 0,244776 310 954 - 4.17
Lykke 42 578 721 0,156602 73 457 - 4.91
Delphy 38 335 880 1,26 1 544 820 - 2.20
bitCNY 35 002 254 0,163426 40 363 500 - 8.18

The greatest downer of this week is bitCNY, which fell 8,18%, having its market capitalization decreased from $46 million to $34,9 million only within 7 days. Moreover, Populous, the token which has a huge market cap of more than $1 billion, has also had a relatively unsuccessful week. Populous fell 5,77%, having its price dropped from $45,7 to $24,07 from February 5 to February 12.