Another week has passed as the crypto space trudges through 2019 into the middle of March. The headlines rolled in while bitcoin’s price remained in a similar range as last week.

Check out the details from this week:

Bitcoin price still in the trenches of uncertainty

Bitcoin’s continued to fluctuate in the upper $3,000 range for most of this week. The asset still appears indecisive in its pursuit of further downward movement, or a change in trend to the upside.

Bitcoin’s daily chart, however, showed the 50-day moving average (MA) headed for a possible bullish crossing of the 100-day MA.

Read on Crypto Insider

Paxos plans to tokenize multiple real-world assets

Paxos announced its intention to release new digital assets “backed by precious metals and publicly traded stocks,” as stated in an article from Fortune detailing an interview with Paxos CEO Chad Cascarilla on Fortune’s show – “Balancing the Ledger.”

Paxos already experimented on transactions with tokenized equities and bonds with success, Cascarilla said to Fortune, including, “We’re getting pretty close, and I think we’ll see it in 2019.”

Cascarilla also mentioned work with blockchain-based commodities. He expects a gold-based blockchain asset to see introduction in 2019.

Although, Fortune noted Paxos still waits on a green light from the U.S. Securities and Exchange Commission (SEC).

Read on Crypto Insider

SEC chairman brings clarity on ETH security classification

Last July, William Hinman, SEC director of corporate finance, made comments in a speech on ethereum’s (ETH) status as a security, as reported by Coin Center. “Based on my understanding of the present state of Ether, the Ethereum network and its decentralized structure, current offers and sales of Ether are not securities transactions,” said Hinman in the speech.

For additional clarity on the matter, Coin Center, along with Representative Ted Budd, sent a letter to SEC chairman Jay Clayton.

On March 12, 2019, Coin Center reported Clayton responded with a letter, in which he included many different references to various situations. Essentially, he stated some digital assets may begin as securities, but might morph out of security status depending on alterations to the asset over time.

Clayton also said in the letter, “I agree with Director Hinman’s explanation of how a digital asset transaction may no longer represent an investment contract if, for example, purchasers would no longer reasonably expect a person or group to carry out the essential managerial or entrepreneurial efforts. Under those circumstances, the digital asset may not represent an investment contract under the Howey framework.”

Read on Crypto Insider

Coinbase Pro lists Stellar Lumens (XLM)

Wednesday saw Coinbase announce the listing of Stellar Lumens (XLM) on its Coinbase Pro exchange for supported regions, via a blog post.

Coinbase Pro opened for XLM deposits on March 13, 2019, according to the post. XLM will go through Coinbase Pro’s typical four-stage listing process, ending in full trading.

Available trading pairs mentioned are XLM/USD, XLM/EUR and XLM/BTC.

Read on Crypto Insider

Ex-CEO of Mt. Gox found “not guilty”

A Japanese jury found former Mt. Gox CEO Mark Karpeles “not guilty” regarding embezzlement and company law violations, according to a report from Crypto Insider.

The Tokyo District Court did, however, conclude Karpeles to be guilty of “tampering with records,” Crypto Insider reported.

Additionally, Karpeles faces legal action from two Mt. Gox customers, Gregory Greene and Anthony Motto, who reportedly lost their funds on Mt. Gox, Crypto Insider included.

Read on Crypto Insider

This week Crypto Insider also interviewed Elizabeth Powell, managing director at Steemit, and wrote articles on the new “Crypto” movie, Timechain as Satoshi’s vision and crypto in the developing world, as well as several other topics.

The post Weekly roundup March 11 – March 15 appeared first on Crypto Insider.

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