One of the most popular cryptocurrencies and blockchain networks in the market, Ethereum Classic (ETC), has recently completed its Agharta hard fork at block number 9,573,000 on Sunday. The Agartha hard fork aimed at making the ETC client fully compatible with Ethereum.
The U.S. Securities and Exchange Commission (SEC) has produced evidence of post-ICO (initial coin offering) sales, saying that it undercuts the company’s argument that the offering was exempt from registration requirements. Earlier, the company had officially claimed that they did not conduct any sales after the initial offering end. SEC has also requested full banking records of Telegram.
Analyst and Adaptive Fund partner, Willy Woo, has said Litecoin (LTC) is showing very bullish signals. ’I’m expecting a bullish run in BTC (Bitcoin) lead by LTC as a confirmation signal’, he wrote. After bottoming at $36 on Dec. 18, 2019, Litecoin has been making a series of higher highs and higher lows, to the current level of $50.08.
Video gaming giant Ubisoft has announced that the next season of it’s Entrepreneurs Lab will focus on Blockchain and Social Entertainment. The company said that it can see an ecosystem flourishing with all that crypto currency can allow. Entrepreneurs Lab is now recruiting new startups for its fifth season of the incubator program set to last until November 2020.
FTX crypto derivatives exchange platform has begun services for Bitcoin (BTC) options. Shortly after the announcement on Saturday, CEO Bankman-Fried said the platform had hit $1 million in volume. Launched in 2019, FTX is already leading the derivatives market. Coingecko’s ranking puts FTX as the eight largest exchange derivatives platform.
As per newly released documents from the SEC, at least two entities invoiced Telegram for commissions from selling the company’s tokens in the summer of 2018, months after the company’s ICO. The SEC said the evidence of post-ICO sales undercuts the company’s argument that the offering was exempt from registration requirements.
Ethereum Classic’s Agharta protocol upgrade has gone live on the mainnet on 12th January. ETC’s Agharta essentially added the ETH Constantinople opcodes to ETC mainnet. The main aim of Agharta is to make Ethereum Classic more interoperable and to bring about compatibility between ETC and ETH.
Elon Musk teased the Bitcoin community with cryptic comments on Twitter - ’For the love of blockcha…err, Bitcoin!’. Musk followed up that tweet with another which read - ’Bitcoin is *not* my safe word’. There was no additional comments from Musk.