The SEC ordered that Unikrn payout “substantially all of the company’s assets” to investors, disable its token, and request that UnikoinGold is delisted from exchanges in connection with its 2017 ICO.

Between June and October 2017, Unikrn raised $31.4 million through its UnikoinGold (UKG) initial coin offering to fund a crypto-enabled eSports betting platform. Before that, Seattle-based Unikrn raised $10 million in its Series A and Seed rounds from Ashton Kutcher, Mark Cuban, Shari Redston, Elisabeth Murdoch, and others. 

Bitcoin price indicators equivalent to the price-to-earnings (PE) ratio for stocks point towards an uptrend, according to leading on-chain analysts. The growth in total mining hashrate is also setting BTC up for more gains.

The PE ratio of a stock is the ratio between its share price and its earnings per share. A company’s earnings are defined by the profits, after-tax, distributed to shareholders for the financial year. 

The Indian government is planning to ban cryptocurrency trading in the country, according to new reporting. If passed through parliament, a new ban would impact almost two million active crypto traders.

According to sources who asked not to be identified, citing rules surrounding discussing issues with the media, India’s federal cabinet is set to discuss a bill that will ban crypto. The bill will then be sent to parliament.

Ampleforth, the protocol behind the elastic supply token, AMPL, announced today the launch of a rebasing “Smart Pool” in collaboration with Balancer Labs. The initiative will help reduce costly impermanent loss for traders.

MicroStrategy, a U.S. business intelligence company, released a K8 form informing the SEC and the public that the company may increase its Bitcoin holdings beyond the initial $250 million investment in August. 

Since the filing, the company has invested another $175 million in BTC.

DeFi projects Hegic and Perpetual Protocol helped facilitate a major breakthrough in how permissionless token sales are conducted. Both protocols maximized for fairness and efficiency, offering significant benefits to previous IDO models.

DAI is once again trading well above its desired $1 peg as MakerDAO governance voted to increase stability fees, forcing buyers to compete for DAI already in existence.

MakerDAO’s native stablecoin DAI is trading at a stark premium, making life difficult for its users. All stablecoins diverge from their peg from time to time, but DAI is notorious for failing to rebound quickly.

New information has been revealed about Tether’s ability to reverse USDT transactions, according to reports from the Block this week.

Bitcoin looks ready to advance past $11,000 after a week of consolidation. Ethereum is projected to start falling again despite 10 days of slowly climbing prices.

Bitcoin consolidated within a narrow range over the past week, which followed its 19% drop at the beginning of September. On BTC’s 4-hour chart, prices are contained within an ascending triangle. A rising trendline is developing along with the swing-lows while a horizontal line formed along the swing-highs.

Chainlink will provide price reference data for Crypto.com’s DeFi wallet in its latest integration. Crypto.com will also provide its price data for CRO/ETH and CRO/USD onto the Chainlink Network.