PDAXScope: BTC price, Crypto.com sues SEC, PH Prismo Tech

Bitcoin’s compressed $62K price signals ‘a large’ move next (Cointelegraph)

Cointelegraph reports that while Bitcoin price has been holding steady recently, pseudonymous trader Daan Crypto Trades expects a big shift. It also notes that additional rate cuts by the US Fed, or the US government selling more of its seized Silk Road BTC, could precipitate that shift. Given the uncertainty, Cointelegraph quotes the trader as saying “Your best bet is to wait for confirmation in times like these,” and to not make drastic trade decisions yet either way.

Crypto.com sues US SEC after receiving legal threat from regulator (Reuters)

Reuters reports that the US SEC has been served with a lawsuit by Crypto.com, alleging that the agency is overstepping its authority by attempting to regulate the crypto industry. The lawsuit was filed in response to the SEC having sent notice to the trading platform, declaring that the tokens it trades qualifies as securities and are therefore subject to enforcement actions. The SEC had no comment on the matter.

Win For Pinoys: Prismo Tech Gets Spot in Quadratic Accelerator (BitPinas)

Prismo, a Filipino-led layer-two hybrid public-private blockchain platform, has been chosen as one of the eight projects in the first cohort of Quadratic Accelerator. The Polygon-based accelerator announced the cohort selection on October 2. BitPinas notes that Prismo "could address the critical needs of large enterprises and even governments considering using blockchain in transactions and data management."

DISCLAIMER: 

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