Any platform that uses a distributed ledger to store user data (blockchain, ethereum) is, by all means, screwed. There is absolutely no way around this. What if companies just ignore this new enforcement? Well, the fine is only 4% of your company’s revenue, up to 20 Million Euros.

So if you have invested in a project, own a project or are generally interested in better understanding how this market will evolve, please do pay attention to the following: storing any user data on any public distributed ledger is half-way to a really, really, really unpleasantly expensive outcome.

From the top 100 cryptocurrencies, how many can you identify that will face issues due to this new regulation? Platforms that hold user data in any form must assure there is a way for that data to be deleted. Let me underline this again: it means a big no-no to storing any user data on a ledger from where that data cannot be deleted.

Remember when ETH crashed from $20 down to $8 in a week? That was the end of the world. It sat there and did nothing for about 6 months. Agonizing. The death of ether. Will never come back.

And then a few months later it had gone up to $400. 50x gains. Ah, that was sweet.

Remember right after that when ETH crashed from $400 down to $200 in a month? That was the end of the world. Oh, the insults we had to bear here on the forum. The death of ether. Will never come back.

It took 2 months to come back to $400, the sat around $300 and did nothing for two months. That was the end of the world. Agonizing. The death of ether.

But then it came back and went to $1400. Ah, that was sweet. We were all picking out our Lamborghinis. Mine was orange.

Remember when it crashed from $1400 down to $650? That was the end of the world. The death of ether. will never come back.

Moral of this story: if you think ether is dying, if you think it will never come back, you're too young in this game or you haven't been paying attention. If you think after a while of ether doing nothing that it is suddenly going to go up to some ridiculous price, then yeah... you've been paying attention.

850 million dollars has already been invested in ICO Telegram

ICO messenger Telegram, has not yet begun officially, has already set an absolute record for the size of the collected investments. The founder of Telegram, Pavel Durov reported to the Commission on securities and stock exchanges of the USA (SEC) about raising $850 million from 81 investors.

According to reports, the placement of securities was carried out by two companies registered in the British virgin Islands – Telegram Group Inc and TON Issuer Inc, which are managed by brothers Paul and Nicholas Durov. The receipt of investments began on January 29 and ended on February 13, when the amount of applications exceeded the planned volume by more than 6 times: instead of $600 million, investors expressed a desire to invest $3.8 billion in the TON - project of the messenger and payment network on the blockchain. As a result, applications for $850 million were approved.

ICO Telegram cannot be called a regular token sale: it is a much more classic and us-approved placement of securities in dollars and euros. The SEC report is information on the placement of securities in form D, which is often used by small companies to obtain venture capital financing and exempts the issuing company from submitting a complete set of documents and financial statements.

US senators undecided in their attitude towards crypto-currencies and their regulation
 
The crypto community can breathe a sigh of relief: the long-awaited meeting of the us Senate devoted to cryptocurrencies and their regulation took place in a very positive way. The head of the SEC, Jay Clayton and the Chairman of the CFTC and Christopher Giancarlo told about the plans of their departments, the protection of seniors, the education of librarians and their own children, preferring the bitcoin stock market.
Just 9 years have passed since Satoshi Nakamoto released his "white paper" (WhitePaper), and bitcoin has already become the subject of heated debates senators on Capitol hill. Both cryptocurrencies and the technology behind them are slowly but surely changing our lives. They also require support of state structures, development and Federal supervision. Therefore, the main conclusion for the cryptocurrency community following the results of the historic meeting: there is no question of any ban on operations with cryptocurrencies or trading in crypto assets.
 
This writes Forbes - source of authority.

Where does this weakening of bitcoin and the market crypto currency in general? Let's consider several reasons.
1. Facebook prohibits advertising On Tuesday, Facebook said that it prohibits advertising of crypto-currency projects on its platform.
 2. India tightens its approach to crypto-currencies Indian Finance Minister Arun Jeytli said in a speech at the presentation of the country's budget that the government "will take all measures" to make it impossible to use digital currencies "to finance illegal activities or as a replacement for the payment system."
3. Bitfinex and Tether problems The crypto community has previously looked with suspicion at the bunch of Tether crypto currency and the Bitfinex exchange, wondering if each Tether token is provided with a dollar, and recently the US Commission for Commodity Futures Trading sent the company a summons. The most serious charge against Tether lies in the fact that with its help the cost of bitcoin is inflated.
4. Major hacking Japanese Coincheck said that it plans to spend up to $ 426 million on customer payments - these are the consequences of the hacking, which stole NEM tokens worth about half a billion dollars. This is the largest theft since the hacking of the Mt. Gox in 2014.
5. Own volatility Bitcoin and its counterparts are volatile by nature, but in 2018, amid steadfast attention from American and Asian regulators, this trend has intensified.

And what do you think about this?