Bitcoin (BTC) has managed to pull off a breakout above the 50 MA. While this is a good indication that bulls are still present, it is worth noting that there are still key resistances waiting to be retested before we can confirm a new rally. Potential immediate support ranges from 11,200 - 11,000, while key support sits around 11,500 - 12,000. This scenario could be invalidated if price fails to sustain and heads back below 10,800.

Global market cap is at $360B, while BTC's market cap is at $210B.

Japan’s SBI Holdings Kicks off First Security Token Offering

SBI Holdings, a major Japanese financial conglomerate, is planning to launch its own security token offering (STO). The upcoming STO will allot shares of SBI e-Sports, the company's new e-sports gaming arm, and will be conducted using the blockchain platform ibet. The STO is scheduled for October 30 and will be carried out by SBI Securities, with SBI Holdings as an underwriter. SBI said that it looks to tokenize a number of assets in the future, including real estate, fine art, and intellectual property rights.

The news of the STO comes shortly after SBI acquired crypto exchange TaoTao, as well as a 10% stake in digital security startup Boostry, the developers of ibet.

Spanish lawmakers get cryptocurrency in a bid to promote industry
All 350 members of Spain’s lower house got 1 euro equivalent in cryptocurrency, and it’s not a donation

All 350 Members of Spain's lower house received 1 Euro equivalent in cryptocurrency. According to Spanish news outlet ABC, the initiative was a plan of Tutellus and is aimed to promote the use of cryptocurrencies in the country. Tutellus is a decentralized platform looking to tokenize the education technology, and the BlockChain Observatory. Miguel Caballero, founder of Tutellus, said that the goal is to raise awareness about the future role of cryptocurrencies in society. In addition, he said that the crypto sent to the members of the lower house was not a donation and explained that some congress members might be familiar with cryptocurrencies but for some who are new and have no experience with cryptocurrencies, this is an opportunity to learn more.

Spanish banks have been interested in the crypto space in the past years and some have ongoing partnerships or projects. To name some, Santander has partnered with Ripple for blockchain-based payments platform while the Banco Bilbao Vizcaya Argentaria (BBVA) launched a study to explore zero-knowldege proofs and other cryptographic techniques.

Group raising funds to sue Andre Cronje over EMN hack
Cronje may have gone silent on Twitter, but it hasn’t stopped people from trying to sue him for the EMN hack

A group of investors is raising funds to sue Andre Cronje regarding the hack of unreleased and unfinished project 'EMN Protocol'. The group EMN investigation said they are raising funds for the lawsuit to be filed against Yearn.finance (YFI) founder Andre Cronje, Yearn developer 'Banteg', and Yearn supporter Blue Kirby. 100% of the donations would be allocated to finance the lawsuit, and is set to end on November 9. In addition, the group said that after the crowdfunding campaign, they will airdrop 50% of the supply of a fork of YFI to donators while the other 50% of the supply will be airdropped to the victims of the EMN scandal.

The EMN protocol was hacked on September 29 and the hacker was able to amass $15 million, but returned the $8 million back to Cronje. According to Cronje, the EMN protocol was not supposed to be released for another three weeks at the time of the hack. Since then Andre Cronje has stepped away from social media due to death threats.

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