Overprotective regulations could weaken the United States’ position in digital asset markets, according to one of the country’s leading securities officials. SEC Commissioner Hester Peirce, affectionately nicknamed ‘Crypto Mom,’ acknowledges that the regulator’s slow response to new technology could harm the nascent American blockchain sector.

Speaking at an event today, a former Nasdaq Vice-Chairman asked Peirce whether a slower process in turning around new regulation was “making the United States significantly less competitive.”

• Bitcoin Cash is trading down around twenty percent from its weekly opening price
• The BCH / USD pair is testing a major long-term trendline on the daily time frame
• The recent drop has created bullish MACD divergence extending towards the $290.00 level

Bitcoin Cash is consolidating around its current monthly trading low after the cryptocurrency suffered losses of around twenty percent, following the heavy early week decline in the cryptocurrency market. 

BitAsset has announced the integration of Dash into its platform, expanding its options for fiat trading in East Asia. The addition of new Dash / USDT and Dash/CNYT pairs will allow traders to trade through Tether-backed currencies, while a pair with the New Taiwan Dollar ensures direct fiat access.

Leading crypto analytics firm The TIE has launched a new suite of data feeds designed to provide professional and institutional traders with the tools to trade on some of cryptocurrency’s key fundamentals.

Called The TIE Data Services, users will have access to seven new APIs. This includes a much-expanded feed that will analyse and quantify the sentiment from more than 850M tweets every day.

This week, a company called smartmo launched a blockchain and IoT-powered bicycle parking solution. Commuters at the main railway station in Lucerne, Switzerland can now lock up their bikes using a smartmo smartlock parking station, with the payment and lock itself secured on the blockchain.

With radical price swings, market manipulation, and high profile hacks, bitcoin has never lacked excitement, but that started to change this summer. Prior to yesterday’s sharp drop, the OG crypto had been holding steady around $10,000 for over a month.

Not everyone’s in the red today. As virtual asset markets slide into double-digit hell, Tether, fiat’s leading cryptocurrency incarnation, is asserting dominance over its digital subjects.

While yesterday’s Bitcoin crash took traders by surprise, sentiment analysis shows that the floor had been crumbling beneath their feet for some time.

Data from The TIE show that Bitcoin’s daily sentiment score, which measures the number of positive or negative conversations on Twitter, has been declining for the entire month of September.

• The Ripple-associated token suffers its largest one-day drop since late June this year
• The XRP / USD pair has broken below its current 2019 trading low
• Weakness under the $0.2380 level could provoke an upcoming test of the $0.2000 level

The cryptocurrency associated with Ripple has come under tremendous downside pressure alongside the broader cryptocurrency market, with the third-largest cryptocurrency by market capitalization declining to a fresh 2019 trading low.