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“(There’s) the possibility of recognizing ETH as a security token. On the one hand, after the transition to PoS, the coin will have signs of security, such as, for example, the expectation of making a profit. And many financiers say that such an outcome is possible, " Serhii Zhdanov, CEO
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Expect the price of bitcoin and other riskier assets to bob and weave on the waves of macroeconomic uncertainty. Market Wrap is CryptoX’s daily newsletter diving into what happened in today's crypto markets. Source
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“The growing use of digital assets in financial activity heightens risks of crimes such as money laundering, terrorist and proliferation financing, fraud and theft schemes, and corruption,” the notice said. “These illicit activities highlight the need for ongoing scrutiny of the use of digital assets, the extent to which technological
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Ether sinks to its lowest level since July; bitcoin falls below $19.5K. Source
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Rostin Behnam, chair of the United States Commodity Futures Trading Commission, or CFTC, said the Ethereum blockchain’s transition to proof-of-stake may help reduce crypto’s energy usage, but hinted legislation would likely still be needed to address the problem.Speaking at a Thursday hearing before the Senate Agriculture Committee, Behnam addressed a
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Total cryptocurrency market capitalization regained the $1 trillion mark a brief fall under that level last week. Source
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While noting bitcoin's encouraging rebound from $18,500 earlier in the week, Joe DiPasquale, CEO of crypto asset manager BitBull Capital also said that such resurgences have not been unusual for cryptos during down markets. "While bulls will welcome this bounce, it is important to note how continued bearish price action
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Avalanche (AVAX) has recently spiked by as much as 11% in the past seven days, surpassing other leading cryptocurrencies.
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The White House Office of Science and Technology Policy (OSTP) has weighed in on the environmental and energy impact of crypto assets in the United States, finding that crypto makes a significant contribution to energy usage and greenhouse gas (GHG) emissions. It recommends monitoring and regulation in response.The report, released
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Standard-setters say existing rules for lending securities should apply to crypto, too, noting they could’ve prevented Celsius-style messy breakups. Original Source
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