You are reading about: "SEC: Cryptocurrencies such as Bitcoin and Ethereum are not securities; market rebounds"
Bitcoin has been making gains over the past several hours, rebounding from the 6350 USD mark to a daily high over 6700 USD.
The leap off the bottom happened just after the news report published via the CNBC.
Below quick debrief on some other topics that emerged as the rebound started happening:
Is EOS a security?
EOS is a cryptocurrency popular mainly in Asia that has earned a substantial amount of money through and only recently launched its own blockchain.
Blockchain enthusiasts seem to agree that as EOS is already done with its crowd fund it should not be a security, just as Ethereum is now officially not a security.
Will all cryptocurrencies be judged individually?
As Peter Van Valkenburgh of Coin Center explained live on Bloomberg TV on June 14 2018, in most cases it will be possible to go by analogy.
The SEC commented Bitcoin and Ethereum in particular, the two cryptocurrencies that represent well the two kinds of tokens that make the majority of the crypto markets - cryptocurrencies meant for payments and cryptocurrencies as app tokens.
This should also prove valid for the question of EOS above, just saying “it is meant to be treated like ETH” is not good enough though.
Calling a cryptocurrency a ‘utility token’ does not mean it cannot be a security.
What is important for the SEC is the actual usage rather than the label assigned to it in the whitepaper. What is judged here is how decentralized the network is, whether there is investor assymetry to be addressed, how is the token being used on the platform.
This is not a new thing either, SEC merely confirmed the common sense that the community already assumed.
The crypto trading community is indeed coming back to the good humor it is known for:
Data is beautiful
Shocking Facts About Cryptocurrency Heists [Infographic]
If there is one question in the history of Bitcoin that cannot be answered with anything more than an estimate, it is the problem of how much of Bitcoin’s supply is actually ever available on...
The Good And The Bad Of ICOs [Infographic]
Infographic: The good and bad of ICOs - Which token sales raised the most money in 2018?
Comparing Forex Market with Crypto Markets [Infographic]
One of the few metrics that cryptocurrency markets have in common with the forex markets in 2018 is the high percentage of total trades being located on few most popular markets.
Brand development in forex and crypto: Most expensive domain names [Infographic]
Crypto infographics - Most expensive domain names in forex and crypto. Targeted brand development in forex and crypto with domain names.
East vs. West: Which One Sides More With Blockchain?
Digital cash schemes were the holy grail of the late 90s, but since the bitcoin blockchain was invented, suddenly nobody in the West cares.
New Horizons in Fintech: Payments, Data and Partnerships [Infographic]
The global fintech market saw a period of consolidation in 2018, which is exactly what we saw also in terms of price evaluation of crypto assets. In spite of the “crypto winter”, which is apparently...
Esports: Growth by the Numbers [Infographic]
Esports is a rapidly emerging category as a real sport. It’s even beginning to compete with traditional sports.
Top 8 Women in Blockchain Technology [Infographic]
When it comes to women in crypto, the pre-2016 OG heads will probably come up with names like Alena Vranova and Blythe Masters. Alena Vranova is the former CEO of Satoshi Labs, the company that...
Blockchain Consortium in Trade Finance: 6 Notable Networks [Infographic]
The success of trade finance blockchain implementations depends on how widely they are adopted. That's why we have seen businesses form consortia based on similar interests.
Blockchain Technology 101: Blockchains, Blocks and the Role of Price [Infographic]
Blockchain technology 101: What is blockchain, what types of blockchains exist and what role does the cryptocurrency price play.
Real-world companies that accept crypto payments [Infographic]
Infographic - Graphic map of businesses that let customers pay in bitcoin.
Infographic: Blockchain Hacks & Crypto Trading Platform heists 2018 vs 2017
Blockchain infographic comparing the biggest crypto heists of 2018 and 2017. In 2017 the focus lied more on ICOs, smart contracts and wallet.
15 crypto kings that are making history with their engagement in the field of cryptocurrencies
Coining The Bucks With Cryptocurrencies Have you ever wondered how much masters of the cryptocurrencies are worth? Like the guy who founded Ethereum, or the one who started Ripple, for example. The answer, in short,...
Industry News Releases
Call to blockchain coders in the US: The Global Blockchain Hackathon, an event taking place...Read >>
- Etheremon celebrating #ChineseNewYear2019 with a series of bounties (Ends 8:00 AM UTC on Feb 11th)
- Crypto Marble dApp Game: Monopoly on Blockchain
- The dApp gaming platform VX Network launched the official VX Wallet in Apple App Store and Google Play
- Etheremon's first Chinese New Year Campaign: Chance to recall two rare mons
- Fuel Games and Cryptokitties bring you "The Cat in the Pack" until the end of January 2019
- Action RPG dApp game Hero of Cryptoworld is starting its character presale