Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
SEC Chair
Proof of Stake Makes Cryptos More Security-Like, Says SEC Chairman
Securities and Exchange Commission (SEC) Chairman Gary Gensler had some chilling comments for proof of stake cryptocurrency issuers on Thursday. The chairman suggested that a proof of stake (POS) consensus mechanism can bring a given cryptocurrency closer to security status. Thus, it would compel the project to operate under the commission’s laws and jurisdiction. Bad News for Ethereum? The chairman reportedly shared his thoughts on POS cryptocurrencies with reporters after a congressional hearing. They would also coincide with the day…
3 years ago
Crypto Firms May Not Have to Comply with Some Laws – SEC Chair
In a recent discussion with Yahoo Finance, SEC Chairman Gary Gensler revealed that the US watchdog might overlook crypto firms when enforcing certain regulatory measures. Rather than subject crypto outfits to present securities laws, Gensler believes flexibility in new rules could help most crypto firms adhere to the constitution. New Market Slump Makes Regulation a Necessity Given the ongoing crypto decline and the collapse of various companies in the space, regulation is more important than ever. Some of the platforms…
3 years ago