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…
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The CFTC Take A Stance Amid SEC’s Legal Tussle with Telegram
The Commodity Futures Trading Commission(CFTC) gave their opinion on the ongoing legal battle between telegram and Security Exchange Commision. On February 18, CFTC filed a letter after a New York Southern District Court Judge requested their opinion on the tussle at hand. The dispute is based on the functionality of Telegram’s digital currency, Gram. The letter states that the digital currency should be regarded as a commodity and not a security. Despite the letter getting released by the office of…
5 years ago
Telegram Comments on Its Native Crypto, Gram
On the 6th of January 2020, in a blog post, Telegram clarified that its native token, Gram, is not an investment product. Telegram further explained that people should not expect profits by purchasing or holding the token. On the other hand, the US SEC is in charge of securities in the United States. The SEC recently filed a court application against the platform offering Gram token, assuming that the token is under the commission’s jurisdiction. Is Gram Designed for Ton…
5 years ago