Recent Bitcoin ruling shows the U.S. SEC is not a DeFi fan—yetBTC $9190 (-0.6%) • ETH $237 (-1.2%) • XRP $0.197 (-0.5%)
The DeFi market is warming up and participants are increasingly considering allocating part of their funds towards the crypto sub-sector. But a recent legal proceeding may indicate there are regulatory struggles ahead. In the crosshairs are projects working on crypto-swaps or derivative models. SEC-Abra ruling proves costly Last week, Bitcoin and crypto wallet Abra came under the SEC scanner for selling equality-linked synthetic swap products to customers using their crypto holdings. But this was illegal, said regulators. Both the U.S. SEC and CFTC bodies levied a $300,000 (in total) penalty on the application. More news ⏬Wall Street veteran outlines why Ethereum is up 85% in 2020 and has long-term value
In some Bitcoin-centric circles, there’s been a sentiment recently proposed that Ethereum and its current use cases have no value. Thanks to our premium sponsors⭐️ XBTPro Exchange - $250 welcome bonus, zero fees on deposits, and very low trading fees. ⭐️ Cred - Cred is a global financial services platform serving customers in 183 countries. ⭐️ Paradox Group - Paradox is the Official Advertising Partners of CryptoSlate and specialises in Marketing and Blockchain Advertising. Matic testnet just powered Ethereum (ETH) to 7,200 tps; dApps next
Results of the Matic Network released today show promise for Ethereum dApps; after the team confirmed 7,200 transactions per second (tps) in testing. Analyst: XRP’s inability to rally as many altcoins go parabolic is a “remarkable” feat
Countless crypto assets have been on a tear over the past few weeks. Bank of England mulls digital currency as Chinese efforts surge
England’s premier bank announced Monday it is considering digital currency research and development. Bitcoin’s correlation with gold is critical as fears of a stock market collapse grow
As the pandemic continues spreading and the stock market keeps climbing, investors are growing increasingly fearful that a collapse is imminent. Why unprecedented exchange inflows aren’t stopping Chainlink’s momentum
After facing a grim rejection at its newly established all-time highs of $8.45, Chainlink’s buyers have stepped up and are once again pushing the token’s price higher. Fidelity Investments invests big in Bitcoin mining as institutions want crypto
In June, $2 trillion asset manager Fidelity Investments published a report on institutional investment in the Bitcoin and crypto industry. Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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