Where is Dogecoin?
Did the era of the Dogecoin, the most famous cryptocurrency, come to its end, or it is just a calm before the storm? Let’s find out!
Crypto assets go down, as EU watchdogs consider ICO cases
On Tuesday, crypto assets sank due to the fact that the European bloc’s securities regulator told that it would carefully scrutinize every initial coin offering with the aim of determining whether it needs to be regulated or not.
As a matter of fact, on the Bitfinex exchange, Bitcoin inched down by 0.64% ending up with a reading of $6,629.50.
Crypto assets generally inched down, with the overall crypto market capitalization amounting to up to $218 billion in contrast with Monday’s outcome of about $221.
In addition to this, Ethereum, alternatively dubbed Ether, slumped by approximately 1.06% trading at $227.50. As for Litecoin, this crypto asset accounted for $58.824, heading south by 0.60%. Besides this, XRP declined by 3.81% trading at $0.47771.
On Monday, the European Securities and Markets Authority told that it would be taking a closer look at literally every ICO because the watchdog is eager to learn whether they fit into the EU’s current regulation or not.
Eventually, an ICO can be defined as a token, just like all-mighty Bitcoin issued to ramp up funds for small businesses. Watchdogs around the globe have already warned against investing in ICOs because Bitcoin as well as other crypto assets become more popular.
Moreover, Jay Clayton, US Securities and Exchange Commission governor told that ICOs need to be classified as securities. In the European bloc, watchdogs have already come up with a warning to retail investors.
Some financial analysts pointed out that some of these ICOs have much in common with financial instruments. Therefore, if they happen to be financial instruments, they should be naturally subject to the entire regulatory
The number one question here is what to do with all those Initial Coin Offerings, which are outside the regulatory framework.
Similar
Bitcoin: down at $40,000; more losses ahead?
The main digital coin erased all the gains done after Elon Musk's February announcement. What are we heading into?
Ethereum: faster than Bitcoin
Ethereum crossed $3000 recently and is aiming at $3500 already. Is it taking over Bitcoin's place?
Latest news
Increased Volatility is Coming
The Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.
Market Crash Incoming?
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
What Currency Will Overperform?
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
