The Howey Test's seeming inapplicability is what may ultimately provide confidence for newer investors and leave the SEC focusing on a shrinking piece of the pie. ALSO: Investors may want to track crypto liquidity. dlawant, GWilliamsJr_CMT write
Will the application of the “Howey Test” spark the next bullish move in cryptocurrencies?
In my opinion, a public, transparent definition and application of what constitutes a security is a net positive for crypto markets. Because cryptos meet these criteria, the SEC can now target them, particularly those connected to a central entity, and/or issued for the purpose of raising capital. The SEC’s whitepaper on digital assets carves out “responsibilities performed and expected to be performed by an associated person , rather than an unaffiliated, dispersed community of network users”.
ETH’s market share has fallen from 20.52% to 20.1% with bitcoin fueling the decline. In the aggregate their combined market cap dominance increased by approximately 2%, while their correlations between each other rose 6%. Price movements on thin volumes generally indicate a lower-quality signal than those accompanied by higher trading volumes. Thin volume signifies limited market participation at a specific price level, potentially leading to increased price volatility and reduced market depth. Conversely, higher trading volumes reflect broader market participation that indicates a more robust consensus and provides a more reliable foundation for price movements, thus enhancing the credibility of the signal.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin 'Permabull' Max Keiser: 'El Salvador Will Be Debt Free by 2030 With Bitcoin' – Bitcoin NewsAccording to Max Keiser, thanks to Bitcoin, El Salvador will be debt free by 2030, as the Bitcoin price comes close to one million dollars.
Read more »
Crypto exchange backed by Schwab and Fidelity goes live offering bitcoin and ether tradingA crypto exchange backed by Schwab, Fidelity and Citadel has officially launched trading in four crypto assets.
Read more »
A 'truly diversified' portfolio should include bitcoin and ether, Ric Edelman saysInvestors and advisors can't ignore crypto anymore, according to Ric Edelman, founder of Edelman Financial Engines.
Read more »
Cardano, Ether Surge as Bitcoin-Led Rally Sees Short Traders Lose $125MAn overnight rally in $BTC pushed majors higher with cardano's ADA and $ETH rising as much as 7% and posting one of the largest single-day gains this month. By shauryamalwa.
Read more »
EDX crypto exchange goes live offering bitcoin and ether trading, backed by Schwab and FidelityA crypto exchange backed by Charles Schwab, Fidelity and Citadel has officially launched trading in four crypto assets.
Read more »
Casa launches self-custody vault for ether, expanding on bitcoin productSelf-custodial solutions provider Casa has launched ether vaults, adding to its existing bitcoin vault product.
Read more »