SEC Regulations and SEC Vision Are Two Completely Different Things: What Does It Mean for Ethereum?

sec and eth

The Securities and Exchanges Commission is the most influential organization in the US when it comes for crypto. If the SEC officially disapproves a project, this project is doomed. Crypto exchanges, crypto companies, ICO startups all comply with the mighty SEC.

However, it is important to distinguish when the SEC comes out with an official statement and when the SEC representatives declare their thoughts and opinions on a particular issue.

This is what the report published by Jay Clayton on the official website of the SEC is about:

Statements issued by SEC staff frequently include a disclaimer underscoring the important distinction between the Commission’s rules and regulations, on the one hand, and staff views on the other.”

This leads us to another thought. So far the crypto community was sure the SEC did not consider Ethereum a security on the official level. However, now it turns out that it was just the point of view of the abovementioned Jay Clayton.

Thus, Ethereum (eth news) might still be a security after all. Hopefully, it will boost its exchange rate a little, since it hasn’t been particularly high these couple of weeks.

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Cryptocurrency Prices Today, February 14: Cryptocurrency Did Not Catch The Romantic Atmosphere And Began To Fall In Price

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency Rate

According to the Coingecko online platform, Bitcoin (BTC) lost 0.35% over the past 24 hours after a period of growth. The price at the time of writing is $3607 per coin.

Cryptocurrencies have returned to the red zone:

Bitcoin Cash lost 0.6% over the past 24 hours and costs $121 per coin;

Ripple fell by 1% and costs $0.30;

EOS decreased by 4.1% and its price is $2.78;

Litecoin dropped by 3.2% and its value is $41;

Cardano lost 2.5% and its cost is $0.040;

Stellar fell by 1.1% and costs $0.076;

IOTA decreased by 1.6% and its value is $0.26;

Dash lost 1.9% and its price is $78;

Monero dropped by 2.5% and costs $47.

Over the past 24 hours, Ethereum has lost 0.7%. The rate of the coin is $122.

The total market capitalization fell to $120 billion. Bitcoin accounts for 52.5% of the total. In monetary terms, it is $63 billion.

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Cryptocurrency Prices Today, February 13: Cryptocurrencies Are Showing an Upward Trend

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the online platform Coingecko, Bitcoin (BTC) added 0.4% over the past 24 hours after a period of growth. The price at the time of writing is $3620 per coin.

Cryptocurrencies once again moved to the green zone:

Bitcoin Cash added 0.57% over the past 24 hours and costs $121 per coin;

Ripple grew by 1.96% and costs $0.30;

EOS gained 5.78%, and its price is $2.92;

Litecoin lost 1.48%, and its value is $42;

Cardano increased by 1.31%, and its cost $0.041;

Stellar added 0.2% and costs $0.076;

IOTA grew by 3%, and its value is $0.27;

Dash remains stable, and its price is $82;

Monero gained 2.51% and costs $49.

Over the past 24 hours, Ethereum added 2.37%. The exchange rate of the coin is $123.

The total market capitalization is $121 billion. Bitcoin accounts for 52.6% of the total volume. In monetary terms, it is $63 billion.

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H&M Distributors Now Accepts Cryptocurrency Payments

More and more retailers are coming to the cryptospace, since the price of Bitcoin has stabilized for a period of time. American wholesaler H&M Distributors, a company dealing with lap holders, replacement ballasts, and accessories, will allow customers to pay with cryptocurrency. The payments will be conducted with the help of an e-commerce platform Champion.

Crypto became mainstream in 2018

The year of 2018 has brought cryptocurrency into mainstream especially when the market cap approached at $830 billion on January 7. Let us remind you some memorable moments of accepting crypto.

Cryptocurrency is the best alternative to traditional fiat currency, it is very viable to use as payment for cross border transactions as well. Cryptocurrencies truly allow for a universal and global system of finance that connects people across border payments.

Unfortunately, after massive downturn in market cap, people paused accepting crypto, yet, now it is high time to resume the tendency.

Details of possible payments

According to the press release, H&M distributors will accept payments in Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Dash (DASH) and Bitcoin Diamond (BCD).

From now on, retailers will be able to complete the transaction in seconds without paying commission. It will reduce or “eliminate currency conversion fees” that have to be paid when using traditional payment processors, as the result, the customers will save more money.

Furthermore, the US-based distributor wants “freedom from chargebacks” – which can occur when using more conventional banking services. The giant distributor thinks that cryptocurrency payment systems  “match the functionality of traditional fiat currency” and they go beyond traditional transaction processors in terms of “efficiency, accessibility, and security.”

The CEO and founder of H&M Distributors, Herb Needham, stated that:

“After more than 20 years in the business, we consider ourselves experts in specialty lighting. Accepting cryptocurrency payments allows us to share that expertise with even more clients by removing many of the barriers that made it difficult to sell internationally before. What sold us was the settlement system, which allows us to convert crypto payments to a USD equivalent right away.”

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Bitcoin Price Analysis: The Representatives of JP Morgan and Fundstrat Share Their Opinions About Bitcoin’s Future

Another week has passed, yet Bitcoin still shows quite plain dynamics on the graphics. In fact, its price has not changed significantly since January 10th. Bitcoin price is $3459 at the time of writing.

Source: CoinMarketCap

Since Bitcoin’s price has recently stabilized, many institutional players began changing their attitudes towards cryptocurrency, let us see what the representatives of global companies think.

JPMorgan

The Global Market Strategist at JPMorgan, Nikolaos Panigirtzoglou, reckons that due to Bitcoin’s stagnation many big players will return to the industry. The volatility has “calmed down” and it means that investors can give Bitcoin second chance. He also said:

“The stability that we are seeing right now in the cryptocurrency market is setting the stage for more participation by institutional investors in the future. The cryptocurrency market was a new market. It went through a bubble phase [and] the burst.”

In his interview to CNBC, he stated that the cryptocurrency could not grow, because it was not regulated, but now the situation can differ.

Fundstrat

Wall Street research firm, Fundstrat Global Advisors, is sure that the cryptocurrency may see  new lows soon.

“The price structure for most cryptocurrencies remains weak and appears vulnerable to a pending breakdown to lower lows,” Robert Sluymer, the spokesman of Fundstrat, said.

In addition, Sluymer stated that the price can vary from $4200 to $3100 or ever lower. If it suddenly hits more than $4000, it would mark a 25% increase over today’s prevailing prices. However, Robert emphasized that the technical fundamentals of Bitcoin remain weak, so the price can have downward tendency to the price mark of $3100 or even lower – $2700. The representatives of Fundstrat have also suggested that 250 small-cap coins are at risk, as they all are vulnerable to market jumps.

There are some reasons why Bitcoin price may fall down:

  1. Lunar New Year. During this period, Asian traders have relatively weak activity which may bring consequences to Bitcoin’s rate. The unofficial holidays will last till February 19.
  2. Uncertainty with the US budget. The Congress and the President of the US cannot reach an agreement, this will have influence on financial markets.
  3. Trade war between US and China.

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Cryptocurrency Prices Today, February 7: Are Cryptocurrencies Returning to the Green Zone?

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency Rate

According to the Coingecko online platform, Bitcoin (BTC) added 0.4% over the past 24 hours. The price at the time of writing is $3406 per coin.

Cryptocurrencies grow very slightly :

Bitcoin Cash added 2.91% over the past 24 hours and costs $117 per coin;

Ripple raised by 0.2% and its value is $0.29;

EOS increased by 2.63% and its price is $2.39;

Litecoin grew by 2% and its price is $33;

Cardano added 1.89% and its cost is $0.036;

Stellar plus 1.99% and costs $0.076;

IOTA raised by 1.99% and its cost is $0.24;

Dash grew up by 1.23% and its price is $67;

Monero became more expensive by 1.44% and costs $43.

Over the past 24 hours, Ethereum has added 1.79%. The rate of the coin is $105.

The total market capitalization is $112 billion. Bitcoin accounts for 53.4% ​​of the total. In monetary terms, it is $59 billion.

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SEC is Looking for Partners to Collect Blockchain Data

The U.S. Securities and Exchange Commission (SEC) have published an announcement that they are in search of companies that are involved in analyzing blockchain data.

According to official information, the SEC is looking for both large and small companies. As part of the cooperation, the regulator expects companies to provide data on the “most widely used” blockchain registers based on the volume of transactions in order to “monitor risk and improve compliance” associated with cryptocurrencies.

In addition, the companies will have to provide the Commission with information on how this data is extracted, transformed and verified.

Those who would like to cooperate with the SEC should send an application by e-mail with a brief description of their activities until February 14.

We want to remind you:

Does Blockchain Bring a Threat to the US National Security?

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