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In the past 24 hours, more than $350M has been liquidated due to the dump in Altcoins.
The whole #crypto market is taking a bloodbath!π©Έ
This is happening because The SEC has sued major exchanges for trading securities.
This thread contains A to Z about security tokens:π§΅
The whole #crypto market is taking a bloodbath!π©Έ
This is happening because The SEC has sued major exchanges for trading securities.
This thread contains A to Z about security tokens:π§΅
What are Security Tokens?π€
They're digital assets tied to tradeable external assets.
They must follow federal regulations or face penalties.
Like bonds & equities, they can represent ownership in assets or earnings.
They are issued by STS.
They're digital assets tied to tradeable external assets.
They must follow federal regulations or face penalties.
Like bonds & equities, they can represent ownership in assets or earnings.
They are issued by STS.
How do security tokens work?π
Security tokens are blockchain-based investments.
Token holders get dividends and company ownership.
They pass the Howey Test, meaning they're subject to federal regulations as they derive value from tradeable assets.
Security tokens are blockchain-based investments.
Token holders get dividends and company ownership.
They pass the Howey Test, meaning they're subject to federal regulations as they derive value from tradeable assets.
Difference between Security Tokens & Utility Tokensπ
The SEC named 19 cryptos as securities in lawsuits against Binance and Coinbase.
In the lawsuit against Binance, the SEC identified the following tokens as securities:
Μβ’ $ATOM
β’ $BNB
β’ $BUSD
β’ $COTI
In the lawsuit against Binance, the SEC identified the following tokens as securities:
Μβ’ $ATOM
β’ $BNB
β’ $BUSD
β’ $COTI
In the case against Coinbase, the SEC classified these cryptos as securities:
β’ $CHZ
β’ $NEAR
β’ $FLOW
Μβ’ $ICP
β’ $VGX
β’ $DASH
β’ $NEXO
β’ $CHZ
β’ $NEAR
β’ $FLOW
Μβ’ $ICP
β’ $VGX
β’ $DASH
β’ $NEXO
These tokens on both Binance and Coinbase were also tagged as securities by the SEC:
β’ $SOL
β’ $ADA
β’ $MATIC
β’ $FIL
β’ $SAND
β’ $MANA
β’ $ALGO
β’ $AXS
Surprisingly, $ETH is excluded from their list.π§
β’ $SOL
β’ $ADA
β’ $MATIC
β’ $FIL
β’ $SAND
β’ $MANA
β’ $ALGO
β’ $AXS
Surprisingly, $ETH is excluded from their list.π§
The #Binance and #Coinbase lawsuits are pivotal for crypto, potentially shaping future laws βοΈ.
The crypto market π awaits the outcomes, calling π for clear rules π to balance investor protection π‘οΈ and innovation π‘.
The crypto market π awaits the outcomes, calling π for clear rules π to balance investor protection π‘οΈ and innovation π‘.
Also recently, the Golden/Bid metric has dropped by 20%
This indicates that most of the whales have removed buy bids.
Making bearish sentiments in the market.
Anyways, remember, FUDS are temporary but crypto is forever.
This indicates that most of the whales have removed buy bids.
Making bearish sentiments in the market.
Anyways, remember, FUDS are temporary but crypto is forever.
That's a wrap!
Stay tuned for more threads on the blockchain, cryptocurrencies, and other exciting innovations in the space.π₯
If you enjoyed this thread:
1. Follow me @EvanLuthra for more of these
2. RT the tweet below to share this thread with your audience
Stay tuned for more threads on the blockchain, cryptocurrencies, and other exciting innovations in the space.π₯
If you enjoyed this thread:
1. Follow me @EvanLuthra for more of these
2. RT the tweet below to share this thread with your audience
https://twitter.com/206930103/status/1667524793992720386
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