Bitcoin News

Edan Yago is the founder of  CementDAO , an effort to bring together stablecoins into a unified ecosystem.  He previously was the CEO and co-founder of software firm Epiphyte and helped set up the industry associations DATA and the Stablecoin Foundation.  The views expressed here are his own. —————————- The U.S. Securities and Exchange Commission (SEC) has been gone to significant lengths in an attempt to understand the crypto asset space. This effort is to be applauded. However, the SEC has failed to come to terms with one fundamental aspect of crypto assets and systems. Namely, properly constructed crypto systems do not involve “persons” or “entities” and do not represent a form of property. For this reason, they do not have any analogue in the traditional financial world, nor can they fall under financial regulation. In the traditional financial world, assets are a claim on a specific property. For example, a commodity, shares in a company or a debt owed. Crypto asset

Friday, August 24: crypto markets have seen notable growth today, with all but one of the top 40  cryptocurrencies  by market cap solidly in the green, according to data from  Coin360 . Market visualization from  Coin360 Bitcoin  (BTC) has seen solid growth, having surpassed the $6,600 price point, starting the day just over $6,400. The leading cryptocurrency is up around 3 percent over the past 24 hours, trading at $6,624 at press time. August 22 Bitcoin  plunged  from above $6,700 to under the $6,400 price point, following news of  new anti-crypto policies  in  China , as well as another series of  application denials  for several Bitcoin exchange-traded funds ( ETFs ) by the U.S. Securities and Exchange Commission ( SEC ). According to  CoinMarketCap , Bitcoin and  VeChain  (VET) are the only two cryptocurrencies among top 20 coins by market cap that have seen some gains over the past 7 days, with Bitcoin up just  1.43 percent . Bitcoin 7-day price chart. Source: Coi