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The Hong Kong SFC's announcement to allow trade in specific cryptocurrencies has triggered an uptick in crypto adoption among market participants. Amid this development traders also showed significant interest in Chinese-related crypto projects and are expected to witness a notable surge in the near future.
Crypto trading firm Cumberland will halt trading in the token used by the decentralized storage platform Filecoin.
In this article we delve into the latest news and price updates of three major crypto assets: IOTA (MIOTA), Filecoin (FIL), and Cronos (CRO).
Filecoin's core developer count has been increasing steadily since its launch in 2014, in a stark contrast to FIL's downtrend price action.
The U.S. Securities and Exchange Commission (SEC) asked Grayscale to withdraw its application to make its Filecoin (FIL) Trust product more like a public company, the asset manager revealed on Wednesday. CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De discusses the details.
Filecoin price analysis indicates the behavior over the past 48 hours reveals an upward trajectory initially, followed by a notable shift further towards a bullish movement, leading to a substantial increase from its position at $4.408. On May 19, 2023, the price experienced a significant crash, resulting in a depreciation of $4.
Grayscale also noted that it doesn't believe that Filecoin is security and seeks to respond to the SEC staff with a legal basis for their position.
Although the cryptocurrency market is full of assets of various shapes and sizes, with different utilities and investor appeal, not all of them present an equally good opportunity to invest at all times. In fact, some might be wise to outright avoid trading, at least for the time being.
Although the cryptocurrency market is full of assets of various shapes and sizes, with different utilities and investor appeal, not all of them present an equally good opportunity to invest at all times. In fact, some might be wise to outright avoid trading, at least for the time being.
Filecoin, a decentralized storage platform based on blockchain technology, has recently found itself entangled in a regulatory debate as the United States Securities and Exchange Commission (SEC) raises concerns over its classification as a security. Grayscale Investments, a prominent digital asset management firm, has been instructed by the SEC to withdraw its application for a Filecoin Trust, citing potential securities implications.
Filecoin price analysis indicates the behavior over the past 48 hours reveals an upward trajectory initially, followed by a notable shift towards a bearish movement, leading to a substantial decline from its position at $4.63. On May 18, 2023, the price experienced a significant crash, resulting in a depreciation of $4.
Filecoin Foundation refuted the U.S. Securities and Exchange Commission's (SEC) assertion that its FIL token is a security, according to a statement shared with CryptoSlate. On May 17, Grayscale said the SEC asked it to withdraw its registration statement for its Filecoin Trust because the token meets the definition of a security.
The SEC sent Grayscale a comment letter.
Grayscale Investments, the largest digital currency asset manager by assets under management, made an announcement on May 17 regarding a comment received from the U.S. Securities and Exchange Commission (SEC). According to the SEC, the crypto asset filecoin qualifies as a security under federal securities laws.
The US Securities and Exchange Commission (SEC) is back on the attack on the security token front, this time rejecting the Grayscale Filecoin Trust's application for registration.
In a recent surprising development, Grayscale Investments has been advised by the U.S. Securities and Exchange Commission (SEC) to withdraw its proposition for a Filecoin Trust. This caution stems from the SECs perspective that Filecoin, the trusts underlying asset, could potentially be categorized as a security under federal law.
The SEC crackdown on crypto firms has intensified significantly since the bear market of last year incited by several collapses and bankruptcy filings of crypto exchanges.
Greyscale has now fallen into te SEC's radar after the watchdog made an move on filecoin which could affect Grayscale filecoin trust. According to the SEC filecoin can be regarded as a security.
The SEC's recent classification of Filecoin as a security has raised eyebrows among Grayscale investors and the wider crypto market. This development adds a new twist to the ongoing debate about the regulatory status of cryptocurrencies, potentially influencing future regulatory decisions.
The request came after Grayscale voluntarily filed a Form 10 request with the intention of making Filecoin Trust a reporting entity.
FIL, the native cryptocurrency of the decentralized storage system Filecoin is up by 3% over the last 24 hours and is currently trading at $4.61 with a market cap of $1.9 billion. The recent up move in FIL comes despite the U.S. Securities and Exchange Commission (SEC) calling Filecoin a security.
The Securities and Exchange Commission (SEC) announced on Wednesday that it considers Filecoin's token (CRYPTO: FIL) a security. What Happened: This decision comes after Grayscale Investments launched its Grayscale Filecoin Trust in March 2021, providing investors with indirect exposure to FIL.
Grayscale Investments received news from the U.S. Securities and Exchange Commission (SEC) on Wednesday that the FIL token of Filecoin is considered a security by the regulator.
The SEC recently determined that Filecoin meets the definition of security, but Grayscale disagrees.
