Please try another search
© Reuters.
Investing.com - Cryptocurrency prices were higher on Tuesday amid a lack of a clear trigger, although optimists took heart from an announcement the U.S. Securities and Exchange Commission will host a series of meetups with crypto and fintech companies across the country.
The meetings, organized by the regulator’s hub for innovation, aims to help the SEC gain insight into the industry.
Entrepreneurs and others will be able to ask SEC staff about clarification on federal securities laws and if their companies and products, including digital assets, fall under their purview.
The SEC is currently reviewing more than one application to list exchange-traded funds dealing in cryptocurrencies. Its approval would greatly expand the accessibility of crypto assets for mainstream investors. It has refused all applications so far.
Bitcoin rose 1% to $3,891.10 as of 8:43 AM ET (12:43 GMT) on the Investing.com Index.
Cryptocurrencies overall recovered to $134 billion at the time of writing, compared to $133 billion on Monday.
Ethereum gained 1.7% to $134.30 and XRP inched up 0.35% to $0.31064 while Litecoin was jumped 3.7% to 0.3111.
In other news, the digital coin reportedly being worked on by Facebook could generate as much as $19 billion in annual revenue for it by 2021, Barclays (LON:BARC) analyst Ross Sandler wrote in a note to clients - although he said $3 billion was his base case. The $19 billion figure assumes that Facebook could use a new payments function to wring as much out of users as Alphabet (NASDAQ:GOOGL) does through Google Play.
“Merely establishing this revenue stream starts to change the story for Facebook (NASDAQ:FB) shares in our view,” Sandler said.
The social media giant is reportedly working creating a coin for global payments for use through its messenger app “WhatsApp.” The 'stable coin' will be linked to the U.S. dollar, making it less volatile than digital currencies on a public blockchain.
A California state regulator may be looking at overturning a ban on cryptocurrency donations to political campaigns which has been in effect since 2018. According to its May 2022...
The United States Department of Justice may move forward on a criminal prosecution case against a U.S. citizen who allegedly violated sanctions through cryptocurrency. According to...
Winston Churchill’s statement to “never let a crisis go to waste” can be applied across many aspects of society, including the recent carnage seen in the crypto...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.