Ether Archives

CFTC Chair Insists Ether Is a Commodity, Not a Security as Claimed by SEC Chairman – Regulation Bitcoin News

March 11, 2023 boss

The chairman of the Commodity Futures Trading Commission (CFTC) has insisted that ether is a commodity, not a security as claimed by the chairman of the Securities and Exchange Commission (SEC). The CFTC chief stressed that the derivatives watchdog would not have allowed ether futures products to be listed on CFTC-regulated exchanges “if we did not feel strongly that it was a commodity asset.” Ether Is a Commodity, Claims CFTC Chairman The chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, addressed the claim made by the chairman of…

Ether a Security? That Could Have Huge Ramifications for Crypto, Legal Expert Says

March 10, 2023

Once there are “federal guidelines, rules, regulations and laws that may preempt state law, oftentimes you’ll see things percolate up from the states and eventually make it before the [U.S. Supreme Court] to render the ultimate determination. And this is what we often see” in new and emerging asset classes and industries, she said. Source

On-Chain Liquidations Beckon as Ether Slumps to 2-Month Low

March 10, 2023

On-chain liquidations occur when the value of collateral added by a user borrowing an asset slumps, and the user is then required to add more margin to avoid it being liquidated. Conversely, the user will also risk liquidation if the value of the borrowed asset rises beyond borrowing capacity. Source

Ether Hits Two-Month Low Under $1.4K as Coinbase Premium Index Dwindles

March 10, 2023

The New York Attorney General’s decision to refer to ether as security in its lawsuit against the cryptocurrency exchange KuCoin likely catalyzed the selling. If ether is deemed as a security and not a commodity, then the Securities and Exchange Commission may subject ether investors to stringent requirements regarding registration, disclosure and accreditation. Source

What Happens if Ether is a Security?

March 9, 2023

“Technically the way that the draft reads, if you’re offering a platform to people where they can engage in these types of transactions, regardless of whether it’s a commodity or a security, New York is saying, ‘Hey, we think you might have to be a broker-dealer – either a securities broker-dealer, or commodities BD,’” Belton said. “If that’s right, this thing is much bigger than like, ‘Oh, hey, can the exchanges keep offering ether?’” Source

New York Attorney General Alleges Ether Is a Security in KuCoin Lawsuit

March 9, 2023

In a press release, the NYAG’s office said, “The petition argues that ETH, just like LUNA and UST, is a speculative asset that relies on the efforts of third-party developers in order to provide profit to the holders of ETH. Because of that, KuCoin was required to register before selling ETH, LUNA, or UST.” Source

Kwenta DEX Lures Traders to Capture Bitcoin, Ether Returns Regardless of Direction

March 9, 2023 boss

Kwenta works in tandem with Synthetix, a popular DEX that offers crypto, equity, and forex futures to traders. On Kwenta, Synthetix stakers take the other side of every trade. Funding rates attract traders on each side, balancing the skew. DEXs rely on smart contracts instead of middlemen to process trades. Original

Stablecoins and Ether are ‘going to be commodities,’ reaffirms CFTC chair

March 9, 2023 boss

Stablecoins and Ether (ETH) are commodities and should come under the purview of the United States Commodity Futures Trading Commission (CFTC), its chairman has again asserted at a recent Senate hearing. At the Mar. 8 Senate Agricultural hearing, CFTC chair, Rostin Behnam, was asked by Senator Kirsten Gillibrand about the differing views held by the regulator and the Securities and Exchange Commission (SEC) following the CFTC’s 2021 settlement with stablecoin issuer Tether, Behnam said: “Notwithstanding a regulatory framework around stablecoins, they’re going to be commodities in my view.” “It was…

Bitcoin BTC Price, Ether ETH Price Back in the Green After Being Tested by Fed Chair Powell’s Comments

March 8, 2023 boss

Data from CryptoRank, which tracks the fund’s portfolios and known holdings shows that while major funds like Delphi Digital, Polychain or Animoca are down an eye-watering 80%, 64%, and 81%, over the course of the last 365 days, they are still well into the green during the last three years. Original

Ether Call Options Look Attractive Relative to Bitcoin as Volatility Spread Dwindles

March 7, 2023 boss

Volatility is mean-reverting and has a positive impact on options prices. In other words, periods of unusually low volatility are followed by increased price turbulence, which, in turn, boosts demand for options, making them pricier. Thus, traders tend to buy options when volatility is lower than its long-term average. Original