Black Days For Crypto

For the first time since 2017, Ether has fallen below the $500 when it reported from the US Securities Market Agency (SEC) that they are investigating dozens of public offerings of cryptocurrencies (ICOs - Initial Coin Offerings). After the publication of this message, the Ether lost 20% of its value. Later, it strengthened again, but the uncertainty remained.

kaleidoscope source

SEC representative, responsible for the investigation of irregularities, said at the conference that the SEC section for the crime is very active in the field of cryptocurrencies and will step up its investigations.

The effect of this statement on Ether should be linked to the fact that the majority of ICOs use Ethereum as an infrastructure for smart contracts. This is one of the important facts that stimulates the growth of the Ether, so the limitation of ICOs would have a big effect on the demand for Ether.

In February, the SEC sent several formal requests to companies it considers to be illegal with ICOs. This is nothing new, as the SEC had been intensively investigating this area last year and issued several requests for an investigation. The SEC strengthened its position this month when it stressed in the official statement that the exchange offices must be registered and that ICOs are subject to similar rules as for public offering of shares.

image source

In the meantime, new blow on social networks. After Google and Facebook, Twitter has now ban advertising. With just a few exceptions, Twitter will forbid the advertising of most cryptocurrencies. The ban will also include ICOs, exchanges, online wallets, and so forth.

Really nothing good for hodlers, huh?

More crypto news:
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Google Will Forbid Advertising Crypto
Future Crypto Economy (FCE)
Cost Of 1 Bitcoin Mining
Half of last year's ICOs has collapsed
Malta Approved Cryptocurrencies
Venezuela Issued Petro
BTC Transaction Fees Normal Again
Fourth Generation Of Digital Assets
Blockchain Investments
Corrections And Recovery Periods Of Crypto Market
Cryptoeconomic Protocols
Dynamics Of The Cryptomarket
Investment In Crypto Portfolios
Story Of The Pump And Dump

Enjoy the rest of the day!

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