What crypto news is happening today? It’s a question crypto traders and crypto enthusiasts ask themselves all the time. There are so many crypto coins on the market. It can be hard to know which ones to focus on. To help you stay informed about crypto news worldwide, we have compiled a list of three main points that show what’s going on in crypto news today.
1) One thing that has been making headlines lately is Bitcoin Cash futures trading against BTC. On February 1st, two exchanges will open up trading for Bitcoin Cash futures contracts against bitcoin: BitMex and OKEx. The contract size will be $100 worth of BCH (approximately). This could mean big things for both Bitcoin Cash and crypto markets in general.
2) According to crypto news today, the SEC and CFTC have announced a joint probe into cryptocurrency exchanges. The Commodity Futures Trading Commission (CFTC) is teaming up with the Securities Exchange Commission (SEC) to investigate crypto trading platforms.
The agencies will specifically be looking at how crypto-related swaps are being traded on these exchanges and what protections may or may not exist about customers’ funds.
It’s important to note that it would seem like crypto futures markets should also fall under their jurisdiction. They won’t be investigating them because only cash-settled contracts are allowed by law within those markets.
While some investors might see this as a bad sign for crypto markets, others say it could be a good sign that crypto trading platforms are being regulated.
3) The ICO market has taken a massive hit in 2018, with the total funds raised for token sales dropping by more than 95%. The reality is that many crypto projects are realizing they need to get off of the crypto-only fundraising model and look at traditional financing methods instead, such as venture capital.
Some analysts have attributed this drop to investor fears about regulatory uncertainty around tokens, which could be defined through securities regulation or other forms of legislation like BitLicense (New York) or SAFT (USA).
Others point out two leading causes: lack of liquidity on crypto exchanges and fraud schemes where crypto startups collect money from traders without ever intending to launch a product. This, combined with slowing down crypto prices, means crypto startups are getting stuck with their crypto-only fundraising model.
Crypto startups that raised crypto-only are now left with a crypto-only fundraising model. The crypto market is experiencing an up and down period, but there has been increasing discussion over regulatory uncertainty affecting the cryptocurrency space.
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