In our last crypto update for now, we look at the live Bitcoin (BTC) price and the prices of the top 25 crypto after the US markets close. Then we see how the SEC clarifies the upcoming crypto law and how ticket seller Ticketmaster is getting into NFTs. Finally, we share which unlucky crypto criminal is facing more than 40,000 years in prison.
We begin, of course, with the live Bitcoin (BTC) price and the prices of the top 25 crypto.
Live Bitcoin (BTC) price and prices top 25 crypto rise
At the time of writing, the live Bitcoin (BTC) price is EUR 20,226.05 ($20,154.27). This is 1.25% higher than during our crypto update yesterday.
The prices of most crypto from the top 25 are also rising. The biggest gain is currently with + 7.67% for Leo Token (LEO). However, there are also some losers. Tron (TRX) is currently the lowest performer with -2.02%. On the site of Tradeincrypto.com you can analyze all live crypto prices 24 hours a day.
SEC shows criteria for crypto as security in a roundabout way
The SEC still has no formal crypto regulations showing when a crypto would be a security. The U.S. crypto law is also still in the works, creating uncertainty in the market. In an attempt to find out criteria from the SEC, Nasdaq dove into correspondence between Grayscale and the SEC. Namely, the SEC asked to analyze Zcash (ZEC), Horizen (ZEN) and Stellar (XLM). Also, the SEC is said to have hinted that they believe these crypto may be securities. Based on that, analysts come up with the following preliminary criteria. A crypto can be seen as security if:
The structure is similar to that of Ripple (XRP) and underlying entities (as is the case with Stellar);
When there is a central entity behind a crypto currency and there is a prospect of profit from that entity (as in the case of ZEN).
When there is a premine being distributed and some form of premium is being levied over mining for the benefit of the organization behind the coin (as in the case of ZCash).
Ticketmaster gets into selling NFTs
Ticketmaster is a well-known seller of tickets for concerts and events. Today it announced that it is marketing NFTs. In cooperation with organizers, the NFTs will have a status as a collector’s item and proof of attendance at the event.
It is not intended that the NFT can be used as an admission card. Thus, you purchase the NFT in addition to an admission ticket. The NFTs are transferable via the Flow blockchain which is known to be nature and environment friendly. In fact, creating an NFT on the Flowchain takes less energy than performing a search on Google or making an Instagram post. By now, Ticketmaster has already produced 5 million NFTs.
WANT changes, but crypton news stays
As of tomorrow (September 1), as we explained this afternoon, we are going to stop providing daily Bitcoin and crypto updates.
Instead, we will continue to offer you 2x weekly insights into developments in the crypto market with the help of up-to-date overviews. Of course, you can also continue to consult live Bitcoin and crypto prices 24/7 with our colleagues at Tradeincrypto.com. Of course, we’ll see if we see enough opportunity in the future to come back daily.
Unlucky crypto criminal awaits 40,000 years in Turkish prison
Faruk Fatih Özer was the top executive of the Turkish crypto exchange Thodex until April 2021. In April 2021, he decided it was time for something new. They left the country and took some $2 billion with them. With that, he left 400,000 Thodex customers sad and destitute.
The Turkish investigation services, of course, went after it, and now this Özer has been arrested in Albania and is awaiting extradition to Turkey. Since one can demand a sentence for each of the aggrieved there, the total prison sentence Özel can receive amounts to some 40,564 years.
Staying up to date with the latest stock price developments?
You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay informed in real-time.
Note: We never give financial advice, so our contributions can’t be interpreted that way either. Always do your own research and decide rationally if, when, what and how much you want to invest in.