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Cryptoverse: Security alert! Altcoins worth $100 billion dropped in hot water
A slew of altcoins - a catch-all for most cryptocurrencies except bitcoin and ether - have been harpooned in lawsuits filed by U.S. regulators against exchanges Binance and Coinbase last week, hammering the prices of the tokens. Over 50 cryptocurrencies worth over $100 billion in total and making up about 10% of the overall market, are now viewed by the SEC watchdog as securities, according to CCData. Whether U.S. courts accept the SEC's classification remains to be seen, but the impacts are a
2023-06-13
- SEC