RATE Group | ETH/USD stays under $90.00 as CFTC seeks public opinion on Ethereum-like coins
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ETH/USD stays under $90.00 as CFTC seeks public opinion on Ethereum-like coins

12 Dec ETH/USD stays under $90.00 as CFTC seeks public opinion on Ethereum-like coins

Posted at 08:46h in Ethereum News by

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  • ETH/USD needs to recover above $100.00 to mitigate bearish pressure.
  • CFTS wants feedback on cryptocurrencies.

ETH/USD is changing hands at $87.60. The coin is marginally lower on a day-to-day basis as traders are trying to figure out where from here. The third largest coin with a market capitalization of $9.4B is dominated by bearish sentiments that gripped the global cryptocurrency market.

CFTS is asking about Ether

The Commodity Futures Trading Commission is seeking public feedback on digital currencies like Ether, according to the statement published by the agency on Tuesday. 

The Commission whats to better understand the mechanics for the virtual coins other than Bitcoin and to differentiate opportunities, challenges, and risks poised by cryptocurrencies like Ether.

“In a Request for Information (RFI) that will be published in the Federal Register, the CFTC is asking  for public feedback on a range of questions related to the underlying technology, opportunities, risks,…

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