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Cryptocurrencies/Coins/Power Ledger (POWR)
Power Ledger price, market cap on Coin360 heatmap

Power Ledger(POWR)

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$0.254481
(-3.85%)
0.00001088 BTC
Market Cap (Rank#212)
$123,509,590
5,282 BTC
Vol 24h
$817,873
34.9776 BTC
Circulating Supply
485,339,139.69
Max Supply
1,000,000,000
26 days agocryptodaily
SEC Labels Nine Tokens As Securities
The Securities and Exchange Commission and the Department of Justice brought charges against three individuals. However, the SEC’s assertions that cryptocurrencies are securities are what caught everyone’s attention and could hold greater implications for the crypto space. SEC Labels Nine Digital Tokens As “Securities” The US Securities and Exchange Commission used the backdrop of its first insider trading case on Thursday to declare nine digital tokens as securities. The declaration is significant with the SEC looking to define its oversight of cryptocurrencies through its enforcement actions. The federal regulator had filed a complaint on Thursday, alleging that a former Coinbase product manager had engaged in insider trading, giving his brother and another friend tips on what assets Coinbase would be listing. In this complaint, the SEC declared that nine of the crypto assets listed in the complaint were securities. A New Development The SEC identifying cryptocurrencies as securities is not new. However, it did so in settlements with the issuer or enforcement actions. The complaint registered on Thursday was the first time the SEC identified cryptocurrencies as securities without charging issuers or with the exchange even listing the assets. The tokens mentioned in the complaint were AMP, RLY, DDX, XYO, RGT, LCX, POWR, DFX, and KROM. Setting A Precedent? So far, the Securities and Exchange Commission has refused to comment on the matter or if Thursday’s complaint was setting a precedent around how it would identify assets that it sees as securities. It also declined to comment on whether it was planning on bringing any future charges against exchanges that listed the assets mentioned in its complaint or that it would initiate action against Coinbase for listing the assets in question. An SEC official replied to queries stating that the investigation into the insider trading case was ongoing. Commodity Futures Trading Commission (CFTC) commissioner Caroline Pham tweeted about the complaint, calling it a “striking example of regulation by enforcement.” Attorney Jason Gottlieb, practicing with Morrison Cohen LLP, stated that Coinbase and other exchanges are not party to the action. This means that they would not be able to challenge the SEC in court. Cryptocurrencies Are Not Securities Coinbase, on its part, retorted that none of the cryptocurrencies it lists are securities. It pointed to the ongoing Department of Justice action that did not mention or charge securities fraud. The exchange, in an updated blog post, called the SEC’s actions an unfortunate distraction, stating, “The SEC charges are an unfortunate distraction from today’s appropriate law enforcement action.” The SEC Complaint In its 62-page complaint, the SEC went through each of the nine tokens, illustrating how each should be defined under the Howey Test. The SEC stated its complaint, “Each of the nine companies invited people to invest on the promise that it would expend future efforts to improve the value of their investment.” Coinbase also filed a separate petition with the SEC and asked the agency to create a rulemaking process to define how it would apply federal security law to cryptocurrencies. “Securities law is thus not well-suited to govern digital assets. Attempted application of such ill-fitting laws to crypto creates a number of problems.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
211 days agocryptonomist
Coinbase and the GYEN and POWR incident: what happened
The exchange has been crediting incorrect amounts of 100 times more or less The post Coinbase and the GYEN and POWR incident: what happened appeared first on The Cryptonomist.
504 days agocoindesk
Aussie Beer Can Now Be Exchanged for Excess Solar in New Program Involving Blockchain
The program has been developed in partnership with Victoria Bitter, retailer Diamond Energy and blockchain startup Power Ledger.

About Power Ledger

The live price of Power Ledger (POWR) today is 0.254481 USD, and with the current circulating supply of Power Ledger at 485,339,139.69 POWR, its market capitalization stands at 123,509,590 USD. In the last 24 hours POWR price has moved -0.00619 USD or -0.02% while 615,287 USD worth of POWR has been traded on various exchanges. The current valuation of POWR puts it at #212 in cryptocurrency rankings based on market capitalization.

Learn more about the Power Ledger blockchain network and how it works or follow the price of its native cryptocurrency POWR and the broader market with our unique COIN360 cryptocurrency heatmap.

Power Ledger is a project working to develop a decentralized energy exchange system. The Power Ledger blockchain produces various applications aimed at establishing energy trading and exchange via P2P networks. Such technologies give an opportunity to sell surplus renewable energy that is generated when some development requires power. The POWR token is an ERC20 token, issued on the Ethereum platform. The Power Ledger coin facilitates operations on the Power Ledger blockchain by encouraging its users to engage in exchange and transactions. The Power Ledger crypto tokens also serve other purposes on the platform. For example, they are used as access permission tokens. Check out the latest Power Ledger price on Coin360.com. Find POWR price graphs, Power Ledger’s market cap and much more on Coin360.com.


Power Ledger Price0.254481 USD
Market Rank#212
Market Cap123,509,590 USD
24h Volume817,873 USD
Circulating Supply485,339,139.69 POWR
Max Supply1,000,000,000 POWR
Yesterday's Market Cap128,175,350 USD
Yesterday's Open / Close0.270284 USD / 0.264094 USD
Yesterday's High / Low0.27083 USD / 0.263119 USD
Yesterday's Change
-0.02% ( 0.00619 USD )
Yesterday's Volume615,286.70 USD
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