Cryptocurrency

Litecoin

Dash

Gains

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div> 
<p class="has-drop-cap">Dash (DASH) just completed its halving event, reducing the cryptocurrency’s mining reward to 2.3 DASH. However, the asset’s price fell 0.5% after the event, likely because DASH is one of the cryptocurrencies targeted by the US securities regulator.&nbsp;</p> 
<h3 id="mining-reward-for-dash-halved-to-2-3-dash">Mining Reward for Dash Halved to 2.3 DASH</h3> 
<p>The price of DASH, a privacy-focused cryptocurrency that aims to offer fast and secure transactions, declined slightly on Friday after the digital asset completed its much-anticipated halving at block height 1,892,161. Following the event’s completion, the asset’s block reward now stands at 2.3097 DASH or around $34.3 at current prices.</p> 
<p><a aria-label="Halving refers (opens in a new tab)" href="https://academy.binance.com/en/glossary/halving" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">Halving refers</a> to a predetermined event in some cryptocurrencies, where the mining rewards are reduced by half at regular intervals. This results in a decreased rate of new coin creation and potentially impacts the overall supply and market dynamics of the cryptocurrency and its price. The next crypto asset that will undergo halving is Litecoin (LTC), with 40 days left, and&nbsp; Bitcoin (BTC), with 308 days left.&nbsp;</p> 
<p>In the wake of the event, DASH’s price presently stands at $33.8, down 0.5% in the last 24 hours. Over the past week, the crypto asset gained more than 13%, although most of those gains were from this week as part of the <a href="https://tokenist.com/how-blackrocks-etf-application-has-already-changed-the-crypto-market/" rel="dofollow" class="deco-link">broader market rebound</a>.</p> 
<p>Launched in 2014, DASH is an open-source altcoin created as a Bitcoin protocol fork. It is a privacy-centric crypto asset that aims to provide secure, fast, and untraceable transactions through its PrivateSend feature.</p> 
<div class="cta-referral"> 
 <img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async"> 
 <div class="cta-referral__text"> 
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noreferrer noopener nofollow">Telegram group</a>&nbsp;and never miss a breaking digital asset story.</p> 
 </div> 
</div> 
<h3 id="dash-s-price-gains-subdued-amid-sec-scrutiny">DASH’s Price Gains Subdued Amid SEC Scrutiny</h3> 
<p>Cryptocurrency prices often rise notably after completing a halving due to the reduction in new supply entering the market. This, coupled with increased demand and investor anticipation of potential scarcity, can create a bullish sentiment and drive up prices.</p> 
<p>However, even after its halving event was completed, DASH’s price failed to gain momentum. One possible reason may be that the cryptocurrency was designated as a ‘security’ in the US Securities and Exchange Commission’s (SEC) recent <a href="https://tokenist.com/sec-sues-us-based-crypto-exchange-coinbase/" rel="dofollow" class="deco-link">lawsuit against Coinbase</a>.&nbsp;</p> 
<p>Apart from DASH, the SEC described numerous other altcoins as unregistered securities, leading to negative repercussions. For example, SOL, ADA, and MATIC are also seen as securities in the eyes of the SEC, and all three recently <a href="https://tokenist.com/robinhood-to-delist-ada-sol-and-matic-after-sec-classification-as-securities/" rel="dofollow" class="deco-link">got delisted</a> from major stock brokerages like Robinhood and eToro. Having said that, it remains to be seen how big of an impact the regulator’s crackdown will have on DASH specifically.&nbsp;</p> 
<div class="cta-sub js__cta-sub"> 
 <div class="cta-sub__start" data-step="1"> 
  <div class="cta-sub__title">
   <strong>Finance is changing.</strong>
  </div> 
  <div class="cta-sub__subtitle">
   Learn how, with Five Minute Finance.
  </div> 
  <div class="cta-sub__excerpt">
   A weekly newsletter that covers the big trends in FinTech and Decentralized Finance.
  </div> <button type="button" class="btn">Try it out (for free)</button> 
 </div> 
 <div class="cta-sub__form" data-step="2" style="display: none;"> 
  <script type="text/javascript" src="https://app.getresponse.com/view_webform_v2.js?u=QcLhh&amp;webforms_id=zw3Wv"></script> 
 </div> 
 <div class="cta-sub__result" data-step="3" style="display: none;"> 
  <div class="cta-sub__title">
   Awesome
  </div> 
  <div class="cta-sub__caption">
   You’ve subscribed.
  </div> 
  <div class="cta-sub__greeting">
   You’re well on your way to being in the know.
  </div> 
 </div> 
</div> 
<p><em><strong>Do you think that DASH’s price could see an upside in the near term despite SEC scrutiny? Let us know in the comments below. </strong></em></p> 
<p>The post <a rel="nofollow" href="https://tokenist.com/dash-down-0-5-as-halving-completes-amid-sec-allegations/">DASH Down 0.5% as Halving Completes Amid SEC Allegations</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

DASH Down 0.5% as Halving Completes Amid SEC Allegations

Table of Contents

Tokenist

Other articles published on Jun 23, 2023

USDT freezes $4.1m in Ethereum addresses: Is decentralization the way forward over centralization?

Launching Litecoin Space

Crypto Market Check: Bitcoin and Altcoins in Focus (June 23)

Crypto Market Update: 3 Cryptocurrencies to Approach with Caution

Ripple Secures Conditional Nod For Digital Asset Services In Singapore

Uhive and ChatGPT: Shaping the Future of Social Networking with Unprecedented AI-Human Collaboration

Join our free newsletter for daily crypto updates!