Today, a meetup called “Introductory Ethereum Talk” is being held, organized by the community, Peru to learn about Ethereum.
With this meeting, the monthly cycle of talks and meetings between the members of the Ether community in Lima will begin. On this occasion, basic aspects will be introduced to learn about crypto. After the great reception that the community launch had on September 9.
This new meeting will have the participation of Juan David Reyes, co-organizer of Ethereum Bogotá and co-founder of Coinosis, who will touch on the following topics:
- Creation of a metamask wallet.
- Decentralized application use cases on Ethereum.
- Technical introduction to smart contracts for beginners.
Those interested in being part of this meeting to learn about Ethereum, can enter through this web portal.
Ethereum and Bitcoin are not securities according to the UK government
The Isle of Man, an autonomous agency of the British Crown, has released a document guiding how it will define cryptocurrencies such as Bitcoin and Ethereum.
The country’s financial regulation (FSA) categorizes cryptocurrencies by their function. Situated between the United Kingdom and Ireland, the Isle of Man is an autonomous British island with its own parliament and financial watchdog.
Recently, the FSA announced a document to guide companies that interact with cryptocurrencies. The document appears to be favorable for cryptocurrencies, offering an infrastructure for entrepreneurs to work with crypto assets.
Tokens can be classified as investments, virtual currencies, or unregulated money. The categorization is primarily based on the function of the token. The FSA document further breaks down the groups.
However, it is also noted that the value of the tokens is in those that function as shares, obligations, units in a collective investment or derivatives. According to this scheme, Bitcoin (as virtual currency or store of value) and Ether (as currency for a virtual machine) do not appear to be securities.
Still, investments that function as securities or virtual currency will be regulated by the FSA. However, a license may not be required. Those securities that offer some type of capital growth, such as investments, do require a license.
The total value of all assets in the Ether ecosystem has exceeded $ 100 billion
According to blockchain database startup Messar, the total value of all assets in the Ethereum ecosystem has exceeded $ 100 billion USD.
Messari detailed, the evolution of the value in the leading platform of smart contracts. The firm says that the market capitalization of ERC-20 tokens on Ethereum, which is made up of stablecoins, decentralized finance coins (DeFi), utility and exchange tokens, among many others, began to grow in 2017.
Against this backdrop, Messari Senior Research Analyst Ryan Watkins highlighted the growth trend, which reached an all-time high in July.
“I highlighted that the market capitalization of ERC-20 tokens reached parity with ETH for the first time, further illustrating this evolution. The trend has not stopped since then and the market capitalization of ERC-20 tokens now exceeds the market capitalization of ETH by a significant margin.
Watkins noted that in recent months, the total value of all ERC-20 ha tokens has skyrocketed to a level not seen in more than two years.
“In Q3, the total value of all Ethereum assets surpassed $ 100 billion for the first time since 2018, the peak of the ICO boom.”
“The combined market capitalization of ERC-20 tokens now exceeds that of ETH by a significant margin”, he indicated.
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