Day: April 28, 2022

US needs ‘electronic tokens’ with functionality of cash — Software Freedom Law Center legal director

Mishi Choudhary, the legal director of the Software Freedom Law Center, supported the efforts of some United States lawmakers to develop an electronic version of the U.S. dollar. In written testimony for a Thursday hearing of the House Financial Services Committee on digital wallets, Choudhary said the United States needed “a currency or electronic token that is equivalent in functionality to cash, offers all of its benefits including anonymity, privacy, autonomy, no transaction fee and addresses all of its flaws.” Her description suggested a token with many of the benefits…

Litecoin Drops 87% Trading Volume In Q1 2022

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The interest in cryptocurrencies continues to wane in 2022, as does Litecoin’s popularity. The trading volume of Litecoin was eight times lower in the first quarter of 2022 than it was in the first quarter of 2021.  For example, the trading volume from January to March 2022 was around $82 billion, 87% less than in Q1 2021. In the first quarter of  2021, the trading volume was  $674.9 billion. Litecoin (LTC) trading volume crashed by more than $590 billion in quarterly comparison. Related Reading | ApeCoin (APE) Is Now The…

Telegram Wallet Bot enables users to send crypto in-app via revived blockchain project

As told via a Twitter post on Tuesday, instant messaging app Telegram has rolled out crypto payments via Ton Token. To access the feature, users first need to download and install Telegram’s official Wallet bot, which allows them to purchase cryptocurrency by bank card, exchange and transfer to other wallets. According to the company, they can then send Bitcoin (BTC) or Toncoin to other users by clicking on the “Wallet” icon in direct messages.  You can now send #Toncoin directly within Telegram chats! It’s a new way to send Toncoin…

FTX executive Wetjen calls CFTC application an opportunity for the agency to innovate

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Former Commodity Futures Trading Commission (CFTC) chairman Chris Giancarlo, known by some as Crypto Dad during his tenure from 2017 to 2019, spoke on the topic of U.S. crypto regulation at the Crypto Bahamas conference on Thursday. He called the current U.S. regulations, many of which were written in the 1930s, “nonapplicable” to the current financial reality of cryptocurrencies. Giancarlo expressed concern that central banks were usurping crypto. “If you read the utterances out of the European Central Bank, there is nothing but FUD toward non-sovereign crypto,” he said, noting…

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Bitcoin mantiene su soporte, con una resistencia en $43.000

Las señales de impulso se han debilitado durante la última semana, lo que generalmente precede a un período de acción de precios plana o negativa. Por ahora, los compradores han mantenido los precios anclados en torno al nivel de precio de $40.000, aunque no están dispuestos a romper decisivamente por encima del nivel de resistencia de $46.710 de los últimos tres meses. Source

Robinhood’s Q1 Crypto Revenue Rises Slightly From Previous Quarter

In its recent crypto moves, Robinhood agreed to buy London-based crypto platform Ziglu, which is approved to offer crypto services in the U.K. The company also added tokens SHIB, SOL, Polygon’s MATIC and Compound’s COMP to its platform for users after activating its crypto wallet for two million “eligible” customers, making digital asset transfers broadly possible in the long-firewalled investments app. Source

Cryptos Mixed as Bitcoin Trades Near $40K

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Most cryptocurrencies were mixed on Thursday, indicating uncertainty among traders. Ether (ETH), the second-largest cryptocurrency by market capitalization, is also trading around the midpoint of its three-month price range around $3,000. ETH is down 13% so far this month, compared with an 11% drop in Solana’s SOL token and 4% drop in DOGE over the same period. Original

Aave founder Stani Kulechov briefly suspended from Twitter after joking about becoming interim CEO

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Aave (AAVE) founder Stani Kulechov was temporarily suspended from Twitter this week, mere hours after joking that he was joining the social media company as interim CEO. “BREAKING: Joining Twitter as interim CEO,” Kulechov tweeted on Tuesday in a post that was intended as a joke. The tweet was timestamped at 2:48 pm PST (9:48 pm UTC). The following day, the Aave founder’s account was suspended, a spokesperson confirmed to Cointelegraph. The spokesperson also confirmed that it was Kulechov’s first suspension on the social media platform and that he had not…