Month: July 2022

How ETHBTC Could Hint At A Return Of Risk Appetite

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The merge is near, so it’s Ethereum time to shine. The eternal second most popular cryptocurrency by market capitalization has been outperforming bitcoin for the last few days. Is the reason the return of the market’s appetite for risk? Or is it just the fact that Ethereum’s developers announced a specific date for the mythical merge? Let’s examine the numbers, the facts, and the experts’ opinions to figure out exactly what’s going on. In The Weekly Update, Arcane Research’s newsletter, they point out that the ETHBTC pair surged “ from…

Bitcoin (BTC) climbs above $23,000

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The world’s largest cryptocurrency is down roughly 50% since the start of 2021. CFOTO | Future Publishing | Getty Images Bitcoin broke the $23,000 threshold for the first time in more than a month, as hopes of a rate hike less aggressive than feared from the Federal Reserve triggered a relief rally in cryptocurrencies. The the world’s biggest cryptocurrency surged as high as $23,800 Wednesday, up 8% in 24 hours and trading at levels not seen since mid-June. It was last trading at a price of $23,330.80, according to Coin…

US senator blasts SEC for non-judicial actions against crypto companies

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Tom Emmer, the Republican Senator from Minnesota, has become the latest politician to blast the United States Securities and Exchange Commission (SEC) for its unethical actions against crypto companies. Emmer posted a video on Tuesday showing his conversation at the House Committee on Financial Services, where he accused the SEC of politicizing regulations. He went on to grill SEC Enforcement Director Gurbir Grewal over SEC’s unethical “industry sweeps” against crypto companies. The SEC Director of Enforcement admits the SEC is cracking down on companies outside its jurisdiction. Absolutely unacceptable. pic.twitter.com/wRQU54Ov6v…

Gemini receives virtual asset service provider license in Ireland

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New York-based crypto trading platform Gemini claims to be the first one to get registered as a Virtual Asset Service Provider (VASP) by the Central Bank of Ireland (CBI). Earlier, in February 2022, a company received an Electronic Money Institution (EMI) authorization from the CBI.  The news was reported on Gemini’s official blog on Tuesday. As Gillian Lynch, head of Ireland and EU in Gemini, commented on the release: “Gemini was founded on the ethos of asking for permission, not forgiveness. Since day one, Gemini has engaged with regulators around the…

What are crypto faucets and how do they work?

On blockchains like the Ethereum Mainnet, fees represented in the blockchain’s cryptocurrency units must be paid for transactions to be performed and recorded. From exchanges, one can purchase Ether (ETH), the native cryptocurrency of the Ethereum blockchain, and pay the transaction costs. However, alternative Ether distribution mechanisms are utilized on test networks like Rinkeby and scientific research blockchains like Bloxberg. One such method is a faucet, which grants users free cryptocurrency following some predetermined rules. In general, faucets provide a fixed amount of money for a specific time or block.…

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Bitgo Adds Near Protocol Support — Custodian to Store Near Foundation’s Treasury – Altcoins Bitcoin News

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On July 19, the digital asset company Bitgo announced it has partnered with the Near Foundation and will be “the first qualified custodian to support the protocol and its assets, including its native token.” The collaboration will give institutions holding near protocol (NEAR) tokens the ability to store and stake the coins via Bitgo’s platform. Bitgo Partners With the Near Foundation The digital asset financial services firm Bitgo has inked a partnership deal with the Near Foundation, the non-profit foundation headquartered in Switzerland that’s responsible for the development and core…

An Interview with Ben Caselin on AAX- Lightning Network Integration and TARO Protocol Implementation

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One of the leading crypto platforms, AAX has been making waves with lots of new developments. Recently, the platform announced its integration with the Bitcoin Lightning Network, which was soon followed by another update regarding its support for TARO — a protocol that enables asset issuance on the Bitcoin network. To satisfy our curiosity, we decided to throw a few questions at Ben Caselin, the head of research and strategy at AAX for some insights. And, here’s how our short interview went. Q: We have been hearing about many developments…

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