Cardano To Outperform Ethereum – Traders Need To Keep Close Watch on ADA/ETH Pair
The analyst informed his 443,000 YouTube subscribers that he is closely watching two currencies: Cardano (ADA), a decentralized blockchain protocol, and Ethereum (ETH), the lead smart contract platform.
Bitcoin (BTC) Tanks Another 3%, Here’s The Key Metric to Focus
Bitcoin and the broader crypto market have been on a downward trend this week and now for the fifth consecutive day in a row. The BTC price is trading 3% down in the last 24 hours and is currently trading at $22,785 with a market cap of $435 billion.
Philippine Regulator Warns the Public of Engaging With Foreign Crypto Service Providers
The central bank of the Philippines, the primary regulator of the country’s crypto sector, has warned investors about engaging with unregistered and foreign crypto service providers. They “may present additional challenges on enforcing legal recourse and consumer protection and redress mechanisms for local customers, among others,” the regulator said.
ECB Creating a Harmonized Regulatory Framework Governing Crypto Activities and Services
The European Central Bank (ECB) is working to harmonize the regulatory framework governing crypto activities and services in the EU. The regulator noted that several regulatory initiatives at the European and international levels are being finalized.
eToro Acquires Fintech Company Gatsby at $50M
The acquisition aligns with eToro’s values and culture seeing that Gatsby is also at loggerheads with Robinhood, one of eToro’s key competitors. In value, the acquisition is worth about $50 million both in cash and a common stock deal.
Ethereum’s Massive Upgrade Won’t Boost Speeds or Lower Transaction Fees, Cautions Crypto Asset’s Main Backer
The main backers of Ethereum (ETH) are debunking misconceptions about how the upcoming Merge will affect the leading altcoin’s performance.