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 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.
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.
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.
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.
The main backers of Ethereum (ETH) are debunking misconceptions about how the upcoming Merge will affect the leading altcoin’s performance.