Der Marktwert von OpenSea ist nach einer kürzlichen Finanzierungsrunde nun auf über 13,3 Milliarden US-Dollar geklettert.
Former CFTC chair calls Biden administration’s approach to crypto regulation ‘reactionary’
Chris Giancarlo says having a single entity like a crypto bureau regulating cryptocurrencies is something Congress should consider.
2022 finds the crypto industry looking forward to more regulatory clarity from the US and across the globe; with some like the CEO of crypto exchange FTX recently noting that this would be a harbinger of even more institutional involvement in the sector.
The next few months could prove pivotal, going by what happened in 2021, including the formation of the President’s Working Group on Crypto and then the crypto executives‘ hearing involving lawmakers on Capitol Hill.
However, while the industry is optimistic that clarity will come out of all these steps, some industry observers think the approach to the topic as shown over the last several months has been nothing but “defensive and reactionary.”
That’s the view of Chris Giancarlo, the former Commodity Futures Trading Commission (CFTC) chair, who commented on the broader crypto regulatory climate in the US while speaking at the American Enterprise Institute.
Giancarlo took issue with the Biden administration over the release of a report on stablecoins last year.
According to him, there’s everything wrong with a regulatory outlook if the readings from a special working group report indicate that authorities are focused more on unearthing what is likely to be negative impacts of the sector, rather than looking at regulation at what positives the sector can have on innovation if “properly” regulated.
The ex-CFTC chair noted that not taking a proactive approach to the question of crypto regulation is poised to derail efforts towards financial inclusivity.
The former CFTC chief also believes proper regulation will come with the administration working on a new agency specifically targeted for the crypto industry. He advocates for a Congress bill seeking to have cryptocurrencies regulated by a body jointly overseen by the SEC and the CFTC.
It’s an idea some within the crypto space say can work- with the result being a situation where the same asset class does not get different approaches from the two government agencies.
Giancarlo argues that such a crypto bureau would have authority over cryptocurrencies as a whole, not where the CFTC and SEC take divergent regulatory stances.
The post Former CFTC chair calls Biden administration’s approach to crypto regulation ‘reactionary’ appeared first on Coin Journal.
Ein gutes Zeichen? 76 Prozent des Bitcoin-Angebotes nun illiquide
Etwa 76 Prozent des Bitcoin-Angebotes im Umlauf ist nun illiquide, wie die On-Chain-Analysefirma Glassnode festgestellt hat.
Vitalik Buterin: Ethereum-Entwicklung zu 50 Prozent geschafft
In einem zweistündigen Podcast bei Bankless spricht der Ethereum-Mitbegründer über seine Pläne für Eth2.
Most top 20 cryptos in the green, Chainlink is biggest winner with 10% added value
Major cryptos remained relatively unchanged over the past 24 hours. Miami Mayor Francis Suarez, who is now heading the 30,000 person US Conference of Mayors organization, is proposing that cities embrace crypto and sign a “crypto compact.” This year, Florida Governor Ron DeSantis will include $700,000 in his budget for crypto projects relating to highways, financial services and healthcare.
In other news, it was a strong day for travel stocks. IAG jumped 11% after Citi analysts tipped the stock in a note to investors.
Top cryptos
Most top 20 cryptos were in the green at the time of writing with Ethereum and Cardano gaining around 1.5% and Bitcoin trading just above $46,000. Chainlink stood out with gains of 10%. Uniswap is also still gaining, albeit more moderately. It added just 4.48% today.
Top movers
Internet Computer (ICP) is continually being considered oversold by most analysts. Many believe it is just a matter of time before it breaks out and goes parabolic. The live Internet Computer price today is just under $36 with a 24-hour trading volume of $1.5 billion. ICP is up 24% in the last 24 hours.
Mina Protocol is a minimal blockchain built to curtail computational requirements in order to run DApps more efficiently. Mina has been described as the world’s lightest blockchain since its size is designed to remain constant despite growth in usage. It has gained 19% today.
Velas, the world’s fastest EVM Blockchain enabling up to 75 000 tx/s, has been growing steadily since yesterday. It added another 14% to its value today.
BitTorrent is a popular peer-to-peer file sharing and torrent platform which has become increasingly decentralized in recent years. It gained 13% in the last 24 hours.
The Graph is an indexing protocol for querying data for networks like Ethereum and IPFS, powering many applications in both DeFi and the broader Web3 ecosystem. It added 11% to its value today.
Launched in 2017, Livepeer is the first live video streaming network protocol that is fully decentralized. It’s up 10% in the last 24 hours.
RavenCoin has been registered impressive gains over the past weeks. The 83rd biggest coin by market cap is trading for $0.13 today with a 24-hour trading volume of $482 million. It has gained 9.82% today.
Trending
NinjaFloki, a gaming-based passive income generating cryptocurrency, is up 1,092% in the last 24 hours. Next comes Green Chart on BSC, a platform that has introduced ‘the most daring tokenomics ever seen.’ The creators take 15% of all sells, repurchase their own tokens, and then burn them. It’s up 835% today.
The post Most top 20 cryptos in the green, Chainlink is biggest winner with 10% added value appeared first on Coin Journal.