Apple is reportedly looking at AR over the Metaverse and Artemis has launched a mobile-based social media NFT platform.

Ripple won a ruling that will force the SEC to disclose emails concerning a speech in which a former official concluded Ethereum is not a security.

An Ethereum whale with over $3.7 million in assets on its wallet has made a hefty investment in the meme-inspired cryptocurrency Shiba Inu ($SHIB) shortly after a popular business account on social media claimed Robinhood is set to list SHIB “as early as February.” According to whale monitoring resource WhaleStats, the Ethereum whale moved to […]

SHIB’s 30% gain initiates a bullish reversal pattern and rumors of a major exchange listing and other developments have investors playing catch with the canine-themed meme coin.

Bipartisan lawmakers from the U.S. House and Senate Agriculture Committees have requested clear information from the chair of the Commodities Futures Trading Commission (CFTC) about the crypto industry and their role in monitoring it and taking enforcement actions. The CFTC chair Rostin Behnam intends to expand the regulator’s authority over the crypto market. Democrats and Republicans from the Senate and House Agriculture Committees agreed that the agency plays a “critical role“. In a letter that Bloomberg described as “a rare show of bipartisanship in a divided Congress”, the lawmakers asked chair Benham to answer several questions in order “To understand the scope and size of digital asset markets, the benefits and risks presented by these emerging technologies” and “the role of the Commission with respect to these markets”. “The CFTC has a critical role to play to ensure the integrity of digital asset markets. While some of these technologies have the potential to modernize the financial system, it is imperative that customers are protected from fraud and abuse and that these markets are fair and transparent.” The lawmakers approached the risks of the crypto industry and called for the CFTC to widen their engagement to protect consumers from losses and scams. The letter details alleged risks from the industry and reiterated that the CFTC is enabled by the Commodity Exchange Act to take enforcement actions for violations coming from digital asset marketplaces. “Despite the CFTC’s responsible engagement, this industry is still subject to risks of abuse, including consumer fraud and cybercrime. Consumers reported losing nearly $82 million to 2 cryptocurrency scams between the fourth quarter of 2020 and first quarter of 2021, more than 10 times the amount from the same six-month period a year earlier.” The lawmakers are also concerned about risks in the DeFi space and “any DeFi protocols offering derivatives contracts on unregistered exchanges”. However, they noted that “there are still questions about who is responsible for monitoring DeFi markets for fraud and manipulation, safeguarding customer funds, and ensuring parties meet their obligations to one another.” Related Reading | Did US Regulators Began Offensive Against Crypto Platforms? CFTC Fines Kraken Authority Of The CFTC In October 2021, during chair Rostin Behnam’s confirmation hearing, he appealed to Congress looking to expand the CFTC’s regulatory authority and stated that the entity is ready to be the “primary cop on the beat” “the total size of the digital asset market was US$2.7 trillion and among that $2.7 trillion, nearly 60% were commodities. So with that in mind, I think it’s important for this committee to reconsider and consider expanding authority for the CFTC,” Behnam’s statement seemed to contradict Gary Gensler’s, chair of the Securities and Exchange Commission (SEC), who sees most cryptocurrencies as equity. This has seemingly turned into a race amongst regulators to gain more authority. The SEC’s view on how to define Ether has become unclear. If the two largest cryptocurrencies by market cap (BTC and ETH) are not securities, then the SEC has a large size of the market out of regulatory reach. However, the lawmaker’s letter defined both Bitcoin and Ether as commodities, which would mean that both of these assets fall under the CFTC’s jurisdiction. “The CFTC has long considered certain digital assets to be commodities and courts have agreed. In fact, the two largest digital assets by market capitalization are commodities: Bitcoin and Ether. These two digital assets alone make up approximately 60% of the $2.7 trillion market. Futures contracts on Bitcoin and Ether are currently traded on CFTC-registered derivatives exchanges.” Related Reading | How the CFTC fine on Coinbase could affect future crypto company listing

Quick Take

• Tornado Cash uses zero-knowledge proof to break linkages between fund sender and receivers.
• Token incentive was leveraged to attract liquidity as the total value locked in Tornado Cash increased tenfold in 2021.
• Tornado Cash Nova enables deposits and withdrawals of arbitrary amounts of Ether, as well as shielded transfers of deposited tokens within the pools.

Derivatives analysis suggests that ETH will continue to bounce around in the $3,300 to $3,600 range for the short-term.

Tesla is testing the Dogecoin (DOGE) payment option, according to source code from its website analyzed by a third-party engineer.

The post Tesla appears to be testing a payment option for Dogecoin appeared first on The Block.

Ether (ETH) is the main token of the Ethereum blockchain and the world’s second-largest cryptocurrency by market capitalization. Just like the largest cryptocurrency, bitcoin, ether can be used to send payments directly to another person without the need for an intermediary such as a bank. The long-term vision for Ethereum is to power more than…

The post What Is Ether? appeared first on Bitcoin News Miner.

Cardano jumped 7% after Coinbase restarted withdrawals on Wednesday after many traders faced withdrawal issues a week ago so let’s take a closer look at today’s Cardano ADA news. Cardano’s rally was fueled by traders that regained confidence in the protocol and now the HKMA is taking a more gentle approach to retail crypto. Cardano […]

The post Investors Betting Big on Ethereum! ETH kickbacks Recovery! Here’s What ETH HODLERS Can Expect appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Analysts are positive on Ethereum, predicting that the altcoin will break through the barrier and reach $3,500. Institutions estimate that the major altcoin will be involved in more than half of all global financial transactions within the next decade. Pantera Capital, a cryptocurrency hedge fund based in the United States, is positive on Ethereum. Pantera’s …