CoinspeakerSociete Generale Secures First French Crypto License for Its Crypto Division FORGE This license will allow FORGE to serve institutional clients' needs for digital assets. The banking institution is the first to secure a license under France's new crypto rules. Societe Generale Secures First French Crypto License for Its Crypto Division FORGE
Read More »Ethereum Whale Awakens: $116M Pre-Mined ETH Moved after 8 Years
CoinspeakerEthereum Whale Awakens: $116M Pre-Mined ETH Moved after 8 Years Despite the general market sentiments, ETH has gained over 50% since the start of the year. Ethereum Whale Awakens: $116M Pre-Mined ETH Moved after 8 Years
Read More »Celo Blockchain Preps to Transition to Ethereum Layer-2 Network as Token Jumps Nearly 10%
CoinspeakerCelo Blockchain Preps to Transition to Ethereum Layer-2 Network as Token Jumps Nearly 10% The Celo blockchain currently seeks to transition from an independent layer-1 blockchain to an Ethereum layer-2 solution. Celo Blockchain Preps to Transition to Ethereum Layer-2 Network as Token Jumps Nearly 10%
Read More »HSBC Approves Bitcoin and Ethereum ETF Trading in Hong Kong
In conjunction with its decision to allow Bitcoin and Ethereum ETF trading, HSBC has launched the Virtual Asset Investor Education Centre. HSBC Holdings plc (LON: HSBA), the largest bank in Hong Kong, has made history by becoming the first bank in the region to offer crypto trading services to its customers. As revealed by Independent Chinese Journalist, Wu Blockchain, customers can now buy and sell Bitcoin (BTC) and Ethereum (ETH) Exchange-Traded Funds (ETFs) listed on the Hong Kong...
Read More »Ethereum Developers Propose to Increase Max Effective Balance from 32 ETH to 2048 ETH per Validator
The developers led by Mike Neuder opine that a validator set contraction has positive implications for the beacon chain decentralization roadmap, the current p2p layer, and the validators. The Ethereum (ETH) network is best described as art in development amid mainstream crypto and blockchain adoption. With the proof-of-stake (PoS) still young under the beacon chain, the Ethereum core developers continually engage each other on ways to help in the decentralization aspect. Moreover, the...
Read More »Ethereum Remains Unaffected by AWS Outage that Affects Burger King, McDonald’s, and Taco Bell
An AWS outage shut down several apps and disrupted services, but did not disturb Ethereum despite hosting more than 64% of nodes. Although Amazon Web Services (AWS) had a minor outage on Tuesday, where it was temporarily unavailable, Ethereum remained unaffected. The temporary downtime did not affect Ethereum’s network nodes, which are mostly hosted on AWS. AWS first revealed at 12:08 PDT that it started an investigation into increased error rates and latencies it had noticed. The company...
Read More »Politicized Crypto Regulatory Crackdown Could Deter Blockchain Decentralization in Future, Bernstein Analysts Says
The crypto market has turned bearish since the SEC charged Binance and Coinbase with listing unregistered securities last week. The cryptocurrency market is in a crucial growth phase that could significantly determine the winners of blockchain mainstream adoption. The fact that different countries are coming up with respective crypto policies is a true testament that there is a need for an update on the decades-old financial systems. Notably, Europe, Hong Kong, Middle East countries, El...
Read More »SEC Chair Gary Gensler Refers to Bitcoin and Ethereum as Non-Securities in Newly Revealed Video
The SEC chair previously indicated that all cryptocurrencies apart from BTC are securities. In a recently unearthed video from a 2018 crypto-themed event hosted by Bloomberg and Fidelity, Gary Gensler, the current chairman of the United States Securities and Exchange Commission (SEC), made statements that contradict his current position on digital assets regulations in the country. The video, which started circulating on Twitter on June 12, shows Gensler addressing institutional investors...
Read More »Ethereum Is Security, Former Twitter CEO Jack Dorsey Says
There are ongoing efforts to classify Ethereum. As of now, a final decision is yet to be reached regarding whether it should be considered a security or not. Considering the arguments, predicting the final outcome is challenging. With the recent noise about cryptocurrency regulation and events such as crypto exchanges being sued for offering unregistered securities, there have been varying views from experts and high-profile individuals about the state of some specific cryptocurrencies....
Read More »Coinbase Derivatives Exchange to Roll Out Bitcoin and Ethereum Futures Trading on June 5
Coinbase Derivatives Exchange will start trading BTC and ETH perpetual futures on June 5, 2023, for non-US institutional clients only. Leading American crypto exchange Coinbase has announced its plans to introduce futures contracts for Bitcoin (BTC) and Ether (ETH) in its newly launched derivative marketplace regulated by the Commodity Futures Trading Commission (CFTC). The new venture, Coinbase Derivatives Exchange, officially debuted last month in Bermuda following approval from the...
Read More »