Former CFTC Chairman Gary Gensler dialed up the conversation on cryptocurrencies this week at the MIT Business of Blockchain conference by wading into contentious topics related to cryptocurrency regulation. His talk spanned a broad range of topics but the most controversial aspect of his speech related to the status of Ethereum’s ether and Ripple’s XRP as securities. Continue reading Former CFTC Chair Gensler Ratchets Up Controversy In Cryptocurrency Ecosystem
Along with a bursting of the cryptocurrency bubble, there might have been another implosion of sorts in recent months. According to a Reuters report, several banks and financial institutions have put brakes on their efforts to reinvent existing systems and processes using blockchain. The report names prominent financial institutions, such as Depository Trust&Clearing Corporation (DTCC) and BNP Paribas SA, which started blockchain projects last year … Continue reading
Cryptocurrencies rode into the New Year on the back of euphoric sentiment and record valuations. Three months later, those valuations have bitten the dust amid a spate of bad news and scandals. Cardano and Ripple were the biggest losers among the top 10 cryptocurrencies during the first quarter. The former shed 78.26% of its value while the latter lost 77.88% of its price from the … Continue reading How Did The Top 10 Cryptos Perform During The First Quarter?