Investor explains how KYC on Ethereum could be its “biggest tailwind” yetBTC $9305 (-0.8%) • ETH $229 (-0.6%) • XRP $0.19 (-1.3%)
The premise of Bitcoin and many other cryptocurrencies is that they're systems decisively detached from the institutions of the "old world." Hence, many in the space are not a fan of any attempt to regulate the space. Know Your Customer (KYC) procedures — while helpful in combatting money laundering and terrorist financing — are especially seen by some as antithetical to cryptocurrency. Prominent Bitcoin commentator Matt Odell went as far as to brand KYC as "dangerous." Thus, when ConsenSys revealed that Ethereum decentralized applications may soon have KYC processes, some weren't too pleased. Some on Twitter said that the "deep state" is coming for their cryptocurrency, and others argued how this is antithetical to the premise of the industry. But an investor has postulated that it may be Ethereum's "biggest tailwind" yet.
More news ⏬Cardano Founder Hoskinson: Five years of painstaking work is finally come together all at once.
Cardano (founder) Charles Hoskinson discussed the time and effort that has been put into developing Cardano, saying that the bulk of the work needed to launch it has already been done, in an interview with Messari’s Ryan Selkis. Thanks to our premium sponsors⭐️ Phemex - Phemex is a Singapore-based and fastest cryptocurrency and derivatives exchange. It supports six trading pairs with up to x100 leverage. ⭐️ Bitamp - Bitamp is an open-source, client-side, free Bitcoin wallet that allows you to send and receive Bitcoin securely on the blockchain. ⭐️ Switchere- Switchere is a safe, licensed & non-custodial crypto exchange where you can sell & buy crypto with credit card instantly. ⭐️ Cred - Cred is a global financial services platform serving customers in 183 countries. ⭐️ OKCoin - OKCoin is one of the world’s first and largest regulated crypto exchanges, with millions of users in more than 100 countries around the world. ⭐️ Paradox Group - Paradox is the Official Advertising Partners of CryptoSlate and specialises in Marketing and Blockchain Advertising. Fund manager says DeFi will propel Ethereum 4,000% higher. He isn’t alone in thinking so
The only reason why Ethereum reached ~$1,400 during the 2016-2018 bubble was undoubtedly initial coin offerings — better known as ICOs. Cardano fundamentals get a boost as analysts call for fresh uptrend
Cardano (ADA) has been caught within a firm consolidation phase alongside Bitcoin and most other major altcoins. Crypto.com upgrades trading system, announces zero-fee crypto trading for new users
Hong Kong’s Crypto dot com is foraying ahead with improved infrastructure as cryptocurrencies start to take precedence in the traditional finance sector as a “hedge” akin to gold. Expectations of a Chainlink rally subside as on-chain trend sparks fear
Chainlink has seen mixed price action in recent times, struggling to garner any notable upwards momentum despite hovering less than 20% below its previously established all-time highs. Bitcoin entrepreneur breaks down reasons why everyone should buy BTC
Despite Bitcoin slowly becoming a bonafide asset class with increased mainstream media mentions, billionaire investors throwing their weight behind it, and Fortune 500 companies investing in crypto, many people are still hesitant to get involved. Japan megabank Nomura launches Bitcoin and crypto custody for institutional investors
Institutional investors are coming in hard and fast to the crypto market and, whether you like it or not, seem like they are here to stay. Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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