An experiment from Dragonfly Research that compared the performance of six blockchains by testing the capacity of Automated Market Makers on each has found Solana’s Orca DEX was the clear winner in trades per second. It managed 273.34 trades per second and created a new block every 590 milliseconds. Binance Smart Chain (BSC) wasn’t too far behind with 194.6 trades…
Multinational financial services giant Charles Schwab has responded to client demand to invest in cryptocurrency by filing with the Securities and Exchange Commission (SEC) to launch a Crypto Economy ETF. This filing comes just a week after the head of investor services at Schwab, Jonathan Craig, told news source Financial Advisor IQ that one in six Schwab clients had expressed…
In brief Brock Pierce filed a statement of candidacy last November to run for the seat being vacated by Vermont Democrat Patrick Leahy. The campaign spent over $250,000 in November and December. He has yet to formally announce his bid. After waging an unsuccessful bid in 2020 to become U.S. president, EOS co-founder and Bitcoin multi-millionaire Brock Pierce is scaling…
The U.S. Securities and Exchange Commission (SEC), led by crypto-skeptical Chairman Gary Gensler, is reportedly investigating NFT creators and marketplaces for securities violations, according to a report from Bloomberg. Anonymous sources in the report claim that the SEC is investigating whether: “certain nonfungible tokens… are being utilized to raise money like traditional securities.” Throughout the last few months, attorneys from…
In brief Several Senate Democrats asked Treasury Secretary Janet Yellen how the department would make sure crypto couldn’t be used to bypass sanctions against Russia. Yellen said the Treasury Department actively monitors sanctions enforcement. In response to a letter from four Senate Democrats raising concerns about cryptocurrencies’ potential use by Russia to avoid sanctions, Treasury Secretary Janet Yellen has said…
Veteran investor Mark Mobius, the founder of Mobius Capital, explains why the price of bitcoin is rallying as the Russia-Ukraine crisis deepens. “Bitcoin is showing strength now because the Russians have a way of getting money out,” he said. Mark Mobius on Why Bitcoin’s Price Is Rising The founder of Mobius Capital Partners, Mark Mobius, explained why the price of…
Hong Kong-listed virtual asset platform Huobi Technology Holdings has launched a cryptocurrency over-the-counter (OTC) service, the firm announced to Cointelegraph on Wednesday. Listed on the main board of the Hong Kong Stock Exchange (HKEX) since 2016, Huobi Technology was originally known as Pantronics Holdings, an electronic product maker founded back in 1990. Huobi Technology has been actively moving into the…
“There’s a problem with bank accounts, something happened… the transactions are being stopped, for whatever reason.” –Ukrainian activist Walter Lekh, in a Twitter Spaces conversation discussing avenues of donation in support of Ukraine. Developments in Eastern Europe have taken center stage for much of the world in the past few days. Aggressive and consistent flows of reporting from the ground…
Bitcoin (BTC) pulled off an impressive double-digit rally this year, but the digital asset has been struggling to break the $45,000 resistance lately. This level does not hold any historical importance because it has been easily breached multiple times. The same can be said for Bitcoin’s $850 billion capitalization, which isn’t anywhere close to silver’s $1.4 trillion, or the Amazon…
The U.K.’s advertising authority has banned an ad for cryptocurrency floki inu (FLOKI). The authority says the ad’s “Missed Doge? Get Floki” claim “exploited consumers’ fears of missing out and trivialized investment in cryptocurrency.” The ad was also “irresponsible” and “took advantage of consumers’ inexperience or credulity,” the regulator said. Floki Ad Banned in the UK The Advertising Standards Authority…
