Cryptocurrencies come and go, but some are here to stay. Here are a couple that we’re keeping an eye on heading into the new year. Keep in mind that cryptocurrency markets can often be very volatile and all price information is subject to change after publication. Solana One of the fastest growing coins of 2021, there is massive potential for Solana in upcoming years. People often compare it with Ethereum, but the Solana network boasts lower gas fees and transaction times, along with growth of over 10,000 percent in the last year. With a market cap of $61.1B as of today, it has room to grow. The platform is developing…
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Gary Gensler speaks about derivatives and an event hosted by Third Way Think Tank on July 10, 2013. (Photo: Third Way)Is Gary Gensler’s Bark Worse Than His Bite?
Chairman seeks greater authority, but Americans—and a Connecticut jury—aren’t convinced
SEC Chairman Gary Gensler thinks investors needs more protection when it comes to Crypto, telling a key Senate committee recently that when it comes to financing, issuing, lending or trading Crypto, more is better when it comes to Crypto regulation. Following his testimony, Gensler characterized U.S. securities laws in a way that brings to mind the wide nets that industrial fishing trawlers use to snare vast numbers of tuna on the open seas. And if you happen to be pondering a foray into the staking arena be warned, he said, because lending products are likely to fall under the purview of the Twin Towers of SEC authority: The 1933 Securities…
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Our Weekly Bitcoin Review
Odell Beckham Jr’s crypto football salary, the Texas coin-mining boom, and a Bitcoin City in El Salvador
In the cryptocurrency space, no player or asset controls the market as a whole more than Bitcoin (BTC). With this new weekly feature, Modern Consensus will give the latest updates and big news stories from the previous week. The price of Bitcoin currently sits around $56,000, while it was at a high of $64,000 earlier in the week, a significant price drop. Sports Odell Beckham Jr., a wide receiver for the Los Angeles Rams and an extremely popular football player, is now accepting his entire NFL salary in Bitcoin. With a $4.25 million salary, this equates to a little more than 75 BTC a year. He announced this big change…
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India May Ban Cryptocurrency Payments
The threat of decentralization scares the country’s central bank
India’s Parliament is soon to enter winter session, and many legislators are pushing for the banning of cryptocurrency as a form of payment, but Indian investors could still buy and sell it as an asset. The government is also currently working on a bill that would ban advertising by crypto firms within the country. This would include any platform or exchange on which you could buy or sell cryptocurrency. The Reserve Bank of India, the central bank of the country, is aiding in pushing much of this crypto reform.. They have held numerous closed door meetings in the past few weeks with the government about how to address this issue. …
