When we talk about the ongoing legal battle between the SEC and Ripple, both sides are debating why XRP is a security and why it is not. To avoid such ambiguity, there is clearly an urgent need for crypto rules, as SEC Commissioner Hester Pierce has repeatedly asked for crypto regulations.

Recently appointed SEC Chairman Gary Gensler also spoke about cryptocurrency regulations in a recent interview with CNBC.

He said:

“I think to the extent something is security the SEC has a lot of authority and a lot of crypto tokens — I won’t call them cryptocurrencies for this moment…

Cardano has made so much headlines as accomplishing many recent updates on their roadmap have helped ADA reach the third-largest cryptocurrency by market capitalization.

In addition to strong fundamentals, Cardano (ADA) has an interesting technical formation that signals an upcoming price movement. There are high expectations of the community for the price of $3. The question is not IF, but rather WHEN will Cardano (ADA) reach $3?

Is Cardano (ADA) a Good Investment?

Cardano holders have made huge profits since the beginning of 2021. In fact, the value of the token has increased from $0.15 to $1.70. This is +800% returns that are more than traditional…

The last few months of Cardano included Updates, upgrades, improvements, and implementations. Cardano seems to be pretty much sticking to their roadmap.

Charles Hoskinson, CEO of IOHK, spoke about Cardano’s plans in the coming days in his latest video.

He said,

“May is a big month for us. We went through a huge amount of internal testing.”

Plutus pioneers are currently training more than 1,500 people to deploy code on a test network.

Hoskinson said:

“The integration of Plutus with Node is going very well. The teams are working well. We are where we need to be.

Mithril and the…

Crypto.com, a cryptocurrency exchange and payment service, announced today that it has signed a partnership with Italy’s professional soccer league Serie A.

Crypto.com and Lega Serie A will release a collection of NFTs to commemorate the historic Final on May 19th.

Crypto.com is the first cryptocurrency exchange to sponsor a professional soccer league. Serie A is Italy’s leading professional football league. Serie A has also become the second sports organization to issue NFTs in collaboration with Crypto.com, as Crypto.com has issued limited NFTs for the F1 Aston Martin F1 team in the past.

According to the official announcement, Crypto.com will…

Cryptocurrency is booming right now, and everyone wants to talk about crypto in finance.

Those who are just starting in crypto surely think of ignoring the opportunity to invest in cryptocurrency years before.

Ethereum is a decentralized blockchain. It supports thousands of crypto coins, NFTs, including ETH coins that are built on the ETH blockchain. It is the second-largest cryptocurrency after Bitcoin, with a marketcap of $358,663,210,487. Today ETH crossed 3k USD for the first time ever.

ETH Worth 5 Years Ago

According to historical data from Coinmarketcap, five years ago (May 3, 2016), the price of ETH was $7.10 per coin. If you bought…

Ethereum, the world’s second-largest cryptocurrency, reached a market capitalization of $320 billion on Thursday after ETH hit a record high of nearly $2,750.

Ethereum is now more valuable than the payment giant PayPal.

According to the latest data by Coinmarketcap, Ethereum is up more than 12% in the last 7 days. The cryptocurrency has jumped about 3.1% in the last 24 hours. The latest surge in ETH prices came after an increase in retail and institutional demand for Ethereum.

The total market capitalization of PayPal Holdings is currently around $318 billion, meaning that Ethereum has surpassed PayPal’s total market capitalization.

Tesla and SpaceX CEO Elon Musk said that he has never sold his personal Bitcoin. Elon Musk’s statement came after Tesla sold $272 million worth of Bitcoin.

Tesla announced in its first quarter report that the company earned $272 million from “selling digital assets.” In February, the company announced that it bought $1.5 billion of BTC from Coinbase in a document submitted to the SEC.

Earlier, Tesla and SpaceX CEO Elon Musk announced that Tesla-branded vehicles can be purchased directly with Bitcoin.

Elon Response To Pump and Dump Comment

Famous investor Dave Portnoy made a pump & dump comment on Elon Musk after learning that Tesla was…

IOHK CEO Charles Hoskinson, in a recent interview with Forbes, spoke about Cardano’s eco-friendliness, claiming that the Cardano blockchain is 1.6 million times more energy-efficient than Bitcoin. Hoskinson’s comment shows the advantages of Proof of Stake over Proof of work.

The primary difference between proof of work and proof of stake is that first stage-the picking of somebody to be in charge. With a proof of work system, it’s a meritocratic MINING process; basically, you’re mining hashes, and those are like lottery tickets. You just keep going until you hit the lucky numbers. Then you say, “I have a golden…

The crypto market fell more than 10% last week but entered this week with positive momentum. According to CoinGecko, the total value of the crypto market has increased by 8.1% in 24 hours and is over $2 trillion.

Bitcoin leads the market with a positive start, rising above $50,000 again. According to CoinGecko, Bitcoin dominance has slightly increased to 51.49%.

The six altcoins with exciting news this week are: Cardano, Solana, Elrond Network, Chiliz, Qtum, and My Neighbor Alice plus other major altcoin updates in the Top 100.

Cardano (ADA)

News This week: Cardano Africa special on 29 April 2021, 16:30 UTC.

PayPal CEO Dan Schulman said the demand for cryptocurrencies is several times greater than what we expected. The CEO believes the use of cash will be significantly reduced in the future. Referring to the difference between cryptocurrencies and CBDCs, Dan Schulman thinks that CBDCs are just digitalized versions of fiat currencies such as the US dollar.

Dan Schulman said in an with Time magazine that ten years from now, cash usage would see a tremendous decline, Stating that all payment tools such as credit cards will be eliminated.

The CEO thinks that there will be a much decrease in the…

The Crypto Basic

The Crypto Basic is focused on covering the most important topics of Cryptocurrency https://thecryptobasic.com/

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store