Gemini’s new HQ in Ireland as part of Euro expansion
Cryptocurrency exchange Gemini has announced Ireland as its European headquarters amidst regulatory uncertainty in the US.
In aggregate since yesterday, the “fab five” — Litecoin, Bitcoin, Bitcoin Cash, Ethereum, and Ripple — were down -0.92%. Leading the way was Bitcoin, whose price is now around $9157.52 USD, which yielded holders a return of -0.13% from the day prior. On the flip side, the worst performer was Bitcoin Cash coming in at -2.06%; its price is now near $282.78 USD. None of the coins had up days, which indicates a wave of bearishness befell the sector as a whole.
None of the coins had moves that could be regarded as unusually large; all the moves were within the volatility ranges we’ve come to expect for each currency. Traders may also wish to bear in mind the following events going on regarding current price patterns:
Ripple had more transactions recorded on its chain yesterday than any other coin; to be precise, it had about 118% more transactions recorded than Ethereum, which was the runner up for the day in terms of transactions recorded. Ripple has a transaction fee less than the transaction fee of Ethereum, which may indicate that transaction fees might be a key reason why users are preferring Ripple. Bitcoin was the coin with the largest transaction across all blockchains yesterday; the largest transaction on its chain was valued at $91,714,360 US dollars. The circulating value of all Bitcoins now comes in at approximately $164.23 billion US dollars — which means Bitcoin accounts for about 67.1% of the entire cryptocurrency market. Its dominance has been in an unclear trend over the past two weeks, ranging between 65.36% to 68.13%.
Cryptocurrency exchange Gemini has announced Ireland as its European headquarters amidst regulatory uncertainty in the US.
According to the European System Risk Board, cryptocurrency might not be linked to traditional finance but still requires more oversight.
Those in positions of government authority will be required to declare their cryptocurrency holdings if a new bill is passed.
Russian lawmakers have proposed significant amendments to the ruble digital currency, allowing non-residents to participate using the CBDC.