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.
Since the previous day, the five most-watched cryptos (Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and Ripple) provided their holders with a return of -0.83%. Out of the aforementioned five, XRP gave investors the best daily return; it was up 1.85%, which has its price now near $0.295548 USD. On the flip side, the worst performer was Bitcoin Cash coming in at -2.45%; its price is now near $227 USD. Two of the coins had up days, which is a mixed sign for the crypto sector.
Yesterday was a fairly normal day for all of these cryptocurrencies in the sense that they fluctuated within the normal daily range we have come to suspect them to move within. Also of note for technical traders are the following developments in price action:
The blockchain that saw the most transactions recorded on its blockchain over the past day was Ripple; its 1,049,855 transfers added was about 49% greater than the transactions recorded on Ethereum, which was the runner up for transactions logged on its chain over the past 24 hours. Ripple’s transaction fee was also less than Ethereum’s, suggesting transaction fees might be a key reason why users are preferring Ripple. The largest transaction in the cryptocurrency space yesterday, coming in at a value of $88,319,672 occurred on Bitcoin’s chain. The circulating value of all Bitcoins now comes in at approximately $143.89 billion US dollars — which means Bitcoin accounts for about 66.25% of the entire cryptocurrency market. Note that Bitcoin’s dominance level has been in a downtrend, heading between 65.85% to 66.95% over the past two weeks.
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.