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 up 22.86%. Leading the way was XRP, which yielded holders a return of 22.86% from the day prior. In terms of the worst performer, that would be XRP, which reported a day-over-day return of 22.86%. In total, one coins were up from the day prior, which indicates the almost the entirety of the sector as a whole moved down.
It should be noted that the price behavior of XRP is especially curious, as its move yesterday was much larger than its normal daily trading range. Also of note for technical traders are the following developments in price action:
Ethereum had more transactions recorded on its chain yesterday than any other coin; to be precise, it had about 34% more transactions recorded than Ripple, which was the runner up for the day in terms of transactions recorded. Ethereum’s transaction fee was also greater than Ripple’s, suggesting consumers are opting for Ethereum in spite of its higher fees.. Bitcoin was the coin with the largest transaction across all blockchains yesterday; the largest transaction on its chain was valued at $129,671,312 US dollars. Bitcoin has the largest market capitalization, which may shed insight into why it has been able to attract the largest transactions to its chain.
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.