Crypto Guides, Knowledge & Insights

Is Ethereum stronger than Bitcoin

Bitcoin was the first ever cryptocurrency in the world, that originated back in 2008. Since its rise to stardom many other virtual coins emerged, but none of them managed the same impact as the second most popular coin in the world, the Ethereum. ETH is a relatively younger addition into the mix, but straight away it captivated the attention of crypto enthusiasts with several major improvements that it brought to the table. So, why is Ethereum and ETH Gambling so popular and how does it compare to Bitcoin？ Lets dive into the details and dissect what Ethereum Gambling is all about.　　 How is Ethereum superior to BTC？　　There are numerous differences between the original cryptocurrency and ETH, but it all boils down to two major advantages. First of all, Ethereum is much faster to process compared to BTC, with transactions happening in matter of seconds and minutes. Most importantly it comes with smart contract technology. SC is the pinnacle of the crypto world, which enables a much more secure and contract-based deals and transactions, only between the two parties involved. When Using Ethereum, through this technology you can deal directly with any person or business without intermediaries and on a much

2021-03-04Deep Dive

SEC Nominee Gary Gensler’s Hearing: What’s Good and Bad for Bitcoin and the Crypto Industry

Gary Gensler thinks Bitcoin and cryptocurrencies in general are good, but the SEC need to prevent the bad practices associated with these technologies.　　Gary Genslers statements to the U.S. Congress on March 2, 2021, were beautiful to the ears of crypto enthusiasts. Still, a small part raised red flags and contributed to the markets closing the day with a red candle just when bitcoin seemed to be recovering from a monstrous crash.　　Gary Gensler is nominated by U.S. President Joe Biden to be the next SEC Chairman. His testimony before Congress is a formality that made it possible to probe his opinion and knowledge on various issues inherent to his appointment. The boom of cryptocurrencies is one of them.　　Bitcoin closed the day with a red candle of about 2.3% loss in 24 hours, but 6% down between its high and low. Genslers statements seemed to have catalyzed this reaction, although a few hours later, the eastern markets seem to have brought things back to normal.　　Gary Gensler Means Good News…　　Gensler is a well-known financial and cryptocurrency expert. Not only does he study cryptocurrencies from a legal standpoint, but he also teaches on the subject at the MIT.　　During previous years, Gary Gensler worked on

2021-03-03Deep Dive

SEC Chair Nominee Gary Gensler: Crypto a 'Catalyst for Change'

In brief　　Gary Gensler, President Bidens pick for SEC Chair, testified before congress today as part of his confirmation hearing.　　And Gensler had some positive things to say about crypto.　　Gary Gensler—President Bidens nominee for chairman of the SEC—said today in his Senate confirmation hearing that cryptocurrencies “have been a catalyst for change.”　　“Bitcoin and other cryptocurrencies have brought new thinking to payments and financial inclusion, but they‘ve also raised new issues of investor protection that we still need to attend to,” Gensler told Senator Mike Rounds. He went on to say that, if confirmed, he’d work to “both promote the new innovation, but also, at the core, ensure for investor protection.”　　Gensler, who spent nearly 20 years at Goldman Sachs before pivoting to public sector work, was chairman of the Commodity Futures Trading Commission during the Obama administration. Hes also a professor at MIT, where he teaches a course on blockchain tech and cryptocurrencies.　　The SEC has played an important role in regulating cryptocurrencies over the past decade. While it‘s been the commission’s view that Bitcoin isn‘t a security, and so isn’t regulated by the SEC, other coins (like XRP) have faced legal action for that very reason.　　Gensler said in 2018 that he thought XRP

2021-03-03Deep Dive

Second Ethereum ETF Filed in Canada

A second preliminary prospectus for an ether exchange-traded fund (ETF) has been filed Tuesday by Evolve Funds Group in Canada.　　A second preliminary prospectus for an ether (ETH, -3.68%) exchange-traded fund (ETF) has been filed Tuesday by Evolve Funds Group in Canada.　　In an announcement, the firm said it has filed a preliminary prospectus with the Canadian securities regulators for the ETF which if approved would give investors exposure to the daily price movements of the U.S. dollar price of ether.　　On Thursday, CI Global Asset Management filed a preliminary prospectus in Canada for what would be, if approved, the worlds first ether ETF.　　Back in February, the Ontario Securities Commission approved Evolve‘s bitcoin (BTC, -1.79%) ETF which became the second such product to be approved in Canada and is now trading on the Toronto Stock Exchange. The first ETF to be approved by regulators was the Purpose Investment’s bitcoin ETF which was launched on Feb. 19.　　“Ether is the building block for a revolution in digital finance which is still in its infancy,” said Elliot Johnson, chief investment officer, and chief operating officer at Evolve ETFs. “Ethereum is the most actively used blockchain with Ether being used to pay for transaction fees and computational

2021-03-03Deep Dive

Amazon Managed Blockchain at Last Supports Ethereum, Ending a Two-Year Tease

There are over 8,000 nodes on the Ethereum network. Amazons new management feature should increase that number.　　Amazon Web Services (AWS) “managed blockchain” service now supports Ethereum out of the box, some two years after the integration was first hinted at in 2018.　　“With this launch, AWS customers can easily provision Ethereum nodes in minutes and connect to the public Ethereum main network and test networks such as Rinkeby and Ropsten,” AWS said in a blog post Tuesday.　　Amazon Managed Blockchain also supports Hyperledger, a permissioned fork of the Ethereum software intended for enterprise applications.　　AWS previewed Ethereum support in December.　　Read more: Amazon Plays Its Own Game With Enterprise Blockchain　　“With Amazon Managed Blockchain, customers get secure networking, encryption at rest and transport, secure access to the network via standard open-source Ethereum APIs, fast and reliable syncs to the Ethereum blockchain, and durable elastic storage for ledger data,” the blog posts add.　　There are over 8,300 Ethereum nodes currently on the Ethereum network, according to Etherscan. Nodes keep consensus on the ledger, check transactions, and protect the network against hostile actors. A higher number of geographically and systematically separate nodes is generally considered healthy for the network.　　“Its an incredible signal for the value of Ethereum in

2021-03-03Deep Dive

Major Canadian Car Dealer to Accept Bitcoin

Quebec-based car dealer HGreg has announced that it will start accepting cryptocurrencies in a press release.　　HGreg president John Hairabedian expects the bold move to improve clients shopping experience:　　“Our desire to constantly evolve and improve our customers shopping experience inspires us to make bold decisions. Providing them with a greater variety of payment methods is part of it.”　　The new payment method has already been put to the test with a few transactions.　　HGreg—which allows its clients to buy cars on its website—is one of the fastest-growing companies in Canada. The car dealer opened its first U.S. store in Dora, Florida, back in 2010. It currently boasts 30 franchised dealerships across North America.　　The company will keep a portion of its cryptocurrency revenue as an investment.　　More car brands get behind Bitcoin　　As reported by U.Today, e-car manufacturer Tesla also mentioned that it would start accepting Bitcoin for car payments while disclosing its $1.5 billion investment into the cryptocurrency on Feb. 8.　　Recently, Italian supercar manufacturer Mazzanti also made it possible to buy its Evantra supercar with the largest cryptocurrency.　　In an interview, Houston billionaire businessman Tilman Fertitta revealed that his dealership had sold 17 luxury cars to customers over three years:　　“Tesla taking it is much more important

2021-03-03Deep Dive

Inspired by Tesla, South Korean Crypto Moms Take the Bitcoin Plunge

While demographic studies have shown in the past that the average crypto investor is young and male, the picture in 2021 might be changing, a recent report has found, with Millenials being edged out by boomers and Generation Xers. At least that is the case in South Korea, where a new wave of “crypto moms” is becoming increasingly interested in bitcoin (BTC) and altcoins.　　Running with the headline “Mom‘s a BTC investor,” Maeil Kyungjae reported that people aged 40-49 are now South Korea’s leading demographic for crypto investment, quoting data from WiseApp, a researcher that analyzed statistics from the domestic market-leading crypto exchanges Bithumb and Upbit.　　South Korean blockchain consultant Mira Kim told Cryptonews.com that she has seen “a lot of older people” take up crypto buying in recent weeks. But does that mean there really are “Crypto moms” out there, eclipsing their children and hoping to see the token rise “to the moon” and beyond？ “Yes,” said Kim. “Its a very real phenomenon.”　　Kim explained,“Things started to get serious after the Tesla news broke. I think it was a key moment of validation, and crucially it was followed by sustained growth. That led some older folks – many of them female –

2021-03-03Deep Dive

Is Bitcoin About to Break Into Traditional Financial Models?

Despite a pronounced dip in value at the beginning of 2021, Bitcoin has continued to enjoy a stellar few weeks of late.　　Firstly, the market leading crypto token reached a new high of $48,635 last month, following a huge, $1.5 million (£1.1 million) investment by Elon Musks Tesla firm.　　This week, Bitcoins price increased again to a whopping $48,635 amid news of potential partnerships with financial giants MasterCard. Overall, the token has seen its value soar by more than 364% year-on-year, as it continues to disrupt mainstream financial models and push beyond the verge of the consumer mainstream.　　But will Bitcoin really disrupt and arguably break the traditional finance mould, or will it forever exist on the fringes of the fiscal services sector？　　Then and Now - Bitcoin During the Last 12 Months　　Interestingly, Bitcoin also enjoyed a stellar 2020 despite the coronavirus pandemic, rising by nearly 300% during the year and outperforming the combined gains of gold and the Dow Jones Index by a factor of 10 in the process.　　Bitcoin also mirrored the performance and trajectory of gold through October of last year, causing some to speculate that the asset is emerging as a relative safe-haven currency during times of economic tumult.　　This is borne

2021-03-03Deep Dive

Sony Europe joins Theta Network as ‘Enterprise Validator’

A division of Sony Europe has joined Theta Labs Enterprise Validator and Governance Council Program, the firms said in a release shared with CryptoSlate.　　Another validator　　Sony Europe‘s R&D Center Europe Brussels Laboratory joins the program as an enterprise validator and member of the governing council to participate in strategic technology planning and ensure the network’s security, reliability, and stability.　　As a member, Sony will operate an enterprise validator node located in Europe to support the network. It joins existing validators like Google, Samsung, Binance, Blockchain Ventures, and gumi.　　Underlying the validator program is Thetas protocol, technology, and operations which provide a native implementation of off-chain micropayments that scale to millions of concurrent video viewers.　　“At R&D Center we share Theta Networks passion towards decentralized technologies, and are excited about the possibilities which blockchain technologies can offer to creators,” said Magdalena Wasowska, Head of Sony Europe R&D Center Europe Brussels Laboratory.　　Wasowska said that possibilities included tools for license and rights management and innovative solutions for content distribution networks like Theta.　　Theta Labs launched its native proof-of-stake blockchain purpose-built for decentralized video and data delivery in 2019 and has quickly advanced towards full decentralization of its security and governance supported by its validator node and guardian node

2021-03-03Deep Dive

Cboe Files With the US SEC Again to List VanEck’s Bitcoin ETF

The US Securities and Exchange Commission has received an application from Cboe to list VanEcks already proposed Bitcoin ETF.　　Yet another attempt for a US-approved Bitcoin ETF is on the horizon coming from the Chicago Board Options Exchange (Cboe). The organizations filing with the SEC aims to build on a previous S-1 filing initiated by VanEck.　　CryptoPotato reported in late 2020 that the US investment giant with about $50 billion in AUM, VanEck, has filed for its latest S-1 form with the SEC to establish a Bitcoin ETF called The VanEck Bitcoin Trust.　　The company‘s application indicated that the ETF’s shares would be traded on the Cboe BZX Exchange if approved.　　Although the Commission has not issued a formal response yet, Cboe has interfered with the application by filing a proposal of its own.　　It works as an addition to the previous attempt as the proposal “builds on VanEcks earlier S-1 filing” and “represents the next steps in bringing what could be the first US Bitcoin ETF to market.”　　Furthermore, the filing reads that such a product would “present certain advantages for retail investors compared to buying spot bitcoin directly. The most notable advantage is the use of the Custodian to custody the Trust‘s bitcoin assets.”

2021-03-03Deep Dive