Chairman of the US SEC: Multiple encryption regulators may "disrupt" market regulation
1.Chairman of the US SEC: Multiple encryption regulators may "disrupt" market regulation.
Gary Gensle, chairman of the US Securities and Exchange Commission (SEC), said on Thursday that if the supervision of the cryptocurrency market is divided among federal regulators, market regulation may be undermined. He said: "If we eventually have multiple federal agencies to define what securities are, and another agency tries to define it, it may undermine what we are doing." While Gensle was commenting, the Senate Agriculture Committee was debating legislation to give another U.S. Commodity Futures Trading Commission (CFTC) more power to designate digital assets as commodities. Gensle added that on the issue of cryptocurrency, "a policeman patrols and a regulator" is very important.
2.ETHW fell below $17, down nearly 50% in 24 hours.
According to coinmarketcap data, the price of ETHPow (ETHW) has fallen below $17, currently $16.94, with a 24-hour drop of 49.70%. The market fluctuates greatly. Please do a good job in risk control.
3.ETH fell below $1500.
ETH fell below $1500 and now reported $1499.63, with a daily decline of 6.36%. The market fluctuates greatly. Please do a good job in risk control.
4.After the merger of Ethereum, the prices of some GPUs fell by nearly 40%.
With the successful completion of Ethereum merger, the demand for GPU mining machines seems to have shrunk, and a large part of the mining market will no longer pay attention to GPU. At present, the price of some GPUs has also dropped rapidly. The RTX 3080 10GB Founder's Edition model on the eBay platform sold for more than $750 in the middle of June, but now it has fallen to the range of $500-600, with a price drop of 39%.
5.F2pool online ETHW ore pool.
The f2pool has been launched into ETHW (Ethereum PoW) ore pool, and the residual computing power of the original ETH ore pool has been transferred to ETHW for mining. ETHW uses the Ethash mining algorithm to support GPU and Ethash ASIC mining machines.
6.E-commerce platform BigCommerce accepts cryptocurrency payment through cooperation with BitPay.
Shopify competitor and e-commerce platform BigCommerce today announced the establishment of a strategic partnership with cryptocurrency leaders BitPay and CoinPayments to provide cryptocurrency payment solutions for BigCommerce merchants in selected countries/regions. Through BitPay, merchants can accept various cryptocurrencies, including BTC, ETH, DOGE, BCH, SHIB, WBTC, LTC, XRP and five stable currencies linked to the U.S. dollar (BUSD, DAI, GUSD, USDC and USDP).
7.The Central Bank of Egypt issued an encryption warning, and violators may face imprisonment.
The Central Bank of Egypt (CBE) once again warned against all types of cryptocurrencies, and violators could face imprisonment. CBE stated in its statement that its laws "prohibit the issuance, trading or promotion of cryptocurrencies, and prohibit the creation or operation of platforms for trading or related activities." Previously, the Central Bank of Egypt issued a similar warning on cryptocurrencies in January 2018, specifically specifying Bitcoin.
8.The supply percentage of BTC that has been active for more than 5 years recently reached a new historical high.
Glasssnode data shows that the percentage of BTC supply that has been active for more than five years recently has just reached a historical high of 24.750%.