The R Roundup: SEC Investigates Decentralised Exchange Uniswap — Issue #5
One of the key characteristics to the crypto currency space is the fact that the majority of projects develop on the basis of decentralisation. The biggest DeFi exchange Uniswap was recently reported to be under investigation by the US Securities & Exchange Commission (SEC).
The SEC have been investigating crypto as a whole and there is even an ongoing case already between XRP and the SEC. Inevitably, regulators have been clamping down on crypto and have been attempting to depict any loop holes.
It is reported by an unnamed source from the Wall Street Journal that the SEC is investigating the way in which the exchange is marketed.
Uniswap reportedly told the Wall Street Journal that they have full commitments to comply with ‘laws’ and ‘regulations’ and will provide information to aid the regulators inquiries.
Ethereum 2.0 Staking Announced By Coinbase
With the developments to the Ethereum network with ETH 2.0, there is an option to stake your ETH in order to become an Ethereum validator.
Staking on Ethereum includes depositing 32 ETH (125774.72) which then enables you as a validator to be responsible for storing data and processing transactions. This is coincides with Ethereum now using the Proof of Stake (PoS) consensus protocol which is said to bring all round improvements to the network for miners and also the average user experience.
One of the top crypto exchanges Coinbase recently announced that the ETH 2.0 staking waitlists are officially live in the UK and many countries in the EU. As expected, the demand for ETH.20 staking is highly anticipated hence why Coinbase have decided to roll out the development through waiting lists.
BBVA Switzerland Launches Crypto Investment Account
The Swiss branch of BBVA is set to be launching a digital investment account which allows their users develop portfolios around new technologies including a cryptocurrency’s.
This is not the first time we have seen financial services involving themselves in the world of cryptocurrency’s as we have seen Visa buying NFT’s however, BBVA believe that by implementing new technologies it can “attract new clients” with niche interests like crypto.
Users will receive a wallet for storing, purchasing and selling bitcoin which will be integrated with the mobile app.
More information can be found here — https://news.bitcoin.com/bbva-switzerland-launches-new-gen-digital-account-with-integrated-crypto-wallet/
$SOL Season Is Here To Stay!
Over the past few weeks we have seen rallies across the whole cryptocurrency markets however, $SOL stole the show creating new all-time highs now sitting at $142.
The common consensus around crypto is that Ethereum gas fees are unattainable for the average user with some transactions costing hundreds of dollars. Many people have been looking for a quote on quote “Eth-Killer” and in comes Solana.
Solana is known for its cheap transaction fees and the user experience is known to be a positive one. Solana is one of the strongest projects in the space and it has been shown through the parabolic growth and recently flipping the marketcap of $DOGE.
Additional links:
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