CFTC Chair Heath Tarbert Says He’s Impressed With Ethereum, Likens It To The Internet

CFTC Chair Heath Tarbert Says He’s Impressed With Ethereum, Likens It To The Internet
фото показано с : zycrypto.com

2020-10-16 20:34

Critics have continuously tried to spread FUD about the world’s second-largest cryptocurrency by market capitalization owing to its persistent scalability issue. To be fair, the network has been extremely congested as of late especially due to the booming decentralized finance (DeFi) sector. As ethereum struggles to keep up with the demand, transaction fees have become ridiculously high.

Critics have gone further to suggest that the ethereum network will never be a success due to the ETH 2.0 upgrade (which promises several scaling solutions) being delayed countless times. 

Nevertheless, the cryptocurrency’s supporters are adamant that the future is bright. Heath P. Tarbert, the chairman of the US Commodities and Futures Trading Commission, for instance, recently showered ethereum with praises. 

CFTC Chairman Likens Ethereum To The Internet

During a virtual conference hosted by Coindesk, Heath Tarbert declared that he is impressed with ethereum. Tarbert explained that in his capacity as a regulator, he views bitcoin and ethereum as an analogy between the internet and email. 

While conceding that bitcoin is still a revolutionary technology, Tarbert posited that the flagship crypto is email. Ethereum, on the other hand, supersedes this and is “more like the internet”, according to the CFTC Chief.

The chairman of the CFTC literally just said this pic.twitter.com/CRVwA4SwNT

— Spencer Noon (@spencernoon) October 14, 2020

It should be noted that this is not the first time Tarbert is publicly expressing his support for ethereum. Late last year, he predicted that the cryptocurrency community would see regulated ethereum futures contracts within six months to one year from that time. Earlier this year, he reiterated his belief that ethereum should have its own futures while speaking to Bloomberg.

CFTC Bolsters Chances Of Crypto Going Mainstream

While cryptocurrencies remain highly unregulated in most countries, the U.S. CFTC is putting its best foot forward. The agency is very focused on regulating crypto in an effort to promote innovation in the sector.

As part of CFTC’s plan to regulate the digital assets space, it recently charged Seychelles-domiciled derivatives exchange BitMEX and its executives with failing to register in the United States and facilitating money laundering.

CFTC has already clarified that ethereum — just like bitcoin — should be treated as a commodity. If the regulator continues offering more clarity on how cryptocurrencies should be treated, fresh investments are likely to trickle into the budding crypto industry.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

FairCoin (FAIR) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 1.15 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0277586 (-100%)

fair network issue owing persistent scalability extremely

Источник: zycrypto.com

fair network → Результатов: 55


51% Attack: Ethereum Classic is the Most Unsafe PoW Network, Bitcoin is the Safest Per LongHash

As far as technology is concerned the world is thankful because pretty much everything human beings enjoy today can be traced to some technological advancement or the other. However, with the increase in technological innovation, there’s almost an equal increase in the risk of these advancements being compromised. The cryptosphere has suffered its fair share […]

2019-6-25 19:18


Sportcash One ICO

Our project is a Platform for the Sports Industry with safe transactions secured by a blockchain system. Our project will be built on the Waves Platform, will be named Sportcash One, and we will be using 2 tokens, an SCOne Utility Token to purchase real world and digital goods directly through the platform and a Diamond Token that will reward our users for promoting, using and sharing our token economy and social media platform.

2019-3-28 10:35


BlooCYS ICO

BlooCYS will be an expert place platform that facilitates hiring professionals for consultancy services using real-time video and blockchain technology. Using blockchain technology, BlooCYS will unite consumers and experts into a decentralised, open and fair network that anybody can use without going through any intermediaries.

2019-1-17 17:05


Интервью с Максом Кайзером: покупайте биткоины, «оставьте альткойны идиотам вроде Джейми Даймона»

Известный телеведущий и кинорежиссер, а ныне ведущий программы Keiser Report на канале RT Макс Кайзер (Max Keiser) поделился с изданием Bitcoinist мыслями о последних событиях во Франции, о том, как Россия может использовать биткоин и почему биткоин остается королем криптовалют.

2018-12-13 15:22


Фото:

New Mining Manufacturer Linzhi Announces Ethereum ASIC Miner

Chen Min, the former chief chip maker at Bitcoin mining chip developer Canaan Creative, is turning her attention to Ethereum. Announcing her venture at the Ethereum Classic Summit in Seoul, South Korea, Chen’s new company, Linzhi, will focus on building cryptocurrency mining devices, and its first official products are a series of application-specific integrated circuit (ASIC) miners designed specifically for Ethereum and Ethereum Classic.

2018-9-15 01:22


INFLEUM ICO

INFLEUM is an open source brand publishing and marketing agent platform based on blockchains that provides 8 DAPP services by ELSOL COMPANY. INFLEUM measures and distributes the value of influence according to user participation within all stages of the brand publishing ecosystem cycle: investment, network, marketing, sharing, consumption, and payment.

2018-9-11 02:03


Фото:

The DADI Network Goes Mainstream, Rolling Out Node Giveaway

In its early days, the web’s founding principles were clear and simple: A new way to host and distribute information globally, bringing data together in a way that’s fair and open for all. But as adoption rose, networks swelled and our reliance on the internet grew, and finding a home for all that data became a challenge — and so we turned to cloud computing as the answer.

2018-8-11 08:30


Covee Network ICO

Covee is building a global, borderless and collaborative future of work where smart contract replace middlemen like corporations and team governance is self-organized and decentralized. Using the blockchain technology and advanced mechanism design, the platform insures fair reward distribution and establishes a trusted environment for remote collaboration.

2018-7-24 15:57


Фото:

Promoted: The Future of Online Shopping Is Powered by Spl.yt — A Decentralized E-Commerce Protocol

As a rapidly growing business sector, e-commerce continues to open up new avenues for exploring, comparing and purchasing products worldwide. Spl. yt, a smart contract protocol, aims improve the e-commerce system for buyers and sellers by automating functions currently performed by “middlemen” marketplaces like Amazon, eBay and Alibaba.

2018-7-16 19:45


Фото:

Facebook is teaching AI to talk you through directions

Facebook is developing a “Talk the Walk” AI capable of giving walking directions without knowing a user’s location. What it is: A team comprised of a researcher from the University of Montreal in Canada and Facebook Artificial Intelligence Research (FAIR) scientists recently published a white paper describing a neural network capable of giving a person plain language directions without the use of GPS or other location tracking aids.

2018-7-11 19:00


PopChest ICO

The POP Network is a decentralized approach to monetized video distribution using direct micropayments and token incentives instead of relying on advertising and paid subscriptions. The result is a system where Creators form direct relationships with their consumers, are liberated creatively, and get economically rewarded in a fair, transparent manner.

2018-7-2 17:20


Elrond ICO (ERD Token): Adaptive State Sharding & SPoS Blockchain?

Elrond Network is a scalable public blockchain that seeks to deploy a novel architecture that goes beyond typical scalability with their whole state sharding scheme. The sharding protocol eliminates energy and computational waste while also ensuring there is fair distribution through the Secure Proof of Stake (SPoS) consensus. Still, the structure will work in line […]

2018-6-30 22:13


дальше еще 6 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru