Bitcoin and Ethereum prices rebound after a rocky start to the week. Bitcoin is up more than 5% this week, while Ethereum is up almost 10%.Bitcoin had been in a decline since early February, when South Korean exchanges were hacked. As a result of the hack, many people stopped investing in Bitcoin and instead turned to Ethereum as a more stable investment. Ethereum has been relatively unscathed by the hacks and market fluctuations, which has helped it regain some of its lost value.Another factor that may have contributed to the rebound in prices is a Congressional hearing on cryptocurrency Thursday. The hearing was held by the House Financial Services Committee and featured testimony from several top financial regulators. This testimony was seen as positive news by investors, who are hoping that Congress will provide regulatory clarity on cryptocurrencies.
EOSIO, the blockchain platform developed by Block.One, has released an update to its software that adds new features and improves the performance of the platform. The update includes new decentralized applications (dApps) support, a more efficient account management system, and performance enhancements for both the EOSIO Core software and dApp users.EOSIO is one of the most popular blockchain platforms in use today. The update to its software is designed to make it even more user-friendly and efficient. The addition of new dApps support means that users can now create decentralized applications that can be used on the platform. The improved account management system makes it easier for users to manage their accounts and transactions. Finally, the update also includes performance enhancements that should make using EOSIO more enjoyable for both developers and users.
Verge (XVG) has announced the launch of its own blockchain platform, dubbed “”Verguex.”” The Verge team says that Verguex will provide developers with a “”secure, easy-to-use and highly scalable blockchain platform.”” According to Verge, the new platform will allow for decentralized applications and smart contracts. Facebook announces plans to ban all advertisements related to cryptocurrency and related products. The company stated that it is not responsible for any financial losses caused by the move. Facebook has been battling manipulation of its platform crypto news in recent months, which is a large part of their reasoning for this ban. Google has also announced that it will be banning all ads for cryptocurrencies and related products. Japan’s new financial regulator unveils plans for cryptocurrency exchanges The Financial Services Agency (FSA) announced its plan to create a self-certification system for cryptocurrency exchanges, in an effort to bring transparency and improve consumer protection. The system will require exchanges to submit detailed information on their business operations and financial status, in order to verify their compliance with existing financial regulations.