Hester Pierce, SEC Commissioner, said recently that a government ban on Bitcoin would be ‘foolish’ and that ‘you’d have to shut down the internet.’ Pierce is well known for being bitcoin-friendly and has affectionately been called “Crypto Mom” by the crypto community. 

UK-based challenger bank Revolut has added 11 crypto assets to its platform, giving its users the opportunity to buy and sell a total of 21 coins. In an email to users the company said “2021 is the year of crypto at Revolut”.

The latest CryptoCompare Exchange Review shows that spot volumes rose 9% to reach $3bn and derivatives volumes dropped 5% to $2.74tn and Bitcoin reaching its all-time high of $61,749 on the 13th. 

AAVE and CryptoCompare are hosting a live webinar panel to discuss NFTs and DeFi on 13 April at 12PM EST / 4PM GMT.

Sponsored: Aventus, the layer-2 blockchain protocol that brings scalability, lower costs, and speed to Ethereum transactions, announced last week its Validator Staking Program Part 2 to allow AVT token holders to earn their share of transaction fees from Aventus Network transactions.

Top stories in the Crypto Roundup today:

• Government Ban on Bitcoin Would be ‘Foolish’ According to SEC Commissioner
• Revolut Adds 11 of the ‘Hottest Coins in Crypto’ 
• Institutional Traders Err on the Side of Caution as Bitcoin Open Interest on CME Drops 15%
• Join AAVE and CryptoCompare to discuss NFTs and DeFi on 13 April at 12PM EST / 4PM GMT
• Sponsored: Aventus Network Launches Second Validator Staking Program For AVT Token Holders

Government Ban on Bitcoin Would be ‘Foolish’ According to SEC Commissioner

Hester Pierce, SEC Commissioner, said recently that a government ban on Bitcoin would be ‘foolish’ and that ‘you’d have to shut down the internet.’ Pierce is well known for being bitcoin-friendly and has affectionately been called “Crypto Mom” by the crypto community. 

“I think we were past that point [of banning Bitcoin in the US] very early on because you’d have to shut down the internet,” Peirce said. “I don’t see how you could ban it. You could certainly make the effort. It would be very hard to stop people from doing it [trading Bitcoin],” she said. "So I think it would be a foolish thing for the government to try to do that." 

When asked about crypto regulation in general Pierce was optimistic because the new SEC Chairman, Gary Gensler, was clued up on crypto and will move things in the right direction.

Revolut Adds 11 of the ‘Hottest Coins in Crypto’

UK-based challenger bank Revolut has added 11 crypto assets to its platform, giving its users the opportunity to buy and sell a total of 21 coins. The neo-bank has an estimated 16 million users and has made crypto a key part of its strategy. In an email to users the company said “2021 is the year of crypto at Revolut”. 

Revolut said the 11 coins were “some of the hottest coins in crypto right now”. Well, you can decide for yourself… here are the coins Revolut added; Cardano (ADA), Uniswap (UNI), Synthetix (SNX), Yearn Finance (YFI), Uma, Bancor (BNT), Filecoin (FIL), Numeraire (NMR), Loopring (LOOP), Orchid (OXT), and The Graph (GRT).

Institutional Traders Err on the Side of Caution as Bitcoin Open Interest on CME Drops 15%

The latest CryptoCompare Exchange Review shows that spot volumes rose 9% to reach $3bn and derivatives volumes dropped 5% to $2.74tn and Bitcoin reached its all-time high of $61,749 on the 13th. Meanwhile open interest for CME’s BTC futures have decreased 15% and their ETH futures product has grown more popular, with average open interest up 66% from February.

The report has been sponsored by AAX, the world’s first crypto exchange powered by London Stock Exchange Technology. Offering futures, spot and P2P trading, it provides a highly secure, deeply liquid and ultra-low latency trading environment; and a meeting point between crypto and global finance. Futures trading on AAX offers up to 100x leverage, deep liquidity and tight spread!

Join AAVE and CryptoCompare to discuss NFTs and DeFi on 13 April at 12PM EST / 4PM GMT

Non-Fungible Tokens (NFTs) have recently exploded into the public sphere, representing a unique intersection of the creative economy's entrance into the digital assets ecosystem. This special panel session, in partnership with AAVE, will take a deep dive into the world of non-fungible assets and their relationship to decentralized finance. What trends have we seen thus far and what is likely to come in 2021 and beyond? Don't miss this live zoom discussion covering the convergence of art, tech, finance, and DeFi.

Aventus Network Launches Second Validator Staking Program For AVT Token Holders

Aventus Layer-2 Ethereum scaling solution pays validators their share of transaction fees from more than 8.5m historical transactions

Aventus, the layer-2 blockchain protocol that brings scalability, lower costs, and speed to Ethereum transactions, announced last week its Validator Staking Program Part 2 to allow AVT token holders to earn their share of transaction fees from Aventus Network transactions.

What is the Aventus Validator Registration Program?

The Aventus Network (AvN) main net is a second-layer blockchain protocol that brings scalability, lower costs, and speed to Ethereum transactions. 

The network relies on AVT holders as Validators who process transactions in return for a fee. The Aventus Network launched with 10 nodes, each with an equal probability of selection to process transactions.

Each node earns fees associated with the processed transactions at an average of $0.01 per transaction. And each node will have a total stake of 250,000 AVT.

AVT holders staked more than 1.5m tokens during Part 1 and now have the chance to stake up to 1m more tokens during Part 2, totalling 25% of total AVT supply.

Validator transaction fee rewards are paid in proportion to the amount of AVT a Validator associates with a node. 

Thanks to Aventus’ existing partnerships with Cashback App, Artos Systems, FanDragon, and VOW currency, Aventus Validators earn transaction fees from the processing of a minimum of 8.5m historical transactions.

Become a Validator

Validators are free to withdraw their proportional share of transaction fees associated with their nodes on a monthly basis and deposit any amount of AVT to any of the 10 nodes using the Ethereum smart contract provided. The smart contracts have undergone a security audit by an independent third-party.

The Validator Staking Program Part 2 began on March 31st and will last until the end of April.

How to earn transaction fees with your AVT as a Transaction Validator

To register for the Transaction Validator Program, visit Aventus' Products.

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