Author: NBTC
Nate Geraci, the president of the ETF Store, took to social media to reveal that it is impossible for anyone to accurately determine when the US SEC will fully approve spot Ethereum (ETH) exchange-traded funds in the country. When will SEC approve spot eth ETF registration statements?*Nobody* knows for sure, but my expectation would be next few weeks.2-3 months max.IMO, heavy lifting already done following spot btc ETFs & eth futures ETFs.Just a matter of how long SEC wants to string this out. — Nate Geraci (@NateGeraci) May 28, 2024 Geraci expected that the full approval of spot ETH ETFs…
A major Chinese bank, Industrial Bank, will reward digital yuan-using customers with carbon points as it targets further CBDC adoption. Per CICC Online, the bank announced that verified digital yuan wallet users can now obtain “personal carbon account points” when they use its app to make purchases with the CBDC. Major Chinese Bank: Digital Yuan and Green Finance Are Complimentary Customers will accrue carbon points when they make e-CNY retail payments via the app. They can also get points by using digital yuan tokens to make “fund purchases and credit card payments.” Several Chinese banks launched personal carbon points platforms…
Prominent crypto author Panos Mekras has identified built-in account abstraction as the primary solution that will lead to mass adoption of XRP Ledger (XRPL). Mekras recently made this proposition on X, bringing it to the attention of Ripple engineers such as Mayukha Vadari and CTO David Schwartz. The XRP Ledger needs a built-in account abstraction solution! The main solution that will lead to mass adoption. A solution that can allow an account (especially useful for projects) to pay for tx fees and reserves for other accounts, and maybe even reduce or remove completely… — Panos 🔼{X} (@panosmek) April 28, 2024…
The uptrend of the Bitcoin (BTC) price has come to an end as it has dipped below the moving average lines. BTC price analysis by Coinidol.com. Long-term forecast for the Bitcoin price: bearish The price of the cryptocurrency has been pushed away from the $72,000 barrier zone. Since March 14, the largest cryptocurrency has been trading in a sideways trend, hovering between $66,000 and $72,000 in anticipation of a bull market. Buyers made several futile attempts to resume the uptrend but were rebuffed. Bitcoin fell considerably to a low of $61,593 as bulls bought dips. Selling pressure will continue as…
Ethereum developers have decided to launch the Pectra update by Q1 of next year, so what will be the price predictions for ETH in 2025? Ethereum: the price predictions for 2025 in view of the launch of the Pectra update Ethereum: what is the Pectra update? ETH price predictions for 2025 Ethereum: the price predictions for 2025 in view of the launch of the Pectra update Cambiamenti in vista per l’ecosistema Ethereum, che porteranno anche a nuove previsioni di prezzo per ETH per il 2025. In practice, during a meeting of the execution layer, the Ethereum developers decided to launch…
The UK’s financial regulator, the Financial Conduct Authority (FCA), has taken a significant step towards aligning the UK with other financial centers in the field of digital assets by approving the first cryptocurrency ETPs. WisdomTree Inc, a leading asset management firm, has announced that it has received approval from the FCA to list a pair of hard-backed crypto ETPs tracking Bitcoin and Ethereum on the London Stock Exchange. These products could begin trading as early as May 28, the company stated in a press release on Wednesday. In a separate statement, Invesco Digital Markets also confirmed that it has received…
In a strategic move to enhance accessibility and streamline user experience within the rapidly expanding Web3 sports gaming landscape, Alchemy Pay has unveiled a pivotal partnership with TOPGOAL, a pioneering AI-powered sports gaming ecosystem. This collaboration aims to revolutionize the acquisition of digital assets within TOPGOAL’s innovative platform, particularly its native token $GOAL, facilitating seamless integration and effortless token purchases for users. The cornerstone of this partnership lies in the integration of Alchemy Pay’s ramp directly into TOPGOAL’s web portal. This integration empowers users with the convenience of acquiring $GOAL tokens through their preferred fiat payment methods, thus eliminating the…
The SEC approved Ethereum ETFs through delegated authority, a decision that could significantly impact the crypto market. Unlike the Bitcoin ETF approval in January, which required an SEC vote, this approval did not undergo a public voting process by commissioners. This method of approval, as noted by James Seyffart, means any commissioner, such as Crenshaw, can request a review, though it would not alter the decision. The lack of a public vote has raised questions about the political forces within the SEC. Seyffart highlights that while delegated authority is the norm for many decisions, the lack of transparency in this…
Elwood is in talks to sell part of the business, focusing more on the portfolio management and risk management services and less on the trading side, according to sources. The current reorganization of hedge fund manager Alan Howard’s portfolio of crypto investments has resulted in changes at Elwood, a source told CoinDesk. Elwood Technologies, the cryptocurrency-focused trade execution and risk management platform backed by billionaire hedge fund manager Alan Howard, is in talks to sell part of the business, according to four people with knowledge of the situation. Elwood has re-evaluated its road map and is focusing on its existing…
The Shiba Inu (SHIB) community has announced a pivotal expansion strategy, aiming to broaden the horizons of its ecosystem. The move, unveiled by Shiba Inu’s marketing lead Lucie in a recent X post, sheds light on the imminent expansion of ShibaSwap, the DeFi platform synonymous with the Shiba Inu ecosystem, to both Ethereum and Shibarium chains. ShibaSwap, a cornerstone of the Shiba Inu ecosystem, is designed to amplify the utility and functionality of the SHIB token ecosystem. Offering a spectrum of services, including staking, liquidity pools and yield farming, ShibaSwap has been instrumental in enhancing the ecosystem’s vitality. The latest…