Fidelity Spot Ethereum ETF Now Acknowledged By The SEC

The US Securities and Exchange Commission (SEC) has officially tinanggap Fidelitys application to list a Fidelity spot Ethereum ETF, according to a recent SEC filing.  Fidelity Spot Ethereum ETF Proposed to SEC for Tracking Fidelity Ethereum Index  The filing, submitted by Cboe BZX Exchange, outlines the proposal to list and trade shares of the Fidelity spot Ethereum ETF, structured as a commodity-based trust holding Ether. This trust aims to mirror the performance of the Fidelity Ethereum Index, factoring in expenses and liabilities.  Notably, BlackRock has entered the Ethereum ETF arena by registering a spot ETF for ETH in Delaware under the name “iShares Ethereum Trust.” This move signals BlackRocks expansion beyond Bitcoin, reinforcing its commitment to explore opportunities in the Ethereum market.  Fidelity Digital Assets Services is set to act as the regulated custodian for the ETH holdings within the proposed trust. The filing emphasizes the significant size of the CME Ether futures market, asserting its suitability for surveillance-sharing to meet SEC listing standards and prevent fraud and manipulation.  Its worth noting that the SEC currently has several Ethereum ETF applications under review, including submissions from major financial players such as ARK Invest, VanEck, Hashdex, Invesco, and Galaxy Digital Holdings.  While the SEC has yet to

2023-12-01Ethereum

Massive Changes For Ethereum Coming

In an unexpected announcement at Devconnect in Turkey, Ethereums co-founder, Vitalik Buterin, revealed a visionary proposal that could make drastic changes to the Ethereum network. The proposed redesign, if implemented, could revolutionize the overall experience of users and developers within the Ethereum ecosystem.  Enhanced Ethereum Staking  The main goal of Buterin is to make strategic improvements to Ethereum staking, aiming to make the network more secure and scalable.  And in turn, this will position Ethereum as a more affordable and user-friendly platform.  Private Mempools  Another standout feature in Buterins proposal is the integration of private mempools.  This innovative addition elevates user privacy and security by enabling transactions without exposing them to the public mempool.  This protects users from exploitation by miners, providing control over the visibility of their transaction history.  The Importance of ERC-4337  The introduction of ERC-4337 marks a significant stride in account abstraction.  This protocol gives users more control over their accounts and helps with the implementation of multi-signature wallets. Simultaneously, it improves overall security, which benefits the whole Ethereum ecosystem.  Code Precompilation – Streamlining Smart Contracts  Buterins proposal also includes the integration of code precompilation, which aims to help with the deployment of smart contracts.  By preprocessing specific elements of the code, this innovation could potentially increase the efficiency of

2023-12-01Ethereum

Itinanggi ng Circle ang sinasabing relasyon kina Justin Sun at Hamas sa liham sa mga mambabatas

Balita ng Ethereum ng Bitcoin  Circle, in a public letter addressed to Senator Elizabeth Warren, D-Mass., and Chairman Sherrod Brown, D-OH, on Thursday to push back against claims that it banked Justin Sun and, separately, had financed Hamas.  The letter — penned by Circles Chief Strategy Officer Dante Disparte — was written in response to a Nov. 9 letter from the Campaign for Accountability which claimed that Circle does not prevent illicit finance activities.  The letter from the Campaign for Accountability executive director Michelle Kuppersmith claimed that there were ties from Circle to Sun, based on “recently published studies and reports of law enforcement operations.”  Circle, in its Nov. 30 letter, said, “neither Mr. Sun nor any entity owned or controlled by Mr. Sun, including the TRON Foundation or Huobi Global, currently have accounts with Circle.”  Magbasa nang higit pa: Ang Heco chain bridge ni Huobi ay naubos ng $87M sa mga crypto asset  “To date, the US government has not specifically designated Mr. Sun or his entities as Specially Designated Nationals. Nonetheless, Circle terminated all accounts held by Mr. Sun and his affiliated companies in February 2023,” the letter continued.  In March, the US Securities and Exchange Commission sued Sun for allegedly selling securities.  “As alleged in

2023-12-01Industriya

Pagsusuri ng Presyo ng DOGE, SHIB at PEPE

PAs the largest cryptocurrency, Bitcoin, shows $38,000 breakout attempts, the market sentiment has witnessed an uptick in buying pressure. As a result, the SHIB price rebounded from $0.00000772 on November 22nd with a reversal candle pattern called bullish piercing.  The buyers have reclaimed 6.34% in the last eight days to push the SHIB price to the $0.00000817 mark. With the current momentum, Shiba Inu is likely to rise 6% to face intense supply pressure at the overhead trendline.  Historical data has shown a retest to this level has often resulted in increasing bearish momentum and a sharp correction. Thus, a breakout above this level is needed to get a suitable sign of trend reversal and potentially reach $0.000010, a 22% hike.  PEPE coin (PEPE)  Pinagmulan- TradingView  Defying the broader market uptick, the Pepe coin price showed a notable downturn this week, falling from a high of $0.0000011796 to the current trading price of $0.00000106, registering a 9.66% fall. The surge in selling pressure came after the recent retest of the rising wedge breakdown on November 26th.  Nevertheless, the buyers are likely to hold the weekly support of $0.0000010508, providing a bounce pad for this coin. The post-breakdown fall could cause the price to tumble down to

2023-12-01Industriya

Nagbabala ang US sa mga Crypto Firm: Sumuko sa Illicit Finance o Lumabas sa US Market

Balita ng Ethereum ng Bitcoin  The U.S. government has issued a stern warning to cryptocurrency companies, stating that they could face a ban from the U.S. market.   New legislation from Congress has been requested to grant the Treasury the authority to police crypto marketplaces.  Binance was described as a tool “used by the perpetrators of child sexual abuse, illegal narcotics trafficking, and terrorism.”  The U.S. government claimed that they would ban cryptocurrency companies from the U.S. economy and market if they failed to report and block illicit money flows.  Deputy Treasury Secretary Wally Adeyemo stated that crypto companies need to increase their efforts to curtail the flow of illicit finance. Moreover, Adeyemo added that the lack of action across the crypto sector could potentially present a risk to the U.S.  Adeyemo stated his opinion at an event hosted by the Blockchain Association, where he shared that the U.S. governments actions over the last year “send a clear message.” Adeyemo said, “We will not hesitate to bring to bear tools across government to protect our national security.”  Additionally, the deputy Treasury Secretary mentioned that the Biden administration requested new legislation in a letter to Congress. The proposed legislation would grant the Treasury authority to police crypto marketplaces,

2023-12-01Industriya

Binance Launches Tripartite Banking Deal for Risk Mitigation

Binance launches tripartite banking, marking a significant milestone in the crypto industry.  Addressing a paramount concern for institutional investors, the tripartite agreement directly confronts the issue of counterparty risk. By replicating a framework commonly found in traditional financial markets, this solution empowers investors to allocate crypto assets in accordance with their risk tolerance levels. The collateral held with third-party banking partners can take the form of fiat currency equivalents, including assets like Treasury bills.  Notably, these traditional assets provide the added benefit of yielding returns, further enhancing the appeal of the tripartite arrangement. This milestone represents the inaugural project in a series of pilot initiatives launched by Binance, underscoring the platform‘s commitment to innovation and risk management within the cryptocurrency space. The move aligns with Binance’s ongoing efforts to bridge the gap between traditional finance and the rapidly evolving world of digital assets.  As institutional investors seek reliable avenues to navigate the complexities of the crypto market, Binances tripartite agreement emerges as a transformative solution, promising enhanced security and risk mitigation in an ever-changing landscape.

2023-12-01Industriya

Maaaring malutas ng DeFi ang mga problema sa foreign exchange ng Africa, sabi ng neobank CEO

Forex liquidity and currency swaps are hard to access for many in Africa, which limits the use of United States dollar-based services in the continents import-dependent economies. This creates a vacuum that decentralized finance (DeFi) could solve, leveraging cryptocurrencies, blockchain networks and services, according to the CEO of Canza Finance, Pascal Ntsama IV.  Speaking with Cointelegraph, the CEO and co-founder of Canza Finance — a neobank enabling decentralized cross-border payments for Africans — said that Canzas new DeFi technology, Baki, aims to address this challenge by providing decentralized foreign exchange (FX) for African currencies, enabling slippage-free swaps at central bank rates. It also seeks to create a hub for businesses to participate in intra-African and FX trades at a reduced cost.  When exchanging local African fiat currencies, funds exit Africa, causing inflation in the dollar value and increased costs due to currency slippages. Baki addresses this by enabling traders to swap currencies without loss, trading at official central bank prices.  DeFi in Africa is projected to show an annual growth rate of 21.99% and reach over half a million users by 2027. However, industry experts have argued for revisions to these projections as grassroots penetration of blockchain products continues to record new highs.  In

2023-12-01Industriya

Nagbayad si Polygon ng milyun-milyong kumpanya sa pagtaya upang maging isang masamang validator

Polygon Labs has reportedly been paying a publicly-traded sports betting firm millions in crypto to run one of its now-defunct network validators.  This is despite convincing the rest of the community that the company was just another validator.  As reported by CoinDesk, DraftKings was announced as a Polygon validator in early 2022 in what the crypto company called “an important milestone.” However, Polygon failed to make public the special arrangement that would see it pay DraftKings millions of MATIC tokens over the next 20 months.  According to CoinDesks extensive research, the sports betting firm received a lump sum of millions of MATIC tokens at the very beginning of the partnership in late 2021 followed by millions more through a special staking relationship.  Though it‘s not uncommon for high-profile firms to be paid by blockchain companies to work with them, this particular offer wasn’t offered to the vast majority of Polygons validators. In other words, DraftKings was far from the “equal community member” Polygon claimed.  DraftKings wasnt giving value for MATIC  At the beginning of the relationship, Polygon reportedly set aside 10 million MATIC for DraftKings but handed over 60 million in total to the validator.  This allowed DraftKings to take more than 3 million tokens out of

2023-12-01Industriya

Sinabi ng Bloomberg Analyst na Lining Up ang SEC Upang Potensyal na Aprubahan ang Lahat ng Aplikasyon ng Spot Bitcoin ETF sa Enero

A Bloomberg analyst says that the U.S. Securities and Exchange Commission (SEC) is gearing up to approve all bids for a spot market Bitcoin (BTC) exchange-traded fund (ETF).  In a lengthy thread on the social media platform X, James Seyffart sabi ni that the SEC making earlier-than-expected rulings on Franklins bids for a BTC ETF means the regulatory agency could be setting the stage to approve the others in January.  However, the SEC didn‘t end up ruling early on Hashdex’s bid. Instead, the regulatory body pushed it back to a specific date, prompting Seyffart to maniwala that the SEC is aiming to approve all BTC ETF applications at the same time.  Pinagmulan: James Seyffart/X  However, Seyffart says the process may not go smoothly as there could be some hang-ups with the filing process or the SEC may end up pagtangging sumampalataya the bids.

2023-12-01Industriya

29 Thousand Bitcoin at 230 Thousand Ethereum Options ay Mag-e-expire Bukas! Ano ang Kahulugan Nito para sa BTC at ETH?

While Bitcoin, the leading cryptocurrency, could not hold on to the level of $ 38,000 and fell back to $ 37,700, all eyes turned to Bitcoin and Ethereum options that will expire tomorrow, December 1.  Ayon sa balita ng platform ng data ng crypto options na nakabase sa Singapore na Greeks.live, 29,000 BTC at 230,000 ETH na opsyon ang mag-e-expire.  Alinsunod dito, habang ang Put/Call Ratio ng mga opsyon sa BTC ay 0.58, ang pinakamataas na punto ng pagkawala ay $37,000 at ang notional na halaga ay $1.13 bilyon.  Sa pagtingin sa Ethereum, ang mga opsyon sa ETH ay may Put/Call Ratio na 0.49, isang maximum loss point na $2,100, at isang notional na halaga na $470 milyon.  Volatility levels in cryptocurrencies have dropped significantly this week.  BTC reached $38,000 three times in November after last weeks monthly close, but as a result could not maintain its position.  When we look at the option data, we can see that the put/call ratio is low.  This shows that the main transactions this week are focused on buying and the Maxpain level is approaching the current market price.  As the rally becomes more and more calm, the options skew level gradually decreases.  “While bullish expectations are focused on January ETF approvals,

2023-11-30Ethereum
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