Pedro Gurrola-Perez - cyptoranking.com

2024-04-20

Popular crypto exchanges(2023 Update) 2024-04-20
Image: cyptoranking.com

Herman Narula, Improbable founder, said last year that he expected the company to be profitable in 2023. This is a step towards both personal privacy and privacy on a larger scale, IoTeX explained in a blog post. Individuals no longer need to give unencrypted data to manufacturers or cloud service providers. Organizations, on the other hand, will be able to collect insights without exposing the private information of their clients through trusted node servers. Pedro Gurrola-PerezAt the time of writing, the Quant price was $85.58, reflecting a 2.61% decrease in its market capitalization intraday. Interestingly, trading volume surged by 43.76% intraday, indicating active buyer participation, potentially pushing QNT upward. The volume-to-market-cap ratio stood at 1.43%. Source: PexelsPopular investment management firm VanEck has announced its plans to roll out its Ethereum futures exchange-traded fund (ETF).As per the official press release issued earlier today, the fund, called the VanEck Ethereum Strategy ETF (EFUT), will primarily invest in standardized, cash-settled ETH futures contracts. These contracts are traded on commodity exchanges licensed with the Commodity Futures Trading Commission (CFTC).The fund will focus on ETH futures traded specifically on the Chicago Mercantile Exchange (CME).Upon its launch, the ETF will be listed on the Chicago Board Options Exchange (CBOE) and become part of the investment manager's other futures ETF product, the VanEck Bitcoin Strategy ETF (XBTF). Like XBTF, EFUT operates under a C-Corp structure, which can potentially enhance tax efficiency for long-term investors. C-corps are legal structures for corporations in which the owners are taxed separately from the entity.The two ETFs will provide investors with futures-focused exposure to key digital assets. Spot ETH ETF Uncertainty May Heat Race for Futures ETH ETFOver the past few weeks, investment management companies have sought regulatory approval from the Securities Commission Exchange (SEC) agency for spot ETH ETFs. In June, Volatility Shares led the charge and was followed by other asset managers, including Bitwise, Grayscale, VanEck, Proshares, and Roundhill. This slew of fillings with the SEC entailed plans to launch a version of strategy centered on the world's second-largest crypto asset, ETH. However, like spot bitcoin ETF, the SEC has yet to approve applications, citing concern over market manipulation and investors' vulnerability. In light of this uncertainty surrounding spot ETH ETFs, it appears that futures ETH ETFs have a higher likelihood of receiving approval from the SEC.Futures ETFs would directly invest in futures contracts traded on the Chicago Mercantile Exchange (CME) rather than in the underlying smart contract asset. The regulatory body views futures ETFs as a commodity that can be monitored by the CME, giving investors protection against price manipulation. However, reports have suggested that the SEC may commence approval of Ether futures ETFs in early October, which has generated significant interest among asset managers eager to participate.Supporting this speculation, Bloomberg's Intelligence analyst, James Seyffart, indicated an increased probability of the SEC approving ETH futures ETF applications. Seyffart said, "Looking like the SEC is gonna let a bunch of #Ethereum futures ETFs go next week potentially."According to the analyst, there's been a spate of acknowledged ether futures ETFs filings from the SEC, which is way ahead of normalcy. This heightened activity may be attributed to an impending shutdown scheduled for 12:01 a.m. ET on October 1 if Congress fails to reach an agreement or establish a funding strategy for the new fiscal year. Such a development would impact the SEC, other financial regulators, and federal agencies. Nevertheless, greater clarity is expected in the coming days.Valkyrie Investments Receives SEC Approval for First Ethereum Futures ETF

Exchange Rankings Crypto
Image: cyptoranking.com

While security and reliability are always top priorities, forward-looking blockchain projects must take both project-specific details and evolving trends into consideration before making a final decision. Below, nine members of Cointelegraph Innovation Circle discuss factors a blockchain project should consider when choosing a consensus mechanism and why they can play a role in long-term success. There’s also a shop on the Pudgy Penguins website. Crypto.com halts withdrawals of USDC and USDT on SolanaFollowing the inscription, an anonymous individual has contacted Bitcoin Magazine claiming responsibility for the project, which aims to inscribe the tens of thousands of logs from the Afghan War published by Julian Assange’s WikiLeaks in July 2010 into the bitcoin blockchain. Related Reading: Here’s Why The Ethereum Price Fell Toward $1,500

PayPal made major progress toward creating its own blockchain ecosystem by filing a patent application for a NFT purchase and transfer system. The application, filed in March and published Sept. 21, describes a means of carrying out transactions with NFTs, both on- and off-chain.History’s Warning: Is Ethereum Set For A Huge Plunge? Here Is What This Analyst Predicts To ensure the secure management of these cryptocurrency assets, the initiative has enlisted the expertise of Fireblocks, a specialized crypto safekeeping firm. How to issue a central bank digital currency - Swiss National BankGiven that, it kind of makes sense that it will all happen, at least that approval or disapproval decision, will happen at the same time for everyone. The removal of the specified liquidity pools will not affect the trading of the relevant pairs on Binance Spot.

The NAPP did not immediately respond to Cointelegraph’s request for comment. Participants are required to like, repost, and bookmark the original post of the announcement; this automatically excludes other posts in the thread. They then have to publish a different post using #lunalog to highlight the highest ranking they have achieved. Buy Tether (USDT)|How to Buy TetherThis sizable Wintermute transfer highlights the active and dynamic nature of the cryptocurrency ecosystem, with traders and institutions making substantial moves to optimize their holdings and strategic positions. Wintermute’s decision to deposit such a substantial amount of OP tokens into Binance signals confidence in the platform and suggests a strategic move to leverage the exchange’s capabilities. Ethereum FAQs

Have an opinion on this story? Share it!