Philippines SEC warns citizens against dealing with unlicensed digital asset exchanges - cyptoranking.com

2024-04-29

Popular crypto exchanges(2023 Update) 2024-04-29
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The asset management arm of Swiss banking giant UBS has launched a tokenized investment fund on Ethereum. ERC-6551 is a token standard that allows developers to improve the design of NFTs to the point where they take on the appearance of a crypto wallet. Philippines SEC warns citizens against dealing with unlicensed digital asset exchangesWhat is Ethereum? Crypto Watchlist for the week ahead:$FXS – FRAX v3 deployment has started and will be completed in the coming weeks$BNB – Binance SEC hearing is scheduled for Oct. 12 – grab your popcorn🍿$APT – ≈$23.8M worth of $APT will be unlocked on Oct. 12• $RDNT – Radiant… pic.twitter.com/lq7jIx0b4w— The DeFi Investor 🔎 (@TheDeFinvestor) October 8, 2023

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In the report, the committee — led by deputy Ricardo Silva — claimed that Binance, Zhao and others “set up an opaque network of legal entities, all controlled directly or indirectly by Zhao, without defined business purpose and with no other purpose than evading compliance with the law.” Source: AdobeInvesco and Galaxy Digital aim to introduce a spot Ethereum (ETH) exchange-traded fund (ETF) as more and more asset managers continue to explore digital asset products.In a Friday post on X (formerly Twitter), Bloomberg ETF analyst James Seyffart revealed that the two asset managers have filed for a spot Ether ETF, dubbed Invesco Galaxy Ethereum ETF. Per the firm’s S-1 registration statement, the Invesco Galaxy Ethereum ETF will “reflect the performance of the spot price of ether” by holding units of the cryptocurrency with a separate custodian, who is yet to be identified. The filing detailed that Invesco is the sponsor, while Galaxy Digital is the “execution agent,” which will sell ETH to pay the Trust’s expenses.Invesco and Galaxy join a growing list of investment managers seeking regulatory approval for a spot ETH ETF.The SEC recently extended the deadline for decisions on previous applications from ARK 21Shares and VanEck until December 25-26.The commission said that it required more time to consider the proposed rule change and the related issues.Future Ether ETFs Could Come Next WeekWhile a spot Ether ETF may take some time to materialize, futures-based Ether ETFs are expected to become available as early as next week. Investment firms have already begun preparing to add ETH futures vehicles to their portfolios. VanEck, for example, has announced its upcoming Ethereum Strategy ETF (tickered EFUT), which will be listed on the Chicago Board Options Exchange in the coming days.Valkyrie, another company in the space, plans to offer exposure to Ether futures through its existing Bitcoin Strategy ETF, now rebranded as the Valkyrie Bitcoin and Ether Strategy ETF. Bitwise also submitted an updated prospectus for their equal-weight Bitcoin and Ether futures ETF on September 28, with expectations of going live next week. Additionally, Kelly ETFs has partnered with Hashdex to deliver futures Ether ETFs in the near future.Like spot bitcoin ETF, the SEC has yet to approve applications, citing concern over market manipulation and investors' vulnerability.However, it appears that future 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. In fact, 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.At the time of writing, Ether is trading positively at around $1,600, driven by the enthusiasm surrounding the introduction of futures ETFs. VanEck Prepares to Launch Ethereum Strategy ETF in CBOE Be on the Lookout for Virtual Currency FraudHow To Trade Cryptocurrency? Zimbabwean residents and institutions can now pay or settle domestic transactions using the recently launched gold-backed digital tokens, the central bank has said. Bank governor John Mangudya said the central bank has enlisted the services of external auditors to “validate the availability and adequacy of gold to ZIG at any given time.”

Scalability Web2 uses AJAX, JavaScript, HTML5, and CSS3. Web3 uses AI, deep learning, and decentralized technologies. Explainer: What Beijing's new crackdown means for crypto in ChinaIndividuals from dissolved crypto enterprises have found roles within the traditional financial landscape as well. An example is BlockFi’s Rachel Willis has joining BNY Mellon’s digital asset division. In September 2023, Hut 8 and USBTC obtained final approval from the Supreme Court of British Columbia for the merger deal.

Magazine: The Truth Behind Cuba’s Bitcoin Revolution: An on-the-ground report Eventually, the community started suspecting Craig Wright, who often claims to be Satoshi Nakamoto, was running the account. So far, Wright has not given any clarification regarding the matter. Large USDT transfer between Tron and Ethereum results in…“Otherwise, no one will treat your stablecoin as real dollars. They’ll just think of them as play money, and then they’ll sell them for real dollars, or real stablecoins or real T-bill projects,” Kazemian said. However, it is still down 48.5% from 2021’s close, just before the start of the bear market, when the local crypto market was valued at 55.4 trillion won (US$40.9 billion).

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