In bankrupt Lebanon, locals mine bitcoin and buy groceries with tether, as $1 is now worth 15 cents - cyptoranking.com

2024-05-14

Popular crypto exchanges(2023 Update) 2024-05-14
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Grayscale Investments files with the SEC to convert its $4.96 billion Ethereum Trust into a spot Ethereum ETF / Photo by DrawKit Illustrations on UnsplashToday, Grayscale Investments, a leading digital asset fund manager, submitted a filing to the U.S. Securities and Exchange Commission (SEC), to convert its Ethereum Trust into a spot Ethereum ETF. The move comes as other financial companies like Vaneck, Bitwise, and Proshares launch Ethereum Futures ETFs.A Calculated Move for Grayscale's Ethereum TrustGrayscale has formally lodged a Form 19b-4 with the SEC, looking to turn its Ethereum Trust into a physically-backed ETF on the NYSE Arca exchange. "As we file to convert ETHE to an ETF, the natural next step in the product's evolution, we recognize this as an important moment to bring Ethereum even further into the U.S. regulatory perimeter," Grayscale CEO Michael Sonnenshein told Globe Newswire.The Grayscale Ethereum Trust, established in March 2019, currently manages assets worth nearly $5 billion.The timing of Grayscale's Form 19b-4 filing is important, coinciding with the launch of Ethereum Futures ETFs from other financial players like Vaneck, Proshares, and Bitwise. While these companies have moved forward with futures-based offerings, Grayscale seeks to create a spot Ethereum ETF, differentiating its approach from competitors.Grayscale is not only focused on its spot Ethereum ETF but also has plans to convert its Bitcoin Trust into a spot ETF. It is facing legal complications with the SEC over the approval of this conversion, however. Future Plans: More Than Just a Spot Ethereum ETFIn addition to its efforts to establish a spot Ethereum ETF, Grayscale also has plans to launch an Ethereum Futures ETF based on cash-settled CME futures contracts, pending regulatory approval.David LaValle, Grayscale’s global head of ETFs, noted that the filing was "another important milestone as Grayscale continues to build its best-in-class ETF team, product suite, and capabilities—serving investors as a globally respected asset manager with unmatched crypto expertise."In short, Grayscale's move to convert its Ethereum Trust into a spot Ethereum ETF comes at a time when the market is seeing a surge in Ethereum Futures ETFs. While other firms are focusing on futures-based products, Grayscale's pursuit of a physically-backed offering could set it apart. The company's ongoing regulatory challenges and planned expansions indicate that Grayscale is working on multiple fronts to solidify its position in the ETF market.Ethereum Co-Founder Vitalik Buterin Explores Ethereum Staking Changes – What's Going On? Coinbase Receives Cease and Desist Notices from 11 US States In bankrupt Lebanon, locals mine bitcoin and buy groceries with tether, as $1 is now worth 15 centsBankman-Fried’s attorneys argue that the prosecution has already established that FTX lawyers were present and involved in structuring and executing the loans and intend to carry out their own line of questioning over the scope of FTX counsel involvement. To achieve this goal, Morpho Blue adopts a strategy of isolating markets through individual asset vaults, which operate autonomously without the need for manual intervention by the DAO to adjust risk parameters. This approach empowers lenders to provide capital to borrowers at higher levels while still maintaining lower overall risk compared to multi-asset pools since they only have to worry about the risk of one asset. As for pesky gas fees, Morpho Blue's aspired simplicity reduces gas consumption by 60% compared to alternative lending protocol, the project claims in marketing materials.

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Web3 Foundation was established in Switzerland by the co-founder and former chief technology officer of Ethereum, Dr. Gavin Wood, where it has continued to nurture applications for decentralized web software protocols. The Netherlands has demonstrated that it is possible to strike a balance between embracing cryptocurrency and maintaining robust regulatory oversight. The Dutch regulatory body, De Nederlandsche Bank (DNB), has played a crucial role in fostering this environment. It has actively engaged with the crypto industry, seeking input and feedback from stakeholders to create a regulatory framework that meets the needs of both businesses and consumers.Old money doesn’t ruin the cypherpunk dream How to Buy Bitcoin in Australia-Beginner's GuideDon’t miss a moment of SBF’s time in court. Stay up to date with all trial coverage from Blockworks. Magazine: Opinion: GOP crypto maxis almost as bad as Dems’ ‘anti-crypto army’Defending the Indefensible? Sam Bankman-Fried’s Lawyers Deserve Better

Related: Israeli authorities seize crypto from terror organizations, credit new technologyRipple CFO Kristina Campbell exits company This rise in popularity caused a big fee spike on the bitcoin blockchain, leading some users to complain about the perceived “uselessness” of adding arbitrary data to what should arguably be a monetary network. Since bitcoin is ruled by rules, not rulers, and Ordinals transactions abide by the protocol’s rules, the activity was able to continue and thrive for months, leading to a plethora of applications and new developments being built on the original cryptocurrency. Cryptocurrency Market Analysis: Realities and ProspectsBinance, the world's largest cryptocurrency exchange, announced in a statement that it will launch futures transactions for the altcoin called STRAX. South Korea’s cryptocurrency market has bounced back during the first half of this year but is still almost 50% below its value at the end of 2021, according to the Korea Financial Intelligence Unit (KOFIU), a government agency that oversees the nation’s anti-money laundering regime.

“Right now, dYdX is hybrid-decentralized,” he says. “It is fully non-custodial. It is fully transparent with what happens on-chain. But the main thing that’s not decentralized right now is the order book and matching engine.” Sui Chung: There are some practicalities here. Whatever the SEC decides, approval or disapproval, they need to produce an order, which is like a 200-page essay on all the various merits of the rule change being proposed, the instrument, what precedents they're using to judge this, how they interpret the Securities and Exchange Act 1933, if they don't like it, why they don't like, et cetera, et cetera. So someone's got to write that essay. And if you recall, the chunk of that time was over the summer. Just practically speaking, no one is going to write a 200-page essay in August, anywhere in the world, no matter what job they've got, whether they work for the SEC or whether they work for Goldman Sachs or whether they work for Coca-Cola. That's just not happening. 11 Examples of Decentralized Applications (DApps)While manual burn purposely removes tokens from circulation by sending them to a burn address, the automatic burn mechanism is intricately linked to the network’s transactions. Also known as implicit burn, in an automatic burn, for every SHIB transaction, a percentage of the transaction fee’s base gas fee is used to burn SHIB tokens. With every transaction, the total SHIB supply gradually dwindles, creating an intrinsic burn rate that endures as long as activity persists on the network. Dogecoin History: Original Intention

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