How to Make Money with Cryptocurrency - cyptoranking.com

2024-05-04

Popular crypto exchanges(2023 Update) 2024-05-04
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Source: PexelsVanEck's Ethereum Strategy Fund (EFUT) is set for listing on the Chicago Board Options Exchange (CBOE), according to an announcement on its website.The investment management firm is gearing up to launch its Ethereum-styled futures contracts on October 2, having received approval from the US Securities and Exchange Commission (SEC).According to the company, the Ether futures exchange-traded fund (ETF) is expected to be entirely standardized, cash-settled futures contracts accessible for trades on the Commodity Futures Trading Commission (CFTC) regulated commodities platform. An ETF tracks the performance of a particular index or basket of financial instruments, which is what VanEck's offering aims to do.Dubbed the Ethereum Strategy Fund (EFUT) on its website, this offering will grant investors access to futures contracts without requiring direct exposure to the digital asset itself.VanEck further clarified that the ETF will be actively managed under a C-corp structure. A C-corp structure provides a more dynamic and beneficial tax framework to long-term investors than the S-corp structure. Providing more details on how much investors will be charged in management fees, VanEck put its expense ratio at 0.66%. Meanwhile, the investment firm with over $77 billion in assets under management (AUM) has been generating buzz about the ETF on all its social media handles, especially X (formerly Twitter). It has since launched a video encouraging investors to "Enter the Ether."All Good Things Come to Ethereum Core DevelopersVanEck has also stated its intentions to make a significant donation to the core development team behind Ethereum. According to a separate statement on X, the investment firm intends to donate 10% of its profits from the Ethereum Strategy ETF to the Protocol Guild – a team of Ethereum contributors managing the network's core development. VanEck's donation would span a period of ten years.The Protocol Guild has garnered well over $13.3 million in donations. According to a Dune-based dashboard dedicated to tracking these philanthropic donations, over 4,800 donations have been made, with the average amount at $2,842. Other projects that have contributed to the Protocol Guild include Arbitrum, Uniswap, and Moloch DAO.Meanwhile, VanEck is one of many investment managers starting its Ether futures contracts trading soon. Fellow US-based Bitwise Asset Management announced it would offer two Ether futures contracts and a Bitcoin strategy fund starting October 2. Other asset managers like Invesco Galaxy Ethereum ETF have informed the SEC of their intentions to offer an Ethereum-backed Strategy ETF. UBS' Tokenized Money Market Fund Goes Live on Ethereum Blockchain Before the Layer-2 cryptocurrency’s price falls to this range, JB added that MATIC’s price may undergo a retracement from this medium-term bearish trend. During this period, he predicted that the altcoin could rise to within the $0.57035 and $0.592115 range. How to Make Money with CryptocurrencyThe Reserve Bank of Zimbabwe clarified in a statement released on X (formerly Twitter) that ZiG’s value will align with that of Zimbabwe’s physically-backed coin: Decentralized finance technology has been around for a while now but still hasn’t managed to attract the mainstream crowd, investor Santiago Santos observes. “We’re a decade in and we have ten users in DeFi,” he quips.

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— Riot Platforms, Inc. (@RiotPlatforms) October 4, 2023 Yellow Duckies also serves as the canary network for Yellow Network, allowing it to test fintech innovations related to cryptocurrency exchange, clearing, trading, settlement, and compliance. This expands its utility and future potential. How do I start crypto for beginners?“They realized we were doing what they were trying to do, but we were doing it better and at a fraction of the cost. And so this was kind of this real sort of Web3 awakening for Pfizer,” White said. The customer in question reported receiving a call from an individual claiming to be a member of Binance’s compliance team. What made this incident particularly concerning was that the scammer possessed a trove of personal information about the user. This raised suspicions that the scam might be linked to the Kroll data breach, which had previously affected Binance users.

Axie Infinity has announced the launch of Lunalog. It has been defined as a store of information about everything that App.Axie wants to share with its users. For instance, it will help showcase information about the badge leaderboard, Hall of Fame, and axie part/class information. Looking back to see ahead Investing in bitcoin with PayPal: Here's what you should knowYield Protocol isn’t the only DeFi project to wind down in recent weeks. In September, Avalanche-based yield protocol GRO held a DAO vote to cease operations, and in July Algorand-based lending platform AlgoFi announced its closure in a blog post. BNB/USD

On October 8, Bitcoin registered its lowest number of new addresses in four months. Recent macro events surrounding the Middle East tensions could appear to be one driver behind this decline in new users adopting Bitcoin. Things have not gone too well for the ETH / BTC valuation after the Merge as lower highs and lower lows have been consistently set on the 1-week chart. However, Cowen also highlighted that the deflationary aspect that came along with the Merge could cause ETH to behave differently than in previous cycles, making it even harder to predict what is next. How Innovation, Volatility Are Reshaping Futures & Options TradingThe Proof of Play team includes members from several large gaming and web companies, including Epic Games, Zynga, EA, Activision and Google. How can blockchain build upon eSports?

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