Bitcoin Trading: Learn How To Trade Bitcoin In 2023 - cyptoranking.com

2024-05-14

Popular crypto exchanges(2023 Update) 2024-05-14
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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 Let’s take a quick look at a few of the catalysts that Hayes believes will back Bitcoin’s move into six-figure territory. Bitcoin Trading: Learn How To Trade Bitcoin In 2023While SAGE Labs is seeing substantial traffic, Star Atlas has faced economic challenges this year. Back in July, it laid off 73% of its staff. At the time, Wagner told Decrypt that the layoffs were needed to adapt to the market conditions and to reduce overhead to “accommodate a long runway” for Star Atlas’ continued development.BNB Chain Airdrop Marathon Launched To Promote The Ecosystem Later in the thread, another veiled shot at critics. "It's especially galling because some competitors have internal trading desks that are an (open) secret, which specifically use confidential customer information to manipulate their own markets," Bankman-Fried wrote.

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The game’s city, nestled in the heart of Central/Southern Honshu, artfully merges the charm of both old and new drifting generations. Players will navigate through varied landscapes, from busy docklands to tranquil hill race tracks. In this continuously-evolving drift culture, players are invited to create their own legacy. Price analysis 9/8: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC Cryptocurrency exchanges explore ways to enter IndiaFTX Advisor Kumanan Protects $400M Assets Source: PexelsThe team behind the decentralized social media platform Friend.tech has responded to a series of SIM-swap attacks targeting its users by implementing a crucial security enhancement. In a recent announcement on X (formerly Twitter), Friend.tech unveiled the introduction of a Two-Factor Authentication (2FA) password feature. This move aims to provide additional protection for users whose cell carriers or email services have been compromised.Friend.tech Users Will Have an Option to Setup Additional PasswordWith the new 2FA feature, Friend.tech users will now be prompted to set up an additional password when signing in on new devices. Importantly, neither the Friend.tech team nor the Privy teams will have the capability to reset these passwords, underlining the need for users to exercise caution when using this feature.The decision to bolster security comes in the wake of a string of SIM-swap attacks that have plagued Friend.tech users since September. The attacks have raised concerns and drawn criticism from some quarters regarding the platform's initial response.Slow Mist founder Yu Xian tested the 2FA mechanism and shared his experience on Twitter. Friend.tech Users Face SIM Swap AttacksThe SIM-swap attacks have culminated in the theft of an estimated 109 Ether (ETH), valued at nearly $500,000 in just few days, with one hacker stealing nearly $400k from different Friend.tech users. To mitigate the risk of SIM-swap exploits, Friend.tech had already introduced security updates on October 4, allowing users to add or remove various login methods.Despite some criticism over the timing of the 2FA implementation, many users welcomed the added layer of security. Blockworks founder Jason Yanowitz shed light on the modus operandi of the SIM-swap attacks. Attackers send text messages requesting a number change, with users required to respond with either "YES" or "NO." If the response is "NO," the user is sent a legitimate verification code from Friend.tech and is prompted to send the code to the scammer's number. Failure to respond within two hours results in the requested change proceeding, potentially leading to account compromise.Earlier today, head of Defiant News revealed that he saw his Friend.tech wallet drained in an elaborate phishing scam.Tornado Cash Processed Over $77 Million in Past 30 Days: Arkham

— Maxy (@maxytv) September 23, 2023 Despite significant general growth in crypto product inflows, some major crypto investment products have been seeing more muted movements. The United States Ethereum futures exchange-traded funds (ETFs) — which debuted trading on Oct. 2 — attracted only around $10 million in the first week, highlighting “tepid appetite,” CoinShares reiterated. In 2020, Nigerians traded more than $400m worth of crypto ...TheOF1 Boxes cost $120 a pop and are available on the .SWOOSH website. The decentralized nature of cryptocurrencies offers a unique advantage in conflict zones – swift, small-scale fund transfers, enabling targeted support for specific needs.

For instance, hard forks can result from disagreements among the community or developers on protocol updates. Until the issue is settled, different factions might continue supporting PoW blockchains, resulting in a lack of finality. Pro-crypto candidate for the United States presidency Robert F. Kennedy, Jr., often known simply as RFK Jr., announced on Oct. 9 at a rally in Philadelphia that he was dropping his bid for nomination in the Democratic primary to run as an independent instead. “I’m here to declare myself an independent candidate,” he said. Buy ETH with credit or debit card instantlyIn contrast, the Israel-Palestine conflict presents a unique scenario with its deep-rooted historical, religious, and geopolitical challenges. Valkyrie Investments receives SEC approval to launch the first Ethereum futures ETF in the United States.Photo by Zoltan Tasi on UnsplashToday, Nashville-based asset management firm Valkyrie Investments secured approval from the U.S. Securities and Exchange Commission (SEC) to launch the first-ever exchange-traded fund (ETF) for Ethereum futures. This could mark an important milestone for digital asset investment in the United States.The SEC's decision comes as the regulatory body is slowly opening up to the crypto market. In October 2021, the SEC allowed the trading of Bitcoin ETFs priced off futures contracts. Valkyrie Investments is now part of a select group of firms that offer crypto-related ETFs, building on its existing Bitcoin Mining ETF.Rising Competition in the Ether ETF SpaceValkyrie Investments is not alone in its pursuit of establishing Ethereum futures ETFs. Eight other issuers, including VanEck, Grayscale Investments, and Bitwise, have filed applications with the SEC. These firms look to capitalize on the growing demand for Ethereum, which currently holds the title of the world's second-largest digital asset.Beyond Ethereum futures ETFs, Valkyrie Investments, along with Wall Street giants like BlackRock and Fidelity, is also exploring the possibility of introducing a spot Bitcoin ETF. A spot ETF would enable a broader array of investors to gain exposure to Bitcoin's spot price instead of its future value, which is currently only accessible to accredited investors. So far, the SEC has been hesitant to approve this type of ETF, citing regulatory concerns.Accelerated Approval Amid Government Shutdown ConcernsInterestingly, Valkyrie had initially planned to roll out its fund on October 3. However, concerns over a potential U.S. government shutdown prompted the SEC to fast-track the approval process for Ethereum futures ETFs. If Congress fails to agree on funding, the government could cease most operations, affecting nearly two million federal workers and possibly disrupting SEC activities.Valkyrie's Chief Investment Officer, Steven McClurg, expressed satisfaction with the SEC's decision in an interview with Fox Business. "We are thrilled to be the first to offer ether futures to our investors as interest in the asset has grown exponentially over the past year," he said.The firm plans to convert its existing Bitcoin futures ETF into a combined fund offering both Bitcoin and Ethereum futures, with trading set to begin today.The SEC's accelerated approval timeline also hints at the agency's attempt to maintain market stability in case of a government shutdown. Earlier this week, the SEC delayed decisions on other spot Bitcoin ETF applications, including one from Ark 21Shares, a fund owned by tech investor Cathie Wood.On the legislative front, SEC Chairman Gary Gensler urged companies planning to go public to expedite their efforts before a possible government shutdown. A shutdown would force the agency to operate with a reduced workforce, affecting its ability to oversee the markets and public offerings.The SEC's approval of Valkyrie Investments' Ethereum futures ETF represents another step toward the maturation of the crypto market in the U.S. While the SEC remains cautious, particularly concerning spot ETFs, it has shown a willingness to accommodate futures-based products. With other firms lining up to offer similar products, competition in the Ether ETF space is bound to intensify.US SEC Would Likely Let Ethereum Futures ETFs Go Live Next Week: Bloomberg Intelligence Analyst

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