From May 5 to May 20, 2024, several significant regulatory actions and legal developments affecting the cryptocurrency industry have unfolded globally. These updates range from the passage of a Congressional Review Act resolution to indictments filed by the U.S. Department of Justice. Congressional Review Act Resolution According to a16z crypto, the House and Senate passed a bipartisan Congressional Review Act resolution to revoke the Securities and Exchange Commission’s (SEC) Employee Accounting Disclosure (SAB) 121. SAB 121 would require companies that secure consumer cryptocurrencies to show their funds as liabilities on their balance sheets. For a…
Author: Crypto Flexs
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Bloomberg ETF analyst James Seyffart believes spot Ethereum ETFs could capture 20-25% of the demand experienced by spot Bitcoin ETFs.Seyffart made his statement in an interview hosted by Bitwise, while fellow Bloomberg ETF analyst Eric Balchunas added that he believes the new fund will account for 15-20% of demand.Seyffart compared both estimates to the fact that ETH accounts for about 30% of Bitcoin’s $1.4 trillion market cap, calling his estimate a “discount.”He attributed the differences to the specific limitations of each product. The ETH ETF issuer does not participate in staking. This means that, unlike ETH holders, ETF investors do…
The value of SHIB has fallen nearly 10% in the last 24 hours. Due to significant bearish impact, the meme asset may witness further declines. Leading memecoin Shiba Inu (SHIB) failed to register a rally following ETF approval, with its price falling nearly 10% in the last 24 hours. According to CoinMarketCapAt press time, the meme asset was trading at $0.000023. SHIB, losses likely to increase further Assessing SHIB’s price action on the 3-day chart, we found that it broke out of a symmetrical triangle in an uptrend on May 18. However, the price of the coin peaked at $0.000026…
Standard Chartered executives said that similar to Ethereum, other altcoins that have previously been subject to SEC investigation, such as the XRP incident, may also be exempt from ‘secured’ status. With the U.S. SEC approving a spot Ethereum ETF on Thursday, May 23, market analysts are starting to talk about similar investment products for other altcoins. Standard Chartered Bank analyst Geoffrey Kendrick believes the next chapter for cryptocurrency ETFs will unfold next year in 2025. Kendrick leads digital asset research at Standard Chartered Bank. He said this in an interview with The Block publication on Friday. “For other coins (e.g.…
Special Offer • May 24, 2024 3:12 PM EDT Posted 1 minute ago In ~ Bitcoin mining company Marathon Digital Holdings is working with Kenya’s Ministry of Energy and Petroleum (MOEP) on several renewable energy projects.As part of the agreement, Marathon Digital and MOEP will roll out a series of Bitcoin-based renewable energy projects in Kenya. To facilitate this work, the two groups will establish a committee to manage the development and implementation of energy-related projects across Africa, according to a joint statement.“This agreement with the Ministry of Energy and Petroleum is a great opportunity for our business as it…
Hassam-Moussa Rawat is a dynamic entrepreneur with a rich history of building successful businesses across a variety of industries. As co-founder and CEO of Lingo, he is on a mission to bring the next billion users to Web3. Hassam-Moussa, who started her career selling MP3 CDs at the age of 10, has since founded Mauritius’ first digital agency, launched a Subway franchise in the country, and currently leads Lingo, a groundbreaking initiative in the blockchain space. His visionary approach combines real-world assets and blockchain technology to create user-friendly and rewarding experiences, aiming to transform the landscape of social finance and…
Hodl Hodl, a non-custodial Bitcoin exchange, has announced changes to its “Terms of Service” agreement that affects the availability of its lending services. The platform is now excluding US residents and UN embargoed countries from its lending platform, citing “regulatory uncertainty” as the reason for the change. Hodl Hodl, excluding USA (…)
The Ethereum Foundation will implement a formal conflict of interest policy following community backlash over a researcher’s ties to EigenLayer, highlighting the need for transparency and accountability in the Ethereum ecosystem. The post Ethereum Foundation Implementing Conflict of Interest Policy Amid EigenLayer Controversy appeared first on Crypto Briefing.
Highlights from Cronos (CRO) Accelerator Demo Day As the third cohort of the Cronos accelerator concludes, the $100 million-funded program has showcased some of the most promising early-stage crypto projects built on the Cronos platform. According to a post on the Cronos blog, these projects were provided with networking, mentoring and funding opportunities. The third cohort saw a 57% increase in applicants compared to the previous cohort. From the applicants, Cronos Labs shortlisted seven ambitious projects, five of which were presented at a recent Demo Day. These include LILLIUS, Innerworks, Securd, Reax, and Newwit. Pay…
I thought it was time to give an update from my side for those who want to know how we are doing on the Dutch side. My name is Jeff, the founder of Ethereum and one of the three directors of Ethereum (along with Vitalik and Gavin). ÐΞVA development entity that builds Ethereum and all related technologies. For the past few months I have been looking for a suitable office space to host my Amsterdam hub. Unfortunately, it requires more work than initially anticipated and so far we have nothing to show for it. I passed this work on to…