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.…
Author: Crypto Flexs
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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…
The SEC approved the Ethereum ETF on May 23, 2024. Analysts predict high demand for the Solana ETF. Cryptocurrencies such as Litecoin and Dogecoin are also potential candidates. The U.S. Securities and Exchange Commission’s (SEC) recent approval of an Ethereum ETF was one of the most significant developments in the cryptocurrency industry in recent months. In the near future, Ethereum is likely to see increased liquidity as traditional finance jumps into the cryptocurrency trend. Additionally, this decision opens the way for other tokens to do the same. The next best candidate for a cryptocurrency ETF is Solana, which stands to…
The market value of Fidelity’s FBTC holdings surpassed $10 billion, surpassing Bitcoin’s $150,000. According to a Golden Finance report, the Fidelity spot Bitcoin exchange-traded fund FBTC observed daily net inflows of $19.1224 million. FBTC’s current cumulative historical net inflows are $8.67 billion. According to Dune’s latest data, the number of Bitcoins held by FBTC has surpassed $150,000. There are currently 151,797 Bitcoins, with a market value of over $10 billion for the holdings, or $10.3 billion. Fidelity currently ranks third among Bitcoin ETF holdings. Grayscale is slightly ahead with 287,701 Bitcoins and BlackRock with 275,756 Bitcoins. Additionally, Fidelity is one…
The Ethereum spot exchange-traded fund (ETF) was approved by the U.S. Securities and Exchange Commission (SEC) on May 23. Despite the long-awaited decision, the price of Ether (ETH) failed to surpass $3,800 on May 24. This was surprising considering that ETH was trading at $3,943 just two days ago. The decision, especially its timing, caught many by surprise as the market was uncertain about the likelihood of approval.Ethereum is still 24% below its all-time high.Some market participants were quick to point out that the SEC has not yet approved each issuer’s individual S-1 statements, a process that could take weeks…