Discussions surrounding the U.S. Securities and Exchange Commission’s (SEC) approval of a spot Ethereum exchange-traded fund (ETF) are intensifying as the decision announcement date quickly approaches. Eric Balchunas, senior ETF analyst at Bloomberg. shared As a somewhat cautious outlook, we estimate that the ETH spot ETF has only a 25% chance of being approved. Ethereum’s Slight Chance for Spot ETF Approval Skepticism about the possibility of spot ETH ETF approval is rooted in what Balchunas perceives as deliberate non-participation by the SEC rather than mere delays, resulting in a lack of positive indicators for approval in the current environment. For…
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Ethereum price is attempting to recover beyond the $3,500 area. For ETH to continue rising in the near term, the resistance at $3,580 needs to be cleared. Ethereum began a significant recovery above the $3,350 area. The price is trading above $3,450 and the 100-hour simple moving average. On the hourly chart of ETH/USD (data feed via Kraken), a breakout occurred above a short-term bullish flag pattern with resistance at $3,480. If it settles above the $3,580 resistance zone, it could continue to rise. Ethereum price maintains support Ethereum price, like Bitcoin, began a significant uptrend above the $3,250 and…
Posted 1 minute ago In ~ Consensys responded to a request for information from the U.S. Securities and Exchange Commission. Ethereum ETH -0.76% The Proof-of-Stake consensus mechanism raises “unique concerns” about fraud and manipulation that are worth considering in relation to applications for spot Ether exchange-traded funds.The blockchain and web3 software development company behind the well-known MetaMask wallet said in a submission to regulators that these concerns were “entirely without merit,” according to Consensys’ own summary.“In fact, Ethereum’s PoS implementation meets or even exceeds the security of Bitcoin’s Proof-of-Work (PoW), which underlies the Bitcoin-based ETF that has already been approved…
Vancouver, Canada, March 27, 2024, Chainwire In an important move to foster the growth of decentralized artificial intelligence, ceτi AI is proud to announce the establishment of the ceτi AI Partnership Innovation Fund with an initial allocation of $500,000 (USD). This strategic fund is designed to foster innovation by building partnerships with emerging projects at the intersection of AI and blockchain technologies. outline ceτi AI, a leader in decentralized AI infrastructure, is launching this fund to support projects aligned with its mission to democratize access to advanced AI technologies. The fund aims to foster collaborative efforts that push the boundaries…
Several altcoins have emerged as leaders in terms of development and community engagement. Chainlink, Cardano, and Polkadot lead the way with the most significant github activity over the past 30 days, according to Santiment’s latest blockchain analysis. An indicator of non-overlapping project contributions and improvements, this metric positions these digital assets as key players in the blockchain innovation race. Chainlink, Cardano, and Polkadot stand out. Known for its decentralized oracle network that facilitates smart contracts, Chainlink has shown remarkable development efforts. Analyst Michaël van de Poppe highlighted Chainlink’s recent successful retest of support levels, suggesting a bullish trajectory for its…
A totem pole is not just a totem pole. Stay here with me. The opening line is less comical than it seems. There are apparently seven different types of totem poles, each with their own purpose. My favorite types are the mocking pillars, which are carved with the image of someone who ruined something upside down, and the heraldry pillars, which are erected to commemorate the previous owner when a house changes hands. to a new game Totem Guardian Dream Drop Slot, relaxing games We may have just added an eighth type to the list. Discover the magical totem pole…
Despite a stellar start to the month, Ethereum’s price hasn’t quite lived up to its promise by the end of the month. While this bearish pressure is widespread in the general cryptocurrency market, regulatory uncertainty has become an additional concern for ETH, sparking negative sentiment towards the “king of altcoins.” Interestingly, recent on-chain revelations show that a significant amount of Ethereum has made its way to exchanges as of March, suggesting that investors may be losing faith in the cryptocurrency’s long-term promise. Are Investors Losing Confidence in Ethereum? So far in March, net transfers of ETH to centralized exchanges have…
Cryptocurrency analyst We predicted a huge price surge for XRP., predicting that the cryptocurrency will increase by more than 600%. nevertheless historically sluggish growthXRP is starting to gain momentum and has shown potential to experience major price gains during 2019. Bull market in 2024. The price is expected to surge by more than $5 A cryptocurrency analyst identified as Egrag Crypto visited X (formerly Twitter) and predict not Exponential price surge For XRP. According to Egrag, Crypto XRP is “guaranteed” to increase 600% to 1000% to a new all-time high of around $5.5. based on his prediction XRP historical data…
Chain abstraction could drive the next transition in the cryptocurrency space and Web3 needed for mainstream adoption. Illia Polosukhin, co-founder of Near Protocol, said: In an interview with The Block at the BUIDL Asia conference in Seoul, South Korea.Chain abstraction involves application developers defragmenting Web3’s complex technical layers to improve the end-user experience. This concept abstracts blockchain from the user experience. For example, on blockchain networks like Near, users create and recover accounts using their email addresses rather than writing down complex seed phrases.“The idea is that the blockchain should be abstracted from the user so that it is not…
A British court has issued a global freeze on $7.6 million in Craig Wright’s assets, effectively blocking him from transferring funds abroad. A legal ruling earlier this month found that Wright is not Satoshi Nakamoto, the pseudonymous creator of Bitcoin, as previously claimed. Judge James Mellor presided over the lawsuit initiated by the Crypto Open Patent Alliance.Kopa). The judge concluded that Wright did not invent Bitcoin, write the original Bitcoin white paper, or develop early versions of Bitcoin software. Wright then informed Companies House in the UK about the transfer of shares from his company, RCJBR Holding, to DeMorgan, a…