Posted 1 minute ago In ~ Financial giant Fidelity has modified its spot Ether ETF application to include a cryptocurrency staking provision. “Under the Registration Statement, Sponsor may from time to time stake a portion of the Fund’s assets through one or more trusted staking providers, which may include affiliates of the Sponsor (‘Staking Providers’),” the company wrote. “In return for any staking activity in which the Fund may engage, the Fund will receive certain network rewards in Ether tokens, which may be treated as income to the Fund as compensation for services rendered,” the amendment to the March 18…
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A widely respected cryptocurrency analyst is predicting a massive rally for Ethereum (ETH) rivals, updating his predictions for Cardano (ADA) and Polygon (MATIC). Cryptocurrency strategist Ali Martinez says 53,500 followers on social media platform In late February, Martinez correctly predicted that FTM would surge to around $0.87. FTM is trading at $0.873 at the time of writing, up 4.5% on the day. On February 28, FTM was trading at $0.464. Moving to Cardano (Martinez), another competitor to Ethereum Called If it continues on a trajectory that reflects the same pattern seen between 2018 and 2021, it could eventually surge to…
On March 14, 2024, El Salvador’s President-elect Nayib Bukele unveiled a historically bold maneuver that reverberated throughout the Bitcoin world. El Salvador has confirmed that it has moved a significant portion of its Bitcoin holdings into cold storage., will be stored safely within a vault at the border. This strategic decision marks a pivotal turning point in El Salvador’s Bitcoin journey following the introduction of Bitcoin law and has drawn both praise and skepticism globally.Amid criticism ranging from claims of human rights abuses to inadequate modern infrastructure, El Salvador has taken a committed stance, weathering a storm of criticism from…
Bitget Implements Zero Fees for BTC and ETH Spot Trading to Celebrate Cryptocurrency Milestone – Chainwire housenewsroomBitget implements zero fees for BTC and ETH spot trading to celebrate cryptocurrency milestone. We use cookies to make your experience on Chainwire’s website better. Cookies help us provide you with a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service expressly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over…
Fidelity Investments has modified its Ethereum (ETH) spot exchange-traded fund (ETF) application to include staking features, according to regulators.The amendment was filed with the US SEC on March 18 and has generated considerable interest in the industry, but has mixed feelings from market analysts and observers. This introduces the possibility of ETFs engaging in staking activities, a key aspect of Ethereum’s functionality following the switch to a Proof-of-Stake (PoS) model.The amendment comes just days after US politicians sent a letter to the SEC to block further cryptocurrency-related ETFs due to concerns about the risks they pose to individual investors.ETFs that…
Bitgert, a controversial blockchain initiative, gained media attention during the FTX crisis due to its bold claims about a fast and cost-free blockchain. Bitgert is a crypto engineering company that has created a variety of blockchain-based solutions for metaverse, NFTs, and decentralized finance. The group says its mission is to use blockchain technology to solve problems and innovate to improve the lives of those who use it. However, compared to cryptocurrency giants like Bitcoin ($1.37 trillion), Bitgert is still a small initiative with a market capitalization of $149 million. And talking about the future of Bigert, based on the analysis…
Ethereum price continued its downward trend below $3,500. ETH is showing some signs of weakness and could fall towards the $3,200 support area. Ethereum began a downward correction below the $3,550 area. The price is trading below $3,550 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a major bearish trendline forming at resistance $3,520. A stay below the $3,520 and $3,550 resistance levels could resume the decline. Ethereum price discount support Ethereum price, like Bitcoin, began a downward correction below the $3,720 and $3,650 levels. ETH fell below the $3,550 support level…
Global cryptocurrency exchange Binance has asked prime brokers, including FalconX and Hidden Road, to strengthen their customer screening process to prevent U.S. investors from participating in the exchange, Bloomberg reported on the matter. It was reported Tuesday, citing an informed source.Because prime brokers primarily serve institutional investors, the scope of information requested by their clients includes the geographic location of their offices, founders, and employees. report. We also require customers to verify their information to ensure its accuracy.Cryptocurrency exchanges have been demanding additional information from prime brokers for their customers since Binance pleaded guilty to U.S. charges in November, the…
Both GALA and BONE recorded price declines after peak gains. Indicators and market indicators looked bearish for both tokens. Cryptocurrency markets have become more volatile over the past few days. festival And there is also Book of Memes (BOME) that utilizes this. In fact, both were among the market’s biggest gainers on March 17th. However, it wasn’t long before these two tokens were reacting very differently on the charts. GALA and BOME are at the top GALA and BOME were among the most profitable cryptocurrencies in terms of price on March 17, according to a recent tweet from CryptoDep, an…
Binance CEO Richard Teng expects the Bitcoin price to exceed the initially expected $80,000 this year. He expects significant flows to continue to flow into U.S. spot Bitcoin exchange-traded funds (ETFs) as endowments and family offices increase Bitcoin exposure in their investment portfolios. Binance CEO Teng’s Bitcoin Price Prediction Binance CEO Richard Teng shared (…)