A spot Bitcoin exchange-traded fund (ETF) is approaching its first month of operation, but the ETF sector is likely to shrink by the end of the year, said Steven McClurg, chief investment officer at Valkyrie Funds.McClurg predicts that of the 10 issuers currently in operation, only “about seven or eight” will remain. That’s why, he says. decryptionThis is because the costs of running a Bitcoin spot ETF may be too burdensome. This is especially true amid the ongoing battle to lower minimum fees, which could harm the profitability of struggling issuers.“If we don’t raise $100 million (of assets under management)…
Author: Crypto Flexs
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What is Monero (XMR)? Monero (XMR) is one of the leading cryptocurrencies focused on: seclusionZero-knowledge, censorship-resistant transactions. that much monero network works in Proof of Work (PoW) Consensus mechanisms like Bitcoin and various other cryptocurrencies. This system incentivizes miners to contribute blocks to the blockchain. Monero’s PoW algorithm is designed to resist specialized mining equipment known as application-specific integrated circuits. (ASIC). These ASICs offer significant advantages to corporations and wealthy individuals and could potentially lead to centralization of the network. In 2018, Monero became the first major cryptocurrency to deploy “bulletproofing,” a technology that significantly improved the efficiency of XMR…
join us telegram A channel to stay up to date on breaking news coverage Suspicions are heightened as Bitcoin rallies earlier than expected. This trend is causing mixed feelings, with many suspecting it is a bull trap. Nonetheless, the rise in cryptocurrency prices is not limited to the BTC chain. Avalanche also recorded price gains as several tokens in the ecosystem recorded impressive performance. GAU token, LOONG, AvaxTech and other new cryptocurrency projects are ranked as popular cryptocurrency tokens on Avalanche Chain. Avalanche Chain’s Cryptocurrency Token Trends The update below provides investors and traders with details on the performance of…
The mobile strategy game altcoin, backed by leading global cryptocurrency exchange Binance, is soaring after launching an airdrop campaign earlier this week, followed by several major listings on major cryptocurrency exchanges. MAVIA, the basic token of the Heroes of Mavia web3 game, is listed Earlier this week on cryptocurrency exchanges ByBit, KuCoin, HTX Global and MEXC. The game utilizes non-fungible tokens (NFTs) and pits players against maintaining an army to take control of a base. According to a recent article published by the group, Heroes of Mavia’s unique Pioneer Airdrop program, scheduled to run over multiple seasons, will grow the…
join us telegram A channel to stay up to date on breaking news coverage Why are some meme coins popular on the Solana Chain today? Despite the turmoil across the Solana chain, which caused the value of most Solano-based tokens to plummet, some coins, such as Samoyed and GameStop, beat downward launches and soared high. Tuesday’s outage was Solana’s sixth most severe outage, according to Solana Labs’ network uptime portal. The last incident occurred just over a year ago when a chain of service providers running custom software overwhelmed the chain with data. This has led developers to ask whether…
CoinMarketCap Research examines innovative blockchain products bridging traditional and decentralized finance in new stUSDT report – Chainwire housenewsroomCoinMarketCap Research examines innovative blockchain products bridging traditional and decentralized finance in a new stUSDT report. We use cookies to make your experience on Chainwire’s website better. Cookies help us give you 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 explicitly requested by the subscriber or user or for the sole purpose of carrying out the transmission of…
Dapper Lab’s NFL All Day digital collectibles brand appears to be heading into Super Bowl weekend with some momentum.First, the web3 company’s sports-themed digital collectibles brand known as NFL All Day issued NFT promotional packs during the Professional Football League Playoffs in January. Fungible tokens featuring Tom Brady sold for more than $40,000, according to the company. A similar NFT featuring quarterback Aaron Rodgers also brought in $34,000, Dapper Labs also said.NFL All Day – a digital collectible of video highlights that people can trade on an open market – has never been as successful as NBA Top Shot, Dapper…
The largest cryptocurrency by market capitalization soared to $47,699, the highest since the launch of the Bitcoin ETF, before falling to $46,700 due to rapid selling. Soon after, the price quickly rebounded to just over $47,000. At press time, BTC had risen 4.5% over the past 24 hours, outperforming the CoinDesk 20 Index (CD20), the largest cryptocurrency index, by 3.8%.
WildCoins is an online casino created in 2021 that only uses cryptocurrencies like Bitcoin and Ethereum. Players can deposit, play games, and withdraw winnings using digital coins. The site has over 3,500 games to pick from which is a lot more than most crypto casinos. In this review, we will discuss the features, bonuses, support, payments and other important details about WildCoins. We aim to provide an easy to understand overview to help you decide if this casino may be a good option for your crypto gambling requirements Visit WildCoins Quick Verdict: With 2500+ quality crypto games, a generous 3.5…
The European Commission is seeking feedback on proposed guidelines to combat AI-generated misinformation in the upcoming European elections in May. The initiative seeks to address the potential threat posed by generative AI and deepfakes to democratic processes.Technology platform regulationUnder the proposed guidelines, major tech platforms like TikTok, X, and Facebook would be required to implement measures to detect and mitigate AI-generated content to protect the integrity of the election process.The draft guidance outlines specific measures to mitigate election-related risks associated with generated AI content. This includes proactive risk planning before and after election events and providing clear guidance to users…