Bitwise, an asset management firm, has recently made amendments to its S-1 registration with the United States Securities and Exchange Commission (SEC) in order to list and trade shares of a spot Ether exchange-traded fund (ETF). This move comes following statements made by SEC Chair Gary Gensler regarding the potential approval of spot Ether ETFs
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Samuel Edyme, also known by his intriguing nickname HIM-buktu, is a multi-talented individual with a diverse skill set. As a web3 content writer, journalist, and aspiring trader, Edyme has established himself as a prominent figure in the crypto space. Through his work with reputable platforms such as AMBCrypto, Blockchain.News, and Blockchain Reporter, he has showcased
The Bitcoin network is currently displaying signs of miner capitulation. This phase is characterized by miners either shutting down their operations or selling off a portion of their Bitcoin reserves. Following the recent halving, the network hash rate has decreased by 7.7% from its peak on April 27. This decline indicates that less efficient miners
DraftKings, a well-known online sportsbook operator, is currently facing legal challenges, including a lawsuit related to its NFTs. Recently, a US District Judge in Massachusetts made a ruling that denied DraftKings’ motion to dismiss a class action lawsuit concerning its NFTs. This particular decision has the potential to have widespread implications for how NFTs are
Ripple is leveraging a recent court ruling regarding Binance’s BNB token to push back against severe penalties imposed by the SEC for the sale of XRP, citing the lack of regulatory clarity in the crypto space. The company believes that the ruling on Binance’s case supports their stance that the alleged illegal sales of XRP
The price of Ethereum (ETH) is currently facing a significant downturn, with the price rapidly approaching the crucial support level of $3,051. This sharp decline has brought about increased selling pressure and a growing bearish sentiment in the market. Traders are now closely monitoring Ethereum’s behavior to determine whether it will stabilize or experience a
Crypto analyst Quinten François has recently provided a highly optimistic outlook for the future trajectory of Bitcoin. He emphasized the potential for significant growth, suggesting that Bitcoin could reach as high as $4.5 million in the coming years. François highlighted the importance of Bitcoin’s fourth halving event, indicating that this could be a pivotal moment
KuCoin, a popular cryptocurrency exchange, recently announced that it would start collecting a 7.5% value-added tax on trading fees from its Nigerian users starting from July 8. This decision was outlined in a statement released on July 3, where the firm specified that the VAT would be applied to transaction fees in each trade for
Meta’s CEO, Mark Zuckerberg, is envisioning a future where smart glasses equipped with holographic displays will revolutionize how humans communicate and interact with technology. These glasses, according to Zuckerberg, will eventually replace mobile phones as the primary device for communication and computing. In a recent interview, he highlighted the potential of these smart glasses, which
Asset managers are currently optimistic about the possibility of the Security and Exchange Commission (SEC) approving the first U.S. ETFs directly investing in Ethereum. They believe that approval could come as early as mid-July. The SEC has set a deadline of July 8 for ETF applicants to submit updated paperwork and amended S-1s, with potential