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cryptocurrency

cryptocurrency May 21, 2024

Reuters has reported that the US Securities and Exchange Commission (SEC) has requested Nasdaq and Cboe to revise their spot Ethereum exchange-traded fund (ETF) proposals. Advertisements This request signifies an important step in the regulatory review process for these financial products. SEC’s Request for “Fine-Tuning” in Ethereum ETF Application According to Reuters, sources familiar with […]

cryptocurrency May 21, 2024

Fidelity Investments has revised its upcoming spot, Ethereum exchange-traded fund (ETF), notably removing the staking feature. Advertisements This modification, detailed in the latest S-1 filing with the US Securities and Exchange Commission (SEC), reflects a strategic shift in response to regulatory uncertainties. Why Fidelity Removed Staking Facility? The filing states that the Trust will neither […]

cryptocurrency May 21, 2024

ETH now trades at a two-month high. The number of short positions liquidated on 20th May represented the coin’s single-day highest since the beginning of the year.  Ethereum [ETH] has rallied to a two-month high after Bloomberg analysts increased the odds of the Ethereum Exchange Traded Fund’s (ETF) successful launch.  Advertisements In a post on […]

cryptocurrency May 21, 2024

Analysts have increased their odds of spot Ethereum exchange-traded fund (ETF) approval. This shift in sentiment comes amid renewed optimism about regulatory approval from the US Securities and Exchange Commission (SEC). Advertisements The move signals a potential breakthrough in the prolonged quest for a spot Ethereum ETF. Renewed Optimism for Spot Ethereum ETF Approval Eric […]

cryptocurrency May 21, 2024

Ethereum price rallied over 20% amid rise in hopes of ETH ETF. ETH broke many hurdles and even broke the $3,500 resistance zone. Advertisements Ethereum started a fresh surge and cleared the $3,500 resistance zone. The price is trading above $3,600 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming with […]

cryptocurrency May 20, 2024

Prometheum, a New York-based digital asset firm, has launched the first SEC-compliant Ethereum (ETH) custody service, marking a new milestone for regulatory compliance in the industry. Advertisements This service treats ETH as a security in line with U.S. Securities and Exchange Commission (SEC) regulations. Prometheum Pioneers Regulated Ethereum Custody Service Prometheum, known for its controversial […]

cryptocurrency May 20, 2024

Vitalik Buterin, Ethereum’s co-founder, recently addressed key decentralization challenges facing the Ethereum network in a detailed blog post. Advertisements Buterin’s insights focus on three critical areas: Miner Extractable Value (MEV), staking complexities, and hardware requirements for running nodes. He emphasized that while concerns about Ethereum’s design are “widely shared,” these issues might be easier to […]

cryptocurrency May 20, 2024

SOL and ETH saw social media buzz recently. The SOL and ETH prices have crossed into new price zones this week. Social media platforms were buzzing with discussions about Ethereum [ETH] and Solana [SOL] recently, fueled by notable price movements as they entered new price zones. Advertisements There has been a significant change in their […]

cryptocurrency May 20, 2024

A massive crypto whale recently offloaded $46 million worth of Ethereum (ETH) amid a critical period for the crypto market. Advertisements This transaction has stirred considerable attention as the market anticipates the US Securities and Exchange Commission’s (SEC) decision on the spot Ethereum exchange-traded funds (ETFs). Crypto Whales Cash Out on Ethereum According to the […]

cryptocurrency May 20, 2024

Ethereum price started a downside correction from the $3,150 zone. ETH is holding gains and might start another increase from the $3,000 support. Advertisements Ethereum started a downside correction after the bears defended $3,150. The price is trading above $3,000 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with […]