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Is Ethereum a Security? Vitalik Buterin's Explanation #CryptoNews

🔵 #Ethereum's creator, Vitalik Buterin, discusses Ethereum's status as an unregistered security,deeming it illegal in the US

🔵 In March 3, 2014, #Vitalik announced Ethereum's headquarters relocation to Zug, Switzerland, to bypass US securities laws, as mentioned during a #Bitcoin conference in Texas.

🔵 Around 70% of Ethereum's supply was allocated to its founders and select investors prior to its public release through an Initial Coin Offering (#ICO), positioning Ethereum as a business venture.

🔵 Bitcoin stands as the sole #cryptocurrency recognized as a legitimate commodity by both the SEC and CFTC.
🔵#Bitcoin ($BTC) surpassed $70,000 on Tuesday, indicating a confident rally fueled by increased buying pressure.

🔵Other popular #cryptocurrencies such as #Ethereum ($ETH), #Dogecoin ($DOGE), #Ripple ($XRP), #Solana ($SOL), and #Litecoin ($LTC) also experienced gains.

🔵The overall market sentiment, measured by the fear and greed index, was at 81 out of 100, indicating 'Extreme Greed'.

🔵The global #cryptomarket cap was $2.67 trillion at the time of writing, marking a 24-hour gain of 4.98 percent.
Introducing the Titans of Crypto:

These top pioneers have ridden the digital wave to immense wealth, with a combined net worth surpassing billions.

Among the noteworthy figures are Satoshi Nakamoto, Changpeng Zhao, Brian Armstrong, Justin Sun, and Vitalik Buterin.

These individuals have emerged as prominent faces in this dynamic ecosystem.



#Cryptocurrency #Bitcoin #Binance #Coinbase #Tron #Ethereum #Coinpedia #Founders