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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.
🔵 #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.
Top #CryptoNews This Week
1️⃣ #Grayscale's #GBTCETF nets $28.195 million, while #Fidelity's #FBTC leads with $379 million inflow.
2️⃣ SEC Chair #Gensler suggests slow #ETHETF approval, criticizes #cryptoexchanges' activities as unconventional.
3️⃣ ECB cuts rates by 25 basis points, forecasts inflation increase, expects moderate easing amid strong domestic pressures.
4️⃣Bank of Canada cuts rates to 4.75%, aiming to support economic growth amid declining #inflation.
5️⃣#Bitpanda partners with Deutsche Bank for real-time #crypto payments, enhancing German user experience.
6️⃣ #Robinhood to acquire Bitstamp for $200 million, subject to regulatory approval, expanding global presence
7️⃣ #Bybit opens registration for mainland China users, causing internal panic; aims to tap into new markets
8️⃣ Chinese student sentenced to 4 years for #Memecoin fraud; issued BFF causing losses over 50,000 USDT
9️⃣#Vitalik Buterin criticizes celebrity involvement in crypto, calls for focus on public interest initiatives
1️⃣ #Grayscale's #GBTCETF nets $28.195 million, while #Fidelity's #FBTC leads with $379 million inflow.
2️⃣ SEC Chair #Gensler suggests slow #ETHETF approval, criticizes #cryptoexchanges' activities as unconventional.
3️⃣ ECB cuts rates by 25 basis points, forecasts inflation increase, expects moderate easing amid strong domestic pressures.
4️⃣Bank of Canada cuts rates to 4.75%, aiming to support economic growth amid declining #inflation.
5️⃣#Bitpanda partners with Deutsche Bank for real-time #crypto payments, enhancing German user experience.
6️⃣ #Robinhood to acquire Bitstamp for $200 million, subject to regulatory approval, expanding global presence
7️⃣ #Bybit opens registration for mainland China users, causing internal panic; aims to tap into new markets
8️⃣ Chinese student sentenced to 4 years for #Memecoin fraud; issued BFF causing losses over 50,000 USDT
9️⃣#Vitalik Buterin criticizes celebrity involvement in crypto, calls for focus on public interest initiatives
Top #CryptoNews This Week
1️⃣ U.S. #CPI May:
Annual CPI rate for May: 3.3%, lower than expected, #interest rates unchanged.(5.25% to5.5%)
2️⃣ #Biden #Cryptocurrency Donations:
Biden's team discussing cryptocurrency donations via #Coinbase Commerce to attract crypto-supporting voters.
3️⃣ Trump on #Bitcoin:
Trump advocates for U.S. Bitcoin mining, criticizes Biden's stance on cryptocurrency.
4️⃣ SEC Spot #ETH #ETF:
SEC Chair expects ETH spot ETF approval by summer's end, clarifies crypto compliance issues.
5️⃣#Vitalik suggests improving crypto use with zk proofs, decentralized networks, and privacy enhancements.
6️⃣ #Binance nance surpasses 200 million users, addresses trading incidents, and focuses on blockchain applications.
7️⃣#Bybit relocating staff to Malaysia, Dubai after opening registration for Chinese users.
8️⃣ #Tether to invest over $1 billion in emerging markets, #AI, and biotechnology.
9️⃣ #MicroStrategy plans to raise $700 million via private placement to buy more Bitcoin.
1️⃣ U.S. #CPI May:
Annual CPI rate for May: 3.3%, lower than expected, #interest rates unchanged.(5.25% to5.5%)
2️⃣ #Biden #Cryptocurrency Donations:
Biden's team discussing cryptocurrency donations via #Coinbase Commerce to attract crypto-supporting voters.
3️⃣ Trump on #Bitcoin:
Trump advocates for U.S. Bitcoin mining, criticizes Biden's stance on cryptocurrency.
4️⃣ SEC Spot #ETH #ETF:
SEC Chair expects ETH spot ETF approval by summer's end, clarifies crypto compliance issues.
5️⃣#Vitalik suggests improving crypto use with zk proofs, decentralized networks, and privacy enhancements.
6️⃣ #Binance nance surpasses 200 million users, addresses trading incidents, and focuses on blockchain applications.
7️⃣#Bybit relocating staff to Malaysia, Dubai after opening registration for Chinese users.
8️⃣ #Tether to invest over $1 billion in emerging markets, #AI, and biotechnology.
9️⃣ #MicroStrategy plans to raise $700 million via private placement to buy more Bitcoin.
Top #CryptoNews This Week
1️⃣ #Bitcoin prices fell 8% to $53,918 on Friday, marking their lowest since late Feb.
2️⃣#MtGox Trustee repaid Bitcoin and Bitcoin Cash to creditors via crypto exchanges on July 5
3️⃣ #Fed's Powell noted more progress needed before cutting rates, despite tackling inflation issues
4️⃣ U.S. Marshals Service partnered with #Coinbase Prime for custody and trading of digital assets
5️⃣ Bloomberg analyst predicted #EthereumETF might start trading around July 15 after resubmissions
6️⃣ German lawmaker criticized the government for selling $195 million in #Bitcoin, causing market volatility
7️⃣ #Circle began issuing USDC and EURC in the EU under new MiCA regulations from July 1
8️⃣ #Grayscale remained optimistic about crypto valuations recovering, predicting an Ethereum ETP in Q3
9️⃣ Sony acquired Amber Japan, renamed it S.BLOX & planned enhancements for crypto trading services
🔟 #Vitalik proposed faster transaction confirmation methods for #Ether using Single-Slot Finality
1️⃣ #Bitcoin prices fell 8% to $53,918 on Friday, marking their lowest since late Feb.
2️⃣#MtGox Trustee repaid Bitcoin and Bitcoin Cash to creditors via crypto exchanges on July 5
3️⃣ #Fed's Powell noted more progress needed before cutting rates, despite tackling inflation issues
4️⃣ U.S. Marshals Service partnered with #Coinbase Prime for custody and trading of digital assets
5️⃣ Bloomberg analyst predicted #EthereumETF might start trading around July 15 after resubmissions
6️⃣ German lawmaker criticized the government for selling $195 million in #Bitcoin, causing market volatility
7️⃣ #Circle began issuing USDC and EURC in the EU under new MiCA regulations from July 1
8️⃣ #Grayscale remained optimistic about crypto valuations recovering, predicting an Ethereum ETP in Q3
9️⃣ Sony acquired Amber Japan, renamed it S.BLOX & planned enhancements for crypto trading services
🔟 #Vitalik proposed faster transaction confirmation methods for #Ether using Single-Slot Finality
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This week, all eyes are on Jerome Powell's testimony, alongside crucial #CPI & #PPI data releases that will sway Yields & DXY.
Excitement mounts as the #Ethereum ETF gears up for trading debut on July 15th.
Anticipate a bullish outlook for #Bitcoin this week!
If SEC: “The #EthereumETF is denied”
#Vitalik:😂😂
Excitement mounts as the #Ethereum ETF gears up for trading debut on July 15th.
Anticipate a bullish outlook for #Bitcoin this week!
If SEC: “The #EthereumETF is denied”
#Vitalik:😂😂
Top #CryptoNews of This Week
1️⃣ SEC allowed spot #ETH #ETF issuers to start trading on July 23.
2️⃣ #MtGox poll shows 55% will not sell Bitcoin compensation received.
3️⃣Trump’s #Bitcoin conference expected record attendance; security tightened after assassination attempt.
4️⃣#Trump announced fourth NFT release, urged Fed to avoid rate cuts before November.
5️⃣Powell stated #Fed won’t wait for 2% inflation before cutting rates.
6️⃣#Vitalik opposes choosing political allies based solely on crypto support.
7️⃣a16z’s Marc Andreessen backed Trump, criticizing #Biden’s overregulation stance.
8️⃣#BlackRock’s Larry Fink declared Bitcoin a legitimate financial instrument.
9️⃣#Grayscale launched Decentralized AI Fund to invest in #AI and #crypto.
🔟Indian exchange #WazirX hacked; losses exceed $230 million with significant asset theft.
1️⃣ SEC allowed spot #ETH #ETF issuers to start trading on July 23.
2️⃣ #MtGox poll shows 55% will not sell Bitcoin compensation received.
3️⃣Trump’s #Bitcoin conference expected record attendance; security tightened after assassination attempt.
4️⃣#Trump announced fourth NFT release, urged Fed to avoid rate cuts before November.
5️⃣Powell stated #Fed won’t wait for 2% inflation before cutting rates.
6️⃣#Vitalik opposes choosing political allies based solely on crypto support.
7️⃣a16z’s Marc Andreessen backed Trump, criticizing #Biden’s overregulation stance.
8️⃣#BlackRock’s Larry Fink declared Bitcoin a legitimate financial instrument.
9️⃣#Grayscale launched Decentralized AI Fund to invest in #AI and #crypto.
🔟Indian exchange #WazirX hacked; losses exceed $230 million with significant asset theft.
Top #CryptoNews of This Week
1️⃣#BlackRock CEO Larry Fink asserted Bitcoin was an asset class, discussing global allocation strategies
2️⃣Aspen Digital reported 94% of Asian private wealth engaged or considered #crypto investments
3️⃣ a16z Crypto reported global crypto activity reached an all-time high, with 617M holders
4️⃣ #Vitalik published "The Surge,"outlining Ethereum’s goals for speed, decentralization, & interoperability
5️⃣ Monochrome launched Australia's first EthereumETF, IETH, on Cboe, enabling physical Ethereum trades
6️⃣ Radiant Capital suffered a cyberattack, losing over $50M due to compromised private keys
7️⃣ #Tether added 36.25 million users in Q3, setting a quarterly record with 330M total
8️⃣ World Liberty Financial’s public sale struggled, selling only 3.2% of tokens amid technical issues
9️⃣ FractureLabs sued Jump Trading for manipulating DIO token prices and causing losses
🔟 Hong Kong’s 2024 Policy Address promoted CBDC, enhanced virtual asset regulation, and tokenization
1️⃣#BlackRock CEO Larry Fink asserted Bitcoin was an asset class, discussing global allocation strategies
2️⃣Aspen Digital reported 94% of Asian private wealth engaged or considered #crypto investments
3️⃣ a16z Crypto reported global crypto activity reached an all-time high, with 617M holders
4️⃣ #Vitalik published "The Surge,"outlining Ethereum’s goals for speed, decentralization, & interoperability
5️⃣ Monochrome launched Australia's first EthereumETF, IETH, on Cboe, enabling physical Ethereum trades
6️⃣ Radiant Capital suffered a cyberattack, losing over $50M due to compromised private keys
7️⃣ #Tether added 36.25 million users in Q3, setting a quarterly record with 330M total
8️⃣ World Liberty Financial’s public sale struggled, selling only 3.2% of tokens amid technical issues
9️⃣ FractureLabs sued Jump Trading for manipulating DIO token prices and causing losses
🔟 Hong Kong’s 2024 Policy Address promoted CBDC, enhanced virtual asset regulation, and tokenization
Top #CryptoNews of This Week
1️⃣SEC Chair Gary #Gensler congratulated Bitcoin whitepaper's 16th anniversary, stressed regulation continued
2️⃣#Ripple co-founder Chris Larsen donated $10 million in XRP to support Harris’s campaign
3️⃣#Vitalik criticized Michael Saylor’s regulatory capture advocacy as nonsensical and misaligned with principles
4️⃣#BlackRock ETF’s Samara Cohen revealed 75% of Bitcoin buyers were Wall Street newcomers
5️⃣#Tether’s profits surpassed BlackRock last year, showcasing stablecoins’ rising importance in #crypto
6️⃣Stripe acquired stablecoin platform Bridge for $1.1 billion, expanding its crypto adoption efforts
7️⃣Binance CEO announced Tigran Gambaryan's release from Nigerian detention after eight months
8️⃣Kraken planned to launch its own blockchain, Ink, for DeFi services in 2024
9️⃣Argentina's CNV unveiled draft regulations for Virtual Asset Service Providers to enhance user protection
🔟Over $20 million was transferred from a U.S. government wallet to a suspicious address
1️⃣SEC Chair Gary #Gensler congratulated Bitcoin whitepaper's 16th anniversary, stressed regulation continued
2️⃣#Ripple co-founder Chris Larsen donated $10 million in XRP to support Harris’s campaign
3️⃣#Vitalik criticized Michael Saylor’s regulatory capture advocacy as nonsensical and misaligned with principles
4️⃣#BlackRock ETF’s Samara Cohen revealed 75% of Bitcoin buyers were Wall Street newcomers
5️⃣#Tether’s profits surpassed BlackRock last year, showcasing stablecoins’ rising importance in #crypto
6️⃣Stripe acquired stablecoin platform Bridge for $1.1 billion, expanding its crypto adoption efforts
7️⃣Binance CEO announced Tigran Gambaryan's release from Nigerian detention after eight months
8️⃣Kraken planned to launch its own blockchain, Ink, for DeFi services in 2024
9️⃣Argentina's CNV unveiled draft regulations for Virtual Asset Service Providers to enhance user protection
🔟Over $20 million was transferred from a U.S. government wallet to a suspicious address