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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:😂😂