4 Reasons Why Ethereum Is Not a Security: Consensys

Ethereum has come under scrutiny from the Securities and Exchange Commission (SEC), which has hinted at classifying it as a security. This move by the SEC has sparked controversy, especially after a clear stance in 2018 that Ethereum did not meet the criteria of a security.  Blockchain software company Consensys has firmly positioned itself against the SECs reconsideration in light of these events. Here are four compelling reasons supporting why Ethereum should not be deemed a security.  1. Historical SEC Stance on Ethereum  In 2018, William Hinman, then Director of the Division of Corporation Finance at the SEC, made a significant speech indicating that Ethereum was not considered a security.  “Isinasantabi ang pangangalap ng pondo na sinamahan ng paglikha ng [Ethereum], batay sa aking pag-unawa sa kasalukuyang estado ng [Ethereum], ang Ethereum network at ang desentralisadong istruktura nito, kasalukuyang mga alok at benta ng [Ethereum] ay hindi mga transaksyon sa seguridad,” Hinman sabi.  This historical stance by the SEC forms a cornerstone of the argument against its current reclassification efforts. The SEC has not formally retracted this position, leading to a strong presumption favoring Ethereums current non-security status.  “Based on Director Hinmans point in 2018, there is no difference between now and 2018. Today, in terms

2024-04-29Ethereum

Binuhay ng Stripe ang Mga Pagbabayad sa Crypto Pagkatapos ng 6 na Taon na Hiatus, Nagsisimula Sa USDC

Binuhay ng Stripe ang Mga Pagbabayad sa Crypto Pagkatapos ng 6 na Taon na Hiatus, Nagsisimula Sa USDC  Payments company Stripe announces its return to crypto payments after a six-year hiatus, starting with support for USDC stablecoin.  Re-entry Announcement  After being out of the crypto payments game for six years, renowned payments processor Stripe is re-entering the arena, kicking off with the USDC stablecoin.  During a keynote address at Stripe‘s Global Internet Economy conference, co-founder and President John Collison declared the company’s return to crypto payments.  Collison highlighted the improved transaction settlements, stating,  “Transaction settlements are no longer comparable with Christopher Nolan films for length. And transaction costs are no longer comparable with Christopher Nolan films for budget.”  He emphasized a better experience this time and demonstrated a live transaction on stage.  Initial Crypto Acceptance Through USDC  Stripe will initially accept payments in cryptocurrency, starting with USDC stablecoins. While the first round of payments will be limited to Solana, Ethereum, and Polygon, this marks a significant step as the platform hasnt accepted crypto payments since 2018.  In 2022, Stripe, along with Twitter (now X), introduced a program allowing creators on the social platform to receive payments in USDC on Polygon. It also created fiat-to-crypto on-ramps through APIs in collaboration with

2024-04-29Industriya

Ginagawa ng Solana trader ang $49,000 sa $2 milyon sa loob ng 5 oras

A Solana (SOL) ecosystem cryptocurrency trader made nearly 4,000% of unrealized gains in a 5-hour trade, raising alerts for insider trading. The initial investment worth $49,000 suddenly became a $2 million stack of TORI, a recently launched meme coin.  Ayon sa isang ulat by , a trader spent 344 SOL, worth $49,000, to purchase 261.4 million TORI. The initial SOL originated from two Binance withdrawals to two new wallet addresses on April 25 and 26.  Notably, the trader transferred the TORI tokens to multiple addresses on April 28, immediately after buying them. The 261.4 million TORI has a valuation of $2 million and reached approximately five hours after the trading activity.  This raised an alert for insider trading, as and several other accounts commented on X (formerly Twitter). Furthermore, the addresses followed a similar behavior, suggesting they belong to the same entity.  Insider trading?  This guy turned $49K to $2M in just 5 hours, a gain of 41x!  Inalis niya ang 345.6 $ SOL($49K) mula sa #Binance via 2 fresh wallets and spent 344 $ SOL($49K) para bumili ng 261.4M $TORI.  He transferred the 261.4M $TORI to multiple wallets without selling them.  $2 million-worth Solana trader may face liquidity issues  However, the trader now needs to liquidate the tokens

2024-04-29Industriya

Tinatalakay ng Batikang Analyst ang Kapalaran ng Altcoins Pagkatapos ng Halving: Darating ba ang Magandang Panahon?

Tinatalakay ng Batikang Analyst ang Kapalaran ng Altcoins Pagkatapos ng Halving: Darating ba ang Magandang Panahon?  In a recent statement, famous cryptocurrency analyst Michaël van de Poppe shared his views on the altcoin market after Bitcoin went through halving.  Altcoins have experienced a significant decline, dropping over sixty percent in just three months. Despite this setback, van de Poppe remains optimistic about the future of altcoins.  Van de Poppe emphasizes that market perception depends largely on the discourse one chooses to adopt. According to the analyst, judging by the USD values, the markets do not appear to be in a bear market as there is a significant increase.  Van de Poppe argues that BTC valuations are more important than USD valuations because they provide a clearer picture. For example, if Chainlink rose from $6 to $12, but Bitcoin rose from $25,000 to $70,000, holding Bitcoin during this period would have yielded a higher return on investment.  After two important events for Bitcoin, van de Poppe states that there is a slow but sure turn towards altcoins. Bitcoin Spot ETF excitement has faded and the Bitcoin halving is over. These developments show that the spotlight is slowly shifting towards altcoins, according to the analyst.  Van de Poppe

2024-04-29Industriya

Maaari bang Bawiin ng Bitcoin Cash ang $500 Sa gitna ng Selloff?

Maaari bang Bawiin ng Bitcoin Cash ang $500 Sa gitna ng Selloff?  BCH price signifies sharp rejection from the $700 mark and dropped to the 50 day EMA mark.  Buyers are trapped at highs and unwinded their long positions.  The BCH price reflects roller coaster move and has flipped toward the 50 day EMA mark and has delivered sharp reversal in the last sessions. The price action demonstrates the long unwinding activity, signifying follow on selling pressure on the charts. However, the trend is neutral and bulls need to retain the $500 mark to avoid any rash selloff and to gain momentum.  At press time, the Bitcoin Cash (BCH) price traded at $478.34 with an intraday gain of 1.65%, reflecting neutrality on the charts. It has a monthly return ratio of -15.35% and 305.20% yearly. The pair of BCH/BTC is at 0.00751 BTC, and the market cap is $9.15 Billion. Analysts are neutral and suggest that the BCH crypto may retain strength and will outperform in the upcoming sessions.  BCH Price Volume Profile On Daily Charts  On the daily chart, the price-to-volume profile of the Bitcoin Cash crypto showcases sharp reversal in the last trading sessions. The price action signifies rejection from the supply region of

2024-04-29Industriya

Bitcoin Malapit na Bumaba sa $30,000: Pangwakas na Babala ng Crypto Analyst

Bitcoin Malapit na Bumaba sa $30,000: Pangwakas na Babala ng Crypto Analyst  Crypto analyst Alan Santana predicts a significant price drop for Bitcoin to around $30,000, calling it a “capitulation drop.”  This stark forecast relies on a combination of recent trading behaviors and technical indicators.  “We are approaching a critical point where the market must rebalance,” states Santana, highlighting the urgency of his prediction.  Amidst bullish trends, Bitcoin faces a potential drastic drop to $30,000, as analyzed by crypto expert Alan Santana. This detailed article examines the predictive techniques and market implications.  Understanding the Capitulation Drop to $30,000  Using a straightforward calculation method, Alan Santana forecasts a possible capitulation point for Bitcoin. By averaging its recent trading range and halving this figure, Santana anticipates a drop to about $33,300, with a broader view settling at $30,000. This prediction follows a detailed analysis of Bitcoins price movements and trading patterns over the recent months.  The Timing and Impact of the Drop  Santana pinpoints May as the critical period for this expected price adjustment, influenced by Bitcoins behavior following the recent halving event and its entry into a distribution phase. Typically lasting up to six months, these phases could be shortened this year, expediting the capitulation process and impacting investor

2024-04-29Industriya

Listahan Ng Franklin Templeton Ether ETF Rose Umaasa Para sa Pag-apruba

Franklin Templetons plan to launch an Ethereum ETF has been added to the DTCC list, raising expectations for improved investor accessibility.  There have been rumors about the SEC rejecting spot Ethereum ETFs in May, but a recent development has added a twist. Franklin Templeton‘s proposed spot Ethereum ETF, which is one of several applications from major players, has been listed on the Depository Trust and Clearing Corporation’s (DTCC) new securities list under the ticker EZET.  Franklin Templeton Lists Ethereum ETF  Franklin Templeton, the $1.5 Trillion asset management firm, has listed its Ethereum ETF on the DTCC website. The website shows that the ETF is available for creation and redemption, but this does not imply approval of the S-1 filing with the US Securities and Exchange. On February 12th, Franklin Templeton applied for its Spot ETH ETF.  The DTCC listing adds intrigue, suggesting that Franklin Templeton is confident about their application. However, experts have conflicting outlooks, creating a wait-and-see situation for investors wondering if a spot Ethereum ETF will become a reality.  Why The Listing Is Important  Listing on the DTCC is a crucial step that allows for supply adjustment of ETF shares to help keep up with their demand in the market, keeping an ETFs market

2024-04-29Industriya

Lingguhang Pagsusuri ng Cryptocurrency: Ang mga Altcoin ay Bawi At Pinagsama

Below are some of the cryptocurrencies that are currently in their respective bull markets. The best-performing altcoins are making gains, but they face significant resistance at a recent high.  Cryptocurrencies will retrace above the moving average, indicating further upside. Others are falling within the moving average lines, allowing for further volatility in cryptocurrencies.  Bonk  The price of Bonk (BONK) is in a sideways trend. Since December 14, 2023, the cryptocurrency value has risen from a low to a high price and vice versa. In other words, the price of the altcoin has been hovering between $0.00001000 and $0.00003500. Today, the rising trend is reversing after hitting resistance at $0.00002700.  Should the bears drop below the 50-day SMA, selling pressure will approach the previous low of $0.00001500 or $0.00001300. Meanwhile, the value of BONK stands at $0.00002371. It has the following characteristics and is the best performing coin.  Kasalukuyang presyo: $ 0.00002379  Market capitalization: $2.23B  Dami ng kalakalan: $421.31M  7-araw na pakinabang: 60.39%  Pepe  The price of Pepe (PEPE) has recovered from its previous decline and is now in a bull market. The altcoin rallied to the $0.00001100 resistance zone but was pushed back. Buyers were unable to sustain the positive momentum above the current high as the altcoin fell back

2024-04-29Industriya

Isinasama ni Franklin Templeton ang P2P functionality para sa on-chain na government securities fund nito

Isinasama ni Franklin Templeton ang P2P functionality para sa on-chain na government securities fund nito  Franklin Templeton, the company that manages over $1.6 trillion in assets, announced this week that shareholders of the Franklin OnChain US Government Money Fund (FOBXX) can now transfer shares directly to one another using the public blockchain.  The FOBXX fund, launched in 2021, is a pioneer in utilizing blockchain technology for transaction processing and share ownership recording. The fund initially employed the Stellar blockchain network through a proprietary system for these transactions. Since last April, its been additionally supported on the Polygon blockchain.  Each share of the Fund is equivalent to one BENJI token, with the transfer agent keeping the official share ownership records, Franklin Templeton shared in the press release. As of the end of March 2024, the funds assets under management surpassed $360 million.  “We are excited that BENJI token holders will have the ability to transfer shares amongst each other,” stated Roger Bayston, Head of Digital Assets at Franklin Templeton. “Eventually, we hope for assets built on blockchain rails, such as the Franklin OnChain U.S. Government Money Fund, to work seamlessly with the rest of the digital asset ecosystem.”  According to Franklin Templeton, the FOBXX fund aims

2024-04-29Industriya

Umalis ang zkSNACKs sa US Market Sa gitna ng mga Patuloy na Isyu sa Regulasyon

Umalis ang zkSNACKs sa US Market Sa gitna ng mga Patuloy na Isyu sa Regulasyon  zkSNACKs has begun denying access to its services to those residing in the U.S.   The recent move comes on the backdrop of the arrest of co-founders of Samourai Wallet.  The zkSNACKs platform is now inaccessible to users in the US due to regulatory issues. The developer of the privacy-enhancing Bitcoin wallet Wasabi Wallet, zkSNACKs, has begun denying access to its services to those residing in the United States.  Some users are unable to access the zkSNACKs website, which prevents them from downloading and using Wasabi Wallet and any associated services, including RPC interfaces and APIs. The platform implemented an IP address firewall to do this.  Pagtaas ng Pangangasiwa ng Pagsisiyasat  Though the developer remained mum on the subject, rumors have circulated that the two founders of Samourai were arrested around the same time as the policy change and retraction.  Moreover, Keonne Rodriguez and William Lonergan Hill, co-founders of the cryptocurrency mixing service Samourai Wallet, were accused by the United States Department of Justice (DOJ) of laundering $100 million.  Furthermore, according to the legal measures taken against the duo, a maximum of 20 years in jail is conceivable for the conspiracy to conduct

2024-04-28Industriya
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