Inilunsad ng VanEck ang Unang Ethereum Futures ETF na Nakabalangkas bilang C-Corp

Ethereum  Inilunsad ng VanEck ang Unang Ethereum Futures ETF na Nakabalangkas bilang C-Corp  2 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  The launch of EFUT marks the companys second foray into the futures ETF market.  US-based investment manager VanEck has officially announced the launch of the long-awaited Ethereum (Ether) futures exchange-traded fund (ETF), exposing traditional investors to the world of cryptocurrencies.  According to a press release on Monday, the fund named VanEck Ethereum Strategy ETF (CBOE: EFUT) is structured as a C-Corporation. The investment vehicle is designed to be the sole ETF focused on ETH futures, potentially providing tax advantages for long-term investors.  However, it is essential to note that the newly launched fund does not directly invest in cryptocurrencies like Ether or other digital assets. Instead, its value is derived from investments in ETH futures contracts.  VanEcks New ETF to Be Traded on CBOE  On September 28, the company released commercials for two ETFs, including EFUT, providing investors with a glimpse of the new funds. One of the TV ads posted on X (formerly Twitter) conveyed a clear message that EFUT was on the horizon.  At the time, Bloomberg ETF analysts Eric Balchunas and James Seyffart predicted that the investment vehicle would be launched on October 2, and,

2023-10-03Ethereum

Inilunsad ng UBS ang Pilot para sa isang Ethereum-Based Money Market Fund

Ethereum  Inilunsad ng UBS ang Pilot para sa isang Ethereum-Based Money Market Fund  2 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  The pilot project is part of a broader VCC umbrella, aimed at bringing various real-world assets on-chain.  UBS Asset Management, the Swiss asset manager with $3.1T of AUM, announced on Monday, the launch of a live pilot of a tokenized Variable Capital Company (VCC) fund in Singapore.  The pilot project is part of a broader VCC umbrella, with the aim of tokenizing various real-world assets.  This initiative stems from Project Guardian, an industry collaboration led by the Monetary Authority of Singapore (MAS).  Thomas Kaegi, Head of UBS Asset Management Singapore & Southeast Asia, states this is a crucial step in understanding fund tokenization, and highlights the firms existing expertise in tokenizing bonds and structured products.  The pilot relies on UBS Tokenize, UBSs in-house tokenization platform, to facilitate a controlled launch of a tokenized money market fund.  Represented as a smart contract on the Ethereum public blockchain, the pilot allows UBS Asset Management to track various activities, including fund subscriptions and redemptions.  UBS Asset Managements tokenization pilot is central to their global distributed ledger technology strategy, which emphasizes the use of public and private blockchain networks to enhance fund issuance

2023-10-03Ethereum

Ang mga serbisyo ng Russian OTC crypto swap ay pekeng mga patakaran ng AML: pananaliksik

crypto  Ang mga serbisyo ng Russian OTC crypto swap ay pekeng mga patakaran ng AML: pananaliksik  10 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Analysts say suspicious coin swap services are trying to maintain “an aura of legitimacy” by requiring clients to agree to fake AML policies.  Russian coin swap services are posing “significant” sanctions and anti-money laundering (AML) risks as they do not rely on real AML policies, although they are trying to convince their clients otherwise, a recent research paper says.  In a blog report published on Monday, Oct. 2, Elliptics senior crypto threat analyst, Arda Akartuna, said that many Russian OTC services are actually copy-and-paste a standard template of AML policies instead of developing their own.  Screenshots of identical AML policies on Russian OTC coin swap services | Source: Elliptic  Analysts at Elliptic discovered at least eight Russian coin swap services that have “almost word-for-word” AML policies.  “Since none of these services require any KYC information to use, the inclusion of a ”policy“ on their website is a mere token attempt to maintain an aura of legitimacy.”  Arda Akartuna  Although Elliptic did not reveal the names of these OTC websites, the firm said many of them are offering money-laundering services on Russian cybercrime forums. Akartuna highlighted that

2023-10-03Industriya

Inilunsad ng Swiss bank UBS ang tokenized money market fund sa Ethereum

Ethereum  Inilunsad ng Swiss bank UBS ang tokenized money market fund sa Ethereum  11 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Leading Swiss bank UBS has launched a live pilot of a tokenized version of its variable capital company (VCC) fund as part of Project Guardian, an initiative led by Singapores central bank.  In a press release, UBS Asset Management announced that the fund is part of a broader VCC umbrella designed to bring different types of real-world assets (RWA) to the blockchain. According to Thomas Kaegi, the head of UBS Asset Management for Singapore and Southeast Asia, the project is a milestone in understanding funds tokenization. Kaegi said:  “Sa pamamagitan ng exploratory initiative na ito, makikipagtulungan kami sa mga tradisyunal na institusyong pampinansyal at fintech provider para makatulong na maunawaan kung paano pahusayin ang market liquidity at market access para sa mga kliyente.”  UBS Asset Management launched the controlled pilot of the tokenized money market fund through the companys in-house tokenization service called UBS Tokenize. Using a smart contract on Ethereum, the firm carried out various activities, including redemptions and fund subscriptions.  The pilot is also a part of the companys global distributed ledger technology strategy, which focuses on using private and public blockchains to enhance

2023-10-03Industriya

C is for crypto, but the CFTC didnt get the memo

crypto  C is for crypto, but the CFTC didnt get the memo  3 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  The Commodity Futures Trading Commission is going down the wrong path.  Throughout its history, the CFTC has prided itself as a pro-innovation regulator that constructively engages with industry, academia and the public to deliver principles-based regulatory outcomes.  Sadly, some of the agencys recent enforcement cases — or what they call their “continued enforcement focus in the digital asset decentralized finance [DeFi] space” — are a material departure from this precedent.  In an era when DeFi offers opportunities to foster more inclusive markets, deliver enhanced risk management and improve price discovery, the CFTCs self-proclaimed enforcement campaign against DeFi is a step in the wrong direction. Its stance on DeFi threatens to force innovation offshore, undermining US competitiveness and leadership across the global financial system.  The recent CFTC cases against Opyn, ZeroEx (0x) and Deridex are emblematic of the issues with this new enforcement-first approach.  Ironically, just days after a federal judge dismissed a civil claim against DeFi software developer Uniswap Labs for the actions of a third party, the CFTC announced enforcement actions against these three DeFi protocol operators.  The enforcement actions come even after a federal judge reasoned in

2023-10-03Industriya

Grayscale looks to convert discounted $5B Ethereum trust to spot ETF

Ethereum  Grayscale looks to convert discounted $5B Ethereum trust to spot ETF  2 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Grayscale has moved to convert its Ethereum Trust (ETHE) into a spot exchange-traded fund (ETF).  In an Oct. 2 statement, the crypto asset investment product said the New York Stock Exchange Arca filed Form 19b-4 with the U.S. Securities and Exchange Commission (SEC) to convert its Ether Trust into a spot ETF.  The filing is coming on the heels of the SECs approval of several Ethereum futures ETFs.  Grayscale CEO Michael Sonnenshein said the move further indicated the firms “unwavering commitment to offering investors transparent and regulated access to crypto through product structures that are familiar.” He added:  Habang nag-file kami upang i-convert ang ETHE sa isang ETF, ang natural na susunod na hakbang sa ebolusyon ng produkto, kinikilala namin ito bilang isang mahalagang sandali upang dalhin ang Ethereum nang higit pa sa regulasyong perimeter ng US.  Grayscale Ethereum Trust was launched in March 2019 and has grown to become one of the largest Ether investment vehicles in the world. Per its website, the assets under management of the fund sit at approximately $5 billion, representing 2.5% of all Ether in circulation.  Meanwhile, Grayscale recently scored a landmark victory

2023-10-03Ethereum

Ang Solana (SOL) ay Gumagawa ng Nangangakong Pagbawi, Tumaas ng 15%

Tech  Ang Solana (SOL) ay Gumagawa ng Nangangakong Pagbawi, Tumaas ng 15%  3 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  In addition to the 15% price surge, Solanas total value locked (TVL) reached an impressive milestone on October 2, standing at $338.82 million.  In a surprising turn of events, Solana (SOL), one of the most popular cryptocurrencies in the market, has experienced a remarkable resurgence, witnessing a 15% surge in its price over the last 48 hours. Currently, SOL is trading at $24.19, representing a substantial 65% increase from its lowest price in 2023.  This impressive price rally has propelled SOL beyond a critical technical indicator known as the 200 Exponential Moving Average (EMA), a level closely monitored by traders and analysts.  SOL Witnesses Best Performing Week since July  Solana (SOL) witnessed its most robust performance week since mid-July. The crypto asset traded at $19 on Friday, indicating a slight increase from the $18 it traded on September 13. According to data from CoinGecko, the token has experienced an impressive 29% increase in value and has surged by an astounding 39.08% from its lowest point last month.  The surge is even more noteworthy because the crypto asset had been under significant short-selling pressure, hinting at the possibility of

2023-10-03Industriya

GSR Singapore Regulatory Win With MAS New License Approval

Tech  GSR Singapore Regulatory Win With MAS New License Approval  21 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  GSR, the global cryptocurrency trading firm and liquidity provider, has achieved a significant milestone in its regulatory journey. Its Singapore subsidiary, GSR Markets (GSR Singapore), has received In-Principle Approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution license.GSR Singapore Achieves Regulatory Milestone with MAS Approval  The approval from MAS represents a crucial step for GSR in expanding its operations in the Asia-Pacific region and fostering the adoption of web3 technology.  This achievement enables GSR Singapore to better serve the cryptocurrency community and deepen its presence in the Singapore market. GSR aims to utilize Singapore as a strategic hub for investment in the region, supporting entrepreneurs and innovators in the cryptocurrency space.  GSR Paves the Way for Crypto Expansion in Asia-Pacific  Jakob Palmstierna, CEO of the GSR Group, expressed gratitude to MAS for their constructive oversight, emphasizing the role of regulatory authorities in shaping a thriving digital asset ecosystem. GSR Singapore remains committed to its role as one of the crypto industrys oldest market makers and is dedicated to enhancing its presence in Singapore.  GSR‘s reputation as the primary market maker for numerous leading cryptocurrency exchanges worldwide

2023-10-03Industriya

Grayscale seeks to convert its Ethereum Trust to an ETF

Ethereum  Grayscale seeks to convert its Ethereum Trust to an ETF  29 segundo ang nakalipas  Balita ng Ethereum ng Bitcoin  Grayscale Investments wants to morph its Ethereum Trust into an ETF, a move that parallels a proliferation of ETH-related fund applications.  The news came in a Monday filing by NYSE Arca, the exchange that would list the planned fund. Shares of the Grayscale Ethereum Trust (ETHE) currently trade on the OTC Markets Group under the ticker ETHE.  ETHE has about $5 billion in assets under management. The trusts shares were trading at about a 31% discount to its net asset value on Friday, according to YCharts.com.  “As we file to convert ETHE to an ETF, the natural next step in the products evolution, we recognize this as an important moment to bring Ethereum even further into the US regulatory perimeter,” Grayscale CEO Michael Sonnenshein said in a statement.  The filing follows Grayscales court win against the Securities Exchange Commission over its proposed conversion of its Bitcoin Trust (GBTC) to an ETF.  Judges ruled in that case that the SECs denial of that application — but its allowance of bitcoin futures ETFs — was “arbitrary and capricious.”  Though the decision doesn‘t force the SEC to approve GBTC’s conversion to an ETF,

2023-10-03Ethereum

Vitalik Buterin Discusses Certain Changes to Ethereum Staking, Whats Coming Next?

Ethereum  Vitalik Buterin Discusses Certain Changes to Ethereum Staking, Whats Coming Next?  26 segundo ang nakalipas  Balita ng Ethereum ng Bitcoin  Ethereum co-founder Vitalik Buterin also raised concern regarding the concentration of Ethereums liquid staking providers.  In his recent blog post, Ethereum co-founder Vitalik Buterin shared his opinion on adding some protocols to the Ethereum blockchain code. He also touched upon the most important part which is the concentration of liquid staking service providers.  Vitalik Buterin discussed several Ethereum protocols, including the account abstraction protocol ERC-4337, ZK-EVMs, private mempools, code precompiles, and liquid staking. He expressed stronger support for “enshrining” some of these protocols, such as ERC-4337, in Ethereums code, while he had reservations about others like private mempools. However, he acknowledged that each protocol presents a complex tradeoff that will continue to evolve over time.  Buterin also raised concerns about the concentration of Ethereums liquid staking providers. Notably, Lido currently controls over 32% of staked ether, albeit across different validators. Buterin highlighted that both Lido and Rocket Pool, two major providers, carry different risks and have some safety measures in place, though these might not be sufficient.  Rather than relying solely on “moralistic pressure” to promote a more diverse set of staking providers, Buterin contemplated potential protocol

2023-10-02Ethereum
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