US SECs Gary Gensler To Face Huge Crypto Hearings

cryptoSi Gary Gensler ng US SEC ay Haharap sa Napakalaking Pagdinig sa “Crypto”.10 minuto ang nakalipasBalita ng Ethereum ng Bitcoin  In what could be yet another tough face off with lawmakers, U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler looks set to testify before two separate committees of the US Congress in September 2023. These hearings come at the back of the historic XRP lawsuit Summary Judgment and the Grayscale spot Bitcoin ETF lawsuit victory, both of which are huge setbacks for the US SEC during the Gensler regime.  Gayundin Basahin: Robinhood Wallet Now Supports Bitcoin, Dogecoin; Ethereum Swaps Enabled  While the announcement on the hearings do not explicitly suggest a focus on the crypto market news, it could well be the dominant part of the US Senate and House committee hearings. Interestingly, this time around Gensler would also have to face questions on the SECs plans to approve the spot Bitcoin ETF filings from Blackrock, Ark Invest, Fidelity, Bitwise and others.  Gary Gensler To Testify Before Two Congress Panels  According to a scoop from Fox Business journalist Eleanor Terrett, the US SEC Chair had agreed to testify before the U.S. Senate Banking Committee GOP as well as the U.S. House Committee on Financial

2023-09-01Industriya

Sa loob ng BlackRock Bitcoin (BTC) Mining Strategy

Bitcoin  Sa loob ng BlackRock Bitcoin (BTC) Mining Strategy  Balita ng Ethereum ng Bitcoin  Vladislav Sopov  BlackRock, one of largest investing conglomerates in world, expands its presence in Bitcoin (BTC) mining segment  Nilalaman  BlackRock accumulates shares of public Bitcoin (BTC) miners, data says  In shadow of Bitcoin spot ETF drama  Fighting for the approval of the first-ever Bitcoin Spot ETF in the United States might not be the only way BlackRock is going to benefit from a potential Bitcoin (BTC) rally. Researchers unveiled that the $10 trillion asset manager is buying more and more shares in public companies associated with BTC mining.  BlackRock accumulates shares of public Bitcoin (BTC) miners, data says  BlackRock might be among the biggest shareholders in the most influential Bitcoin (BTC) mining firms. The asset manager purchased a large amount of stocks of Riot Blockchain, Marathon, CipherMining and TerraWulf top-tier mining entities. This information was unveiled by independent crypto researcher Collin Brown today, Aug. 29, 2023.  ????⛏️ BREAKING: #Itim na batos Bitcoin game is all about #Bitcoin mining. As a powerhouse shareholder in 4 out of the 5 leading #BTC mining giants worldwide – Riot, Marathon, Cipher, Hut 8, and TeraWulf – they mine BTC and plan to acquire more through the upcoming BTC ETF. ????????  At the

2023-09-01Bitcoin

Ang Trader na Tumawag sa May 2021 Market Meltdown ay nagsabi na ang Mahalagang Indicator ay Nag-flash Green lang para sa Ethereum (ETH)

Ethereum  Ang Trader na Tumawag sa May 2021 Market Meltdown ay nagsabi na ang Mahalagang Indicator ay Nag-flash Green lang para sa Ethereum (ETH)  Balita ng Ethereum ng Bitcoin  A popular crypto trader says that a key indicator is now flashing bullish for the smart contract platform Ethereum (ETH).  Pseudonymous analyst na si Dave the Wave nagsasabi his 139,800 followers on the social media platform X that the weekly Gaussian channel is signaling ETH is likely entering a bull cycle after crossing the $1,700 price level.  Gaussian channels are momentum indicators that can be used to identify price reversals.  Pinagmulan: Dave the Wave/X  Ang Ethereum ay nakikipagkalakalan para sa $1,704 sa oras ng pagsulat, bumaba ng 1.5% sa huling 24 na oras.  Susunod, ang mangangalakal weighs in on Bitcoin (BTC) using his version of the logarithmic growth curves (LGC), which attempt to forecast Bitcoins macro highs and lows while filtering out medium-term volatility and noise.  Looking at his chart, Bitcoins current price in the $27,000 range puts BTC about halfway between the upper and lower bounds of his LGC range, which he calls a “buy zone.”  Pinagmulan: Dave the Wave/X  His chart suggests that the LGC lower bound will increase to $50,000 by 2026.  According to the trader, the lower bound of

2023-08-31Ethereum

Exploring the Pros and Cons of Ethereum Casinos

Ethereum Tech  Exploring the Pros and Cons of Ethereum Casinos  Balita ng Ethereum ng Bitcoin  As cryptocurrency advances, its integration with various industries becomes more evident. This integration brought significant innovation to online gambling, making Ethereum casinos more prominent. These casinos have made it possible for players to gamble with Ethereum. Theyre giving players more autonomy and transparency over their gambling experience. But, Ethereum casinos have advantages and challenges, as with any technological advancement. By reading this article, players can learn more about what Ethereum casinos offer.  Mga kalamangan ng Ethereum CasinoSeguridad at Anonymity  One of the advantages of Ethereum casinos is their enhanced security and anonymity. Since digital currencies are decentralized, transactions are protected from fraud and hacking. The Ethereum casino allows players to gamble while keeping their identity secret. Its an attractive payment option for players who value privacy and security.  Mas mabilis na Mga Transaksyon  Ethereum transactions are processed much faster than traditional payment methods. Players can quickly deposit and withdraw their funds, providing a better gaming experience. Every player wants to access their wins without waiting days for their funds to clear. So, faster transaction times are crucial for players.  Fewer Fees Involved  Traditional payment fees that can put a players cash at risk are

2023-08-31Ethereum

Robinhood Wallet Adds Support for Bitcoin and Dogecoin, Enables ETH Swapping

Bitcoin Ethereum  Robinhood Wallet Adds Support for Bitcoin and Dogecoin, Enables ETH Swapping  Balita ng Ethereum ng Bitcoin  The addition of Bitcoin, Dogecoin, and Ethereum swapping is a significant step for Robinhood and in response to requests from its user base.  Robinhood Markets Incs self-custody web3 wallet has announced that it has added support for Bitcoin and Dogecoin. According to a Wednesday blog post, Robinhood Wallet users will also be able to conduct in-app swaps on the Ethereum network. At launch, the service was available to select users for over 200 tokens and is expected to roll out to all users in the coming weeks. Users can swap without holding any ETH. Network fees are automatically designed to be deducted from the tokens they hold. The platform believes this approach will make the onboarding of users to DeFi easier.  “With Robinhood Wallet we stripped away many of the complexities of DeFi and the broader Web3 ecosystem, and reduced some of the challenges and barriers to entry for everyday people,” said Johann Kerbrat, General Manager of Robinhood Crypto. “Weve been really encouraged by the adoption so far, and are excited to keep building for our customers around the world as we ship new features and expand

2023-08-31Ethereum

Ethereum Secures Commodity Status: Uniswaps Legal Victory Sets Precedent

Ethereum  Sini-secure ng Ethereum ang Katayuan ng Commodity: Ang Legal na Tagumpay ng Uniswap ay Nagtatakda ng Precedent  Balita ng Ethereum ng Bitcoin  Pangunahing puntos:  According to a recent announcement, the US District Court for the Southern District of New Yorks judge ruled in favor of Uniswap in a class action lawsuit on August 29. The ruling explicitly categorized Ethereum as a commodity, not a security.  ConsenSys lawyer Bill Hughes has naka-highlight a significant development in the cryptocurrency space.  The lawsuit, dismissed by the Southern District Court of New York, centered around Uniswap, a prominent decentralized exchange. The court ruled that Uniswap couldnt be held responsible for damages resulting from third-party misuse of the protocol, emphasizing the decentralized nature of the platform.  The case was brought to light in April 2022 by an investor named Nessa Risley, who alleged that Uniswap sold unregistered securities and failed to register as an exchange or broker-dealer.  However, Judge Katherine Polk Failla, who presided over the case, reasoned that the plaintiffs‘ arguments were untenable due to the decentralized protocol’s nature.  Although the ruling didn‘t explicitly address the legal status of Ether, the court’s stance on Ethereum being classified as a commodity holds significance.  This pronouncement aligns with broader discussions around cryptocurrency classification, as seen

2023-08-31Ethereum

Tinawag ng Judge ang ETH na Isang Commodity Sa Uniswap Lawsuit Dismissal Order

Ethereum  Tinawag ng Judge ang ETH na Isang Commodity Sa Uniswap Lawsuit Dismissal Order  Balita ng Ethereum ng Bitcoin  United States District Court Judge Katherine Polk Failla has dismissed the class action suit against the decentralized exchange Uniswap, calling ETH a commodity in the dismissal order.   Judge Katherine is also the Judge overseeing the United States Securities and Exchange Lawsuit against Coinbase.  ETH A Commodity According To Judge Failla  The lawsuit against Uniswap was brought by users of the decentralized exchange who claimed that they lost significant sums of money due to scam tokens being listed on the exchange. The six individuals who filed the suit had bought tokens on the decentralized exchange between December 2020 and March 2022. They told the court they were arguing on behalf of a “nationwide class of users” that Uniswap controlled liquidity pools on the protocol. They alleged that the decentralized exchange also controlled the pools created by scammers to whom they lost their money to.  In her dismissal order, the Judge wrote that Bitcoin (BTC) and Ether (ETH) were considered as “crypto commodities.” The Judge also made the distinction as part of her reasoning behind dismissing the lawsuit, stating that she was not convinced by the argument that Uniswaps

2023-08-31Ethereum

Lumalawak ang Robinhood sa DeFi Gamit ang Bagong Feature ng Ethereum Swap

Ethereum  Lumalawak ang Robinhood sa DeFi Gamit ang Bagong Feature ng Ethereum Swap  Balita ng Ethereum ng Bitcoin  Initially gaining prominence as a stock-trading platform, Robinhood is making a serious foray into decentralized finance (DeFi) by adding Ethereum swap capabilities to its wallet.   This strategic move aims to increase Robinhood Wallets functionality as it rapidly evolves from a trading app into a more complex financial ecosystem.  Robinhood Supports Ethereum Swaps  Launched nearly six months ago, Robinhood Wallet has gained significant traction with hundreds of thousands of users across more than 140 countries.  Despite its late entry into the crowded crypto wallet space, Robinhood appears to have caught up swiftly. Initially, the platform supported Polygon and Ethereum networks for custody, sending, and receiving crypto assets.  However, the new update now supports Bitcoin and Dogecoin, with Ethereum swaps being its most talked-about feature.  The latest Ethereum swap feature stands out for its ease of use. Unlike most other wallets, Robinhood allows users to swap Ethereum-based tokens without the need to hold ETH. Network fees for the swaps are automatically deducted from the tokens users hold, making it an enticing option.  Yet, this move raises questions about Robinhoods broader strategy. Is the company aiming to simplify and democratize access to DeFi, or

2023-08-31Ethereum

Ang Ikalimang Pinakamalaking Ethereum Wallet ay Nabibilang sa Robinhood: Narito ang Iba Pang Altcoin sa Loob

Ethereum  Ang Ikalimang Pinakamalaking Ethereum Wallet ay Nabibilang sa Robinhood: Narito ang Iba Pang Altcoin sa Loob  Balita ng Ethereum ng Bitcoin  It was revealed that Robinhood is the owner of the worlds fifth largest Ethereum wallet.  According to a report by Arkham Intelligence, a cryptocurrency analysis company, Robinhood owns 1.72 million ETH, worth approximately $2.92 billion at the time of writing.  Arkham Intelligence is the same company that identified Robinhood as the owner of the worlds third-largest Bitcoin wallet, holding 122,224 BTC worth approximately $3.32 billion.  The report also noted that Robinhoods wallet holds SHIB ($276.82 million), LINK ($29.98 million), AVAX ($29.66 million), COMP ($19 million), UNI ($8.16 million), AAVE ($6.16 million), and USDC ($6.16 million). He revealed that he also holds other cryptocurrencies such as $5.14 million). The total value of these coins is approximately 374 million dollars.  Since the SEC requires crypto balances on Robinhood to be backed 1:1, they consist of funds that Robinhood holds in custody for user balances.

2023-08-31Ethereum

Robinhood owns fifth-largest Ethereum wallet, holding $2.54B in ETH

Ethereum  Robinhood owns fifth-largest Ethereum wallet, holding $2.54B in ETH  Balita ng Ethereum ng Bitcoin  Arkham Intelligence said on Aug. 30 that the trading app company Robinhood holds the fifth-largest account on the Ethereum blockchain.  The intelligence platform previously identified Robinhood as the owner of the third-largest Bitcoin address, which holds 118,300 BTC ($3 billion).  On Twitter/X, Arkham said:  “”  That address begins with 0x40B… and holds 1.5 million ETH ($2.54 billion). It also holds more than 100 ERC-20 tokens, collectively worth $177.1 million. Those numbers bring Robinhoods total holdings for all Ethereum-based tokens above $2.71 billion.  Arkham noted that the address holds funds in custody on behalf of Robinhood users. Robinhoods trading model requires the company to back user balances at a 1:1 ratio in line with regulations set by the U.S. Securities and Exchange Commission (SEC).  The four Ethereum addresses larger than Robinhood‘s account include Ethereum’s beacon deposit contract, a wrapped Ether contract, and addresses belonging to major cryptocurrency exchanges Kraken and Binance.  The beacon deposit contract is by far the largest of those addresses. With more than 29 million ETH ($49.7 billion), it accounts for one-quarter of the entire Ethereum supply.  Robinhood has addresses on other chains  Arkham‘s data additionally shows that Robinhood holds funds on numerous other exchanges,

2023-08-31Ethereum
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