Pinakabagong Balita sa Crypto at Market Updates

Ang Ethereum ay isang kalakal, sabi ng co-founder na si Joseph Lubin

Regulating cryptocurrencies is challenging due to the difficulty of categorizing them as commodities or securities. Their decentralized nature and unique requirements make placing them in a single category hard. As digital currencies are intended to operate independently of government control, the debate on their classification continues to spark controversy.　　This is what happens to Ethereum, too, as the asset wasnt created to be only a commodity like Bitcoin is. Although ether can be used for transactions, the blockchain is much more than a simple network for digital exchanges. It includes learning and creating opportunities for developers who want to deploy dapps, non-fungible tokens (NFTs), and more.　　A recent debate about what Ethereum exactly is arose recently, and the co-founder of Ethereum spoke up about it.　　Ethereum is a commodity, not a security　　In a recent interview with CNBC, Joseph Lubin, the co-founder of Ethereum and CEO of ConsenSys discussed how cryptocurrency is a commodity. This aspect was already stated by the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).　　Lubin‘s response came into context after the former SEC director said about Ethereum that he didn’t consider it security then.　　Other similar figures had controversial opinions about Ethereum, which is why the

2023-08-11Ethereum

Ang GBP/USD ay umaalinlangan sa gitna ng data ng US CPI; tumutuon ang mga mangangalakal sa GDP ng UK

With the release of US inflation data in the United States (US), exceeding the priors month reading but below estimations, the GBP/USD reacted upwards, reaching a fresh week high of 1.2818. Nevertheless, as US Treasury bond yields soared, the US Dollar (USD) is staging a comeback, as the GBP/USD exchanges hands at 1.2687, down 0.24%. Read More…　　The Pound Sterling (GBP) extends upside swiftly as the market mood turns cheerful. The GBP/USD pair looks well-supported for now as investors hope that the British economy could avoid recession due to easing inflationary pressures and declining consumer spending. Domestically, Fridays factory data and Q2 Gross Domestic Product (GDP) figures will be in focus. Read More…　　In the view of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, prospects for extra downside in GBP/USD appears diminished for the time being. Read More…

2023-08-11Industriya

DCG Strikes Back As It Moves To Dismiss Geminis Fraud Allegations Tied To Genesis Subsidiary

The unfolding drama between Digital Currency Group (DCG) and the renowned cryptocurrency exchange, Gemini, took a significant turn this week. Recently, DCG, a dominant force in the crypto market, has filed a motion to dismiss the lawsuit brought against them by Gemini last month.　　DCG Seeks To Dismiss The Fraud Lawsuit　　Digital Currency Group (DCG) has lodged a motion to dismiss the lawsuit initiated by cryptocurrency exchange Gemini, characterizing the July case as an extension of the Winklevoss twins year-long attempt to tarnish their reputation on Twitter.　　Gemini, which was founded by Cameron and Tyler Winklevoss, instituted legal proceedings against both Silbert and DCG, focusing on the outstanding funds Genesis, a DCG subsidiary, owes to Geminis customers.　　Before the 2022 cryptocurrency market turmoil, Genesis and Gemini had a symbiotic business relationship. Gemini entrusted its Earn program funds to Genesis with the aim of generating a higher yield, a strategy that benefited Gemini‘s clientele until the moment Genesis halted both withdrawals and redemption processing following FTX’s insolvency.　　With Genesis‘s lending division seeking bankruptcy protection earlier this year, approximately $1.2 billion of Gemini client assets hang in the balance. On July 7, Gemini alleged in its lawsuit that DCG and Silbert provided a misleading portrayal of Genesis.

2023-08-11Industriya

Crypto whale na pumipili para sa utility sa Everlodge, Aptos, at Near Protocol

In crypto, “whales” are individuals or entities who hold large quantities of tokens or non-fungible token (NFT) collections. Like their aquatic namesakes, they tend to be influential and often trigger significant ripples within the market.　　Noteworthy crypto assets that have captured the attention of whales include Everlodge (ELDG), Aptos (APT), and Near Protocol (NEAR).　　Their utility and potential make these assets popular among investors who follow whale strategies.　　Aptos a layer-1 scaling solution　　Crypto whales are frequently drawn to pioneering projects that address challenges. Aptos (APT) is a layer-1 scaling solution.　　Developed using the Move programming language, the platform provides high throughput and robust security in decentralized finance (defi).　　In contrast to Bitcoins processing capacity of approximately seven transactions per second (TPS), Aptos has a 130,000 TPS.　　Despite its relatively recent launch, Aptos is in the top 100 with a market cap of over $1.52 billion.　　APT, the native currency of Aptos, is trading at $6.94 when writing and maintains a bullish outlook.　　Near Protocol: shaping on the open web　　Near Protocol is another scalable layer-1 blockchain where developers can build smart contracts.　　The platforms unique attributes include scalability, low transaction costs, and rapid transaction speeds. Near Protocol has also implemented a “sharding,” a feature that enhances network performance.　　The platform also

2023-08-11Industriya

Bittrex slapped with jaw-dropping $24M fine by SEC

The United States Securities and Exchange Commission (SEC) has recently revealed an agreement reached with the prominent cryptocurrency trading platform Bittrex, as well as its co-founder and former CEO, William Shihara. This agreement comes as a response to allegations of operating an unregistered exchange, a violation of federal regulations.　　The SEC, in an official announcement on August 10th, stated that both Bittrex and Bittrex Global, its associated entity, have consented to a substantial settlement totaling $24 million to resolve the legal dispute with the federal regulatory body. This settlement is comprised of different components, including $14.4 million in disgorgement, $4 million in prejudgment interest, and $5.6 million in civil penalties. However, it‘s important to note that the settlement’s finalization is contingent upon approval by a court.　　The underlying issue that prompted this legal action revolves around the alleged actions of Bittrex. The SEC has accused the platform of collaborating with token issuers over an extended period, with the intention of removing any indications that the tokens they offered could be classified as investment contracts. This strategic move was seemingly aimed at circumventing the regulations set forth by federal securities laws.　　Today we announced that crypto asset trading platform Bittrex Inc. and its co-founder

2023-08-11Industriya

Breaking: Inirelista ng Gemini ang XRP Token

Tech　　Breaking: Inirelista ng Gemini ang XRP Token　　11 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Mga Balita sa Crypto: After three years, crypto exchange Gemini on Thursday relisted XRP token and trading is active for several pairs including USD, GBP and EUR currencies. The exchange announced support for the XRP Ledger blockchain, with the Gemini API/FIX and ActiveTrader applications open for XRP/USD trading pairs. Meanwhile, the XRP price did not show much reaction to the relisting news, as the relisting excitement died down in July 2023 following the resumption of trade by United States based Coinbase and Kraken.　　Gayundin Basahin: Hinahamon ng Tagapagtaguyod ng XRP na si Deaton ang Apela ng Ripple Verdict ng SEC na Nagpapasiklab sa Legal na Debate　　XRP Trading Pairs On Gemini　　Earlier on Thursday, CoinGape reported that the token was made available for deposits on the platform. The Gemini team released a statement on the relisting announcement, stating that the Gemini mobile app and website now supports XRP trading for USD, GBP, EUR, CAD, SGD, HKD, and AUD pairs. The tokens can be stored in Gemini exchange wallet but is not yet available in Gemini Custody, it said.　　Gemini XRP Trading Active　　The support for XRP Ledger now makes Gemini a platform

2023-08-11Industriya

Plug Power Stock Is Tanking Despite Sales Beating Expectations. Heres Why.

Pananalapi　　Plug Power Stock Is Tanking Despite Sales Beating Expectations. Heres Why.　　7 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Plug Powers Q2 sales impress, but delays keep pushing out production of its green hydrogen.　　Hydrogen technology company　　Lakas ng Plug　　keeps pushing out its hydrogen production targets. That has investors unnerved. The stock is down.　　Wednesday evening, Plug (ticker: PLUG) reported a second-quarter loss of 40 cents a share from sales of $260.2 million. Wall Street was looking for a 27 cents loss and sales of $237.7 million.　　Sales beat estimates. That‘s a positive. What’s more, Plug reiterated its guidance for full-year 2023 sales of $1.2 billion to $1.4 billion. The $1.3 billion midpoint implies Plug will generate roughly $830 million in sales in the second half of 2023. Wall Street is currently projecting about $827 million.　　Despite the sales beat, shares were down almost 10% in premarket trading Thursday at $9.73 each, while at ang futures ay tumaas ng humigit-kumulang 0.5% at 0.6%, ayon sa pagkakabanggit.　　Earnings are a disappointment, but production guidance is likely the bigger factor for investors.　　Plug has several hydrogen-making facilities under development. A plant in Georgia is producing hydrogen, which can be used in fuel cells or burned to produce power. Hydrogen doesnt generate

2023-08-11Industriya

Weekly Crypto Price Analysis: BTC, ETH, BNB, XRP, DOGE, and SOL

Bitcoin crypto Ethereum　　Weekly Crypto Price Analysis: BTC, ETH, BNB, XRP, DOGE, and SOL　　22 segundo ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Weekly crypto price analysis for 11th August 2023 reveals that most of the cryptocurrencies have been trading in mixed signals, with bullish and bearish trends visible in individual crypto coins. The top coins like Bitcoin, Ethereum, and XRP have been the most volatile in the past few days, with selling and buying activities occurring in a wide range.　　Bitcoin (BTC) has been on a downward trend for most of the days in the week, with price levels dropping below $30k. The ETH continues to observe a strong battle between bulls and bears. ETH has been trading in the range of $1,830 to $1,880 since the last week, After failing to rally above $1,900. Ripples (XRP) price analysis has been struggling to stay above the 0.65 USD mark, but it seems that the coin is slowly finding its footing. The BNB price analysis has been mostly positive in the last seven days, with a few corrections. BNB has been trading in the range of $240 and $247 during the past days of the week.　　Dogecoin (DOGE) has also been trading in a sideways movement

2023-08-11Ethereum

Ang Kenvue Stock ay Idaragdag sa S&P 500 Pagkatapos ng J&J Exchange Offer

exchange offer for Kenvue stock, according to S&P Dow Jones Indices.　　Kenvue (ticker: KVUE) is the consumer health company that was taken public by Johnson and Johnson (JNJ) in May. J&J is offering its investors the chance to exchange their stock for Kenvue shares in a deal that expires on Friday, Aug. 18.　　Kenvue will be added to the S&P 500 index on a date to be announced upon the successful completion of the exchange offer, S&P Dow Jones Indices said in a press release late Wednesday. J&J is offering to exchange as much as 1.7 billion Kenvue shares, a roughly 90% stake, for its own stock.　　The move by S&P Dow Jones Indices could increase investor participation in the exchange offer since index funds now have a greater incentive to make the swap with Kenvue being added to the S&P 500 index. Indexers own more than 20% of J&J, which is one of the largest healthcare companies in the world. Kenvue owns such brands as Listerine, Band-Aid, and Tylenol　　The J&J offer is expected to be oversubscribed, resulting in a proration, meaning that J&J holders may get to swap just a fraction of their shares for Kenvue.　　Kenvue shares are up nearly 2% to

2023-08-11Industriya

Ang diskarte sa mabagal na paglabas ng Binance mula sa Europa

Is Binance truly pulling the plug on Europe, or is there a deeper strategy at play？ Binance, the titan of the crypto world, appears to be retracing its steps in Europe. But dig a little deeper, and their European strategy is more nuanced than meets the eye.　　Facing regulatory giants　　When you‘re at the top, as Binance undoubtedly is, it’s inevitable that regulators will come knocking. And knock, they did. From potential charges in the U.S to the meticulous scrutiny from European watchdogs, Binance is under the global spotlight.　　The company‘s CEO, Changpeng “CZ” Zhao, even contemplated the drastic measure of discontinuing Binance’s U.S operations to salvage the broader enterprise.　　Binance‘s European adventures further unravel a tale of setbacks. Denied by Belgium, left out in the cold by the Netherlands, and choosing to make an exit from Cyprus, it’s easy to assume the company is on a downward spiral in the region.　　However, with the impending European Union‘s Markets in Crypto Assets (MiCA) regulation, Binance’s retreat may be a calculated consolidation. This new regulation promises crypto companies a single license, valid across all EU member states, making individual country licenses redundant.　　Strategizing for MiCAs new dawn　　Binances seemingly shrinking European footprint is not merely an act of

2023-08-11Industriya

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