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SEC Commissioner Hester Pierce: Ethereum ETF Approval Would Be Easier Than Bitcoin ETF’s

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SEC Commissioner Hester Pierce: Ethereum ETF Approval Would Be Easier Than Bitcoin ETF’s

  • US SEC Commissioner Hester Pierce signals an easier path for Ethereum ETF approval, matching Bitcoin’s success.

US SEC Commissioner Hester Pierce has hinted at an easier approval for Ethereum ETF in an interview. She suggested that the Ethereum ETF might get approved without a court decision.

Pierce has made it clear that she wants the SEC to treat crypto ETFs like traditional funds, applying the same standards without the need for court intervention. 

This approach is different from how they’ve handled it before.

See Also: Socket Recovers 1,032 Ethereum (ETH) After Bridge Protocol Exploit

The crypto market is buzzing about a possible Ethereum ETF, especially after the launch of Bitcoin ETFs in the US. Ethereum is seen as having similar regulatory clarity as Bitcoin.

Despite this excitement, there were worries about Ethereum ETFs facing regulatory hurdles. But Pierce’s comments indicate a smoother approval process might be possible.

Spot Ether ETF applicants include big names like BlackRock and Fidelity. They are all hoping for SEC approval.

Fox journalist Eleanor Terret also shares this optimism about Ethereum ETFs. 

A BTC spot issuer is confident about getting approval for their ETH ETF application, inspired by the successful Bitcoin ETF launch.

The post SEC Commissioner Hester Pierce: Ethereum ETF Approval Would Be Easier Than Bitcoin ETF’s appeared first on BitcoinWorld.



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Press Release

Digital Yuan Now Used to Complete Car Pre-purchase Payments

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The digital yuan, China’s central bank digital currency (CBDC), is being used as a security element in car pre-purchase payment settlements. 

According to local media reports, a pilot test that allows customers to pay for their cars with digital yuan was established in early February in Shenzhen, and several customers are already purchasing their vehicles using this system.

China Launches Digital Yuan Car Pre-purchase Payment Pilot in Shenzhen

The digital yuan, the Chinese central bank digital currency (CBDC), is starting to be used in organized car repurchase payments. 

Local media reported that the Market Supervision Bureau in Pingsham, a district of Shenzhen with 400,000 citizens, and the Agricultural Bank of China had partnered to establish a pilot test for car payments.

The test was organized around the advantages of using the digital yuan, allowing a smart lock in the users’ payments that can be removed only after the delivery of the car. 

See Also: Axie Infinity Co-Founder Loses $9.7m In 3,248 Ethereum (ETH) Wallet Hack

The first batch of consumers that participated in the pilot in early February deposited their funds using the “Intelligent Payment and Peace of Mind” system of the Agricultural Bank of China and are waiting for the delivery of their cars.

The system will take care of the distribution of the funds once the delivery is completed, automatizing the flow of payments and regularizing the delivery of highly demanded cars in the market.

Mr. Wang, one of the participants in the project, stated that while the consumers acquire these cars from authorized dealers, delivering a large amount of funds in advance is always a cause for concern. 

With the use of the digital yuan car prepayment system, the service is guaranteed, and the funds are safer.

Also, a more comprehensive prepayment program has been launched in Pingsham, specifically in the Longping Tianhong Business District. 

There, 50% of the prepaid merchants have signed to use the digital yuan for prepaying catering, education, training, and other services in alliance with banks.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN



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Worldcoin (WLD) Token Hits New Highs AI Coins Rally By 21%

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OpenAI CEO Sam Altman’s brainchild, Worldcoin, is leading an AI-powered rally across the broader stock market as WLD token skyrocketed by 21%.

This week, Worldcoin’s WLD token skyrocketed by 21%, reaching an all-time high of $8.96, and marking a staggering 300% gain in February alone.

WLD Price Chart | Source: Coinstats

 

At its core, Worldcoin aims to become a universal digital ID platform, using iris scans for verification and aspiring to grant everyone on the planet the ability to “prove their humanity.” This objective, however, has raised privacy concerns due to the reliance on iris-scanning devices.

Despite the controversy, the Worldcoin project has gained traction, especially among young people and citizens in developing countries where the offered payment for registering identities translates to significant secondary income. 

This is evident in the surge of users to the World App, the project’s first wallet, which surpassed 1 million daily users this week.

The excitement extends beyond Worldcoin, engulfing the broader AI token market. 

See Also: Worldcoin Wallet App Hit 1M Daily Users as WLD Surged Over 140%

Notable projects like The Graph, Ocean, and Render Protocol have all witnessed over 50% gains in the last seven days. SingularityNET, another AI-focused token, has doubled in value.

This AI fervor has spilled over to the stock market, already buoyed by Nvidia’s recent record earnings announcement. 

Nvidia’s stock price has since climbed 16%, adding to its near 30% February increase and reaching an all-time high of $785. 

Tech giants like AMD, Microsoft, and Meta haven’t been left behind, experiencing significant gains and flirting with their own all-time highs.

The renewed interest in AI is a major driving force behind the S&P 500’s recovery since last year, with technology companies taking center stage in analyst discussions. 

Google Trends data further cements this fascination, revealing a surge in searches related to AI and its potential impact on both the cryptocurrency market and the broader financial landscape.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN



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Two European Central Bank Officials Bitcoin’s “Fair Value” Zero

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Two European Central Bank (ECB) officials are doubling down on their criticism of Bitcoin, saying its “fair value” is zero, despite the recent surge in price and the approval of spot Bitcoin ETFs in the US.

Ulrich Bindseil and Jürgen Schaaf, writing in a blog post, dismiss the developments as mere noise and reiterate their long-held stance that Bitcoin’s “fair value is still zero.”

See Also: Axie Infinity Co-Founder Loses $9.7m In 3,248 Ethereum (ETH) Wallet Hack

Their skepticism comes despite the success of the Bitcoin ETFs, which have attracted over $3 billion in net flows and fueled speculation about an Ethereum ETF. 

They argue that the enthusiasm is misplaced and that Bitcoin’s current price and market capitalization simply reflect the “social damage” that will occur when the bubble bursts.

This isn’t the first time Bindseil and Schaaf have voiced their concerns about Bitcoin. 

In November 2022, they declared it on the “road to irrelevance,” citing slow and expensive transactions, unsuitable investment characteristics, and environmental concerns related to mining. 

They further criticize Bitcoin for its alleged history of price manipulation and fraud. Bitcoin has gained almost 200% since their blog post was published.

Their latest blog post has sparked strong reactions on Crypto Twitter, with some users expressing disbelief and others engaging in heated debates.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN





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