VanEck, a major investment management firm, has announced its plan to create the VanEck Ethereum Strategy Exchange Traded Fund (EFUT), a significant step that reflects the rising acceptability of cryptocurrencies in conventional finance. This follows the company’s prior entrance into the cryptocurrency sector with the launch of its Bitcoin Strategy
The continuing battle between cryptocurrency entities and the U.S. Securities and Exchange Commission (SEC) has taken an unexpected twist. Ethereum Futures Exchange-Traded Funds (ETFs) are set to make their debut in the United States, possibly as early as next week, according to Bloomberg analysts. This development comes after a turbulent
The global cryptocurrency market has maintained stability and is witnessing a slight recovery. Meanwhile, Binance, the world’s largest cryptocurrency exchange, has made the decision to sell its Russian unit as part of its strategic exit from the Russian market. Over the past 24 hours, the cryptocurrency market has displayed significant
The Merge update to Ethereum’s core protocol was a watershed point in the cryptocurrency’s history, marking a transition away from the inefficient proof-of-work (PoW) consensus mechanism in favor of the more energy-efficient proof-of-stake (PoS). Ethereum’s compliance with the strict criteria imposed by the Office of Foreign Assets Control (OFAC) has
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, continues to grapple with bearish pressure as it strives to regain lost ground. On September 21, 2023, ETH initiated a fresh downward trend, sliding below key support levels and reaching a weekly low beneath $1,580. While the digital asset has since attempted
Ethereum co-founder Vitalik Buterin’s September 2023 ETH transactions totaling over $3.9 million were discovered by blockchain analysts. The co-founder of Ethereum, has made a splashy move in the midst of a volatile situation in the crypto market by putting a large sum (approx. $630k) of Ethereum into Coinbase recently. Buterin’s
In the past few weeks, Ethereum (ETH), the second largest market capital-holding cryptocurrency, has encountered a challenging environment marked by bearish pressure, setbacks, and negative sentiments from industry luminaries. These factors have contributed to ETH’s decline; while it briefly reached $1666 in September, it could not sustain these gains for
In light of new allegations of extortion, former Ethereum adviser Steven Nerayoff has launched a new assault on Ethereum co-founder Vitalik Buterin. This comes after XRP attorney John Deaton made the shocking admission that he has seen some of the receipts Nerayoff has that demonstrate problems in the Ethereum ICO
Ethereum, the second-largest cryptocurrency has been on a rollercoaster ride over the past week. Starting with a recovery phase from its five-month low of $1,538 on September 12th, it managed to climb to $1,666 by September 18th. However, a subsequent three-day drop saw its value fall to $1,576. Despite the
To improve the openness and accessibility of smart contract audits for decentralized finance (DeFi) protocols, developers of Ethereum (ETH) have created a new standard called ERC-7512. This month, Richard Meissner, co-founder of Safe, presented a suggestion on the Ethereum Magicians forum that has generated a lot of debate among developers.
