Christmas came early last December for one lucky slot player, who won a record-breaking $42,100,000 USDT mega jackpot on the popular online sportsbook and casino site, Sportsbet.io. The player’s tale of holiday luck unfolded on December 20, 2023, as he was placing $50 USDT bets on Alchemy Gaming’s ‘Wheel of Wishes’ slot game.
Better Than Winning the Lottery
Although unconscionably lucky, the total jackpot was significantly buoyed by the structure of Games Global’s WowPot!™ jackpots. WowPot!™ takes a progressive percentage of every player’s bet and adds it to the total, giving players a chance to win amounts that can even exceed a national lottery win. In fact, the record-breaking $42 million USDT jackpot won on Sportsbet.io exceeded the average jackpot of the popular EuroMillions average jackpot of December, 2023 by around $7 million.
Anonymous Player Mulls New Future
Choosing to remain anonymous, the Sportsbet.io player initially could not believe his eyes, and is still unsure of what life will look like following the record breaking win. The unnamed player is not making any big decisions and is still overwhelmed by the whole experience but extremely grateful that he continued to use Sporstbet.io over the years.
“Not in a million years did I think that relaxing with a few spins on my favorite sportsbook and casino would change everything. I’ve been playing with Sportsbet.io for years, and it has proven to be the best decision I’ve ever made.”
Sportsbet.io Director Alex Haig Congratulates Winner
In honor of the record-breaking jackpot win, Sportsbet.io’s Director, Alex Haig, personally commended the winner, revealing the triumph as the largest-ever prize bestowed by a single spin in the realm of online slot gaming. Mr Haig emphasized the seamless withdrawal process, highlighting that despite the size of the sum, the fortunate player secured their funds in less than 90 seconds
Celebrating with the Team
As if clinching the record for the biggest online slots jackpot wasn’t euphoric enough, the winner is also set for an unforgettable celebration to follow. A ticket to Sportsbet.io’s headquarters in London awaits, promising an exclusive dining experience with the team. The fortunate player is also set to enjoy an experience of watching a Premier League football game from the VIP box at Newcastle United FC, where Sportsbet.io is an official club partner.
Several potential issuers of spot Bitcoin exchange-traded funds (ETFs) may need to reveal their on-chain addresses for the underlying BTC holdings to remain competitive, according to industry activist Samson Mow, CEO of Jan3.
While the approval of spot Bitcoin ETFs is eagerly anticipated in the United States, concerns have arisen regarding the transparency and verification of these ETFs.
Mow suggests that providing verifiable on-chain proof of Bitcoin reserves would be the optimal way for spot Bitcoin ETF issuers to ensure the legitimacy of their holdings.
Surprisingly, none of the 14 existing applicants for these ETFs have taken steps to offer on-chain proofs, Mow noted in an interview with Cointelegraph.
Skepticism has arisen among cryptocurrency observers regarding the holdings of spot Bitcoin ETFs, with some fearing that they may create “millions of unbacked BTC.”
Bloomberg ETF analyst Eric Balchunas emphasized that holding actual Bitcoin is in the best interest of ETF issuers to maintain their reputation and trustworthiness.
READ MORE: Data Suggests Limited Impact on Bitcoin Prices Despite SEC ETF Approval Speculation
Leah Wald, co-founder and CEO of Valkyrie, suggests that investors can verify whether spot BTC ETF issuers truly hold Bitcoin by reviewing publicly available records from the ETF provider, similar to verifying equity ETF holdings.
Regulators will also monitor the underlying asset holdings, ensuring a level of transparency.
However, some spot Bitcoin ETF applicants, like Grayscale Investments, have refused to disclose addresses due to security concerns.
Mow acknowledges that there’s a hypothetical possibility of an issuer creating an “unbacked” spot Bitcoin ETF if they violate the rules, even though regulations are in place to prevent this.
Despite potential rule violations, Mow believes that transparency will be a crucial competitive aspect in the spot Bitcoin ETF race.
As the competition escalates, he anticipates that one or more funds may disclose their addresses to establish themselves as transparent and reliable issuers.
The United States Securities and Exchange Commission is expected to approve the first spot Bitcoin ETFs in early January, with many analysts targeting January 10 as the approval date.
However, there’s also anticipation of fierce fee competition among ETF issuers, with some, like Invesco and Galaxy, waiving fees for the first six months and for the first $5 billion in assets.
According to ETF analysts Balchunas and Seyffart, there’s a 90% chance of the SEC approving a spot Bitcoin ETF by January 10, though a rejection remains possible if the regulator requires more time for consideration, an event they describe as the “rug pull of a decade.”
On January 2nd, Bitcoin surged to fresh 21-month highs, igniting excitement in the Asian trading session.
Data from Cointelegraph Markets Pro and TradingView indicated that Bitcoin’s price momentum was gaining strength after the holiday season.
The primary catalyst for this surge was the renewed enthusiasm surrounding the United States’ first spot Bitcoin exchange-traded fund (ETF). BTC/USD gained momentum, reaching $45,922 on Bitstamp.
Speculation regarding the ETF was rampant, with rumors suggesting a potential decision might come ahead of the official approval window scheduled for January 4th.
Market participants were unanimous in attributing the recent upward movement in Bitcoin’s price to anticipation of the ETF’s approval.
Crypto analyst Tony, in an update to subscribers on X (formerly Twitter), described this anticipation as a driving force.
Trader and podcast host Scott Melker summarized, “Bitcoin is trading as if an ETF is on the verge of being approved.”
Analyzing changes in the order book, fellow trader Skew observed some selling activity, although the volume remained relatively low.
READ MORE: VanEck Launches Pro-Crypto Ad Campaign Amid Pending Bitcoin ETF Application
He confirmed in his latest X post that the price had stalled since spot selling began and highlighted the importance of previous highs as a key level to watch on a potential dip, specifically at $44.4K.
Estimates for Bitcoin’s potential price with the ETF focus centered around $48,000, despite the cryptocurrency already gaining up to 8% in the early days of 2024.
Interestingly, Bitcoin did not experience significant losses from traders betting against it. CoinGlass data indicated that only $38 million in Bitcoin shorts had been liquidated at the time of writing.
Previously, high funding rates across exchanges hinted at a widespread belief that the ETF event would trigger an upside move.
Cross-crypto short liquidations stood at $62 million. Skew pointed out that earlier short positions were caught off guard during the move past $45,000, particularly in the perpetual swap market.
This underexposure of the perpetual market to the current spot-driven surge suggested the potential for a feedback loop of volatility, especially around the $45,000 price level.
In summary, Bitcoin’s recent rally to 21-month highs was driven by excitement over the potential approval of the first U.S. spot Bitcoin ETF.
Traders and analysts closely monitored the market, with many anticipating further price gains and potential turbulence as the ETF decision date approached.
Leading Bitcoin mining companies are emphasizing the importance of efficiency to stay profitable and operational following the upcoming halving in 2024.
Bitcoin’s protocol mandates a reduction in the BTC rewarded to miners for adding blocks to the blockchain every 210,000 blocks, occurring roughly every four years.
The next halving, the fourth of its kind, will cut mining rewards from 6.25 BTC to 3.125 BTC. This reduction in rewards has significant implications for miners’ profitability and return on investment in hardware and operational costs.
Efficiency will be a key factor during the halving, according to Jaime Leverton, CEO of Hut8. Miners will need to optimize their operations to continue mining, leading Hut8 to develop specialized software for their Canadian mining sites.
They also plan to purchase four power plants in Ontario to power their operations, totaling 310MW.
Hut8 recently completed a merger with US mining firm USBTC, significantly increasing their hash rate from 2.6 EH/s to 7.3 EH/s in November 2023.
Taras Kulyk, CEO of SunnySide Digital, highlights the direct connection between the 50% reduction in block rewards and the price of BTC and transaction fees.
Lower-efficiency miners may need to shut down if these economic incentives don’t compensate for their costs.
Colin Harper, head of research at Luxor, also emphasizes efficiency and suggests that smaller miners may need to power down their machines due to reduced BTC rewards, unless there is a surge in Bitcoin’s price to boost profitability.
Core Scientific CEO Adam Sullivan states that the halving’s impact will depend on Bitcoin’s price and will directly affect how many miners can remain operational.
Lower Bitcoin prices could lead to more machines coming offline, reducing the network’s difficulty.
READ MORE: Bitcoin ETF Race Heats Up as Top Contenders Submit Final Applications
However, Sullivan believes that Bitcoin’s protocol inherently encourages mining, and the network will adjust as miners exit the industry.
This view is shared by others, with a consensus that as long as Bitcoin holds value, mining will continue.
Kulyk is optimistic about the influence of Bitcoin Ordinals and increased scarcity of new Bitcoin in 2024, which could sustain profitable mining.
Contrary to past concerns about a “Bitcoin death spiral,” Blockstream CEO Adam Back believes such a scenario is unlikely.
He points out that mining profitability has increased significantly, and sophisticated mining firms have prepared for the halving’s potential effects.
Back contends that the least efficient miners are likely to drop out, but Bitcoin’s price appreciation and increased hash rate may prevent a significant drop in hash rate during the halving.
2024’s outcome will hinge on Bitcoin’s price performance and mining efficiency.
In summary, the upcoming Bitcoin halving in 2024 is prompting miners to focus on efficiency to maintain profitability, with the hope that Bitcoin’s price will continue to rise and offset the reduction in mining rewards.
The mining industry remains adaptable, with experienced miners prepared for the challenges ahead.
VanEck, a prominent asset manager known for its pending application for a Bitcoin exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC), recently unveiled a pro-crypto advertising campaign.
On December 29th, the company shared its “Born to Bitcoin” video on X (formerly Twitter). Interestingly, the video did not explicitly endorse a BTC exchange-traded product.
This move came approximately two weeks after VanEck expressed a preference for “buying and holding” BTC due to the high costs associated with advertising.
In a trend seen among various asset managers seeking SEC approval for spot Bitcoin or Ether ETFs, VanEck’s advertising initiative aligns with an effort to increase public awareness and support ahead of potential approvals.
For instance, Bitwise enlisted actor Jonathan Goldsmith to reprise his iconic “Most Interesting Man in the World” persona in a December marketing campaign promoting Bitcoin.
Similarly, Hashdex introduced an ad spot highlighting the potential use cases of innovative technologies like cryptocurrencies.
READ MORE: JPMorgan CEO Jamie Dimon Under Scrutiny Over Bitcoin ETF
However, VanEck’s advertising campaign faced criticism online, primarily centered on the perceived low production quality of the ad, considering the firm’s substantial assets under management, exceeding $76 billion as of September.
The campaign mainly featured a silhouette of a figure walking in front of a city skyline, with a nod to the iconic “Buy Bitcoin” sign displayed behind Janet Yellen in 2017.
It’s worth noting that, as of the publication date, the SEC had not granted approval for a spot Bitcoin or Ether ETF to be listed on any U.S. exchange.
Nevertheless, the commission had taken steps to allow investment vehicles linked to crypto futures in 2021. Speculation abounded among experts that the SEC might begin approving multiple spot crypto ETFs as early as January 2024.
VanEck’s pro-crypto advertising effort, while not explicitly endorsing an ETF product, reflects the industry’s eagerness to engage with regulators and the public to secure approval for cryptocurrency-based exchange-traded funds, potentially opening up new avenues for investors in the crypto market.
The eagerly awaited 2024 Formula One season is set to witness the arrival of Stake F1 Team, an exhilarating partnership that melds the world of high-speed racing with the captivating allure of Stake, a renowned betting, entertainment, and lifestyle brand. This transformative collaboration underscores the evolution of sponsorship dynamics in Formula One and unveils an entirely new brand presence for the sport.
Stake, having previously inked a successful partnership with the team in 2023, is now poised to ascend to the role of exclusive Title Partner for both the 2024 and 2025 seasons, signaling its commitment to reshaping the Formula One landscape. In a bold move, Stake will assume full control of the team’s identity, securing exclusive naming rights, and even taking charge of the team’s social media platforms, which will now operate under the moniker Stake F1 Team, a clear reflection of the team’s fresh and dynamic image.
The Stake F1 Team is ushering in an era where traditional sponsorship norms are shattered, with a distinct emphasis on redefining marketing activations. Here, excitement is the linchpin, underlining a fan-centric approach that positions the team as one of the most captivating entities in the world of Formula One.
Founded in 2017 by a visionary group of technology and betting industry entrepreneurs, Stake has rapidly risen to prominence as a major player in the sports and entertainment sphere. Its expanded engagement with Formula One adds another jewel to its crown, alongside high-profile partnerships with global icons like Canadian superstar Drake, Everton Football Club, and the UFC.
In 2023, Stake made an indelible mark on the Formula One scene, leveraging unique activations that resonated far beyond the sport’s traditional fan base. The anticipation for the 2024 F1 calendar is palpable, with Stake gearing up for an array of high-profile experiences, beginning with the highly anticipated launch of the new C44 in February, heralding the start of a spectacular year.
Alessandro Alunni Bravi, Team Representative, lauded Stake’s burgeoning journey within Formula One, underscoring its unique ability to connect with fans and introduce newcomers to the sport. He also celebrated the exciting collaborations with Stake’s illustrious ambassadors, including Argentine football legend Sergio Aguero and Indian-Canadian rapper Karan Aujla, setting the stage for an even more thrilling 2024 season.
Edward Craven, Co-Founder of Stake, exuded enthusiasm for the team’s reimagined identity, driven by an unbridled passion for speed, innovation, and pushing boundaries. Craven tantalizingly hinted at “mind-blowing activations” on the horizon, both on and off the racetrack, as Stake F1 Team charts an electrifying future.
Akhil Sarin, Chief Marketing Officer of Stake, hailed the brand’s resounding success in elevating global brand awareness within the digital landscape. He affirmed Stake’s unwavering commitment to delivering unforgettable experiences that epitomize innovation, entertainment, and global connectivity as they embark on this exhilarating journey alongside Stake F1 Team.
As the curtain rises on the 2024 Formula One season, Stake F1 Team’s entry promises to redefine the sport, fusing the adrenaline of racing with the captivating allure of Stake, creating a thrilling experience that will leave fans on the edge of their seats both on and off the track.
The Avalanche Foundation, a nonprofit organization overseeing the development of the Avalanche Network, has revealed plans to utilize its $100 million nonfungible token (NFT) incubator fund to purchase meme coins.
This strategic move is part of the foundation’s “Culture Catalyst” initiative, initially launched in March 2022 with the primary aim of funding promising NFT projects on the Avalanche Network.
The “Culture Catalyst” initiative is designed to position Avalanche as a hub for creativity, culture, and lifestyle fostered by blockchain technology.
The foundation intends to achieve this by deploying its fund to acquire select Avalanche-based meme coins, thereby curating a unique collection that celebrates the culture and fun embodied by these coins.
Avalanche argues that meme coins transcend mere utility assets, representing the collective spirit and shared interests of diverse cryptocurrency communities.
The foundation is committed to actively participating in the meme coin market, with plans to engage in max bidding for all meme coins on its network.
However, it’s important to note that not all meme coins will find a place in the foundation’s collection.
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Avalanche has established strict criteria for selecting meme coins, including the number of holders, liquidity thresholds, project maturity, adherence to fair launch principles, and overall social sentiment.
One meme coin that has gained significant attention on the Avalanche Network recently is Coqinu (COQ), a rooster-themed token known for its humorous and explicit approach to its lack of intrinsic value, team, and roadmap.
Surprisingly, COQ witnessed an astonishing surge of over 1.47 million percent in value between its inception on December 8 and its all-time high on December 20, as reported by DexScreener data.
Avalanche’s decision to enter the meme coin market comes amidst a broader market frenzy for meme coins across various blockchain networks capable of supporting smart contracts.
Remarkably, one trader managed to turn a $450 investment into over $1.5 million in realized profit.
This trader acquired 4.86 trillion COQ tokens with 17.26 Avalanche tokens, ultimately selling 4.61 trillion COQ for 32,251 AVAX, worth $1.26 million, just one week later.
The trader currently holds 250 billion COQ tokens, valued at $318,300 at the current market prices.
In conclusion, the Avalanche Foundation’s foray into meme coins reflects its commitment to embrace and support the evolving culture and creativity enabled by blockchain technology, even in unconventional and often speculative corners of the cryptocurrency space.
In a world where the dream of homeownership often feels like an elusive goal, the United Kingdom government’s No Deposit Mortgage Scheme offers a glimmer of hope for prospective homebuyers.
This innovative initiative aims to make the dream of owning a home a reality for those who may struggle to save up for a traditional down payment. In this article, we will explore the UK’s No Deposit Mortgage Scheme, its benefits, eligibility criteria, and its potential impact on the housing market.
What is the UK Government’s No Deposit Mortgage Scheme?
The No Deposit Mortgage Scheme is a government-backed initiative introduced to address the significant barrier to homeownership faced by many in the UK—the requirement for a substantial down payment. Traditionally, prospective homebuyers need to save up a substantial sum, often around 5-20% of the property’s purchase price, to secure a mortgage. This requirement can be a daunting obstacle for first-time buyers and those with limited savings.
The No Deposit Mortgage Scheme aims to eliminate this obstacle by allowing eligible homebuyers to secure a mortgage without having to provide a traditional down payment. Instead, the scheme provides a government guarantee to lenders, reducing their risk and enabling them to offer mortgages to those who may not have the means for a substantial deposit.
Benefits of the Scheme
- Increased Accessibility to Homeownership: The most significant advantage of the No Deposit Mortgage Scheme is that it opens the doors of homeownership to a more diverse range of people. This includes first-time buyers, young families, and individuals who have struggled to save for a down payment due to various financial constraints.
- Reduced Financial Stress: For many, the prospect of saving for a sizable down payment while dealing with the rising costs of living can be overwhelming. This scheme alleviates the pressure of saving up for a deposit, making homeownership a more achievable goal.
- Stimulation of the Housing Market: By increasing the pool of eligible buyers, the No Deposit Mortgage Scheme can potentially stimulate the housing market. Increased demand can drive construction and renovation activities, which in turn can lead to job creation and economic growth.
- Encouragement of Responsible Homeownership: To qualify for the scheme, borrowers still need to meet certain affordability criteria. This ensures that individuals taking advantage of the scheme are financially responsible and can manage their mortgage payments effectively.
Eligibility Criteria
While the No Deposit Mortgage Scheme offers a promising path to homeownership, it is essential to understand that not everyone will qualify. The eligibility criteria are designed to strike a balance between accessibility and responsible lending:
- First-Time Buyers: The scheme is primarily targeted at first-time buyers, although some exceptions may apply.
- Maximum Property Value: There is typically a limit on the maximum property value that can be purchased under the scheme. This limit varies depending on the region and the local property market.
- Affordability Assessment: Applicants must undergo a thorough affordability assessment to determine their ability to meet mortgage repayments. Lenders will assess income, expenses, and creditworthiness.
- Stable Employment: A stable employment history is usually required to qualify for the scheme. Lenders may require a certain period of continuous employment or a history of reliable income.
- Credit History: A good credit history is crucial for approval. Applicants with a history of defaults, late payments, or excessive debts may find it challenging to secure a mortgage through the scheme.
- Government Guarantee: Lenders must be participating in the No Deposit Mortgage Scheme, and the government provides a guarantee to these lenders, reducing their risk.
It’s important to note that eligibility criteria can vary slightly depending on the lender and the specific terms of the scheme.
Potential Impact on the Housing Market
The No Deposit Mortgage Scheme has the potential to influence various aspects of the housing market in the United Kingdom:
- Increased Demand: By removing the barrier of a substantial deposit, the scheme can lead to an increase in demand for properties, particularly in regions with high housing costs. This heightened demand could result in property prices rising further.
- Housing Supply: To meet the increased demand generated by the scheme, there may be a need for more housing supply. This could stimulate construction and development activities, providing a boost to the construction industry.
- Economic Growth: A thriving housing market can have a positive impact on the overall economy. It can create jobs in construction, real estate, and related industries, contributing to economic growth.
- Affordable Housing Concerns: While the scheme aims to make homeownership more accessible, it may not directly address the issue of affordable housing. In regions with high housing costs, property prices may remain out of reach for many, even with the elimination of the deposit requirement.
- Responsible Borrowing: The scheme encourages responsible borrowing by requiring borrowers to undergo affordability assessments. This can help mitigate the risk of mortgage defaults and foreclosures.
Challenges and Considerations
While the No Deposit Mortgage Scheme holds promise, it is not without its challenges and considerations:
- Market Impact: The scheme’s impact on property prices and market dynamics will require careful monitoring to prevent excessive price inflation or market instability.
- Risk to Lenders: While the government provides a guarantee to lenders, there is still a level of risk associated with lending to borrowers without a deposit. Lenders will need to manage this risk effectively.
- Limited Availability: The scheme may not be available for all properties, and eligibility criteria can limit access for some buyers.
- Potential for Overindebtedness: Borrowers must be cautious not to overextend themselves financially. The absence of a deposit requirement does not mean that homeownership is risk-free.
In Summary
The United Kingdom’s No Deposit Mortgage Scheme is a bold step toward making homeownership more accessible for a wider range of individuals and families. By eliminating the need for a substantial deposit, the scheme addresses one of the most significant barriers to entering the housing market.
However, its success will depend on effective implementation, responsible lending practices, and careful monitoring of its impact on the housing market. For many, this initiative represents a welcome opportunity to turn the dream of homeownership into a reality.
In the vast tapestry of Hollywood stars and theatrical luminaries, few have shone as brilliantly and enigmatically, even as of 2023, as the incomparable Tim Curry.
With a career spanning over five decades, Curry has left an indelible mark on the world of entertainment. His talents have graced the stage, screen, and even the world of voice acting, making him a versatile and beloved figure among fans of all ages.
Does Tim Curry Own Any Crypto?
It has been reported that Tim Curry invested in Bitcoin as early as 2017, but these reports remain unconfirmed in 2023. However, it wouldn’t be surprising if he has indeed invested in crypto, as countless celebrities have flocked to the crypto space.
A Humble Beginning
Timothy James Curry was born on April 19, 1946, in Grappenhall, Cheshire, England. Raised in a modest household, Curry’s early life did not necessarily foreshadow the theatrical powerhouse he would become. However, his innate talent and passion for performance became evident at a young age.
Curry’s journey into the world of acting began at the University of Birmingham, where he studied Drama and English. It was during his time at university that he honed his acting skills and developed a deep appreciation for the stage. His early experiences in theater productions laid the foundation for a career that would captivate audiences around the world.
A Star on Stage
Tim Curry’s love affair with the stage would define much of his career. He made his professional debut in London’s West End in 1968, captivating audiences with his commanding presence and versatile acting skills. His early roles ranged from Shakespearean classics to contemporary dramas, showcasing his ability to tackle a wide range of characters.
However, it was his iconic portrayal of Dr. Frank-N-Furter in the stage production of “The Rocky Horror Show” that catapulted Curry to stardom. The role, which he originated in London before reprising on Broadway, became a cult phenomenon and a cultural touchstone. Curry’s electrifying performance as the charismatic, cross-dressing mad scientist with a penchant for rock and roll remains one of the most memorable in the history of musical theater.
“The Rocky Horror Show” was not only a career-defining moment for Tim Curry but also a cultural milestone. The stage production’s success led to the 1975 film adaptation, “The Rocky Horror Picture Show,” in which Curry reprised his role. The film, initially met with mixed reviews, would go on to become a midnight movie sensation and a beloved cult classic, ensuring Tim Curry’s place in pop culture history.
A Master of Transformation
One of Tim Curry’s most remarkable talents as an actor is his ability to completely immerse himself in a character. Whether he’s portraying a menacing villain, a charming antihero, or a lovable eccentric, Curry’s performances are marked by their authenticity and depth. His extensive range and chameleon-like ability to transform himself physically and emotionally have made him a sought-after talent in the industry.
In addition to his iconic role in “The Rocky Horror Picture Show,” Curry has delivered memorable performances in a wide array of projects. His portrayal of Darkness in the 1985 fantasy film “Legend” showcased his capacity to embody malevolence with an almost hypnotic allure. The character’s striking appearance and Curry’s haunting performance left an indelible impression on audiences.
On the other end of the spectrum, Curry’s turn as the comically malevolent Cardinal Richelieu in “The Three Musketeers” demonstrated his knack for infusing humor into even the most villainous roles. His charismatic performance added depth and complexity to a character typically portrayed as one-dimensional.
A Voice of Many Faces
Beyond his physical presence and on-screen charisma, Tim Curry has lent his distinctive voice to a multitude of animated and video game characters. His voice acting work has garnered him a new generation of fans who may not even be aware of his on-screen appearances. Perhaps most notably, Curry provided the voice for the nefarious villain Hexxus in the animated film “FernGully: The Last Rainforest.”
His rich, velvety voice and knack for capturing the essence of a character have made Curry a sought-after voice actor in the industry. His vocal performances breathe life into characters and enhance the storytelling experience, making his contributions to animated projects invaluable.
A Legacy That Endures
Throughout his illustrious career, Tim Curry has faced personal challenges, including a stroke in 2012 that temporarily affected his mobility. However, his spirit and determination have shone through, and he continues to make public appearances and delight fans with his signature wit and charm.
While Curry’s on-screen appearances have become less frequent in recent years, his impact on the world of entertainment remains profound. His iconic roles, both on stage and screen, continue to resonate with audiences of all ages, and “The Rocky Horror Picture Show” continues to be celebrated at midnight screenings around the world.
Tim Curry’s influence extends far beyond the characters he has portrayed. He has inspired countless actors and performers with his dedication, versatility, and fearless approach to his craft. His enduring legacy is a testament to the power of talent, tenacity, and the ability to touch the hearts of audiences through the magic of storytelling.
In an industry where stars often rise and fall, Tim Curry stands as a timeless talent, a beloved figure whose performances will continue to captivate and enchant audiences for generations to come. His unique blend of charisma, versatility, and undeniable presence has solidified his place in the pantheon of entertainment legends, and his contributions to the world of acting and performance will be celebrated for eternity.
As anticipation builds for the introduction of spot Bitcoin exchange-traded funds (ETFs), prominent figures in the cryptocurrency space are sharing their perspectives on how this new investment vehicle could impact the broader financial markets.
Grayscale CEO Michael Sonnenshein recently conveyed his optimism about the BTC market’s resurgence during a CNBC interview.
He noted a growing trend of investors incorporating Bitcoin into their portfolios and expressed eagerness for the arrival of spot Bitcoin ETFs.
Sonnenshein highlighted the potential for these ETFs to offer exposure to Bitcoin for the U.S. advisory market, which currently manages approximately $30 trillion in wealth.
Grayscale is at the forefront of efforts to secure spot Bitcoin ETF approval, having engaged in discussions with the United States Securities and Exchange Commission (SEC) regarding the conversion of its flagship Bitcoin trust into an ETF.
Samson Mow, CEO of Jan3, believes that ETFs could play a pivotal role in bolstering the branding and marketing of Bitcoin.
He elaborated on this in a social media thread, emphasizing how competition among asset managers for increased assets under management (AUM) would fuel an advertising battle that could ultimately benefit Bitcoin.
Michael Saylor, co-founder of MicroStrategy, echoed the significance of Bitcoin ETFs, describing them as the most noteworthy development on Wall Street in three decades.
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Saylor anticipates that ETFs will serve as a catalyst driving demand for Bitcoin, making it more accessible to both mainstream retail and institutional investors.
While many foresee a surge in Bitcoin’s price upon ETF approvals, some temper their expectations.
Crypto investor Anthony Pompliano views the ETF as an “ultra bullish development” but doesn’t anticipate it to trigger substantial immediate market movements.
In contrast, Bitcoin advocate Oliver Velez draws a distinction between buying Bitcoin ETFs and acquiring “real Bitcoin.” Velez argues that purchasing a spot BTC ETF is akin to acquiring “paper Bitcoin” with annual associated costs, while owning actual BTC represents a one-time expense.
Velez suggests that dedicated Bitcoin enthusiasts will prefer to hold real BTC without incurring custody fees.
In summary, the impending arrival of spot Bitcoin ETFs has generated a flurry of opinions within the crypto community.
While some foresee significant benefits in terms of market exposure and branding, others remain cautious about the immediate impact on Bitcoin’s price.
The debate over the relative merits of ETFs versus owning physical Bitcoin continues to unfold as the cryptocurrency landscape evolves.