SEC - Page 16

3431 result(s) found.

Trump vs SEC Will Explode 19,000% Before Exchange Listings, While Shiba Inu and Dogecoin Lag

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Trump vs SEC could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.

Trump vs SEC (TRUMPSEC), a new Solana memecoin that was launched today, is poised to explode over 19,000% in price in the coming days.

This is because TRUMPSEC is set to soon be listed on numerous crypto exchanges, according to reports.

This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.

Currently, Trump vs SEC can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.

Early investors in SHIB and DOGE made astronomical returns, and Trump vs SEC could become the next viral memecoin.

Trump vs SEC launched with over $19,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.

To buy Trump vs SEC on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask, or Phantom wallet, and swap Solana for Trump vs SEC by entering its contract address – 9DPyphnuHrDdzDHFXDVG9diKei8otdZT6R2DsJGipYmN – in the receiving field.

If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance, and many others.

In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE), and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.

This is why many SHIB, DOGE, and WIF investors are instead investing in new Solana memecoins, like TRUMPSEC.

Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.

Trump vs SEC Will Explode Over 19,000% Before Exchange Listings, While Shiba Inu and Dogecoin Lag

/

Trump vs SEC could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.

Trump vs SEC (TRUMPSEC), a new Solana memecoin that was launched today, is poised to explode over 19,000% in price in the coming days.

This is because TRUMPSEC is set to soon be listed on numerous crypto exchanges, according to reports.

This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.

Currently, Trump vs SEC can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.

Early investors in SHIB and DOGE made astronomical returns, and Trump vs SEC could become the next viral memecoin.

Trump vs SEC launched with over $19,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.

To buy Trump vs SEC on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask, or Phantom wallet, and swap Solana for Trump vs SEC by entering its contract address – 9DPyphnuHrDdzDHFXDVG9diKei8otdZT6R2DsJGipYmN – in the receiving field.

If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance, and many others.

In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.

If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.

The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE), and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.

This is why many SHIB, DOGE, and WIF investors are instead investing in new Solana memecoins, like TRUMPSEC.

Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.

Trump Promises Major Crypto Policy Shifts, Removal of SEC Chair Gensler at Bitcoin 2024 Conference

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Republican presidential nominee and former President Donald Trump pledged swift policy changes if he wins the upcoming election against Vice President Kamala Harris, the likely Democratic nominee.

\Speaking at the Bitcoin 2024 conference in Nashville, Tennessee, Trump outlined his plans for the cryptocurrency sector, promising to remove US Securities and Exchange Commission (SEC) Chair Gary Gensler “on day one” and establish a “Bitcoin and crypto presidential advisory council.”

Trump addressed a crowd of Bitcoin enthusiasts who waited over an hour for his speech, delayed reportedly due to additional security measures.

He emphasized ending what he called the “persecution” and “weaponization” against the crypto industry, promising to appoint a new SEC chairman supportive of innovation.

Many attendees welcomed Trump’s remarks, as the crypto community has often criticized Gensler for his regulatory actions against firms like Ripple, Coinbase, and Binance.

While Gensler’s term ends in June 2026, a change in administration could expedite his departure.

Tyler Winklevoss, co-founder of Gemini and a Trump supporter, also called for a new SEC chair before the election.

READ MORE: SEC Approves Grayscale’s New Bitcoin Mini Trust ETF for NYSE Listing, Introducing Lower Fees and Tax Advantages for Shareholder

Trump proposed that the crypto advisory council would develop a comprehensive regulatory framework within his first 100 days in office.

He also pledged to halt the development of a US central bank digital currency (CBDC), stating, “There will never be a CBDC while I’m president of the United States, and I will always defend the right of self-custody.”

The conference, concluding on July 27, featured appearances from various US lawmakers, congressional candidates, and industry leaders discussing crypto and blockchain technology.

Edward Snowden, former National Security Agency contractor, spoke virtually, advising Bitcoin enthusiasts to be wary of politicians seeking their votes, noting that these individuals often have their own agendas.

The event was marked by speculation of a surprise guest appearing with Trump, but none materialized. Trump hinted that his appearance was influenced by advisers, including Vivek Ramaswamy, urging him to engage with the crypto community, at least until after the election.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

SEC Approves Grayscale’s New Bitcoin Mini Trust ETF for NYSE Listing, Introducing Lower Fees and Tax Advantages for Shareholder

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The United States Securities and Exchange Commission (SEC) has approved Grayscale’s latest spot Bitcoin exchange-traded fund (ETF), named the Grayscale Bitcoin Mini Trust (BTC), for listing on the New York Stock Exchange’s (NYSE) Arca electronic trading platform.

This development was confirmed in a filing dated July 26.

This approval represents a significant achievement for Grayscale, which recently announced plans to partially spin off its primary Bitcoin fund, the Grayscale Bitcoin Trust (GBTC), into the new Mini Trust.

A Grayscale spokesperson expressed excitement over the SEC’s approval, stating, “Grayscale is excited to share that the [SEC] has approved NYES Arca’s Form 19b-4 application to list and trade shares of Grayscale Bitcoin Mini Trust (proposed ticker: BTC).”

The company awaits the registration statement’s effectiveness, which will enable the Mini Trust to operate as a U.S. spot Bitcoin ETP, alongside GBTC and other funds.

The Mini Trust offers a notably lower management fee of 0.15%, significantly less than the 1.5% annual fee charged by the GBTC fund.

On July 31, Grayscale will allocate 10% of the spot Bitcoin held by GTBC to the Mini Trust.

Current GBTC shareholders will receive shares in the Mini Trust proportional to their existing GBTC shares.

READ MORE: WazirX Suffers $235 Million Hack, Raising Concerns Over Cryptocurrency Security in India

This transition ensures that GBTC holders will maintain the same amount of spot BTC, but distributed across two separate funds.

Earlier this month, on July 8, Grayscale announced a similar initiative with its Grayscale Ethereum Trust (ETHE), where existing shareholders were granted shares in the newly established Grayscale Ethereum Mini Trust (ETH).

Both GBTC and ETHE funds are among the oldest spot Bitcoin and Ethereum funds in the U.S., having launched in 2013 and 2017, respectively.

The GBTC fund alone manages over $17 billion in assets.

An insider mentioned that this distribution method provides existing shareholders with a tax-advantaged way of transitioning from the legacy fund to the new ETF, potentially offering more flexibility and benefits.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Tyler Winklevoss Calls for SEC Leadership Clarity Ahead of U.S. Election, Criticizes Biden Administration’s Crypto Stance

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Gemini co-founder Tyler Winklevoss has urged the U.S. government to clarify the leadership of the securities watchdog before the upcoming election.

In a post on X (formerly Twitter) on July 26, Winklevoss expressed that voters should know who the next chair of the Securities and Exchange Commission (SEC) will be.

He revealed that he and his brother Cameron Winklevoss, also a co-founder of Gemini, were recently disinvited from a White House event after endorsing Donald Trump.

Winklevoss criticized the Biden administration’s approach to the cryptocurrency sector, claiming it missed an opportunity to rebuild the relationship with the industry.

He emphasized the need for clarity and predictability in the regulatory environment, stating, “No more guessing.

“No more hoping. No more surprises. Our industry should not tolerate any possibility of a repeat of the last 4 years.”

He argued that demanding action from the administration before November is a non-partisan stance that the entire crypto industry should support.

Gary Gensler, the current SEC chair since February 2021, has been a contentious figure in the crypto world due to his perceived anti-crypto positions.

READ MORE: Terra’s Bankruptcy Court Order Spurs Major Reopening of Shuttle Bridge, Destruction of 150 Million LUNA Tokens

His term is set to end in June 2026.

In addition, Winklevoss expressed his wish that politicians would refrain from attending Bitcoin and crypto conferences.

He argued that the mainstream adoption of crypto should reach a point where its legality or acceptance is no longer debated, likening it to discussions about the legality of email or the Internet.

This statement was made during the Bitcoin 2024 conference in Nashville, Tennessee, which saw political figures like independent presidential candidate Robert F. Kennedy Jr., and Senators Cynthia Lummis and Tim Scott, in attendance.

Kennedy spoke about Bitcoin’s potential to enhance the U.S. economy and pledged to issue executive orders to support cryptocurrency on his first day in office.

Former President Donald Trump was scheduled to headline the event on July 27.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

WazirX Suffers $235 Million Hack, Raising Concerns Over Cryptocurrency Security in India

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The massive $235 million hack on the Indian cryptocurrency exchange WazirX on July 18 has raised serious concerns about exchange security and the future of cryptocurrency in India.

The attack was detected by Web3 security firm Cyvers, which noted “multiple suspicious transactions” involving WazirX’s “Safe Multisig” wallet on Ethereum.

The hacker moved $234.9 million worth of funds to a new address, using assets from cryptocurrency mixer Tornado Cash to fund each transaction.

The stolen funds included a variety of cryptocurrencies such as Tether, Pepe, and Gala.

The attacker quickly converted these assets into Ether to obscure the trail of stolen funds.

WazirX’s wallet also held approximately $100 million in Shiba Inu, $52 million in ETH, $11 million in Polygon, and smaller amounts of other tokens.

In response, WazirX suspended withdrawals of cryptocurrencies and Indian rupees and announced it was “actively investigating the incident.”

Rajagopal Menon, a spokesperson for WazirX, stated: “We can’t speak to the press right now. You can get updates from our Twitter handle.”

The hack could significantly impact India’s cryptocurrency sector, which has thrived despite government pressure.

Utkarsh Tiwari, chief strategy officer for KoinBX, commented that such a security breach would cause concern among multiple stakeholders, including retail investors and other exchanges.

He added that under India’s G20 presidency, there has been a push for comprehensive regulations for global Virtual Assets Service Providers, prioritizing investor protection.

India’s crypto industry is also hoping for relief from stringent crypto tax regulations.

READ MORE: Experts Skeptical of U.S. Bitcoin Strategic Reserve Amid Speculation of Potential Trump Announcement

Finance Minister Nirmala Sitharaman will present the Union Budget on July 23, and the sector is optimistic about favorable changes.

Since 2022, India has imposed a 30% capital gains tax on digital assets and a 1% tax deducted at source (TDS) on crypto transactions. Sumit Gupta, CEO of CoinDCX, has advocated for reducing the TDS rate to 0.01%.

Meir Dolev, CTO of Cyvers, explained that WazirX uses a multisig wallet requiring four signatures for transactions, with Liminal providing the last signature.

The attacker used two addresses to initiate and receive transactions, funding his wallet via Tornado Cash.

The attacker deployed a malicious contract to change the implementation of WazirX’s wallet, allowing him to execute transactions without needing further signatures.

Dolev speculated that the attacker compromised WazirX endpoints or laptops to gain necessary signatures, possibly through a user interface (UI) hijack on Liminal’s side.

Liminal Custody maintained that its platform remains secure, with preliminary investigations showing that a self-custody multisig smart contract wallet created outside its ecosystem was compromised.

Some analysts suspect North Korean hackers, possibly the Lazarus Group, may be responsible for the hack.

Blockchain forensics firm Elliptic and ZachXBT noted patterns characteristic of North Korean actors. The cryptocurrency market experienced significant turbulence, with SHIB tokens dropping 10% in value.

WazirX has filed a police complaint, reported the incident to relevant authorities, and is contacting over 500 exchanges to block identified addresses, with many exchanges cooperating in recovery efforts.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Vitalik Buterin Introduces Circle STARKs: Revolutionizing Blockchain Security and Efficiency

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Ethereum co-founder Vitalik Buterin has introduced a new cryptographic protocol called Circle STARKs, promising to enhance blockchain security and efficiency.

In his latest post, Buterin explains that this technological leap utilizes smaller fields like Mersenne31 to significantly improve proving speed without compromising security measures.

“The most important trend in STARK protocol design over the last two years has been the switch to working over small fields,” Buterin notes.

Traditional Scalable Transparent ARguments of Knowledge (STARKs) operate over 256-bit fields, which, while secure, are often inefficient.

Circle STARKs, however, leverage smaller fields, resulting in reduced computational costs and faster proving speeds.

This improvement allows for impressive gains, such as verifying 620,000 Poseidon2 hashes per second on an M3 laptop.

Buterin highlights that previous STARK implementations made smaller fields “naturally compatible with verifying elliptic curve-based signatures” but “led to inefficiency” due to the large numbers involved.

READ MORE: Asia’s First Bitcoin Futures Inverse ETF Launches in Hong Kong

Traditional small fields have limited possible values, making them susceptible to brute-force attacks.

Circle STARKs counteract this vulnerability by performing multiple random checks and using extension fields, which expand the set of values attackers need to guess.

This creates a computationally prohibitive barrier for attackers, maintaining the protocol’s integrity.

“With STARKs over smaller fields, we have a problem: there are only about two billion possible values of x to choose from, and so an attacker wanting to make a fake proof need only try two billion times—a lot of work, but quite doable for a determined attacker!” Buterin states.

A crucial aspect of Circle STARKs is the Fast Reed-Solomon Interactive Oracle Proofs of Proximity (FRI), which prove that a function is a polynomial of a certain degree.

Introducing Circle FRI, an approach that maintains the integrity of the cryptographic process, Circle STARKs ensure that non-polynomial inputs fail the proof.

By utilizing small fields and this new mathematical structure, Circle STARKs offer more flexibility and versatility for efficient computational performance.

This innovative protocol marks a significant step forward in the evolution of blockchain technology, combining enhanced security measures with increased efficiency.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

How Blockchain Enhances Cybersecurity | Strengthening Digital Defenses

In today’s digital age, cybersecurity has become a critical concern for individuals and organizations alike. With the increasing frequency of cyber-attacks and data breaches, traditional security measures are proving inadequate. Blockchain technology, initially developed for cryptocurrencies, is emerging as a powerful tool to enhance cybersecurity. Its unique attributes, such as decentralization, immutability, and transparency, make it a game-changer in the field of digital security.

Leveraging Blockchain for Cybersecurity

DigiPortal, under the leadership of Killian Smith, is at the forefront of utilizing blockchain to bolster cybersecurity. By implementing blockchain technology, DigiPortal has successfully enhanced data protection, ensuring that sensitive information remains secure and tamper-proof. Real-world applications and success stories highlight the effectiveness of this approach.

Key Benefits of Blockchain in Cybersecurity

Blockchain offers several key benefits for cybersecurity, revolutionizing the way data is protected and managed. This section provides a detailed explanation of these benefits, such as data integrity, transparency, and immutability.

Data Integrity and Immutability

Blockchain ensures data integrity by recording information in a way that is tamper-proof. Each block of data is cryptographically secured and linked to the previous block, making it nearly impossible to alter. This immutability feature is crucial for applications requiring high data integrity. Examples include financial transactions and health records, where any alteration can have severe consequences.

Decentralization and Reduced Risk

Decentralization is a core feature of blockchain technology, distributing data across a network of nodes rather than a single central point. This reduces the risk of single points of failure and makes it harder for cybercriminals to attack. Decentralized systems are more resilient and can continue operating even if some nodes are compromised. Case studies from various industries demonstrate the practical benefits of this approach.

Blockchain Applications in Cybersecurity

Blockchain’s applications in cybersecurity span various industries, each benefiting from enhanced security measures. This section will overview these applications, highlighting key sectors.

Financial Services

Blockchain is securing financial transactions and preventing fraud in the banking sector. By creating an immutable ledger of transactions, blockchain reduces the risk of fraudulent activities. A real-world example includes the use of blockchain by major banks to streamline and secure cross-border payments.

Healthcare Industry

The role of blockchain in protecting sensitive healthcare data and ensuring patient privacy is significant. Blockchain can securely store patient records, ensuring they are only accessible to authorized personnel. Statistics show a reduction in data breaches in healthcare institutions that have adopted blockchain technology. A case study of a hospital using blockchain for patient data management can be included.

Supply Chain Management

Enhancing security and transparency in supply chains through blockchain is another critical application. Blockchain can track the provenance of goods, ensuring their authenticity and reducing fraud. A diagram or flowchart illustrating the supply chain process with blockchain integration can be helpful.

Challenges and Limitations of Blockchain in Cybersecurity

An honest discussion on the current challenges and limitations of implementing blockchain technology in cybersecurity is necessary. This section will use a table to list pros and cons.

Scalability Issues

Explore the scalability challenges blockchain faces and potential solutions. As the number of transactions increases, the blockchain can become slower and less efficient. Various scaling solutions, such as sharding and layer 2 protocols, are being developed to address these issues.

Regulatory and Compliance Concerns

Discuss regulatory hurdles and compliance issues related to blockchain adoption in cybersecurity. Different countries have different regulations regarding blockchain and cryptocurrency, which can hinder widespread adoption. Understanding and navigating these regulatory landscapes is crucial for businesses looking to implement blockchain solutions.

Future Trends in Blockchain and Cybersecurity

Insight into future trends and advancements in blockchain technology that could further enhance cybersecurity will be discussed. This section will include a bulleted list of upcoming trends.

Integration with AI and Machine Learning

How AI and machine learning can be integrated with blockchain for improved security measures. AI can help in detecting anomalies and potential threats, while blockchain ensures the data used by AI is secure and trustworthy.

Quantum-Resistant Blockchain

The development of quantum-resistant blockchain technologies and their potential impact on cybersecurity. As quantum computing advances, traditional cryptographic methods may become vulnerable. Quantum-resistant blockchains aim to address these future threats.

Conclusion

Summarize the key points discussed in the article and the potential of blockchain technology to revolutionize cybersecurity. Emphasize the importance of staying updated with technological advancements. Blockchain offers a promising solution to many of the current cybersecurity challenges, but continuous innovation and adaptation are essential.

WazirX Suspicious Transactions: $234.9M Shifted Amid Security Breach, Withdrawals Paused

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Web3 security firm Cyvers has detected “multiple suspicious transactions” involving WazirX’s Safe Multisig wallet on Ethereum.

According to an X post, $234.9 million of funds in the Safe Multisig wallet of the Indian crypto exchange have been moved to a new address.

Each transaction’s caller was funded by Tornado Cash, the decentralized protocol for private transactions.

The new address has already swapped the shifted funds, which comprised Tether, Pepe, and Gala (GALA), into Ether.

According to a Telegram post in the “Investigations by ZachXBT” channel, crypto sleuth ZachXBT announced that the suspected primary attacker address still holds over $104 million to dump.

The wallet was mainly composed of around $100 million Shiba Inu, $52 million ETH, and $11 million Polygon.

READ MORE: Fairspin’s Innovative Crypto Gaming: Changing the Future of Online Gambling

It also held $4.7 million FLOKI, $3.2 million Fantom, $2.8 million Chainlink, $2.3 million Fetch.ai (FET), and the remaining funds split between a wide range of other tokens.

In response to the security breach, the Indian exchange has temporarily paused the withdrawal of cryptocurrencies and Indian rupees on the platform.

In an X post by the official exchange, the WazirX team explained that they are “actively investigating the incident” and will post updates as the situation unfolds.

Cointelegraph contacted WazirX to comment on the safety of user funds and measures to recover the stolen crypto assets.

However, the team stated that a response was “not possible at this time.”

On March 21, the Financial Intelligence Unit (FIU) of the Indian Ministry of Finance issued compliance notices to multiple foreign crypto exchanges, including OKX.

The notice sent to Indian OKX users requested they close their accounts and redeem funds before April 30, as the exchange stated it was “no longer providing services to users in India.”

Although discussions have been ongoing for almost four years by the Indian government, the regulatory framework for the crypto market in India remains uncertain.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

SEC Approves VanEck Ethereum ETF, Marking Major Milestone in Cryptocurrency Market

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The United States Securities Exchange and Securities Commission (SEC) has approved the VanEck Ethereum exchange-traded fund (ETF), marking a significant milestone for the market.

The Notice of Effectiveness of the ETF was filed on July 22, providing investors with a regulated means of gaining exposure to Ether in the US.

This approval follows a series of filings and amendments submitted to the SEC, reflecting an extended period of regulatory scrutiny.

VanEck initially pushed for a spot Ether ETF with its first registration filing on May 7, 2021. The firm faced prolonged efforts and delays to meet the regulatory standards required for approval.

Key filings leading to the approval include the Prospectus under Rule 424(b)(3) and multiple amendments to Form S-1 as the firm adjusted to SEC compliance requirements.

The SEC requires S-1s for companies planning their first public securities offering, while Rule 424(b)(3) provides final offering details after the S-1 is effective.

On July 8, VanEck amended its S-1 registration with the SEC to secure the listing and trading of spot ETF shares.

This was a critical step in the SEC ETF approval process.

READ MORE: NYSE Arca Approves Listing of Grayscale and Bitwise Spot Ether ETFs, Awaiting SEC Authorization

Additionally, the crypto investments firm 21Shares made amendments to receive final approval from the SEC.

Both firms’ filings did not specify launch dates for US exchanges but indicated that the Ethereum ETFs would be launched as soon as practicably possible “after the effective date.”

Amid the SEC’s Ether ETF approvals, digital asset manager Grayscale confirmed that its two spot Ether ETFs officially began trading on July 23 on the NYSE Arca.

The launch of the Grayscale ETFs followed the SEC’s decision to sign off on the final approval on July 22, allowing several issuers to launch their products for trading.

On July 22, Grayscale transferred over $1 billion worth of ETH to Coinbase in preparation for the launch of its ETFs, moving 292,263 ETH, according to its Ethereum Mini Trust July 18 filing.

The approval of these ETFs represents a major development in the cryptocurrency market, providing investors with new opportunities for regulated exposure to Ethereum.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

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