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Grayscale Expresses Concerns Over SEC’s Differential Treatment of Bitcoin ETFs
Bitcoin

Grayscale Expresses Concerns Over SEC’s Differential Treatment of Bitcoin ETFs

Grayscale, a leading digital asset management firm, has recently submitted a letter to a federal judge expressing its concerns over the differential treatment of Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The letter questions why a leveraged 2x Bitcoin ETF has received approval while a spot Bitcoin ETF proposal, as tweeted by Bitcoin Magazine, has yet to be greenlit. Grayscale highlights the inconsistency in the SEC's decision-making process and urges for fair and transparent regulation. Read Also: XRP and Shiba Inu Dominate Trading Volumes on WazirX Amidst Crypto Market Slump https://twitter.com/BitcoinMagazine/status/1678449933928603665 Grayscale Points out the inconsistency in the SEC's decision In the letter, Grayscale points out ...
Ethereum Whales Has Not Ceased Accumulating ETH Despite The General Crypto Market Condition.
Cryptocurrency

Ethereum Whales Has Not Ceased Accumulating ETH Despite The General Crypto Market Condition.

The Ethereum whales have not rested on accumulating Ethereum, the second-largest cryptocurrency in the world and the leading smart contract platform as revealed by the blockchain analytics firm. According to the Santiment, addresses with a balance ranging from 100 and 100,000 ETH has been amassing since June 7th despite the significant price condition of Ethereum and the crypto at large. Source: Santiment/Twitter Read Also: WellyDogDAO To Come Live In The Next Two Months: Shiba Inu's Welly Team “Ethereum shark and whale addresses (holding between 100 to 100,000 ETH) have collectively added 1.1% more of the coin’s supply to their bags on this -39% dip. Historical evidence points to this tier group having alpha on future price movement.” As stated by the blockchain explo...
Gray Glacier Has Been Successfully Launched On The Ethereum Network In Preparation For The Major Merge.
Cryptocurrency

Gray Glacier Has Been Successfully Launched On The Ethereum Network In Preparation For The Major Merge.

Gray Glacier has been successfully launched on the Ethereum network. As reported by the Cryptolifedigital, the Ethereum network was scheduled to take a scheduled upgrade called “Gray Glacier” at block 15,050,000 on 29th June. The Difficulty Bomb will be prolonged by 700,000 blocks via the Gray Glacier upgrade. The mining action of the miners on the current network, Ethereum 1.0 will be discouraged by the Difficulty Bomb after the successful transition to Ethereum 2.0. Read Also: Grayscale's Offer Of Conversion To ETFs Has Been Refuted By SEC And Grayscale Go For Appeal According to the core developer at Ethereum, Tim Beiko, this delay or prolongment of the Difficulty Bomb will be the last. He added that the Bomb would keep fraud off the network because it would require decent t...
Ethereum Network To Take A Scheduled Upgrade called “Gray Glacier” At Block 15,050,000 On June 29th.
Cryptocurrency

Ethereum Network To Take A Scheduled Upgrade called “Gray Glacier” At Block 15,050,000 On June 29th.

On June 29th, the Ethereum network will take a scheduled upgrade called “Gray Glacier” at block 15,050,000. The Difficulty Bomb will be prolonged by 700,000 blocks via the Gray Glacier upgrade. The mining action of the miners on the current network, Ethereum 1.0 will be discouraged by the Difficulty Bomb after the successful transition to Ethereum 2.0. Read Also: Shiba Inu Is Up Above 11% At $0.0000115 In The Last 24 Hours And Up Around 41% In The Week According to the core developer at Ethereum, Tim Beiko, this delay or prolongment of the Difficulty Bomb will be the last. He added that the Bomb would keep fraud off the network because it would require decent technical knowledge. Miners or node operators which fail to participate in the upgrade will halt in an incompatible Chain ...