From assessing the Bitcoin ETF could get the green light in October to Laos researching and developing a digital kip. Here are some highlights from the crypto market.
In comments this weekend, Eric Balchunas, senior ETF analyst at Bloomberg, said U.S. Bitcoin futures ETFs are likely to get the green light from the regulator.
October began with the Securities and Exchange Commission (SEC) announcing a delay in its decision to approve a Bitcoin ETF. Processing of these applications begins in November.
However, according to Balchunas, futures-based ETFs are likely to be processed sooner in the coming weeks.
“The ETF futures submitted under Proposition 40 are expected to be processed as planned (with a probability of around 75% of being approved by October).”
Yes, the SEC has removed the approval of Bitcoin ETFs, BUT so does the physically supported under the ’33 law. The futures ETFs filed under the ’40s Act (which Genz loves) are very much alive and likely on schedule (we believe a 75% chance was approved in October). Here are our odds: https://t.co/cSZ8aDsITl pic.twitter.com/DUevRANvO7
– Eric Balchunas (@EricBalchunas) October 2, 2021
Balchunas is referring to the chairman of the SEC, Gensler Garry, who position Relatively open to these instruments, said Proposal 40, when combined with other federal securities laws, provides better investor protection for mutual funds and ETFs. Ask your staff to review these records.
The leading crypto asset manager Grayscale has publication New report on Cardano as part of a series of educational overviews on cryptocurrencies called “Building Blocks”.
In the report, the investment firm outlined the main benefits of the third largest cryptocurrency, as well as some of its key risks.
Charles Hoskinson, CEO of Input Output, is seen as the driving force behind the blockchain, with his “compelling vision” being one of Cardano’s strengths.
Cardano’s strong community, wide accessibility and decentralization after the Shelley upgrade last year were also cited by Grayscale as the main reasons for the success of blockchain.
In terms of potential risks, the company has recognized strong competition in the smart contracts space. Ethereum, the current leader in the field, as well as upstarts like Solana and Avalanche are all vying for dominance.
News BSC station
BSC station (BSCS) has announced strategic partnership with GAIA Everworld.
According to the announcement, GAIA Everworld, a GameFi plowing and moneymaking project, will run IDO on the BSC Station Launchpad.
BSCS is added as an in-game reward from GAIA Everworld. In addition, both parties can support each other in marketing activities such as AMA, gift promotions, etc.
Cryptocurrency exchange KuCoin was notification on Sunday that all users from China have to withdraw from the platform by December 31st.
The company announced that it will stop providing services to Chinese customers in order to comply with the new regulatory measures.
Users affected by the block will receive an email from KuCoin informing them of the blocking period for the service.
Tesla CEO Elon Musk sent the Dogecoin community by storm when he announced he would post another photo of Floki, his Shiba Inu pup, on Monday.
Good point, will discuss with the team. Floki picture tomorrow.
– Elon Musk (@elonmusk) October 2, 2021
Floki Inu, the Dogecoin imitation project launched on Binance Smart Chain, saw its price rise 100% after Musk posted the first photo of his dog to the extreme delight of his fans.
News Boba and OMG
Boba Network will send BOBA tokens to OMG holders in November.
Ethereum scaling solution Boba Network announced that it will send its BOBA tokens to OMG token holders.
Boba Network is a Layer 2 scaling solution for Ethereum as part of the Optimistic Rollups model, which was introduced in August 2021. Boba Network helps lower transaction fees, increase the number of transactions and expand the processing capacity of smart contracts. The project has a modest TVL of $ 27.88 million, placing it 7th on the list of the largest Layer 2 solutions on Ethereum.
– Boba Network ($ OMG) (@bobanetwork) October 1, 2021
Previously, in February of this year, the Ethereum scaling solution OMG Network (OMG) announced a partnership with Enya and built Boba Network as the core protocol of this platform.
On October 1, the project announced that it would host an Airdop of BOBA tokens for OMG holders and collect users’ OMG balances on November 12 and an Airdrop on November 19.
The airdrop is carried out at a ratio of 1 BOBA: 1 OMG, which means that for every OMG token held, users will receive 1 BOBA.
After the Airdrop announcement was released, the OMG token price soared, surpassing the high of $ 15.3 set on May 7, 2021. The token is currently trading in the USD 17 zone.
OMG Price Chart | Source: Coinmarketcap
Laos researches and develops digital kip.
Is Laos research digital currency with the help of a fintech startup from Japan.
Recently, the Bank of the Lao PDR signed a Memorandum of Understanding with the Japan International Cooperation Agency to study the development of the digital kip.
To better analyze the situation in its country, Laos has teamed up with Soramitsu, a company that has worked with the National Bank of Cambodia to develop the Bakong digital payment platform.
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