Ethereum insider Lane Rettig makes strong allegations about ETH ICO, claiming that 70% of all ETH in existence was distributed in the pre-mine. 
Read more on: https://thecryptobasic.com/2023/12/18/former-ethereum-developer-says-70-of-eth-supply-was-distributed-during-pre-mine/
#ETHEREUMS #EthereumLeads #EthereumAccumulation #cryptocurreny #CryptoNews🔒📰🚫

Renowned market trader Peter Brandt has waded into the Bitcoin (BTC) versus Ethereum (ETH) debate, casting doubt on the long-term prospects of the latter.
Read more on: https://thecryptobasic.com/2023/12/15/legendary-trader-peter-brandt-shares-controversial-take-on-ethereum/
#ETHEREUMS #ethupdates #cryptocurreny #CryptoWatchlist #CryptoNews🔒📰🚫

#uma Ethereum ($ETH ) risks 18% decline if this happens to priceDisclaimer: 🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. Major cryptocurrencies began the week lower as #investors continued to be concerned about the Bitcoin price drop, thus seemingly reducing their exposure to the broader market in expectation of lower pricing.#ETHEREUMS , the second-largest cryptocurrency by market value, fell 2.66% in the last 24 hours to $2,408, mirroring the overall market trend.Since reaching a high of $2717 on Jan. 12, Ethereum has steadily declined, bringing it to a crucial demand zone that remains decisive for its short-term price action.According to Ali, a crypto analyst, ETH is currently in a key demand zone, ranging between $2,388 and $2,460. If this support holds strong, there seems to be a clear path ahead with minimal resistance, offering the potential for upward movement.Ethereum Market Update: ETH is currently in a key demand zone, ranging between $2,388 and $2,460. If this support holds strong, there's a clear path ahead with minimal resistance, offering a potential for upward movement.⚠️ However, if ETH fails to maintain this level, we… pic.twitter.com/F0HfyrSdGF— Ali (@ali_charts) January 21, 2024However, a bearish scenario could unfold if ETH fails to hold above this crucial support level. Ali states that if ETH fails to maintain this level, a pullback to the next significant support area of around $2,000 might occur.A trip to around $2,000 would mean a 17% drop from the current price of $2,408. The next major support below $2,000 is the daily Simple Moving Average (SMA) 200, which is currently at $1,923.A breach of this level could open the doors for more losses, possibly toward the $1,800 and $1,700 levels. Meanwhile, the daily SMA 50 level at $2,338 might seek to curtail losses in the immediate term.On the other hand, if ETH sees a reversal from its current declines and bounces off the $2,388 and $2,460 support zones, it could resume its uptrend and target the $2,614 level again.A successful break above this level could pave the way for a rally toward the $2,717 and $2,900 levels, where the coin faces the next hurdles. The ultimate target for bulls is to reclaim the $3,000 psychological level last reached in April 2022.#MANTA #Launchpool

#BONK Ripple CTO David Schwartz and lawyer Bill Morgan expressed concerns over the US SEC definition of "#Cryptoassets security"Ripple chief technology officer (CTO) David “JoelKatz” Schwartz expressed concerns over the U.S. Securities and Exchange Commission’s (SEC) definition of “crypto asset security”.Under Chair Gary Gensler, the SEC refers crypto asset security to assets including digital assets, virtual currencies, coins, and tokens. They believe all the abovementioned assets meet the definition of “security” under the federal securities laws.Ripple CTO David “JoelKatz” Schwartz Contradicts SECRipple CTO David “JoelKatz” Schwartz reacted to an SEC filing in the Wahi lawsuit. He said the SEC’s “crypto asset security” definition only matches to something like tokenized stock. The SEC is potentially spreading wrong information in the government.He explained that “things you transfer with distributed ledgers” tokens are not contracts, #transactions , or schemes. Hence, they cannot be categorized as investment contracts. “So for them to be a security, they’d have to meet one of the other criteria for being a security under US law.”Also, the term “asset” is ambiguous. He gave an example that when someone sells an apple, the asset received is not just the apple. “You also have the right to sue me if the apple is defective which is part of the asset you bought.” Gary Gensler that almost everything in the crypto industry is a security, including those well-established are not securities.Judge Torres had ruled that programmatic sales of $XRP is not a security under the Howey Test. However, Gensler disagrees with the court.Pro-XRP lawyer Bill Morgan added that the SEC has used terms like ‘crypto asset securities’ and ‘crypto securities markets’ to push an agenda. He asserts the SEC is spreading propaganda.Morgan cleared that these terms are not found in the US securities legislation. Also, the SEC cannot and will not define these terms as they believe no rulemaking is needed for crypto.“The SEC produced a definition of crypto asset securities instead of just using the term the market would have some criteria to decide whether a crypto is a crypto asset security. But the SEC cannot even tell Congress whether #ETHEREUMS is a security. It doesn’t even have a definition for its own terms.”Meanwhile, Coinbase knocks on the court’s door as the SEC has officially denied the request for crypto rulemaking. The SEC claimed “existing securities laws apply to cryptocurrencies, “SEC addresses the crypto securities markets through rulemaking as well,” and “it is important to maintain Commission discretion in setting its own rulemaking priorities.”🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. #BinanceTournament @WISE CRYPTO NEWS

Charles Hoskinson, the founder of the Cardano blockchain, has recently expressed that Vitalik Buterin, one of the founders of Ethereum, has an 18% chance of becoming a prisoner.
Read more on: https://thecryptobasic.com/2023/12/04/cardano-founder-says-vitalik-buterin-has-18-chance-of-a-prison-sentence/
#CardanoUpdate #ETHEREUMS #cryptocurreny #CryptoCommunityWatch #CryptoNews🔒📰🚫