🎉 SEC Ends Ethereum Probe! No More Legal Worries for ETH 🚀
The United States Securities and Exchange Commission (SEC) has officially ended its investigation into Ethereum, the world's second-largest cryptocurrency. This means Ethereum developers and users can now breathe easy, knowing that the SEC will not claim that buying or selling ETH is like trading stocks or bonds.
Standard Charter Analyst Kendrick Geoffrey predictions after #ETHETF
Simply Explained
1. Future ETFs for Other Cryptos: Analyst Geoffrey Kendrick predicts that other cryptocurrencies like Solana (SOL) and Ripple (XRP) may get their own ETFs by 2025.
2. Political Support for Crypto: There's growing political support for the crypto industry in the U.S., marking a significant shift.
3. Bitcoin and Ether Dominance: Bitcoin (BTC) and Ether to dominate the market, with BTC potentially reaching $150,000 by the end of the year.
4. Inflow Expectations: Spot bitcoin ETFs are anticipated to attract significant investment, and ether ETFs could see inflows of $15-$45 billion within a year.
5. Trading Timeline: ETH ETFs are expected to start trading next month, pending final approvals.
6. Price Projections: Kendrick maintains his ETH price target of $8,000 by the end of the year.
7. Market Validation: The approval of ETH ETFs by the SEC further validates the crypto industry.
Day 10: Cryptocurrency explained from basic to advanced level #learn2earn
Every One is talking about the Ethereum ETF let me tell you what is ETF and then about the Ethereum ETF.
ETF (Exchange Traded Funds) is a type of investment that is traded on stock exchange much like an Individual stock but it holds a collection of different assets such as Stocks, bonds or commodities allowing investors to diversify their investments.
There are speculation that the Ethereum ETF is going to pass on Thursday let's hope for the best.
As this week ends for our daily learning of cryptocurrency from Basic to Advanced level.
What we have covered this week so far :
1. What is Cryptocurrency ? 2. What is a decentralized network and block chain technology ? 3. History of Cryptocurrency 4. Types of Cryptocurrency 5. How does your wallet works ?
if you haven't seen my early post you can directly see them in the profile.
Day 7: Cryptocurrency explained from basic to advanced level #learn2earn
Have you ever imagined how your wallet works :
The wallet doesn't have any coins instead it holds the key to their coins which are stored in block chains.
The wallet stores two types of keys of the user public key and a private key. A public key is like a bank account number can be shared but a private key like a password which is kept a secret.
When sending tokens, a user’s private key signs the transaction and broadcasts it to the blockchain network. The network then includes the transaction to reflect the updated balance in both the sender’s and recipient’s address.
Day 6: Cryptocurrency explained from basic to advanced level #learn2earn
Types Of Cryptocurrency
1. Bitcoin: Digital Gold and the medium of Exchange. 2. Altcoins: Purpose Depends on Specific Coins e.g. Litecoins, Ripple, Monaro 3. Stable Coins: Reduce Volatility and Provide a Stable Store of value e.g. Tether, USD Coin, Dai 4. Utility Tokens: Helps in operation within their ecosystem e.g. Ethereum, Binance 5. Security Tokens: It is Similar to the traditional securities e.g. tZERO , Polymath(POLY) . 6. Governance Tokens: Grant the Holders voting rights in the block chain project e.g. Uniswap(UNI) , Maker(MKR)
Day 5 : Cryptocurrency explained from basic to advanced level #learn2earn History Of Cryptocurrency
1983: David Chaum introduces "eCash," an early form of digital currency. 1998: Wei Dai proposes "b-money," a concept for anonymous electronic cash. 2008: Satoshi Nakamoto publishes the Bitcoin whitepaper. 2009: Bitcoin network is launched. 2011: Introduction of other cryptocurrency like Litecoin and Namecoin. 2013: Bitcoin price exceeds $1,000, Vitalik Buterin proposes Ethereum. 2015: Ethereum launches, introducing smart contracts. 2017: Bitcoin reaches nearly $20,000. 2018: Regulatory scrutiny increases, global governments begin to regulate cryptocurrency. 2021: Major companies invest in Bitcoin, NFTs become popular.
Day 4: Cryptocurrency explained from basic to advanced level #learn2earn
How Block Chain Technology Works.
Blockchain technology works by recording transactions in a decentralized and transparent manner across a network of computers.
In Simple words imagine a chain of connected blocks where each block contains the list of transactions. Each time a new transaction occurs, which adds the latest block in the chain. This creates an unchangeable record of transactions.
Day 3: Cryptocurrency explained from basic to advanced level #learn2earn
How Cryptocurrency is different from Fiat( Notes And Coins) Currency.
While the fiat currency are centralized and regulated by the banks and government bodies but crypto likes Bitcoin and Ethereum are regulated by decentralized block chain Network. Fiat Currency can take time for the transaction because issued by central authorities whereas crypto offers faster and more efficiently.
After the end of the week we will do the revision also and soon I will post some trending news as well.