Floki DAO Burns $129 Million Tokens, Builds Schools in Ghana

• Floki, a meme coin project on BNB Chain, has commissioned a school building in Ghana in collaboration with Pencils of Promise, a non-profit organization.
• The Floki team incorporated each of its school projects with six blocks of classrooms, with one of those blocks fully built for the computer laboratory.
• On January 28, the Floki DAO approved proposals to burn at least 4.97 trillion FLOKI tokens on a cross-chain bridge and reduce the network transaction tax to 0.3%.

Floki Builds School In Ghana

Floki, a meme coin project on BNB Chain, has commissioned a school building in Ghana in collaboration with Pencils of Promise, a non-profit organization. Every school project included six classroom blocks, with one block built as a computer lab. The charity work is part of Floki’s three pillars which include fostering education and impacting lives in underdeveloped nations such as Laos and Guatemala.

Approved Proposals To Burn Tokens And Reduce Tax Transactions

On January 28, the Floki DAO approved proposals to burn at least 4.97 trillion FLOKI tokens on a cross-chain bridge and reduce the network transaction tax to 0.3%. More than 99% of community members voted for these proposals and they will be put into effect starting February 9th.

Supporting Education Through Malasian Crypto Protocol

The crypto protocol hopes to leverage this initiative to enhance crypto and metaverse education to boost their adoption while supporting educational efforts around the world through its Malaysian crypto protocol backed by various organizations like Tabitha Cumi Foundation (backed by the United Nations & Embassy of Japan) and Pencils Of Promise (a non-profit humanitarian organization).

Burning Tokens Worth $129 Million At Press Time

The token burning is estimated at $129 million worth at press time which could bring major positive impacts for global communities that are being supported by this initiative from Floki’s side .

Positive Impacts From Token Burning

The token burning is expected to bring many positive impacts for global communities that are being supported by this noble initiative from Floki’s side . This shows how cryptocurrency projects can make significant contributions towards social good causes worldwide .

Crypties 2022: Celebrating Crypto’s Best and Brightest

– Decrypt Studios held the inaugural Crypties awards gala in December 2022 at Art Basel in Miami, featuring emcee Josh Ostrovsky and a range of presenters.
– Katrina Wolfe accepted the Cryptie for Crypto Unicorns from presenter Avery Akkineni of Vayner3 at the event.
– Onstage panels and interviews at conferences and summits included Tezos co-founder Kathleen Breitman discussing proof-of-stake merge, and a panel on raising venture money during Crypto Winter.

In December 2022, Decrypt Studios held the inaugural Crypties awards gala at Art Basel in Miami, an event to celebrate the best in blockchain and cryptocurrency related projects. The night was hosted by Josh Ostrovsky, better known as “The Fat Jewish”, and featured presenters from a range of crypto projects. The evening was sponsored by Polygon, Filecoin Foundation, Lamina1, Async, BeetsDAO, The Gold Mask, Gem Set, Breakout, Anonymous, Infinite Objects, Ape Water, Decentralized Pictures, and Vault 721.

The night was not only a celebration of the projects and people that have made the crypto and blockchain space what it is today, but a chance to recognize the best projects of the year. Katrina Wolfe accepted the Cryptie for Crypto Unicorns from presenter Avery Akkineni of Vayner3, beating out other nominees Stepn, Zed Run, and Blankos Block Party.

The night also featured onstage panels and interviews from conferences and summits. Tezos co-founder Kathleen Breitman discussed the proof-of-stake merge, her admiration for Tendermint, Ethereum and sharding, progressive decentralization, and NFT gaming with Decrypt’s Stephen Graves at Web Summit in Lisbon. Clay Robbins of Slow Ventures, Soona Amhaz of Volt Capital, Sarah Guo of Conviction and formerly Greylock, and Alex Strzesniewski of AngelBlock joined Decrypt’s Jason Nelson at 0xpo Summit in San Francisco to discuss raising venture money even during Crypto Winter.

The Crypties 2022 was a night to remember, bringing together the best and brightest of the cryptocurrency and blockchain space to honor the projects and people that have made the industry what it is today. With a star-studded lineup of presenters and a lineup of diverse and innovative projects, it was a night to celebrate the successes of the past year, and to look forward to the future of the industry.

Crypto Innovations and Misconceptions Highlighted at 0xpo and Crypties Events

Bullet Points:
– Blocknative CEO Matt Cutler discussed Blocknative’s business and other misconceptions in the crypto space at 0xpo Crossroads in San Francisco.
– The Crypties 2022 awards gala was held at Art Basel in Miami, sponsored by a range of crypto projects.
– Tezos co-founder Kathleen Breitman discussed proof-of-stake mechanisms, sharding, and NFT gaming at Web Summit in Lisbon, while Clay Robbins of Slow Ventures, Soona Amhaz of Volt Capital, Sarah Guo of Conviction and AngelBlock spoke about raising in a bear market at 0xpo Summit.

At 0xpo Crossroads in San Francisco on November 3, Matt Cutler, the CEO of Blocknative, sat down with Decrypt’s Jason Nelson to discuss his Web3 origin story and Blocknative’s business. He also highlighted some of the misconceptions in the crypto space. Later that month, the inaugural Crypties awards gala was held at Art Basel in Miami, with emcee Josh Ostrovsky („The Fat Jewish“) and presenters from a range of crypto projects, including Polygon, Filecoin Foundation, Lamina1, Async, BeetsDAO, The Gold Mask, Gem Set, Breakout, Anonymous, Infinite Objects, Ape Water, Decentralized Pictures, and Vault 721.

The event highlighted the most innovative projects and teams in the crypto space, while also recognizing the people and companies that have made a lasting impact on the industry. Kathleen Breitman, the co-founder of Tezos, spoke at Web Summit in Lisbon about how the Tezos blockchain has been using a proof-of-stake mechanism since its inception, her admiration for Tendermint, Ethereum and sharding, progressive decentralization, and NFT gaming.

Finally, at 0xpo Summit, Clay Robbins of Slow Ventures, Soona Amhaz of Volt Capital, Sarah Guo of Conviction and AngelBlock, discussed raising in a bear market. They highlighted the importance of having a strong network of partners and advisors, as well as the need for a balanced approach to capital raising. They discussed how, even in a bear market, there is still money available, and that raising capital can be done without sacrificing too much equity.

Overall, the events were a great success, showcasing some of the latest innovations in the crypto space and highlighting the importance of raising capital in a bear market. They also provided insights into the industry, and the need to remain aware of potential misconceptions in the crypto space.

Crypto Companies: Get Legal Advice Before Launching for Compliance

• Lisa Rubin, a blockchain attorney with Paul Hastings, sat down with Decrypt’s Jason Nelson at 0xpo Crossroads in San Francisco to discuss legal misconceptions the industry still holds.
• Rubin advised crypto companies to seek legal advice before launching their projects.
• The panel also discussed the importance of staying up to date with regulations in the blockchain industry.

Crypto companies need to take legal advice seriously before launching their projects. This was the advice of Lisa Rubin, a blockchain attorney with Paul Hastings, during her discussion with Decrypt’s Jason Nelson at 0xpo Crossroads in San Francisco on November 3.

Rubin’s advice was based on her experience representing clients in the blockchain industry. She said that one of the biggest mistakes she sees crypto companies make is overlooking the legal implications of their projects. Rubin encouraged companies to seek legal advice before starting their projects to ensure that their businesses are in compliance with the latest laws and regulations.

The panel also discussed the importance of staying up to date with regulations in the blockchain industry. Rubin noted that the laws governing blockchain technology can change quickly, and companies need to be prepared to modify their operations accordingly. She also highlighted the importance of consulting with an experienced attorney to ensure that the company is compliant with all applicable laws.

Rubin also underscored the importance of understanding the various types of token offerings. Rubin explained that different types of tokens, such as utility tokens, security tokens, and non-fungible tokens, must comply with different types of regulations. She also noted that different jurisdictions can have drastically different laws governing token offerings.

Overall, Rubin’s advice to crypto companies was to get legal advice before launching their projects. Companies should consult with an experienced attorney to ensure that their businesses are compliant with all applicable laws and regulations. Additionally, companies should stay up to date with the ever-changing legal landscape of the blockchain industry in order to avoid potential legal issues.

Exploring the Possibilities of NFTs: Storytelling and Gaming Come Alive

• Jason Michael Primrose, Amanda Terry, Artemysia-X, and Kas Vegas discussed how their work utilizes NFTs for storytelling at Camp Decrypt.
• The Crypties 2022 awards gala was held in December at Art Basel in Miami, with emcee Josh Ostrovsky and presenters from crypto projects.
• Kathleen Breitman talked about how the Tezos blockchain has used a proof-of-stake mechanism, her admiration for Tendermint, Ethereum and sharding, progressive decentralization, and NFT gaming at Web Summit in Lisbon.

At Camp Decrypt, a lively panel was held to discuss how NFTs are being used for storytelling. Moderated by What’s Trending podcast host Shira Lazar, the panel featured Jason Michael Primrose, author of „Lost Children of Andromeda“; Amanda Terry of Metagood and ACTAI Ventures; Artemysia-X of Rug Radio program LorePlay; and Kas Vegas of NFT INT, Huxley, and Feature.io. Each spoke of their own experiences and projects in utilizing NFTs for storytelling, and Primrose even revealed his own project, a novel that incorporates NFTs into the narrative.

In December of 2022, Decrypt Studios held the inaugural Crypties awards gala at Art Basel in Miami. Hosted by Josh Ostrovsky („The Fat Jewish“), the evening was sponsored by Polygon, Filecoin Foundation, Lamina1, Async, BeetsDAO, The Gold Mask, Gem Set, Breakout, Anonymous, Infinite Objects, Ape Water, Decentralized Pictures, and Vault 721. Numerous crypto projects were featured during the gala, with nine categories and statuettes awarded to the winners.

Finally, at Web Summit in Lisbon, Kathleen Breitman, co-founder of Tezos, spoke about the blockchain’s use of a proof-of-stake mechanism, her admiration for Tendermint, Ethereum and sharding, progressive decentralization, and NFT gaming with Decrypt’s Stephen Graves. She was especially excited about the potential for NFT gaming, envisioning a future with fully immersive experiences that integrate augmented and virtual reality.

Overall, these events provide a glimpse of how NFTs are being used to tell stories and create experiences. From Camp Decrypt to the Crypties awards gala to Web Summit, the possibilities of NFTs are being explored and expanded. As more projects begin to incorporate NFTs into their work and more developers and creators begin to explore the potential of this technology, the future of storytelling and gaming is sure to be an exciting one.

Indische Krypto-Börsen bereiten Werbung für die Festtage vor

Die indischen Börsen fordern die Einheimischen auf, in der bevorstehenden Weihnachtszeit Bitcoin zu kaufen und zu verschenken.

Indische Krypto-Börsen bereiten Werbeblitz für die Festtage vor

Um die Feiertage in Indien zu feiern, versuchen Kryptowährungsbörsen, Einzelhändler mit aggressiven Marketingkampagnen und dem Verschenken von Kryptowährungen zu locken.

Für die diesjährige hinduistische Feiertagssaison, die am 10. September begann, ermutigen die Kryptobörsen die Bürger, Bitcoin als Geschenk zu wählen, anstatt die traditionelle Wahl zu dieser Zeit des Jahres – Gold.

Sathvik Vishwanath, der Mitbegründer der beliebten Krypto-Börse Unocoin, sagte der Economic Times, dass, wenn man es richtig angeht, „Bitcoin und Geschenkgutscheine eine interessante Option für die Nutzer sein können, die man in Betracht ziehen sollte, da in der gesamten Branche mehr Aufmerksamkeit erwartet wird.“ Ebenso ist Ripple (XRP) kaufen mit Kreditkarte möglich.

Die Börse hat sich mit E-Commerce-Websites zusammengeschlossen, um Kunden die Möglichkeit zu geben, Prepaid-Geschenkgutscheine für Online-Einkäufe mit Bitcoin zu erwerben.

Die konkurrierende Börse WazirX, die für diesen Monat eine Reihe von Produkteinführungen geplant hat, zielt ebenfalls auf Krypto-Geschenke in der Weihnachtszeit ab

„Krypto-Geschenke sind Teil unserer Produkt-Roadmap“, sagte Rajagopal Menon, Vizepräsident für Marketing bei der Börse. WazirX hat sein Team in diesem Jahr von 50 auf über 200 Mitarbeiter aufgestockt und plant eine weitere Expansion während der Festtage.

Die Marketingmaßnahmen kommen zu einer Zeit, in der es in Indien noch immer an regulatorischer Klarheit mangelt, da die Gesetzgeber die Umsetzung von Gesetzen weiterhin hinauszögern. Es könnte jedoch etwas Licht am Ende des Tunnels geben, da neue Gesetze in Arbeit sind.

In einer Rede auf einem virtuellen Blockchain-Gipfel in der vergangenen Woche sagte der Vorsitzende des ständigen Finanzausschusses des indischen Parlaments, Jayant Sinha, dass die kommenden Krypto-Vorschriften nicht wie die in El Salvador sein werden, sondern von den Bedenken der nationalen Sicherheit dominiert werden und ein Gleichgewicht zwischen Stabilität und Wachstum anstreben werden.

Sinha äußerte auch Bedenken hinsichtlich des Missbrauchs von Krypto-Vermögenswerten für Geldwäsche und Terrorismusfinanzierung.

Der ehemalige stellvertretende Gouverneur der indischen Zentralbank, Rama Gandhi, sprach auf der gleichen Veranstaltung und forderte die Gesetzgeber auf, Klarheit über die Anlageklasse zu schaffen. Er erklärte auch, dass Kryptowährungen als Vermögenswerte oder Waren und nicht als Währungen behandelt werden sollten.

El precio del Bitcoin se aleja de la zona de máxima seguridad por encima de los 58.000 dólares

A pesar de haberse quedado a unos cientos de dólares de un nuevo récord de la ATH, el bitcoin ha retrocedido por debajo de los 57.000 dólares, mientras que el BNB no ha logrado superar los 300 dólares con decisión.

El bitcoin estuvo más cerca de alcanzar un nuevo máximo histórico hace unas horas, pero fracasó, y el posterior rechazo llevó al activo por debajo de los 57.000 dólares. La mayoría de las monedas alternativas se han mantenido relativamente tranquilas en una escala de 24 horas a pesar de la fuerte volatilidad experimentada en los últimos días.

Bitcoin se quedó a un 0,43% de un nuevo ATH

Parece que las caídas de precios de la semana pasada en las que el bitcoin se sumergió hasta los 43.000 dólares han quedado atrás para la criptodivisa. Esta semana el activo ha tenido una impresionante racha que ha superado varios hitos notables.

Sin embargo, una cosa que BTC no ha logrado (hasta ahora) es romper el récord histórico de 58.400 dólares pintado a mediados de febrero. El activo se quedó a un 2% hace unos días y aún más cerca hoy mismo.

Los datos de Bitstamp sugieren que el máximo intradía del bitcoin se situó en 58.150 dólares, es decir, a sólo 250 dólares del récord (0,43%). Sin embargo, al llegar a ese punto, los osos tomaron el control y llevaron a la criptomoneda principal hacia el sur, hasta su nivel actual de aproximadamente 56.500 dólares.

Los indicadores técnicos sugieren que el primer obstáculo de BTC en su camino hacia un territorio inexplorado se encuentra en 57.686 dólares. Si se supera, la siguiente resistencia se encuentra en 58.355 $.

Alternativamente, los niveles de soporte en $55,080, $53,980 y $52,580 podrían ayudar en caso de una nueva ruptura del precio.

Calma en las altcoins tras la tormenta

Ayer fue un día de gran volatilidad para la mayor parte del mercado de altcoins, pero la situación parece más tranquila ahora. Ethereum subió hasta los 1.850 dólares, pero ha retrocedido desde entonces y actualmente se encuentra por debajo de los 1.800 dólares.

Binance Coin experimentó una repentina subida cuando BNB alcanzó un nuevo máximo de 3 semanas de 315 dólares. Sin embargo, al igual que ETH, el activo retrocedió de forma algo brusca y ahora se encuentra por debajo de los 280 dólares.

En una escala de 24 horas, Polkadot, Cardano y Ripple han registrado pérdidas menores, mientras que UNI (2%) y Litecoin (5%) son los que más han ganado de los diez primeros.

Se observan más fluctuaciones en las altcoins de menor y mediana capitalización. SKALE Network ha entrado en el top 100 tras una subida del 100% en un día y del 300% en una semana, hasta los 1,10 dólares.

Le siguen Chiliz (75%), Polygon (55%), Theta (50%), NEAR Protocol (32%), Zilliqa (32%), Enjin Coin (24%), CRO (13%) y Solana (12%).

En cambio, NEM es la que más valor ha perdido desde ayer: un 26%. Le siguen Fantom (-10%), The Graph (-10%), REN (-9%), Nano (-8%) y Synthetix (-7%).

 

Tesla, Bitcoin und der Kryptoraum: Die Show Musk geht weiter? Experten antworten

Dies ist, was Experten der Krypto- und Blockchain-Branche über Teslas jüngste Investition von 1,5 Milliarden US-Dollar in Bitcoin denken.

Während 2020 für Bitcoin ( BTC ) ein bedeutendes Jahr war, steckt das gerade erst begonnene Jahr 2021 bereits voller großer Überraschungen

Am 8. Februar stieg der Preis von Bitcoin innerhalb von Minuten um fast 3.000 USD , dann stieg er innerhalb von 24 Stunden um 20% – alles aufgrund der Nachricht, dass Elon Musks Tesla BTC 1,5 Mrd. USD seiner Bilanz zugewiesen hatte.

In derselben Woche kündigte die älteste Bank der Vereinigten Staaten, die Bank of New York Mellon, Pläne an, Bitcoin zu halten, zu übertragen und auszugeben. Mastercard plant außerdem, im Jahr 2021 Kryptowährungen für seine fast 1 Milliarde Benutzer zu unterstützen. Und SEC-Kommissar Hester Peirce, in der Crypto-Community allgemein als „Crypto Mom“ bezeichnet, unterstrich sogar die dringende Notwendigkeit regulatorischer Klarheit aufgrund der jüngsten Ereignisse im Weltraum.

Wird mit PayPal, Tesla, Mastercard, BNY Mellon und anderen, die in die Kryptosphäre eintreten, nicht klarer als je zuvor, dass digitale Assets jetzt Teil des Mainstreams sind? Dass ihre Massenadoption begonnen hat und es um die Gegenwart geht, nicht um die Zukunft?

Im vergangenen Jahr befragte Cointelegraph Experten aus der Krypto- und Blockchain-Branche nach ihrer Meinung zur Kryptointegration und Massenakzeptanz von PayPal sowie zur Bedeutung von 2020 in der Geschichte von Bitcoin . Diesmal stellt sich die Frage: Was bedeutet Teslas jüngste Investition von 1,5 Milliarden US-Dollar in Bitcoin für den Kryptoraum im Hinblick auf die Finanzmärkte, für die Kryptoakzeptanz und den Markenaufbau sowie für die gesamte Branche im Allgemeinen?

Alex Tapscott, Geschäftsführer bei Ninepoint Partners:

„Teslas Kauf von Bitcoin hat zweifellos eine Schockwelle durch die Eckbüros aller Finanzchefs und Schatzmeister in Amerika und darüber hinaus ausgelöst. Einer der vielen Vorteile von Bitcoin besteht darin, dass es wie digitales Gold wirkt, Unternehmensbeteiligungen diversifiziert und das Währungsrisiko senkt. Jeder Finanzmanager sollte seine Stifte spitzen, um zu verstehen, ob und wann er sie kaufen sollte.

Tesla ist zwar nicht die erste Aktiengesellschaft, die Bitcoin für ihre Staatskasse kauft, aber bei weitem die wichtigste. Wie poetisch ist es, dass Elon Musk, ein Weltraumunternehmer, Bitcoin auf seine Fluchtgeschwindigkeit in Amerika gebracht hat!

Die Entscheidung von Tesla folgt einer Reihe hochkarätiger Ankündigungen großer Unternehmen, die zu einem Muster der Beschleunigung der institutionellen und Unternehmensakzeptanz passen. Ebenso bedeutsam für die Allokation der Staatskasse war Teslas Entscheidung, Bitcoin zu akzeptieren. Dies folgt den Spuren mehrerer anderer großer innovativer Unternehmen wie PayPal, Visa und anderer, die eine Autobahn zur Masseneinführung von Bitcoin bauen und nicht nur den Kauf und Verkauf von Bitcoin, sondern auch die Integration in ihre Händlernetzwerke ermöglichen. Bis Ende 2021 würde ich erwarten, dass viel mehr Unternehmen nicht nur Bitcoin halten, sondern auch eine echte Bitcoin-Strategie verfolgen. “

Da Hongfei, Gründer von Neo und Gründer und CEO von Onchain:

„Dies ist ein vielversprechendes Zeichen für das Interesse des Mainstreams und seine zunehmende Bereitschaft, Blockchain zu akzeptieren. Darüber hinaus wird bestätigt, dass Blockchain und Bitcoin für die Zukunft erhalten bleiben.

Im Laufe des Jahres 2020 investierten immer mehr Finanzinstitute in Bitcoin, und ich bin zuversichtlich, dass sich die Einführung von Blockchain beschleunigt, wenn sich das globale Finanzparadigma ändert, um die Digitalisierung und Dezentralisierung vollständig zu unterstützen. In Zukunft müssen wir weiterhin auf effektive Standards in der gesamten Branche sowie auf eine stärkere Integration drängen, um das bahnbrechende Potenzial der Blockchain voll auszuschöpfen. “

Bitcoin Bull dice che chi aspetta di „comprare il tuffo“

Bitcoin Bull dice che chi aspetta di „comprare il tuffo“ alimenterà la pompa da $50k a $100k

Un toro Bitcoin e fondatore della Capriole Investments Charles Edwards dice che chi aspetta di comprare il prossimo toro Bitcoin o aspetta la prossima correzione finirà per alimentare la pompa da 50 mila dollari a 100 mila dollari. Questo sta arrivando sulla scia del prezzo Bitcoin che supera i 30.000 dollari. Il prezzo è diventato un livello di prezzo psicologico come i famosi 10.000 dollari, dove ci si aspettava un ritiro.

Una previsione di un ritiro a 30.000 dollari è stata fatta da un importante analista, Timothy Peterson, che ha detto che il panico sarebbe iniziato quando il prezzo sarebbe arrivato. Ha anche affermato che un ritiro potrebbe essere in vista quando il prezzo arriverà, ma non prima. Krypto ha Bitcoin Revolution comunque superato quel livello nel giro di poche ore e ora commercia a quasi 33.000 dollari. Sembrerebbe quindi che chi aspetta un calo attenderà un po‘ di tempo.

Questo è chiaramente inaspettato, dato che la comunità Bitcoin non ha mai visto nulla di simile prima d’ora. Prima della fine del 2020, molti analisti hanno paragonato l’anno 2020 al 2017 a causa del mercato dei tori che ha portato al prezzo più alto di tutti i tempi del 2017 di circa 20.000 dollari. Tuttavia, con il passare del tempo, è diventato chiaro che il mercato dei tori in corso non è lo stesso del 2017 per molte ragioni.

Bitcoin Bull dice che chi aspetta di „comprare il tuffo“ alimenterà la pompa da $50k a $100k

In primo luogo, il mercato dei tori del 2017 è stato guidato dall’hype per le crittocorse. Il mercato dei tori in corso, d’altra parte, si dice sia guidato principalmente dall’adozione da parte degli investitori sia per i privati che per le aziende. Questo potrebbe essere il motivo per cui il prezzo ha rotto diverse resistenze senza sforzo e ha raggiunto nuovi massimi di tutti i tempi a volte quotidianamente per molti giorni di fila.

L’anno 2021 è ricominciato su questa ottima nota con Bitcoin che ha superato i 30.000 – quasi 33.000 dollari in poche ore. Alcuni analisti sono dell’opinione che l’anno sia quello del cripto. Anche grandi banche come Citibank hanno previsto che il prezzo potrebbe superare significativamente i 300.000 dollari entro la fine dell’anno. Con un inizio così interessante, sarà interessante vedere come andranno le cose con il passare dell’anno.

Next investment firm applies – the race for Bitcoin ETF is entering the next round

Similar to 2018, several investment firms are currently applying for a Bitcoin index fund with the SEC.

Valkyrie Digital Assets brings back memories of 2018, because the investment firm has now also applied for a Bitcoin index fund (ETF) with the US Securities and Exchange Commission.

This means that the race for a Bitcoin ETF has fully flared up again, as it was two years ago

The Texas-based investment firm applied on Friday to list the Valkyrie Bitcoin Trust on the New York Stock Exchange (NYSE). However, no ticker symbol is shown in the application.

However, the chances that the application will be granted are slim, because during the last Immediate Bitcoin record run several investment firms tried to get a Bitcoin ETF approved, including established ETF traders such as VanEck, Direxion and the Gemini crypto exchange, run by the Winklevoss twins.

In a previous interview with Cointelegraph, cryptoin CEO Donnie Kim, whose company had entered a Bitcoin ETF in October 2019, confirmed that the SEC is reluctant to wave through applications.

So he said at the time:

“First of all, the stock exchange supervisory authority wants to learn to understand this new asset class, which is why it uses delaying tactics to create waiting time. With this she wants to find out on the one hand which problems arise from existing Bitcoin financial products and on the other hand she hopes for legal requirements from politics. “

Although the American stock exchange regulator is known to react negatively, investment firms keep trying to get a Bitcoin ETF approved, especially in times of crypto hype .

On January 21, asset management company VanEck, which was one of the first investment firms to ever apply for a Bitcoin ETF, submitted another application to the SEC, whereby companies from the crypto industry are to be mapped in the relevant index fund.

Although no Bitcoin ETF has yet been approved in the USA, the Swiss Exchange has already listed several Bitcoin ETPs that are similar to an ETF. In addition to comparable crypto investment products from Grayscale, an Ethereum ETF was recently issued in Canada , which is very popular.