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Binance CEO Forecasts Spot Ethereum ETFs Bringing Steady Capital Inflow, Downplays Dramatic Impact
The Binance CEO said that the Spot ETH ETF could make investing in the digital currency more accessible and attractive to more investors. The launch of Ethereum exchange-traded funds (ETFs) is getting closer, and many experts are weighing in on its potential impact on ETH price. Richard Teng, the CEO of Binance, expressed doubt about the initial impact. Teng revealed that Ethereum ETFs might not make an immediate impact but could bring a lot of steady investment over time. He further said that launching these exchange-traded funds is an important step for the Ethereum network and the whole cryptocurrency market....
Immutable to Retire its NFT Marketplace
By Philip Maina 4 days agoFri Aug 09 2024 09:55:19 Reading Time: 2 minutes Immutable has announced that it’s shutting down its NFT marketplace Immutable disclosed that it’ll focus on creating stronger partnerships in the web3 space The platform said it intends to close the marketplace by August 13 Web3 gaming-focused network Immutable has revealed that it’s shutting down its NFT marketplace and shifting its focus to building partnerships within the ecosystem. According to the network, the marketplace “was built as a showcase of […] Immutable SDK (software development kit)” features, adding that it has achieved its mission. Immutable noted...
Bitcoin is a competitor for gold, not the U.S. dollar, Fed Chair Jerome Powell says
In This Story While cryptocurrency fans like to float Bitcoin as a possible replacement for the U.S. dollar, Federal Reserve Chair Jerome Powell doesn’t quite see it that way. Suggested Reading AI trip planners will soon be better than human travel agents, Booking Holdings CEO Glenn Fogel said Suggested Reading Speaking at The New York Times ( NYT +1.19% ) DealBook Summit in Manhattan Wednesday, the central banker said Bitcoin is a speculative asset like gold, rather than something comparable to a currency. “It’s just like gold only it’s virtual,” Powell said. “People are not using it as a form...
