#EthereumCommunity

[unpluggedfinancial]

The SEC Approves Spot Ethereum ETFs: A Game-Changer for the Crypto World

The crypto community is buzzing with excitement as the U.S. Securities and Exchange Commission (SEC) has finally approved spot Ethereum ETFs, set to begin trading this Tuesday. This landmark decision marks a significant milestone for Ethereum and the broader cryptocurrency market, potentially ushering in a new era of mainstream adoption and financial innovation.

Understanding Spot ETFs

What is a Spot ETF?

A spot Exchange-Traded Fund (ETF) is an investment vehicle that holds the actual commodity or asset—in this case, Ethereum—rather than derivatives like futures contracts. This means that when investors buy shares of a spot Ethereum ETF, they are essentially buying shares backed by actual Ethereum holdings.

Spot ETFs vs. Futures ETFs

Unlike futures ETFs, which are based on contracts that speculate on the future price of Ethereum, spot ETFs offer a direct exposure to the current price of Ethereum. This distinction is crucial as it provides a more straightforward and less speculative way for investors to gain exposure to Ethereum.

The Road to Approval

The approval of spot Ethereum ETFs comes after a long journey of regulatory scrutiny and multiple attempts by various firms to bring such products to market. Previous attempts were often met with rejection due to concerns over market manipulation and the lack of robust market surveillance.

However, growing institutional interest and advancements in market infrastructure have addressed many of these concerns, paving the way for the SEC's approval. This decision reflects a shift in regulatory perspective, acknowledging the maturation and increased legitimacy of the crypto market.

Implications for Ethereum

In the long run, the availability of spot ETFs is likely to boost Ethereum's adoption and utility. It makes Ethereum more accessible to a broader range of investors, including those who prefer traditional investment vehicles over direct crypto holdings. This increased accessibility could lead to greater liquidity and stability in the Ethereum market.

Broader Impact on the Crypto Market

Influence on Other Cryptocurrencies

The approval of spot Ethereum ETFs sets a precedent that could benefit other cryptocurrencies. With Bitcoin spot ETFs already available, Ethereum's addition could pave the way for more altcoins to be considered for similar investment products. This diversification could lead to a more mature and stable crypto market.

Market Confidence

Regulatory approval of spot ETFs can significantly boost market confidence, attracting institutional investors who have been hesitant due to regulatory uncertainties. This influx of institutional capital could drive further growth and innovation within the crypto space.

Regulatory Landscape

A Positive Signal from the SEC

The approval signals a more favorable stance from the SEC towards cryptocurrencies, suggesting a willingness to adapt and embrace financial innovation. This could lead to more supportive regulatory frameworks that encourage the growth of the crypto industry while ensuring investor protection.

Future Regulatory Decisions

This move might also influence future regulatory decisions, potentially accelerating the approval of other crypto-related financial products. A more open regulatory environment could foster innovation and competition, benefiting both investors and the broader financial ecosystem.

Investor Perspectives

Increased Accessibility

For investors, the introduction of spot Ethereum ETFs offers a more accessible and regulated way to invest in Ethereum. This could attract a new wave of investors who were previously wary of the complexities and risks associated with direct crypto investments.

Diversification Opportunities

Spot ETFs also provide a valuable diversification tool for portfolios, allowing investors to gain exposure to the crypto market without directly holding cryptocurrencies. This can help mitigate risks and enhance portfolio performance.

Conclusion

The SEC's approval of spot Ethereum ETFs marks a pivotal moment for the crypto world. As these ETFs start trading on Tuesday, the landscape of crypto investments is set to change dramatically. Increased accessibility, market confidence, and regulatory support are just a few of the positive outcomes we can anticipate. This milestone not only bodes well for Ethereum but also signals a promising future for the broader cryptocurrency market, building on the foundation laid by existing Bitcoin ETFs.

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[cryptoknowmics]

✅Ethereum Community Calls Out Programmatic Proof of Work Concept ✅

 Read Out More 👉 https://www.cryptoknowmics.com/news/ethereum-community-calls-out-programmatic-proof-of-work-concept?utm_source=tumblr&utm_medium=Sakshi&utm_campaign=Promotion

[weekinethereum]

December 21, 2017

Ethereum News and Links

Protocol

FunFair's Jeremy Longley: An Approach for Turing-Complete State Channels

Alex Miller proposes Trusted Relay Networks. Linear scaling by using a separate chain pegged to the mainchain. As name suggests, it requires trusting the relayer though there are some ways to mitigate that. Whitepaper.

Vitalik: notes on blockchain governance concludes that Ethereum's current governance is least bad among the alternatives.

Doug Petkanics argues that PoS protocols should dynamically alter the issurance to target participation

Vlad Zamfir tweetstorm on protocol tradeoffs

Latest Casper standup call

Hsiao-Wei Wang's sharding concept.

Reddit thread with lots of explanations and ELI5 on sharding.

Dec 15 core dev call. Hudson's notes on the last two core dev calls.

Stuff for developers

Reitwiessner: Writing code new low level language IULIA

A random number generator for Rinkeby

ERC801: Warrant Canary interface

Gitcoin Chrome extension lets you see bounties while you browse Github

ABI to TypeScript generator from 0x

web3j spring boot starter

Efficient full multiplication in Solidity

Mark Beylin and Mike Goldin: a generalized mechanism for staking and arbitration

Ecosystem

Maker's Dai stablecoin is now live.  They also sold $12m in Maker to funds.

Ethereum reached about 1.1m transactions per day.  Not too shabby.  r/ethereum passed 200k subscribers this week and is now at 215k.  MetaMask passed 500k active installs a few days ago.

Vitalik: a quick gas price analysis

Etherdelta DNS got hacked.  Check that it's ok before visiting.

/r/EthereumCommunity - "a sub for community-driven projects/events & all things Ethereum"

A call for more more --lightserve nodes

DIscussion on the CFTC’s definition of "physical delivery" for a digital currency by Nick Fett, ex-CFTC staffer.  Also: his vision for decentralized derivatives

ETHDenver Hackathon -- Feb 16-18.  I'll be there.

The state of decentralized video at the end of 2017

If you choose to play Etheremon, you should realize their code makes an exit scam quite easy.

Merry Merkle -- a Christmas tree that lights up as ETH donations come in for an at-risk youth shelter in Toronto.  Happening Dec 21st

Project Updates

Gnosis Olympia prediction market tournament (beta test) is live on Rinkeby.

Gnosis announces Dutch exchange -- dutch auction for ERC20 tokens.

Request Network alpha on testnet

WeTrust beta on testnet

Grid+ progress report

Plutus update

FunFair targets Q1 2018 to go live on the main net.

Project Announcements

Cipher Browser: iOS wallet and browser

Interviews, Videos and Talks

Vlad Zamfir talks Casper on Bloomberg podcast

Token Curated Registry roundtable

Joe Lubin Bloomberg hit

Arthur Falls talks to Spankchain

Ethereum featured on Comedy Central's Daily Show.  Joe Lubin's cameo comes from a 45 minute interview.

Rhys Lindmark talks to Trent McConaghy

Felipe Faraggi from Legacy Project talks about wills on the blockchain on my podcast

Tim Swanson on Epicenter

Ixo protocol on Epicenter

Token Sale Projects

Keep Network: threshold signatures, or how they get randomness

Estonia is planning on selling estcoin, though exactly what for is still to be determined

General

Reuters: Blockchain consortium Hyperledger loses members, funding because corporations are leaving for the Enterprise Ethereum Alliance.

The EEA announces three new working groups: energy, digital identity and interoperability.

Fortune talks ZCash with a lengthy profile of Zooko.

Singapore fintech chief doesn't like Bitcoin, but does like Ethereum

It's not just cryptomarkets that are irrational: Long Island Iced Tea stock jumps 432% on announcing it will change name to Long Island Blockchain

BitcoinCash now live on Coinbase.  Brian Armstrong responds to rumors of insider trading.

It's so bizarre to me to see CNBC hits on buying Ether as if it was $AAPL

Litecoin founder Charlie Lee sells all his LTC at the top.  This is exactly the sort of behavior that leads to over regulation. Founders must have skin in the game and alignment of interests with their network.  These longterm governance problems are serious.  My hope is that the Ethereum community will soundly reject any founder who quits his/her project.  Kudos to Ryan Selkis for being outspoken on the subject.

Dates of note

From Token Sale Calendar

Upcoming token sale start dates:

December 23 -- Rocketpool (proportional refund cap, started November 25h)

January 16 -- Kudos Project

February 1 -- Winding Tree

February 7 -- Dether

February 13 -- Right Mesh

Ongoing token sales:

Aurora DAO from IDEX

Debitum

Nous Platform

Bloom

Relest

CanYa

Dopameme

Hirematch

ScriptDrop

SeedsTokens

WARNING: list may include or even likely includes scams and quasi-scams.  Do your own research and due diligence before putting value at risk.  Read disclaimer below.

[I aim for a relatively comprehensive list of Ethereum sales, but make no warranty as to even whether they are legit; as such, I thus likewise warrant nothing about whether any will produce a satisfactory return. I have passed the CFA exams, but this is not investment advice.]

If you appreciate this newsletter, thank ConsenSys

I'm thankful that ConsenSys has brought me on as an employee and given me time to do this newsletter.

My charge from Joe Lubin is pretty similar to what Status has told me: keep telling the truth and covering the space as objectively as I can.  

Editorial control is 100% me.  Blame me first and last.

Sharing

I'd love it if you shared this newsletter.  I included sharing buttons right below the links section and above the calendar. I'm curious whether it results in more sharing.   Here's the usual link: http://www.weekinethereum.com/post/168796221303/december-21-2017 Follow me on Twitter? @evan_van_ness

This newsletter is supported by ConsenSys (surely you have seen that we're hiring?) and Status.im.  Many thanks to both.

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[thecryptokeepers]

Introducing /r/EthereumCommunity - a sub dedicated to community-driven projects/events & all things Ethereum

Introducing /r/EthereumCommunity - a sub dedicated to community-driven projects/events & all things Ethereum >> @ http://thecryptokeepers.com/introducing-r-ethereumcommunity-a-sub-dedicated-to-community-driven-projects-events-all-things-ethereum/ submitted by /u/AtLeastSignificant [link] [comments] Related Posts: Sovereign Fund Exec Advocates Keeping an Open Mind... The remarks made by JPMorgan Chase CEO Jamie Dimon earlier this year... #Bitcoin #BTC #Altcoin #Crypto

[nanobank]

As part of #Devcoin4, #Intel and #Microsoft joined the #Ethereumcommunity to work on the #TrustedComputeAPI (#TCAPI), which was created to increase the scalability and privacy of #Ethereum transactions. ₦˹ #NanoBank #cryptocurrency #trade #bitcoin #blockchain https://www.instagram.com/p/BqHbtgmAXg1/?utm_source=ig_tumblr_share&igshid=dt1rjnndt3mz

[quicklycybermoon-blog]

Wallet Demo Showcases Lightning Network For Ethereum

According to the latest development, two technologies that deal with bitcoin and Ethereum now seem to converge. A new video that was released recently by Arthur Gervais, assistant professor Imperial College London, showed how Ethereum wallets might work with Lightning Network, which is a payment protocol designed to work with bitcoin. This is a milestone step since off-chain payment networks have been preferred as scaling solutions for digital platforms such as bitcoin and Ethereum. Although the wallets are yet to be used, the video demo by Gervais on his new project by the name Liquidity Network has revealed that most members of the Ethereum community are exited in adopting the technology. To many users, the wallet works in the same way like other Ethereum wallet. And the main reason being it allows people in Ethereum community to send and receive ether. In addition, the wallet can handle more complex functions such as connecting users to the Hub anytime they're unable to connect directly. In his demo, Gervais presents one of the users depositing 100 wei into a Hub. The connection can easily be used to transfer funds from one user to the other connected to the Hub. Gervais demonstrated by sending 50 wei to another user on the same Hub and also 30 wei to another. Liquidity Network is using a new off-chain network to provide an alternative system different from in-development network provided by Raiden. Furthermore, Liquidity will use a different technology that is an improved model of Revive payment channel, which was the first platform of Liquidity Network put forth by its founders in September. With the new payment platform, users should expect better things in terms quality and user-friendly features that will make transaction simple and quick. This development is exciting users within Ethereum community and they can't wait to experience the new payment system. Read the full article

[thecryptokeepers]

Introducing /r/EthereumCommunity - a sub dedicated to community-driven projects/events & all things Ethereum

Introducing /r/EthereumCommunity - a sub dedicated to community-driven projects/events & all things Ethereum >> @ http://thecryptokeepers.com/introducing-r-ethereumcommunity-a-sub-dedicated-to-community-driven-projects-events-all-things-ethereum/ submitted by /u/AtLeastSignificant [link] [comments] Related Posts: Litecoin Creator Charlie Lee Reveals He Sold All H... Litecoin creator Charlie Lee has revealed on social media that he sold... #Bitcoin #BTC #Altcoin #Crypto