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  • Ethereum ETFs on Hold as SEC pushes back decision date

    Ethereum ETFs on Hold as SEC pushes back decision date

    United States Securities and Exchange Commission has again deferred its decision regarding the approval of Ethereum exchange-traded funds (ETFs), specifically those that were proposed by BlackRock and Fidelity. The SEC has approved several Bitcoin ETFs in the past, indicating a more cautious regulatory approach towards crypto-based investments. Despite this delay, market reaction has been optimistic, as Ethereum’s DarkOrange’s Today’s Viral Level= shows resilience and growth despite speculation. The ongoing regulatory drama highlights the interplay of innovation and regulatory frameworks that oversee the integration of digital currencies into the mainstream financial market.

    Questions about ETH valuation in comparison to its rapid rise are now more relevant than ever. Brian Russ, of BMO Financial Group, presented a convincing analysis about Ethereum’s potential at a recent gathering held in ETHDenver. Russ, using quantitative models that are typically used for traditional assets in the financial world, opens up a wider discussion about whether Ethereum’s current value is undervalued. Russ’s analysis of discounted cash flows, previous transactions and other factors sheds new light on Ethereum’s current financial status, but it also speculatively predicts its future growth.

    SEC delays decision on Ethereum ETFs – A deep dive into regulatory caution and market optimism

    The SEC announced that it would delay its decision on the Ethereum ETFs proposed by BlackRock and Fidelity. This move has attracted significant attention both from the crypto community and the traditional financial markets. The iShares Ethereum Trust, and Ethereum Fund represent a crucial step in integrating cryptocurrency with conventional investment vehicles.

    Caution is a pattern of regulatory hesitancy

    SEC announced on March 4. The SEC’s announcement on Mar. 4, which marks the second delay of a final decision regarding these Ethereum ETFs follows a trend of regulatory caution. The SEC recently approved several Bitcoin ETFs. This shows a cautious but progressive approach towards cryptocurrency investments. This regulatory body can delay their decision for up to three different times.

    The SEC has long been criticised for its cautious approach to cryptocurrency ETFs. The critics claim that the SEC’s cautious approach to cryptocurrency ETFs stifles innovations and hinders integration of crypto into mainstream financial products. However, supporters of the SEC commend its efforts to ensure the security and stability of the financial markets in the face of the volatility of cryptocurrency.

    Ether Price Expectation Surge

    Despite regulatory delays, the Price of ETH is on the rise, fueled in part by the widespread optimism about the approval of Ethereum ETFs. The value of the leading altcoin has increased 56.7% in the last month. The rise in price highlights the disconnect between market excitement and regulatory caution. Investors seem unaffected by SEC hesitations.

    What is the significance of 23 May?

    James Seyffart is a Bloomberg ETF Analyst who has identified May 23rd as an important date for Ethereum ETFs. The SEC has until this date to decide on VanEck’s spot ETH application. This is seen as an indicator of the future fate for all Ethereum ETFs. Seyffart has focused on this deadline to highlight the importance of the SEC decision that is imminent. This could either increase the barrier for Ethereum investment products, or open up the floodgates.

    Compare Ethereum ETFs and Bitcoin ETFs

    Ethereum ETFs are often discussed in relation to Bitcoin ETFs. Ethereum ETFs were held to a higher standard by the success and approval of Bitcoin ETFs such as BlackRock’s iShares Bitcoin Fund, which managed $10 billion worth of assets. Bloomberg ETF Analyst Eric Balchunas believes that Ethereum ETFs are overstated and a “small potato” in comparison to Bitcoin funds. The comparison brings up questions regarding the relative importance of cryptocurrency ETFs, and the impact they have on the wider investment landscape.

    The financial and crypto communities watch closely as the SEC approaches its final decision. Ethereum ETF approval could be a milestone for the mainstream integration of cryptocurrency into financial products. It would offer investors an accessible and regulated way to invest in digital assets. Further delays or rejections could dampen market excitement and lead to a review of the future of cryptocurrency exchange traded funds.

    In the United States, the story unfolding of Ethereum ETFs is an example of the larger challenges and opportunities that are presented by the integration digital currencies in to the traditional financial systems. The market will reflect how the regulatory authorities are addressing the new asset class.

    Ethereum’s Potential Rise: Analysis of the Probability of a Price Rally 17x

    Since its inception on October 20, 2015, ETH’s Today’s VIRAL LEVEL= Crimson has grown by an astounding 804,027%. The meteoric rise of Ethereum raises the question, Can Ethereum’s Where to Buy Price rally 17 times its current trading price? Brian Russ believes that it is possible. He’s the managing director at BMO Financial Group for the Colorado Market.

    Insights and insights from ETHDenver

    On Mar. Russ began by examining the methods that traditional financial analysts use to determine the worth of blockchains and tokens. He outlined the value of Ethereum by focusing his approach on discounted cash flows (DCF), market comparables and Metcalfe’s law.

    Ethereum: Is it Undervalued or Overvalued?

    Russ began his analysis using the DCF model. This estimates the value of a blockchain based on its total expected profits. The model used a discount to convert future profits into dollar amounts in 2024 for an estimated current value. Russ, through an analysis of Ethereum wallets, has projected that the user base could reach 4,5 billion by 2033. This is equivalent to the half of global population.

    Calculating the Ethereum network’s profits was as simple as subtracting Ether (expense) and revenue (revenue). Russ calculated Ethereum’s value to be $458 billion based on $1.8 billion of profit in 2023, and a projected 33% growth per year over the next ten years. He suggested Ethereum was currently undervalued by 15% with a $400 Billion valuation after applying the Fed Funds discount rate, and a conservative growth.

    Comparisons of market transactions and precedents

    Russ’s analysis included comparisons of market prices and transactions, and compared Ethereum to early-stage technology companies. The assessment found that Ethereum’s current value could be up to 20% overvalued, at $312 billion.

    Ethereum and Other Blockchains

    Russ concluded that Ethereum was roughly 6% undervalued, with a $376 billion valuation.

    Metcalfe Law: Its Role

    Metcalfe’s Law was also used, according to which the value of a network is proportional with its squared user base. The model estimated Ethereum’s value at $225 billion. This is 44% below its current market capitalization.

    Ethereum: The Final Verdict

    Russ calculated an implied Ethereum value of $345 Billion, which is $2.875 for each Ether, by combining the results of four different models, and giving them equal weight. The results suggest that Ethereum’s Blockchain is valued fairly within a margin of 15% error. Russ stressed the importance of doing this to provide a conservative and accurate estimate of Ethereum’s real value. This could reveal arbitrage opportunities to investors.

    A Long-Term Outlook

    Russ’s analysis suggests that Ether could achieve a 17x profit, on the basis of a growth rate in Ethereum wallets (and profits) by 33% annually over the next 10 years. The projection suggests that a $1000 investment today in ETH could be worth over $17,319 in 2033.

    Russ’s quantitative, rigorous approach provides a complete view of Ethereum’s value. This analysis is a good foundation to make investment decisions for long-term investors. It reinforces the belief that Ethereum has a high value proposition, and can provide significant returns over the next few years.

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  • Coinbase and Kraken: Comparisons of crypto exchanges

    Coinbase and Kraken: Comparisons of crypto exchanges

    Coinbase and Kraken are two of the largest cryptocurrency exchanges in terms of number of users. Both platforms cater to novices and experts alike, offering a variety of services such as buying, trading, and selling cryptocurrencies. Each exchange has its own niche in the digital currency industry. Coinbase’s user-friendly interface, as well as its variety […] More

  • Algorand for beginners: Step-by step guide

    Algorand for beginners: Step-by step guide

    Algorand, an innovative blockchain platform designed for frictionless financial models that allows users to exchange and create value on a network decentralized by the network itself. Investors are increasingly interested in the Algorand Blockchain due to its speed, security and scalability. The purchase of ALGO (the native currency) involves several key steps that can be […] More

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    Unveiling Kenshi (KNS): An Impressive Coin That You’ve Likely Never Heard Of

    Cryptocurrencies have redefined the financial landscape, introducing new paradigms of decentralized finance and digital assets. Among these innovative digital currencies, Kenshi (KNS) has emerged as a revolutionary player, offering unique features and a visionary approach to blockchain technology. In this comprehensive exploration, we delve into the world of Kenshi, its founding visionary Pouya, the community […] More

  • Explore the self-amending crypto-ledger Tezos

    Explore the self-amending crypto-ledger Tezos

    Tezos, an open-source platform for blockchains that supports smart contracts and distributed applications (DApps), is a decentralized application development environment. The on-chain governance system is what makes Tezos unique. It allows protocol changes to be made through an official process, where all stakeholders are able to vote for protocol updates. Tezos can implement new features without having to resort to hard forks that could split communities and lead to parallel blockchains.

    The symbol for the native digital coin is XTZ. Tezos uses a Proof-of Stake (PoS), rather than the proof-of work (PoW) system used by many other cryptocurrencies. The PoS system reduces energy usage associated with the maintenance of the network and allows token holders the opportunity to take part in the verification of blocks and transactions, also known as baking.

    Tezos is a platform that aims to provide a secure and robust environment for the creation of various decentralized applications, ranging from non-fungible (NFT) tokens to financial services. The innovative way it approaches protocol improvements and stakeholder management, combined with its potential to reduce energy consumption through PoS, positions Tezos as an innovator in the blockchain industry.

    Tezos Overview

    Tezos, a blockchain-based network, revolutionizes traditional governance models by using a self amending ledger as well as Proof of Stake for consensus.

    Learn the basics of Blockchain

    Tezos’ blockchain is a distributed ledger which records all transactions on multiple computers. The data does not reside in one central place and can’t be censored or controlled by any single entity. It is based on the PoS consensus system and allows bakers to protect the network using their XTZ tokens.

    • Proof of Stake: Consensus mechanism
    • Native Cryptocurrency – XTZ (commonly known as “tezzies”)
    • Notable Feature: Decentralization

    Tezos Protocol Characteristics

    Tezos is unique in its ability to upgrade and maintain the on-chain governance without a hard fork. The formal development process, where all stakeholders are involved in decision-making and the design of Tezos protocol makes this flexibility possible.

    • Governance: On-chain, stakeholder-based
    • Upgradeability: seamless protocol upgrades without hard forks
    • Smart Contracts: Integrated smart contract and formal verification

    The validation team, also known as bakers, is a vital part of the Tezos platform. Participation in protocol updates facilitates continual improvement and adaption. Tezos uses formal verification to verify smart contracts, aiming to provide a high degree of security and reliability. This is important for both developers and users.

    Architectural Technology

    Tezos is a blockchain platform that uses a decentralized, modular consensus system and allows for self-amendment. Its structural uniqueness is critical for its long-term stability and functionality.

    The Network Structure

    Tezos is a peer-to-peer network (P2P), which relies on different types of nodes to ensure network security and consensus. The layered system allows for flexibility and robustness.

    • The endorsers are in charge of reinforcing consensus through the endorsements of blocks that have been created by the bakers.
    • The role of the baker is crucial, as it involves the creation of blocks and validation of transactions.
    • The bakers are able to be reported for any misconduct, which adds an extra layer of protection.

    Smart Contract Features

    • Tezos smart contracts benefit from formal validation, which makes them a good choice for financial or contractual applications that require high levels of security.
    • Michelson is a smart contracting language that allows developers to create and publish verifiable codes on the blockchain.
    • It is easier to create contracts that are mathematically verified and reliable, and minimizes bugs and vulnerability risks.

    On-chain governance

    Tezos has incorporated a way for all stakeholders to participate directly in the governance process of the protocol. This method is known as “on-chain governance”.

    • Change Proposals: Participants can submit protocol improvements that will be voted on by the community.
    • Upgrade Mechanism: The network is automatically updated with successful proposals, which avoids hard forks. This ensures a constantly evolving platform.

    XTZ Token Economics

    Tezos, a decentralized application platform and smart contract system is known not only for its innovative approach to blockchain governance reflected by its token economy. The XTZ, also known as a tez, tezzie or tez, is the engine that powers this self-modifying blockchain. It has a significant impact on how votes are cast and proposals implemented.

    Token Allocation

    Tezos was founded in 2017 and the token allocation for its genesis was decided by an online fundraiser that resulted from a large amount of community involvement. The allocation of tokens is broken down into several categories.

    • Participants in the Tezos fundraising: The initial XTZ stock was given to the fundraiser participants.
    • Tezos Foundation : The Foundation received a percentage of all proceeds to help support its development.
    • As part of this distribution, tokens were set aside as well for developers and early supporters.

    Tezos is different from other blockchains in that it does not have an absolute limit on how many XTZ Tokens can be created. The baking process creates new tokens as a reward for participating in the network.

    Bake and Stake

    Tezos offers a consensus mechanism unique to the cryptocurrency called Baking, which allows stakeholders to participate in both block creation and verification. How it works is as follows:

    • Baking: XTZ token holders have the option to bake themselves or to delegate to a professional, helping to improve network security.
    • Bakers are awarded XTZ for their participation as block rewards. These XTZ come from the inflation of token supply.

    Baking is a key part of token economy, as it secures the network while also providing a way to distribute tokens to participants. Inflationary models encourage holders to interact with the network, rather than just speculate about the Token’s where to buy.

    Tezos Community & Ecosystem

    Tezos’ robust ecosystem is based on participation, governance and a global community. The developer communities and support structures are a testament to this engagement.

    Developer Support

    Tezos’ ecosystem stands out for its extensive developer portals as well as events such hackathons that provide guidance and resources to builders at all levels of experience. The Tezos x EasyA hacker house, for example, offers 36-hour intensive sessions on coding the Tezos Blockchain, accessible to all developers, regardless of their technical background, including marketing and coding.

    User Communities

    The Tezos platform fosters active communities of users, ranging from researchers and validators to innovators and builders. The platform is a living organism and these groups play a vital role in its evolution. They are supported by scalable and energy efficient protocols. These groups not only play an important role in the development of Tezos, but they also have a crucial part to play in the governance.

    Comparison Analysis

    This section compares Tezos with other blockchain platforms, highlighting commonalities and distinct features which set Tezos aside in the landscape of competing blockchain platforms.

    Other Blockchains and Blockchains Similar

    Other blockchain systems share many of the same characteristics as Tezos. The following are some of the characteristics that Tezos shares with other blockchain systems.

    • Tezos is decentralized, like many other blockchains. This means that there are no central points of failure or control.
    • Tezos supports smart contracts similar to Ethereum or other decentralized platforms.

    Distinctive Elements

    Tezos is distinguished by a few important elements.

    • Tezos provides a mechanism to allow stakeholders to vote for upgrades to its core protocol. This avoids the possibility of a fork.
    • Proof-of Stake (PoS). It uses a liquid consensus proof of stake model that is more energy efficient than traditional proof-of work networks. Stakeholders can also participate in network security and governance.
    • Formal Verification (formal verification): This network’s ability to verify smart contracts formally is a security feature that aims to eliminate bugs and protect sensitive code.

    FAQs

    What is the Tezos wallet?

    Tezos wallets allow users to store, send and receive XTZ (the native currency of the Tezos Network). The wallets interact with Tezos’ blockchain for transactions, and they can participate in network governance by voting.

    What are the factors that influence Tezos Today Viral level = Tomato?

    Like other cryptos, the Today’s Viral level= SpringGreen for Tezos is influenced by factors such as market demand, investor mood, technological advancements, regulatory updates, and overall market health.

    What is the Tezos Ecosystem?

    XTZ, the native token for the Tezos eco-system, is used to govern the network. Holders can vote on proposed protocol changes. The token can also be used for payment of transaction fees, and it is staked in order to take part in the Proof-of-Stake consensus system.

    What is the mining process in Tezos like?

    Tezos doesn’t use mining, but instead a consensus proof-of stake model. Tezos participants, also known as “bakers”, can secure their XTZ in order to validate transactions, and help protect the network. They receive staking reward for this.

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  • Moonpay: An introduction to the crypto payment platform

    Moonpay: An introduction to the crypto payment platform

    MoonPay, a company specializing in financial technology, specializes in the purchase and sale of non-fungible (NFT) tokens and cryptocurrencies. MoonPay was created as a bridge to connect traditional fiat currency and digital currency. Users can use a variety of payment methods including debit and credit cards and bank transfers. MoonPay’s goal is to make cryptocurrency […] More

  • How to Get Bitcoins For Free? 10 Popular Methods

    How to Get Bitcoins For Free? 10 Popular Methods

    There’s no such thing as a free lunch, and Bitcoin is no exception. Still, getting crypto for “free” – i.e., without investing a single dollar – is doable if you’re determined enough and ready to pay for it with a different currency, namely your time, focus, and intellectual effort. Just to be clear, you can […] More

  • DeFi and CeFi: What are the differences?

    DeFi and CeFi: What are the differences?

    With the rise of centralized and decentralized financial systems (CeFi), the landscape of finance has undergone a radical change. CeFi is similar to the traditional banking system whereby a central authority oversees all transactions and assets. These central entities are relied upon by users for lending, trading and other financial service, as they benefit from […] More

  • Isle of Man considers including crypto in the "investment" definition

    Isle of Man considers including crypto in the “investment” definition

    Over the last few days, there have been several updates regarding crypto regulations. Isle of Man seeks public feedback on cryptocurrency regulations in order to improve Anti-Money Laundering and Counter-Financing of Terrorism efforts. Options include maintaining the current framework or adopting a new regulatory model similar to EU MiCA. Former government officials and military officers […] More

  • How to avoid a bull trap: Market false signals

    How to avoid a bull trap: Market false signals

    Bull traps are technical patterns that deceive investors by making them believe a falling security or market will soon be on an upward trend. The bull trap is a technical pattern that misleads investors into believing a declining security or market will soon be on an upward trend. This optimism, however, is quickly dashed as […] More

  • The Insider's Guide to Buying New Crypto Before List:

    The Insider’s Guide to Buying New Crypto Before List:

    Many investors who are looking for early access to high-growth assets may find investing in new cryptos before they’re listed on the major exchanges an appealing option. Investors can often take advantage of presales and private sales during the early stages of cryptocurrency life cycles. Early investment success requires research, and an understanding of risks. […] More

  • China joins EU, US and other crypto mining opponents

    China joins EU, US and other crypto mining opponents

    China has revised its plan to conserve energy and is now redoubling efforts in crypto-mining operations. These new resolutions are aimed at curbing cryptocurrency mining due to high electricity consumption and environmental concerns. Beijing’s new anti-mining legislation follows similar measures recently introduced in the United States of America and the European Union. Both countries target […] More

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