The disclosure followed a discourse between Ethereum co-founder Vitalik Buterin and crypto trader Jordan Fish regarding transparency.
Published in B&T Latest News 20 May, 2024 by The bizandtech.net Newswire Staff
Ethereum Foundation researcher Justin Drake discloses advisor role at Eigen Foundation
Published in B&T Latest News 20 May, 2024 by The bizandtech.net Newswire Staff
Ethereum ETF Decision Approaches: What Will Happen to ETH Prices?
The post Ethereum ETF Decision Approaches: What Will Happen to ETH Prices? appeared first on Coinpedia Fintech News
As the final deadline for the first spot Ethereum ETF draws near, market watchers are eagerly anticipating the SEC’s decision. With VanEck’s application is set to approve or deny on May 23, followed by Ark 21Shares on May 24.
This decision will likely set the tone for other issuers like Hashdex, Grayscale, Invesco Galaxy, BlackRock, and Fidelity, who are awaiting their verdicts.
Approval Odds Not Looking Good
Nate Geraci, President of ETF Store, pointed out on May 20 that for ETFs to launch, the SEC must approve both the 19b-4s (exchange rule changes) and the S-1s (registration statements). He noted that while it’s “technically possible” for the SEC to approve the 19b-4s and then delay the S-1s, there has been a lack of engagement with issuers.
SEC decision deadline this week on spot eth ETFs…
SEC must approve both the 19b-4s (exchange rule changes) & S-1s (registration statements) for ETFs to launch.
Technically possible for SEC to approve 19b-4s & then slow play S-1s (esp given reported lack of engagement here).
— Nate Geraci (@NateGeraci) May 19, 2024
The 19b-4 is a filing by a national securities exchange, like the NYSE or Nasdaq, to change rules or introduce new products, such as spot ETH ETFs. Meanwhile, the S-1 is an initial registration form providing detailed information about the company’s business operations and products.
Industry observer “Gronky” on X explained that the SEC could use delay tactics to further evaluate market conditions or the specific structures of these ETFs without outright denying the
The SEC (Securities and Exchange Commission) is reviewing applications for Ethereum-based Exchange-Traded Funds (ETFs), which are a type of investment fund that holds assets like stocks, commodities, or in this case, cryptocurrency, and trades on stock exchanges similar to…
— Gronky.ETH (@QeYcc) May 19, 2024
The Vote!!!
Just five SEC Commissioners will vote on whether to approve or deny VanEck’s ETF. Gary Gensler, who voted in favor of approving spot Bitcoin ETFs in January, is among them.
The other four are crypto-friendly Commissioners Hester Pierce and Mark Uyeda and anti-crypto Commissioners Caroline Crenshaw and Jaime Lizárraga. This lineup suggests that Gensler’s vote could once again be the deciding factor.
What If the ETH ETF is Approved?
If the SEC approves the VanEck fund on Wednesday, ETH prices are expected to surge in the short term. However, most analysts believe a rejection is more likely. One analyst mentioned that the Ethereum bottom is already in, and spot ETFs will eventually be approved even if denied this week.
$ETH monster run incoming?
Ethereum ETF decision on the 23rd May.
I expect it to get rejected 
BUT I think the $ETH bottom is already in
Ethereum will get an ETF and the market knows it.
We are going to see a crazy run in Ethereum in the coming months as $BTC halving is… pic.twitter.com/gzzq3Xbr68
— Dippy.eth (@dippy_eth) May 19, 2024
Analyst “Mister Crypto” noted that the bearish rejection scenario is already priced in, a sentiment echoed by other traders and analysts. A surprise approval, however, could catch the market off guard.
ETH Price Analysis
Recently, Ethereum hit a new yearly low against Bitcoin (0.044 BTC) on May 16, but it has recovered about 6% since then. Despite this, sentiment remains bearish due to the impending ETF decision.
As of now, ETH prices are slightly down, trading just under $3,111. An SEC approval could drive prices up quickly to the resistance level of $3,500 and potentially higher.
Published in B&T Latest News 20 May, 2024 by The bizandtech.net Newswire Staff
New VR Gaming Presale 5th Scape Raises $6M
The post New VR Gaming Presale 5th Scape Raises $6M appeared first on Coinpedia Fintech News
5th Scape, a new VR-gaming cryptocurrency, has successfully raised $6 million in its presale.
The funds will help it develop an ecosystem of gaming, entertainment, and educational experiences, enhanced by its proprietary VR headsets and gaming chairs.
Its recent momentum advances it toward a predetermined price increase, set to occur when the total raise hits $6.25 million.
5th Scape is forging one of crypto’s strongest new narratives
The meme coin and artificial intelligence sectors have proven dominant so far in the current market cycle.
However, with these categories exploding in value recently, profit-seeking traders are betting on 5th Scape’s VR gaming as the next big trend.
Leading analysts are bullish on crypto gaming, but 5th Scape’s VR integration cultivates a distinguished narrative.
Well-known market commentator Alex Becker expects the gaming sector to explode soon. He suggests that investors want projects with real demand, something that gaming offers.
I am smelling an absolute rip in gaming coins here soon.
The narrative is re-aligning and people are looking for a narrative that isn’t pure hype/obviously ponzi.
People want a real product in crypto with real demand. Gaming is so so so so very close to delivering that.
— Alex Becker 
Tags: B&T Latest News
Published in B&T Latest News 20 May, 2024 by The bizandtech.net Newswire Staff
SHIB Price Prediction: Shiba Inu Price Poised For 60% Spike As Burn Rate Surges
The post SHIB Price Prediction: Shiba Inu Price Poised For 60% Spike As Burn Rate Surges appeared first on Coinpedia Fintech News
Shiba Inu is currently facing significant resistance around the $0.000025 price level. Last week, SHIB experienced a mini-rally but struggled to maintain its position, retreating and falling below this resistance. SHIB fell by at least 5%, reaching an intraday low of $0.00002361. Despite these fluctuations, SHIB has shown positive gains over 30 days but continues to face challenges in decisively surpassing the $0.000025 mark.
One notable development is the increase in the SHIB burn rate, where several million SHIB coins have been removed from circulation. According to data from the Shibburn Explorer, the SHIB burn rate surged by 62.58% within the last 24 hours.
Over the past week, the SHIB community also burned 57,671,544 SHIB, which is 57% less than the previous week’s burn rate. So far, 410,726,422,225,031 SHIB has been burned from the original quadrillion supply. Currently, 582,992,864,057,113 SHIBs are circulated, and 6,280,713,717,854 SHIBs are locked in staking platforms.
Analyst Predictions and Bullish Pennant Formation
Multiple analysts have identified a bullish pennant pattern on the Shiba Inu chart, suggesting the potential for a significant profit. This pattern indicates that SHIB might be on the verge of continuing its previous uptrend after a period of consolidation. Analysts forecast that Shiba Inu holders could see a profit of over 62% soon.
Clifton’s Analysis
Prominent Bitcoin analyst Clifton highlighted the formation of a bullish pennant on Shiba Inu’s 24-hour timeframe. According to Clifton, this pattern suggests that SHIB could soon experience a breakout, potentially netting holders a short-term profit of up to 60%. The bullish pennant formation, which resembles a symmetrical triangle, typically signals that an asset is ready to resume its uptrend after encountering brief resistance.
Other Analyst Predictions
Other market analysts have echoed Clifton’s optimistic outlook. Davie Satoshi, another analyst who identified the bullish pennant, proposed higher breakout targets, predicting SHIB could reach above $0.00005. Pseudonymous analyst “World of Charts” also identified $0.00005 as a potential target for SHIB.
Further, a Bitcoin analyst suggested that SHIB enthusiasts might anticipate the $0.00008 price level. Another analyst even argued that SHIB could reach $0.00015 by next month, which would mark a historic high for the cryptocurrency, entering previously uncharted territory.
More Bullish Events
The SHIB team announced several updates for Shibarium in 2024-2025. These include the SHIB Metaverse, a new Shiba Eternity game, ShibaSwap DEX 1.75 and 2.0, a layer-3 test net, and the TREAT token for the new blockchain. To build the layer-3 solution, they recently raised $12 million from investors. SHIB lead Shytoshi Kusama has been traveling to pitch the layer-3 project and secure funding.
Will Shiba Inu break through its resistance and achieve the predicted gains, or will it face more challenges ahead?
Published in B&T Latest News 20 May, 2024 by The bizandtech.net Newswire Staff
Web3 Teams Compete To Bring Restaking To $1.2T Bitcoin Ecosystem
Developers are racing to leverage BTC to replicate Ethereum’s booming restaking ecosystem.
Published in B&T Latest News 20 May, 2024 by The bizandtech.net Newswire Staff
GRT Price Retest Phase Aims A Bull Run To $0.50
The post GRT Price Retest Phase Aims A Bull Run To $0.50 appeared first on Coinpedia Fintech News
As the Bitcoin price stagnates close to the $66K mark, the altcoins are on the verge of massive moves. Amidst such tokens, the GRT price shows a post-retest rally ready to spring into action and surpass multiple resistances.
With the Bitcoin price ready to hit the $70K mark this week, will the altcoins siphon market momentum for a bull run? Will the post-retest rally with unleashed momentum surpass the psychological mark of 50 cents? For a long-term analysis, check out our GRT price prediction.
Triangle Breakout In Graph Gains Traction
With the GRT price surpassing the overhead trendline, the daily chart shows a triangle breakout. This intrigues the sideline traders into a breakout entry opportunity, with an extended uptrend possibility.
As the daily chart shows the triangle breakout, the GRT price surpasses the 50% Fibonacci level. Further, the recent dump over the weekends retests the bullish breakout.
Currently, the altcoin trades at $0.3116 with an intraday gain of 3.83% which undermines the fall on Sunday. Further, this marks a post-retest reversal in the Graph token. Hence, the chances of a bull run in this token are higher.
Technical Indicator:
DMI: The VI lines are getting closer, warning of a bearish uprising. However, the ADX line teases a bullish turnaround.
RSI: The daily RSI line shows a bullish trend approaching the oversold zone. This reflects an undermine increase in demand for the token.
Will The GRT Price Reach $0.50?
With the overhead trendline breakout rally gaining momentum with a successful retest in the daily chart, the GRT price is hinting at a extended rally. Based on Fibonacci retracement levels, if the altcoin surpasses the 50% level, it could potentially reach the previous swing high of $0.45. If the bullish momentum continues, it may further advance towards the significant psychological barrier of $0.50.
Published in B&T Latest News 20 May, 2024 by The bizandtech.net Newswire Staff
5 Meme Coins Traders are Bullish on this Week
The post 5 Meme Coins Traders are Bullish on this Week appeared first on Coinpedia Fintech News
As the crypto market regains pace, the meme coin sector could present monumental opportunities.
However, with so many new projects released daily, identifying those with the highest potential can be challenging.
Therefore, this article looks at five meme coins that traders are most bullish about this week. Let’s get started.
Dogeverse
Dogeverse is a new meme coin in the final stages of its presale. It has raised over $15 million, reflecting that investors are overwhelmingly bullish.
The project introduces a one-of-one use case, being the only doge-themed cryptocurrency to go multichain.
According to its whitepaper, Dogeverse harnesses Wormhole and Portal Bridge technology to launch on Ethereum, Base, Solana, BSC, Polygon, and Avalanche.
Given its massive early success, it is no surprise that leading traders are backing Dogeverse for huge gains.
For instance, well-known low-cap trader Jacob Bury covered Dogeverse in a YouTube video and speculated that it could be 100x after its presale.
Top media outlets like Cointelegraph, Techopedia, and Bitcoinist have also covered the presale. This reflects its mass-market appeal and lays the way for continued growth.
Besides its multichain approach, staking also draws investors to the Dogeverse presale. Currently, they can garner a 53% APY, but this will decrease as the staking pool grows.
Sealana
Plenty of parabolic meme coins have launched on the Solana network recently, and the latest prospect is South Park-inspired Sealana.
The project remains in presale, enabling investors to invest from the ground up. According to its website, the presale has already raised over $1.8 million.
Sealana features a witty backstory of an Americanized seal pursuing meme coin riches from his mom’s basement. He lives off canned tuna and chips, hoping to trade his way to a new Lambo.
The rags-to-riches narrative resonates with many meme coin traders and renders Sealana a beacon of memetic culture.
Top analyst ClayBro is bullish on Sealana. In a recent video, he noted the IEO success of a similar Solana presale, Slothana, and speculated that Sealana could be next to soar.
However, the Sealana presale has not announced a hard cap. This means that the campaign could end anytime, so potential buyers should act fast.
WienerAI
While WienerAI may appear as another playful meme coin, this project is dead serious. Behind its meme coin allure sits a juggernaut AI-powered trading bot, equipping its users to become better and more informed traders.
Leveraging AI predictive technology, users can ask WienerAI questions, and it will scour the market to find the best trades.
Meanwhile, it provides seamless trade execution that is instant, free, MEV-resistant, and noob-friendly.
Given its meme coin exterior, this unassuming project has been a hit with both crypto degens and value-seeking investors. It is currently undergoing a presale and has raised over $2.3 million so far. Leading traders have also endorsed the project.
For instance, Michael Wrubel, who boasts over 300K YouTube subscribers, recently dubbed it the “top AI meme coin for 2024.”
The current $WAI price is $0.000708, but this will rise throughout the presale.
Dogwifhat
For those paying attention to the meme coin space, it should be no surprise that Dogwifhat has made our list.
After meteoric success through Q1 of 2024, the Solana-based sensation has undergone a consolidation period.
However, analysts believe this is a bullish accumulation zone and could present a solid buying opportunity ahead of the next leg up.
One of Dogwifhat’s most vocal and famed proponents is Ansem, a prominent figure on X.
Anem conducted a technical analysis of WIF’s current price action and concluded that it will reach a new ATH by the end of May.
The analyst noted that expansion often follows consolidation, laying the way for a decisive upswing for Solana’s largest meme coin.
$SOL & $WIF going to ATHs by end of the month, will coincide w/ ending of ~3 month period of bullish consolidation after last leg up, also in line w/ $BTC bullishness
consolidation-> expansion [@conzimp] pic.twitter.com/fDSwzDOVVs
— Ansem 
Tags: B&T Latest News
Published in B&T Latest News 20 May, 2024 by The bizandtech.net Newswire Staff
Past iPhone 7 owner, you might receive compensation
Apple iPhone 7 settlement offers compensation for users affected by an audio defect in two of its models, committing $35 million to resolve the issue. This development is significant for American consumers who have experienced audio problems with their devices.
The settlement addresses allegations that the audio features of the iPhone 7 and iPhone 7 Plus were either non-functional or unresponsive. Additionally, the lawsuit claims that Apple was aware of the defect but chose not to repair the devices free of charge.
Notably, consumers do not need a receipt for their purchase to file a claim in the settlement.
Despite agreeing to this substantial payout, Apple maintains that it has done nothing wrong, which may be contentious for those affected, as it highlights the accountability expected from major corporations.
Who is eligible for the Apple iPhone 7 settlement?
To be eligible, customers must have used one of the affected devices between September 16, 2016, and January 3, 2023. The requirements are quite specific: eligible individuals include those who paid out-of-pocket for repairs due to the audio issues and those who reported the problem but did not pay for a repair.
Understand Apple’s iPhone monopoly lawsuit in 6 questions
How much compensation can you receive?
If you purchased an iPhone 7 or 7 Plus that experienced microphone audio issues, you may be eligible to claim from a $35 million settlement pool. Compensation amounts range from a minimum of $50 to as much as $394.
The deadline for applying: June 3rd
If you purchased an iPhone 7 or 7 Plus that experienced microphone audio issues, you may be eligible to claim compensation (Image credit)
Know your legal rights
Here are your legal rights and options; review them carefully to understand what actions you can take:
- Stay in the class:
- Settlement fund: $35 million.
- Eligibility: Received notification from the Settlement Administrator.
- Action required: Provide payment preference (electronic check, ACH transfer, or physical check) and corresponding information by June 3, 2024, via the Select Payment page or mail.
- Outcome: Receive Class Payment if the Court approves the Settlement. Without submitting payment info, you forfeit the Class Payment and the right to sue Apple over these claims.
- Note: Staying in the class means you cannot sue Apple separately regarding the claims.
- Opt out:
- Deadline: June 3, 2024
- Rights retained: Sue Apple independently at your own expense.
- Forfeit: Right to receive a Class Payment from this Settlement.
- Note: Only option to pursue separate legal action against Apple.
- Object to settlement
- Deadline: June 3, 2024
- Action required: Write to the Court with objections to the Settlement.
- Attend hearing:
- Date: July 18, 2024
- Action required: Request permission to speak at the Final Approval Hearing to present objections.
Featured image credit: 绵 绵/Unsplash