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📈 Analytical overview of Telegram channel .

Channel . in the English language segment is an active participant. Currently, the community unites 10 033 subscribers, ranking 15 327 in the Cryptocurrencies category and 4 223 in the USA region.

📊 Audience metrics and dynamics

Since its creation on невідомо, the project has demonstrated rapid growth, gathering an audience of 10 033 subscribers.

According to the latest data from 09 July, 2025, the channel demonstrates stable activity. Although there has been a change in the number of participants by -303 over the last 30 days and by 0 over the last 24 hours, overall reach remains high.

  • Verification status: Not verified
  • Engagement rate (ER): The average audience engagement rate is 0%. Within the first 24 hours after publication, content typically collects N/A% reactions from the total number of subscribers.
  • Post reach: On average, each post receives 0 views. Within the first day, a publication typically gains 0 views.
  • Reactions and interaction: The audience actively supports content: the average number of reactions per post is 0.

📝 Description and content policy

Channel description not provided.

Thanks to the high frequency of updates (latest data received on 10 July, 2025), the channel maintains relevance and a high level of publication reach. Analytics show that the audience actively interacts with content, making it an important point of influence in the Cryptocurrencies category.

10 033
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Posts Archive
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🪙 Tether Freezes 41 Crypto Wallets Tied to Sanctions Stabelcoin issuer Tether froze 41 wallets controlled by people on the O
🪙 Tether Freezes 41 Crypto Wallets Tied to Sanctions Stabelcoin issuer Tether froze 41 wallets controlled by people on the Office of Foreign Assets Control's (OFAC) Specially Designated Nationals (SDN) List on Saturday. On-chain data shows that several wallets had been using coin-mixing service Tornado Cash in the past six months. One of the frozen wallets is also associated with the $625 million Ronin Bridge attack, which, according to the U.S. Treasury Department, was executed by North Korean hacking group Lazarus Group. Several of the frozen wallets had been using Tornado Cash over the past six months. Tether described the actions as "precautionary measures" in a blog post. "By executing voluntary wallet address freezing of new additions to the SDN List and freezing previously added addresses, we will be able to further strengthen the positive usage of stablecoin technology and promote a safer stablecoin ecosystem for all users," said Tether CEO Paolo Ardoino. In October, Tether froze 32 wallets that were linked to terrorism and warfare in Ukraine and Israel. It also froze $225 million last month in relation to a human trafficking syndicate following an investigation by the U.S. Department of Justice. Source https://t.me/Blockchain_Explained

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🪙 Chainlink Staking Program Quickly Pulls in $600M, Hitting Limit Chainlink, the biggest blockchain data-oracle project, saw
🪙 Chainlink Staking Program Quickly Pulls in $600M, Hitting Limit Chainlink, the biggest blockchain data-oracle project, saw a powerful uptake for its expanded crypto-staking program, pulling in over $632 million worth of its LINK tokens and filling up to the limit just six hours after the start of an early-access period, the company said in a press release. The "V0.2" community staking mechanism opened for early access from 12 p.m. ET, and within 30 minutes, some 32.8 million LINK had been staked; six hours later, the community pool had hit the new, higher capacity of 40.875 million LINK. The price of LINK was up by 12% over the past 24 hours to $16.72, according to CoinDesk data. Overall, the expanded staking pool capacity is 45 million LINK, up from 25 million under v0.1, a figure that includes the community pool allocation as well as a separate node operator pool. According to a Chainlink spokesman, there are currently 1.8 million LINK in the node operator pool, out of a capacity of 4.125 million. Chainlink staking enables node operators - which help engineers fetch external data - and community members to support the performance of oracle services with staked LINK. People can also earn rewards. "Staking v0.2 introduces important new security features and sets the system up for even further growth in the year to come," Chainlink co-founder Sergey Nazarov said in a press release. Source https://t.me/Blockchain_Explained

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🇺🇸 US Regulators Warming Idea Of Spot Bitcoin ETFs Approval: Report According to Forbes, US Regulators are reportedly warmi
🇺🇸 US Regulators Warming Idea Of Spot Bitcoin ETFs Approval: Report According to Forbes, US Regulators are reportedly warming to the idea of spot Bitcoin ETFs approval. Meetings between SEC and applicants have progressed to key technical details. Experts believe the approval window is January 5-10, 2024. Meetings between the Securities and Exchange Commission (SEC) and investment funds seeking to list Bitcoin ETFs have accelerated in recent weeks, leading applicants to make changes to their filings based on regulators’ feedback. Grayscale, along with firms like BlackRock and Fidelity, is among the dozen companies that have applied for a Bitcoin ETF. This type of ETF would allow investors to gain exposure to Bitcoin without directly owning the digital asset. Bitcoin has surged approximately 160% year-to-date, outperforming major stock indexes, although it remains about 35% below its late 2021 peak. This resurgence comes after a challenging 2022 for cryptocurrencies, marked by bankruptcies and financial turmoil. Bitcoin fell slightly after hitting $44,500 over the last 24 hours. As of this writing, the king of cryptocurrency is trading for $43,500. The entire cryptocurrency market capitalization is up nearly 1% today, now valued at $1.6 trillion. Source https://t.me/Blockchain_Explained

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🇧🇷 Nubank partners with Talos to trim crypto trading costs in Brazil Nubank, the leading Brazilian digital bank by market v
🇧🇷 Nubank partners with Talos to trim crypto trading costs in Brazil Nubank, the leading Brazilian digital bank by market value, has announced a partnership with institutional trading technology provider Talos geared toward reducing the cost of trading crypto. "With this partnership, customers who wish to trade crypto assets in Brazilian reais through the Nu app will benefit from reduced costs through Talos's Smart Order Routing engine and connectivity to optimize trade execution across multiple liquidity providers," the company said in a statement. Nubank is one of the world's largest digital banks and serves 90 million customers across Brazil, Mexico and Colombia, the company also said. The fintech launched crypto trading in May 2022 and currently offers 15 cryptocurrencies through Nubank Cripto. "Nubank Cripto will continue to evolve as a platform that combines simplicity and robustness for cryptocurrency enthusiasts," Thomaz Fortes, leader of Nubank Cripto, said in the statement. "With Talos, we have made further progress in this direction to offer users even more competitive prices securely and reliably when trading cryptocurrencies through an extensive network of settlement providers." Source https://t.me/Blockchain_Explained

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🏦 Coinbase's Rally Still Has Legs, Chart Analyst Says Shares in Nasdaq-listed cryptocurrency exchange Coinbase (COIN) have s
🏦 Coinbase's Rally Still Has Legs, Chart Analyst Says Shares in Nasdaq-listed cryptocurrency exchange Coinbase (COIN) have surged nearly 300% this year, outperforming leading cryptocurrency bitcoin (BTC) by a significant margin. Per Fairlead Strategies, further gains could be in the offing, as COIN is on track to confirm a long-term base pattern breakout. Basing involves an asset consolidating in a price range for a prolonged time following a significant sell-off. The energy built up during the consolidation is unleashed in the direction in which the base is breached, that is, to the higher side, in case of a bullish breakout. “COIN is likely to confirm a long-term base breakout this Friday above near $116 resistance. The breakout is a positive long-term development, suggesting the primary trend has shifted higher,” Fairlead’s analysts team, led by founder and managing partner Katie Stockton, said in a note to clients Monday. According to analysts, the base breakout has opened doors for a rally toward resistance at $160 and potentially $200. Source https://t.me/Blockchain_Explained

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📊 Value Locked in Defi Nears $50B With 34.40% Surge in 46 Days, Led by Top Protocols The total value locked (TVL) in decentr
📊 Value Locked in Defi Nears $50B With 34.40% Surge in 46 Days, Led by Top Protocols The total value locked (TVL) in decentralized finance (defi) is on the brink of surpassing the $50 billion threshold, standing at $48.91 billion currently. This figure marks a significant rebound from the low of $36.39 billion recorded 46 days ago, on October 18. Over this period, the TVL in defi has experienced a robust growth of 34.40%. the top ten defi protocols have shown remarkable performance, with the leading two liquid staking applications spearheading this growth. Tron’s Justlend protocol enjoyed a 6.93% uptick, and Aave’s TVL climbed by 8.61%. Not to be outdone, Uniswap, ranking fifth in terms of TVL size, grew by 15.16% this month, closely followed by Summer Finance with an impressive 18.62% leap. The only exception in the top ten was STUSDT, which saw a marginal decline of 0.33% over the month. The defi landscape also witnessed significant double-digit growth in Spark and Blast. However, Juststables encountered a 29.95% decrease in its TVL value over the last 30 days, and Tron’s SUN protocol also recorded a 23.77% reduction in the same period. As of Sunday, Ethereum dominates the defi space, holding 56.52% of all value, followed by Tron with 15.74%, and BSC with 6.13%. While Ethereum’s TVL rose by 26.48%, Tron’s saw a dip of 3.29% during the month. Source https://t.me/Blockchain_Explained

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🇺🇸 U.S. Judge Warns SEC Over 'False and Misleading' Request in Crypto Case A federal judge on Thursday warned Securities an
🇺🇸 U.S. Judge Warns SEC Over 'False and Misleading' Request in Crypto Case A federal judge on Thursday warned Securities and Exchange Commission (SEC) attorneys that he may sanction them for allegedly convincing a court to freeze a crypto firm's assets under "false and misleading" pretenses, a court filing shows. According to an order issued by U.S. District Judge Robert Shelby of the U.S. District Court in Utah, the SEC's attorneys could be sanctioned for making "misleading" arguments about crypto project Debt Box's alleged efforts to transfer its assets and investors' funds overseas. Sanctions are penalties a court imposes on individuals who sign statements they know to be false or otherwise violate court procedures, according to Law.com's legal dictionary. In civil law, sanctions are usually imposed in the form of monetary fines, according to Law.com. A federal judge first slapped Debt Box with a temporary restraining order, restricting its access to its assets, in August. However, he later dissolved the order after Debt Box demonstrated it had neither moved funds outside the U.S., nor closed its bank accounts two days before a hearing over the SEC's request to freeze its funds, Debt Box's lawyers said in a filing. The SEC's Utah office did not immediately respond to a request for comment. Source https://t.me/Blockchain_Explained

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🟠 Binance's 'VIP' traders were forewarned of $4 billion settlement penalty: Bloomberg Binance's biggest traders, attending a
🟠 Binance's 'VIP' traders were forewarned of $4 billion settlement penalty: Bloomberg Binance's biggest traders, attending a conference in Singapore this September, were privy to the crypto exchange's forthcoming settlement with U.S. authorities during a luxurious private dinner.The exclusive gathering, held in the sophisticated 1880 members-only club, saw a select group of market makers and traders, referred to as VIPs, gain insight into Binance's impending legal turmoil amidst a setting of American Angus beef and Australian truffles, according to several attendees, Bloomberg reported. The attendees broke off into smaller groups and reportedly quizzed Binance executives on the company’s legal troubles, raising the likelihood of a $4 billion fine and leaving convinced the firm could afford and would pay it. Binance’s now-former CEO Changpeng “CZ” Zhao was notably absent, while Richard Teng — who replaced Zhao as CEO last week — was there but asked not to be identified discussing the private gathering, according to Bloomberg. However, the bottom line was that Binance would survive. A Binance spokesperson told Bloomberg the depiction of the event was inaccurate but declined to identify which aspects were wrong. Binance did not respond to a request for comment from The Block. Source https://t.me/Blockchain_Explained

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🆘 November saw $343 million lost to crypto hacks and fraud cases: Immunefi November has clocked up the highest monthly crypt
🆘 November saw $343 million lost to crypto hacks and fraud cases: Immunefi November has clocked up the highest monthly crypto losses of 2023 so far, with over $343 million lost due to hacks and fraud, according to the latest report from web3 bug bounty platform Immunefi. This month’s losses represent more than a 15 times increase from October’s exploits, which were recorded at approximately $22 million. In total, over $1.75 billion has been lost to crypto hacks and rug pulls year-to-date across 296 incidents, Immunefi said. Notably, November saw a shift in focus for crypto attacks. Centralized finance (CeFi) platforms became the main victims, overtaking decentralized finance (DeFi) by total funds lost. During the month, DeFi accounted for 46.2% ($158.6 million) of the losses over 37 incidents and CeFi 53.8% ($184.4 million) over four, primarily led by high-profile attacks on platforms like Poloniex, HTX (formerly Huobi) and Kronos Research. This compares to 72.9% of losses attributed to DeFi exploits in Immunefi’s Q3 report. Crypto attacks over fraud, with more than $335 million lost to hacking incidents in November across 18 incidents. Some 23 fraud incidents resulted in losses worth nearly $7.5 million, according to Immunefi. Source https://t.me/Blockchain_Explained

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🟠 Crypto markets unfazed by DOJ settlement, Binance not going away: K33 Research Bitcoin and ether have shown strong relianc
🟠 Crypto markets unfazed by DOJ settlement, Binance not going away: K33 Research Bitcoin and ether have shown strong reliance over the past week following the U.S. Department of Justice's settlement with crypto exchange Binance on Nov. 21, according to the latest K33 Research report. The DOJ settled a criminal case with Binance last Tuesday, which had probed into alleged money laundering, fraud and sanctions violations. The crypto exchange will pay a $4.3 billion fine, marking one of the largest corporate settlements in U.S. history. While comparisons have been made with the collapse of FTX, "Binance has operated illegally in the U.S., which they will no longer be able to do, but the settlement has nothing to do with mishandling customer funds" and "won’t have any contagious effects in the future," Senior Analyst Vetle Lunde and Vice President Anders Helseth said. The news had little sustained market impact, with bitcoin and ether closing the week with flat returns, though altcoins fell slightly and Binance's BNB token took a significant hit, falling 10%, the analysts noted. Conversely, Uniswap's UNI token rose around 20% over the past week, based on the decentralized exchange being the opposite of a centralized exchange like Binance, the analysts added. Source https://t.me/Blockchain_Explained

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📣 Failure of Multi-Function Crypto Firms a Limited Threat to 'Real Economy': FSB The collapse of crypto firms that engage in
📣 Failure of Multi-Function Crypto Firms a Limited Threat to 'Real Economy': FSB The collapse of crypto firms that engage in multiple activities isn't a big threat to "the real economy," according to a report by the Financial Stability Board (FSB) published Tuesday. The FSB, which monitors financial systems and proposes rules to help prevent financial crises, said it was assessing the financial stability implications of multifunction crypto-asset intermediaries (MCIs) in July. The FSB warns that crypto firms combining different activities are more vulnerable to failure and that mitigating the impact of such a failure depends on how well global crypto regulation is implemented. The report also identified "information gaps" that require enhanced cross-border cooperation and information sharing. The report found that the vulnerabilities of MCIs and firms in traditional finance are not very different. However, vulnerabilities increase when MCIs engage in proprietary trading, market-making on their own trading venues, and lending and borrowing. The FSB said there is a need to assess whether disclosures and reporting requirements of MCIs. Source https://t.me/Blockchain_Explained

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📣 Mint Cash UST 2.0 Confirmed To Have No Terraform Labs Investment The Mint Cash UST 2.0, inspired by the collapse of the on
📣 Mint Cash UST 2.0 Confirmed To Have No Terraform Labs Investment The Mint Cash UST 2.0, inspired by the collapse of the once-famous TerraUSD (UST) stablecoin last year, claims to be launching a fully decentralized stablecoin. Shin Hyojin, the team leader of the stablecoin project Mint Cash UST 2.0, said that the airdrop will include a variety of tokens. The specific details are being finalized, and Mint Cash will seek investment from VCs. Responding quickly to the anticipated airdrop of Mint Cash UST 2.0, Terra’s new stablecoin project. Contrary to expectations of restoring USTC to $1, Mint Cash’s primary goal is to initiate new projects. In essence, the valuation expectations of users for these projects determine the current price expectations of USTC. Terra, once a blockchain giant in 2021 with the widely-used LUNA token and stablecoin UST, faces a significant setback with the collapse of its billion-dollar empire and legal actions against Do Kwon. This led to the emergence of two separate chains, Terra 2.0 and Terra Classic. In a surprising move, Binance, the world’s largest crypto exchange, has announced the launch of a USTC perpetual contract, offering up to 50x leverage after thorough review. Source https://t.me/Blockchain_Explained

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📊 Not Just Bitcoin: MicroStrategy (MSTR) and Coinbase (COIN) Soar to Highest Prices Since 2022 MSTR recently reclaimed the $
📊 Not Just Bitcoin: MicroStrategy (MSTR) and Coinbase (COIN) Soar to Highest Prices Since 2022 MSTR recently reclaimed the $500 level, while COIN trade well above $100. After the atrocious 2022, which saw market prices decline by more than 50% in months amid geo-political tension and industry collapses, almost all crypto-related companies, projects, and assets were struggling at the start of 2023. Two of the giants connected to the space – Coinbase, the largest US-based crypto exchange, and MicroStrategy – the biggest corporate holder of BTC, had their shares’ prices slashed to multi-month lows. COIN entered 2023 at $34, while MSTR was at $145. However, the new year began with a lot more optimism, and both companies’ stocks went on a roll alongside the rest of the market. It took COIN six months to surge past $100, but the stock lost its momentum in the subsequent market retracement. Nevertheless, the highly positive October and November pushed it back north, and CON recently registered its highest price in well over a year at $115. It’s worth noting that these multi-month peaks coincided with similar developments for bitcoin as the primary cryptocurrency recently jumped to $38,500 for the first time in 18 months. MicroStrategy’s multi-billion dollar bitcoin bet stood deep in the red, with the unrealized losses exceeding $1 billion at one point. Source https://t.me/Blockchain_Explained

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💰 Binance’s Settlement With U.S. Authorities Is Positive for Crypto as Well as the Exchange: JPMorgan Binance’s settlement w
💰 Binance’s Settlement With U.S. Authorities Is Positive for Crypto as Well as the Exchange: JPMorgan Binance’s settlement with the U.S. government is positive for the crypto industry as well as the exchange, JPMorgan (JPM) said in a research report Thursday. For the wider market, the exchange's deal “would see significant reduction of a potential systemic risk emanating from a hypothetical Binance collapse,” the report said. It also reinforces an “ongoing shift towards regulated crypto entities and instruments which has been the objective of U.S. authorities post FTX’s collapse. The agreement also reduces the uncertainty surrounding the crypto exchange, which will benefit its trading and BNB Smart Chain businesses, JPMorgan said. It noted that Binance had been losing market share due to uncertainty around this issue. “Its market share loss should be contained going forward and perhaps partly reverse once the implications from the settlement on Binance’s operations and business model become more clear,” the analysts wrote. adding that the involvement of large asset managers such as Blackrock (BLK) and Fidelity in the approval of spot bitcoin ETFs by the Securities and Exchange Commission (SEC) supports this thesis. Source https://t.me/Blockchain_Explained

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🟠 Binance's Ex-CEO CZ 'Poses a Serious Risk of Flight,' Prosecutors Claim in Asking He Stay in U.S. Binance's former CEO, Ch
🟠 Binance's Ex-CEO CZ 'Poses a Serious Risk of Flight,' Prosecutors Claim in Asking He Stay in U.S. Binance's former CEO, Changpeng Zhao (CZ), cannot be allowed to leave the U.S. ahead of his February sentencing on one charge of violating the Bank Secrecy Act, federal prosecutors said in a court filing Wednesday. Zhao pleaded guilty and resigned from the crypto exchange he founded on Tuesday, alongside Binance pleading guilty to multiple criminal and civil charges tied to its allowing U.S. users and users from sanctioned regions to use the platform without adequate know-your-customer. In Wednesday's filing, prosecutors said Zhao, as a citizen of the United Arab Emirates (UAE), had "minimal ties to the U.S." and may not return should he be allowed to leave. They noted that they were not asking for him to be jailed ahead of sentencing – only that he be required to remain in the U.S. His sentencing is currently scheduled for Feb. 23, 2024, and he faces potentially over a year in prison, along with a fine. Under the terms of his current bond agreement, Zhao can leave the U.S., having put up $15 million in a trust account, signed a $175 million personal recognizance bond and found guarantors putting up additional funds. Source https://t.me/Blockchain_Explained

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🆘 HECO Chain Hack Occurs Causing $86 Million In Losses A substantial $86 million has been illicitly transferred from a HECO
🆘 HECO Chain Hack Occurs Causing $86 Million In Losses A substantial $86 million has been illicitly transferred from a HECO account to an undisclosed address, as reported by the on-chain security platform Cyvers Alerts. The stolen assets, detailed by BitJungle Monitor, encompass a variety of cryptocurrencies, including 346,994 TUSD, 42,399 LINK, 619,000 USDC, 173,200 UNI, 346.9 million SHIB, 489 HBTC, 42.11 million USDT, and 10,145 ETH. Peckshield Alert noted an additional 10,145 ETH transfer, suggesting a potential compromise of the operator’s address in the HECO Chain hack. Justin Sun confirmed the compromise between HECO Chain and HTX in a recent statement, assuring users that HTX would fully compensate for losses incurred in the hot wallet. Deposits and withdrawals on the platform are temporarily suspended, emphasizing the platform’s commitment to securing the remaining funds during the investigation. The HECO Chain hack follows a previous $8 million exploit of HTX in October, where hackers pilfered 500 ETH. Despite the breach, HTX emphasizes that all funds within the platform remain secure, and users can trust the implemented security measures. The platform’s proactive suspension of deposits and withdrawals underscores its dedication to mitigating potential risks and protecting user assets during the ongoing investigation. Source https://t.me/Blockchain_Explained

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💰 Celsius recovery plan hits road block at the SEC: report The recovery plan for Celsius hit a road block at the Securities
💰 Celsius recovery plan hits road block at the SEC: report The recovery plan for Celsius hit a road block at the Securities and Exchange Commission, with the regulator wanting more information about the bankrupt crypto lender's assets, CoinDesk reported, citing a source familiar with the matter. "The way I'm interpreting it is the SEC is telling the committee what they want to see for various parts of the business, and now the committee has to decide what they're going to do with that information." The SEC wants more information about Celsius’s bankruptcy recovery plan, CoinDesk reported, citing a source familiar with the matter. The conversations include the SEC, the Celsius Creditors Committee and Fahrenheit Group. The firm filed for Chapter 11 bankruptcy protection in July 2022 after it was revealed to have a $2 billion hole in its balance sheet. On Nov. 9, a New York judge approved a plan for Celsius to pay off its debt through the use of a new mining firm, in which Fahrenheit Group would oversee the payment of $2 billion worth of bitcoin and ether to creditors. However, the move had to be approved by the SEC, The Block previously reported. Source https://t.me/Blockchain_Explained

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⬜️ OKX Seeks Virtual Asset Trading License from Hong Kong Authorities! Hong Kong Securities and Futures Commission (SFC) has
⬜️ OKX Seeks Virtual Asset Trading License from Hong Kong Authorities! Hong Kong Securities and Futures Commission (SFC) has issued an updated list of applicants seeking virtual asset trading license from Hong Kong trading platform. Among the recent applicants, OKX Hong Kong FinTech Company Limited has submitted its application on November 16, signaling its intent to secure approval for its virtual asset trading platform, known as “OKX.”. OKX’s application, two other virtual asset trading platforms, Meex and PantherTrade, had already submitted their license applications on October 12 and November 15, respectively. OKX Global Chief Commercial Officer, Li Zhikai, expressed the platform’s commitment to progressive regulation, positioning OKX as an advocate for responsible and compliant practices in the digital asset space. Zhikai emphasized the belief that the global digital asset ecosystem is moving toward increased regulation, aligning with OKX’s proactive approach to compliance. The submission of OKX’s application marks a pivotal step in the platform’s journey, reflecting its dedication to operating within a regulated framework and contributing to the establishment of a robust and secure virtual asset trading environment in Hong Kong. The evolving regulatory landscape is likely to shape the future trajectory of digital asset platforms, fostering a more secure and transparent ecosystem for investors and traders alike. Source https://t.me/Blockchain_Explained

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🇺🇸 Elizabeth Warren highlights surge in crypto scams against seniors, endorses new protective legislation Senator Elizabeth
🇺🇸 Elizabeth Warren highlights surge in crypto scams against seniors, endorses new protective legislation Senator Elizabeth Warren warned of cryptocurrency scams targeting seniors during a U.S. Senate Special Committee on Aging on Nov. 16. She emphasized that such fraud often targets the aging population, noting that last year saw a 350% rise in crypto investment scams targeting seniors. Warren said that this was the largest increase for any age group. She said that this amounted to over $1 billion in losses. Warren also interviewed an expert witness, Steve Weisman, a lawyer and Senior Lecturer at Bentley University and the main editor for Scamicide.com. In response to Warren’s questions, Weisman suggested that seniors are especially vulnerable to cryptocurrency scams because of changes to the brain involved in aging, as well as greed and the “fear of missing out” (FOMO) that is common in crypto.Weisman suggested that cryptocurrency’s anonymity is “terrific” and aids scammers. He said that although specific attacks have been traced, crypto that is moved through coin mixers is challenging to trace. Source https://t.me/Blockchain_Explained

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🪙 Fidelity files for spot Ethereum ETF, says approval would be 'major win' for US investors Asset management giant Fidelity
🪙 Fidelity files for spot Ethereum ETF, says approval would be 'major win' for US investors Asset management giant Fidelity has filed for a spot ether ETF, in the footsteps of its spot bitcoin ETF application. "To this point, approval of a Spot ETH ETP would represent a major win for the protection of U.S. investors in the crypto asset space," the filing states, claiming that investors are facing significant risk without such products as they seek alternative, riskier ways to get exposure. Fidelity has filed for a spot ether ETF, following its spot bitcoin ETF application. The filing noted the recent Grayscale court ruling where the court said the SEC had failed to find a coherent reason why it should reject spot crypto ETFs when it had allowed futures-based products."To this point, approval of a Spot ETH ETP would represent a major win for the protection of U.S. investors in the crypto asset space," the filing states, claiming that investors are facing significant risk without such products as they seek alternative, riskier ways to get exposure. In June, Fidelity filed for a spot bitcoin ETF, shortly after BlackRock entered the race. The Block broke the news ahead of the filing. Source https://t.me/Blockchain_Explained