#21:00-7:00: The Latest News in Crypto and Beyond
21:00-7:00 Key words: US SEC, Coinbase, Starknet, Magic Eden
Overview of important developments overnight on March 23rd
As the world of cryptocurrency continues
21:00-7:00 Key words: US SEC, Coinbase, Starknet, Magic Eden
Overview of important developments overnight on March 23rd
As the world of cryptocurrency continues to grow, there have been some major updates and news announcements in the past few weeks that are worth keeping up with. From the US SEC to new developments in DeFi, here’s all you need to know about what’s been happening between 21:00 and 7:00 – when the rest of the world is sleeping.
##1. US SEC Delays Bitcoin ETF Decision
On August 10th, the US Securities and Exchange Commission (SEC) delayed its decision on approving a Bitcoin ETF (exchange-traded fund) proposed by asset management firm VanEck. This came as a disappointment to many who were hoping for the first Bitcoin ETF to be approved in the US, as it could open the doors for institutional investors to enter the Bitcoin market.
##2. Coinbase to Launch Crypto App Store
Coinbase, one of the most popular cryptocurrency exchanges in the US, announced on August 10th that it plans to launch a “crypto app store” that will allow users to access a variety of DeFi (decentralized finance) apps from one platform. This move could help simplify the DeFi space for beginner users, and make it easier for developers to get their DeFi apps in front of a larger audience.
##3. StarkNet Mainnet Launches
On August 8th, the team behind StarkWare, a blockchain scalability company, announced the launch of StarkNet Mainnet – a Layer 2 scaling solution for Ethereum that promises high throughput and low fees. This news is important for the Ethereum community, as it could help alleviate the current congestion and high gas fees on the Ethereum network.
##4. Magic Eden Raises $6 Million in Seed Funding
Magic Eden, a decentralized NFT (non-fungible token) exchange, announced on August 11th that it has raised $6 million in seed funding led by Placeholder and joined by Electric Capital and others. Magic Eden’s platform is designed to be user-friendly and secure, making it a promising contender in the growing NFT market.
##Conclusion
From regulatory delays to innovative new projects, the world of cryptocurrency is constantly evolving. Keeping up with the latest news and developments is crucial for anyone looking to stay ahead in this fast-paced industry.
###FAQs
Q: What is a Bitcoin ETF?
A: A Bitcoin ETF is an investment fund that tracks the price of Bitcoin, making it easier for institutional investors to invest in Bitcoin without having to hold it directly.
Q: What is DeFi?
A: DeFi (decentralized finance) is a new sector of the cryptocurrency industry that aims to offer financial services using decentralized blockchain technology, rather than relying on traditional financial institutions.
Q: What are NFTs?
A: NFTs (non-fungible tokens) are unique digital assets that are verified on a blockchain, making them rare and valuable. They are used for a wide range of applications, from art to gaming.
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