The authority on agriculture in Abu Dhabi, United Arab Emirates (UAE) issued an advisory to farmers prohibiting mining crypto on farms. The Abu Dhabi Agriculture and Food Safety Authority reportedly told farmers that farms cannot be used as a site for mining cryptocurrencies. The government agency said the activity is considered a “misuse of the farm for…

The United States Securities and Exchange Commission (SEC) approved spot Ether exchange-traded funds (ETFs) on May 23, but the approval process differed slightly from the approval of spot Bitcoin ETFs in January. Unlike the spot Bitcoin ETFs approved via voting by a five-member committee including SEC chief Gary Gensler, spot Ether ETFs were approved by the Trading and Markets…

The approval of spot Ether (ETH) exchange-traded funds is “implicit recognition” from the United States Securities and Exchange Commission that Ether is not a security, according to industry pundits. One even suggests this could extend to other tokens as well. “These are commodities-based trust shares, so the SEC, by approving these, is explicitly saying they’re…

The Fantom Foundation, the organization behind the Fantom decentralized network, recently announced the creation of a new foundation for facilitating the launch of their new, upcoming Sonic chain. On May, 23, Fantom Foundation CEO Michael Kong announced the new foundation on the blockchain network’s blog. Kong wrote: “Our team is steadfast in exploring how the…

In a second landmark decision this year, the United States Securities and Exchange Commission has given the regulatory green light to spot Ether exchange-traded funds (ETFs) in the United States. Ina May 23 filing, the SEC approved the 19b-4 filings from VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and Bitwise — approving the rule changes allowing…

A potential return of Bitcoin to $73,000 could mark the beginning of the asset’s acceleration to “escape velocity,” according to a crypto analyst. Escape velocity is a term used in astrophysics to describe the minimum speed needed for an object to escape from the gravitational field of a celestial body, like a planet or moon, without…

Wallet application MetaMask is reportedly working to support native Bitcoin, joining several firms looking to expand services and products across the Bitcoin ecosystem. The integration could be available in June and delivered in batches, with features expanding over time, notes a report citing sources familiar with the matter. In response to Cointelegraph, MetaMask has not confirmed or…

A bill clarifying the United States securities and commodities regulator’s roles in policing crypto is headed to an unknown future as it makes its way to the Senate before hitting U.S. President Joe Biden’s desk. The Republican-led Financial Innovation and Technology for the 21st Century Act (FIT21), or H.R. 4763, passed the House on May 22 with…

On May 17, Ethereum co-founder Vitalik Buterin proposed a unique solution to combat Ethereum’s miner extracted value (MEV) problem. Miner extracted value refers to a practice where block producers seek to maximize profits by using intricate market strategies to arrange transactions within a block. Buterin provided one such example: “Consider decentralized exchanges like Uniswap. Suppose that at…

Five potential spot Ether exchange-traded fund (ETF) issuers have submitted amended 19b-4 filings after receiving last-minute feedback from the Securities and Exchange Commission. Several filings show changes from asset managers Fidelity, VanEck, and Franklin Templeton along with joint applications from Galaxy and Invesco, and ARK Invest and 21Shares. The amendments saw Fidelity, Franklin Templeton and ARK…