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Peter Davis

An writer at FOMOdrive

  • Oct 14, 2023
  • 2 min read

SPB Exchange is ready to launch cryptocurrency trading

The US inflation data had little effect on Bitcoin, while stocks dropped and the dollar strengthened.

Edward Snowden cautioned about the potential dangers linked to Bitcoin ETFs.

21Shares and ARK Invest have modified their proposal to introduce a Bitcoin ETF on the spot market.

The annual minimum price of Ethereum gas has been revised.

Bitcoin is gaining more and more traction among traders, as evidenced by the increasing futures premiums and expectations of approval of spot ETFs, according to K33 Research. This has caused Ethereum to lose ground, and Bitcoin's dominance has reached two-year highs.

The median price of gas on the Ethereum network has dropped to its annual minimum of 6.8 Gwei, similar to the values recorded approximately 12 months ago. This decrease in the indicator is due to a reduction in Total Value Locked (TVL) in the DeFi sector, trading in the non-fungible token segment, and the activity of Telegram bots.

Bloomberg viewed the changes made by Ark Invest to its joint application with 21Shares to register a spot Bitcoin ETF as a "good signal," indicating that the SEC's comments had been taken into account and the noted deficiencies had been addressed.

Edward Snowden, a former employee of the NSA and CIA, warned of the potential dangers of traditional financial institutions entering the crypto market, such as through spot Bitcoin ETFs. He expressed concern that these large funds could acquire "too much power" over the asset. Additionally, he highlighted Bitcoin's "lack of true anonymity," which makes it simple for governments to monitor transactions.

Trezor has unveiled a new range of products designed to store cryptocurrencies and passwords, targeting new users. The company predicts that this will result in a threefold increase in the crypto market's user base during the next bull market.

Uniswap, a decentralized exchange, has unveiled a crypto wallet for Android devices. The beta version of the app is compatible with Ethereum, Polygon, Optimism, and Arbitrum, with more networks to be added in the near future.

Roman Goryunov, the head of St. Petersburg Exchange, has stated that if the necessary laws are passed in Russia, the platform is prepared to start trading in Bitcoin and other digital currencies. He believes that eventually, the world of cryptocurrency will be integrated with the world of traditional financial instruments.

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