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Best New Online Casinos For US Players

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Looking for the latest new online casinos offering a variety of games including slots, roulette, and blackjack? Discover our top 10 picks for the most promising brand new casino sites in the USA. Dive into our comprehensive guide for in-depth reviews, comparative analyses, and all the essential information on the newest USA online casinos for 2024.

We strive to bring you the latest developments from the online gambling world, so we’re always scouring the web for the newest online casinos, as well as the established players that continue to innovate. So, if you’re looking to try out a brand new online casino, check out our suggestions below.

The Best Brand New Casino Sites In The USA

Before we review some of the best new casino sites on the market, here’s a snapshot of the platforms that made our shortlist:

  1. DuckyLuck – Best New Online Casino in the USA
  2. Wild Casino – A Jungle of Online Gambling Fun
  3. High Roller Casino – A Premier Destination for Elite Gaming
  4. Bovada – A Fusion of Sports and Casino Thrills
  5. Las Atlantis –  New Online Gambling Site For US Players
  6. BetOnline –  Established Casino & Betting Sites
  7. Super Slots – Best New Casino for Slot Players
  8. BetUS – Top New Gambling Site For Betting Games
  9. El Royale – Another Best US New Casino

Brand New Online Casinos US Reviewed

We’ve handpicked five new online casinos that we think offer some of the best slots and table game action you’re likely to find anywhere on the market. So, without further ado, let’s dive into the reviews.

1.   DuckyLuck Casino – A Fresh Take on Online Gaming

DuckyLuck Casino is an engaging online gaming platform that offers a delightful theme and top-notch gaming experience. Its theme, centered around cartoon ducks, brings a unique and playful atmosphere to the online casino world. The site’s design is not just about aesthetics either – it’s also incredibly user-friendly. The interface is intuitive, making navigation a breeze for both new and seasoned players. This combination of a fun theme and ease of use sets DuckyLuck apart from many other platforms out there today.

In terms of game selection, DuckyLuck features an impressive array of games from renowned developers like NetEnt, Microgaming, and Play’n GO, ensuring high-quality gaming experiences. Popular slots like Demon’s Delight and Cobra King sit alongside classic table games, including various forms of blackjack and roulette. What’s more, DuckyLuck offers specialty games like bingo and keno, catering to a wide range of gaming preferences. The inclusion of a live casino section adds another layer, offering an immersive experience with live dealers.

The bonus and promotion structure at DuckyLuck is particularly enticing. New players are greeted with a generous welcome bonus, which is currently a 500% welcome bonus worth up to $2,500 along with 150 free spins or a 600% bonus if you deposit with cryptocurrency.

Another of DuckyLuck’s standout features is its commitment to customer satisfaction. The platform offers robust customer support, including live chat and email assistance. Additionally, its mobile compatibility ensures a seamless gaming experience across all devices, which is crucial in today’s on-the-go lifestyle.

Pros:

  • Unique and playful theme
  • Wide variety of games
  • Attractive bonus
  • Excellent customer support

Cons:

  • Limited information on the website regarding licensing and security

>>>Join Ducky Luck Casino<<<

2.   Wild Casino – A Jungle of Online Gambling Fun

Stepping into Wild Casino feels like embarking on a thrilling adventure through a gaming jungle, thanks to the site’s wild jungle aesthetic. The interface is meticulously designed for easy navigation, ensuring that players can effortlessly find their favorite games or explore new ones. This focus on a user-friendly experience is paramount at Wild Casino, making it a destination for both seasoned gamblers and those new to online gaming.

The selection of games at Wild Casino is as diverse as you’d expect from a  jungle-themed site! The site boasts a wide array of titles from prominent developers such as DGS, Urgent, Nucleus Gaming, BGaming and Betsoft. The live dealer section is particularly notable, providing an immersive and interactive gaming experience that brings the casino floor to the screen.

Bonuses and promotions at Wild Casino are designed to enhance the gaming journey. Newcomers are welcomed with a matched deposit bonus worth up to $5,000 – one of the bigger offers out there. All you need to do to claim it is open an account and use the Wild Casino promo code WILD250 when making your first deposit. Loyal users are not left out though, Wild Casino also offers a 10% weekly rebate, along with Wild Wednesdays and Tuesday Top Up – each of which offer opportunities to boost your gaming funds.

What sets Wild Casino apart is its emphasis on cryptocurrency transactions. The platform is at the forefront of adopting various cryptocurrencies, offering players a secure and fast way to deposit and withdraw funds. This modern approach to banking is complemented by robust customer support and high-level security measures, making Wild Casino a reliable and forward-thinking choice in the online gaming world. Wild Casino also offers a crypto-specific welcome offer worth up to $9,000, with the bonus code CRYPTO300.

Pros:

  • Engaging jungle-themed interface.
  • Wide variety of games from top-tier developers
  • Attractive bonuses and dynamic promotions
  • Huge crypto promotion

Cons:

  • Limited options for traditional banking methods

>>>Join Wild Casino<<<

3.   High Roller Casino – A Premier Destination for Elite Gaming

High Roller Casino sets itself apart as a premier online gaming destination, catering to players seeking a gaming experience with a certain sense of prestige. The casino’s theme is based on classic casino tropes,  creating an atmosphere reminiscent of exclusive, high-stakes casino floors of the jazz age. Its interface is designed with the discerning player in mind, offering a seamless and intuitive navigation experience.

High Roller Casino partners with industry-leading developers like Evolution Gaming and Quickspin to provide a top-tier gaming experience. Players can indulge in a rich selection of slots, including high-stakes titles and progressive jackpots. The table game assortment is equally impressive, featuring various renditions of blackjack, roulette, and baccarat, each designed to provide an authentic and thrilling experience. The live casino segment further elevates the gaming experience, offering real-time interaction with professional dealers.

High Roller Casino’s bonus offerings are as grand as its theme. In fact, the welcome bonus is one of the biggest we’ve come across, with new players able to claim multiple matched deposit bonuses worth up to $9,000! You’ll need to use the High Roller bonus code HR200 for your initial deposit, then HR100 for your next four deposits if you wish to claim the full amount.

A distinctive aspect of High Roller Casino is its VIP program, designed to reward loyalty with exclusivity. The program offers personalized services, including dedicated account managers, tailored bonuses, and access to exclusive events. This focus on personalized attention ensures that every player feels valued and pampered. Combined with robust security measures and a variety of banking options, High Roller Casino offers a comprehensive and elite online gaming experience.

Pros:

  • Elegant theme
  • Premium selection of games
  • Exclusive VIP program
  • Massive welcome bonus

Cons:

  • The high-value bonuses may not suit casual players

>>>Join High Roller Casino<<<

4.   Bovada Casino – A Fusion of Sports and Casino Thrills

Bovada Casino is a well-established platform that offers both online sports betting and casino gaming. The site’s design strikes a balance between the excitement of a sportsbook and the classic charm of a casino, catering to a diverse range of players. The interface is highly intuitive, facilitating easy access to all gaming and betting options. This dual focus on sports and casino entertainment makes Bovada a go-to destination for players seeking a comprehensive online gaming experience.

At Bovada, the game selection is designed to cater to a wide array of preferences. The casino boasts a diverse range of slots and table games from reputable providers like Real Time Gaming and Rival. Players can enjoy popular slot titles, classic card games, and a variety of roulette options. The poker room is a standout feature, offering a range of tournaments and cash games. Bovada also excels in its sportsbook, providing extensive betting options on a variety of sports, from football to eSports.

Promotions at Bovada are very respectable and the platform is known for having competitive playthrough requirements. At the time of writing, Bovada is offering new users a deposit bonus worth up to $3,000, with the bonus code CAWELCOME100. Alternatively, those depositing with Bitcoin can grab a deposit bonus worth up to $5,000, using the Bovada promo code BVCBITCOIN150. Of course, the platform also offers ongoing promotions for its loyal user base, as well as offering a refer-a-friend scheme.

Bovada’s most notable feature has to be its seamless integration of sports betting and casino gaming. This combination allows players to switch effortlessly between betting on their favorite sports and enjoying casino games. Additionally, the site is known for its reliable customer support and secure, efficient payment options, including cryptocurrency transactions, enhancing its appeal to modern gamers.

Pros:

  • Sports betting and casino gaming.
  • Wide range of games
  • Tailored promotions for both casino and sports betting.
  • Efficient and secure banking options, including cryptocurrencies.

Cons:

  • Restricted access in certain countries

>>>Join Bovada Casino<<<

Comparison of New Online Casinos Accepting US Players

Now we’ve reviewed some of the best new online casinos for US players, it’s worth taking a look at how they measure up against one another. With this in mind, we’ve put together the following table as a handy reference.

New Casino Welcome Bonus Total Number of Games Types of Games Available Software Providers
DuckyLuck 500% bonus worth up to $2,500 200+ Slots, blackjack, poker, baccarat, roulette Real-Time Gaming, Saucify
Wild Casino 250% bonus on first deposit up to $1,000 + plus 100% bonus on next 3 deposits up to $5,000 255 Slots, blackjack, poker, baccarat, roulette, keno, craps Betsoft, Nucleus Gaming
High Roller Casino Multi-tier deposit match up to $8,000 250+ Slots, blackjack, poker, baccarat, roulette, DGS, Betsoft, Real-Time Gaming, Rival
Bovada Deposit match up to $3,000 200+ Slots, blackjack, poker, baccarat, roulette, keno Real-Time Gaming, Rival Gaming
Las Atlantis Deposit match up to $2,800 250+ Slots, blackjack, poker, baccarat, roulette, keno, bingo, craps Real-Time Gaming
BetOnline 3x 100% deposit match up to $1,000 each time 250+ Slots, blackjack, poker, roulette, keno, craps Real-Time Gaming, Rival
Super Slots Welcome offer worth up to $6,000 200+ Slots, blackjack, baccarat, roulette, keno Rival Gaming, Real-Time Gaming
BetUS 50% deposit match up to $625 200+ Slots, blackjack, poker, baccarat, roulette, keno, craps Visionary iGaming, Betsoft, Fresh Deck Studios, Magma
El Royale 250% deposit match up to $12,500 175+ Slots, blackjack, video poker, baccarat, roulette, keno, craps Rival Gaming, Real-Time Gaming

 

How We Find the Best New Online Casinos in America

The online casino landscape is constantly evolving, with new platforms launching all the time. For players in America, finding the best new online casinos can be challenging, given the plethora of options available. This is where impartial, objective reviews become invaluable. Our reviews are grounded in extensive research and analysis, focusing on a wide range of factors that contribute to a comprehensive and enjoyable gaming experience. We aim to deliver unbiased insights, helping players make informed decisions about where to play.

These reviews are crucial not just for highlighting the strengths and weaknesses of each new casino but also for ensuring that players have access to safe and reliable gaming environments. Our evaluation process is thorough, covering everything from game selection and bonuses to security measures and customer support.

Appearance and User Experience

When reviewing new online casinos, the first thing we consider is the appearance and user experience. An intuitive, well-designed website is essential for a positive gaming experience. We evaluate the ease of navigation, the quality of the graphics, and the overall aesthetic appeal of the site. A user-friendly interface that allows players to easily find their favorite games, access customer support, and understand the casino’s terms and conditions is a key factor in our reviews.

Sites that balance a great theme with a smooth user experience, such as Wild Casino and DuckyLuck, always score well with us when it comes to this part of the review process.

Games Selection and Software

The variety and quality of games are crucial in our assessments. We explore the range of slots, table games, video poker, and other specialties offered by the casino. It’s also important that these games are powered by reputable software providers, ensuring fair play and high-quality graphics and sound. We look for casinos that cater to a wide range of gaming preferences, with a selection that is regularly updated with new and exciting titles.

New Casino Software Providers # Games # Blackjack Games # Roulette Games
DuckyLuck Real Time Gaming, Saucify 200+ 4 2
Wild Casino Betsoft, Nucleus Gaming 255+ 11 8
High Roller Casino DGS, Betsoft 3,000+ 20 12
Bovada Real Time Gaming, Rival 200+ 9 38
Las Atlantis Real Time Gaming 255+ 12 20
BetOnline Real Time Gaming, Rival 250+ 18 13
SuperSlots Real-Time Gaming, Rival, Visionary iGaming 300+ 25 15
BetUS Betsoft, Dragon Gaming 300+ 16 5
El Royale Real-Time Gaming, Rival 300+ 25 15

 

Bonuses and Promotions

We thoroughly evaluate the bonuses and promotions offered by new online casinos. This includes welcome bonuses, free spins, no-deposit bonuses, reload bonuses, and loyalty programs. Our focus is on the value of these offers and the fairness of their terms and conditions, such as wagering requirements and withdrawal limits.

New Casino Bonus Offer Wager Requirement Expiration Date
DuckyLuck Up to $2,500 on first  deposits 30x Not specified
Wild Casino Deposit match of up to $5,000 35X 30 Days
High Roller Casino Bonus Up To $8,000 35X 30 Days
Bovada Up to $3,000 deposit bonus 25X Not specified
Las Atlantis 100% deposit bonus up to $2,800 35X Not specified
BetOnline $1,000 welcome bonus 30X Not specified
SuperSlots Up to $6,000 40X Not specified
BetUS 150% up to $3,000 30X 14 Days
El Royale 250% up to $12,500 35X Not specified

 

Additional Features

Unique features that enhance the gaming experience are also a point of consideration. This could include innovative game features, customization options, or user-friendly tools for responsible gaming. Casinos that go the extra mile to offer something unique or particularly user-centric score higher in our evaluations.

Casino Additional Features
Wild Casino VIP program

Accepts Bitcoin payments

DuckyLuck Generous Loyalty bonus scheme

Accepts numerous cryptocurrencies

High Roller Casino Huge bonuses

Superb live casino

Bovada Outstanding crypto bonuses

Stellar casino games

Las Atlantis Huge welcome bonus

Weekly promotions

El Royale Superior mobile compatibility

Excellent variety of casino games

BetOnline Hefty welcome bonus

Impressive live dealer

Great game variety

SuperSlots Numerous bonuses

A plethora of high-quality casino games

BetUS Live dealer games

Special Daily Promos

 

License and Security

The legality and security of a casino are non-negotiable aspects for us. We verify the casino’s licensing information, ensuring they are regulated by a reputable authority. The implementation of security measures like SSL encryption to protect player data and transactions is also a critical factor in our review process.

VIP Schemes

For players seeking an extra level of service, we examine the VIP schemes of new casinos. We look at how these schemes reward loyalty and what benefits they offer, such as exclusive bonuses, personal account managers, and faster withdrawals.

Mobile Gaming

With the increasing importance of mobile gaming, we assess the casino’s performance on mobile devices. This includes the availability and quality of a mobile app or a responsive website design, as well as the selection of games available on mobile platforms.

Live Casino

The live casino experience is an integral part of modern online gambling. We review the variety and quality of live dealer games, including the professionalism of the dealers, the streaming quality, and the overall immersive experience provided.

Banking Options

Lastly, we consider the variety and reliability of banking options available for deposits and withdrawals. This includes the speed of transactions, the presence of popular and accessible payment methods, and any associated fees or limits.

New Casino Payment Options Deposit/Withdrawal Fees Payout Times
Wild Casino Credit Card, eCheck, BTC, BCH, ETH, LTC, XRP, DOGE, ADA, LINK, APE, AVAX, BNB, MATIC, SHIB, SOL, XLM, USDT, USDDC None 24-48 hours
DuckyLuck Credit Card, E-payments, BTC, ETH, USDT, LTC, BNB, DOGE,  USDC Crypto no. Fiat yes. 24 hours
High Roller Casino Credit Card, eCheck, BTC, BCH, ETH, LTC, SHIB, USDT, TRON, SOL, ADA, XRP, bank transfer, EZeeWallet None 24 hours
Bovada Credit Card, Moneygram, P2P, BTC, LTC, BCH, ETH, USDT, SHIB, SOL, XLM None 24 hours
Las Atlantis Credit Cards, BTC, LTC, ETH, USDT, Flexepin, NeoSurf None 1-5 days
BetOnline Credit Card, eCheck, BTC, BCH, ETH, LTC, XRP, DOGE, ADA, LINK, APE, AVAX, BNB, MATIC, SHIB, SOL, XLM, USDT, USDDC, P2P, MoneyOrder, Wire Transfer Yes 24 hours
SuperSlots Credit Card, eCheck, BTC, BCH, ETH, LTC, XRP, DOGE, ADA, LINK, APE, AVAX, BNB, MATIC, SHIB, SOL, XLM, USDT, USDDC None 1-5 days
BetUS Credit Cards, Bankwire, BTC, BCH, ETH Yes 24 hours
El Royale Credit Cards, BTC, LTC, ETH, USDT, Flexepin, NeoSurf None 1-5 days

By thoroughly appraising the aspects outlined above, we aim to provide a detailed and accurate portrayal of new online casinos in America, helping players find platforms that are not only entertaining and varied but also safe, secure, and suited to their individual preferences.

What to Look For when Choosing a New Online Casino in the USA

When diving into the world of online casinos, especially in a market as vast as the USA, knowing what to look for in a new casino is crucial. With an abundance of options, each promising a unique gaming experience, it can be overwhelming to determine which one is the best fit for you. This is where the importance of impartial and objective reviews becomes evident. These reviews serve as a guiding light, offering insights into various aspects of an online casino that you might not initially consider. They help in breaking down the offerings of each casino in an unbiased manner, allowing you to make an informed decision based on your gaming preferences and needs.

Objective reviews are particularly important in the ever-changing landscape of online gaming in the USA. With new casinos popping up regularly, reviews from sites like Crypto2Community keep you updated on the latest and most reliable options. They evaluate casinos on a range of factors, from game selection and user experience to security measures and customer support.

Brand

The company behind a new online casino is one of the first elements to consider. A strong brand often reflects a level of professionalism and quality. Look into the casino’s branding elements like website design, theme, and overall user experience. A well-established brand with a polished and professional appearance can be a good indicator of the casino’s commitment to providing a quality gaming experience.

History and Reputation

Examining the history and reputation of a new online casino is crucial. Even if the casino itself is new, it may be operated by a company with a long-standing presence in the industry. Research the operator behind the casino to understand their experience and track record in the field. A good reputation, especially in regards to fair play and customer service, is a strong sign of a reliable and enjoyable casino.

Brands like BetUS, Bovada and BetOnline, for example, have well-established track records in delivering top-tier online gambling experiences.

Existing Reviews

Look for existing reviews of the casino from both experts and regular players. Professional reviews will provide an in-depth analysis of the casino’s offerings, while player reviews can offer insight into the real-world experience of using the casino. Pay attention to comments on aspects like the ease of withdrawals, game fairness, and customer support responsiveness. Both positive and negative reviews can give you a well-rounded view of the casino’s operations.

Bonuses

Bonuses are a significant attraction for many players in online casinos. Evaluate the types and generosity of bonuses offered by the new casino, including welcome bonuses, no-deposit bonuses, free spins, and loyalty programs. However, it’s equally important to read the terms and conditions associated with these bonuses. Look for reasonable wagering requirements and restrictions to ensure these bonuses offer real value.

New Online Casino Payment Methods

The variety of payment methods available plays an important – and often overlooked – role in the overall gaming experience. For players, the convenience, security, and speed of transactions are paramount, and these factors heavily depend on the chosen payment method. The best casinos understand this and strive to offer a diverse range of options to cater to the preferences and needs of different players. A broad selection of payment methods not only enhances accessibility but also reflects the casino’s commitment to providing a user-friendly experience.

Traditional Payment Methods

Traditional payment methods, such as debit cards, bank transfers, and telephone payment requests, remain popular in new online casinos. Debit cards offer a straightforward and widely accepted way to make deposits and withdrawals, with most players already familiar with their use. Bank transfers, while sometimes slower, are preferred for their high levels of security and suitability for larger transactions.

Telephone payment requests are another secure method, allowing players to make deposits through a phone call, adding the charge to their phone bill or deducting it from their balance, which can be a convenient option for those who prefer not to use online banking methods.

Cryptocurrency

Cryptocurrency has become increasingly popular in new online casinos, providing a modern alternative to traditional banking methods. Coins like Bitcoin, Ethereum, and Litecoin offer several advantages, including anonymity, low transaction fees, and often quicker processing times. They also add an extra layer of security, as they do not require players to share sensitive banking information with the casino. Many new online casinos are embracing cryptocurrency, recognizing its growing popularity and the added value it offers to tech-savvy players.

E-Payment Options

E-payment options, encompassing e-wallets and online payment systems, are a staple in new online casinos. Services like PayPal, Skrill, Neteller, and others offer a fast, secure, and convenient way to manage casino funds. These methods are known for their quick processing times, both for deposits and withdrawals. E-wallets also provide an additional layer of security since they act as a middleman between the player’s bank and the casino, meaning sensitive financial information is not directly shared with the gaming site. Their ease of use and efficiency make them a popular choice among online casino players.

Best New Online Casino in the USA

There are plenty of fantastic new online casinos available to US players – ranging from quirky pop-up sites to platforms looking to recreate the ultimate casino experience. Of course, the established players are also continuously updating their offerings, so don’t be afraid to revisit old favorites.

For our editor’s pick, we highly recommend Wild Casino. With its diverse range of payment options, including traditional methods, cryptocurrencies, and e-wallets, it stands out as a top choice for players seeking flexibility and security in their transactions. Wild Casino not only offers a broad spectrum of payment methods but also provides a fantastic gaming experience with a wide variety of games and generous bonuses.

Alternatively, if you are looking for something a little more traditional, you could check out High Roller Casino, which is an up-and-coming platform that has focused on providing an authentic casino experience.

Best New Online Casino in the USA – FAQs

Can I use multiple payment methods in online casinos?

Yes, most online casinos allow players to use multiple payment methods. You can usually choose different methods for deposits and withdrawals as per your convenience.

Are there any fees associated with using e-payment options in online casinos?

This varies depending on the casino and the specific e-payment service. Some casinos and e-payment platforms may charge a small fee, while others offer fee-free transactions.

How quickly are payments processed in online casinos?

Payment processing times vary based on the method used. E-wallets and cryptocurrencies often offer the fastest processing times, while traditional bank transfers may take several business days.

Is it possible to withdraw winnings using a different method than the one used for deposits?

Yes, in most cases, online casinos allow you to use a different method for withdrawals than the one used for deposits. However, certain restrictions might apply, and it’s always best to check with the casino’s policies.

How do I choose the best payment method for me in an online casino?

Consider factors like transaction speed, security, convenience, and any potential fees. It’s also important to choose a method that’s available in your region and suits your personal gaming and financial preferences.

All Design And Engineering of Original Tesla Roadster is Now Fully Open Source

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Tesla has made a bold move by releasing all the design and engineering details of its original Roadster model to the public domain. This means that anyone can access, modify, and use the information for their own purposes, without any legal restrictions or fees. Tesla hopes that this will inspire more innovation and collaboration in the electric vehicle industry, as well as foster a culture of openness and transparency.

The original Tesla Roadster was launched in 2008 as the first highway-capable all-electric sports car. It was based on the Lotus Elise chassis, but featured a unique battery pack, powertrain, and software. The Roadster achieved a range of 245 miles per charge, a top speed of 125 mph, and an acceleration of 0-60 mph in 3.7 seconds. It was also the first production car to use lithium-ion battery cells, which are now widely used in electric vehicles.

Tesla stopped producing the Roadster in 2012, after selling about 2,500 units worldwide. The company has since focused on developing its Model S sedan, Model X SUV, Model 3 compact car, and Model Y crossover.

Tesla also plans to launch a new version of the Roadster in 2022, which is expected to have a range of 620 miles, a top speed of over 250 mph, and an acceleration of 0-60 mph in 1.9 seconds.

By making the original Roadster open source, Tesla is not only sharing its legacy, but also its vision for the future. Tesla believes that electric vehicles are the key to reducing greenhouse gas emissions and combating climate change. Tesla also wants to accelerate the transition to sustainable energy by making its technology accessible to everyone.

Cybertrucks are on their way to Tesla stores in North America

Tesla fans and enthusiasts have been eagerly waiting for the arrival of the Cybertruck, the futuristic electric pickup truck that was unveiled by Elon Musk in 2019. The Cybertruck promises to deliver unprecedented performance, durability, and versatility, with a range of up to 500 miles, a towing capacity of over 14,000 pounds, and a stainless-steel exoskeleton that can withstand bullets and sledgehammers.

The Cybertruck was originally scheduled to enter production in late 2021, but due to the global chip shortage and other challenges, the launch date has been pushed back to 2022. However, Tesla has not been idle in the meantime. The company has been working on refining the design and features of the Cybertruck, as well as preparing its Gigafactory Texas for mass production.

In a recent update, Musk announced that some Cybertrucks are already on their way to Tesla stores in North America, where they will be displayed for potential customers and reservation holders. This is a major milestone for the Cybertruck project, as it marks the first time that the public will be able to see and touch the final version of the vehicle. Musk did not specify which stores will receive the Cybertrucks, but he hinted that they will be spread across different regions and climates.

The Cybertruck is expected to be a game-changer for the electric vehicle industry and the pickup truck market. It will compete with traditional gas-powered trucks, as well as upcoming electric models from Ford, Rivian, and others. The Cybertruck has already received over one million reservations, according to unofficial estimates, and Tesla hopes to ramp up production to meet the high demand.

Tesla hopes that by opening up its design and engineering data, it will encourage other automakers, entrepreneurs, hobbyists, and enthusiasts to create new and improved electric vehicles.

Tesla is not the first company to embrace open-source principles. Many software companies, such as Google, Facebook, and Microsoft, have released some of their code and tools to the public domain. Some hardware companies, such as Arduino and Raspberry Pi, have also made their schematics and designs available for anyone to use.

However, Tesla is the first major car manufacturer to open source its entire vehicle model. This is a remarkable step that could have a significant impact on the automotive industry and beyond.

Come, Let’s Discuss Business Law for Your Business Growth

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The transduction conversion process of ideas into products and services must follow protocols and ordinances of states, encapsulated in laws and regulations. Join us today at Tekedia Mini-MBA as we look at Business Law within the mission and operations of firms. Our Faculty is Barrister Kenneth Nwimo, and he will teach us basic things which can help us.

You might have read how Chocolate City could lose 60% of its equity over a convertible note of $1.8m. We hope they appeal and win in London, otherwise that would be unfortunate if Nigeria loses that company which continues to support young musical prodigies. Yet, it is not about emotions, it is about contracts and business law!

Tekedia Mini-MBA; pick a seat here 

No Reason To Stand In the Way of Spot Bitcoin ETF, Grayscale Enters Transfer Agency and Service Agreement with BNY Mellon

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In a recent interview, SEC Commissioner Hester Peirce expressed her support for a spot Bitcoin ETF, which would track the price of the cryptocurrency directly. She said that the SEC should not interfere with the market’s demand for such a product, and that the agency’s role is to protect investors from fraud and manipulation, not to dictate their investment choices.

Peirce, who is known as “Crypto Mom” for her pro-crypto stance, argued that there is no reason for the SEC to stand in the way of a spot Bitcoin ETF, as long as the applicants meet the legal requirements and disclose the risks involved. She said that the SEC has been too slow and cautious in approving crypto-related products, and that this has hindered innovation and competition in the industry.

She also pointed out that the SEC has already approved several ETFs that track Bitcoin futures, which are derivatives contracts based on the price of Bitcoin. She said that these products are more complex and costly than a spot Bitcoin ETF, and that they may not reflect the true value of the underlying asset. She said that a spot Bitcoin ETF would provide investors with a simpler and more direct way to access the crypto market, and that it would also increase liquidity and transparency in the sector.

BlackRock filed an S-1 form with the SEC for the iShares Ethereum Trust

BlackRock, the world’s largest asset manager, has taken a step closer to launching an Ethereum-based exchange-traded fund (ETF). The company filed an S-1 form with the US Securities and Exchange Commission (SEC) for the iShares Ethereum Trust, a fund that will track the performance of the second-largest cryptocurrency by market capitalization.

The iShares Ethereum Trust will offer investors exposure to Ethereum without having to buy, store, or manage the digital asset themselves. The fund will hold Ethereum and value its shares based on the current market price of the cryptocurrency. The fund will also charge a management fee, which has not been disclosed yet.

The filing comes as the SEC is reviewing several applications for Bitcoin ETFs, which have been pending for years. The regulator has repeatedly delayed or rejected such proposals, citing concerns over market manipulation, custody, and investor protection. However, some analysts believe that the SEC may finally approve a Bitcoin ETF this year, as the crypto industry has matured and gained more institutional adoption.

If the SEC approves a Bitcoin ETF, it could pave the way for other crypto ETFs, such as the iShares Ethereum Trust. Ethereum is the second-most popular cryptocurrency after Bitcoin, and it powers a wide range of decentralized applications (dApps) and smart contracts on its network. Ethereum is also undergoing a major upgrade, known as Ethereum 2.0, which aims to improve its scalability, security, and energy efficiency.

BlackRock is not the only company that is eyeing an Ethereum ETF. In Canada, three Ethereum ETFs have already been launched this year, following the approval of four Bitcoin ETFs. In Europe, several Ethereum ETPs (exchange-traded products) are also available on various exchanges. However, the US market is still waiting for its first crypto ETF, which could attract more investors and liquidity to the crypto space.

Peirce’s comments come at a time when several companies are seeking approval from the SEC for a spot Bitcoin ETF, including VanEck, Valkyrie, and WisdomTree. The SEC has not yet made a decision on any of these applications, and it is unclear whether it will do so before the end of the year. Peirce said that she hopes that the SEC will act soon, and that she will continue to advocate for a more open and welcoming approach to crypto regulation.

Peirce is not the only one who supports the spot Bitcoin ETF. Several prominent figures in the crypto space have also voiced their opinions in favor of such a product, including Michael Saylor, the CEO of MicroStrategy, Cathie Wood, the founder of ARK Invest, and Anthony Pompliano, the co-founder of Morgan Creek Digital. They have all argued that a spot Bitcoin ETF would benefit both investors and the crypto ecosystem as a whole, and that it would help legitimize Bitcoin as an asset class.

Grayscale Enters Transfer Agency and Service Agreement with BNY Mellon

In a major development for the cryptocurrency industry, Grayscale Investments announced that it has entered into a Transfer Agency and Service Agreement with The Bank of New York Mellon Corporation (BNY Mellon) for its proposed spot Bitcoin ETF. This means that BNY Mellon will provide fund accounting and administration services for the ETF, as well as transfer agency and ETF services, if and when it is approved by the U.S. Securities and Exchange Commission (SEC).

Grayscale is the largest digital asset manager in the world, with over $50 billion in assets under management as of November 2023. It currently offers several products that allow investors to gain exposure to cryptocurrencies, such as the Grayscale Bitcoin Trust (GBTC), which is a private placement that holds bitcoin and trades on the OTCQX market. However, GBTC is not an ETF, which means that it does not track the price of bitcoin directly, and often trades at a premium or discount to its net asset value (NAV).

An ETF, on the other hand, is a type of investment fund that is traded on a stock exchange and tracks the performance of an underlying asset or index. An ETF typically has lower fees, higher liquidity, and more transparency than a private placement. A spot Bitcoin ETF would allow investors to buy and sell shares of a fund that holds bitcoin directly, without having to deal with the complexities and risks of storing and transferring the cryptocurrency themselves.

Grayscale has been pursuing a spot Bitcoin ETF for several years, and has filed multiple applications with the SEC. However, the regulator has not approved any such product yet, citing concerns about market manipulation, investor protection, and custody issues. The SEC has also rejected several other proposals for Bitcoin ETFs from other companies, such as VanEck, Valkyrie, and WisdomTree.

However, Grayscale believes that the market conditions have changed significantly since its last filing in April 2021, and that it has addressed the SEC’s main concerns by partnering with BNY Mellon. BNY Mellon is one of the oldest and most respected financial institutions in the world, with over $45 trillion in assets under custody and administration. It is also the first major global bank to announce plans to provide integrated services for digital assets, such as custody, transfer, issuance, redemption, and servicing.

By working with BNY Mellon, Grayscale hopes to demonstrate to the SEC that its spot Bitcoin ETF will have robust operational and regulatory safeguards, as well as enhanced liquidity and efficiency. Grayscale also stated that it will continue to engage with the SEC and other regulators to educate them about the benefits of a spot Bitcoin ETF for investors and the broader crypto ecosystem.

Grayscale’s announcement comes at a time when there is growing demand and interest for Bitcoin ETFs in the U.S. In October 2021, the SEC approved the first Bitcoin futures ETFs, which are funds that track the price of bitcoin futures contracts traded on regulated exchanges.

These products have attracted billions of dollars in inflows since their launch, indicating a strong appetite for crypto exposure among institutional and retail investors. However, many experts argue that futures ETFs are inferior to spot ETFs, as they are more expensive, less efficient, and less reflective of the actual price of bitcoin.

Therefore, many investors are eagerly awaiting the approval of a spot Bitcoin ETF in the U.S., which could potentially unleash a wave of capital into the crypto market and boost the adoption and legitimacy of bitcoin as an asset class. Grayscale’s partnership with BNY Mellon is a significant step towards achieving this goal and could pave the way for other crypto companies to follow suit.

Binance settlement ‘positive’ as it eliminates potential systemic risk- JPMorgan

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JPMorgan analysts have welcomed the recent settlement between Binance and the U.S. Securities and Exchange Commission (SEC), saying it reduces the possibility of a major disruption in the crypto market if Binance were to collapse.

In a note to clients, JPMorgan said the settlement was “positive” for Binance, the world’s largest crypto exchange by trading volume, as it removes a major regulatory uncertainty and allows it to continue operating in the U.S. market.

The settlement, announced on Nov. 17, resolved a long-running dispute between Binance and the SEC over whether Binance had violated securities laws by offering unregistered digital asset securities to U.S. investors. Binance agreed to pay $4.3 Billion and CZ to pay $175 million in penalties and disgorgement, and to register with the SEC as a broker-dealer and report its transactions.

JPMorgan said the settlement also benefits the crypto industry as a whole, as it eliminates the potential systemic risk from a hypothetical collapse of Binance, which accounts for about 20% of the global crypto trading volume.

The CFTC’s action against Binance is not an isolated case. In recent months, several other regulators around the world have taken steps to crack down on the crypto industry, citing concerns over consumer protection, financial stability, tax evasion, and illicit activities. Some examples include:

China: The Chinese government has intensified its efforts to ban all forms of crypto trading and mining, as well as to block access to foreign crypto platforms and services. The move is part of China’s broader strategy to promote its own digital currency, the e-CNY, and to curb capital outflows and financial risks.

India: The Indian government is reportedly planning to introduce a bill that would prohibit all private cryptocurrencies in the country, except for those issued by the central bank. The bill would also impose penalties on anyone who mines, holds, transfers, or trades cryptocurrencies. The government has previously expressed concerns over the potential use of cryptocurrencies for money laundering, terrorism financing, and tax evasion.

UK: The UK Financial Conduct Authority (FCA) has banned Binance from conducting any regulated activity in the country and has warned consumers that they should be wary of investing in crypto assets. The FCA has also issued several warnings to other crypto firms that have failed to comply with its registration requirements or have engaged in misleading advertising.

EU: The European Commission has proposed a comprehensive framework for regulating crypto assets, known as Markets in Crypto-Assets (MiCA). The proposal aims to create a harmonized set of rules for crypto service providers across the EU, covering aspects such as authorization, supervision, consumer protection, market integrity, and prudential requirements. The proposal also introduces a pilot regime for testing and experimenting with crypto-based market infrastructures.

These developments indicate that the crypto industry is facing a critical moment in its evolution. On one hand, the increased regulatory attention reflects the growing recognition and adoption of crypto assets as a new asset class and a potential driver of innovation and economic growth. On the other hand, the regulatory challenges pose significant risks and uncertainties for crypto businesses and investors, who may face legal sanctions, operational disruptions, or market losses.

The question then is: what’s next for crypto regulation? How can the industry balance the need for compliance and legitimacy with the need for innovation and flexibility? How can regulators ensure that their actions are proportionate, consistent, and effective?

There are no easy answers to these questions, but some possible directions include:

Dialogue and cooperation: The crypto industry and regulators should engage in constructive dialogue and cooperation to foster mutual understanding and trust. The industry should proactively communicate its value proposition, challenges, and best practices to regulators, and seek their feedback and guidance. Regulators should acknowledge the benefits and potential of crypto assets and adopt a risk-based and technology-neutral approach to regulation. Both sides should also collaborate on developing common standards and frameworks for addressing cross-border issues and enhancing global coordination.

Education and awareness: The crypto industry and regulators should invest in education and awareness campaigns to inform and empower consumers and investors about the opportunities and risks of crypto assets. The industry should provide clear and accurate information about its products and services, as well as the rights and responsibilities of its users. Regulators should provide guidance and resources on how to safely access and use crypto assets, as well as how to report any problems or complaints.

Innovation and experimentation: The crypto industry and regulators should foster a culture of innovation and experimentation within a safe and controlled environment. The industry should continue to explore new ways of improving its products and services, as well as addressing its challenges and limitations. Regulators should support such efforts by creating regulatory sandboxes or innovation hubs that allow crypto businesses to test their ideas and solutions without facing undue regulatory burdens or penalties.

The CFTC’s fine on Binance is a wake-up call for the crypto industry. It signals that regulators are serious about enforcing their rules and protecting their jurisdictions. It also presents an opportunity for the industry to mature and evolve in a more responsible and sustainable manner. The future of crypto regulation depends on how well the industry and regulators can work together to achieve their common goals.

“Binance is a key player in the crypto ecosystem, and its failure would have significant negative spillovers to other platforms, liquidity providers, and investors,” JPMorgan wrote. “The settlement reduces this tail risk and provides more clarity on the regulatory framework for crypto exchanges in the U.S.”

JPMorgan added that the settlement could also pave the way for more cooperation and collaboration between Binance and other regulated entities, such as banks, custodians, and market makers, which could enhance the efficiency and stability of the crypto market.