Home Tech Pudgy Toys, US SEC, FTX, JPMorgan and other Crypto News

Pudgy Toys, US SEC, FTX, JPMorgan and other Crypto News

Pudgy Toys, US SEC, FTX, JPMorgan and other Crypto News

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The U.S. Securities and Exchange Commission (SEC) may not approve just one, but multiple spot bitcoin exchange-traded funds (ETFs) in the near future, according to a former BlackRock executive. Rick Rieder, who is now the chief investment officer of global fixed income at BlackRock, said in a recent interview he believes the SEC is likely to approve all the spot bitcoin ETFs that meet its standards at once, rather than picking one winner.

He said this would create a level playing field for the industry and avoid favoring one provider over another. Rieder also said that he thinks the demand for spot bitcoin ETFs is high, as investors are looking for more exposure to the cryptocurrency market. He said that spot bitcoin ETFs would offer more transparency and liquidity than other products, such as futures-based ETFs or trusts. He added that he expects the SEC to approve spot bitcoin ETFs soon, as the agency has been more open to innovation and digital assets under its new chairman, Gary Gensler.

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JPMorgan, one of the largest banks in the world, has issued a report on the impact of Ethereum’s transition to proof-of-stake (PoS) on its network security and decentralization. The report claims that Ethereum has become “more centralized” as a result of the staking surge, which has increased the concentration of wealth and power among the top validators. According to JPMorgan, this poses a risk to Ethereum’s long-term viability and competitiveness in the crypto space.

THORSwap DEX, a decentralized exchange platform that operates on the THORChain network, has announced that it will enter maintenance mode for an indefinite period of time. The decision comes after the platform detected some suspicious transactions that may indicate a security breach or a malicious attack. The platform said that it will conduct a thorough investigation and audit to ensure the safety of its users’ funds and data.

THORSwap DEX apologized for the inconvenience and urged its users to withdraw their assets from the platform as soon as possible. It also promised to provide regular updates on the situation and resume normal operations as soon as possible.

A new initiative by the Avalanche Foundation aims to provide a secure and transparent way of verifying the quality and origin of psychedelic plants and substances. The project, called Psychedelic Certification Platform (PCP), uses the Avalanche blockchain to create digital certificates for products such as magic mushrooms, hemp and kratom. These certificates can be scanned by consumers, retailers and regulators to access information about the cultivation, processing and testing of the products. The PCP hopes to foster a more responsible and ethical use of psychedelics, as well as to support research and innovation in the field.

Ledger, a leading provider of hardware wallets for cryptocurrencies, announced that it is laying off 12% of its workforce due to the challenging market conditions. The company said that the decision was made after a careful assessment of the current and future business environment, and that it is part of a strategic plan to ensure its long-term sustainability and growth. Ledger expressed its gratitude to the affected employees for their contributions and commitment and said that it will provide them with adequate support and assistance during this transition period.

A surprising discovery was made by a former executive of FTX, a leading cryptocurrency exchange platform. The former FTX Head of Institutional Sales Zane Tackett, revealed that he once stumbled upon several airdrops of digital tokens that were worth millions of dollars in total. Airdrops are a way of distributing new or existing tokens to users, usually for free or as a reward for some activity.

The executive said that he did not know about the airdrops beforehand and that they were not part of any official partnership or promotion. He speculated that the airdrops were either a mistake or a deliberate attempt to attract attention and liquidity to the tokens. He added that he did not claim or sell any of the tokens, as he was unsure of their legality and legitimacy.

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