The Bitcoin ETF fund will not be launched until 2022

New York-based Wilshere Phoenix Financial Services co-founder William Kai recently predicted that the Bitcoin ETF fund would not be approved in the United States until 2022.

He still believes that such a fund will eventually be given the green light by the US Securities and Exchange Commission.

He added:

We believe that the Bitcoin ETF fund will eventually be launched in the United States, but this is unlikely to happen this year or next.

In June 2019, Wilshere Phoenix, in partnership with NYSE Arca, filed a lawsuit to open a Bitcoin ETF fund, and the lawsuit was filed in February 2020 amid concerns about market manipulation by the US Securities and Exchange Commission. United rejected.

The company criticized the decision of the US Securities and Exchange Commission at the time, declaring that the rejection of their application would be a great loss to the public.

William Kai believes that bitcoin will resume its uptrend, but believes that bitcoin's dominance will decrease and therefore can not be compared to gold.

Read more: The Ripple case and the US Stock Exchange sparked

While the Bitcoin ETF fund has already been launched in Canada, Europe and Latin America, US officials have not yet accepted any of the requests.

Currently, 12 companies have submitted their applications for the Bitcoin ETF Fund to the US Securities and Exchange Commission.

Experts believe that with the launch of such a fund in the United States, bitcoin will rise sharply in price and it remains to be seen what will happen in the future.

Source: zoomarz

The Bitcoin ETF fund will not be launched until 2022

New York-based Wilshere Phoenix Financial Services co-founder William Kai recently predicted that the Bitcoin ETF fund would not be approved in the United States until 2022.

He still believes that such a fund will eventually be given the green light by the US Securities and Exchange Commission.

He added:

We believe that the Bitcoin ETF fund will eventually be launched in the United States, but this is unlikely to happen this year or next.

In June 2019, Wilshere Phoenix, in partnership with NYSE Arca, filed a lawsuit to open a Bitcoin ETF fund, and the lawsuit was filed in February 2020 amid concerns about market manipulation by the US Securities and Exchange Commission. United rejected.

The company criticized the decision of the US Securities and Exchange Commission at the time, declaring that the rejection of their application would be a great loss to the public.

William Kai believes that bitcoin will resume its uptrend, but believes that bitcoin's dominance will decrease and therefore can not be compared to gold.

Read more: The Ripple case and the US Stock Exchange sparked

While the Bitcoin ETF fund has already been launched in Canada, Europe and Latin America, US officials have not yet accepted any of the requests.

Currently, 12 companies have submitted their applications for the Bitcoin ETF Fund to the US Securities and Exchange Commission.

Experts believe that with the launch of such a fund in the United States, bitcoin will rise sharply in price and it remains to be seen what will happen in the future.

Source: zoomarz

Decentralized Thaler DeGeThal (DTM) Introduces One-Stop Solution for Smart Banking

Crypto-fiat ecosystem with wallet and exchange: Introducing DeGeThal

Introduced in 2021 by a cohort of IT veterans, including former ConsenSys officers, the DeGeThal (DTM) project is tasked with creating a “one-stop” ecosystem for various use cases unexplored by traditional financial instruments.

Since its very first days, DeGeThal has targeted ambitious milestones. Namely, its final aim is creating a cryptocurrency project accessible to anyone in the world. The DeGeThal team is certain that digital assets can fuel a parallel economic environment and address global challenges:

We strongly believe in the future development of the crypto markets as a viable alternative to the traditional financial system regardless of economical, epidemiological or political factors.

A multi-currency wallet designed for transparent and lightning-fast transactions is a building block of the DeGeThal ecosystem. Eventually, it will evolve into a full-fledged economic instrument for daily usage for payments (including microtransactions), salaries, bank operations and so on. Besides bringing reliable operations for existing cryptocurrency users, DeGeThal will introduce crypto to newbies.

This wallet by DeGeThal will also include a module for seamless interaction between crypto-based and fiat-based financial systems. Thus, the DeGeThal wallet will serve as a reliable regulatory-compliant fiat paygate for new users of cryptocurrencies.

DeGeThal wallet will be powered by cutting-edge security instruments. Its team ensures that the transparency and finality of transactions will be guaranteed by industry-grade mechanisms compared to those utilized by flagship banks.

In late June 2021, DeGeThal smart contract design was audited by one of the most recognized cybersecurity vendors, EtherAuthority. As per the audit report, EtherAuthority approved all smart contracts features as true and valid.

In 2022-2023, the DeGeThal (DTM) project is going to introduce NFT-focused features and initiate the listing of its token on top-league exchanges, including Binance (BNB). Card payment integration with Visa and Mastercard will go live in 2024 to advance the crypto/fiat experience of all DeGeThal users.

DTM Token: Digital Thaler for DeFi era

DeGeThal token, or “Decentralized Thaler” (DTM), is a backbone element of DeGeThal tokenomics and is seamlessly integrated into all modules of DeGeThal. The token is minted on Binance Smart Chain (BSC), a smart contracts environment by world-leading exchange Binance (BNB) and the fastest-growing programmatic blockchain.

Right now, DeGeThal (DTM) token is available for purchase within the bounds of private sale procedures. DTM private sale can be joined via top-tier mainstream wallets like MetaMask, TrustWallet (TWT) and so on. Private Sale will be closed on July 15, 2021. All participants in the DTM private sale will enjoy five percent bonuses.

Within pre-sale Stage 1 (until Aug. 15, 2021), the price of DTM will be set at 0.2 USDT. Within pre-sale Stage 2 (until Sept. 15, 2021), DTM will be worth 0.25 USDT.

The last stage of pre-sale (Stage 3) will take place between Sept. 15 and Oct. 15, 2021, with 0.3 USDT per DTM rate.

The maximum liquid supply of DTM token is capped at 100,000,000. Only 50,000,000 are available for sale during the private sale, pre-sale and public sale phases.

Twenty percent of tokens will be allocated to the future development of the project while Team, Rewards, and Marketing allocations will be set at 10 percent each.

DTM will act as a utility token within the DeGeThal ecosystem: all DTM holders will exchange crypto with reduced fees. In future stages of the project’s development, the staking module will be unveiled. All DTM holders will be invited to advance the security of DeGeThal operations with their stakes.

Source: u.today

Why is Polygon so Popular?

First for some context Polygon was originally started as a project called Matic by a team of four in India during 2017. The Matic team set out with a goal to fix some of ethereum's scaling problems and to put India on the map in the blockchain world. They wanted to do this by establishing plasma chains and a proof of stake ethereum side chain. They launched through Binnance’s exchange launch pad. In 2021 the project switched from Matic to Polygon. In this move they set out to create a scaling solution that makes it possible to connect these different scaling solutions in an ecosystem environment where they can communicate with each other. They make it easy for new projects and apps to select which scaling solutions they want. At the time of writing this, polygon has a proof of stake chain and the Matic Plasma Chain. The proof of stake chain is an ethereum virtual machine compatible sidechain. Different apps and projects will have different needs. Some want more security, some want higher speed, some want more independence, and some want cheap transaction costs, and polygon allows them to optimize these needs all in one network. They can also adjust these on the polygon network as time goes on. Additionally, if new scaling solutions become available, polygon can implement them and stay with the times. This makes it attractive for a plethora of projects like NFT market places and gaming that may differ in what their platform needs.

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A couple of events and aspects have really driven the recent growth of Polygon

Firstly, the ability for developers to customize their scaling and features has captured the use of many dapps. Their website lists a variety of projects with completely different applications and fields. Some of the big names listed include Aave, Decentraland, and Quickswap. $MATIC liquidity mining is available on the Aave Polygon market. Decentraland has a portal where the $MANA tokens can be moved from the Ethereum blockchain to the polygon network for cheaper gas fees. Quickswap uses the plasma scaling solution to provide cheap and fast transactions. There should be a strong positive correlation between the demand for dapps and the demand for Polygon as it allows for all of the speed, low fees, and customization that cannot be found in any other project at the time of writing this.

Ethereum’s high gas fees have always driven its users to explore side chain options like Polygon. Polygon has near zero gas fees and this has drawn small farmers and investors who have been priced out of ethereum. It has also made it an attractive option for minting NFTs. It also gives app developers a way to achieve low fees and high speeds without having to turn to Binance Smart Chain, which has major drawbacks like it's centralization.

Polygon has almost dominated the social media conversation. This chart depicts the social media volume to its price. It aggregates networks like Twitter, Reddit, Discord, and Telegram. Polygon’s advantages have thrusted it into the conversation which undoubtedly has led to more growth.

 It is also available to many casual crypto enthusiasts on the most popular exchanges like CoinBase and Binance. The easy UI and security these exchanges have allows for the masses to invest in Polygon.

Despite popular coins like Bitcoin and Ether taking a hit in the past few weeks, Polygon has almost returned to its all time highs. Big investors like Mark Cuban have also hopped on the train leading to even more popularity. On March 25th he announced he was working to integrate polygon within his NFT website after investing in it. This backing could lead to further institutional investment into the project as he also appears to be working to grow the project.

Image by Coingecko

Polygon’s ability to tailor to the needs of developers have allowed it to become a staple of the space. Currently ranked 16th by market capitalization and 17th by trading volume, it does not seem to be going anywhere. Further adoption of crypto and congestion on Ethereum should continue to encourage developers to implement the project. Its rising social media presence and availability on retail exchanges have expanded its reach. Institutions and high net worth individuals like Mark Cuban are just now beginning to hop on the bandwagon which should help continue the project's growth.

Bitcoin News

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• Source: u.today