The US Securities and Exchange Commission (SEC) has approved the first spot Ethereum exchange-traded funds (ETFs), marking a significant milestone for the crypto industry. The decision, announced today, allows asset managers such as Grayscale, Fidelity, and Bitwise to launch ETFs that directly track the price of Ethereum (ETH). Ethereum rose 2% on the news and The post SEC approves Ethereum ETFs, aligning ETH closer to commodity in industry win appeared first on CryptoSlate.

The ongoing debate over Ethereum’s classification in the United States is garnering significant attention at the moment due to actions by the SEC and a possible ETF approval. The distinction between commodities and securities holds substantial implications for the regulation and future of crypto. If Ethereum were officially recognized as a commodity, the crypto landscape The post Is Ethereum a security or commodity? Why does it matter and will an ETF change this? appeared first on CryptoSlate.

WisdomTree has received approval from the Financial Conduct Authority to list its physically-backed Bitcoin and Ethereum ETPs on the London Stock Exchange. This approval allows WisdomTree to introduce the WisdomTree Physical Bitcoin and WisdomTree Physical Ethereum ETPs, targeting the May 28 lifting of UK restrictions. These ETPs, available exclusively to professional investors, have a management The post WisdomTree first to get nod from FCA on spot Bitcoin ETP ahead of multi-product UK launch appeared first on CryptoSlate.

GAM3S.GG, formerly Polkastarter Gaming, has unveiled it will launch a Web3 cloud gaming platform in partnership with Aethir amid an ambitious roadmap for 2024, emphasizing significant advancements in web3 gaming. The roadmap highlights several key initiatives to enhance user experience and drive the adoption of web3 gaming. In the second quarter of 2024, GAM3S.GG will The post Decentralized Web3 cloud gaming platform coming this summer in partnership with Aethir appeared first on CryptoSlate.

Vitalik Buterin, co-founder of Ethereum, has voiced his concerns regarding the rapid development of superintelligent AI and the concentration of power within the AI industry. In a recent statement, Buterin emphasized the risks associated with superintelligent AI and cautioned against rushing into its development. He specifically opposed allocating $7 trillion for server farms, referencing Sam The post Vitalik Buterin says Sam Altman should not get $7 trillion funding for AI semiconductor super farm appeared first on CryptoSlate.