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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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  • Guides
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    What Is Copy Trading in Crypto? A Beginner’s Guide

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    A Step-by-Step Guide for Risk-Takers

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  • Analysis
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    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
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  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

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    CryptoPunks Dominate Top Weekly NFT Sales amid Overall Market Sales Volume Surges 34.19% to $133.66 Million

    Volume Plunges While Transactions Soar

    Volume Plunges While Transactions Soar

    Snoop Dogg’s Telegram NFT Drop Sold Out in Half an Hour

    Snoop Dogg’s Telegram NFT Drop Sold Out in Half an Hour

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    Snoop Dogg’s TON NFT Launch Could Signal New Narrative for NFT Market

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    Why a ‘Mobile-First’ Mentality Drove OpenSea’s Latest Acquisition

    Boxed Memecoins as Collectible Toys

    Boxed Memecoins as Collectible Toys

    Hype fades as NFT platforms lose users

    Hype fades as NFT platforms lose users

    OpenSea Revolutionizes Mobile Trading with Rally Wallet Acquisition

    OpenSea Revolutionizes Mobile Trading with Rally Wallet Acquisition

    Donald Trump Had Said, ‘The US Government Will Not Sell Cryptocurrency From Now On,’ But Something Strange Is Going On — Onchain Data Shows…

    Donald Trump Had Said, ‘The US Government Will Not Sell Cryptocurrency From Now On,’ But Something Strange Is Going On — Onchain Data Shows…

  • Gaming
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    Taking Back Identity: How MocaChain Decentralizes Digital Power

    ‘League of Kingdoms’ Expands Into ‘Arena-Z’ as New Games and Tokens Emerge

    ‘League of Kingdoms’ Expands Into ‘Arena-Z’ as New Games and Tokens Emerge

    R-Games and LoveBit Unite to Power ESG-Driven Web3 Gaming

    R-Games and LoveBit Unite to Power ESG-Driven Web3 Gaming

    Elon Musk’s xAI Launches Waifu Companions for Grok

    Elon Musk’s xAI Launches Waifu Companions for Grok

    Web3 Meets the Stadium: The Rise of Competitive Ownership

    Web3 Meets the Stadium: The Rise of Competitive Ownership

    Can Snoop Dogg’s Telegram Drop Revive a Slumping NFT Market?

    Can Snoop Dogg’s Telegram Drop Revive a Slumping NFT Market?

    ‘Off the Grid’ Token Hits Solana, More Games Shut Down

    ‘Off the Grid’ Token Hits Solana, More Games Shut Down

    Qitmeer Network Forges Partnership with Onmi to Bolster Web3 GameFi Space

    Qitmeer Network Forges Partnership with Onmi to Bolster Web3 GameFi Space

    Why Are So Many Crypto Games Shutting Down? Experts Weigh In

    Why Are So Many Crypto Games Shutting Down? Experts Weigh In

  • Blockchain
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    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

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    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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  • Guides
    What Is Copy Trading in Crypto? A Beginner’s Guide

    What Is Copy Trading in Crypto? A Beginner’s Guide

    A Step-by-Step Guide for Risk-Takers

    A Step-by-Step Guide for Risk-Takers

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

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    What Is Crypto Staking? How to Earn Crypto by Holding It

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    What is Dollar-Cost Averaging (DCA) in Crypto? A Beginner’s Guide

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    What Is Liquid Staking? How It Works & Why It Matters in Crypto

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    A Full Comparison of Layer 2 Solutions

    What are Rollups in Crypto? ZK Rollups and Optimistic Rollups Explained

  • Analysis
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    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

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    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

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Home Ethereum

Michael Saylor vs Cardano’s Hoskinson over ETH’s possible ‘security’ status

May 4, 2024
in Ethereum
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Michael Saylor vs Cardano’s Hoskinson over ETH’s possible ‘security’ status
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Ethereum Looks Ready To Break Out Of 4-Year Consolidation, Analyst Says Price Will ‘Go Insane’

Binance loses 300K ETH – Here’s what it means for bulls eyeing $2.7K

  • Michael Saylor predicts Ethereum will be classified as a crypto-asset security
  • Charles Hoskinson was quick to respond to the Bitcoin maxi’s comments

The United States is taking steps towards regulating the cryptocurrency market, beginning with platforms like Kraken, Coinbase, and Uniswap. Now, it would seem that it’s turning its attention towards Ethereum [ETH]. As expected, opinions are divided about such an endeavour. 

While some oppose the Securities and Exchange Commission’s (SEC) classification of ETH as a security, MicroStrategy’s executive chairman Michael Saylor believes otherwise. 

Michael Saylor’s argument 

According to the exec, Ether, the world’s largest altcoin, should be classified as a crypto-asset security rather than a commodity. Speaking at the MicroStrategy World 2024 conference, Saylor added,

“By the end of May, you’ll get to know that Ethereum is not going to be approved. Then it will be clear to everyone that Ethereum is deemed as a crypto asset security and not a commodity.”

He went on to say, 

“After that, you’re gonna see that Ethereum, BNB, Solana, Ripple, Cardano, everything down the stack is a crypto asset security unregistered.”

Here, the implication of what Saylor is claiming is that none of the aforementioned tokens will ever be included in a spot ETF or accepted by Wall Street or recognized by mainstream institutional investors as crypto-assets.

Charles Hoskinson steps in

Needless to say, Saylor’s remarks didn’t go down well with everyone. Criticising the exec’s remarks, Cardano’s co-founder Charles Hoskinson took to X (Formerly Twitter) and noted, 

“Michael if your only argument for Bitcoin is that governments are appraising it and liking it and that all the altcoins are hated by governments, you are on the wrong side of history, my friend.” 

His response highlighted the prevalent notion among Bitcoin maximalists that cryptocurrencies beyond Bitcoin might be deemed illegal or fraudulent. This critique further touched upon a broader debate within the cryptocurrency community, one regarding the legitimacy of alternative digital assets.

See also  Bitcoin, Ethereum fall - Could this be good news for you?

However, this isn’t the first time Hoskinson has taken a stand for altcoins. A month ago, a Forbes article labeled several cryptocurrencies as “crypto zombies.” The list included Cardano [ADA], Ripple [XRP], and Bitcoin Cash [BCH]. 

Responding to the aforementioned criticism Hoskinson said, 

“Hey guys @tezos @Algorand @bitcoincashorg @Ripple_XRP1 @StellarOrg @BobSummerwill we are all Crypto Zombies according to Forbes. I guess it’s because we got all the brain.”

Additionally, Ben Armstrong, also known as BitBoy Crypto, expressed concerns about Cardano and said- “ADA is DEAD for REAL.” Clearing the air around the same, Hoskinson replied, 

“Sorry, Ben. Once you get on the Ada is going to die train, we have nothing more to discuss about Cryptocurrencies. I wish you good fortune in the years to come.” 

Investors’ interests remain unaffected 

These comments highlight that such speculations are just guesses. In fact, recent findings show that Cardano has a higher Nakamoto coefficient than other altcoins, indicating greater decentralization.

Cardano has a higher Nakamoto coefficient than other altcoins

Source: EDI

Next: Bitcoin’s long-term projections – Why you should look out for this key indicator!

Tags: CardanosETHsHoskinsonMichaelSaylorSecuritystatus

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Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

August 3, 2024

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Solana Foundation announces Renaissance hackathon details with over $1 million prize pool for global builders

Solana Foundation announces Renaissance hackathon details with over $1 million prize pool for global builders

February 28, 2024
MBSI WAV Announces Acquisition of ISP Supplies Canadian Division to Strengthen Distribution Capabilities

MBSI WAV Announces Acquisition of ISP Supplies Canadian Division to Strengthen Distribution Capabilities

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Web3 Gaming and the Impact of the Bitcoin Halving

Web3 Gaming and the Impact of the Bitcoin Halving

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Valentino Rossi Steps into The Sandbox with ValeVerse

Valentino Rossi Steps into The Sandbox with ValeVerse

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