Coinbase’s Chief Legal Officer, Paul Grewal, has called for the approval of Ethereum exchange-traded funds (ETFs), while Monero and AI-focused altcoin InQubeta are experiencing significant market gains. This development highlights the growing interest and support for these cryptocurrencies within the financial and tech communities.
Key Takeaways
- Coinbase CLO Paul Grewal advocates for Ethereum ETF approval.
- Monero and InQubeta see major market upticks.
- London Stock Exchange to trade Ethereum ETNs.
- Monero upgrades its Web 3.0 wallet.
Coinbase CLO Advocates for Ethereum ETF Approval
Ethereum (ETH) has been gaining momentum, thanks to widespread support for its exchange-traded funds (ETFs) from the crypto community. The latest endorsement comes from Coinbase’s Chief Legal Officer, Paul Grewal, who has urged regulatory bodies to approve Ethereum ETF applications. This move could potentially open new avenues for investors and further solidify Ethereum’s position in the market.
Monero and InQubeta: Rising Stars
Monero (XMR)
Monero, a privacy-focused cryptocurrency, has been making headlines with its recent technological advancements. Known for its stealth addresses and multi-signature authentication, Monero upgraded its Web 3.0 wallet on March 13, 2024, enhancing its efficiency and security. These upgrades have contributed to Monero’s growing popularity and market performance.
InQubeta (QUBE)
InQubeta is an AI-centric altcoin that has been gaining traction for its innovative approach to crowdfunding AI projects. The platform’s native cryptocurrency, QUBE, is the sole mode of payment within the InQubeta ecosystem. The token has attracted attention for its potential to generate wealth through staking and its transparent investment model. InQubeta’s ICO has already raised over $12.5 million, making it one of the most promising new ICOs.
London Stock Exchange to Trade Ethereum ETNs
The London Stock Exchange has applied to the UK’s Financial Conduct Authority to create a separate market for crypto exchange-traded notes (ETNs), specifically for Ethereum. This marketplace, set to go live in April, will allow only registered exchanges to list their ETNs for trading. This development is expected to boost Ethereum’s market prospects significantly.
Conclusion
InQubeta, Ethereum, and Monero are proving to be some of the most resilient and innovative cryptocurrencies in the market. Their recent achievements and technological advancements have not only bolstered their market presence but also demonstrated the transformative power of blockchain technology. As these tokens continue to evolve, they are likely to attract even more interest from investors and tech enthusiasts alike.
