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DailyCryptonews by cryptoborges - 12/02/2021


Hi huys hope you enjoy your daily dose of crypto news.

First North American Bitcoin ETF Approved by Canadian Securities Regulator

The first publicly traded bitcoin exchange-traded fund (ETF) in North America has been given the go-ahead by Canada’s financial regulator.

According to a decision document on Thursday, the receipt of approval from the Ontario Securities Commission (OSC) was filed under a Multilateral Instrument passport system in multiple Canadian jurisdictions.

While multiple close-ended bitcoin funds have been listed on the Toronto Stock Exchange, such as the ones listed by Canadian investment manager 3iQ, they differ from an ETF. In the case of an ETF, units are issued on a continuous basis while close-ended funds issue units only at their initial public offering and reopenings.

The fund seeks to replicate the performance of the price of bitcoin minus fees and expenses.The ETF won’t speculate on short-term changes in the price of bitcoin.

According to the fact sheet, the fund is targeting investors who are seeking long-term capital growth and an attractive risk-adjusted rate of return and who can tolerate “high risk.”


Ethereum 2.0 Deposit Contract Tops $5.5B in Staked Ether

The amount deposited represents 2.67% of Ethereum’s total supply.

The deposit contract for the Ethereum 2.0 Beacon Chain – the epicenter of Ethereum’s new architecture – now holds over 3,000,000 ETH, worth over $5.5 billion at current prices.

The contract launched at the beginning of last November and within three weeks it had secured the necessary threshold of ETH to lock in the Beacon Chain’s launch, which took place in the first week of December 2020.

Unlike the current Ethereum blockchain, Ethereum 2.0 uses proof-of-stake where “validators” replace miners to process transactions.To earn the title of validator, an Ethereum user must stake 32 ETH into the deposit contract through a validator node.


0x takes initial steps towards decentralizing governance

In a post today on their governance and research forums, the team behind decentralized finance (DeFi) DEX protocol 0x announced initial plans to decentralize their governance by creating a “community-owned treasury seed-funded by 0x Labs.”

“As we continue our mission to create a tokenized world where all value can flow freely, 0x Labs intends to experiment with seed-funding a community treasury managed by a DAO,” reads the post. “To establish the DAO, 0x Labs will identify a set of bootstrap delegates that will shepherd the initial steps of governance decentralization.”

“We originally shared our vision around the protocol's progressive decentralization in 2017, when we introduced ZRX, 0x's governance token,” he said. “We have always envisioned that ZRX holders would one day be in full control of all aspects of the project - from managing the Community Treasury to driving protocol upgrades.”

Governance isn’t taking a backseat to protocol development, however, as Gonella says fully open governance could be in place “by the end of the year.”


TOP 10 STONKS CRYPTOCURRENCIES LAST 24 Hours

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image via coinmarketcap

TOP 10 UNSTONKS CRYPTOCURRENCIES LAST 24 Hours

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image via coinmarketcap

It's all for today guys see you tomorrow with more news.

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Francisco Borges
Francisco Borges

Hi, I'm Francisco Borges and I'm an ethusiastic of crypto world. I believe that the crypto is going to lead the world in the near future. (Sorry for my bad english)

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