Charles Hoskinson left the company years ago and went on to create his own blockchain firm, Cardano and IOHK. Since then, the two communities and their officials have repeatedly criticized each other. However, Hoskinson has continued to support its creation and even its hard forks. In a recent interview, he further spoke about his bullish sentiment for Ethereum and where he sees it in the next few years.
According to the entrepreneur, the network behind the second highest cryptocurrency would continue to grow for the next two years, peaking in late 2022 or early 2023. However, he added that Cardano is also on the rise.
His bullish prediction for Ethereum was not without veiled criticism. He opined that the network would be successful not because of its technical capabilities, but because of the youth and wealth of its current director, Vitalik Buterin. In addition, he argued that the extended financial support from large corporations and wealthy individuals that the network enjoys would be beneficial to its expansion.
Shark Tank star Kevin O’Leary advocates a deflationary future for Ethereum
Canadian businessman, investor, and TV star Kevin O’Leary, also known as “Mr. Wonderful ”seems to be praising Ether (ETH) as a deflationary asset.
Clearly reading a script, O’Leary turned to Cameo, a website that allows users to purchase personalized video messages by celebrities, to share the benefits of Ethereum updates in London. In particular, the updates saw the highly anticipated Ethereum Enhancement Proposal (EIP) 1559 burn mechanism introduced to the Ethereum fee market.
VanEck Tries Again with SEC “Strategic Bitcoin ETF” Application
American investment management company VanEck is not losing hope of launching a Bitcoin exchange-traded fund (ETF) in the United States.
On this occasion, the firm has submitted a prospectus to the US Securities and Exchange Commission (SEC) for a strategic Bitcoin ETF that would have exposure to Bitcoin futures and other investment vehicles. According to public documents from the SEC, the application was filed under the Investment Companies Act of 1940.
Called the ‘VanEck Vectors Bitcoin Strategy ETF’, the fund will not invest directly in Bitcoin or other digital assets. Instead, it will be tied to Bitcoin futures and other investment vehicles and products that provide exposure to the largest cryptocurrency. These can include cryptocurrency ETFs listed in other jurisdictions, such as Canada.
Investors pay up to six figures for NFT pets of rocks
The latest craze to resurface on the effervescent non-fungible token (NFT) scene is a 2017 collection of digital pet rocks dubbed EtherRocks.
On August 8, a single EtherRock was sold for 45 ETH, worth roughly $ 135,240 at the time.
EtherRock was one of the first collectible NFTs to be issued on the Ethereum blockchain, shortly after CryptoPunks launched in June 2017. Each EtherRock displays a still image of a stone, and each token wears a unique color, but is identical in shape and form. size.