In a new blog post, Schoenberger informed the SEC that Polkadot (DOT) has morphed from security into software and can no longer be classified as an asset in the securities watchdog’s jurisdiction.

Read Also: Grayscale Launches Smart Contracts Platform Fund for Cardano, Solana, Polkadot, Avalanche, Stellar

Although DOT could be termed as a security at first, he said the team behind it has worked hard on its transformation.

Regarding the Polkadot development team’s experience with the regulatory agency, Schoenberger said the SEC was open and willing to communicate. He added that this has led to the creation of solutions to the issues the agency may have had with the transformation of DOT.

Daniel Schoenberger noted:

“Over the years, we have developed what we believe is a workable theory of how token morphing may be achieved for an increasingly decentralized project, like Polkadot, and a digital asset that, other than having been offered and sold initially for fundraising purposes, does not, itself, bear security-like characteristics…

“Consistent with the views that we have shared with the SEC staff, we are pleased to announce that DOT, the native digital asset of the Polkadot blockchain, has morphed. In our view, current day offers and sales of DOT are not securities transactions, and DOT is not a security. It is merely software…

Read Also: Polkadot (DOT) Is Top Altcoin Held by VCs and Hedge Funds in Fourth Quarter Of 2021

“Whatever it took in order for DOT, the native token of the Polkadot blockchain to be – or to become – a non-security, we were willing to do it. And so, we decided to try to take the SEC’s FinHub staff up on the offer to ‘come in and talk to us’…

“Our experience has been a positive one. The SEC has welcomed meetings with the Web3 Foundation, and there has been a spirit of open communication and dialogue. Those ongoing interactions have given us a deeper understanding of some of the SEC’s concerns and have helped us to develop solutions to address them.”

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The Biggest Cutie Pie – Big Eyes Coin

Big Eyes Coin is a new coin that’s just been developed and registered on the coin market. Its aim is actually to make sure that investors are given access to an all-round experience that will bring them massive value for money and also, a unique working community.

Big Eyes Coin’s massive focus on its community is because it understands that the majority of the crypto projects tend to abandon and forget their extremely functional community immediately after they start getting more money.

According to its developers, Big Eyes has plans to become a major game player in the NFT world, this it plans by taking to the sea. The plan is to make sure the pictures you see aren’t just nice but are aimed to take the crypto to the next level.

Since it’s quite obvious that DeFi is still in its infancy stage, users around the world are yet to fully grasp its functionality. Big Eyes is doing everything it can to make sure this number increases soon. The plan here is to look out for means of sensitizing the people.

Big Eyes Coin conclusively aims to reach its goal by making sure it moves lots of wealth to the DeFi ecosystem as well as takes care of massive portions of the world’s ecosystem. It’s important to state that all elements around the coin are fashioned to help generate wealth and bring massive popularity to the project overall.

While most crypto projects focus on the hype without any real backing, Big Eyes does all it can to take out all instances that it can face lag time and related things. This is being done to prevent any form of false hype from building around it.

Irrepressible Polkadot (DOT)

Polkadot (DOT) is a unique coin that has been able to win investors over with its fantastic use. Polkadot (DOT) is a very popular coin that has indeed used its popularity to a great length.

The coin ranks as one of the top 20 in CoinMarketCap with a market cap of over $8 billion.

Polkadot (DOT) makes use of parachains in its operation mechanism and this is what helps it double its potential revenue. The crypto has become so trustworthy that it’s almost certain it will offer unique security for all Interoperability services.

Polkadot (DOT) was able to witness an all-time high value of $50 before facing the latest market dip. According to crypto investors and enthusiasts, this coin is definitely going to do a 50% rise shortly thus it remains a must-buy.

The Tide is In – Waves (WAVES)

Waves (WAVES) is yet another outstanding coin that’s been making great ‘waves’ in the world of cryptocurrency. This project has helped win over investors’ hearts due to its unique use cases and more.

Basically, it’s able to partner with some huge agencies so as to offer up-to-date tech services. As a matter of fact, Waves (WAVES) has been able to partner with top agencies like Union and even Ledger. Most top tech companies around the world are relying on this coin to bring them quality services.

It’s for this sole reason that Waves (WAVES) does everything it can to make sure it stays active and completely up-to-date at all times.

Whatever you do, make sure you buy and hold at least 2 of these coins.

Big Eyes (BIG)

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Twitter: https://twitter.com/BigEyesCoin

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Cardano (ADA), Solana (SOL), Polkadot (DOT), and GALA Listings

The licensed and regulatory compliant trading platform has continued to increase the number of digital assets it supports. This is in a bid to bring more investment options to its customers.

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Due to the underlying crypto regulations in Canada, Netcoins requested to update its restricted dealer license in late 2021. The approval of this request came in March 2022 from the authorities, giving rise to a wider offering of coins and tokens on the trading platform.

Three months after this development, Netcoins is pleased to enable trading for some of the top digital assets by market cap and adoption rate. In its fourth major rollout of coin additions, the online cryptocurrency brokerage that makes it easy for Canadians to buy and sell crypto assets, onboarded Cardano (ADA), Solana (SOL), Polkadot (DOT), and the Gala games token, GALA.

With this recent tokens listing, the fully regulated and licensed money services business (MSB), Netcoins now supports a total of 36 cryptocurrencies on its platform. In a wider perspective, among the legal and regulated crypto trading platforms in Canada, Netcoins ranks third based on the most coins listed.

Other crypto tokens that can be bought in Canada via the platform include Shiba Inu (SHIB), Dogecoin (DOGE), Ripple (XRP), Bitcoin (BTC), Ethereum (ETH), etc.

Related:  You Can Now Trade Chainlink (LINK) on the Robinhood Platform

About Netcoins

Interestingly, Netcoins started as a virtual Bitcoin ATM solution provider in 2014 but later evolved into a cryptocurrency trading platform. Today, users can trade over 35 cryptocurrencies via Netcoins’ Web and Mobile applications.

The trading platform, Netcoins, is owned by the publicly traded BIGG Digital Assets. Being public, it is said to offer an extra layer of safety and transparency to users. Therefore, Netcoins leverages blockchain analytic and forensic tools BitRank and QLUE to guarantee users’ safety of assets.

According to Netcoins, the online brokerage is a registered Money Service Business (MSB) with FINTRAC. In addition, it is fully regulated and registered with the Canadian Securities Administrators (CSA) and BCSC.

In the words of Netcoins’ CEO, Mark Binns, the platform is excited to launch two more of the top 10 coins globally by market cap, ADA and SOL, along with DOT.

These coins recently became available to Netcoins for listing under a regulated environment. We believe strongly that moving in lock step with regulation, and our customer’s safety and best interests, is the path to long-term growth and success. We welcome the traders and HODLers of ADA, SOL, DOT, and GALA to Netcoins,” he added.

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In the May 2022 report published by CoinShares, as investor dollars allocated to Ethereum (ETH) move in the opposite direction,  it’s stated that the aforementioned digital assets (XRP, ADA, and DOT) continue to attract more investors.

Read Also: CoinShares: Ethereum Competitors, Cardano, Solana, Polkadot See Institutional Inflows

The report reads in part:

While positions on Bitcoin have changed little, investors are increasingly adding to altcoins. The survey highlights increasing allocations to Polkadot, Cardano and XRP at the expense of Ethereum.”

The CoinShares’ May 2022, which was conducted among investors managing relatively $200 billion worth of assets, about 20% of the investors have allocated to Ethereum (ETH), down from relatively 25% recorded during the March 2022 survey.

As for Ripple’s digital token XRP, the number of investors allocating funds to it has gained around 6% from about 4% registered in the previous month’s survey.

Whereas, the investors’ allocation to Cardano (ADA) rose from 5% to about 12%. While that of Polkadot (DOT) has increased from around 9% to about 13%.

Read Also: Bitcoin, Ethereum, XRP, Cardano Experience Institutional Capital Inflows amid Geographical Risks

As stated in the survey, the reasons they chose to invest in crypto assets include diversification and speculation:

“We saw a big rise in investors adding to positions for speculative reasons, having risen from 20% to 27%.

Diversification remains a key reason for investing in digital assets, although it has declined, likely due to Bitcoin’s increased correlation to tech stocks and skepticism over its true diversification merits.”

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The post Coinshares: XRP, Cardano, Polkadot Are Taking Investors’ Funds Away From Ethereum: Details appeared first on Times Tabloid.

The new development was shared via a press release on 6th April 2022. As stated in the announcement, the ETPs will give retail investors the ability to gain seamless exposure to the Cardano (ADA), Polkadot (DOT), and Solana (SOL) tokens securely via their designated bank or a broker, without having to go through the process of opening a crypto wallet.

Read Also: Cardano and Polkadot Exchange Traded Products (ETPs) Launch On German Stock Exchange

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It’s worth noting that the recent ETPs will join the list of products already trading on multiple exchanges, including Valour Uniswap (UNI), Valour Avalanche (AVAX), and Valour Terra (LUNA), coupled with ETPs for the two largest cryptocurrencies, Valour Bitcoin Zero and Valour Ethereum Zero.

ETPs are seen as a means to expose investors to the industry of the future. Reacting to the new development, Russell Starr, the CEO of DeFi Technologies, said:

“As we continue to expand our product offerings onto new exchanges, even more people will have access to participating in an industry that is rewriting the future of the financial services industry. Investors are interested in the opportunity to get into crypto as it establishes itself, and Valour’s ETPs enable them to do that on regulated exchanges they know and trust.”

Read Also: 21Shares Launches World’s First Physically-Backed XRP Exchange-Traded Product (ETP) on SIX Swiss Exchange

What Are Exchange Traded Products (ETPs)

Exchange Traded Products are mainstream investment vehicles that have existed for relatively 30 years. It started gaining the vast attention of investors during the financial crisis of 2008, when demand for more transparency began to increase.

The most popular type of ETP is the exchange traded fund (ETF) and a good example of a crypto ETF is the Purpose Bitcoin ETF, which has recently attained a record high in the number of Bitcoin (BTC) it holds after a huge injection of capital.

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According to Messari’s analysis, Polkadot (DOT) was the most commonly held altcoin in the fourth quarter of 2021, as 24 out of 57 tracked funds invested in the blockchain project, representing about 42% of crypto held by VCs and hedge funds in Q4 2021, followed by Oasis Network (ROSE) and Near Protocol (NEAR).

Read Also: Morgan Stanley: Ethereum May Lose Market Share to Cheaper Competitors Such As Solana, Cardano, Polkadot

Currently, Polkadot (DOT) is the 12th largest cryptocurrency with a market cap of $17.5 billion and trading at $17.68, with a relatively 4% price upsurge in the last 24 hours, according to CoinMarketCap.

It’s worth noting that the cryptocurrency has lost over 50% of its all-time high price of $54.5, which was attained in November 2021.

The analysis did not include Bitcoin (BTC) and Ethereum (ETH), as Messari assumes most VCs and hedge funds hold a huge amount of the two largest digital currencies.

Nodle Network Wins Polkadot’s 11th Auction

As announced a couple of hours ago, Nodle, a crowdsourced decentralized IoT network, won Polkadot’s 11th auction.

According to the report shared via the official Twitter of Polkadot blockchain, Nodle will be onboarded at block number 9,388,800, which is estimated to take place today 11th March 2022.

Read Also: Polkadot Founder Donates $5M in DOT as Ukraine Ready for Airdrop after Receiving $33M Crypto Donations

Polkadot tweeted, “Congratulations to Nodle Network on winning Polkadot’s 11th auction! Nodle will be onboarded at block #9,388,800 [roughly March 11, 2022] at the beginning of lease 7 with the other winners from auctions 6-11. Over 4.7K network stakeholders locked up DOT in favor!”

Congratulations to @NodleNetwork on winning Polkadot's 11th auction!

Nodle will be onboarded at block #9,388,800 [roughly March 11,2022] at the beginning of lease 7 with the other winners from auctions 6-11. Over 4.7K network stakeholders locked up DOT in favor! pic.twitter.com/lZWrGiPYK2

— Polkadot (@Polkadot) March 10, 2022

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The post Polkadot (DOT) Is Top Altcoin Held by VCs and Hedge Funds in Fourth Quarter Of 2021 appeared first on Times Tabloid.

The country, through its official Twitter handle on 26th February, requested the support of the crypto community in donations. Bitcoin, Ethereum, and USDT addresses were provided. And millions of dollars worth of cryptocurrencies have been donated.

Ukraine tweeted, “Stand with the people of Ukraine. Now accepting cryptocurrency donations. Bitcoin, Ethereum and USDT. BTC – 357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P ETH and USDT (ERC-20) – 0x165CD37b4C644C2921454429E7F9358d18A45e.”

Stand with the people of Ukraine. Now accepting cryptocurrency donations. Bitcoin, Ethereum and USDT.

BTC – 357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P

ETH and USDT (ERC-20) – 0x165CD37b4C644C2921454429E7F9358d18A45e14

— Ukraine / Україна (@Ukraine) February 26, 2022

Ukraine Announced Support for Donations in Polkadot (DOT)

A couple of hours ago, Ukraine, via its official Twitter handle announced support for Polkadot (DOT) donations, assuring that more cryptocurrencies will be accepted soon.

“The people of Ukraine are grateful for the support and donations from the global crypto community as we protect our freedom. We are now accepting Polkadot donations too: $DOT: 1x8aa2N2Ar9SQweJv9vsuZn3WYDHu7gMQu1RePjZuBe33Hv. More cryptocurrencies to be accepted soon.”

The people of Ukraine are grateful for the support and donations from the global crypto community as we protect our freedom. We are now accepting Polkadot donations too: $DOT: 1x8aa2N2Ar9SQweJv9vsuZn3WYDHu7gMQu1RePjZuBe33Hv.
More cryptocurrencies to be accepted soon.

— Ukraine / Україна (@Ukraine) March 1, 2022

Gavin Wood Donates $5 Million Worth of DOT

Ukraine has officially appreciated the founder of Polkadot (DOT), Gavin Wood, for donating $5 million worth of DOT as promised.

Ukraine tweeted, “The people of Ukraine fighting for our freedom are forever grateful to Gavin Wood @gavofyork for the generous donation of $5M of Polkadot $DOT as promised publicly. Thank you from all of us here in Ukraine working for a peaceful future.”

The people of Ukraine fighting for our freedom are forever grateful to Gavin Wood @gavofyork for the generous donation of $5M of @Polkadot $DOT as promised publicly. Thank you from all of us here in Ukraine working for a peaceful future

— Ukraine / Україна (@Ukraine) March 1, 2022

Ukraine Says ‘Airdrop Confirmed’ After Receiving $33M Crypto Donations

Ukraine will conduct an airdrop to donors that have contributed money to its official crypto addresses, the country said on Wednesday through its official Twitter account.

“Airdrop confirmed. Snapshot will be taken tomorrow, on March 3rd, at 6 pm Kyiv time (UTC/GMT +2 hours). Reward to follow!,” the tweet read.

Airdrops involve crypto projects sending free tokens en masse to their communities in a bid to encourage adoption. As earlier reported by CoinDesk, the country has received $33 million in crypto donations so far.

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The post Polkadot Founder Donates $5M in DOT as Ukraine Ready for Airdrop after Receiving $33M Crypto Donations appeared first on Times Tabloid.

According to the investment strategist’s bear case scenario shared in a new report, in addition to the current scalability issues, Ethereum (ETH), the second-largest cryptocurrency, could face regulations and close competition from its contenders in the future.

Read Also: Analyst Makes Bullish Solana (SOL) Predictions for Each Year until 2030: Details

Galindo stated in the report that Ethereum’s scalability issue may keep escalating due to the continued congestion on the network, which resulted in outrageous transaction fees. He pointed out that ETH may become overwhelmed if it fails to upgrade its network.

The investment strategist also discussed how the looming regulations could directly impact Ethereum-based decentralized finance (DeFi) and non-fungible token (NFT) markets.

Denny Galindo noted:

“Ethereum faces more competition in the smart contract market than Bitcoin faces in the store-of-value market. Ethereum may lose smart contract platform market share to faster or cheaper alternatives…

“The second major Ethereum-specific risk is blockchain bloat and scalability. Blockchains are fundamentally expensive technologies because they have built-in redundancy.

Read Also: Shark Tank’s Kevin O’Leary Explains Why He’s Bullish on Solana and Polygon and Hedera

“In order to be a global smart contract platform, Ethereum needs to store a very large amount of data (primarily variables for each smart contract), and it needs to be faster and less expensive to use per transaction than potential alternatives… Over time, Ethereum’s storage demand, unless changed, will likely outstrip its resources…

“The changing regulatory landscape poses another big risk. Much of the activity on Ethereum is in DeFi and NFTs – two areas with rapidly evolving regulations. Regulations that restrict or eliminate certain market segments, such as finance, from using Ethereum could reduce demand for Ethereum transactions.”

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According to the report, the newly launched ETPs will enable both retail and institutional investors to seamlessly gain exposure to Polkadot (DOT) and Cardano (ADA) such as buying shares from banks or brokers.

Read Also: CoinShares: Ethereum Competitors, Cardano, Solana, Polkadot See Institutional Inflows

Reacting to the new development, Tommy Fransson, CEO of Valour, said, “We are expanding our product offerings in the large German market through these listings on Boerse Frankfurt. In Scandinavia, where Valour Polkadot and Cardano are already listed, we have seen a big interest in these crypto assets. We look forward to empowering more investors throughout Europe to have access to leading industry ETPs.”

How Does It Work?

According to the report, the Valour Polkadot (DOT) and Valour Cardano (ADA) precisely track the performance of the digital tokens DOT and ADA respectively. Valour’s Polkadot ETP and Valour’s Cardano ETP make investments in the leading decentralized platforms simple, secure, and cost-effective.

The report further added that Valour offers fully hedged digital asset ETPs with low to zero management fees, with product listings across four European exchanges.

Read Also: Cardano Beats Bitcoin and Ethereum in Terms of Transaction Volume

Polkadot (DOT) and Cardano (ADA) are joining a number of Valour’s existing products, such as Valour Uniswap (UNI), Solana (SOL) ETPs, Bitcoin Zero, and Valour Ethereum Zero products.

According to DeFi Technologies, the products target retail and institutional investors who are seeking exposure to Polkadot and Cardano networks. As aforementioned, by trading the products, the investors will possess the ability to buy shares conveniently.

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The post Cardano and Polkadot Exchange Traded Products (ETPs) Launch On German Stock Exchange appeared first on Times Tabloid.

According to the latest Digital Asset Fund Flows Weekly report, the flagship cryptocurrency, Bitcoin (BTC), recorded the largest share of institutional investments last week.

Read Also: Messari: Polkadot (DOT) Was the Asset of Choice for Institutional Investors In 2021

CoinShares noted:

“Bitcoin continues to lead the inflows with US$71m last week, the largest since early December with this 3-week run of inflows totaling US$108m. Volumes in Bitcoin investment products remained low last week at US$1.8bn versus US$3.4bn the previous week.”

Institutional Inflows into Cardano, Solana, Polkadot

In the report, it’s shown that top Ethereum competitors, including Solana (SOL), Polkadot (DOT), Terra (LUNA), and Cardano (ADA), saw institutional investments inflows totaling, $2.4 million, $2.2 million, $1.4 million and $1.1 million.

As for Terra (LUNA), this was its first week of recording such significant institutional investments inflows.

Read Also: CoinShares: Ethereum and Cardano Dominate Inflows to Institutional Crypto Investment Products

On the other hand, the largest smart contracts platform, Ethereum (ETH), extended its weeks of outflows to nine, after losing $8.5 million in institutional investments last week.

“Investment products flows for Ethereum suggest investors remain bearish with outflows of US$8.5m, having entered the 9th week run of outflows totaling US$280m…”

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