updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131Both companies are also planning to launch three types of Bitcoin Futures ETFs.
Investment firms ARK Invest and 21Shares are proposing to offer two Ethereum futures exchange-traded funds (ETFs). This follows earlier reports that the United States securities regulator might already be gearing up to start approving applications. Although, in May, the regulator had initially asked issuers to halt all efforts to bring such products to the market.
Per the Thursday co-filing, however, the firms are proposing the “ARK 21Shares Active Ethereum Futures ETF” (ARKZ), and the “ARK 21Shares Active Bitcoin Ethereum Strategy ETF” (ARKY).
Ark Invest and 21Shares come off as two firms that many view as top contenders in the race for a spot Bitcoin ETF. Therefore, reports that they are also keen to launch funds associated with ether futures contracts might come as a surprise.
However, it appears to be a common case with many other issuers who, reportedly, have also started submitting similar propositions to the regulator.
In the filing, the firms explained that ARKZ would invest at least 25% of its total assets in cash-settled Ethereum futures contracts. That is, for instance, those traded on the Chicago Mercantile Exchange (CME). But that’s not all. The filing also revealed that ARKZ may yet invest in US Treasury securities, money market instruments and repurchase agreements.
ARKY, on the other, would be similar to an extent. However, it will invest in both Bitcoin and Ethereum futures contracts, including its own planned ETFs that hold such contracts.
The filing lists Empowered Funds, a subsidiary of white-label ETF platform Alpha Architect, as the fund adviser on both products.
Also noteworthy is how Ark Invest and 21Shares have continued to share a common ETF goal. Since they both partnered to launch a spot Bitcoin ETF in 2021, the duo have been unstoppable in their quests.
Although the SEC initially denied their first two applications, the regulator is currently reviewing their latest proposal. In line with this, the SEC said on August 11 that it would initiate proceedings on the ARK 21Shares Bitcoin ETF matter. According to the regulator, this proceeding will help it to determine whether to approve or deny the proposal.
Meanwhile, both companies are also planning to launch three types of Bitcoin Futures ETFs. They revealed the plans after what seemed like the SEC may have decided to be undecided on the spot bitcoin ETF proposal. And, interestingly, they also listed Empowered Funds as the investment adviser for the planned product trio as well.
Mayowa is a crypto enthusiast/writer whose conversational character is quite evident in his style of writing. He strongly believes in the potential of digital assets and takes every opportunity to reiterate this.
He’s a reader, a researcher, an astute speaker, and also a budding entrepreneur.
Away from crypto however, Mayowa’s fancied distractions include soccer or discussing world politics.
Stefano Gugl, the co-founder of Welly, has announced the proposed move of SHIB-themed burger joint Welly into the second largest Arab economy, Dubai.
In a tweet, Stefano Gugl announced it was seeking partners or investors for a “game-changing fast food venture.” He adds that the management of the store will be taken care of by the Welly team. Gugl further clarifies that the move will not be a franchise but rather a chance to open a new store together under a new company.
— WELLY
(@wellyfriends) January 23, 2023
Earlier in January, Gugl announced that Welly was looking for partners to bring the Welly experience to the people of New York City (NYC). This comes as Welly works on its expansion worldwide.
In February last year, Shiba Inu announced its partnership with Naples, Italy-based fast food burger joint, Welly. Owing to the partnership, Welly conducted a full rebranding, making the Shiba Inu dog its new mascot and adjusting its menu and marketing strategy.
Shiba Inu’s lead developer, Shytoshi Kusama, said in a blog post that the partnership solidifies Shib’s first step into IRL (in-real-life) projects. He stated that the Welly team was in discussions to release multiple stores this year, 2023. As announced, Shiba Inu (SHIB) is a method of payment in the store.
The SHIB-themed burger joint also announced that the community behind the second-biggest meme coin will have a 15% ownership stake in its business. The community will be entitled to a portion of the profits from all activities.
Welly also announced it would participate in burning SHIB months after the rebranding was done. In November, the fast food joint announced that the Welly DOG (Decentralized Organization Group) was now active.
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Following Uphold’s recent announcement that it has integrated Cardano, the duo said it would be hosting a webinar to discuss the initiative in detail.
A recent Tweet by Uphold announces plans to host a webinar on August 17, 2022, at 4 PM UTC. The webinar will bring together senior executives, including Cardano Foundation John Macpherson’s Senior DeFi Relationship Manager.
According to the event calendar, the webinar will focus on Cardano’s development roadmap. The fact that Uphold will host the webinar indicates that the two entities mean business and are set to offer the best to the community.
Cardano and Uphold took to their respective Twitter handle to announce the development.
We’re excited to announce that we’re hosting an exclusive webinar with Sandro Knöpfel, Head of Financial & Regulated Institutions & John Macpherson, Senior DeFi Relationship Manager at Cardano on Wed 17th August, 4PM UTC!
Register here 
https://t.co/gIFSzTgpn9
See you there! pic.twitter.com/QXXOca6jfP
— Uphold (@UpholdInc) August 9, 2022
Meanwhile, the Cardano Foundation noted that it would use the opportunity to update its community about recent developments on the blockchain and upcoming projects.
Join the webinar tomorrow to hear about:
The latest releases to the #Cardano #blockchainWhat’s up next on the project roadmapWhat sets Cardano apart from other platforms@UpholdInc‘s new integration with Cardano which allows for deposits, withdrawals, and staking https://t.co/J35A0St9JE
— Cardano Foundation (@CardanoStiftung) August 16, 2022
Cardano’s Price Performance
Cardano (ADA) has been making waves in the market as the coin gained value by significant margins. The coin is now trading at $0.57, with a 4% 24-hour increase and a 7-day uptick of 12.7%.
Cardano’s success can partly be attributed to its resilience in the sometimes tumultuous market and efforts to enter into partnerships with various crypto and blockchain-related entities.
Uphold Fully Integrated Cardano
Earlier this month, the blockchain network and its native coin (ADA) scored a significant win with Uphold. Uphold, the digital money platform, recently added support for Cardano, thus giving its more than 1.7 million users access to deposit, withdraw, and stake ADA.
What Is Uphold?
Covering over 200 currencies that include crypto and fiat, Uphold prides itself in serving over 184 countries across the globe. It facilitates flawless cross-border fund transfers.
The platform has handled over $4 billion in transactions since its inception in 2015. The platform links users and businesses worldwide with e-money apps that facilitate trading between currencies in a safe environment.
Importance of ADA Integration on Uphold
Uphold’s the integration of Cardano will boost Cardano’s position as one of the most prevalent blockchain networks in the industry. It will also boost ADA’s reach as it gets introduced to a larger user base on Uphold.
Uphold plans to support ADA deposits, withdrawals, and staking. With Cardano’s Vasil upgrade coming of age soon, the integration with Uphold will surely be a considerable boost.
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Source: https://thecryptobasic.com/2022/08/17/cardano-and-uphold-to-host-a-joint-webinar-following-integration-of-ada-to-upholds-platform/?utm_source=rss&utm_medium=rss&utm_campaign=cardano-and-uphold-to-host-a-joint-webinar-following-integration-of-ada-to-upholds-platform
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Shiba-Inu fast-food restaurant Welly will conduct full audit after hacking incident
Welly, a Shiba Inu-themed burger joint, has provided an update about a recent phishing exploit.
Last week, the Italian fast-food restaurant revealed that its Discord channel had suffered a security breach, with bots posting malicious links for about half an hour to redirect users to a bogus minting website.
Scammers were only able to steal up to 10 ETH ($17,573) worth of non-fungible tokens, Metaverse land and other assets, according to the announcement.
Most of the stolen assets have been returned, and it is working with OpenSea, the biggest NFT marketplace, in order to further mitigate the damage.
Welly says that the losses have been minimized thanks to the speedy response of the Defense and Growth districts of the Metaverse.
The aforementioned departments are now working on a full audit to find out exactly how the attack was carried out.
Despite canceling its plans to integrate NFTs last year due to community backlash, Discord remains a popular destination for cryptocurrency enthusiasts. Hackers frequently target crypto-related channels, attempting to trick users into clicking phishing links and parting ways with their crypto holdings or NFTs.
Last week, Yuga Labs, the company behind the Bored Apes Yacht Club collection, admitted that the BAYC Discord channel was hacked, with malicious actors stealing $360,000 worth of NFTs.
Welly became part of the Shiba Inu community after performing a full rebrand in February. As reported by U.Today, the burger joint announced that it would start burning SHIB tokens in late April.
Shiba Inu Launches NFT Collection With Eat Welly Burger JointShiba Inu (SHIB) is powering the world’s first fast-food NFT for Eat Welly burger joint on its network. The first phase of the project went live on June 9 and the mint has already started, and will take place in different stages. It does seem, however, that analysts still have a bearish outlook on SHIB’s price.
SHIB’s new NFT collection is titled “Eat Wellys” and was designed by @chico_rata. The collection consists of 10,000 NFT and each piece has a different combination of attributes. There are a total of 140 attributes that are distributed among all the NFTs.
One of the reasons why this NFT collection is so special is because it is the first collection to be linked directly to a real-world business. The collection is currently available on OpenSea.
After phase one of the mints started on June 9, LEASH and Shiboshi holders minted Welly NFTs, even with their holdings locked in staking. In the last 12 hours of the first phase, BONE and SHIB holders were exclusively invited to mint the Welly NFTs. The second phase of the project will start at the end of the first, and the third phase will consist of a public sale.
Despite the excitement surrounding this NFT launch, analysts still have a bearish outlook on the SHIB price. SHIB is expected to see a 20% price drop as analysts are convinced that the descending triangle has been confirmed on SHIB’s chart.
At the moment, SHIB is worth $0.000008715 after a 15.25% drop in price over the last 24 hours, according to CoinMarketCap.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
A new online-only restaurant in Dubai pays homage to the meme cryptocurrency Dogecoin (DOGE) with themed cuisine, packaging, and the possibility for customers to pay using cryptocurrency.
Doge Burger is a new virtual restaurant in Dubai, the United Arab Emirates’ most populated city.
The eatery bills itself as the “first online, Dogecoin-inspired e-commerce platform.” Rocket Kitchens, a virtual restaurant company, introduced Doge Burger. The chain’s first cryptocurrency-based hospitality idea is Doge Burger.
Burgers, chicken sandwiches, hot dogs, fries, and a variety of other foods are available at the restaurant. Some of the highlights in their menu include doge burger chicken, doge burger beef, and special hot doge.
Sandwich wraps include inscriptions like “HODL,” “Wen Lambo,” and “Satoshi Nakamoto,” the name of Bitcoin’s enigmatic founder. There are also various rocket ships and phrases like “to the moon” on the packaging.
Bitcoin BTC, Ethereum ETH, Binance Coin BNB, Crypto.com Coin CRO, Ripple XRP, Tether USDT, Shiba Inu SHIB, and Dogecoin are among the cryptocurrencies that may be used to pay for orders.
Elon Musk, the CEO of Tesla, sent a tweet in January asking McDonald’s to accept DOGECOIN donations in exchange for him eating a Happy Meal on TV. Elon Musk’s statement was not only well-received, but numerous celebrities also weighed in to urge McDonald’s to embrace crypto payment options.
While Elon Musk’s initiative did not pan out as planned, another competing fast-food restaurant, MrBeast Burger, an American delivery-only fast-food chain founded by Jimmy Donaldson, gave Musk’s proposal a nod. If the meme-inspired coin received an RT, the corporation agreed to consider accepting it.
Doge Burger seeks to contribute to the UAE’s rising use of cryptocurrencies by accepting all major crypto coins. The creators invested in Dogecoin early on in its development and used the proceeds to completely support Doge Burger.
Doge Burger isn’t the first restaurant in the UAE to accept cryptocurrencies; several eateries began taking cryptocurrency payments as early as 2014.
The UAE appears to have been leaping into the future recently. MetaTerrace, a mixed-reality crypto club in the DIFC, has recently launched as a destination for Dubai’s blockchain community as well as nightlife fans.
A new cryptocurrency-themed restaurant called “Doge Burger” has launched in Dubai, allowing customers to pay for their food using digital assets. It will offer many “doge-inspired” burgers which can be delivered directly to customers’ doors.
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Dogecoin is a cryptocurrency created in 2013 to mock the very idea of cryptocurrency—a so-called “memecoin” with a dog theme that has received support from the likes of Elon Musk, Gene Simmons and Mark Cuban. But it’s not just celebrities who are falling head-over-paws in love with this digital currency, known for its iconic Shiba Inu mascot.
Bradenton’s Willy-Yums Hotdogs and More (pronounced “Will-Yums”) recently started accepting it, as well. The restaurant, which was opened by Rob Williams in 2017, offers an array of gourmet hot dogs ranging from classic New York and Chicago styles to combos that put a twist on the street food. Ever heard of a pizza hot dog or a bacon and mac and cheese hot dog before?
“I’ve been a fan of Dogecoin for two years now,” says Williams. He became interested in the cryptocurrency after a friend introduced him to Robinhood, the investment trading website and app.
When Williams began investing in the meme coin, it was valued at only $0.002, well below its present value of around 17 cents. “I said, ‘You know what? I’m going to get it. It’s not expensive. Let me go ahead and get some,'” says Williams.
What exactly is the draw of Dogecoin? Williams says he enjoys how fun and easy it is to buy and trade. The currency’s mascot being a dog only adds to its appeal. “I like the fact that it’s D.O.G.E. and I do hot dogs,” he says. “I like the idea of hot doge.”
Now fellow Dogecoin fans can use the crypto cash as their preferred method of payment at Willy-Yums by simply scanning a QR code and entering their order total. And if that wasn’t enough for Doge-lovers, during the month of February, Willy-Yums will be offering a special promotion. Anyone who pays for their order using Dogecoin will receive 50 percent off their total.
Willy-Yums Hotdogs and More is located at 2003 14th St. W., Bradenton. For more info, call (941) 243-6906 or visit the restaurant’s Facebook page.
Galaxy Digital, a leading crypto asset manager along with Invesco has filed a joint physical Bitcoin ETF proposal to push the crypto ETF effort in the US. The move came in as a surprise given the majority of Bitcoin ETF filing over the past month has been for Bitcoin Strategy ETF that offers investment in BTC Futures products.
*Invesco Teams Up in Push to Create Crypto ETFs
*Invesco Teams With Galaxy Digital in U.S. Crypto ETF Effort
— *Walter Bloomberg (@DeItaone) September 22, 2021
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According to the Tuesday SEC filing, the Invesco Galaxy Bitcoin ETF would offer direct exposure to Bitcoin ($BTC) and it would track the Bloomberg Galaxy Bitcoin index. The joint venture aims to hold Bitcoin in their trust and issue shares against it. The joint venture has selected Delaware Trust Company as the Bitcoin custodian. The official filing read,
“The Trust will value its Shares daily based on the value of the Index as of 4:15 p.m. ET, which is calculated based on data from bitcoin pricing sources selected by Bloomberg Index Services Limited (the “Index Provider”) that have met the Index Provider’s selection criteria, including pricing consistency, frequency, and quality (“Pricing Sources”). Invesco Capital Management LLC (the “Sponsor” or “Invesco”) is the sponsor of the Trust, Delaware Trust Company (the “Trustee”) is the trustee of the Trust, and [ ] (the “Bitcoin Custodian”) will hold all of the Trust’s bitcoin on the Trust’s behalf as custodian.”
Bloomberg ETF analyst Eric Balchunas has predicted last month that a Bitcoin Futures ETF could be approved by October as the number of Bitcoin Strategy ETFs soared after SEC chief Gary Gensler claimed that a Futures based crypto ETF has higher chances of getting the regulatory body nod. As a result of Gensler’s comments, VanEck withdrew its Ethereum ETF proposal after filing for a Bitcoin Futures ETF.
Balchunas also noted that once a crypto Futures ETF is approved, the physical ETF proposals won’t lag behind and can get regulatory approval by early next year.
Interesting given Genz has signaled he won’t approve any 33 Act filings (which this is). Perhaps they just want to be in race just in case. In the meantime, Invesco is in good position to get their bitcoin futures etf approved in October.
— Eric Balchunas (@EricBalchunas) September 21, 2021
The current state of regulations in the US seems to be complex, but crypto proponents hope for a regulatory clearance soon and especially the approval of the first crypto ETF in the US.
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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