Ethereum co-founder Vitalik Buterin has publicly affirmed his personal conviction in Ethereum ETH/USD as a store of value.
What Happened: This statement comes in response to ongoing discussions about the Ethereum team’s reluctance to promote ETH’s monetary aspects.
Buterin’s comment, “If I did not believe in ETH as SOV I would not hold ∼90% of my net worth in it,” was made in reply to observations by DCinvestor, a strategic advisor and private investor in the cryptocurrency space.
DCinvestor argued that despite Ethereum’s widespread use in DeFi and its significant total value locked (TVL), developers have been hesitant to publicly discuss ETH’s status as a store of value, possibly due to concerns about regulatory scrutiny.
He emphasized that for Ethereum to operate securely under its Proof of Stake (PoS) consensus mechanism, ETH must be perceived as a desirable store of value.
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Buterin’s revelation provides a rare glimpse into his personal financial strategy and his confidence in Ethereum’s long-term value proposition.
The statement is particularly noteworthy given the Ethereum development team’s historical reticence to promote ETH as a store of value or programmable money.
Also Read: Bitcoin Drops 4%, Loses $60,000 Support As ETFs See $127M Outflow
This stance has been a point of discussion within the crypto community, with some speculating that it stems from regulatory concerns or a desire to focus on Ethereum’s technological aspects rather than its financial implications.
Buterin’s comment appears to bridge the gap between the public positioning of Ethereum and the personal convictions of its co-founder.
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It suggests that while the core development team may not actively promote ETH’s monetary aspects, there is a strong belief in its value retention capabilities at the highest levels of the Ethereum ecosystem.
This development comes at a time when the cryptocurrency industry is grappling with evolving regulatory landscapes and shifting perceptions of digital assets.
As the industry continues to mature, the role of major cryptocurrencies as stores of value remains a critical topic of discussion.
What’s Next: The implications of Buterin’s statement are likely to be a significant point of discussion at the upcoming Benzinga Future of Digital Assets event on Nov. 19.
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Want to mine Bitcoin but don’t have the best cloud mining gear? Bitcoin cloud mining is a popular solution,In this blog post, we will explore the top seven free cloud mining platforms that can help you start your journey towards financial freedom. Discover how you can leverage technology to earn money effortlessly with cloud mining in 2024!
Cloud Mining vs Traditional Mining – Key Differences
The fundamentals of cloud mining and traditional mining are the same. The objective is to solve complex cryptographic equations to earn blockchain mining rewards. However, there are some key differences between the two:
Traditional mining – allows you to keep 100% of your mining rewards without going through a third party. Instead, you’ll be connecting a specialist hardware device to your own local network. However, it comes with significant cost implications. For instance, if you’re looking to make a profit by mining Bitcoin, you’ll need a significant capital outlay to buy specialized hardware devices. These are usually not just one, but enough to generate sufficient levels of hashing power.
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Cloud mining – eliminated the worry about energy costs, as this is taken care of by the provider and deducted from your return on investment. You also won’t need to invest significant sums in buying an entire mining rig. Instead, you’ll simply need to cover the cost of the hashing power contract.
Top 7 Free Cloud Mining Platforms
Are you looking to dip your toes into the world of cloud mining without having to invest a significant amount upfront? Look no further! Here are the top 7 free cloud mining platforms that can help you kickstart your passive income journey.
Site Name
Supported Coins
Payout Frequency
Major Features
GDMining
BTC, ETH, LTC, USDT
Daily, anytime withdrawal
Variety of contracts, no hidden fees, $50 signup bonus, global presence
Binance
Bitcoin, Litecoin
Every 8 Hours
Secure, quick payouts
ECOS
Bitcoin, Ethere
Daily
Secure, focused on Bitcoin
Hashing24
Bitcoin
Daily
Secure, focused on Bitcoin
F2Hash
Bitcoin
Daily
User-friendly, transparent, secure
BitFuFu
Bitcoin
Daily
No hidden fees
IQ Mining
Bitcoin,Ethereum
Daily
User-friendly
GDMining: GDmining offers efficient and accessible cloud mining solutions for cryptocurrency enthusiasts. By leveraging advanced technology, GDmining provides a hassle-free way to mine a variety of digital currencies without the need for expensive hardware or in-depth technical knowledge.
Key Features
Cloud Mining: Start mining cryptocurrencies without the complexities of setting up your own hardware.
Multiple Cryptocurrencies: Mine popular digital currencies like Bitcoin, Ethereum, and Litecoin.
User-Friendly Platform: Navigate an intuitive interface designed for both beginners and experienced miners.
Flexible Mining Plans: Choose from a variety of plans to fit different budgets and mining goals.
Real-Time Monitoring: Access real-time statistics to monitor your mining performance effectively.
How to Get Started with GDMining：
①Sign Up: Visit the GDMining website and sign up using a valid email address. New users receive a $50 bonus immediately upon successful registration.
②Choose a Contract: Browse the available cloud mining contracts and select the one that suits your investment level and goals. Contracts vary in price, duration, and daily rewards, providing options for all types of investors.
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③Start Earning: Once a contract is purchased, daily profits are automatically deposited into the user’s account. Withdrawals are processed promptly with no fees, and users can choose their preferred cryptocurrency for withdrawals.
Trending Contracts：
GDMining offers a variety of contracts to meet different investment needs. Some of the popular options include.
2. Binance
Binance emerges as a premier choice for short-term cloud mining, offering 90-day contracts exclusively for Bitcoin. The process is straightforward, requiring a Binance account, which takes less than a minute to open. While Binance’s Bitcoin cloud mining is renowned for its simplicity and daily payouts, there are some considerations regarding minimum requirements and estimated outputs displayed exclusively in Bitcoin, potentially adding complexity to the investment decision.
3. Ecos
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Founded in 2017, Ecos has earned its reputation as a trailblazer in the cloud mining industry by being the first provider to operate with legal status. With over 250,000 users, Ecos offers a reliable and legitimate platform for mining various cryptocurrencies without the need for specialized equipment.
4. Hashing24
With a decade of operational excellence, Hashing24 has emerged as a stalwart in the Bitcoin cloud mining domain, specializing in Bitcoin mining. Boasting active mining farms across Canada, Georgia, Norway, and Iceland, Hashing24 offers user-friendly features and displays all contract terms in US dollars or euros, simplifying the assessment of potential returns.
5. F2Hash
Launched in 2021, F2Hash has swiftly become a notable player in the cloud mining arena, offering tailored plans for both large and small-scale investors. With diverse options like the Enterprise Flash Plan, Pro Flash Plan, and the entry-level Explorer Plan, F2Hash aims to cater to a wide range of investment preferences.
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6. BitFuFu：The BitFuFu platform has over 17 mining farms spread across the globe with millions of users. It offers a user-friendly one-click order or more customizable contracts where you will need to do a little technical analysis.
7. IQ Mining: IQ Mining is a leading cloud mining service provider that combines mining with trading to optimize returns. It offers a seamless and efficient way for users to mine a variety of cryptocurrencies without the need for expensive hardware or technical expertise.
Conclusion：
The primary objective of cloud mining is to earn passive income. As soon as you purchase your chosen mining contract – you can sit back and allow your money to work for you. There is no input required from you at all. and GDMining is the best option to achieve this goal.JoinGDMiningnow and witness your income rapidly grow in 2024!
For more information, please visit the official website:https://gdmining.com/.
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*This article was paid for. Cryptonomist did not write the article or test the platform.
Anthony Scaramucci, a former White House Communications Director, described Republican presidential candidate Donald Trump’s pro-cryptocurrency campaign as “positive, forward, and innovative.”
What happened: During an audio podcast with former journalist and cryptocurrency analyst Frank Chaparro, Scaramucci, a vocal Trump critic, admitted that the former President was better for the industry overall.
“Trump is a dangerous guy but he is better for crypto in general as he is pivoted towards crypto,” the CEO of investment firm SkyBridge Capitalremarked.
Scaramucci reiterated his view that cryptocurrency should be bipartisan and rise above political developments.
The former Trump aide also singled out Sen. Elizabeth Warren (D-Mass.) and SEC Chair Gary Gensler for their hostility toward the cryptocurrency industry.
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“I think they are anti-crypto because they have a lot of eggs on their faces and they never had to answer for the FTX situation,” Scaramucci said, referencing the stunning collapse of the cryptocurrency exchange during the fall of 2022. “One of the ways to deflect all of that is to be behemothly anti-cryptocurrency.”
See Also: Coinbase Leads The Blockchain Industry’s Unprecedented Donation Spree In 2024 Election
Why It Matters: Scaramucci, who served as the White House Communications Director for a brief 11-day stint during Trump’s presidency before being booted out, has lent support to Democratic candidate Kamala Harris’ campaign.
He earlier expressed confidence that the Harris administration would undertake the right regulatory measures for the cryptocurrency industry but added that she needed to be given time.
In an earlier interaction, Scaramucci noted Bitcoin’sBTC/USD healthy progress this year and expressed confidence that the leading cryptocurrency would hit $100,000.
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Price Action: At the time of writing, Bitcoin was exchanging hands at $59,269.71, down 5.75% in the last 24 hours, according to data from Benzinga Pro.
Photo by World Economic Forum on Flickr
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Over the past 24 hours, Aptos’sAPT/USD price rose 4.65% to $7.38. This continues its positive trend over the past week where it has experienced a 23.0% gain, moving from $6.08 to its current price. As it stands right now, the coin’s all-time high is $19.92.
The chart below compares the price movement and volatility for Aptos over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
Aptos’s trading volume has climbed 55.0% over the past week along with the circulating supply of the coin, which has increased 0.11%. This brings the circulating supply to 485.06 million. According to our data, the current market cap ranking for APT is #30 at $3.58 billion.
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This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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