https://en.ethereumworldnews.com/rollbit-revamps-tokenomics-to-benefit-rlb-holders-token-price-soars-65/

• Rollbit has announced a major revamp of its tokenomics, including a new Buy & Burn program,
• The Buy & Burn program will see Rollbit use a portion of its revenue to buy and burn RLB tokens on a daily basis.
• This will help to increase the value of RLB tokens by reducing the supply.
• The other new programs will also benefit RLB holders, giving them ways to earn passive income, get free tokens, and increase the liquidity of RLB tokens.
• The price of RLB tokens has already soared by 65% in the wake of the news.

Crypto gambling platform Rollbit just announced a major revamp of its tokenomics. Co-founder of Rollbit.com @Lucky_Rollbit announced the new program called Buy & Burn today. The program will see Rollbit use a portion of its revenue (10% Casino, 20% Sportsbook, 30% 1000x Futures) to buy and burn RLB tokens on a daily basis.

The Buy & Burn program will help to increase the value of RLB tokens by reducing the supply. As more RLB tokens are bought and burned, the supply will decrease, which will make the tokens more scarce and valuable.

• Added revenue dashboard: This will allow users to track Rollbit’s revenue in real time, which will give them a better understanding of the value of RLB tokens.
• Revenue RLB Lottery pool is updated hourly: This will ensure that the RLB Lottery pool is always up-to-date, which will give users a fair chance of winning.
• Staked Rollbots are locked for 30 days: This will prevent users from unstaking their Rollbots and selling their RLB tokens too quickly, which will help to stabilize the price of RLB tokens.
• 10% of bought RLB is distributed hourly to staked Rollbots: This will give RLB holders a way to earn passive income by staking their tokens.
• Burns will be automated on-chain in the near future: This will make the Buy & Burn program more efficient and transparent.
• RLB Lottery is now free to play This will make the RLB Lottery more accessible to users and could lead to increased participation in the lottery.

These are all great changes that will benefit RLB holders. The staking program will give RLB holders a way to earn passive income, the airdrop program will give everyone a chance to get some free RLB tokens, and the liquidity mining program will help to increase the liquidity of RLB tokens on decentralized exchanges.

RLB Token Price Soars 65% on News of Revamped Tokenomics

The price of RLB tokens has soared by 65% in the wake of news of Rollbit’s revamped tokenomics.

The price of RLB tokens is currently trading at $0.16, up from $0.10 before the news broke. If the Buy & Burn program is successful, it could see the price of RLB tokens continue to rise in the coming months.

Want to trade on Rollbit? Use our referral code for a 10% discount!

If you’re looking to trade on Rollbit, be sure to use our referral code for a 10% discount! Simply enter the code ETHWORLDNEWS when you sign up, and you’ll get a 10% discount on your first deposit.

The referral code can be found at https://rollbot.com/referral/ETHWORLDNEWS. Just copy and paste the code when you sign up for Rollbit, and you’ll be eligible for the discount.

https://en.ethereumworldnews.com/coinbase-relists-xrp-after-court-rules-its-not-a-security/

In welcoming news for crypto fans, crypto exchange Coinbase has made the announcement today that it will be relisting XRP (XRP) on the XRP network subject to liquidity requirements being met. Trading of XRP is expected to commence later today.

Coinbase has planned to launch trading on its XRP USD, XRP USDT, and XRP EUR trading pairs in stages following the establishment of a suitable supply of this asset. The resumption of XRP trading on Coinbase comes after an absence spanning almost two years.

In January 2021 Coinbase had decided to delist $XRP from its platform due to concerns surrounding the security and regulatory status of this cryptocurrency. However, a recent ruling by a U.S. District Court judge has altered the landscape by asserting that the Securities and Exchange Commission (SEC) lacked authority in initiating enforcement action against Ripple Labs, the entity behind XRP.

This court ruling effectively paved the way for Coinbase to reinstate trading activities for XRP as it clarified that XRP does not meet the definition of a security according to the SECs guidelines. The SEC defines a security as “an investment contract,” which involves an arrangement facilitating investor anticipation for returns arising from others’ dedicated efforts. The court established that there is no investment contract inherent in XPR therefore rendering it outside this classification.

Coinbases decision to relist brings about a significant triumph since it signifies their success in contesting the SECs position and clarifies that categorically, XRP should not be considered as a security

For Ripple Labs.

This positive development bears potential implications relating to increased adoption by mainstream investors moving forward. What does this signify for users of XRP?

The reinstatement of XRP trading on Coinbase brings forth constructive prospects for this cryptocurrency. Its return is predicted to enhance liquidity levels along with fostering more robust trade volume.

This outcome also contributes towards greater legitimacy within investor and regulatory circles.

Nonetheless, it remains imperative to bear in mind that XRP remains a highly fluctuating form of cryptocurrency. The cost of XRP may experience significant fluctuations in the near future. It is important for investors to carefully consider the associated risks before deciding to invest in XRP.

https://en.ethereumworldnews.com/former-sec-chair-jay-clayton-bullish-on-bitcoin-etf-approval/

• Former SEC Chair Jay Clayton expressed strong belief in the approval of a Bitcoin ETF.
• Clayton stated that the Bitcoin market may have matured enough to warrant regulatory approval for an ETF.
• Clayton suggested that it would be difficult to resist approving a Bitcoin Spot ETF if the spot market is comparable in efficacy to the futures market.
• The introduction of a Bitcoin ETF would allow investors to track Bitcoin’s price movements without directly owning the cryptocurrency, reducing perceived risks.

In a recent interview with CNBC, the highly regarded former Chair of the U.S. Securities and Exchange Commission (SEC) Jay Clayton, expressed strong belief in the approval of a Bitcoin ETF.

According to Clayton, the Bitcoin market may have reached a level of maturation that could potentially warrant regulatory approval for an ETF. The increased institutional adoption and market developments should have addressed many concerns previously held by regulators.

“We’ve seen development to the point where companies whose reputation in the market matters are saying that they think that trading and custody around this market are sufficient,” said Clayton in the interview.

When asked by the interviewer, “Can they say NO to a Spot ETF?, Clayton responded “It would be hard to resist approving a Bitcoin Spot ETF if the spot market has similar efficacy to the futures market.

With an ETF in place, investors would be able to track Bitcoin’s price movements without direct ownership of the cryptocurrency itself; this approach mitigates some perceived risks associated with holding digital assets.

While acknowledging that the SEC bears primary responsibility for investor protection and market integrity Clayton argued that risks related to a Bitcoin ETF have diminished over time due to regulatory advancements and increased oversight in the marketplace.

Several other countries have already embraced Bitcoin ETFs which highlights that it may be time for the U.S. not to lag behind in embracing such financial innovation.

Despite this positive outlook. Clayton recognized that any proposal for a Bitcoin ETF should undergo a comprehensive review by the SEC to address potential concerns including market manipulation, custody solutions, and investor protection measures. The former chair stressed on conducting thorough due diligence by the SEC in order to mitigate risks associated with this emerging sector within crypto industry. As discussions surrounding a potential approval of a Bitcoin ETF continue, words from an authoritative figure such as Clayton bolster industry experts’ belief that regulatory approval is well overdue for such an investment vehicle. If approved the introduction of a Bitcoin ETF into the American market may unlock significant possibilities for retail as well as institutional investors interested in participating within the regulated cryptocurrency realm securely.

Please take note that this news articles purpose is solely informative devoid of any financial or investment recommendations. We sincerely advise our readership to diligently conduct their own research while also seeking counsel from qualified professionals prior to undertaking any investment endeavors.

https://en.ethereumworldnews.com/shibarium-to-launch-in-august-what-this-means-for-shib/

Shiba Inu enthusiasts are eagerly anticipating the upcoming launch of Shibarium. The Layer 2 solution designed for the Shiba Inu ecosystem.

Shibarium is anticipated to have a significant impact on reducing gas fees on the Shiba Inu network ultimately making it more accessible and affordable for users. This development has attracted investors who are already showing interest in SHIB prior to the Shibarium launch over recent weeks.

The price of SHIB has been steadily rising and was trading as high as $0.0000085 according to TradingView. Experts predict that following the Shibarium launch there is a possibility that the price could even reach $0.0000100, if not higher.

The Shibarium launch is scheduled to take place in August 2023; although an exact date hasn’t been disclosed yet. Developers assure that they remain on track with their schedule.

Once Launched Shibarium will mark a significant milestone for the Shiba Inu ecosystem by introducing improved scalability and efficiency for better user interaction with the network. Consequently this highly anticipated event is also expected to positively influence SHIBs price and potentially lead to wider token adoption. The following are key benefits associated with Shibarium:

1) Reduced gas fees: By implementing a proof of stake consensus mechanism instead of Ethereums current proof of work mechanism. Shibarium will substantially lower gas fees on the Shiba Inu network.

2) Increased scalability: Compared to Ethereum. Shibarium will be capable of processing a higher number of transactions per second. This enhancement will greatly improve scalability and overall efficiency for the Shiba Inu network.
3) Enhanced user experience: With reduced gas fees and increased scalability provided by Shibarium users will find it more convenient and cost effective to interact within the Shiba Inu ecosystem. The much anticipated launch of Shibarium is undoubtedly poised to be a major catalyst within the Shiba Inu community.

Further driving growth and development in the ecosystem. The launch of Shibarium is an important development for the Shiba Inu ecosystem. By making the network more scalable, efficient and user friendly it has the potential to increase adoption of the token and raise the price of SHIB. However. It is important to be aware of the risks associated with this project.

There is a possibility that the project could be delayed or canceled despite the good track record of the Shibarium developers. Additionally, there is always a risk that the project may not meet expectations or could be vulnerable to hacking. If hacking were to occur, it could negatively impact the reputation of the Shiba Inu ecosystem and potentially cause a decline in SHIBs price.

https://en.ethereumworldnews.com/grayscale-adds-lido-to-defi-fund-signaling-growing-institutional-interest-in-liquid-staking/

• Grayscale Investments, the world’s largest digital asset manager, has added Lido (LDO) to its DeFi Fund (DFX).
• The addition of LDO to the Grayscale DeFi Fund demonstrates growing interest in liquid staking services.
• Liquid staking is growing in popularity because it allows users to earn staking rewards while maintaining access to their tokens and increasing their liquidity.

New York, NY — Grayscale Investments, the world’s largest digital asset manager, has added Lido (LDO) to its DeFi Fund (DFX). The addition of LDO makes it the second-largest holding in the fund, after Uniswap (UNI).

Lido is a liquid staking service that allows users to stake their Ethereum (ETH) tokens without locking them up. This makes it a popular option for investors who want to earn staking rewards without having to forgo the liquidity of their ETH tokens.

The addition of LDO to the Grayscale DeFi Fund is a sign of growing interest in liquid staking services. As more and more investors become interested in earning staking rewards, liquid staking services like Lido are likely to become increasingly popular.

What is liquid staking?

Liquid staking is a service that allows users to stake their cryptocurrencies without having to lock them up. This means that users can still trade, lend, or use their staked tokens while they are earning staking rewards.

There are a number of liquid staking services available, including Lido, Rocket Pool, and Stakefish. These services typically work by issuing a token that represents the staked cryptocurrency. For example, when users stake ETH with Lido, they receive stETH tokens. stETH tokens can be traded, lent, or used just like ETH tokens.

Why is liquid staking growing in popularity?

There are a number of reasons why liquid staking is growing in popularity. First, it allows users to earn staking rewards without having to lock up their tokens. This can be a major advantage for investors who want to be able to access their funds at any time.

Second, liquid staking can help to increase the liquidity of staked cryptocurrencies. This is because it allows users to trade, lend, or use their staked tokens without having to unstake them first. This can make it easier for investors to get the most out of their staked cryptocurrencies.

What does the addition of LDO to the Grayscale DeFi Fund mean?

The addition of LDO to the Grayscale DeFi Fund is a significant development for the liquid staking space. It is a sign of growing institutional interest in liquid staking services, and it is likely to help to drive further adoption of these services in the future.

Grayscale is one of the most respected digital asset managers in the world. The addition of LDO to its DeFi Fund is a vote of confidence in the liquid staking space. It is also a sign that institutional investors are starting to take notice of liquid staking services.

What does the future hold for liquid staking?

The future of liquid staking looks bright. As more and more investors become interested in earning staking rewards, liquid staking services are likely to become increasingly popular. This is likely to lead to further development of the liquid staking space, as new services and products are introduced.

It is also possible that liquid staking will eventually become the standard way to stake cryptocurrencies. This is because it offers a number of advantages over traditional staking, such as increased liquidity and flexibility.

Conclusion

The addition of LDO to the Grayscale DeFi Fund is a significant development for the liquid staking space. It is a sign of growing institutional interest in liquid staking services, and it is likely to help to drive further adoption of these services in the future.

The future of liquid staking looks bright, and it is possible that it will eventually become the standard way to stake cryptocurrencies.