{"id":606330,"date":"2023-02-09T22:49:47","date_gmt":"2023-02-10T04:49:47","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/02\/09\/ethereum-on-verge-of-fud-coinbase-ceo-tweet-ruffles-feathers\/"},"modified":"2023-02-09T22:49:47","modified_gmt":"2023-02-10T04:49:47","slug":"ethereum-on-verge-of-fud-coinbase-ceo-tweet-ruffles-feathers","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/02\/09\/ethereum-on-verge-of-fud-coinbase-ceo-tweet-ruffles-feathers\/","title":{"rendered":"Ethereum on verge of FUD? Coinbase CEO tweet ruffles feathers"},"content":{"rendered":"<div id=\"mvp-content-main\">\n<ul>\n<li><em>Coinbase CEO\u2019s tweet sparked speculation on SEC\u2019s new crypto rulings.<\/em><\/li>\n<li><em>New regulations could impact the crypto industry and lead to problems.<\/em><\/li>\n<\/ul>\n<p>The crypto world has been buzzing for the last 24 hours, thanks to a tweet by <a href=\"https:\/\/ambcrypto.com\/?s=coinbase\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Coinbase<\/a> CEO Brian Armstrong. The speculation triggered by the tweet revolved around the potential impact of the SEC\u2019s new rulings on the crypto space.<\/p>\n<blockquote data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">1\/ We&#8217;re hearing rumors that the SEC would like to get rid of crypto staking in the U.S. for retail customers. I hope that&#8217;s not the case as I believe it would be a terrible path for the U.S. if that was allowed to happen.<\/p>\n<p>\u2014 Brian Armstrong (@brian_armstrong) <a href=\"https:\/\/twitter.com\/brian_armstrong\/status\/1623459203150131201?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">February 8, 2023<\/a><\/p>\n<\/blockquote>\n<hr>\n<p>Read <a href=\"https:\/\/ambcrypto.com\/predictions\/ethereum-price-prediction\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Ethereum\u2019s [ETH] Price Prediction<\/a> 2023-2024<\/p>\n<hr>\n<p>Armstrong\u2019s tweet suggested that the SEC might look to eliminate crypto staking for retail customers in the U.S. The reason cited for this move was the SEC\u2019s view of <a href=\"https:\/\/ambcrypto.com\/ethereum-derivatives-see-2-year-high-where-does-this-put-eth\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Ethereum<\/a> as a security post the launch of its staking feature.<\/p>\n<p>Armstrong added that regulation by enforcement would force companies to move offshore. This would lead to more FTX-like problems for the crypto industry, according to him.<\/p>\n<h3>Post-update FUD?<\/h3>\n<p>Armstrong\u2019s tweet may trigger FUD in the crypto space, as many prominent Twitter accounts added fuel to the fire.<\/p>\n<blockquote data-width=\"550\" data-dnt=\"true\">\n<p lang=\"und\" dir=\"ltr\">???? <a href=\"https:\/\/t.co\/9gxpvcLnLM\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">pic.twitter.com\/9gxpvcLnLM<\/a><\/p>\n<p>\u2014 Will Clemente (@WClementeIII) <a href=\"https:\/\/twitter.com\/WClementeIII\/status\/1623488852135407616?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">February 9, 2023<\/a><\/p>\n<\/blockquote>\n<p>The situation was further compounded by the news of the SEC\u2019s investigation of the Kraken exchange. The reason cited for the investigation was the suspicion of the sale of unregistered securities.<\/p>\n<blockquote data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Kraken, the second-largest U.S. exchange, is under investigation by the U.S. Securities and Exchange Commission for the sale of unregistered securities and may settle in the coming days, according to Bloomberg. <a href=\"https:\/\/t.co\/yrxxuMdAE2\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">https:\/\/t.co\/yrxxuMdAE2<\/a><\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1623460884596273152?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">February 8, 2023<\/a><\/p>\n<\/blockquote>\n<h3><strong>Impact on Ethereum<\/strong><\/h3>\n<p>These developments could potentially impact the growth of Ethereum, especially with the much-awaited Shanghai Upgrade. Despite this, at press time, the Ethereum network continued to set new records, with the number of non-zero addresses exceeding 94 million and the total number of ETH 2.0 staked addresses surpassing 527,000.<\/p>\n<hr>\n<p>How much are <a href=\"https:\/\/ambcrypto.com\/convert\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">1,10,100 ETH worth today<\/a>?<\/p>\n<hr>\n<p>However, the number of large addresses on Ethereum declined during this period. Moreover, the number of addresses holding over 10 coins reached a one-month low of 350,897 at press time. This decline in the sentiment could possibly signal a reversal of the bullish interest in Ethereum.<\/p>\n<div id=\"attachment_289743\">\n<p><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/FogempTWcAErslr.jpeg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-289743\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/FogempTWcAErslr.jpeg\" alt width=\"2400\" height=\"1200\"   data-old-src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%202400%201200'%3E%3C\/svg%3E\" data-lazy-srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/FogempTWcAErslr.jpeg 2400w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/FogempTWcAErslr-300x150.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/FogempTWcAErslr-1024x512.jpeg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/FogempTWcAErslr-768x384.jpeg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/FogempTWcAErslr-1536x768.jpeg 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/FogempTWcAErslr-2048x1024.jpeg 2048w\" data-lazy-src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/02\/FogempTWcAErslr.jpeg\"><\/a><\/p>\n<p id=\"caption-attachment-289743\">Source: Glassnode<\/p>\n<\/div>\n<p>The SEC\u2019s investigations and potential new rulings could impact Ethereum negatively. However, the network continued to grow at press time. It remains to be seen how the situation will impact the crypto space.<\/p>\n<\/p><\/div>\n<div id=\"mvp-content-bot\">\n<div id=\"mvp-author-box-wrap\">\n<div>\n<p><img loading=\"lazy\" decoding=\"async\" data-del=\"avatar\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/image-1-80x80.jpeg\" height=\"60\" width=\"60\" data-old-src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%2060%2060'%3E%3C\/svg%3E\" data-lazy-src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/image-1-80x80.jpeg\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n<p>Ser Suzuki Shillsalot has 8 years of experience working as a Senior Investigative journalist at The SpamBot Times. He completed a two-hour course in journalism from a popular YouTube video and was one of the few to give it a positive rating.<br \/>\nShillsalot&#8217;s writings mainly focus on shilling his favourite cryptos and trolling anyone who disagrees with him.<br \/>\nP.S &#8211; There is a slight possibility the profile pic is AI-generated. You see, this account is primarily used by our freelancer writers and they wish to remain anonymous.<br \/>\nWait, are they Satoshi? :\/<\/p>\n<\/p><\/div>\n<div itemprop=\"publisher\" itemscope itemtype=\"https:\/\/schema.org\/Organization\">\n<div itemprop=\"logo\" itemscope itemtype=\"https:\/\/schema.org\/ImageObject\">\n<p><img decoding=\"async\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/Menu-large-logo.png\" data-old-src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%200%200'%3E%3C\/svg%3E\" data-lazy-src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/Menu-large-logo.png\"><\/p>\n<p><meta itemprop=\"url\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/10\/Menu-large-logo.png\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<meta itemprop=\"name\" content=\"AMBCrypto\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/ambcrypto.com\/ethereum-on-verge-of-fud-coinbase-ceo-tweet-ruffles-feathers\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Suzuki Shillsalot<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase CEO\u2019s tweet sparked speculation on SEC\u2019s new crypto rulings. New regulations could impact the crypto industry and lead to problems. The crypto world has been buzzing for the last 24 hours, thanks to a tweet by Coinbase CEO Brian Armstrong. The speculation triggered by the tweet revolved around the potential impact of the SEC\u2019s<\/p>\n","protected":false},"author":1,"featured_media":606331,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25740,4101],"tags":[],"class_list":{"0":"post-606330","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ethereum","8":"category-verge"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/606330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=606330"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/606330\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/606331"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=606330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=606330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=606330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}