Press "Enter" to skip to content

Ethereum {ETH} Foundation teams up with UNICEF; SEC’s deadline for ETFs inch closer


The United Nations Children’s Fund decided to move forward with a blockchain-based funding system in order to aid the development of kids and youngsters scattered across the globe. Considering the fact that UNICEF is affiliated with the UN, this is a milestone for both Bitcoin and Ethereum [donations in the form of BTC and ETH are accepted for now].

Henrietta Fore is the Executive Director of UNICEF who has endorsed this initiative. According to her, digital currencies have the potential to transform the world for the better. Approximately 100 Ethers went forwarded to this newly-established fund by the Ethereum Foundation.

Bitcoin ETF [Exchange-traded funds] may soon be awarded the green light. The deadline for the United Securities and Exchange Commission is on October 13th, 2019.

Matt Hougan is the Global Head of Research as well as the Director at Bitwise Asset Management. According to Matt, approval is only a few days away, and the SEC have exhausted their options of postponing deadlines. The Commission must provide a proper answer soon.

Hogan holds the opinion that investors from all walks of life will be benefitted if ETFs are green-lit this month. Opportunities will increase. The CEO of Bitwise also bore a similar outlook on this topic.

Ethereum is ranked at #2 beneath Bitcoin in the market. In the course of the past 24-hours, the price grew at a rate of 0.73% which led to ETH reaching all the way up to $183.17 where it currently holds. The trading volume recorded stands at roughly $6.993 billion, whereas the supply has 108,072,872 ETH coins in play as of this moment. The total market cap of Ethereum amounts to $19.795 billion.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.