Search results for "PBTC"
03:05
January 2024 Bitcoin Spot ETF: New players have just joined the game In the midst of the ongoing spot Bitcoin ETF boom, Pando has joined the race with the aim of capturing the opportunities that may arise after the US SEC may approve BTC spot ETFs. The investment firm officially filed a spot BTC ETF filing with the U.S. Securities and Exchange Commission (SEC) on November 29. The news of the delay in filing documents came as a surprise to the crypto space, as the final date for the US Securities and Exchange Commission's (SEC) decision on the approval of spot Bitcoin ETFs is approaching. In the filing, Pando Asset provided a detailed overview of its spot BTC ETF (PBTC), highlighting its purpose, product, net asset value, regulatory compliance, tax considerations, and other factors. "The trust was established on November 16, 2023 as a Delaware statutory trust. The purpose of the trust is to transfer the bitcoins owned to the trust in exchange for the shares issued by the trust. Each share represents a small undivided beneficial interest in the net assets of the trust. The trust's assets consist primarily of bitcoins held by bitcoin custodians on behalf of the trust. ” Pando's BTC spot ETF brings the total number of submitted spot Bitcoin ETFs in the crypto space to 13. The crypto space is currently awaiting the approval of these ETFs, as many crypto experts predict that the debut of Bitcoin spot ETFs could lead to massive inflows of BTC, triggering a bull run. While the crypto community is awaiting the final ruling of the US SEC on the approval of spot Bitcoin ETFs, analyst James Seyffart predicts that the approval outcome of BTC spot ETFs will be favorable. Spot Bitcoin ETFs are likely to be approved by January 10, 2024. His prediction is also supported by another ETF expert, senior analyst Eric Balchunas, who believes that there is a 90% chance that a spot bitcoin ETF will be approved. "People asked me if I had changed the odds. No, we still insist on a 90% chance of getting approved by January 10th (aka this cycle), which is the same probability that we've been months (before it gets cool/safe). What we're looking at now is: more revisions/final documents coming soon, and clarity in physical vs. cash creation," said Baljunas. (Source: Scott Matherson)
PANDO0.74%
BTC-1.56%
17:56
PANews reported on August 3 that the security team Decurity discovered that the Curve pbtc-sbtc-f liquidity pool uses ERC-777 Callback, which may pose a risk of reentrancy attacks. Decurity also noted that white-hat attacker c0ffeebabe.eth has exploited this vulnerability to conduct a $1,900 attack. The Curve official team later acknowledged the breach, saying it was the old pBTC pool, which had been deprecated, but still had a small amount of funds remaining in it. This is all due to the same vulnerability in the ERC-777 design.
15:54
Odaily Planet Daily News Today, the security team Decurity discovered another security loophole in the Curve platform. Curve uses ERC-777 Callback in smart contracts in some token markets, and this usage has security risks and may be attacked by re-entry. Decurity also notes that a MEV bot has exploited this vulnerability to conduct a $1,900 attack. Curve officially responded that the issue is a historical issue. The attack occurred on the long-deprecated pBTC pool, but a small amount of funds remained in the contract. It is unclear whether other pools of funds have similar security risks.
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