Bitcoin ETF

Bitcoin

Million

ERC20

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-etf-controversy-heats-up-as-coinbase-ceo-speaks-out-raboo-eyes-2-5-million-presale/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin ETF Controversy Heats Up as Coinbase CEO Speaks Out; Raboo Eyes $2.5 Million Presale</a><br></p>
<p style="text-align: justify;">The ongoing debate surrounding Bitcoin ETFs seems not to be fading, but is slowly gaining more attention in the industry as the CEO of the exchange, Coinbase, speaks about the issue. On the other hand, one of the newest ERC20 coins known as <a href="https://rabootoken.com/?utm_source=marketing&amp;utm_campaign=BLKR&amp;utm_id=0109-3" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">Raboo</a> ($RABT), though still in its presale, has passed the $2.5 million milestone. Now, let’s discuss the details of these rather intriguing updates.</p>
<h2 style="text-align: justify;" id="coinbase-faces-backlash-over-cbbtc-and-blackrock-deal">Coinbase faces backlash over cbBTC and BlackRock deal</h2>
<p style="text-align: justify;">Justin Sun, founder of TRON, and crypto analyst Tyler Durden have criticized Coinbase for its recent moves in connection with the Bitcoin ETF. Sun targeted Coinbase’s new wrapped Bitcoin product, cbBTC, while Durden alleged that Coinbase is issuing IOUs for Bitcoin to BlackRock, which allows the firm to borrow Bitcoin without full ownership.</p>
<p style="text-align: justify;">Tyler Durden highlighted that Coinbase was the largest buyer and seller of Bitcoin during market fluctuations, raising concerns that BlackRock might exploit this to depress its prices. Meanwhile, Justin Sun criticized cbBTC for not having proper audits and for the risk of freezing users’ Bitcoin. He called it “trust me” Bitcoin and suggested that it could be taken by the U.S. government.</p>
<p style="text-align: justify;">Coinbase CEO Brian Armstrong defended the company by clarifying ETF operations and addressing cbBTC concerns. He explained that ETF transactions occur on the blockchain within one business day and that institutional clients, such as BlackRock, use specialized trading methods. Armstrong emphasized that Coinbase cannot disclose client addresses and reiterated that cbBTC is managed by a transparent centralized firm.</p>
<h2 style="text-align: justify;" id="experts-remain-optimistic-in-raboo-as-it-passes-2-5-million">Experts remain optimistic in Raboo as it passes $2.5 Million</h2>
<p style="text-align: justify;">Along with the ongoing Bitcoin ETF controversy, Raboo is believed to be causing a stir in the crypto landscape, with its ongoing presale. Due to increased demand for $RABT’s tokens, Raboo has passed $2.5 million raised from selling its token. Seeing this level of presale success, some experts now suggest Raboo as one of the best coins to invest in today.</p>
<p style="text-align: justify;">Interestingly, Raboo offers more than presale success. As a viral meme coin deeply rooted in vibrant meme culture, Raboo is poised to make a significant impact on the $62 billion meme market. To achieve this, Raboo relies on its innovative post-to-earn features, which allow users to create unique memes using generative AI and transform their creativity into tangible profits.</p>
<p style="text-align: justify;">Even better, the platform offers a groundbreaking zero-tax policy—a feature rarely found among even top crypto coins. With this policy, Raboo aims to increase profitability for investors while encouraging them to remain active participants in its thriving platform. Today, Raboo is priced at a low rate of $0.0057 per token; however, shortly after its launch, the ERC20 coins may likely skyrocket 100x, delivering substantial gains for presale investors.</p>
<h2 style="text-align: justify;" id="conclusion">Conclusion</h2>
<p style="text-align: justify;">The debate over the Bitcoin ETF and the emergence of Raboo indeed displays the uncertainties that overwhelms the cryptocurrency market. While Coinbase faces backlash over its new cbBTC product and its interactions with institutional clients such as BlackRock, the industry is yet to agree on what the implications would be for retail investors and on market integrity.</p>
<p style="text-align: justify;">At the same time, Raboo’s success in its ongoing presale due to its post-to-earn concept and no-tax policy simply showcases that it’s a promising opportunity, especially for anyone looking for one of the best coins to invest in today.</p>
<p style="text-align: center;"><a href="https://rabootoken.com/?utm_source=marketing&amp;utm_campaign=BLKR&amp;utm_id=0109-3" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">Presale</a> – <a href="https://t.me/RabootokenPortal" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">Telegram</a> – <a href="https://twitter.com/Raboo_Official" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">Twitter</a></p>
<div class="sorumluluk_reddi" style="text-align: justify;"><strong>Disclaimer:</strong> This article is a press release. COINTURK NEWS is not responsible for any damage or loss related to any product or service mentioned in this article. COINTURK NEWS recommends that readers carefully research the company mentioned in the article.
</div>
<p>The post <a href="https://en.coin-turk.com/bitcoin-etf-controversy-heats-up-as-coinbase-ceo-speaks-out-raboo-eyes-2-5-million-presale/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin ETF Controversy Heats Up as Coinbase CEO Speaks Out; Raboo Eyes $2.5 Million Presale</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Bitcoin ETF Controversy Heats Up as Coinbase CEO Speaks Out; Raboo Eyes $2.5 Million Presale

Table of Contents

COINTURK NEWS

Other articles published on Sep 26, 2024

Why Bitgert, POPCat, and Render Are Solid Buys for 2024

BitGo Announces USDS Stablecoin Amid WBTC Controversy

Bitcoin Surges Past $65,000 Mark

Marathon Digital Surges with AI Focus

U.S. Presidential Candidate Harris Unveils Economic Plan: Are Cryptocurrencies Included?

SEC Chair Gensler plugs changes to exchange definition that worries crypto

Join our free newsletter for daily crypto updates!