What will crypto be in 20 years? - cyptoranking.com

From Wikinews, the free news source you can write!
Jump to navigation Jump to search

2024-05-10

Popular crypto exchanges(2023 Update) 2024-05-10
Image: cyptoranking.com

Yield Protocol’s closure, announced Tuesday, represents the latest casualty of a bear market that has seen multiple former high-flyers shutter their projects. Earlier, Bankman-Fried's defense attorney had asked Wang, “Do you know the difference between solvency and liquidity?” Wang responded that he did. What will crypto be in 20 years?The new Polygon USDC token address reflects a current market capitalization of some 4.3 million USDC on the scaling protocol. Source: Polygonscan Since its launch, users have been flocking to the Base ecosystem. SocialFi projects such as Friend.Tech has acted as a catalyst to increase the on-chain activity of the network. On Aug.11, Coinbase’s Base Network recorded over 136,000 daily active users.

Exchange Rankings Crypto
Image: cyptoranking.com

Can gold provide any clues? From a technical standpoint, Ethereum has marked important price levels to watch. Strong support lies at $1,498.81, with resistance hovering around the $1,666.23 mark. While the token has impressed with a 22% growth over the past year, outperforming 84% of the top 100 crypto assets, its recent performance raises eyebrows. Out of the last 30 days, only 16 have been in the green, at 53%, and is currently trading at $1,589. 5 Ways To Cash Out Your Crypto and BitcoinWhy do I love these markets right now when yields are screaming higher? Bank models have no concept of a bear steepener occurring. Take a look at the top right quadrant of historical interest rate regimes.It's basically empty. pic.twitter.com/P6MQnCU73N The PBOC introduced this feature at the 19th Asian Games, held from September 23 to October 8 in Hangzhou, Zhejiang. According to local reports, different delegations of athletes used the system under the guidance of assistants at the Asian Games Village, where the athletes were hosted during the event.

Instead, it would appear that more often than not, it’s usually the death cross that precedes a short-lived bear market that tends to offer any valuable alpha, according to some. Source: MoonPayCrypto payments infrastructure firm MoonPay has unveiled a new feature in its app that enables users to swap one cryptocurrency for another. "Introducing Swaps! Unlock the value from the assets you already own by swapping over 1,500 trading pairs," the company said in a recent post on X (formerly Twitter).The new feature expands the functionality of MoonPay's retail-facing crypto app, which was launched in May and initially allowed users to purchase cryptocurrencies and manage multiple wallets within the app.MoonPay claimed that the swapping feature has been optimized to enhance efficiency.Instead of relying on smart contracts, which can be costly due to their complex operations, MoonPay executes the swaps through two sends: one for receiving the deposit and another for sending the quoted amount. This approach reduces the gas required for the swap, making the process more streamlined and cost-effective, as explained by Ivan Soto-Wright, co-founder and CEO of MoonPay.With a claimed customer base of 16 million users worldwide, MoonPay has been expanding its business beyond its core payments infrastructure model. Alongside the app and non-fungible tokens (NFTs), MoonPay launched a venture capital unit in August, aimed at investing in early-stage web3 and fintech startups. Additionally, MoonPay made its first acquisition earlier this year, acquiring the web3 creative agency Nightshift to assist brands in offering web3 features.MoonPay Gathered Attention After Raising $555 MillionThe company garnered significant attention and investor support in late 2021 when it raised $555 million in a Series A funding round led by Tiger Global Management and Coatue, resulting in a valuation of $3.4 billion. Reportedly, as part of this funding round, Soto-Wright and other MoonPay executives cashed out $150 million by selling their shares. Shortly after the funding announcement, Soto-Wright acquired a $38 million mansion in Miami.However, MoonPay has faced legal challenges in the past. In December 2022, the company was hit with a class action lawsuit alleging its involvement in a conspiracy with Bored Ape NFTs creator Yuga Labs and several celebrities to artificially inflate the value of NFTs. Additionally, in June 2023, it was claimed that MoonPay gifted valuable Bored Apes NFTs to celebrities as a promotional strategy. MoonPay denied the allegations of providing celebrities with free Bored Apes but did not provide further details.MoonPay's new addition comes as payment giants continue to expand their suite of crypto products and services. Back in August, PayPal announced that it is rolling out its PYUSD stablecoin soon. The dollar-pegged asset is issued by Paxos, a blockchain infrastructure firm that used to issue Binance USD (BUSD) stablecoin.Last month, Coinbase also received regulatory approval to offer perpetual futures trading services to retail customers outside the United States. Hamas Received $41 Million in Crypto in Lead Up to Attack on Israel 5 Best Trading Platforms and Stockbrokers 2023Meanwhile, the behavior analytics platform for cryptocurrencies, Santiment, which sources on-chain, social and development information, shows that Ethereum fees are at their lowest levels of 2023 after a steady multi-month slump. Meanwhile, social dominance, showing the number of mentions on crypto-related social media, has hit a seven-month high. Disclaimer: Sally Ho’s Technical Analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.Bitcoin Flashing Signs of Returning Strength Amid Tumultuous Macro Backdrop, Says Lead Glassnode Analyst

Crypto and web3 communities in Israel said Monday they have established Crypto Aid Israel, to raise funds for Israeli citizens who have been displaced and in need of humanitarian aid due to the outbreak of war with Hamas. Related: Crypto adoption in Cyprus beefed up by Bybit license approval Is it Possible to start a Crypto Exchange like Binance with ...The Powerpool (CVP) protocol is a governance-facing protocol that has seen similar trends to Holo (HOT) above. Just like Holo, there has been accumulation among whales holding $100,000 to $1 million. “High Active Addresses, Network Growth, $100K-$1M Whale Accumulation, Age Destroyed (Consumed),” the analyst writes. After you have gained or honed your skill in a certain area and have begun to network, it is important to develop your brand, regardless of whether this has been done in the physical or digital world. Your own individualized brand.


Sister links

Sources

Bookmark-new.svg