China opens derivatives market to global trade via Hong Kong - cyptoranking.com

2024-04-20

Popular crypto exchanges(2023 Update) 2024-04-20
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Although the difficulty is considerable, a modest 0.35% uptick may not deter miners over the next two weeks, and another increase could be on the horizon. The next change is anticipated to occur on or around October 17, 2023. “The bottom line for bitcoin at the start of 4Q may be that liquidity remains negative, with price implications,” McGlone posted. “Coming of age in a zero interest-rate world, the crypto hangover could be enduring as global rates continue to rise.”From novelty to nostalgia: New Liberty Standard’s crypto legacy China opens derivatives market to global trade via Hong KongThe excitement around her testimony was palpable in the press corps. Reporters began arriving at the Daniel P. Moynihan federal courthouse well before sunrise for a chance to see Ellison in person.Crypto Tax: Consensys Requests Two Critical Modifications to IRS “I realized very quickly that there were a number of projects that, while well-intentioned, either spread the team too thin or required execution expertise beyond our core competencies.”

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Polygon 2.0 is a network of ZK-based layer-2 chains, unified via a novel cross-chain coordination protocol. Polygon’s 2.0 scaling technology was unveiled in June 2023 as a plan for a scaling ecosystem consisting of four layers: staking, execution, interoperability, and proving. Each of these layers contributes to creating an interconnected ecosystem of chains that facilitate secure, fast, and extremely cost-effective transfers. The users on the blockchain can lock up their tokens for a predetermined time to become a validator. Validators can produce blocks and are selected based on the design of the blockchain. Users who own the most coins for longer or those who own the biggest stake are more likely to create a new block. Home-FoundationPolygon (MATIC) 12-hour price, USD. Source: TradingView In a recent tweet, crypto educator CryptoBusy explained how a US government shutdown will push investors toward Bitcoin “as a hedge against economic uncertainty.”

This news comes despite the price of Bitcoin, as measured in U.S. dollars, still being down by over 50% from its all-time high of around $69,000.Dollar-cost-averaging (DCA for short) is a strategy that consists of making regular purchases of an asset for a fixed dollar amount. The idea is that by spreading buy orders out over time, volatility can be mitigated. Some buys will execute at lower prices while others will be executed at higher prices. This method can be particularly appealing for an asset like Bitcoin, which has been known for its legendary volatility. And yet, many financial pundits in the space still cling to the notion of Bitcoin’s (BTC) entire existence and market cap of nearly $600 billion being based on a Ponzi scheme of some sort. Others continue to deny that saving in the hardest form of money ever known has, so far, been an excellent investment thesis — one that has outperformed all others.Yes, there may be risks. And yes, volatility definitely comes with the territory. But looking at such factors in a vacuum does not make for adequate analysis of any investment. The alternative strategies available must be taken into consideration, along with other variables such as:What is the current macro environment, and how might it change going forward? What impact might this have on different asset classes and their performance?What risk/reward ratio does one strategy offer in comparison to others?Can diversification lead to an optimized risk/return profile, or does YOLO’ing all-in provide better returns?These are just a few potential questions that could be worth investigating when it comes to arguments against dollar-cost averaging (DCAing) into BTC for the long term.Bitcoin outperforms traditional investmentsSome investors, like those at Adamant Research, have been pointing out the reality of Bitcoin’s most favorable risk/reward ratio for many years:“We assert that the long term risk reward ratio for Bitcoin is currently the most favorable of any liquid investment in the world. We expect for it to trade in a range of $3,000 to $6,500 after which we foresee the emergence of a new bull market.”The group made similar statements during the bear markets of 2015 and 2011 as well.Many traditional investments, like gold, real estate, or a portfolio consisting of 60% equities and 40% bonds, have significantly underperformed compared to DCA'ing into Bitcoin.The following chart illustrates the relative performance of several currencies and asset classes against BTC quite well:#Bitcoin - for the money you can't afford to lose.pic.twitter.com/j9iQ7iJVc7— Michael Saylor⚡️ (@saylor) July 7, 2023 It states that local authorities in Brazil lack the means to track its users: How to Sell Cryptocurrencies to Fiat Currency and Directly ...“Our community members who are avid Uplanders brought in…KABOOM!,” Wolf said, adding that some of those members participate in real world fundraisers for the playground manufacturer. Project Spartacus's website provides a public interface through which any person can “inscribe” –– Ordinals jargon for adding data to bitcoin –– a war log. There seem to be no fees associated with this action apart from network fees, a necessary component to any transaction submitted to the bitcoin network. The page also features a "donate" button, which opens up a panel through which users can optionally send bitcoin to Assange's cause. Donations are said to go towards supporting the following organizations: Freedom of the Press Foundation, The Information Rights Project and Reporters Without Borders.

A Monday filing revealed that Sam Bankman-Fried’s lawyers have approached the court to allow them to rely on FTX co-founder Gary Wang’s testimony in the ongoing trial to disprove claims that Bankman-Fried acted fraudulently. The lawyers want to use the evidence to counter money laundering charges against Bankman-Fried. The United States economy seems like it is refusing to be derailed. It added a staggering 336,000 jobs in September, defying most expectations. This achievement becomes all the more remarkable against the backdrop of soaring yields on longer-term Treasury bonds and surging mortgage rates.The message embedded in the job data is crystal clear: the world’s largest economy continues to charge forward, even in the face of aggressive monetary tightening. It’s a testament to the economy’s resilience, and suggests that higher interests are here to stay for an extended period. While this news could send shivers down some spines, particularly for those invested in stocks, it’s crucial to understand the bigger picture. Stocks may appear less enticing when you can secure a 6% return with a savings account, yet we may be reaching an inflection point with bonds. It has to get worse before it gets betterThe bond market has witnessed a historic rout, described by Bank of America Global Research as the “greatest bond bear market of all time.” But the analysis isn’t all doom and gloom — there are hints that the relentless sell off in U.S. Treasuries could come to an end. And if we do indeed see a recovery, it could signal the start of a new bull market for risk assets.Related: Bitcoin ETFs: A $600B tipping point for cryptoTurning to crypto, it’s crucial to recognize that short-term Bitcoin (BTC) price action remains somewhat linked to regulatory decisions, particularly those pertaining to a Bitcoin spot ETF. So far, all of the positive news surrounding spot ETFs has failed to move Bitcoin out of its holding pattern. A green light on this front could unleash substantial inflows into BTC, providing the much-awaited impetus for a resurgence. It would also be remiss not to mention the ongoing FTX saga, which is currently playing out in the courts and damaging crypto’s reputation.United States Federal Funds Effective Rate, 1955-2023. Source: Board of Governors of the Federal Reserve System.But here’s the twist — what may spell bad news for financial markets could be good for the broader economy. The Federal Reserve holds a pivotal role in shaping the path for risk assets, and it has just two more meetings before the end of the year. Should the Fed decide to suspend further rate hikes, it could act as a catalyst, triggering market anticipation of an impending rate cut. This anticipation could, in turn, set the stage for a massive risk-on rally across various asset classes, including cryptocurrencies.Festive revelry could set the tone for 2024The last three months of the year often introduce a heightened Santa rally. After the year we’ve had, it might soften the blow and pave the way for a more palatable 2024. History shows that the market tends to gather momentum during this festive season, with a surge in buying activity and positive sentiment among investors. Among these factors, regulatory decisions regarding spot ETFs and any potential pause in rate hikes, or even a shift in the Fed’s messaging concerning future hikes will be watched closely. So while the cheer from September’s jobs data tends to drive immediate headline moves in the market, it doesn’t necessarily steer the long-term thinking of the Fed.Related: Sky-high interest rates are exactly what the crypto market needsLooking ahead into 2024, we are faced with the prospect of a BTC “halvening” in April, historically a positive event for crypto. However, the broader macroeconomic conditions have signalled some signs of instability. Bitcoin’s ongoing correlation with stock markets adds an extra layer of complexity to the equation. The outcome hinges on the messaging from the Fed — and decisions made by the Securities and Exchange Commission (SEC) regarding spot ETFs. If the macroeconomic backdrop remains uncertain, the Fed may pivot toward rate cuts, potentially altering the trajectory of both traditional and digital asset markets. With hints of a bond market recovery and the prospect of regulatory clarity in the crypto space, we could see brighter days ahead. As we approach the festive season, the potential for a Santa rally rekindles the type of hope and momentum that ignites the crypto market. While some challenges may loom, history teaches us that sometimes, it gets worse before it gets better.Lucas Kiely is chief investment officer of Yield App, where he oversees investment portfolio allocations and leads the expansion of a diversified investment product range. He was previously the chief investment officer at Diginex Asset Management, and a senior trader and managing director at Credit Suisse in Hong Kong, where he managed QIS and Structured Derivatives trading. He was also the head of exotic derivatives at UBS in Australia.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. Best Crypto Exchange Canada 2022-5 Lowest Fee...Source: TradingViewThe XRP price has gained strongly today, rising by as much as 6% after the SEC was denied its motion for an interlocutory appeal in its high-profile case with Ripple.The coin has settled (for now) at a price of $0.533736, representing a 4.5% gain in 24 hours and a 6% jump in a week and a month, with the token also having risen by 57% since the beginning of the year.Such increases put it in a good position to make further gains in the coming weeks, with the recent recovery enjoyed by the market at the start of the week potentially being the beginning of more positive conditions.XRP Price Prediction as XRP Spikes Up 6% Suddenly – $1 Incoming?XRP's chart and indicators reflect its strength today, with its RSI (purple) rising to 60 in the past few houurs, indicating growing momentum but also leaving space for further gains.Source: TradingViewEncouragingly, XRP's 30-day moving average (yellow) has stopped sliding and looks as though it could begin rising above its 200-day average (blue), a move which would indicate a possible breakout.It's also positive to observe that the coin's support level (green) has held tightly even after Monday's market-wide rally fizzled out, with its long-term support of around $0.50 likely to hold for the near and more distant future.As noted above, XRP has rallied for one simple reason: Judge Analisa Torres has denied the SEC's motion for an interlocutory appeal against her ruling from July in its case against Ripple.The request for an appeal took issue with Torres' earlier ruling that programmatic sales of XRP on exchanges did not amount to sales of securities.However, Torres has firmly stood by her earlier ruling, meaning that the SEC could be forced to drop its objections to the ruling entirely.This is clearly a big win for Ripple and for XRP, which is perhaps now in a position to resuscitate the momentum it quickly accumulated in July, when the ruling's appearance enabled it to climb above $0.80.The motion's denial also potentially makes it easier for Ripple itself to resume expanding its business, with the company already having opened a couple of important new partnerships in the weeks following the July decision.Another interesting piece of possibly pro-XRP news is the fact that Representative Patrick McHenry of North Carolina has become the House Speaker on pro tempore basis, possibly paving the way for favorable cryptocurrency legislation in Congress.As such, XRP could return to $0.60 in the next few weeks, before potentially reaching $0.70 or $0.80 by the close of the year.New High-Potential AltcoinsWhile XRP does look good at the moment, it isn't the only promising altcoin in the market, with a range of presale tokens also offering the possibility of above-average gains.One of the newest such coins in the market is Meme Kombat (MK), a new gaming platform that will enable users to bet against each other on the outcome of AI-generated battles between memes.Opened a couple of weeks ago, Meme Kombat's presale has impressively raised over $250,000, providing a foretaste of its ability to attract supporters and investors going forwards. It's likely that its current investors have been attracted by its novel features, which will enable users to win rewards (in the form of MK tokens) if they correctly predict the outcomes of meme-versus-meme battles.Given that 2023 has been a year that has seen strong meme-led market rallies, now is a good time to be launching a meme-related gaming platform.What's also interesting about Meme Kombat is that it will have a hard cap of 12 million MK, meaning that it's likely to be deflationary over time.Its presale has been allocated 50% of its overall supply, with another 30% going towards battle and staking rewards.The ability to stake MK will provide another source of income for holders, who may also reap strong profits if they sit on the token for long enough.The coin will cost $1.667 for its entire sale, which investors can join by visiting the official Meme Kombat website and connecting their software wallets.Visit Meme Kombat NowDisclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.Pepe Price Prediction as PEPE Falls Along with the Wider Crypto Market – Are Whales Manipulating Prices? It allows UBS Asset Management to perform various functions, such as processing fund subscriptions and redemptions.

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