Bursa Malaysia derivatives named 'exchange of the year' for commodities and sustainability - cyptoranking.com

2024-05-04

Popular crypto exchanges(2023 Update) 2024-05-04
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David Lavecky: Australia has been relatively proactive in providing a regulatory framework for digital assets, including cryptocurrencies. The Australian Securities and Investments Commission (ASIC) and other regulatory bodies have issued guidelines that offer some clarity for businesses operating in the digital asset space. This stands in contrast to the more uncertain regulatory environment in the United States, where the SEC's heightened scrutiny has led some companies to seek more crypto-friendly jurisdictions. A recent social media post from Aztec seeking to promote the emulator’s value proposition, speculated that validated achievements could potentially unlock rewards, badges, or new game levels. Bursa Malaysia derivatives named 'exchange of the year' for commodities and sustainabilityChina Daily, an English-language newspaper owned by the Publicity Department of the Chinese Communist Party, wants to create its very own metaverse and nonfungible token (NFT) platform.According to a recent announcement, China Daily is awarding 2.813 million Chinese yuan ($390,000) to a third-party contractor that can design the NFT platform within its budget specifications. The contractor can be “either a Chinese or foreign” firm specializing in blockchain, China Daily wrote. In addition, the mainnet of the blockchain firm that wins the contract must be capable of handling upwards of 10,000 transactions per second.Contractors will have until Oct. 17 to submit their application and design the platform within three months’ time. The aim of the China Daily NFT Platform is to “improve the spread of the influence of the Chinese Civilization” through means such as the use of the “metaverse, virtual reality (VR), augmented reality (AR), mixed reality (AR), and Blockchain, irreplaceable digital assets (NFT), big data, cloud computing and other technologies.”Developers stated that the platform must allow “uploading, displaying, and managing digital collections and supports multimedia forms and multiple collection types.” Pricing, bidding and limited-time functions must also be integrated into the NFT platform alongside multi-currency settlement.“In addition to its own platform, based on the project goals and audience groups, domestic and overseas mainstream NFT platforms suitable for issuing digital collections will be selected to issue NFT digital collections. Foreign platforms include but are not limited to OpenSea, Rarible, SuperRare, Foundation, etc.”China has banned all forms of cryptocurrency transactions since 2021. Though some blockchain entities still operate in the country, they often face intense scrutiny from law enforcement officials.Magazine: China dev fined 3 yrs’ salary for VPN use, 10M e-CNY airdrop In modern-times hacks and data breaches are usual, and blockchain has proven, to this point, to be unhackable and immutable. Since the metaverse is entirely virtual, the platform needs high-end security from intruders.

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"This shift led not only to a sharp contraction in Yuga Labs' royalty income, but also to a fundamental reconfiguration of the NFT marketplace," Kay added. The Binance and OKX exchanges have restructured their crypto operations to comply with the UK Financial Conduct Authority’s (FCA) regulations. Can I add ethereum to MetaMask?Market Volatility: The prices of cryptocurrencies can be quite erratic. Market fluctuations might have an impact on the profitability of cloud mining contracts. Following the drop in LINK's price, today the institutions associated with these 81 wallets began accumulating tokens once again, adding another 575,632 LINK ($4.2 million) to their holdings. This institution has accumulated a total of 7.66 million LINK from Binance since September 19, equivalent to $56 million.

Blockchain data analytics platform Nansen’s CEO Alex Svanevik just outlined six themes that he thinks will play a role in the next “cycle” in the crypto market via a Tweet thread.Many analysts talk about macro themes such as potential easing of interest rates from the Fed and other major central banks, more certainty regarding crypto regulations, and increased institutional adoption as spot crypto ETFs gain approval as major drivers of the next bull run.But the themes Svanevik outlined were more nuanced and crypto sector-specific. Examine them one by one.Fintech Adoption Crypto as A BackendSvanevik noted that major fintech firms are increasingly moving towards using blockchain as their main backend.PayPal has already launched a stablecoin and Revolut is already letting its users stake ETH, he noted.Fintech firms are attracted to blockchains because of their potential to offer complete transparency, enhanced security, censorship resistance, fast and cheap transactions that offer zero cross border frictions.“Long-term, crypto replaces the backends for fintech,” Svanevik noted.Gambling And Betting Moving to BlockchainGambling and betting “just makes a lot more sense with a DeFi backend,” Svanevik noted, explaining that “instead of house taking a spread”, protocols can “live off the yields on capital”.Crypto casinos have been a huge success in 2023, with the likes of Rollbit seeing explosive user growth.Meanwhile, a new Telegram-based crypto Casino called TG.Casino is currently enjoying a highly successful presale, having last raised over $725,000 to power its new platform.Web3 can solve a number of problems that have plagued the traditional gambling industry by providing greater transparency, security and offering an avenue to gamble without having to give up custody of your funds.Real World Assets (RWAs)Svanevik predicts that real-world assets will increasingly move on-chain, particularly US government bonds or “t-bills”.Given they are yield-bearing, Svanevik hypothesized that on-chain t-bills will eventually eat up a substantial portion of the stablecoin supply.He noted he “would be surprised if @circle (and) @Tether_to don’t move here”.The total market cap of all USDT and USDC currently in issuance was last around $110 billion.Web3 GamingSvanevik admitted that he has been touting the potential of web3 gaming for some time, but noted that, “in the next 6 months, we’ll see games launch after 2+ years of building”.He noted he is backing Sipher Odyssey, MixMob and Axie Infinity.SocialFiGiven the recent growth of protocols such as friend.tech, Svanevik noted he expects SocialFi to be a major pillar of future crypto growth.Recent reports suggest that the development team behind friend.tech has amassed nearly $20 million in revenue since its launch in August.At its current pace, the platform is projected to generate an annualized revenue of $180 million.“It’ll take a few iterations (and forks), but I think this (SocialFi) is here to stay”, he noted.Physical NFTsSvanevik hailed Pudgy Penguins’ Luca Netz as “showing us the path to Walmart” for NFTs.Pudgy Toys are now available across 2,000 Walmarts in the USA.As per Walmart, “each toy has an official, scannable, redeemable code that unlocks digital penguin customization using different trait boxes”.“That way, you can obtain rare and epic traits and have a one-of-a-kind forever Pudgy Penguin registered to your name on the blockchain”.Coinbase Director Flags Alameda Research for Minting Nearly $40 Billion USDT in 2021 United States President Joe Biden recently announced the cancelation of a substantial $127 billion student debt burden for approximately 3.6 million citizens in the United States. Top 5 Cryptocurrencies To Look Out For In 2021“We're thrilled to be backing Proof of Play as they build an on-chain gaming future with composability, interoperability, and permanence at the core of gameplay, enabling players to truly own their assets and anyone to create a new game on top of another,” said Andreessen Horowitz’s Chris Dixon, in a release.Farmville co-creator-led company raises $33M to create Web3 games Indeed, similar offerings have come to market over the past year or so.

Send Funds Internationally – Fast processing and low transaction fees make stablecoins like USD coins a good choice for sending money anywhere in the world. “With this development, Buenos Aires becomes the first city in Latin America and one of the first in the world to integrate and promote this new technology,” he said. OpenLeverage: A new possibility of decentralized derivativesGlobal Implications: The decision of the case may have an impact on how regulators throughout the world view cryptocurrencies and digital assets. Other countries may model their regulations after the United States' regulatory framework. The allegations stemmed from activities conducted through cryptocurrency trading platforms FTX and Alameda Research, both of which saw a sharp downfall in November 2022.

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