South African Crypto Exchanges Part Ways with FirstRand ... - cyptoranking.com

2024-05-09

Popular crypto exchanges(2023 Update) 2024-05-09
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Shibarium Goes Live: Q3, 2023, was marked by the launch of Shibarium, Shiba Inu's layer-2 blockchain, on August 17. Shibarium, operating as an Ethereum layer-2 network, employs SHIB tokens as fees. Zach noted that negligence in this case is very different to stealing the money from one’s own project. “[As far as I know] Sisyphus was the only team member speaking with the [Department of Homeland Security].” South African Crypto Exchanges Part Ways with FirstRand ...You don’t want to miss out on this gripping glimpse into the high-speed world of Torque Drift 2! ByBit, an unregistered business, recently said it would stop serving U.K. customers as of October 8 in preparation for the new regulations. Some U.K. customers of Luno, which is likewise not registered with the FCA, have had their ability to invest in cryptocurrencies restricted. The Digital Currency Group also owns CoinDesk and Luno.Bybit isn't the only crypto company pulling out of the UK because of the new regulations. Last month, the payment processing giant PayPal said it will temporarily suspend its cryptocurrency services in the nation until 2024. Digital Currency Group, which operates the cryptocurrency exchange Luno, also announced that it would restrict the trading activities of certain of its U.K. customers.

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Bitcoin (BTC) Price Nears $30,000 Following Positive Non-Farm Payroll Report Top two ether futures ETFs listed last week register dismal volumes, per Kaiko. Market Analysis Jun 12th 2023: Crypto market hit by SEC ...Fifth, Svanevik highlights social tokenization fueling projects like Friend.tech as user-owned networks leverage blockchain incentives. He sees account abstraction and L2s expanding the accessibility of decentralized social apps. ETH Chart / Source: AdobeCrypto asset management giant Grayscale just filed paperwork with the US Securities and Exchange Commission (SEC) to create a new Ether (ETH) Futures Exchange Traded Fund (ETF), as per a report by the Wall Street Journal.Grayscale filed for the ETF under the Securities Act of 1933, having also previously filed for an Ether Futures ETF under the Investment Company Act of 1940.While comparable Bitcoin Futures ETF have been approved by the SEC under both acts, most ETFs are filed under the 1940 act.Reports in the crypto press back in late August suggested there is a strong possibility that the SEC will approve a number of Ether Futures ETFs as soon as October.That news made the price of Ether surge at the time amid front-running from traders, because a wider availability of Ether Futures ETFs could indirectly increase demand for the cryptocurrency, assuming institutional investors start buying up Ether Futures ETFs once they go live.Ether was last changing hands around $1,640, just to the north of its 21DMA.Price Prediction - Where Next for Ether (ETH)?The fact that Ether looks set to close above its 21DMA following a fairly convincing break above the level in the past two days is a positive for the cryptocurrency’s near-term price outlook.The 21DMA had previously been acting as an area of strong resistance for the past more than two-months.A break above this level sets the stage for a potential rally to the 50DMA just above $1,700 and even the late August highs around $1,740.Assuming ETH can close above its 21DMA, near-term price predictions are likely to turn modestly more bullish.But traders should keep an eye on upcoming macro risk events, such as Wednesday’s rate decision and monetary policy announcement from the US Federal Reserve.The central bank isn’t expected to change interest rates, but is expected to signal that more rate hikes remain possible, as well as release a new summary interest rate projections from its policymakers plus new economic forecasts.That could impact ETH, depending on how the US bond market and US dollar react – a dovish meeting (where expectations as to how high interest rates will go/remain fall) would weigh on the yields and US dollar, likely boosting ETH, and vice versa.Ether traders may also remain reluctant to enter big positions in the cryptocurrency as they remain in wait-and-see mode ahead of October’s expected Futures ETF decisions from the SEC.Ether (ETH) Alternative to ConsiderOne problem with an Ether Futures ETF is that its buyers won’t be set to benefit from the solid yield they can generate from Ether staking.To benefit from Ether staking yields, which are normally in the region of 4%, investors would do better to buy the actual ETH token and set up a staking node, or buy a ETH liquid staking derivative such as stETH.Investors interested in a riskier cryptocurrency with a much better staking yield should check out a newly launched token called Bitcoin BSC (BTCBSC).Bitcoin BSC is a BEP-20 token issued on the Binance Smart Chain but with pretty much the exact same tokenomics of Bitcoin, although Bitcoin BSC winds the clock back to 2011, when Bitcoin traded at $1 per token.Indeed, Bitcoin BSC tokens are currently being sold in presale for $1 each, with over $2 million already raised.Bitcoin BSC holds various advantages over Bitcoin – it is greener thanks to the Binance Smart Chain’s lower energy consumption and is more readily available for use in the Binance Smart Chain’s growing Decentralized Finance ecosystem.Moreover, Bitcoin BSC holders can stake their tokens to benefit from BTCBSC issuance according to the same schedule that Bitcoin was on back in 2011.That means BTCBSC holders could be looking at double or even triple digit annual yields if they stake their tokens.A similar project BTC20 – the exact same concept but issued as an ERC-20 token on Ethereum – was able to quickly sell out a blockbuster $6 million presale and then post gains of as much as 6x, while BTC20 is still trading above its presale price of $1.Bitcoin BSC is thus an opportunity for those who missed BTC20 to get in early.Bitcoin BSC could do even better than BTC20 given the Binance Smart Chain’s faster transaction speeds and lower fees, making for a better trading and DeFi experience.Investors need to move quickly, as the token’s hard cap raise target of just under $4 million will likely soon be reached.Buy Bitcoin BSC HereDisclaimer: 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.Peter Thiel-Backed Founders Fund Invests in Layer N's Ethereum Scaling Tech

“When you think about the next leg of innovation in DeFi, derivatives come to mind for me. And these are not really retail products. These are products for sophisticated users of financial tools.” While the fate and timeline around US spot bitcoin ETFs remains opaque, the Securities and Exchange Commission appears to have given its blessing to ether futures funds. DOGE surges as Twitter collaborates with eToro: What's the connection?The Satlantis founder stood behind the play-to-earn model and expressed his annoyance with the situation, stating: “All mining operations and services are only possible after obtaining a permitting document and license in the prescribed manner,” the NAPP wrote, adding:

Dogecoin (DOGE) is arguably one of the biggest casualties of the latest bearish market drawdown. Despite the current recovery that is underway, Dogecoin is still priced at $0.05887, down by 0.17% in the past 24 hours. It is worth noting that the meme coin has a massive drawdown, with its price down as low as 5% earlier in the trading day. A questionable correlation? Caged Beasts Coin Referral Scheme vs Staking Solana and PolygonVolatility is your friend At its core, Morpho Blue aims to reinvent the way in which decentralized lending is structured, stripping out the reliance on DAO participants to manage the parameters around which assets are handled and introduces a more simple alternative based on what it describes as permission-less risk management.

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