What is Bitcoin derivatives? - cyptoranking.com

2024-05-09

Popular crypto exchanges(2023 Update) 2024-05-09
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In 2021, during the COVID-19 lockdown, the U.S. government provided support to individuals and businesses through a $1.9 trillion package. This boosted the crypto market with a growth in investment, resulting in a trillion-dollar market cap and Bitcoin hitting an all-time high of around $65,000. Invesco and Galaxy Pursue Spot Ether ETF Application What is Bitcoin derivatives?Source / Sam CoolingThe Open Network's native Toncoin (TON) has bounced-up +5% after localised retracement from upper trendline resistance, but is it too late to buy Toncoin?Retracement has swept the Toncoin chart following rejection from upper trendline resistance - this comes following a dramatic upside pump triggered by the news that Telegram integrated TON wallet.TON holders are speculating a break-out move here could unlock skyrocketing price action, with eagle-eyed traders highlighting the huge amount of liquidity at higher price levels.TON Price Analysis: Is it too Late to Buy Toncoin?Despite the recent downside, Toncoin is currently trading high in the channel at a market price of $2.14 (Representing a 24-hour change of +4.21%).Loss of support from the 20DMA on September 30 has seen TON fall to the $2.00 price level, and a well-defended consolidation here has primed price action for the ongoing bounce.TradingView / TON USDTTON is still technically strong here, with reliable lower support to be found from the 200DMA at $1.75.The 20DMA (sat at $2.24) will form the first key area of resistance for the current upside move.Toncoin's RSI is showing minor bearish divergence, with an oversold signal at 53.83.While the MACD indicator reinforces this view with a -0.0383 reading suggesting stalling momentum.Overall, TON is fragile here - with the upside move targeting a reclamation of the 20DMA, against bearish indicators - possibly hinting at a further retracement.TradingView / TON USDTThis leaves TON with an upside target at $2.25 (a potential +5.34%).While downside risk could see TON fall to $1.78 (a possible -16.6%).This leaves Toncoin with a risk: reward ratio of 0.32 - a bad entry, overwhelmed buy downside risk.Meet TG Casino: Fastest Growing GambleFi Crypto Presale Hits $475kSource / TG CasinoAs Telegram trading bots and GambleFi dominate September's narratives, the TG.Casino ($TGC) presale is gaining significant attention - racing to $421k raised in just days, here’s why it should be on your radar.TG.Casino isn't just another quick Telegram bot pump-and-dump it's an intricately crafted ecosystem that marries the thrill of the casino world with the decentralized edge of blockchain.By being a fully licensed casino that integrates seamlessly into Telegram, which boasts over 700 million users, the reach and potential are undeniable.The ease of use, amplified by a no-KYC protocol, makes it an alluring proposition for both novices and crypto veterans with easy onboarding ensuring a seamless road to new user growth.With a range of offerings, from thousands of live casino games, slot machines, and table games to an expansive sportsbook, ensures an immersive experience.And for those keen on kick-starting their journey, the 150% matched deposit bonus on the first deposit plus 500 free spins is the cherry on top.From a security standpoint, users can rest easy - all data and funds are encrypted, ensuring robust protection against potential threats.While the $TGC token not only facilitates instant transactions but also serves as the beating heart of this dynamic ecosystem.The TG Casino Presale: Hype and BeyondSource / TG CasinoThe presale is where things get even more intriguing as the offered staking APY is nothing short of spectacular, standing proudly at 3,446%.Given that over a million tokens have been staked within a day of the presale launch, the momentum is palpable.And a well-conceived buyback mechanism ensures price stability and regular rewards, a win-win for the community.The $TGC token's utility is another aspect to spotlight - beyond its primary function in the casino world, its adaptability – be it swapped for gaming credits or other cryptos – adds layers to its potential growth.Its role in transactions, from deposits to withdrawals, signifies its pivotal role in the TG.Casino framework.How to Buy TG Casino Early?Step 1 – Go over to their official websiteThe first thing you want to get correctly is going over to their official website.Step 2 – Create a Crypto WalletYou need to set up a crypto wallet, and it's important to chose a wallet that supports ERC-20 tokens as this is TGC Standards.Step 3 – Purchase ETH or USDTNext is to purchase some Ethereum (ETH) or Tether (USDT), as these are the tokens used to exchange into TGC.Step 4 – Connect Wallet to Presale DashboardGo to TG.Casino’s website and click on the ‘Connect Wallet’ button. A pop-up box will appear, in which investors can choose their wallet provider and link their wallet to the presale dashboard.Step 5 – Buy TG.Casino TokenInvestors will see an order box on-screen where they can either select ETH or USDT (or buy on BSC) to use for the exchange. Investors also need to decide the amount of $TGC coin you want to buy; the minimum investment is 1,000 $TGC. After making sure that everything is accurate, confirm the trade.Step 6 – Claim TG.Casino TokenOnce TG.Casino's presale has ended, there will be a Token Generation Event (TGE), where investors can claim their purchased tokens by clicking the 'Claim' button on TG.Casino's homepage. That's all for how to buy TG.Casino.TG Casino's Unrivalled Tokenomics Could Trigger Biggest GambleFi MoonshotSource / TG CasinoTo wrap it up, TG.Casino ($TGC) presale is not just an opportunity; it's a front-row ticket to the future of Telegram GambleFi.With tokenomics supply - fairly distributed across the presale, liquidity pools, staking rewards, and player rewards - and the additional bolster of TG Casino's jaw-dropping 3,446% APY - this project is positioned to become a huge name in the GambleFi vertical.Its blend of a comprehensive ecosystem, enticing financial benefits, and user-centric approach make it a tantalizing prospect. But as always, arm yourself with research, and here’s to successful ventures ahead!Dive into the TG.Casino Presale Now.Buy $TGC 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.Is GALA Going to Zero? GALA Price Suddenly Drops 8% With $500 Million Volume as New Meme Coin Raises $300,000 Roelof Botha is stepping into the Chairman role at Unity.

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Source: YouTube/UBSLeading Swiss asset management bank UBS has announced the debut of its first live pilot of a tokenized Variable Capital Company (VCC) fund on the Ethereum blockchain in Singapore. In the published press release, the company stated that the money market fund is part of a wider VCC umbrella built to integrate various real-world assets into the blockchain. The UBS pilot is part of Project Guardian, a collaborative industry initiative to tokenize real-world assets. It is controlled by the Monetary Authority of Singapore (MAS), the city-state's central bank and financial watchdog.The VCC fund represents a legal entity for investment funds in Singapore, initially introduced in January 2020 to solidify the city-state's position as a hub for fund management operations. Thomas Kaegi, the Head of UBS Asset Management for Singapore and Southeast Asia, highlighted that the launch of the live VCC marks a significant milestone in the exploration of fund tokenization.He also expressed the firm's commitment to partnering with traditional financial institutions and fintech providers to enhance market accessibility for investors.These collaborations will contribute to gaining insights into improving market liquidity for their clients.According to the public announcement, the asset management bank rolled out the controlled pilot of the tokenized money market fund through its in-house tokenization service dubbed 'UBS Tokenize.' Through smart contracts deployed on the Ethereum public blockchain, the live pilot enables the firm to process various activities such as subscriptions and redemptions. UBS's Entry Into the Tokenization Space May Propel More GrowthFollowing the successful rollout of UBS's first pilot transactions, the asset management firm intends to expand its offerings under Project Guardian and engage in partnerships involving various investment strategies.However, the firm has already made significant strides toward exploring potential decentralized finance (DeFi) use cases through tokenization services. On November 3, UBS launched the world's first digital bond to be traded on public markets. This was followed closely by an issued $50 million tokenized fixed rate note in December.On June 9, the UBS Tokenize platform was used in Hong Kong to issue digital structured notes by the Bank of China Investment (BOCI), which amounted to CNH 200 million ($27.3M). These tokenized notes were created and deployed on the Ethereum blockchain. Although relatively new, UBS tokenized service and VCC fund can reshape the digital asset landscape and the broader financial system in the coming years.Grayscale Pursues Ethereum Spot ETF Amid ETH Futures ETF Boom — CZ Binance (@cz_binance) October 9, 2023 Where to Buy Ethereum-Beginner's GuideThe study, which examined different kinds of inclusion (financial inclusion, digital inclusion, and accessibility), found that many of the challenges that impact the accessibility to payment methods were not “normally considered within the purview of central bankers” and require public investment on a series of policy initiatives. What Is a Central Bank Digital Currency (CBDC)?

For SHIB, the important support levels that investors trading in the futures market should pay attention to on the four-hour chart are as follows: $0.00000686 / $0.00000675 and $0.00000659. Especially, if a four-hour closing occurs below the $0.00000675 level, it may lead to the loss of the support line and an acceleration in the decline. In a recent exchange on the social media platform X, previously known as Twitter, we saw two influential figures weigh in on a contentious topic. The debate was sparked by a statement from the SEC in the Coinbase case, asserting that "crypto has 'no innate or inherent value.'" Does Brazil have Bitcoin ATM?“Zero-knowledge technology roots its security in mathematics, whereas confidential computing relies on specific security features of hardware,” Fan said, adding that he believes confidential computing is “much more efficient” than zk proofs. Axie Infinity’s Dramatic 87% Decline in Average Monthly Users

Lewis crypto leaders shadowy super-coders fails to emphasize this crucial distinction, even as lawmakers worldwide recognize its significance. Instead, he presents a somewhat sympathetic image of SBF as an eccentric character, attributing his behavior to neurodiversity, youth, and a sleep disorder. “The dispute game is indeed permissionless so that there can be multiple clients and multiple fault proofs that are all running in parallel,” Floersch said. “This does not mean that the system is bulletproof at the moment; we’re launching this testnet to get a bunch of eyes on the design. It is critical we get the community to understand how it works.” Which crypto grows fast?The trailer goes on to nod to the cultural phenomenon that was to come just a few years later: the conferences, celebrity adoption, spinoff projects and auction house intrigue that comprised the rise of CryptoPunks. Source: PexelsDespite a turbulent close to 2022, the South Korean cryptocurrency market appeared to have picked up momentum in 2023. According to a Korean Financial Intelligence Unit (KOFIU) report, the South Korean crypto market surged 46% to attain a valuation of 28.4 trillion won (about $21.08 billion) between January and June 2023. This follows a dismal 2022, which saw the market valuation dip to 19.4 trillion won.Despite this upswing, the anti-money laundering agency (KOFIU) argued that crypto investments have not yet reclaimed the highs of 2021. According to its press release, the performance of the first half of 2023 is significantly lower as the nascent industry closed at 55.4 trillion won (about $40.9 billion) at the height of the crypto boom. This figure indicates that the uptick of the first half of 2023 is still down by 48.5% compared to its 2021 close.Shedding light on how it garnered its result, KOFIU stated that it carried out its survey on 26 highly liquid cryptocurrency exchanges and investment firms. The unit also pulled their data from nine crypto wallet and custody providers, bringing the total to 35 crypto-facing businesses. There was also a stated increase in the number of listed assets. According to the financial intelligence arm, cryptocurrency listings increased from 1,362 in 2022 to 1,399 in the first months of this year. Further insights emerged from their findings. KOFIU reported that the average daily trading volume from January to June 2023 was approximately 2.9 trillion won (about $2.19 billion). This represents a 1.3% decrease from 2.94 trillion won (about $2.21 billion) in the final quarter of 2022. Moreover, cryptocurrency investors fell from 6.27 million in 2022 to 6.06 million traders in 2023. This drop represents a 3% decline in investor participation in the decentralized economy. Crypto Firms Facing Tough Times2022 was a trying period for crypto-facing businesses after a meteoric rise in 2021. The nascent industry got hit with major macroeconomic events and industry-related issues. The first was the Terra blockchain collapse, which wiped off over half a trillion dollars from the $2.92 trillion strong market. Rounding the year with even more unpleasantness, the FTX exchange crumbled, and its founder and CEO, Sam Bankman-Fried, was charged with fraud-related crimes by the US authorities. These issues have dampened confidence in the crypto market, and trading firms have been negatively impacted.According to KOFIU, about 10 surveyed crypto trading firms struggled to maintain operations due to a sharp decline in volumes traded and transaction fees earned. The strong crypto winter also saw crypto fundraises drop to $2.1 billion a quarter for most cryptocurrency exchanges.Nonetheless, a sliver of hope remains as the total operating profit shot up by 82% from its 2022 close. Bitcoin Ordinals Marketplace Ordswap Hit With Phishing Attack

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