Everything You Need to Know About Binance Convert - cyptoranking.com

2024-05-05

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

The complaint could negatively impact prices of Trader Joe’s JOE tokens, which are down 4.5% in the past week, as traders may react to the legal orders. “We love innovation and pay close attention to all the new things are happening in the market, especially when it comes to Liquid Staking! So far Ankr has proposed the EigenLayer DAO to list ankrEtH, but we also are playing close attention to the liquid staking protocols that are being built on top.” Everything You Need to Know About Binance ConvertEx-journo, legal ace, comms lead, and narrator of new-age net tales, now at the helm of GM Factory, where he helps digital neophytes beam beyond the daybreak.Lewis Crypto Leaders Shadowy Super-Coders In Sam-Bankman Scandal Young people who are interested in technology and specialists in the field find the concept of conversing via avatars to be novel and fascinating.

Exchange Rankings Crypto
Image: cyptoranking.com

DEXTools Logo / Source: AdobeMajor blue-chip cryptocurrencies continue to slide, with Bitcoin (BTC) last trading in the $27,300s, down close to 1%, and Ether (ETH) last trading just to the north of $1,550 and down a little over 1%.Bitcoin remains in a short-term uptrend, but is threatening a downside break, which would be confirmed if the cryptocurrency broke under $27,000 once again.Ether, meanwhile, continues to face headwinds following the recent underwhelming launch of ETH futures ETFs in the US, which saw week demand, and following a surprise sale of around $2.7 million ETH tokens by the Ethereum Foundation earlier in the week.Elsewhere, sentiment is downbeat across most other major cryptos, with the likes of XRP (XRP), Solana (SOL), Cardano (ADA) and Dogecoin (DOGE) all down 1-4% in the past 24 hours, as per CoinGecko.Traders will be monitoring the ongoing war between Israel/Gaza and its impact on oil prices this week, as well as moves in the US bond and currency markets this week.However, the main event is likely to be the release of US PPI and CPI inflation figures on Wednesday and Thursday.Ahead of this data, traders will likely continue to turn to the highly illiquid shitcoin/meme coin markets for better trading opportunities.Here are some of the top-performing low-cap coins as per DEXTools.Dee Jay ($DEE)A shitcoin called Dee Jay ($DEE) that was launched on Tuesday has seen an almighty 400% pump from its decentralized exchange launch price, making it the best-performing shitcoin, as per DEXTools.$DEE last had a market cap of just under $300,000, with 24-hour trading volumes of around $530,000, over 200 holders and a little over $240,000 in liquidity.The token’s smart contract has two alerts, as per the DEXTools security audit, including an anti-whale mechanism and a trading cooldown function, both potentially handing the token’s issuer unfair influence over trading conditions.KingdomGame ($KINGDOM)Telegram-based game KindomGame’s native $KINGDOM token has pumped up an impressive more than 200% in the past 24 hours, as per DEXTools, making it a top performer.$KINGDOM last had a market cap of around $2.43 million, nearly $850,000 in 24-hour trading volumes, nearly 1,000 holders and close to $200,000 in locked liquidity.The token is up a stunning 800x versus its launch price earlier this month at just above $0.0003.While it doesn’t appear to be a scam, the token has a few concerning aspects to its contract, such as a 5% buy and sell tax and an anti-whale mechanism, although it does have a strong community trust score of around 92%.Loong ($LOONG)A shitcoin called Loong ($LOONG) is up over 130% on Tuesday, making it a top performer in the past 24 hours, as per DEXTools.The token is looking to make it four days in the green in a row since its launch late last week and has managed to already surpass a market cap of a $500,000.$LOONG has already massed more than 175 holders and over $80,000 in liquidity, but its pump isn’t being driven by much volume.With only around $70,000 of the token changing hands in the past 24 hours, $LOONG’s latest pump may lack conviction.The token has a few concerning aspects to it, including a 5% buy tax and a 6.8% sell tax, as well as a few other functions that could hand the issuer unfair powers over trading conditions.Crypto Alternatives to ConsiderShitcoins are very risky, given most have no real value proposition.For those looking for an even better probability of near-term gains, an alternative high-risk-high-reward investment strategy to consider is getting involved in crypto presales.This is where investors buy the tokens of up-start crypto projects to help fund their development.These tokens are nearly always sold cheaply, and there is a long history of presales delivering huge exponential gains to early investors.Many of these projects have fantastic teams behind them and a great vision to deliver a revolutionary crypto application/platform.If an investor can identify such projects, the risk/reward of their presale investment is very good.The team at Cryptonews spends a lot of time combing through presale projects to help investors out.Here is a list of 15 of what the project deems as the best crypto presales of 2023.See the 15 CryptocurrenciesDisclaimer: 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.Crypto Exchanges Adapt: Coinbase, Revolut, and Binance Update Apps for UK Regulations – Here's the Latest For both interactive and non-interactive zero-knowledge proofs, researchers and cryptographers tried to simplify the explanation through various examples. How much does a Bitcoin broker charge?Increases Efficiency – Automation is one part of the smart contract, as it automatically executes contracts according to the terms of an agreement. Traditional contracts require people to type in the manual data or require the middleman to process the transaction, but the smart contract does not require any such step, reducing the time and effort and improving overall efficiency. Source: AdobeThe US crypto industry has a new favorite banking partner, a small Pennsylvania-based called Customers Bank.According to a Bloomberg article citing sources familiar with the matter, the bank is partnered with hundreds of crypto companies, with a wave of new clients coming in after the collapse of crypto-friendly banks Silvergate Capital and Signature Bank earlier in the year.Customers Bank offers a platform that enables 24/7 payments for its crypto clients called Customers Bank Instant Token (CBIT), similar to Silvergate Capital’s highly popular but now shuttered Silvergate Exchange Network (SEN) payments platform.The closures of Signature and Silvergate earlier in the year left little competition for Customers Bank, analysts say.“With Signature and Silvergate basically shutting their doors, these balances had to go somewhere,” Frank Schiraldi, an analyst at Piper Sandler, said.Customers Bank “really seems to be the last man standing”.As per sources familiar with the matter, staff at Customers Bank were working around the clock earlier this year to onboard new clients amid the exodus from Silvergate and Signature Bank.Customers Bank Playing Down Crypto Links as Regulators Tighten Screws on IndustryThough Customers Bank has partnered with a wave of new crypto firms, it appears reluctant to promote itself as the crypto industry’s number one new banking partner.Deposits on its CBIT platform for crypto clients are limited to no more than 15% of it’s the bank’s total balance sheet.According to Bloomberg, CBIT deposits were around $2.25 billion at the end of Q1 2023, accounting for around 13% of the bank’s total deposits.Meanwhile, the bank recently removed a page on its website promoting its crypto business and management have stopped touting crypto partnerships in earnings calls.Bank representatives have said that, of the wave of new deposits the bank attracted after the Silvergate/Signature bank collapses earlier this year, only a small portion were from new CBIT clients.According to the bank’s CEO Sam Sidhu, the biggest drivers of deposits in the last three months have been from the finance, tech and venture capital sectors.Customers Bank’s reluctance to openly embrace its increasingly pro-crypto stance is understandable in light of the toxic regulatory atmosphere surrounding the crypto industry at the moment.The US Securities and Exchange Commission (SEC) is going after some of the industry’s biggest players, such as Coinbase and Binance, for allegedly operating as unlicensed securities exchanges, amongst other charges.And bank industry regulators warned US banks earlier this year about the risks of doing business with the crypto sector.“Banking regulators will be looking at how well (Customers Bank) is controlling the risk,” and asking whether “they have the sophistication and the strong control to understand the risk of a particular crypto business”, former SEC/Treasury Department enforcer and partner at consulting company Guidehouse Alma Angotti said.New Proposal: Hong Kong Should Issue Stablecoin to Rival USDT and USDC

As a city whose Bosphorus bridge joins Europe and Asian continents, Istanbul is geographically well-placed to attract attendees from both the East and West. Artist: Are you a creative spirit? Artists design car paint jobs, decals, and unique crew branding. Can I buy Bitcoin without a broker?Read More: 9 Best Crypto Demo Accounts For Trading Magazine: The Truth Behind Cuba’s Bitcoin Revolution: An on-the-ground report

SubQuery Empowers zkSync Era with Efficient Data Indexing Tools Source: PixabayThe recent approval of Ethereum exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) officially establishes Ethereum's status as a non-security, former CFTC Chairman and Head of Policy at a16z Crypto, Brian Quintenz, posted on X today.On October 2, a total of nine ETF products designed to track futures contracts tied to the value of Ethereum's native currency, Ether, were introduced to the market. Of these, five exclusively hold Ether futures, while the remaining four track a combination of Bitcoin and Ethereum futures contracts.Grayscale is also looking to convert its Ethereum Trust into into a spot Ethereum ETF. Ethereum ETFs Saw Less Than $2 million in Total Trading Volume on Day 1Among the newly launched ETFs, Valkyrie's BTF, which tracks a combination of Bitcoin and Ether, led the way with a total trading volume of $882,000. Worth noting is that BTF had been trading as a Bitcoin-only futures ETF since October 2021 but adjusted its strategy to include Ethereum.Comparing the initial trading volume of these Ether ETFs to the debut of the ProShares Bitcoin Strategy ETF (BITO) in October 2021, it's clear that Ethereum's reception has been more subdued. BITO witnessed over $1 billion in trading volume on its first day.Eric Balchunas, a senior Bloomberg ETF analyst, pointed out that while the Ether ETFs' trading volume may seem modest, it is relatively substantial when compared to typical traditional finance ETF launches. However, he noted that investors generally prefer spot ETF products over those based on futures contracts.Balchunas also highlighted the SEC's decision to launch all these ETF products on the same day, a move aimed at preventing any single fund from gaining market dominance.Volatility Shares Cancels Plans to List ETH Futures ETFDespite the growing interest in Ether futures and ETFs, some firms are cautious about entering this market. Volatility Shares, an ETF provider, recently canceled its plans to list a similar product, citing a lack of opportunities in the current environment.As the cryptocurrency market continues to evolve, the approval of Ethereum ETFs signifies a significant regulatory development. The former CFTC chairman also opined on the occasion: It's ridiculous and insulting that it took so long to get here, but it's a big win for the crypto space, and more importantly for the future of the internet.Blockbuster Crypto Wall Street Memes Token to List on Binance in 3 Days Claims Source, Next Pepe 100x Coin Incoming? Which country has most crypto investors?Currently, there are no signs that suggest this will be the case. The move by the UK's financial regulator comes days after Binance announced it was using Rebuilding Society to gain financial promotions compliance within the UK. On Saturday, a Binance blog post stated that to comply with the FCA's new financial promotions regime, Binance was partnering with Rebuilding Society and that it "has FCA authorization and regulatory approval."

Have an opinion on this story? Share it!