Global watchdog calls for UK to regulate crypto in same ... - cyptoranking.com

2024-05-07

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In this bullish scenario, MATIC’s price could climb to as high as $0.6500 in the next few days. Contradicting this bullish thesis was the noteworthy bearish technical flag that was on the verge of being triggered on MATIC’s daily chart. Related: North Korean Lazarus Group amasses over $40M in Bitcoin, data reveals Global watchdog calls for UK to regulate crypto in same ...— 2Maique (@2Maique) September 24, 2023 In addition, this week’s candle, with several hours left to close, may take the shape of an evening star or a gravestone Doji. Both formations contain long upper wicks, indicating selling pressure. Moreover, they often appear at the top of an uptrend and signal an impending correction.

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— .SWOOSH (@dotSWOOSH) October 6, 2023 Technical indicators suggest the downtrend momentum of the MKR crypto price. The relative strength index showcases the downtrend momentum of Maker crypto. RSI was at 49.40 and is heading towards the neutral to be oversold. SGX Nifty derivatives would entirely trade from GIFT City from July 3Source: a video screenshot, ETHWORLD / YouTubeEthereum (ETH) co-founder Vitalik Buterin has recently shared his thoughts on potential changes to Ethereum's staking system.In a recent blog post, Buterin discussed various protocols, including ERC-4337, ZK-EVMs, private mempools, code precompiles, and liquid staking, and explored the trade-offs associated with incorporating them into Ethereum's code.The Ethereum mastermind said the goal behind the article was to "start to build toward a framework for better identifying possible targets where enshrining certain features in the protocol might be worth considering."Buterin expressed a stronger inclination towards incorporating certain protocols into Ethereum's code, such as ERC-4337, while being more cautious about others, like private mempools. ERC-4337 is a token standard co-authored by Buterin, Kristof Gazso, Dror Tirosh, Tjaden Hess, Yoav Weiss and Shahaf Nacson that introduces account abstraction without changes to the underlying Ethereum protocol.Meanwhile, private mempols, or "encrypted mempools," keep users' transactions encrypted until the moment they get irreversibly accepted into a block.He acknowledged that each of these protocols present complex trade-offs that will continue to evolve over time.Buterin Expresses Concern About Staking ConcentrationOne specific concern that Buterin mentioned was the concentration of power among Ethereum's liquid staking providers. Lido, a prominent liquid staking pool, currently controls over 32% of the staked ether on Ethereum, with holdings distributed across different validators. Alongside Rocket Pool, Lido is a significant player in the ecosystem, but Buterin highlighted the need for more robust safety mechanisms.Buterin proposed exploring additional solutions to enhance the safety and decentralization of liquid staking. Rather than relying solely on moralistic pressure to encourage stakeholders to diversify their choice of staking providers, he suggested tweaking the Ethereum protocol itself. This could involve refining RocketPool's existing approach or granting enhanced governance rights to a randomly sampled committee of small stakeholders. These measures could contribute to a more decentralized and resilient Ethereum ecosystem.As reported, several prominent liquid staking providers have implemented or are in the process of implementing a self-limit rule in an effort to maintain the decentralized nature of Ethereum.The rule ensures that these providers will not own more than 22% of the Ethereum staking market, which could help address concerns over the growing centralization of Ethereum staking.Rocket Pool, StakeWise, Stader Labs, Diva Staking, and Puffer Finance are some of the staking platforms that have already committed to the self-limit rule.However, Lido Finance has decided not to commit to the self-limit rule.Back in June, the project put forward a proposal to impose a limit on Lido’s maximum stake.Less than one half of one percent of the votes cast were in favor of the self-limit rule, while those holding more than 99% of Lido’s governance tokens, LDO, voted for the protocol to not hold back on its growth.Coinbase, the second-largest staking provider, holds only an 8.7% market share, according to data from Dune Analytics.Protocol Guild In For Big Pay Day From Ether ETF Meanwhile, some investment firms have maintained a long-term vision for the crypto ecosystem. On Sept. 18, BeInCrypto reported that the crypto VC company Blockchain Capital had raised $580 million to invest in six crypto sectors.

Mixin Network, a cross-chain transactional network for digital assets, suspended deposits and withdrawals following a hack that led to the loss of $200 million in funds over the weekend. The FSC's report, which surveyed a total of 35 virtual asset operators in the country, including 26 crypto exchanges, also revealed some noteworthy trends. Buy Crypto With Klarna [2023]|Step-by-StepThe UOS token is a utility token used within the Ultra ecosystem. Users require the UOS token for various transactions within the platform, including purchasing games, virtual items, and services. With a massive, censorship-resistant treasury, the thinking goes that Maker’s decentralized stablecoin would be immune from government capture. (Remember, the plan was put in place shortly after the Tornado Cash sanctions.)

Source: AdobeStock/Rafael HenriqueMajor NFT marketplace OpenSea has introduced OpenSea Studio, a comprehensive platform designed to assist creators in launching and managing their NFT projects. The company unveiled the new initiative in a Tuesday blog post, saying that OpenSea Studio aims to streamline the operational aspects so that creators can focus on their artistic endeavors."We’re launching OpenSea Studio, a one-stop shop for creators to launch and manage their projects, all on the world’s largest NFT marketplace," the announcement read. With the launch of OpenSea Studio, creators now have full control over the entire NFT drop process, allowing them to configure allowlists, upload media and metadata with previews, and create dedicated project pages. The platform also enables users to mint NFTs directly into their personal wallets, expanding their creative possibilities. OpenSea Studio supports a wide range of OpenSea-compatible blockchains, which include Ethereum (ETH), Polygon (MATIC), Klaytn, Solana (SOL), Arbitrum (ARB), Optimism, Avalanche (AVAX), BNB, Zora, and Base.OpenSea Studio Touts User-Friendly InterfaceAccording to OpenSea, one of the standout features of OpenSea Studio is its user-friendly interface, which eliminates the need for technical expertise when launching NFT projects. It also allows collectors to mint NFTs using credit or debit cards, simplifying the acquisition process.The platform said it has plans to enhance OpenSea Studio with additional functionality in the coming months. Users can expect new collection pages that offer immersive multimedia experiences, including videos, images, and text modules. Furthermore, the platform will introduce improved features such as roadmaps and FAQs to enhance user engagement."This will allow all creators and brands to showcase their work on a richer surface, and make it easier for collectors to learn about projects, right on the collection page."OpenSea Continues to Expand Market FootprintOpenSea has been actively expanding its market footprint in the competitive NFT industry. Earlier this year, the marketplace introduced OpenSea Pro, a platform that aggregates listings from 170 different markets, offering traders the most competitive deals available. OpenSea Pro also provides live cross-marketplace data, delivering near-real-time updates on user and collection activity across all NFT marketplaces, making it a valuable tool for traders and collectors alike.While OpenSea continues to innovate and expand, it has faced challenges along the way. Recently, the marketplace experienced a security breach that potentially exposed users' API keys.It is worth noting that despite the setbacks caused by the 2022 crypto crash, Web3 continues to intrigue marketers, particularly in the activewear and luxury brand sectors. As reported, Byron Sorrells, CEO and co-founder of Dispatch, a platform facilitating friction-free purchases in various digital experiences, has said that the 2022 crash provided a much-needed distinction between speculation and the real utility of Web3 technology. Sorrells claimed that he sees Web3 as a technology that augments existing practices rather than entirely replacing them."It's a shame it took these big events for that to happen, but you do start to see that what's survived are some genuine use cases," he said. Rolling Stone Calls NFTs “Totally Worthless,” Sparks Diverse Community Reaction Blockchain technology ensures fair gaming through the use of Random Number Generators. What is Ethereum highest price ever?The DOGE price bounced slightly yesterday, creating a long lower wick, but has not reached the $0.060 area yet. Overall, while Australia offers a more certain regulatory environment compared to some other jurisdictions, the landscape is continually evolving. Companies must remain agile and engaged with regulators to navigate this dynamic space successfully.Crypto Firms at Risk of Shut Down as Venture Funding Plunges 63%

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