Open Interest: Definition, How It Works, and Example - cyptoranking.com

2024-04-27

Popular crypto exchanges(2023 Update) 2024-04-27
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Paris, France — Last week at the Sandbox HQ, the Eyes of Fashion NFT community celebrated the launch of "Love in Paris," a captivating addition to The Sandbox's gaming universe. This fusion of gaming and fashion marks a significant milestone for both industries, offering a glimpse into the exciting potential of virtual worlds and NFTs. — Eda Aguilar, Founder & CEO of Eyes of Fashion, shared her enthusiasm for this innovative venture, stating, "The Eyes of Fashion IP continues its journey by entering the gaming world within The Sandbox, following its foray into both physical and digital fashion products." "The game 'Love in Paris' aligns perfectly with our mission and identity. Now, our holders can embark on an enjoyable adventure exploring the city of Paris and even better with their children," added Eda. The event brought together The Sandbox, Eyes of Fashion, Interactive Studio, and BNV to showcase not only the game "Love in Paris" but also digital fashion wearables and various fashion and art experiences within The Sandbox ecosystem. Gaming and fashion, once considered separate realms, have increasingly intertwined in recent years. With the evolution of gaming, especially in the domain of massively multiplayer online games and virtual reality, the significance of avatars and their appearances has surged. Players now seek unique and fashionable outfits, accessories, and styles for their digital personas, blurring the lines between virtual and real-world fashion. Leading fashion brands have also recognized this intersection's potential, collaborating with game developers to introduce limited-edition virtual clothing and even hosting virtual fashion shows within gaming environments. This convergence not only underscores gaming's growing cultural influence but also showcases the fashion industry's adaptability as it embraces new platforms to connect with a broader and more diverse audience. Eyes of Fashion, a collection of 8,888 unique fashion illustrations by artist Talia Zoref, draws inspiration from the vibrant and creative fashion world while addressing the industry's critical eye. Their mission is to bridge the gap between Web2 and Web3, fostering greater inclusion in the fashion world, empowering women artists, and advancing women's education. The event at the Sandbox HQ highlights the evolving landscape of both gaming and fashion, demonstrating the potential of NFTs and virtual worlds to bring these industries closer than ever before. As gaming and fashion continue to converge, "Love in Paris" represents just the beginning of a thrilling journey into the metaverse, where the boundaries between physical and digital worlds blur, and creativity knows no bounds.Partnership Announcement: TRU Band Room Joins Forces with SpottieLand in Decentraland BAPE and Tamagotchi have teamed up to launch co-branded products in both of their respective spheres, dropping specially branded Tamagotchi gaming devices along with BAPE apparel that features imagery from both brands. Open Interest: Definition, How It Works, and ExampleMajor Resistance Level – $1,620Ethereum price tests crucial support at $1,570 as ETH becomes a polarizing topic Above all, his chart fits the narrative of Bitcoin’s cyclicality triggered by every four-year halving (black lines). The BTC price usually reaches the peak of the next cycle about 12-18 months after this event.

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Imagine a virtual world where you can roll up your sleeves and get to work in an entirely new way. ZTX is taking a bold step forward by introducing a unique concept in its upcoming beta release. The central theme of this update revolves around virtual labor – a concept that will revolutionize the way users engage with the metaverse. Interestingly, there is a pattern observed on Ethereum Foundation's sales. It often liquidates Ethereum just before significant sell-offs occur. While it is speculative to draw conclusions, the timing of its sales in relation to market movements has not gone unnoticed by keen market observers.Ether-Bitcoin Ratio Drops to 15-Month Low as ETFs Fail to Uplift Sentiment The Best Ethereum Wallets 2023-An Investor's GuideAbout a week later, Unity walked back some of its plans for the new fee, set to launch in 2024—but hasn’t scrapped it entirely. Its design was directly inspired by iconic New York City blowup rats, which often anchor protests against landlords. In this instance, Saiers added crypto code across the rodent’s body and Bitcoin (BTC) signs in its eyes.

nano config.json Faus soon after leveraged the 15-minute film to sell NFT passes, in the aim of raising funds for a feature-length version of the same story. The NFTs were a success, raising a $750,000 production budget; they offered holders behind-the-scenes access to the film’s production as well as control, via a decentralized autonomous organization (DAO), over a portion of the film’s eventual proceeds. ESMA grants third-country CCP recognition to Bursa Malaysia Derivatives ClearingScalability: As the metaverse grows in size, providing scalability to support millions of users at the same time becomes a technical problem. Trader Joe is one of the most popular decentralized exchanges, originally starting on the Avalanche network before expanding to BNB Chain, Arbitrum and Ethereum.

Curious events at Axos continue. For example, Axos Bank’s CEO recently starting selling his own shares in the company. He, of course, claimed that he merely needed to make an unremarkable interest payment on a margin loan. Altcoins: Exercise Caution With These Cryptos The Muddle Of Taxation In Regulating Cryptocurrency In ...Ofcom is worried that "hyperscalers" like AWS and Microsoft Azure are stifling competition in the cloud computing sector, where they collectively account for approximately 60% to 70% of total cloud spending. Smaller cloud providers face challenges in gaining a foothold in this landscape. XRP (XRP) price is up today following news that Federal District Judge Analisa Torres of the Southern District of New York ruled against the United States Securities and Exchange Commission’s contention that XRP is a security. XRP immediately reached $0.55, but subsequently gave away part of the gains on Oct. 4.XRP token 4-hour index price, USD. Source: TradingViewRipple’s favorable court decision spurred mixed opinions from expertsIn an Oct. 3 court order, Judge Torres claimed that the matter did not require an order that “involved a controlling question of law,” which is an essential condition for approving an interlocutory appeal. This decision sparked a debate among crypto law experts in the community.Bill Hughes, a lawyer at blockchain firm ConsenSys, told Cointelegraph that the rejection of the SEC’s appeal was generally expected, given that appeals of this nature are not usual during this part of a trial. Similarly, Gabriel Shapiro, general counsel at Delphi Labs, warned XRP bulls to temper their enthusiasm, as the SEC could still appeal the case later. The regulator would need to wait until after the trial’s conclusion, which is scheduled to begin on April 23, 2024.Ripple gets approval for a Singapore digital payments licenseIn an Oct. 4 statement, Ripple announced that its local entity, Ripple Markets Asia Pacific, was granted a Major Payment Institution license for digital payment token services in Singapore. This decision will allow the company to continue operations in the city-state after receiving in-principle approval from the Monetary Authority of Singapore in June.According to Ripple, the license allows its subsidiary to further scale its On-Demand Liquidity service offering, an enterprise solution that uses XRP as a bridge between two currencies. This eliminates the need for prefunding of destination accounts and reduces operational costs.Ripple picked as a contender for Georgia’s CBDC pilotOn Sept. 28, the National Bank of Georgia (NBG) announced that nine companies, including Ripple, would take part in the research of its central bank digital currency (CBDC). Known as the digital lari, or GEL, the project aims to be programmable and support asset tokenization.The Eastern European country, with a population of 3.7 million, intends to launch a limited-access live pilot environment, where only one of the participating companies will be selected to move forward. The NBG announced that it was considering issuing a CBDC in May 2021, without providing a timeline for it.There was modest impact on XRP derivatives demandThe demand for XRP futures did not present meaningful changes, with the open interest — which measures the aggregate notional of contracts still in play — increasing by 13% versus the previous day. Furthermore, the current $590 million open interest falls short of the $794 million from one month prior.XRP futures open-interest weighted funding rate, 8-hour. Source: CoinglassNotice that the XRP futures funding rate has consistently stayed below 0.01% every eight hours, which is equivalent to 0.20% per week. Positive values indicate that long positions are covering the cost of leverage, but a funding rate below 1% per week is generally not considered expensive.Considering the inability to surpass the $0.54 mark, which would have been the highest level in six weeks, and the lack of demand for leverage through futures contracts, it’s reasonable to doubt whether the recent positive news flow has convinced investors that XRP is about to enter a bull run.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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