What are the risks of trading cryptocurrencies? - cyptoranking.com

2024-04-19

Popular crypto exchanges(2023 Update) 2024-04-19
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On the other hand, if the strike price is close to the current market price, it could attract more trading activity, potentially leading to increased price fluctuations and volatility, the Deribit executive added. The daily trading volume has also spiked considerably during these two highs, on August 9 and October 8. What are the risks of trading cryptocurrencies?Source: Adobe/James ThewAnimoca Brands, a prominent player in the crypto gaming and metaverse investment space, has announced plans to launch a metaverse ecosystem token on the Bitcoin (BTC) network. In a recent press release, the company said the token will be developed through the Ordinals protocol by Darewise Entertainment, a subsidiary of Animoca Brands.Darewise Entertainment, also known as Life Beyond Studios, aims to establish a metaverse ecosystem centered around Bitcoin Ordinals. This protocol allows users to record NFT-like assets on the blockchain and create BRC-20 tokens on the Bitcoin network. The studio's vision for the metaverse includes immersive gaming experiences, brand integrations, real-world connections, and more. Their upcoming game, Life Beyond, will be among the first to incorporate the newly introduced Bitcoin-based metaverse token for in-game assets and virtual lands.While Life Beyond has previously released gaming NFTs on the Polygon scaling network, this venture marks its foray into the Bitcoin ecosystem.The token will serve as the primary currency within Life Beyond, facilitating transactions involving in-game assets and virtual lands."With the advent of the Ordinals protocol, we're witnessing a pivotal moment for Bitcoin as it extends its reach and introduces the concept of culture," Yat Siu, co-founder and executive chairman of Animoca Brands, said in a comment. "High-quality gaming is one of the keys to mass adoption, and we're thrilled that our AAA studio Darewise Entertainment is working on this untapped opportunity in partnership with Horizen Labs, a pioneer and expert in its field."Benjamin Charbit, CEO of Darewise Entertainment, also emphasized the need to actively build and explore new possibilities for Bitcoin Ordinals. Darewise Entertainment to Collaborate with Horizen Labs To bring the Bitcoin token to fruition, Darewise Entertainment will collaborate with Horizen Labs, a company known for its expertise in smart contract development and token strategies.Horizen Labs previously contributed to the creation of ApeCoin (APE), an Ethereum-based token associated with the popular Bored Ape Yacht Club NFT project. Darewise Entertainment will receive technical and consultation support from Horizen Labs, leveraging their expertise in zero-knowledge cryptography. "We look forward to working with the excellent Life Beyond team and bringing our expertise to this important technological innovation within the space," Robert Viglione, CEO of Horizen Labs, said.Meanwhile, there are still some challenges ahead of the initiative, including demonstrating the viability and scalability of a Bitcoin gaming ecosystem.However, Vincent Marty, Chief Product Officer at Darewise Entertainment, said they are committed to testing Bitcoin's potential in a rapidly evolving digital landscape and promised forthcoming technological advancements that will impact not only Life Beyond but also metaverses and games on a global scale.Anomica's new NFT venture comes as luxury brands are increasingly turning to NFTs to ensure the legitimacy of products. As reported, Prada Group, the parent company of Miu Miu, in cooperation with the Aura Blockchain Consortium, has launched blockchain services that allow customers to verify the authenticity of their purchased products.Likewise, Italian luxury watch manufacturer Panerai has revealed plans to include an NFT-based "digital passport" with every watch sold after October 3. NFT Fantasy Soccer Games Coming to US and Canada Courtesy of LaLiga and GameOn According to @seth_fin, at the end of a mature bull market, Bitcoin will likely end its uptrend somewhere in the $200,000 – $250,000 range. This would be an increase of about 10x from the current price.

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In terms of longevity and AI, Lee expressed his optimism that there are many areas where GPT-4 can help lead to new scientific discoveries, medicines, therapies, and diagnoses. Collect: Torque Drift 2 brings you an amazing opportunity as a player – owning your gaming experience. Through digital collectible items, you can personalize and even create a source of income from your digital assets, thanks to Web3 technology. How to Buy Ethereum for Metamask?-The XplorionMorpho, which announced an $18 million raise last May, has flown under the radar relative to lending protocols like Compound and Aave, with its founder Paul Frambot admitting the project has not focused enough on marketing in the U.S. market. Originally launched as a layer on top of lending protocols to match borrowers and lenders in a peer-to-peer fashion at lower rates, the new protocol, Morpho Blue, represents a pivot to a base layer. ZTX, the creators of the Web3 virtual universe, is about to unveil its highly anticipated beta version two. Get ready to dive into a digital realm where manual labor becomes an exciting and rewarding adventure.

Zuckerberg envisions people using these photorealistic avatars for remote-work meetings, gaming, and social interactions to feel a greater sense of presence and connection. The ability to "teleport" into virtual spaces with realistic avatars of loved ones could profoundly change human communication and civilization, according to Fridman. The Bitfinex Alpha report shared with BeInCrypto suggests that there will be “heightened levels of volatility” in Bitcoin’s price action. The screenshot below shows that the daily historical volatility remains above the 200-day exponential moving average (EMA). How to invest in derivatives market?Ethereum resumed its decline and retested the $1,550 support. CelerNetwork is a blockchain interoperability protocol that has gained recognition for its mission to provide a one-click user experience for accessing tokens, DeFi platforms, GameFi applications, NFTs, governance tools, privacy solutions, and more across multiple blockchain networks. Developers can harness the power of the Celer Inter-chain Message SDK to build inter-chain-native decentralized applications (dApps) with ease.

The Bitcoin (BTC) mining business is a live ‘winner-takes-all’ race, with mining companies and pools competing against each other for the discovery of the next valid block that guarantees the right to collect the mining reward of 6.25 BTC plus transaction fees. Recent changes in the hashrate spectrum towards AntPool could further impact Bitcoin network decentralization. In a significant development for the decentralized finance (DeFi) ecosystem, OKX Wallet has announced its integration with Morpho Protocol, a cutting-edge lending pool optimizer. This integration aims to empower crypto users with improved rates for both suppliers and borrowers while maintaining liquidity and risk parameters. Bitcoin Options Open Interest, Bitcoin ...Uphold mentioned that participants will receive an entry into the draw for every eligible transaction worth $20 and above. Moreover, the platform stated there is no limit to the number of entries a participant can accumulate. TOTALCAP Daily Chart. Source: TradingView

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