Indian exchanges see subdued volumes after FTX collapse - cyptoranking.com

2024-04-19

Popular crypto exchanges(2023 Update) 2024-04-19
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The consensus mechanism helps Polygon to maintain a fast transaction processing speed. According to Polygon, the transaction speed is 7,000 tx/s compared to Ethereum’s speed of 15 tx/s. NEAR price highlights the neutral to bearish sentiments and perspectives of investors and traders regarding the NEAR Protocol in the daily timeframe. The technical parameters of the NEAR price suggest the continuation of the bearishness over the daily time frame chart. Moreover, NEAR price action highlights a bearish to consolidation view at the time of publishing. Indian exchanges see subdued volumes after FTX collapseSMA 7-day network hashrate on October 10, 2023. Blockchain data analytics platform Nansen’s CEO Alex Svanevik just outlined six themes that he thinks will play a role in the next “cycle” in the crypto market via a Tweet thread.Many analysts talk about macro themes such as potential easing of interest rates from the Fed and other major central banks, more certainty regarding crypto regulations, and increased institutional adoption as spot crypto ETFs gain approval as major drivers of the next bull run.But the themes Svanevik outlined were more nuanced and crypto sector-specific. Examine them one by one.Fintech Adoption Crypto as A BackendSvanevik noted that major fintech firms are increasingly moving towards using blockchain as their main backend.PayPal has already launched a stablecoin and Revolut is already letting its users stake ETH, he noted.Fintech firms are attracted to blockchains because of their potential to offer complete transparency, enhanced security, censorship resistance, fast and cheap transactions that offer zero cross border frictions.“Long-term, crypto replaces the backends for fintech,” Svanevik noted.Gambling And Betting Moving to BlockchainGambling and betting “just makes a lot more sense with a DeFi backend,” Svanevik noted, explaining that “instead of house taking a spread”, protocols can “live off the yields on capital”.Crypto casinos have been a huge success in 2023, with the likes of Rollbit seeing explosive user growth.Meanwhile, a new Telegram-based crypto Casino called TG.Casino is currently enjoying a highly successful presale, having last raised over $725,000 to power its new platform.Web3 can solve a number of problems that have plagued the traditional gambling industry by providing greater transparency, security and offering an avenue to gamble without having to give up custody of your funds.Real World Assets (RWAs)Svanevik predicts that real-world assets will increasingly move on-chain, particularly US government bonds or “t-bills”.Given they are yield-bearing, Svanevik hypothesized that on-chain t-bills will eventually eat up a substantial portion of the stablecoin supply.He noted he “would be surprised if @circle (and) @Tether_to don’t move here”.The total market cap of all USDT and USDC currently in issuance was last around $110 billion.Web3 GamingSvanevik admitted that he has been touting the potential of web3 gaming for some time, but noted that, “in the next 6 months, we’ll see games launch after 2+ years of building”.He noted he is backing Sipher Odyssey, MixMob and Axie Infinity.SocialFiGiven the recent growth of protocols such as friend.tech, Svanevik noted he expects SocialFi to be a major pillar of future crypto growth.Recent reports suggest that the development team behind friend.tech has amassed nearly $20 million in revenue since its launch in August.At its current pace, the platform is projected to generate an annualized revenue of $180 million.“It’ll take a few iterations (and forks), but I think this (SocialFi) is here to stay”, he noted.Physical NFTsSvanevik hailed Pudgy Penguins’ Luca Netz as “showing us the path to Walmart” for NFTs.Pudgy Toys are now available across 2,000 Walmarts in the USA.As per Walmart, “each toy has an official, scannable, redeemable code that unlocks digital penguin customization using different trait boxes”.“That way, you can obtain rare and epic traits and have a one-of-a-kind forever Pudgy Penguin registered to your name on the blockchain”.Coinbase Director Flags Alameda Research for Minting Nearly $40 Billion USDT in 2021

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As Ripple appears to gain momentum on the legal front, speculation is rife regarding the SEC's potential actions. Some experts believe that the SEC might consider dropping the case against Ripple. Quant price prediction shows a decline within a notable pattern on the daily chart. Sellers are actively pushing QNT towards the lower trendline. QNT has been in a descending parallel channel since April 2023, and for a potential breakout, buyers must increase their accumulation, despite lower-than-average trading volume. Who is the CEO of Bitcoin?Energization of Marathon’s facility in Garden City, Texas is still not complete, and the company is focused on increasing the mining efficiency of its location in McCamey, Texas. In a previous exclusive interview with Cointelegraph at the Money20/20 conference in Amsterdam, Tether’s chief technology officer Paolo Ardoino said that the company’s investment was aimed at diversifying its interests into energy production while making use of renewable energy to mine Bitcoin.

Historically, digital art has been undervalued by the fine art industry, but NFTs are changing that. 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. How to sell Bitcoin in 4 stepsIf the decrease continues, the closest support area will be at $9.20, 8% below the current price. On the other hand, if the upward movement regains momentum, a 25% increase to the $12.30 resistance area will be likely. After a slowdown in late August, Friend.Tech may be gradually regaining some of its initial momentum. For the past two weeks, the platform’s daily revenue has stayed mostly above $400,000, reaching as high as $1.1 million, according to data from DeFiLlama. Currently, Arbitrum’s Post.tech appears to be leading the race as Friend.tech’s primary rival, recording 75,000 transactions in the last 24 hours, compared to Friend.tech’s 104,000.Press start to disrupt: Dappicom's bid to reinvent Web3 gaming

Compliance Guidelines According to Elliptic, more than 80 different crypto assets are held by sanctioned and terrorist entities in over 26 blockchains. ZebPay: Buy, Sell & Trade Crypto Coins Globally|Crypto ...During the prosecution's line of inquiry, Wang said that either Bankman-Fried or FTX lawyers had presented him with loans which he was then directed to sign. “No Coiner” means exactly what it sounds like — no cryptos in hand. This phrase depicts a person who is very pessimistic about cryptocurrencies and believes that there is no use in having them.

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