Sebi allows direct market access to registered FPIs for participating in ETCDs|Mint - cyptoranking.com

2024-04-26

Popular crypto exchanges(2023 Update) 2024-04-26
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Rising Rates Gives New Life to Interest-Bearing Stablecoins Pro-crypto candidate for the United States presidency Robert F. Kennedy, Jr., often known simply as RFK Jr., announced on Oct. 9 at a rally in Philadelphia that he was dropping his bid for nomination in the Democratic primary to run as an independent instead. “I’m here to declare myself an independent candidate,” he said.Kennedy has been a supporter of crypto, and he stated that one of the goals of his administration would be “making America the global hub of cryptocurrency, particularly Bitcoin.” He revealed plans in July to back the U.S. dollar with “hard currency,” such as gold, silver, platinum and Bitcoin (BTC).Kennedy was also a vocal opponent of the Federal Reserve’s FedNow instant payment system, equating it with a central bank digital currency (CBDC) and stating in a Twitter (now X) post that “CBDCs grease the slippery slope to financial slavery and political tyranny” and that there was an “obvious danger that this is the first step in banning and seizing bitcoin.” The U.S. Federal Reserve Board later launched a public-awareness campaign to differentiate FedNow from a CBDC.I’m ready for tomorrow, are you? Catch my livestream from 12-2pm tomorrow:https://t.co/r40WRqz8zw pic.twitter.com/bSxVuNPL2U— Robert F. Kennedy Jr (@RobertKennedyJr) October 9, 2023 Sebi allows direct market access to registered FPIs for participating in ETCDs|MintCoinbase's recent approval by Singapore's Monetary Authority signals the city-state's growing embrace of cryptocurrency. As Bitcoin (BTC) continues its bullish trend, backed by Marathon Digital's robust production, the rising star VC Spectra (SPCT) steals the limelight. Let’s explore what's happening in the crypto industry and learn more about this cryptocurrency for beginners.>>BUY SPCT TOKENS NOW<<SummaryCoinbase obtains an MPI license from the Monetary Authority of Singapore.Analysts say Bitcoin (BTC) might approach $28,500 at the end of October.VC Spectra (SPCT) attracts investors with its 82% surge promise.Coinbase Gains Key Singapore License for Crypto ExpansionOn October 1, Coinbase achieved a milestone by obtaining a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This allows the platform to extend digital payment token services, including top altcoins, to Singapore's retail and institutional clientele. Nana Murugesan, the VP of Internal and Business Development at Coinbase, views this as an endorsement and a duty towards Singapore's blossoming crypto and Web3 domain. With Singapore carving a niche as a pivotal crypto hub, Coinbase's introduction of tailored regional offerings underlines its ambition to solidify its international footprint.Marathon Digital Ramps Up Bitcoin (BTC) ProductionMarathon Digital Holdings experienced a 245% increase in Bitcoin (BTC) production in September 2023 due to their optimized Texas operations. Their upcoming facility in Garden City and a 20% hike in the U.S. hash rate showcase a promising Bitcoin future. Their Abu Dhabi partnership contributed an additional 50 BTC, bringing their total to 13,726 BTC by month's end.With assets totaling $471.2 million, Marathon solidifies its position in the market. Data indicates that the $27,000 mark is now a pivotal Bitcoin prediction topic, with many traders stressing its significance as a support level. The Bitcoin prediction suggests that although Bitcoin (BTC) traded around $27,500 in October, resistance is evident.When discussing the top 5 cryptocurrencies, experts highlight that Bitcoin's (BTC) recent surge could mean BTC network valuation is outstripping its transaction value, hinting at a potential price bubble. There's a consensus in the Bitcoin prediction sphere that the BTC might approach $28,500 at the end of October, with $27,500 as critical support, drawing more investors.VC Spectra (SPCT) Is the Epicenter of Decentralized Investment GainsWith its decentralized asset management protocol and trading platform, VC Spectra (SPCT) attracts investors in the fintech and blockchain fields among top crypto coins like Bitcoin (BTC). VC Spectra (SPCT) reached $0.044 due to overwhelming demand in Stage 3 of the public presale. As a result, Stage 1 SPCT participants have seen a whopping 450% return, while Stage 2 backers enjoyed a 300% gain.A unique selling proposition of VC Spectra (SPCT) is its dedication to democratizing access to the blockchain and tech industries. They're crafting a future where individuals can confidently invest in blockchain and technology sectors regardless of financial background. VC Spectra (SPCT) is designed to provide a rewarding journey for its investors, offering many benefits and dividends based on token holdings. VC Spectra’s transparent and strategic approach to portfolio selection and capital allocation enhances stakeholder value.New Stage 3 VC Spectra (SPCT) investors will witness an 82% surge when SPCT hits the anticipated $0.080 by the end of the presale. In addition, VC Spectra's enticing presale incentive, granting a 50% bonus on deposits, epitomizes SPCT’s dedication to rewarding early supporters.Learn more about the VC Spectra presale here:Presale: https://invest.vcspectra.io/loginWebsite: https://vcspectra.io Telegram: https://t.me/VCSpectraTwitter: https://twitter.com/spectravcfundCoinbase Authorized for Crypto Services in Singapore: Implications for Ethereum (ETH) and VC Spectra (SPCT)? For example, the biggest crypto exchange by trading volume, Binance, destroys some of its Binance Coins (BNB) every three months. Then some projects operate like a central bank. These projects employ both deflationary and inflationary measures to keep the value in check.

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The CryptoNight algorithm’s creation is fascinating and recalls the origin of Bitcoin. Its creator — who goes by the fictitious name of Nicolas van Saberhagen — disappeared, just like the famous Satoshi Nakamoto. With Federal Reserve interest rates at their highest level in 22 years, FRAX announced the launch of sFRAX — a staking vault meant to tap the corresponding hike in Treasury yields. 6 Ways to earn passive income from crypto in 2023This new MEV protocol, Manifold Finance claims, can redefine how value is captured and distributed within the Ethereum network, with the focus on providing the most optimal MEV revenue for validators. It aims to compete with the prevalent MEV protocol offered by Flashbots. Bitcoin’s layer 2 Lightning Network has seen an estimated 1,212% growth in two years, with around 6.6 million routed transactions in August, a significant jump compared with August 2021’s 503,000 transactions, according to data from the Bitcoin (BTC)-only exchange River. In an Oct. 10 report, River research analyst Sam Wouters explained the jump in routed transactions — which use more than two nodes to facilitate a transfer — came despite a 44% fall in Bitcoin’s price and considerably less online search interest.“‘Nobody is using Lightning’ should now be a dead meme,” Wouters said in an Oct. 10 follow-up X (formerlyTwitter) post, taking a shot at Lightning critics.“Nobody is using Lightning” should now be a dead meme.Launching a new #Bitcoin report from @River: How the Lightning Network grew by 1212% in 2 years ⚡It’s time to pay attention to the incredible work of so many people in the space Link below in the pic.twitter.com/FuGLwGHR4R— Sam Wouters (@SDWouters) October 10, 2023

According to a report by DappRadar, of the $297 million invested, the majority of these funds are being funneled into gaming infrastructure. Cryptoadz What country owns the most Bitcoin?If this happens, the nearest support level for the DXY is in the 104 area, which remains in confluence with the 0.382 Fib retracement level of the entire upward movement. On the other hand, the continuation of the uptrend may lead the DXY to the next area of resistance in the 108-109 range (red rectangle). Photo by Tingey Injury Law Firm on UnsplashLegal proceedings against Uniswap, a leading decentralized exchange protocol, took a turn today when a class action lawsuit filed against it was dismissed. Mike Wawszczak, a legal analyst, revealed that the judge presiding over the case — initially lodged by the US Securities and Exchange Commission (SEC) against Coinbase — found no grounds to proceed with the lawsuit against Uniswap. The verdict arrived after an extended legal process leading back to April 2021 that scrutinized the specifics of Uniswap's operations and their alignment with financial regulations.The Uniswap Class Action: Theories and DismissalThe plaintiffs' case against Uniswap was built on two main theories: the transfer of title theory and the solicitation theory.In the transfer of title theory, the plaintiffs argued that Uniswap, by writing and maintaining the smart contracts that enabled token transactions, effectively transferred the title of the tokens to them. The court dismissed this argument, stating that Uniswap's responsibilities in drafting the platform's contracts did not imply it had the title to the assets traded on the platform.The solicitation theory centered on the accusation that Uniswap had directly promoted and solicited tokens to the plaintiffs in order to increase the value of their UNI governance tokens. The court considered this theory implausible, stressing that the plaintiffs failed to provide substantial evidence to prove that Uniswap had actively solicited the purchase of a security for their financial profit.Unlike traditional legal cases that focus on particular individuals or companies, Uniswap operates as a collective entity spread across a global network of users and contributors. This unique structure adds to the challenges faced by the plaintiffs amidst the vague regulatory environment surrounding cryptocurrencies.Unveiling the Uniswap Class Action BackgroundAt the core of the Uniswap class action lawsuit was the allegation that the protocol conducted securities sales disguised as digital tokens. The plaintiffs claimed that this action violated securities laws, casting doubts on the regulatory status of the tokens distributed by the platform.Among the plaintiffs was Nessa Risley from North Carolina. She claimed to have incurred a loss of $10,400 in investments across EthereumMax, Matrix Samurai, and Rocket Bunny crypto assets. Her claims suggest that Uniswap may have failed to adequately analyze users and projects on its platform, potentially exposing investors to fraudulent activities.The allegations against Uniswap also included facilitating deceptive "rug pulls" and pump-and-dump schemes. Legal Precedent for Decentralized EntitiesThe dismissal of the Uniswap class action lawsuit might set a legal precedent for other decentralized entities facing similar allegations. The court's decision underscores the complexity of applying traditional legal frameworks to decentralized organizations like Uniswap. This could empower other decentralized finance (DeFi) projects to leverage their distributed nature as a defense against allegations of regulatory non-compliance or illegal activities.The dismissal also highlights the challenges that regulators face in overseeing the rapidly evolving cryptocurrency industry, particularly in the DeFi space. Traditional regulations may not always apply seamlessly to these new, decentralized models. The case could therefore serve as a catalyst for regulatory bodies to reassess and update their strategies, leading to the development of more tailored and effective regulatory frameworks for the cryptocurrency sector.The outcome of the Uniswap class action lawsuit might also impact investor confidence. While some investors may see the dismissal as a positive sign of the resilience of DeFi platforms, others might perceive it as an indication of the risks associated with investing in a relatively unregulated marketplace. Velodrome to Introduce Aerodrome DEX on Coinbase's Base Network

Cutler said then that Blocknative would continue in other core services. The company’s website lists products including mempool explorer, transaction simulation, Ethereum gas estimator and Polygon estimator. The Fed is likely to keep the rate steady on Wednesday as it tries to “maintain the balance between possible recession and high inflation,” said Ruslan Lienkha, chief of markets at Web3 platform YouHodler. What will Shiba be worth in 2025?The Federal Reserve’s decision to either raise or pause rates on Wednesday may not significantly impact the crypto market, according to industry watchers. However, insights from the US central bank about its overall view of the economy might. Where Are the Binance Rescue Funds?

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