Crypto firms will develop 'offshore' without clear US rules, Coinbase chief says - cyptoranking.com

2024-05-07

Popular crypto exchanges(2023 Update) 2024-05-07
Image: cyptoranking.com

The old Terra blockchain continues to operate, with its tokens being renamed Terra Luna Classic (LUNC) and TerraClassicUSD (USTC). “Liquid Staking is a groundbreaking concept in the blockchain and DeFi space. Traditional staking involves locking up your assets in a smart contract to secure a network and earn staking rewards. However, this process renders your assets illiquid, meaning you can't readily use or trade them. Crypto firms will develop 'offshore' without clear US rules, Coinbase chief says"ETH’s underperformance is likely due to the ongoing impact of the bear market, which historically has seen traders turn to BTC, the oldest and largest crypto asset. ETH spot trade volume has also stayed mostly flat over the past two months, only spiking above $2bn a handful of times," Kaiko's research team said in a weekly note to subscribers on Monday. — Weiss Crypto (@WeissCrypto) October 10, 2023

Exchange Rankings Crypto
Image: cyptoranking.com

Football fans speculating on sports-based crypto assets could cause financial harm to fans as well as hurt the reputation of football clubs, the committee said. FRAX is in the process of deploying a raft of “Frax v3” products, and today is launching sFRAX, or “staked FRAX,” alongside a bond product that converts to FRAX’s stablecoin on maturity. Frax founder Sam Kazemian told Blockworks that starting Monday, users will be able to deposit sFRAX and receive 10% yield — which would then shrink to around 5.4%, the Fed’s current IORB rate. Mastercard pushes deeper into crypto with new tool for combating fraudThe announcement comes just one month after the Web3 Foundation announced the appointment of a new CEO, Fabian Gompf, the former VP of Ecosystem Development at Parity Technologies. After FTX employees realized that the attacker had complete access to a series of wallets, the team declared that "the fox [was] in the hen house” and scrambled to keep the remaining funds out of the hacker’s hands.

Digital assets, particularly NFTs, are poised to become a cornerstone of the metaverse economy as they underpin the "play to earn" (P2E) gaming model, where gamers are financially incentivized to play. This model contrasts with traditional gaming, where in-game assets lack real-world value. P2E allows players to earn cryptocurrencies within games, trade NFTs with other players, and monetize them through smart contracts. According to the notification, traders must register their interest in the promo by opting in within the Uphold app. The exchange stressed the importance of the opt-in as only trades made after it will count towards accumulating entries into the draw. Chainalysis: The Blockchain Data PlatformAdvantages of Centralized Cryptocurrency Exchanges — Zach Bradford (@ZachKBradford) October 3, 2023

Binance Exchange announced the delisting of its XRP/BUSD in a blog post today. The news comes just days after XRP recorded its lowest transactional activity for 2023. Ethereum failed to settle above the $1,665 resistance zone. ETH started a fresh decline from the $1,665 resistance zone and dived below the $1,650 level. 11 Best Crypto Exchanges:2023 Reviews + ComparisonsWhile the firm has yet to solidify exactly how it will add NFTs or crypto tokens into upcoming games, NHN’s Head of Business Development Jine Lee told Decrypt via email that the company is currently exploring ways that gamers can send items to each other as NFTs, as well as the possibility of crypto token rewards. This allows the validators to process transactions ahead of schedule, which results in faster leader changeover and less memory strain; where unconfirmed transactions may occupy the validator node. Solana is capable of supporting 50,000 TPS, thanks to this protocol.

Have an opinion on this story? Share it!