How Much Passive Income Can You Make From Cryptocurrency Staking? - cyptoranking.com

2024-05-04

Popular crypto exchanges(2023 Update) 2024-05-04
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A Brazilian congressional committee has recommended local law enforcement move to indict Binance CEO Changpeng “CZ” Zhao and three other Binance executives following a probe into financial pyramid schemes in Brazil.On Oct. 10, the committee released a 500-page final report accusing Zhao and local Binance executives Daniel Mangabeira, Guilherme Haddad Nazar and Thiago Carvalho of fraudulent management practices, operating without sufficient authorization and offering securities trading without approval. In the report, the committee — led by Deputy Ricardo Silva — claimed that Binance, Zhao and others “set up an opaque network of legal entities, all controlled directly or indirectly by Zhao, without defined business purpose and with no other purpose than evading compliance with the law.”The report also recommended the indictment of 45 other people, citing “strong evidence” of alleged participation in criminal schemes, with those named linked to multiple crypto companies, including the travel firm 123milhas, the crypto scheme 18K Ronaldinho and others. The Binance CEO stands accused of multiple financial crimes. Source: Chamber of Deputies of BrazilSilva wrote that with Binance being accused of regulatory noncompliance in numerous other jurisdictions, in Brazil, Binance’s operations were “surrounded by suspicion.” The committee recommended the Federal Public Ministry launch an investigation into all of Binance’s Brazil-based operations with a specific focus on tax evasion, money laundering and the financing of organized crime and terrorism.Additionally, the committee recommended Brazil’s Securities and Exchange Commission (CVM) launch an investigation into Binance’s sale of derivatives products. The committee claimed that despite being told to cease derivatives products trading, Binance continued to offer them, which constituted a “repeated violation” of market regulations. Binance is already under investigation by the CVM for allegedly illegally offering derivative products in the country.The committee’s recommendations are not legally binding and are suggestions to local authorities. Police and other regulatory bodies will decide whether or not to move ahead with further action.Binance told Cointelegraph that it “remained committed” to collaborating with the committee and local law enforcement in Brazil.Related: Brazilian securities regulator plans sandbox for tokenization in 2024Binance said while it welcomed constructive debate about the challenges facing the crypto industry, it “strongly rejects the exposure of our users or employees with baseless accusations of bad practices and the attempts to make Binance a target.”The regulatory hostility against Binance comes amid a broader crackdown on the exchange by authorities elsewhere.In the United States, Binance is staring down two separate lawsuits from the local commodities and securities regulators, which allege that Binance and its top executives violated numerous financial regulations.In July, Australia’s financial regulator searched Binance Australia’s offices after having its derivatives license stripped months prior. In May, Binance made an exit from Canada, citing the country’s new regulatory controls.Magazine: Blockchain detectives — Mt. Gox collapse saw birth of ChainalysisCrypto advocates weigh on race for next US House Speaker By the way, each infraction of OFAC SDN is up to a $30 million fine and up to 30 years in jail, right? And each transaction can be considered an infraction. So it’s like infinite liability. We were put in a sort of a rock and a hard place situation where we couldn’t satisfy both. How Much Passive Income Can You Make From Cryptocurrency Staking?Crypto investment products saw inflows for the second consecutive week, totaling $78 million, crypto asset management firm CoinShares reported in its weekly analysis report on Oct. 9. The need for consistent standards and interoperability with the web 2.0 model complicates the transition to decentralized hosting.

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Source: metacene.ioMetaCene, the next-generation blockchain MMORPG, is a highly-anticipated game that has been built in China for nearly 2 years and $5 million - and it may soon come out.According to the team behind the game, MetaCene is building a "homeland for mass players." It will take users into a post-apocalyptic society where survivors interact with six primary in-game non-fungible token (NFT) types to "redefine civilizations." It pioneers player-centric entertainment, governance, and creation through its technology infrastructures, social guild decentralized autonomous organization (DAO) governance, and in-game editors, it said.The team added that,"Capturing the true essence of Web3, we transcend the ordinary by seamlessly combining the AAA aspirations of Web2 gaming with the revolutionary technologies of AI and blockchain." Per the roadmap, the team plans to conduct the second alpha test and launch the mainnet blockchain in Q3 this year.In Q4, they expect to launch the commercial version 1.0, followed by version 2.0 in 2024.Bloomberg argued that investors and crypto game makers are looking for a way to build a game "that doesn’t look like a vessel for sketchy financial speculation." According to creator Alan Tan,"The notion was that gamefi players were in it just for the money but not for the fun. But that was just because developers opted to focus on the ‘fi’ but not the ‘game’."Per Blomberg, MetaCene "has a long way to go, but the early reception shows that a solid game with a crypto element is better than a crypto economy with a game attached to it."Taking Transaction Cut, Planning to Raise MillionsMetaCene was founded in October 2021 by gaming veterans, with more than two decades of industry experience from Shanda Games, Blizzard, Perfect World, and others. The team, led by Alan Tan, includes Cary Chen, Lion Cheung, Owen Fung, and Last Chan.In August, MetaCene announced its alpha test as a limited-time event to allow players to explore three main areas of the game's world, meet each other, form guilds, complete quests, and earn rewards. Of the 2,961 players, some 90% engaged in Player vs Player (PVP) combat, the team said after the test was concluded. Players collectively played 461,916 minutes, made USDT 6,166 in transactions, and created 1,225 new addresses."It’s free-to-play, and some elements will feel like cash grabs," Bloomberg said. Also, the company will take a cut of each crypto transaction between players. It plans to raise an additional $8 million from venture capitalists to support development.The company is currently looking for game ambassadors.In August, the team announced the launch of its interactive user engagement system, the Metropolis Sentry, allowing players to complete tasks and collect rewards, including in-game equipment and NFTs that can be redeemed in the official game version. Currency is earned via crystal mining and can be done without players' active participation. ____Learn more:- NFL and Mythical Games Unveil NFL Rivals: The First Web3-Powered NFL Game- FarmVille Creator Zynga Introduces Ethereum NFT Game 'Sugartown'Adidas Unveils NFT Artist Residency with Plans for Physical Collaborations I wish peace upon you all; the planet at large. Until "The Shib" graces the stage in the next few weeks, pushing the spotlight to the community that wishes to bring a positive change to the world, be well. Digital Rupee is HAPPENING! India's own cryptocurrency ...But the fork isn’t all arbitrage, with at least one former holder fully exiting the project. 22 of the 62 Nouns joining the fork came from Patricio Worthalter, a longtime Nouns holder who fully closed his position after claiming 24 Nouns worth of treasury funds in the last fork. One of Worthalter’s soon-to-be-forked Nouns cost 113.33 ETH to acquire, worth around $357,000 at the time it was minted.3AC fire sale: Spencer Ventures to buy 144 Pudgy Penguins for ‘mid six figures’ “The extra juicy opportunities lie with projects that maybe haven’t seen any special price decouplings recently, yet have a surge in network growth, or whale transactions and accumulation.” He further added that these projects are “at minimum, likely to have some increased volatility due to extra activity that hasn’t existed on their respective networks in quite some time.”

The metaverse concept has gained popularity in recent years, but its roots may be traced back to science fiction literature and early virtual worlds. The metaverse is essentially a digital, interconnected cosmos in which people can engage in real-time with one other and digital environs. It is a seamless, immersive digital experience that combines augmented reality (AR), virtual reality (VR), blockchain technology, and the internet. We’re having a temporary issue with XRP trading. Our team is working to resolve the issue and will update you soon. Metamask To Allow Users To Buy And Transfer Ethereum ...A DeFi protocol that once attracted $22 million in total value locked (TVL) and boasted some of the industry’s top venture capital backers is shutting down operations. The BNB Chain Airdrop Marathon promises to be an exciting journey for both BNB Chain enthusiasts and newcomers, providing an opportunity to explore innovative projects and earn rewards while contributing to the vibrant BNB Chain community.

Daily chart for BTC/USDT (Source: TradingView) MACD exhibits the downside trend of MKR crypto price. The MACD line is below the signal line after a negative crossover. Investors in MKR crypto need to wait for any directional change over the daily time frame chart. Central Bank Digital Currency (CBDC)The fraudster will ask the victim about their crypto trading experience and even offer to coach them. The scammer may reassure the victim that they should try to invest if they are uncomfortable or to start small; after a small amount, which will likely result in profits, the victim will likely be enticed to invest even more. The daily timeframe readings are mixed, slightly leaning bearish.

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