Debunking the narratives about cryptocurrency and ... - cyptoranking.com

2024-04-30

Popular crypto exchanges(2023 Update) 2024-04-30
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Bitcoin.com News reported four days ago that despite this escalated difficulty height, bitcoin miners have not been discouraged, and the hashrate remains above the 400 exahash per second (EH/s) range. As of October 3rd, Bitcoin’s seven-day simple moving average (SMA) for hashpower is 412 EH/s, following the increase in difficulty. The move came a day after Binance had already allegedly sold approximately $530 million worth of FTT, triggering a 14% decline in the token’s price over 24 hours. Debunking the narratives about cryptocurrency and ...Source: Shiba Inu Twitter ETH technical analysis

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Source: Adobe / jirsakThe new Ethereum scaling network Layer N has raised $5 million in a seed funding round led by PayPal co-founder Peter Thiel’s Founders Fund and investment collective dao5.The funding round, announced by Layer N on Wednesday this week, also saw participation from several other notable crypto investment firms, including Kraken Ventures, Mirana Ventures, GSR and Amber Group.“We’re incredibly excited to announce our $5M seed round led by @foundersfund and @daofive, alongside other major funds and angels,” the team wrote in a statement on X.It added that the funding round marks the project’s “first milestone towards building Ethereum’s financial superlayer.”‘Ethereum’s financial layer’In a thread on X, Layer N brands itself as “Ethereum’s financial layer,” with low fees and high transaction throughput.The thread further described Layer N as “the first layer 2 network on Ethereum specifically designed for and to scale DeFi,” and said it “aims to rival existing traditional financial networks.”Ethereum’s base layer has for a long time struggled with high fees and slow transaction speeds, offering an incentive for developers to build layers on top of it that are better suited for decentralized finance (DeFi) applications.Founders Fund’s increasing crypto focusPeter Thiel’s Founders Fund stood for $1.8 million of the total amount raised in Layer N’s funding round, the team behind the project confirmed to The Block.The investment from Peter Thiel’s fund came after it in April hired at Pantera Capital’s former co-chief investment officer, Joey Krug, as a partner.Peter Thiel has long been a proponent of Bitcoin (BTC) and crypto more broadly, and reports have even indicated that he may have crossed paths with Satoshi Nakamoto in Aguilla more than 20 years agoThiel’s fund also made headlines early this year when it became known that it had realized more than $1 billion in profits from selling off the vast majority of its crypto holdings shortly before the market crashed.Major Crypto Theft: $24 Million Drained from Ethereum Wallet in Phishing Scam Responding to this call, the OECD introduced a new global framework in October, known as the Cryptoasset Reporting Framework (CARF). Could blockchain be your next big career choice?sFRAX is partly the fruit of FRAX’s August partnership with FinresPBC, which connected FRAX with Kansas City-based Lead Bank to open a brokerage account and begin purchasing Treasury Bills. Giveaway: PrimeXBT Gives Away $20,000 in Bitcoin, and Anyone can Participate

— Arthur Hayes (@CryptoHayes) October 4, 2023 A federal judge sent BlockFi and Three Arrows Capital lawyers into mediation to try to settle a dispute over $284 million in payments to BlockFi. Philippine SEC Warns Against Crypto SchemesUltra aims to provide more autonomy and monetization possibilities for gamers and developers, where players can earn rewards for their gameplay and developers can monetize their creations. Crypto risk management firm Elliptic revealed the total amount of illicit funds laundered through decentralized exchanges (DEXs), cross-chain bridges, and coin swap services has soared to $7 billion.

The screenshot below shows that the Base TVL has increased by 24.73%, and it currently around $555 million. However, this picture doesn’t tell the complete story. Smart contracts, a revolutionary technology, have their branches spread across the different industries in this world. It’s time to unveil the applications of smart contracts: Analysis-Dark markets may be more harmful than high- ...Currency Source; PixabayMany US-based crypto firms have been keen on expansion moves amid heightened regulatory uncertainty in the United States.The latest firm to announce its expansion plans is the crypto investment subsidiary of VC Andreessen Horowitz, a16z crypto.The firm announced its plans to launch its first international office in London a few days following the US SEC lawsuit against two top cryptocurrency exchanges. The crypto firm hinted at the US' extreme regulatory atmosphere as the reason for its move.Expansion Moves Amid Heightened Regulatory UncertaintyThis development comes a month after a16z crypto’s “State of Crypto” report on the declining crypto-related activity in the United States. Even though the firm did not expressly mention the regulatory war against crypto as the driving factor of its expansion move, its statements pointed toward the fact.It noted that "crypto can only thrive with a clear regulatory regime that provides an open pathway for startups while protecting consumers from fraud and manipulation.” Notably, the UK has become more attractive to crypto firms following its moves to secure a legal framework for crypto. Crypto companies like Coinbase and Ripple have already moved to open new offices in London following the ongoing regulatory strive in the US.In its "State of Crypto" report, a16z crypto noted that banning new business models or technologies compromises American values and drives innovation and jobs overseas. The company is not the first to issue such a report. Coinbase, Ripple, Binance, and other crypto-focused firms, including top industry leaders, previously raised similar concerns.In the latest announcement, a16z noted the drawbacks caused by the "casino culture" that now exists in the crypto industry. The firm said it is cooperating with policymakers and regulators across the globe to address the issue."We need regulatory frameworks that facilitate decentralization, not impede it,” said a16z’s leader, Chris Dixon. "UK policymakers and regulators are taking an approach uniquely tailored to blockchain and digital asset regulation, He added."Jack Dorsey-Backed Nostr Platform Collaborates with Zebedee to Create New Social Media Later – How Does it Work?

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