Derivatives decentralized exchange dYdX to open its own chain on Cosmos - cyptoranking.com

2024-05-14

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The Deloitte report noted that 37% of fans familiar with NFTs see them as a fad in the sports realm. About 32% see them as an investment, while 24% view sports-related NFTs as something fun to express fandom. The world of online gaming, often referred to as iGaming, has undergone a remarkable evolution thanks to the integration of blockchain technology. Derivatives decentralized exchange dYdX to open its own chain on CosmosTo some extent, the Ethereum Foundation has played a huge role in driving ETH price down by acting as the basis for Fear, Uncertainty, and Doubt (FUD). This happens when it makes any form of selloff. Critics have even pegged these selloffs as a lack of faith in the protocol, with large-scale dumps usually following these targeted selloffs. Only seven of the listed companies, or 24.1% of the 29, are developing blockchain games.

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Binance-spearheaded Industry Recovery Initiative (IRI), a co-investment project aiming to support the cryptocurrency industry in the aftermath of the FTX collapse, may not have been as effective as desired, a new report suggests.After announcing the IRI in November 2022, Binance spent $15 million in its Binance USD (BUSD) stablecoins out of its total commitments of $1 billion in BUSD, Bloomberg reported on Oct. 10. Binance subsequently moved the remaining $985 million of the pledged BUSD back to its corporate treasury, planning to use it for investments. In March, Binance converted these funds from BUSD to cryptocurrencies like Bitcoin (BTC), citing growing regulatory concerns around stablecoins.Apart from Binance, the IRI had collected an additional $100 million in contributions from 18 organizations by the end of February 2023, including Animoca Brands, Aptos Labs, Jump Crypto, Polygon Ventures and others.Three months after launch, the IRI funded 14 projects, Binance claimed, without disclosing the names of the companies that received funding. The only publicly declared expense from Binance’s $1 billion IRI commitment was the exchange’s acquisition of the South Korean crypto exchange Gopax, announced in early February.According to wallet data collected by Bloomberg, the IRI has invested less than $30 million since its inception last year. Among nine named participants, only DWF Labs and Binance-backed Aptos had spent at least some of the committed funds.Related: New book reveals Binance CEO CZ rejected SBF’s $40M request for futures exchangeIt’s unclear whether the IRI is still working to support cryptocurrency projects, as its Google Docs applicant form is still active.Binance did not immediately respond to Cointelegraph’s request for comment.Transactions associated with Binance-spearheaded Industry Recovery Initiative as of Oct. 9, 2023. Source: BloombergThe IRI’s high capital commitments versus its actual contributions come as the cryptocurrency industry scrambles for funding.The quarterly amount of cryptocurrency-related venture funding has plummeted as much as 70% from Q3 2022, the blockchain analytics firm Messari reported on Oct. 5. According to the report, crypto VC volumes in Q3 2023 amounted to just around $2 billion, down from the all-time high $17 billion in Q1 2021.Magazine: Deposit risk: What do crypto exchanges really do with your money? Speaking to Cryptonews, Lavecky explains why an Australian CBDC is “some years away,” as confirmed by the Reserve Bank of Australia (RBA) in August. He also stresses on addressing challenges including legal, regulatory and operational, before considering a CBDC launch. Cryptocurrency Price Prediction using ARIMA ModelAccording to the data, liquid staking is the dominant DeFi category, with $20 billion in total value locked. Among the top five categories were liquid staking, lending and borrowing protocols, decentralized exchanges (DEX), bridge protocols, and collateralized debt positions (CDP). But this latest solution was designed to eliminate third-party risk and give account owners exclusive control over their funds, Wirex CEO Pavel Matveev told Blockworks in an email.

The Shiba Inu burn mechanism, SHIB burn, simply refers to the process of burning SHIB tokens. The burning process is achieved through a combination of manual burns and an automatic mechanism integrated into the Shibarium network, Shiba Inu’s own blockchain. The key driver behind this surge was a remarkable 508% increase in their installed hashrate, rising from 3.8 exahashes per second (EH/s) in September 2022 to an impressive 23.1 EH/s. Marathon Digital's CEO, Fred Thiel, expressed satisfaction in reaching their goal of 23 exahashes on an installed basis and revealed plans to expand into locations with low-cost renewable energy sources to further boost their mining capacity. How do Dex's make money?As the business landscape of digital assets continues to expand from traditional use cases for NFTs to the tokenization of real-world assets, mainstream and luxury brands are also taking advantage of this technology. NFTs offer brands a new way to engage with consumers and provide additional real-world benefits, rewards, and experiences. ASICS, a renowned athletic shoe brand, launched a large-scale brand loyalty program on the Solana blockchain, leveraging NFT technology to excite and energize the company’s core audience. Nike, Doritos and hundreds of other brands are finding ways to leverage Web3 and NFT technology to appeal to a new generation of consumers driven not by speculation but utility. Magazine: Web3 Gamer: Minecraft bans Bitcoin P2E, iPhone 15 & crypto gaming, Formula EJOE Sinks as Retailer Trader Joe’s Sues Namesake DEX

Weekly chart for ETH/USDT (Source: TradingView) Today in Crypto: Avant Arte & Yuga Labs Set to Bring 10,000 CryptoPunks Into the Physical Realm, Pfizer-backed VitaDAO Launches Biotech Firm for Longevity Experiments on Animals Most Important Crypto regulations in IndiaContract Selection: After deciding on a provider, users must select a mining contract that meets their needs. These contracts describe the amount of hashing power, the length of the contract, and the cryptocurrency to be mined. Retired players turned broadcasters include quarterback greats Peyton and Eli Manning, who broadcast “Monday Night Football” games on ESPN together. The brothers launched an NFT artwork series in April 2021, while Peyton invested in sports and entertainment NFT startup Candy Digital later that same year.

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