Is crypto trading allowed in Australia? - cyptoranking.com

2024-05-03

Popular crypto exchanges(2023 Update) 2024-05-03
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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 While There are Many Strengths in the Polygon Network, it Does Have Some Weaknesses: Is crypto trading allowed in Australia?Morpho Blue externalizes risk management and allows institutions to integrate it into their own risk and compliance management systems. The Bitcoin halving cycle narrative is starting to bubble up with around six months to go before the big event. Analysts are starting to switch to more positive sentiment for the long term in what has been a long-drawn-out crypto winter.

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Undoubtedly, VCs have also been ditching crypto investment due to the AI hype. For example, SoftBank, the Japanese investment giant, has been aggressively investing in AI startups, diverting away from crypto investments. “Now that an NFT has its own account address, it could be a signatory on a multisig, it could have its own ENS subdomain. It’s like giving an NFT a passport” Bitcoin's Privacy Problem-And What Cypherpunks Are Doing to Solve ItAggregate data from the Order Books of 16 recognized exchanges confirms that sell orders now dominate the SHIB spot markets. This confirms the narrative the recent exchange supply spikes could intensify selling pressure. Last month, Lace's usability saw an expansion with the addition of the multi-staking feature, which allows users to delegate their ADA to multiple stake pools, further decentralizing the ecosystem.XRP Healthcare Targets African Revival: Listings, Partnerships, and NASA Tech in Focus

#ETH open interest has increased since the start of September.Funding rates remain neutral to negative, suggesting the market lacks direction. pic.twitter.com/EHESMQMncw The most-recent demonstration comes just one day after Meta unveiled its answer to ChatGPT, revealing its newest AI assistant Meta AI, which is integrated across a range of unique chatbots, apps and even smart glasses. Bitcoin Price and Ethereum Prediction: US SEC Lawsuit, FTX Bankruptcy, and BitGo Updates UnveiledThe game, which uses non-fungible token (NFT) technology, was first introduced on the Ethereum blockchain. To expand, Sky Mavis, the game’s developers, developed a layer two (L2) chain named Ronin. The rollout of Ronin finished in February 2021, and by April of the same year, all Axie NFTs transitioned from Ethereum to Ronin. Web3 gaming has become one of the hottest trends in the tech world, and not without a good reason. Using blockchain technology to give more control to gamers turned out to be a fascinating idea and catapulted Web3 gaming to the main stage of Web3 space.Web3 gaming applies key principles of blockchain technology - including decentralization, true ownership and community - to video games. Blockchain has enabled the creation of concepts such as play-to-earn (P2E), nonfungible tokens (NFTs) and more to cater to the needs of true players who don’t want to escape exploitation by the Web2 monopoly.The fast growth of Web3 gaming, however, makes it hard to track the most promising projects and chart the map of the blockchain-based gaming ecosystem. To provide a reliable perspective on Web3 gaming, Cointelegraph Accelerator has partnered with Cipholio, Animoca Brands, Blockchain Gaming Alliance, Metaera and The Sandbox for the next Gaming Demo Day, slated for Oct. 12 at 2 pm UTC.Gaming Demo Day: For investors, developers and gamersBy joining Gaming Demo Day, startups can introduce their projects and present their ideas to an engaged audience of interested parties eager to hear about new games, including investors. Developers can capitalize on the opportunity and leverage the event to gain exposure to potential investors actively seeking projects to support.What’s more, investors attending Gaming Demo Day gain early access to promising projects, enabling them to identify and support projects with high potential. Investors get the chance to witness developers in action and research their potential clients. The “X factor” of the new projects introduced during the event can be measured through the audience's live reaction. These opportunities combined provide direct feedback and ease the process of making investment decisions.The Web3 startups scheduled to present their groundbreaking projects throughout the event are:ChallengeChallenge is a decentralized multi-chain tournament platform where gamers can compete against each other, host tournaments and earn rewards. The platform’s reward protocol ensures active participants receive a share of the tournament revenue. Challenge’s software development kit (SDK) facilitates the integration of both Web2 and Web3 games, enabling on-chain tournaments.JR StudioJR Studio is a platform designed to empower game creators with the tools they need to create, host, launch, manage and grow their games and communities. The platform serves as a gateway from traditional gaming into Web3 gaming by providing true ownership and effectively managing technical aspects like blockchain integration.The wait is over! 🎮 🚀The Game Hub Beta is officially live 👉 https://t.co/UhZAbke1XeExplore the future of #web3gaming - Dive in, get hands-on with the platform, and let us know your feedback using #GameHubBeta. pic.twitter.com/AbCe9tH2C4— JR Studio | Gaming Platform (@JRStudio_) September 21, 2023SuperSnappySuperSnappy is a cross-platform messaging app with a social network and a gaming portal that allows users to play games. The social network, which boasts 3D avatars, pets, spaces and NFTs, enables users to smoothly transition between games and create profiles featuring friends lists, feeds, achievements and digital assets.Super Snappy chooses Polygon for it's layer 2 blockchain integration, in historic milestone to bring Web3 gaming to the masses#SuperSnappy is the Social Gaming Platform to Play With FriendsJoin the Discord https://t.co/SEPwpArjiA#onPolygon @PolygonGaming pic.twitter.com/i3sytj9r5Y— Super Snappy (@supersnappy_io) June 13, 2023IsotopicIsotopic is a software distribution service that utilizes blockchain technology to advance the metaverse towards a sustainable Web2.5. The service also hosts the first decentralized cross-platform game store.Worlds BeyondWorlds Beyond is a creator platform that lets creators craft immersive virtual experiences fueled by the power of artificial intelligence (AI). The platform aims to become the definitive Web3 destination and aspires to be the Roblox of Web3 for grown-ups.🌍 Explore or create new adventures with #WorldsBeyond our #AI Powered Social Creator Platform 🎮🤖🏞️ World Builder for diverse maps🎮 Customize game logic templates🕹️ Single & multiplayer modes💡 Embrace your creativity🤑 Monetise your creationsYour World Awaits #UGC pic.twitter.com/ck0A3I530I— Worlds Beyond (@WorldsBeyondNFT) September 27, 2023The UnfetteredThe Unfettered is an AA-quality story-based Web3 action RPG game with elements from the soulslike genre. The team is dedicated to presenting an immersive adventure that provides true ownership to players using virtual assets.MetaFightMetaFight is a digital trading card game and social entertainment platform for fighting sports. The platform stands as the world’s premiere globally-licensed gamified platform for mixed martial arts, featuring collectibles of fighters.The first fight of the night is about to kick off! 🥊🔥 #PFLParis pic.twitter.com/nHlebROWTT— MetaFight (@MetaFightOff) September 30, 2023Investors, gamers, and startups who want to witness exceptional projects, explore investment opportunities and build connections within the Web3 gaming industry’s key players in a single place can mark their calendars for Oct. 12 to be a part of the Gaming Demo Day.Registrations are now open for investors who wish to secure their spots at this exclusive event. Attendees can guarantee their place in the event and become a part of the flourishing blockchain community by registering here. One of the startups attending the event will also receive a 12-month basic membership to the Blockchain Gaming Alliance after pitching their projects to frontrunning industry backers. Check out the registration page here.

The data indicates that 64% of the trading volume in these futures instruments comes from ETFs that provide exposure to Bitcoin (BTC) and Ether futures. VanEck's products are listed on the Chicago Board Options Exchange (CBOE), while Proshares and Bitwise have chosen the New York Stock Exchange for their listings.Despite the initial disappointment, Ethereum enthusiasts are pleased with the ETFs as they have created a fully regulated investment vehicle for institutional investors who previously lacked access to cryptocurrency markets.UBS picks the Ethereum network for its tokenization projectOn Oct. 2, Swiss bank UBS announced the launch of a live pilot for tokenized real-world assets (RWA) on the Ethereum blockchain. This initiative, led by Singapore's central bank, involves UBS Asset Management issuing tokens representing shares of a money market fund.This event further validates investor confidence in the Ethereum network's smart contract processing capabilities and security, which has contributed to the positive momentum in Ether's price. The growing use cases for Ethereum justify a higher valuation for its native token, as it is essential for conducting transactions on the network.Grayscale requests conversion of its Ethereum Trust (ETHE)Crypto asset manager Grayscale has submitted an application to the U.S. Securities and Exchange Commission (SEC) seeking approval to transform its Ethereum Trust into a spot Ethereum ETF. Grayscale's Ethereum Trust (ETHE) was initially launched in March 2019 and currently boasts a net asset value of $4.9 billion, equivalent to 2,981,563 ETH held within its structure.Investment trusts, such as ETHE, are legally organized as companies and are categorized as "closed-end funds." Consequently, the availability of shares is restricted, with their price largely determined by supply and demand dynamics. As a result, the creation of ETHE shares is not easily achievable, and there is no active redemption program in place. This situation often leads to significant price disparities compared to the underlying value represented by the ETH fractions held by the trust.Short liquidations push Ether’s price to $1,755Ethereum's price increase on Oct. 1 coincided with short liquidations totaling $23 million in Ether futures contracts, while only $2.4 million worth of long positions were liquidated during the same 12-hour period.ETH total 12-hour liquidation chart, USD. Source: CoinGlassShort sellers were forced to close their positions by purchasing futures contracts at any price, leading to a momentary spike to $1,755 on Oct. 1, marking the highest level in 45 days.It's important to note that the subsequent correction to $1,680 on Oct. 2 triggered the liquidation of $10.8 million worth of long positions, contributing to the market volatility.Ultimately, Ethereum bulls have reasons to feel more optimistic, as a new avenue for investment through traditional stock market brokers has emerged, along with the increasing potential for real-world asset tokenization on the Ethereum blockchain.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. ETH fees are recording the lowest levels seen in 2023, with traders growing impatient over price. What is the difference between a stock market and a derivatives market?It is worth mentioning that the website now redirects the users to relayx.io, one of the competitors of Ordswap. Google displays the following warning message when users try to visit the Ordswap website: Foster innovation and collaboration in the blockchain ecosystem by supporting various decentralized applications and use cases that leverage Radix’s smart contracts and interoperability features.

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