6 Ways to earn passive income from crypto in 2023 - cyptoranking.com

2024-04-25

Popular crypto exchanges(2023 Update) 2024-04-25
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On the Empire podcast (Spotify/Apple), Larsen explains that the Ethereum network — the overloaded backbone of early DeFi innovations — “got bloated really quickly. Transaction fees were through the roof,” he says. Why Is Cryptocurrency Popular? 6 Ways to earn passive income from crypto in 2023In September, CCData, a crypto research firm, reported a 28.4% decrease in stablecoin trading volume on centralized exchanges, amounting to $331 billion. This marked the lowest monthly total since July 2020. However, the hacker has recently been using a more sophisticated method to obscure the transfer of the illicit assets, said Brooks.

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Increases Efficiency – Automation is one part of the smart contract, as it automatically executes contracts according to the terms of an agreement. Traditional contracts require people to type in the manual data or require the middleman to process the transaction, but the smart contract does not require any such step, reducing the time and effort and improving overall efficiency. Polygon 2.0 is a network of ZK-based layer-2 chains, unified via a novel cross-chain coordination protocol. Polygon’s 2.0 scaling technology was unveiled in June 2023 as a plan for a scaling ecosystem consisting of four layers: staking, execution, interoperability, and proving. Each of these layers contributes to creating an interconnected ecosystem of chains that facilitate secure, fast, and extremely cost-effective transfers. How much do crypto traders make?“It’s very Hong Kong,” she told Decrypt, explaining that the kiosk idea is derived from Japanese sticker selfie booths that are integral to broader Asian culture. “They’re really fancy with hundreds of different themes; teens go there with their friends and take selfies which they can either [post to social media] or print out as stickers.” Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.Image credit: Koy Network.The Koy Network is making revolutionary moves in the financial services industry in Africa, with a blockchain-based platform for remittance and financial services. These key developments are setting Koy Network apart from the competition, enabling efficient, secure, and low-cost transactions for Africans everywhere. Targeting an area typically underserved by traditional banking services, Koy Network is providing much-needed operating systems moving us toward a collective future.The Koy Network was named for the colorful woven kikoy cloth of Kenya, representing the transformation of the economic and digital fabric of African life. The Koy Network is positioning itself to accelerate financial inclusion, by lowering the barriers to entry for payments service providers, that have been priced out of available turnkey solutions.Richard Erikodi, CEO of Koy Network, stated that the company leverages its contextual knowledge, deep domain expertise, proprietary platforms, vast partner ecosystem, and future-ready talent pool, to help enhance its digital capacity across the continent.The Koy Network vision is set on a comprehensive approach to innovative development, and shall span the following areas:Integrating WEB3 technologies into financial services like Payments as a Service (PAAS) and Remittances as a Service (RAAS), will help small businesses thrive. Leveraging blockchain and decentralized technologies will help facilitate a global reach with faster transactions and more working capital available.Lowering the barrier to accessing financial tools is raising up small businesses across Africa, and it is a strategy Koy Network will use to lift up companies worldwide. The intention set in Africa, has already accomplished an astonishingly substantial result.57% of Africans are unbanked, and Koy Network will draw them toward a more beneficial future by providing them with the resources they need. Overall, businesses, investors, and governments, can all benefit from the services Koy Network provides, and with a win-win-win strategy, we are sure to see expansion soon.Douglas Horn, CTO of Koy Network, stated that the close partnerships Koy Network is actively building with the African governments at state and national levels, is truly unique. Other blockchain projects fear government regulation or accept collaborations begrudgingly, but Koy Network takes a different approach. They position themselves where their work benefits all parties involved, therefore creating an atmosphere destined for success. By scaling this approach, Koy Network aims to bypass entrenched banking and financial services systems already in place, providing access to financial tools and resources to more Africans than ever.Koy Network is tackling obstacles that cripple many crypto projects. Many have no revenue model that brings outside money beyond the token itself, and the token’s only intended purpose is to raise startup funds. Koy Network has gone far beyond that with the KOYN token, intended to solve a clear and present problem of liquidity inefficiency. This purpose is most beneficial in financial climates operating with more than three or four main currencies. The expected expansion of Koy Network will inevitably focus on helping territories falling under those parameters first.There is a fixed supply of 1 Billion KOYN at this time. Use fees are aimed at under 1%, priming the company to generate income while increasing economic activity across the continent. No inflation is necessary to operate and grow the system, since there is outside income supporting the token from the start of its implementation. KOYN is not just another cryptocurrency. It is an innovative option working to eliminate all the shortcomings holding back other crypto tokens, and governments in Africa and elsewhere are taking notice.Soon, Koy Network will be running in more areas, increasing options for people. Enhanced accessibility to financial resources is making a global impact, and the potential for unprecedented improvements is limitless. We look forward to seeing Koy Network’s future developments and expected expansion so more people can benefit from those services.Top 3 Price Predictions: Bitcoin, Ethereum, and eTukTuk Forecasts for 2023

Bitcoin Lightning Network Transactions Have Surged 1,200% in Two Years: Research Ether annualized burn, issuance and supply, 30 days. Source: ultrasound.money Can I Buy Crypto With a Credit Card?Source: TradingViewThe XRP price has dipped by 2% in the past 24 hours, sliding back down to $0.522666 after rising in the wake of a federal court's denial of the SEC's motion to appeal the July ruling in its case with Ripple.XRP is now up by 4.5% in the past week and by 4% in the last 30 days, with the altcoin also having risen by 54% since the beginning of the year.This week's denial of the SEC potential appeal has left XRP in a strong position, solidifying the positive sentiment that emerged when Judge Analisa Torres ruled in July that the token is not, in and of itself, a security.And with the market also showing some signs of recovery earlier this week, XRP could be in for some big gains in the near future.XRP Price Prediction as $1 Billion Pushes XRP Above $0.50 Resistance – Here's the Next Level to WatchXRP's chart is in a mixed position, with its technical indicators neither particularly or particularly weak.Source: TradingViewOn the one hand, XRP's 30-day moving average (yellow) is still substantially below its 200-day average (blue), indicating that the coin remains oversold and so – in theory – should bounce back soon.On the other hand, the coin's relative strength index (purple) is sinking down from 60, and could either fall further or resume rising again soon enough.Weighing in favor of a more positive conclusion is the fact that XRP's support level (green) has risen steadily in the past few weeks, implying that the altcoin won't be falling much further anytime soon.It will, therefore be highly instructive to see whether XRP can resist a drop below its current support of around $0.51: if it can avoid such a fate, it may resume bouncing back soon enough.Either way, XRP's fundamentals received some much-appreciated reinforcement this week when Judge Analisa Torres denied the SEC's application for an appeal on certain aspects of her ruling from July.This appeal would have focused on programmatic sales of XRP (by Ripple) on exchanges, with Judge Torres originally ruling that such sales were not in violation of securities rules, because buyers had no reasonable expectations of profits arising from Ripple's efforts.And she has upheld this ruling once again, saying that there's no "substantial ground for difference of opinion" in the particular matter, leaving the SEC at a loss for how to proceed.This is a big win for Ripple, leaving it in a better position to continue expanding its business, something which can only benefit XRP.Accordingly, XRP is likely to rise to $0.60 in the next couple of weeks, before possibly hitting $0.75 by the final month of the year.New High-Return AltcoinsDespite XRP arguably being one of the strongest tokens in the market right now, much of its potential appreciation may be dependent on the market becoming more bullish overall.As such, traders looking for above-average gains right now would be better off looking to newer tokens that are still yet to have initial growth spurts, with presale coins, in particular, fitting this bill.Possibly the most exciting presale happening right now is that of Meme Kombat (MK), a new gaming platform that will AI-generate battles between meme characters and enable users to wager on their outcomes.The platform has already raised in excess of $300,000, a strong figure in view of how its sale has been open for barely two weeks.Yet this shouldn't be surprising, since what Meme Kombat is building is very novel within the cryptocurrency sector, given that no other platform launched to date has ever offered a platform for betting on computer-generated meme fights.This may seem like an unusual premise to some, but in a year when new meme tokens have often led market rallies, it's clear that Meme Kombat is tapping into a strong current within crypto.Promisingly, its native MK token will have a hard cap of 12 million MK, which is a very low figure in comparison with some meme tokens, and which should make the coin deflationary.50% of this supply will go to the presale, with another 30% going towards battle and staking rewards, something which should ensure a high level of engagement with the Meme Kombat platform.The token will cost $1.667 for the duration of the sale, which investors can participate in by visiting the official Meme Kombat website.And given that some meme token presales (e.g. Wall Street Memes) have resulted in big post-listing rallies, it's very likely that MK could be the next new meme coin to go large.Visit Meme Kombat NowDisclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.Solana Price Prediction as $500 Million Trading Volume Comes In Amid Sam Bankman-Fried Trial – Which Way Will SOL Go? ご予約は10/16(月)11時～

The 2-Day Printing Extravaganza While proponents of decentralized exchanges champion the benefits of their peer-to-peer systems, DEXs have become a tempting target for cybercriminals. Report: Bitcoin trading at $38000 in Nigeria, as Africa's biggest economy in turmoilHere Are 5 Games Building on Ethereum Scaler Immutable zkEVM Despite the inherent volatility within the crypto market, a considerable number of financial experts have been attracted to the sector and have chosen to continue their association even after market corrections.

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