Is cryptocurrency real money? - cyptoranking.com

2024-04-27

Popular crypto exchanges(2023 Update) 2024-04-27
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Disclaimer: Sally Ho’s Technical Analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.Bitcoin Flashing Signs of Returning Strength Amid Tumultuous Macro Backdrop, Says Lead Glassnode Analyst Announcing on Twitter, Changpeng Zhao, the CEO of Binance, shared that his team has upgraded the Proof of Reserves system with zk-SNARK. Binance claimed that the PoR system upgrade was done with the motive of keeping your sensitive information more secure and private. Is cryptocurrency real money?UK Committee Rejects Crypto Fan Tokens in Sports as Valid Engagement Metric One of the barometers the cryptocurrency world’s rising legitimacy is the influx of applications for spot Bitcoin (BTC) and Ethereum (ETH) exchange traded funds (ETFs). Turpin suggests that such movements could be viewed as third-party endorsements of the digital currency sector.

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The operator of the Hong Kong Stock Exchange (HKEX) has launched an upgraded settlement platform for Stock Connect, which links the exchanges of Shanghai and Hong Kong, modernizing its system of handling transactions. Immutable X and the upcoming Immutable zkEVM are both Ethereum scaling networks, and they support crypto games like Immutable’s own Gods Unchained and Guild of Guardians, along with Illuvium, MetalCore, and Cross the Ages.72.5% of the Top Video Game Companies Have Ventured Into Web3 Chingari's social crypto token GARI now listed on CoinDCX cryptocurrency exchangeSource: TradingViewThe XRP price has dipped by 0.5% in the past 24 hours, as cryptocurrency and financial markets continue to be undermined by rising bond yields and wider economic instability.XRP remains up by 2% in the past week, however, as well as by 4% in the last 30 days, following this week's good news that Judge Analisa Torres has denied the SEC's bid to appeal against her July ruling in the regulator's case against Ripple.As such, XRP remains up by 53% since the beginning of the year, with the coin's ongoing medium-term momentum likely to help it rally again in the coming days and weeks.XRP Price Prediction as XRP Seeks to Breach $0.55 Level – Is the Path to $1 by End of 2023 Clear?XRP's relative strength index (purple) has stabilized around the 50 mark, meaning that it has stopped falling and could be about to bounce back up again towards 70 or higher, meaning more price rises.Source: TradingViewAt the same time, XRP's 30-day moving average (yellow) has begun climbing very gently towards its 200-day average (blue), a move which suggests that the altcoin is due to rebound very soon.As with many other major tokens, XRP's support level (green) has risen consistently since early September, creating the impression that it has mostly done falling for the year and should begin rising as 2023 draws to a close.How far XRP will rise will depend on its ability to crack the $0.55 resistance level, although the coin's undervaluation right now should mean that it achieves this soon enough.Such an analysis is also supported by recent happenings related to XRP, with this week's decision from Judge Analisa Torres providing a big win for Ripple and big setback for the SEC.Specifically, Torres dismissed the SEC's request to appeal her ruling that Ripple's programmatic sales of XRP were not securities.The federal judge said in her latest decision that there's no basis for a material difference of opinion from her previous ruling, meaning that an appeal is unnecessary and unwarranted.It's not clear what the securities regulator will do next, yet its inability to appeal means that it will have to wait for the full trial on certain remaining issues (e.g. whether Ripple execs Garlinghouse and Larsen knowingly violated securities law), which is not due until April 2024.And given the SEC's failures so far in the Ripple, there's certainly no guarantee that will success in next year's trial, or any appeal that may come afterwards.As such, XRP remains in a good position fundamentally, with Ripple continuing to grow its cross-border transfer business, and with the company also in the process of signing new partnerships.For this reason, XRP can be expected to rise to $0.60 in the next few weeks, and to reach $0.75 or higher by the New Year.New-Altcoin RalliesXRP remains in a good position, but for traders looking for above-average returns in a shorter space of time, newer altcoins may be the way to go.The best new altcoins can often outperform the market by a big margin, particularly if they haven't yet had their initial growth spurts.This is especially the case with presale tokens, with one of the most interesting new sales happening right now coming from TG.Casino (TGC), a decentralized casino platform that is harnessing the social power of popular messaging app Telegram.Its presale was launched only a couple of weeks ago and has already raised just over $450,000, providing a clear signal that investors are already eager to jump on the project's bandwagon.Aside from offering an exhaustively wide selection of games and gambling experiences, TG.Casino will have a big presence on Telegram, which it will use to tap into pre-existing communities of investors and gamers.This harnessing of Telegram should help TG.Casino to grow quickly in terms of its userbase, with the project already having launched its platform a few weeks ago.That native token TGC will be necessary to play TG.Casino's games will provide the coin with real utility, while demand for the token will also be increased by the fact that it can be used for staking.It will have a hard cap of 100 million, with 40 million set aside for its presale, 20 million going to staking rewards and 10 million to gaming rewards, making the token highly decentralized.Investors can join TG.Casino's presale by visiting its official website and connecting their software wallets.1 TGC will cost $0.125 for the whole sale, yet the platform's fundamentals could mean that its price rises much higher once it lists on exchanges.Visit TG.Casino 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.Ethereum Price Prediction as ETH Faces Uphill Task in October 2023 – Can the $1,665 Threshold Be Breached? The partnership between Radix and Hacken aims to provide better access and usability of blockchain data for Web3 developers.

Brazil’s Congress wants Binance boss Changpeng “CZ” Zhao and other exchange executives put up for indictment. Meanwhile, Binance froze Hamas-linked accounts on Israel’s request and Sam Bankman-Fried’s lawyers want to cross-examine Gary Wang over FTX lawyers’ involvement in Alameda loan approvals.Brazil’s Congress wants Binance’s CZ indictedA Brazilian congressional committee recommended law enforcement indict Binance CEO Changpeng “CZ” Zhao and three local Binance executives after wrapping up a probe into financial pyramid schemes.In an over 500-page final report published on Oct. 10 the committee accused Zhao and local Binance executives Daniel Mangabeira, Guilherme Haddad Nazar and Thiago Carvalho of fraudulent management practices, operating without sufficient authorization and illegally offering securities trading. The report claimed Binance, Zhao and others created an "opaque network of legal entities” controlled by Zhao with no other purpose than “evading compliance with the law."The committee recommended the Federal Public Ministry and the Securities and Exchange Commission (CVM) investigate Binance’s alleged tax evasion, money laundering, financing of organized crime and terrorism and illicit derivatives product sales.The recommendations aren’t legally binding but are instead suggestions — police and regulatory bodies will decide if to pursue mfurther action.Binance told Cointelegraph that it “remained committed” to collaborating with the committee and Brazilian law enforcement but “strongly rejects the exposure of our users or employees with baseless accusations of bad practices and the attempts to make Binance a target.”The indictment of 45 other people linked to multiple crypto companies was also recommended, with the committee alleging they took part in criminal schemes.Binance freezes Hamas-linked accounts after Israeli requestBinance has frozen accounts linked to Hamas militants, according to the company’s co-founder Yi He. This move comes in response to a request from Israeli law enforcement authorities. According to Yi He:“Hamas is a designated terrorist organization by the United Nations. Therefore, any organization, including banks and trading platforms, will need to cooperate on the receipt of freeze requests. This is not something Binance can decide on its own.“The company co-founder also added that “Palestine has an organized government. Hamas is a local militant group. They kill civilians; that’s the problem. Hamas is not Palestine; the freeze is targeted towards Hamas, not Palestine.“They also issued assurances that the freeze would only affect Hamas-linked accounts. With “ordinary civilian accounts” being unaffected. SBF seeks to probe FTX lawyers’ roles in $200 million Alameda loansSBF’s legal team is looking for permission to probe the alleged involvement of FTX lawyers in the issuance of $200 million worth of loans from Alameda that were approved by Gary Wang.As previously reported in the build-up to the highly anticipated trial, an Oct. 1 court ruling provisionally barred SBF from apportioning blame to FTX lawyers who were allegedly involved in structuring and approving loans between Alameda and FTX.United States Judge Lewis Kaplan granted the government’s motion and ruled that Bankman-Fried’s legal team would have to request permission to make any mention of FTX lawyers’ involvement throughout the trial.SBF’s attorneys argue that the prosecution has already established that FTX lawyers were present and involved in structuring and executing the loans and intend to carry out their own line of questioning over the scope of FTX counsel involvement.The defense adds that it could potentially introduce promissory notes that memorialized the loans to Wang, who has previously indicated to the prosecution in proffer meetings that he did not suspect FTX lawyers would coerce him to sign illegal agreements.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. Ethereum, the second-largest cryptocurrency by market capitalization experienced a significant downturn by hitting $1,551, nearing a seven-month low. This drop comes after a challenging week in which it declined by over 8%. The Ethereum community is reeling from this shock, especially considering that ETH began October by breaking the resistance level of $1,700, only to find itself under intense bearish pressure now. Which crypto coin will rise in 2023?Since being added to the OFAC Specially Designated Nationals list, the once-popular Tornado Cash mixer has seen a decline in activity. As of June, it is processing just $6 million in deposits and withdrawals per day, according to a Dune Analytics dashboard. While there are still other privacy tools on Ethereum, such as Railgun, they simply lack the necessary liquidity to obfuscate the huge sums the attacker stole. While at first $20 million seems like a staggering amount to lose in a week, looking at the percentage loss of under 5% makes it more reasonable — and examining the contents of this portfolio such a loss seems unexpectedly low. Buterin’s portfolio is almost completely comprised of Ethereum, which makes up over $391 million of his assets, with the rest being minor quantities of various tokens.

CryptoNight is one of the fastest mining algorithms and part of the CryptoNote consensus protocol. Bankman-Fried never ended up winding down Alameda Research because it owed $14 billion to FTX, Wang testified. When Wang told Bankman-Fried that Alameda was borrowing too much to be shut down, Wang testified that Bankman-Fried simply replied, "Acknowledged." CPO futures likely to trade on downside bias next weekIYK — serving clients such as Adidas, 9dcc and VÉRITÉ — is founded on the idea of embedding NFC (near-field communication) chips within merchandise or apparel. In the lead-up to Hong Kong, Card Brawl will continue development on the game’s fundamentals. Ultimately, the team has grander ambitions to serve as a bridge for Web2 users into blockchain ecosystems. The co-founder said, “We hope Card Brawl will make a significant impact by being a first-of-its-kind Roguelike trading card game, not just in the traditional gaming history but also as a major innovation in the Web3 gaming ecosystem. Our ambition is to become one of the most influential games in the Neo ecosystem.”

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