EXPLAINER: Why the launch of WTI Crude Oil and Natural Gas futures contracts by NSE is important - cyptoranking.com

2024-04-29

Popular crypto exchanges(2023 Update) 2024-04-29
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Source / Sam Cooling x TheDigitalArtistAs Uptober takes grip of on-chain markets, crypto prices are surging, and the latest token to skyrocket is DAI Reflections (DRS) - which exploded +25,000% in an over-night moonshot.The unlikely surge comes as market interest was galvanised by this young projects' promise of reflecting the DAI stablecoin on Pulsechain - alongside an upcoming PulseChain is a full-state hard fork of Ethereum, and stealth-launched DRS offers a demand-side pressure for the DAI token - every time a DRS token transacts a 2% fee is applied; his fee is used to buy DAI stablecoin which is then distributed to token holders.DRS Price Analysis: Will DAI-Buy Mechanism Drive DAI Reflections to New Heights?Amid the dramatic upside move, DAI Reflections is currently trading at a market price of $0.053713 (representing a 24-hour change of +1,703%).This comes following the explosive stealth launch at 15:00 yesterday, which surprised all with an initial +6,000% move in the first 4-hours - despite no marketing.DEXtools / DRS USDOvernight price action saw DRS push up a further 54% from here to hit an all-time high at $0.055565 - bringing returns for early-backers to an eye-watering +25,000%.With DRS price action now in localized retracement, all eyes are on the $0.05375 support level - which has so far seen a well-defended consolidation mounted by 561 steadfast bag-holders.The electric move was fuelled by an influx of more than $667k in 24-hour trading volume, which has seen DRS already surge to a $727k market cap.DAI Reflections has an upside move targeting a return to the all-time high at $0.055565 (possible +50.7% move from here), and downside risk standing at lower support around $0.05285 (potential -22.39%).DEXtools / DRS USDThis leaves DRS with a risk: reward ratio of 2.26 on the short-time frame - a strong entry with decent upside potential as buy pressure remains strong representing 63% of transactions over the past hour.But while on-chain traders continue to play with out-sized risk, smart money are flocking to an emerging meme coin project that aims to gamify crypto community rivalries.Meme Kombat Surges to +$400K Raised as Crypto Community Rivalries Heat UpSource / Meme KombatMeet Meme Kombat, a trailblazing initiative that has seamlessly blended the memetic love of nostalgic gaming, and GambleFi, into a decentralized Web3 platform - with $411,731 raised in less than two weeks.So, what makes Meme Kombat tick, and why should potential investors keep a keen eye on this presale?The essence of Meme Kombat lies in its captivating arena aiming to tap into deeply tribal crypto communities - with a novel approach to gamifying inter-community rivalries.Players have the liberty to place their bets on these animated battles, predicting the outcomes and possibly reaping attractive rewards.With a sturdy promise of Season 1 showcasing 11 distinct meme characters, there's no shortage of action, and Season 2 is already on the horizon for December 2023.The decentralized nature of the project, combined with the thrill of AI-driven battles, ensures that the outcomes are both transparent and unpredictable - every battle is a new experience, ensuring players stay engaged.Gamified Staking Rewards Could Fuel Dramatic Growth for Meme KombatMeme Kombat's commitment to transparency and trust is evident through initiatives like the impending security audit of their smart contract.The findings of this audit will soon be public, a move that many projects shy away from.The founder and project lead, Matt Whiteman, isn't an unknown entity in the crypto space.His experience spanning two decades in process design, combined with his position as the COO of North Technologies, adds credibility to Meme Kombat.When so many projects hide behind the veil of anonymity, Whiteman's open profile and the project's physical address in Amsterdam offer an extra layer of trustworthiness.Source / Meme KombatThe tokenomics of Meme Kombat is also an appealing factor for potential investors - Stake the Meme Kombat ($MK) token, priced attractively at $1.667, and dive into a rewarding ecosystem.With a generous APY of 112%, stakers not only benefit from passive income but can also use their staked tokens to place bets in the arena - this dual functionality – earning while gaming – sets Meme Kombat apart.Intriguingly, engagement on the platform directly influences the income one can earn, so, the more you participate, the more you stand to gain.With the GambleFi industry booming following coins like Rollbit, Meme Kombat seems poised to tap into this lucrative market with its innovative approach.By merging memes, gaming, and blockchain, the platform is presenting something fresh to the crypto community.For those looking to diversify their portfolio with a unique offering, Meme Kombat seems like an opportunity too good to miss - so, don't be left behind (stay tuned with the MK Telegram).Embrace the future of meme-based gaming and betting with Meme Kombat.Buy Meme Kombat HereDisclaimer: 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.Crypto Experts are Accumulating This New Bitcoin Project Before it Lists on Exchanges – Here's Why The restructuring at Blocknative adds to job cuts in the blockchain industry that have accelerated in recent weeks with digital-asset markets seemingly stalled, including prices for bitcoin (BTC) and Ethereum’s ether (ETH), and deepening the pall known as “crypto winter.” EXPLAINER: Why the launch of WTI Crude Oil and Natural Gas futures contracts by NSE is importantAlong with VCs, companies and individuals are also preferring AI to crypto. “It’s unfeasible to assure with complete certainty whether there will be a bull run for XRP in 2024. Many variables, such as overall market trends, technological advancements, regulations, and adoption rates, could impact future performance. However, given XRP’s role in facilitating global money transfers, we could potentially see positive growth in the longer term.”

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OpenAI did not respond to a request for comment from Decrypt. But it's noteworthy that last year, the company introduced a moderation tool to assist developers in countering the misuse of vast language models like ChatGPT. As lovelorn singles enlist AI as flirting coaches and scammers use AI to deceive them, dating app users would be wise to watch for artificial, digital Casanovas. Trust and authenticity may become the ultimate aphrodisiac.CertiK Alert reports zkFlex Finance exit scam XTZ Price Prediction: How Long Will Increase Continue? Ethereum Price Prediction: Can Ethereum Reach $2000 in ...On October 2, BeInCrypto reported that Solana’s total value locked (TVL) hit a new 2023 all-time high of $338.82 million. Source: AdobeStock / photo_gonzoAn analyst at Berenberg investment firm believes MicroStrategy is now a safer bet compared to Coinbase due to the exchange's regulatory issues. Mark Palmer, an equity research analyst at Berenberg Capital Markets, said the US Securities and Exchange Commission will likely file an enforcement action against Coinbase as the commission increases its scrutiny of the crypto sector. “Given the heightened uncertainty that Coinbase faces, we believe investors would be much better served investing in shares of MicroStrategy,” the analyst reportedly wrote.Shares of MicroStrategy, a software maker better known for being the largest public holder of Bitcoin, have increased more than 90% YTD, compared to a 63% increase in Coinbase's shares over the same period. The strong performance comes on the back of Bitcoin’s rebound in recent months. The flagship cryptocurrency has gained more than 60% YTD.According to Palmer, MicroStrategy is an “attractive alternative” to Coinbase given the regulatory pressures on the latter. The analyst also noted that the SEC has identified Bitcoin as a commodity while claiming that the majority of other crypto assets are securities. This makes MicroStrategy, which is a major holder of Bitcoin, an appealing choice for investors. “The SEC has characterized bitcoin as a commodity while asserting that most (if not all) other crypto tokens are unregistered securities, putting bitcoin and MSTR in advantaged positions amidst the regulatory onslaught."Palmer said the enforcement actions against crypto exchanges Kraken and Bittrex, as well as crypto lending platform Nexo, could be a preview of the SEC's approach to Coinbase.“We believe investors should be focusing on whether the company would have the ability to successfully pivot its business model and geographic focus if it were forced to curtail or cease a large portion of its activities in the US."SEC-Coinbase Relationship Continues to DeteriorateThe SEC has been in a legal battle with Coinbase as of late.Back in March, the commission sent a “Wells notice” to Coinbase, threatening the crypto exchange with legal actions regarding some of its listed digital assets, its staking service Coinbase Earn, Coinbase Prime, and Coinbase Wallet. In response, Coinbase CEO Brian Armstrong accused the agency of engaging in “some really sketchy behavior.”The exchange also filed a lawsuit with a federal appellate court in Philadelphia last month, alleging that "the SEC refuses to address Coinbase’s rulemaking petition" even as the agency aims to initiate enforcement actions against the firm for listing unregistered securities.However, the commission has asked a judge to reject Coinbase’s request to compel the commission to respond to the rule-making petition. It is worth noting that Armstrong has suggested that the exchange could leave the US if regulators don't clarify their approach to the digital asset space. "Anything is on the table, including relocating or whatever is necessary," he said during the Innovate Finance Global Summit last month.Solana Price Prediction as New Blockchain Update Provides Native Support for Private Transactions – Time to Buy?

According 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). The blockchain research firm says that the North Korean hacking organization, the Lazarus Group, is responsible for nearly 13% of the total funds laundered through cross-chain and cross-asset protocols. What is the most popular exchange Bitcoin?Coinbase initially launched perpetual futures trading in May, but it was limited to only institutional investors located outside the US. However, it is still down 48.5% from 2021’s close, just before the start of the bear market, when the local crypto market was valued at 55.4 trillion won (US$40.9 billion).

Ether’s recent underperformance isn’t helping either, Mishra added. The asset is up 39% on the year but was down nearly 4% on the day as of 4:45 pm ET. Technical performance issues include scalability problems, latency, and limited transaction throughput. The Philippines pushes back against foreign exchanges, continuing a protectionist streak#BNB is a fair launch token. Ie, no one got free BNB tokens from the initial supply. The "team tokens" was never moved or used, it was only burnt. Bitcoin (BTC) and Ethereum (ETH) are the two best-known cryptocurrencies that are altering the dynamics of the crypto industry. Bitcoin has the unique title of the world’s first cryptocurrency, and people sometimes refer to it as digital gold or gold 2.0. These titles imply that Bitcoin represents a store of value asset with a limited supply, like precious metals.

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