Hong Kong's virtual bank ZA Bank to offer crypto-to-fiat exchange and crypto account services - cyptoranking.com

2024-04-26

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Pirate Nation Web3 game. Source: Proof of Play DApps are used to Hong Kong's virtual bank ZA Bank to offer crypto-to-fiat exchange and crypto account servicesFTX’s demise and Silvergate’s eventual voluntary liquidation in March 2023 are closely linked, especially since Silvergate lost $1 billion in the fourth quarter of 2022. A protocol spokesperson cited lack of demand and an uncertain regulatory environment as key drivers behind the decision to cease operations.

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It was later revealed that the wallet alteration was not a security breach but a deliberate move by some PEPE team members. Despite efforts to reassure the community, skepticism prevailed, and many investors questioned the official narrative, speculating that the team had orchestrated the sale to profit from the event. Image Source: dydxPopular decentralized exchange dydx has received unanimous approval from its community to transition to version 4 and adopt the DYDX token as the Layer 1 token for its upcoming blockchain. The vote, which took place on the Snapshot platform and concluded on September 4, garnered almost 100% support from the community.Initiated by Wintermute, the proposal received an astounding 36 million votes in favor from 392 addresses, with only 43 votes in opposition from four addresses. This overwhelming community backing paves the way for the migration of the DYDX token from Ethereum (ETH) to a Layer 1 appchain within the Cosmos ecosystem, which is currently on the testnet.The proposal also included the development of an Ethereum smart contract overseen by the dYdX Foundation. This contract aims to enable the seamless transfer of DYDX tokens from the Ethereum network to the new dYdX Chain. "DYDX is now officially planned to be the base token of the dYdX Chain," announced dYdX founder Antonio Juliano.Launched in 2018, dYdX is a leading decentralized derivatives market specializing in perpetual trading. With nearly $240 million in trading volume in the last 24 hours and a total trading volume surpassing $1 trillion since its launch in 2020, the platform continues to be at the forefront of the decentralized derivatives market.Perpetual contracts, also known as "perpetuals," are futures contracts without an expiration date, making them highly popular in the cryptocurrency industry. In the upcoming dYdX version 4, every validator on the network will operate an offchain orderbook. Trading orders will be sent to the network and distributed among validators, who will then generate blocks containing matched orders using a proof-of-stake consensus mechanism.DeFi Platforms Take the Spotlight as Interest in CeFi WanesSince the recent crypto meltdown, there has been a shift in investment patterns, with venture capitalists reallocating funds from CeFi projects to invest in the growing DeFi sector. A March report from CoinGecko highlighted that digital asset investment firms invested $2.7 billion in DeFi projects in 2022, marking a 190% increase compared to 2021.In contrast, investments in CeFi projects decreased by 73% to $4.3 billion during the same period. The report suggests that DeFi is emerging as the new high-growth area in the crypto industry, while CeFi may have reached a saturation point.As reported, Binance CEO Changpeng Zhao has also predicted that DeFi can outshine CeFi during the upcoming bull run. During a recent AMA, the crypto boss expressed his belief that DeFi has the potential to surpass CeFi in terms of trading volumes. “I think the more decentralized the industry becomes, the better,” Zhao said, suggesting that it may not be long before DeFi overtakes CeFi trading volumes, as it currently stands at around 5% to 10% of CeFi volumes. Binance CEO CZ Predicts DeFi to Outshine CeFi in Upcoming Bull Run One of the world's largest crypto exchanges looks to go public in the US through a reverse mergerConversely, ETH’s seven-day moving average for the flow of ETH moving to exchanges cemented its own one-month high above $14.2 million. Still, the bears could invalidate this bullish prediction if the BTC price reverses below $25,000. However, the chart depicts that 635,000 addresses purchased 2.42 million Bitcoin at the maximum price of $26,613. If they HODL, that could mount a significant support support wall.

A loss of this support might trigger a decline near $1,485, where, unfortunately, Ethereum has little support even to $1,342. Bitcoin (BTC) ground higher on Oct. 10 after the start of legacy market trading saw “de-risking” take over.BTC/USD 1-hour chart. Source: TradingViewBitcoin’s price preserves weekly supportData from Cointelegraph Markets Pro and TradingView showed BTC price stability returning ahead of the Wall Street open.Bitcoin bulls had lost their footing as the week began, with BTC/USD heading to $27,300 before reversing to trade near $27,700 at the time of writing.“Overall there’s been a lot of market de-risking into $27.4K—$27.3K,” popular trader Skew wrote in part of X analysis at the time.“Important area now because losing that level would take prices back to 1W demand. More importantly, around here into tomorrow buyers need to establish price control for a move higher.”Continuing on the day, Skew noted that derivatives traders controlled trajectory for the time being.“Better to see what spot market wants later,” he advised.$BTC as you can see price is very much correlated to perp involvement ~ positions chasing the market Better to see what spot market wants later https://t.co/VH46ZsLRbO pic.twitter.com/S3GScvPDtc— Skew Δ (@52kskew) October 10, 2023 15+ Best Crypto To Buy Now 2023-Top Cryptocurrency to ...— John Reed Stark (@JohnReedStark) October 4, 2023 Gary Wang reveals ‘unrestricted withdrawals’

Sui Chung: The discourse is happening within the four walls of the SEC. That's where the discourse is happening, and the comments, they do read them. They will become sort of agenda items within that internal discourse within the SEC. That's kind of how it works. Firstly, people use it to buy real estate or virtual assets such as NFTs in the metaverse. Secondly, some groups use the metaverse for business activities or recreational purposes. This year, in July, Facebook announced the formation of a metaverse product team. Can I legally buy Bitcoin in UK?The Shib 10 Best Crypto Wallets for UK Traders - Compare Bitcoin Wallets

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