Technical & Fundamental Analysis-Crypto, Page 1 - cyptoranking.com

2024-04-24

Popular crypto exchanges(2023 Update) 2024-04-24
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Scalability: As more computers or nodes join a blockchain network, it can struggle to keep its performance top-notch. Because each node holds a duplicate of the whole blockchain, more data is copied as the network gets bigger, causing the system to lag and create bottlenecks. Privacy Breach at Friend.tech: Wallet Addresses and Usernames of 101,000 Users Exposed Technical & Fundamental Analysis-Crypto, Page 1“They just want to build interactive experiences for people that scale. They don’t really care if it’s called that.” One of crypto's OG founders, @YuvalRooz, flew to Israel immediately after the Hamas attacks to help out.He's raising money for aid, and is personally on the ground facilitating the assistance, so you know these would be high impact donations.Details below. pic.twitter.com/TYTdv9oH57

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Bitcoin miners earn revenue through two mechanisms. When they add a block to the Bitcoin blockchain, they receive the block reward (currently 6.25 BTC), as well as the transaction fees users pay to get their transactions into the block. The development comes after Axie Infinity unveiled Project T, an early prototype of a brand-new game that Sky Mavis is creating. It will empower players to interact with their axies and others while also playing several mini-games as access to a unique experience. Axie Infinity has rolled out early access to Mystic Axie owners, land owners, and Origin Axie owners. Hiro WalletParties involved in an ownership transfer can use the blockchain to verify that one owns the property and the other has the money to buy it. Once a sale or transfer is complete, the blockchain will record the transaction. This method eliminates the hassle of manually submitting paperwork to update existing records as the blockchain does it in an instant. Also, the process cuts costs and time consumed and avoids inaccuracy that may be caused by human error. “Okhandiar, improperly using his control of the Collective Venture’s multi-signature wallet, transferred approximately $600,000 worth of Remilia’s digital assets […] to his personal wallet as arbitrary unilateral ‘bonuses’ to himself,” according to the filing.

XRP (XRP) price is up today following news that Federal District Judge Analisa Torres of the Southern District of New York ruled against the United States Securities and Exchange Commission’s contention that XRP is a security. XRP immediately reached $0.55, but subsequently gave away part of the gains on Oct. 4.XRP token 4-hour index price, USD. Source: TradingViewRipple’s favorable court decision spurred mixed opinions from expertsIn an Oct. 3 court order, Judge Torres claimed that the matter did not require an order that “involved a controlling question of law,” which is an essential condition for approving an interlocutory appeal. This decision sparked a debate among crypto law experts in the community.Bill Hughes, a lawyer at blockchain firm ConsenSys, told Cointelegraph that the rejection of the SEC’s appeal was generally expected, given that appeals of this nature are not usual during this part of a trial. Similarly, Gabriel Shapiro, general counsel at Delphi Labs, warned XRP bulls to temper their enthusiasm, as the SEC could still appeal the case later. The regulator would need to wait until after the trial’s conclusion, which is scheduled to begin on April 23, 2024.Ripple gets approval for a Singapore digital payments licenseIn an Oct. 4 statement, Ripple announced that its local entity, Ripple Markets Asia Pacific, was granted a Major Payment Institution license for digital payment token services in Singapore. This decision will allow the company to continue operations in the city-state after receiving in-principle approval from the Monetary Authority of Singapore in June.According to Ripple, the license allows its subsidiary to further scale its On-Demand Liquidity service offering, an enterprise solution that uses XRP as a bridge between two currencies. This eliminates the need for prefunding of destination accounts and reduces operational costs.Ripple picked as a contender for Georgia’s CBDC pilotOn Sept. 28, the National Bank of Georgia (NBG) announced that nine companies, including Ripple, would take part in the research of its central bank digital currency (CBDC). Known as the digital lari, or GEL, the project aims to be programmable and support asset tokenization.The Eastern European country, with a population of 3.7 million, intends to launch a limited-access live pilot environment, where only one of the participating companies will be selected to move forward. The NBG announced that it was considering issuing a CBDC in May 2021, without providing a timeline for it.There was modest impact on XRP derivatives demandThe demand for XRP futures did not present meaningful changes, with the open interest — which measures the aggregate notional of contracts still in play — increasing by 13% versus the previous day. Furthermore, the current $590 million open interest falls short of the $794 million from one month prior.XRP futures open-interest weighted funding rate, 8-hour. Source: CoinglassNotice that the XRP futures funding rate has consistently stayed below 0.01% every eight hours, which is equivalent to 0.20% per week. Positive values indicate that long positions are covering the cost of leverage, but a funding rate below 1% per week is generally not considered expensive.Considering the inability to surpass the $0.54 mark, which would have been the highest level in six weeks, and the lack of demand for leverage through futures contracts, it’s reasonable to doubt whether the recent positive news flow has convinced investors that XRP is about to enter a bull run.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. Consider the importance of scalability. Some consensus mechanisms are better suited than others for delivering high throughput performance during high-volume situations. If a Web3 project wants to reach a substantial amount of users and activity in the future, it should build using fully capable blockchain solutions from day one. – Wolfgang Rückerl, ENT Technologies AG What is a decentralized exchange? (DEX)GMO Media entered the cryptocurrency arena back in 2014, and since then, it has been actively involved in technical developments using smart contracts, offering IEO (Initial Exchange Offering) support, and providing various other crypto-related services. The forthcoming “GESOTEN Verse” represents a significant step forward as it will enable users of the “GESOTEN by GMO” gaming platform to effortlessly engage with blockchain games while utilizing their existing platform IDs. Therefore, the NEAR price could continue to move downwards and form new support at $0.9 and $0.8, if it fails to maintain the current level.

At the time of writing, the Quant price was $85.58, reflecting a 2.61% decrease in its market capitalization intraday. Interestingly, trading volume surged by 43.76% intraday, indicating active buyer participation, potentially pushing QNT upward. The volume-to-market-cap ratio stood at 1.43%. The limited edition Tamagotchi units retain the brand’s familiar egg-shaped, portable design, giving players a digital pet that they can feed, train, and play with. In this case, however, the game features the familiar Ape iconography plus BAPE’s camouflage pattern on the exterior. Available in three colors, the Tamagotchi units will sell for $59. What is the largest exchange in the UK?Let’s break this down for you. Image Source: YouTubeFormer FTX boss Sam Bankman-Fried had written a draft Twitter thread to announce the possible closure of his hedge fund Alameda Research. The thread, which was drafted in September 2022, reveals that Bankman-Fried considered announcing the closure of Alameda Research, the trading firm he co-founded, just two months before the collapse of FTX.During the trial, FTX co-founder Gary Wang testified that Bankman-Fried was anxious about an upcoming article that would expose the close ties between FTX and Alameda Research. Bankman-Fried Praises Alameda in Draft ThreadIn the thread, Bankman-Fried praised Alameda Research as a crucial player in the ecosystem, acting as "a buyer when no one else is ready to buy–when markets are wild and volatile and prices are crashing and capital is scarce." He also commended Alameda's achievements after his departure, emphasizing its role as a significant global source of liquidity and guidance for the industry.However, Bankman-Fried acknowledged Alameda's biggest failure in the draft thread, which was losing track of millions of dollars' worth of Ripple tokens due to accounting negligence in February 2018. "In February 2018, we got lazy–and our accounting was lazy–and we lost most of what we'd made," Bankman-Fried wrote."Employees were sad and angry and frustrated, and I had no idea what to do about that."Bankman-Fried used the thread as an opportunity to address the narrative propagated by competitors that Alameda and FTX had excessively close ties. He dismissed the claims as distractions from their competitors' own problems, emphasizing that they were not true. Interestingly, Bankman-Fried's plan to wind down Alameda Research was halted due to the firm's significant debt of $14 billion owed to FTX. Wang testified that when he informed Bankman-Fried about the inability to shut down Alameda, Bankman-Fried simply acknowledged the situation.The draft thread concludes with the hypothetical statement, "Alameda Research is dead. Long live FTX." However, Bankman-Fried never executed the closure of Alameda as planned.Wang Concludes Testimony on Day Six of TrialOn day six of the trial, Wang concluded his testimony and once again admitted to committing crimes with Bankman-Fried.Last week, Wang confessed that he and former FTX boss Sam Bankman-Fried committed wire fraud. He revealed to the jury that he and Bankman-Fried engaged in financial crimes and deceitful practices that ultimately led to the collapse of the cryptocurrency trading platform.As the chief technical officer at FTX and a co-owner of Alameda Research, a cryptocurrency hedge fund founded by Wang and Bankman-Fried in 2017, Wang admitted to committing wire, securities, and commodities fraud. He disclosed that the duo illegally withdrew a staggering $8 billion from FTX funds through Alameda Research. Wang further claimed that Bankman-Fried directed these illicit actions.Rise in Chinese Banks Issuing Digital Yuan Corporate Loans

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