Best Cryptocurrency Exchanges And Trading Apps In June ... - cyptoranking.com

2024-05-05

Popular crypto exchanges(2023 Update) 2024-05-05
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Source: AdobeStock/ Andrii YalanskyiGet your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________Regulation newsAiming to bolster its regulatory framework in the crypto sector, Cyprus is planning to introduce penalties for cryptocurrency service providers (CSPs) who fail to register with the relevant authorities, the Cyprus Mail reported. The penalties include fines of up to €350,000, imprisonment of up to five years, or both. This development follows the submission of a proposed legislative amendment to the "Prevention and Suppression of Money Laundering Law," which seeks to align Cyprus with international standards set by the Financial Action Task Force (FATF) and the recommendations of the Moneyval report.Investment newsOrdinalsBot, which enables ordinals to be inscribed on Bitcoin, raised more than $1 million in seed funding from ventures like Kestrel 0X1, Lightning Ventures, UTXO Management, the asset management arm of BTC Inc, Bitcoin Frontier Fund, Angsana Investments, Deep Ventures, assisted by Novum Insights, MetaLink Capital, Louis Curran and Digital Phoenix Group, as well as James Haft and PAL Capital. "The substantial capital infusion from this funding round will enable OrdinalsBot to expand its API capabilities, enhance its inscription service, and continue its educational initiatives, further advancing the accessibility and usability of Ordinals for users worldwide," said the press release. Payments newsZimbabwe announced that the gold-backed digital token, Zimbabwe Gold (ZiG), is now an official payment method for domestic transactions. The Reserve Bank of Zimbabwe (RBZ) said that digital tokens will be backed by a physical amount of gold held in the bank's reserves, while an external auditor will validate the availability of the gold. "The applicable intermediated money transfer tax (IMTT) will be half of the IMTT applicable to transactions in the foreign currency, and the relevant legal instrument to that effect will soon be published," it said. Scam newsA teacher in China was scammed out of ¥4 million ($555,000) and continued to believe the fraudster would marry her despite police trying to dissuade her 12 times. Per the South China Morning Post, over a period of four months last year, the woman borrowed money from the bank and used it as collateral to invest in a bitcoin project her "boyfriend" promised would make her a fortune. Shanghai police discovered the crime after "unusual activity" was noticed in her bank account, but she could not be persuaded at the time not to send money. "She has invested so much money and emotion in it that she would rather believe the police were scammers," said an officer from the police anti-scam team.AI newsThe King Abdullah University of Science and Technology (KAUST) in Saudi Arabia, the School of Data Science, the Chinese University of Hong Kong, Shenzhen (CUHKSZ), and the Shenzhen Research Institute of Big Data (SRIBD) collaborated to create an Arabic-focused artificial intelligence (AI) system. According to the project’s GitHub page, AceGPT, an open-source Large Language Model (LLM) tailored for the Arabic language, addresses "the unique syntactic intricacies" of Arabic and ensures "cultural sensitivity and alignment" with local values. "Our methodology encompasses incremental pre-training on Arabic texts, supervised fine-tuning (SFT) using genuine Arabic instructions paired with native GPT-4 responses, and a novel reinforcement learning approach termed Reinforcement Learning with AI Feedback (RLAIF)," it said.Exchange newsWeb3 healthcare company XRP Healthcare expanded its reach into Africa via its listing on the Coinstore crypto exchange. According to the press release, "this strategic move comes as XRP Healthcare seeks to capitalize on the burgeoning healthcare market in Africa, with a primary focus on Uganda." Coinstore users can now access XRP Healthcare's solutions and utilize its payment system built on the XRP Ledger. The company's expansion into Africa aligns with Ripple Labs' increasing presence in the region and the growing interest in crypto adoption across the continent, it said.Bitstamp Crypto Exchange Seeks Collaboration with European Banks to Boost Crypto Adoption As users engage in gameplay, segments of the NES machine state are sent to a server in real-time, effectively capturing various aspects of the player’s achievements. Best Cryptocurrency Exchanges And Trading Apps In June ...Ether (ETH), the native token of the Ethereum network, has experienced an 8.2% decline between Oct. 2 and Oct. 9. This price drop can be attributed to an increase in coin issuance resulting from its regular monetary policy, relevant sales by Vitalik Buterin, and a disappointing first week for the futures-based exchange-traded fund (ETF) instrument. Binance Re-enters UK

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In contrast, the Israel-Palestine conflict presents a unique scenario with its deep-rooted historical, religious, and geopolitical challenges. Cons of CBDC Crypto exchange Binance seeks critical licenses in Philippines, CEO saysBinance’s Ambitious $1 Billion Crypto Industry Recovery Initiative Has Failed: Bloomberg How To Spot A Top

Bitstamp is arguably one of the biggest backers of XRP. The trading platform joined other exchanges, including Coinbase, to relist the coin in July after Judge Analisa Torres declared it a non-security. However, the growth in Bitcoin production was slightly offset by a 4% increase in the average network difficulty in September compared to August. Despite this, the company increased its mining revenue by 23%, reaching $3.59 million for the month. Nomo Bank latest in UK to block Binance paymentsAmong the 29 companies that have entered web3, 75.9% have chosen indirect approaches, focusing on investments or infrastructure development in the blockchain gaming sector. For instance, Microsoft has strategically invested in WeMade, while Tencent and Unity Software concentrate on building essential blockchain gaming infrastructure. It all started in 2013 when a software engineer named J.R Willet drafted a whitepaper titled ‘The Second Bitcoin Whitepaper’ for a token, Mastercoin, which was later rebranded as Omni Layer. The token raised $600,000 from crowdfunding.

Furthermore, CITY’s market capitalization and 24-hour trading volume dropped to $15,722,919 and $1,488,093, respectively, owing to the slump. Currently, the vast majority of the revenue generated by Bitcoin miners comes from the block reward. The chart below demonstrates what percentage of total rewards collected by miners comes from fees. In the last two years, fees have usually accounted for less than 5% of the total rewards collected by miners, outside of a spike in May 2023. Buy Ethereum (ETH) in USA at Lowest PriceIn October 2021, AnubisDAO raised 13,556 ETH — worth $60 million at the time — from crypto investors. However, some 20 hours later, the funds were sent to several different wallet addresses, resulting in an instant loss for the investors. In 2021, venture capital interest in the crypto market was at its peak. However, with the bear market generating huge losses in 2022, VCs have been scared off.

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