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2024-05-07

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GPU bitcoin mining Coming into 2024, Hayes said either a financial crisis will push rates closer to 0% or the government keeps raising rates, but not as fast as governments spend money and people continue looking for better returns elsewhere. Bybit Leaderboard|Top Crypto Ranking Traders WorldwideThe Block has contacted Binance, Rebuilding Society and the FCA for comment but has not received a reply as of publication time.Cyprus to tighten crypto regulations in accordance with FATF A Beginner’s Guide to Crypto TradingWhat is Play-to-Earn Gaming? What’s so Special About it?A Complete Beginner’s Guide to the Metaverse with BlockchainWhat Is a Stablecoin? How Does It Affect the Cryptocurrency Ecosystem?

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— The Friendly Bear (@FriendlyBearSA) September 16, 2023 Meanwhile, more Chinese state-operated firms are now paying their staff in digital yuan tokens. BitMart-Cryptocurrency Exchange|Buy & sell Bitcoin,Ethereum,Tether...Solana. Source: AdobeCoinbase's layer-2 network, Base, has surpassed Solana (SOL) in terms of total value locked (TVL).Base's TVL has reached an impressive $397.32 million since its launch in August, outpacing Solana's TVL of $358.96 million, data from DefiLlama shows. Over the past month, Base has experienced significant growth, with a remarkable 97.21% increase in TVL.On the other hand, Solana has seen a decline of 9.64% in its TVL over the same timeframe.The bulk majority of Base's TVL comes from two projects. Decentralized exchange Aerodrome Finance holds the top spot with a TVL of $97.83 million, while the decentralized social media app Friend.tech ranks second with a TVL of $36.53 million.Aerodrome Finance, launched on August 28, allows users to deposit liquidity to earn its native AERO tokens and offers other features. Although it had a slow start, Aerodrome's TVL skyrocketed on August 31, with a massive $150 million pouring in on that day alone. However, the project's TVL has since decreased by approximately 51% as the initial hype subsided.Friend.tech, launched on August 11, enables users to tokenize their social networks through the buying and selling of "Keys." Despite facing challenges in late August, the platform experienced a dramatic surge in September. DefiLlama reports a 540% increase in Friend.tech's TVL over the past month, primarily driven by a pump that began on September 9 alongside a resurgence in daily trading volume.Looking beyond the top projects, Base's TVL is predominantly contributed by multinetwork decentralized finance platforms such as Compound, Curve, and Uniswap.Furthermore, Base has achieved a new milestone this month, reaching a peak of 1.88 million daily transactions on September 14, surpassing rival chains like Optimism and Arbitrum, which had a combined total of almost 880,000 transactions on the same day. As of today, Base's daily transactions have decreased to approximately 908,000, but the all-time high record remains intact.Coinbase Pushes for Regulatory Clarity in the USAs of late, Coinbase has ramped up efforts to bring about positive changes in US legislation in the crypto sector.Earlier this week, the exchange launched a new media campaign, encouraging people who are interested in crypto to contact their congressional representatives through its platform to let them know crypto regulation clarity is an important issue for them.In mid-August, the exchange also announced the launch of a crypto advocacy group tasked with promoting the interests of the crypto community.Dubbed Stand with Crypto Alliance, the independent nonprofit organization aims to mobilize support for legislation that would create a regulatory framework for digital assets in the US.Furthermore, earlier this year, the company filed a lawsuit against the agency to compel the SEC to establish clear regulations for the cryptocurrency industry. Despite the push for regulatory clarity, the exchange has come under scrutiny.In June, the SEC sued Coinbase, accusing the platform of operating as an unregistered securities exchange, broker, and clearing agency. DeFi Protocol Balancer Faces Another Security Breach After Being Exploited for $2M a Month Ago Magazine: NFT Collector: Giant Swan’s gothic VR dreamscapes… royalty nightmare on OpenSeaFTX hacker could be using SBF trial as a smokescreen: CertiK

Though Bitdeer booked a net loss of $40.4 million in the second quarter of 2023, the company is still pursuing an aggressive growth strategy. The Zimbabwean central bank added the applicable money transfer tax will only be half the rate usually applied for foreign currency-denominated transactions. Best Crypto Exchanges & Bitcoin Trading Platforms AustraliaRise in Chinese Banks Issuing Digital Yuan Corporate Loans Price activity is nearest the 100-bar MA (4-hourly) at 27157.47 and the 50-bar MA (Hourly) at 27706.93.

Source: a video screenshot, ABC News / YouTubeAs the trial of Sam Bankman-Fried enters its second week, his lawyers are seeking to question FTX co-founder Gary Wang about his reliance on legal advice regarding loans from Alameda Research. In a legal filing made late Monday night, Bankman-Fried's defense team requested permission from the judge to explore Wang's understanding of these loans, which were used for venture investments and personal expenses, including purchasing a house in the Bahamas.The defense argues that Wang's belief that these were legitimate loans, structured by lawyers and documented in formal promissory notes, is essential in countering the prosecution's claim that the loans were merely a ruse orchestrated by Bankman-Fried to conceal the origin of the funds. The filing highlights Wang's statement that he trusted the lawyers involved and didn't believe they would advise him to engage in any illegal activities.The relationship between FTX and its hedge fund arm, Alameda Research, has become a focal point in the criminal case against Bankman-Fried. Prosecutors allege that he misused funds transferred to Alameda as his personal finances. Bankman-Fried has pleaded not guilty to the fraud charges, and his defense team contends that the involvement of company counsel in the loan arrangements suggests his lack of awareness regarding any impropriety. However, Judge Lewis Kaplan has ruled that discussions about legal advice could confuse or bias the jury and therefore cannot be included in the defense's opening statement.Wang to Conclude Testimony on TuesdayWang is expected to conclude his testimony on Tuesday, after which Caroline Ellison, the former head of Alameda Research and Bankman-Fried's former girlfriend, will take the stand. Both Wang and Ellison have pleaded guilty and are cooperating with investigators.Last week, Wang testified in court, admitting 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 confessed 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.As reported, Daniel C. Silva, former assistant US attorney and shareholder at law firm Buchalter, believes that Bankman-Fried's defense might be setting the stage for a potential appeal if the disgraced crypto boss is found guilty. By focusing on minutiae, the defense could argue that they were deprived of sufficient time and opportunity to prepare an adequate defense, potentially calling into question the fairness of the trial."One of the things [the defense] may be doing is suggesting, ‘This thing moved at light-speed and we were not given a full opportunity to prepare for trial,'" Silva said. "'We need to ensure that we fully understand what every witness is saying because we didn't have an adequate opportunity to prepare [...] an adequate defense as required by the U.S. Constitution.'"Shiba Inu Price Prediction as SHIB Could Skyrocket to $0.00003000 – Will History Repeat Itself with an 822% October Surge? NHN Corporation, a South Korean entertainment conglomerate with total assets of more than US$2.4 billion, announced on Friday a partnership with US-based Mysten Labs, developers of the Sui blockchain, to launch an on-chain game planned for 2024, despite South Korea's ban on all games related to blockchain. In a press release on Friday, Mysten Labs said the Sui blockchain is well suited to support games, given its low fees, fast transactions and high scalability. What is the most profitable passive crypto income?ETH Chart / Source: AdobeCrypto asset management giant Grayscale just filed paperwork with the US Securities and Exchange Commission (SEC) to create a new Ether (ETH) Futures Exchange Traded Fund (ETF), as per a report by the Wall Street Journal.Grayscale filed for the ETF under the Securities Act of 1933, having also previously filed for an Ether Futures ETF under the Investment Company Act of 1940.While comparable Bitcoin Futures ETF have been approved by the SEC under both acts, most ETFs are filed under the 1940 act.Reports in the crypto press back in late August suggested there is a strong possibility that the SEC will approve a number of Ether Futures ETFs as soon as October.That news made the price of Ether surge at the time amid front-running from traders, because a wider availability of Ether Futures ETFs could indirectly increase demand for the cryptocurrency, assuming institutional investors start buying up Ether Futures ETFs once they go live.Ether was last changing hands around $1,640, just to the north of its 21DMA.Price Prediction - Where Next for Ether (ETH)?The fact that Ether looks set to close above its 21DMA following a fairly convincing break above the level in the past two days is a positive for the cryptocurrency’s near-term price outlook.The 21DMA had previously been acting as an area of strong resistance for the past more than two-months.A break above this level sets the stage for a potential rally to the 50DMA just above $1,700 and even the late August highs around $1,740.Assuming ETH can close above its 21DMA, near-term price predictions are likely to turn modestly more bullish.But traders should keep an eye on upcoming macro risk events, such as Wednesday’s rate decision and monetary policy announcement from the US Federal Reserve.The central bank isn’t expected to change interest rates, but is expected to signal that more rate hikes remain possible, as well as release a new summary interest rate projections from its policymakers plus new economic forecasts.That could impact ETH, depending on how the US bond market and US dollar react – a dovish meeting (where expectations as to how high interest rates will go/remain fall) would weigh on the yields and US dollar, likely boosting ETH, and vice versa.Ether traders may also remain reluctant to enter big positions in the cryptocurrency as they remain in wait-and-see mode ahead of October’s expected Futures ETF decisions from the SEC.Ether (ETH) Alternative to ConsiderOne problem with an Ether Futures ETF is that its buyers won’t be set to benefit from the solid yield they can generate from Ether staking.To benefit from Ether staking yields, which are normally in the region of 4%, investors would do better to buy the actual ETH token and set up a staking node, or buy a ETH liquid staking derivative such as stETH.Investors interested in a riskier cryptocurrency with a much better staking yield should check out a newly launched token called Bitcoin BSC (BTCBSC).Bitcoin BSC is a BEP-20 token issued on the Binance Smart Chain but with pretty much the exact same tokenomics of Bitcoin, although Bitcoin BSC winds the clock back to 2011, when Bitcoin traded at $1 per token.Indeed, Bitcoin BSC tokens are currently being sold in presale for $1 each, with over $2 million already raised.Bitcoin BSC holds various advantages over Bitcoin – it is greener thanks to the Binance Smart Chain’s lower energy consumption and is more readily available for use in the Binance Smart Chain’s growing Decentralized Finance ecosystem.Moreover, Bitcoin BSC holders can stake their tokens to benefit from BTCBSC issuance according to the same schedule that Bitcoin was on back in 2011.That means BTCBSC holders could be looking at double or even triple digit annual yields if they stake their tokens.A similar project BTC20 – the exact same concept but issued as an ERC-20 token on Ethereum – was able to quickly sell out a blockbuster $6 million presale and then post gains of as much as 6x, while BTC20 is still trading above its presale price of $1.Bitcoin BSC is thus an opportunity for those who missed BTC20 to get in early.Bitcoin BSC could do even better than BTC20 given the Binance Smart Chain’s faster transaction speeds and lower fees, making for a better trading and DeFi experience.Investors need to move quickly, as the token’s hard cap raise target of just under $4 million will likely soon be reached.Buy Bitcoin BSC 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.Peter Thiel-Backed Founders Fund Invests in Layer N's Ethereum Scaling Tech "LoveGPT" uses proxy services, virtual phone numbers, and anti-fingerprinting tools to remain undetected and anonymous. It can also bypass CAPTCHAs and send emails from fake accounts. Essentially, it has an extensive toolkit that can be used to deceive and catfish dating app users.

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