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2024-05-02

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After the runtime fee was announced last month, multiple Change.org petitions popped up calling for Unity to remove Riccitiello from his position as CEO. While those petitions only received about 90 signatures, numerous Reddit posts also called for his removal.Pro-crypto RFK Jr. leaves Democrats to campaign for U.S. president as independent In other words, the prosecution team, according to Fong, had a clear-cut and convincing argument. In contrast, Bankman-Fried’s defense was faced with a more challenging task. Fong stated they argued that the decisions made during FTX’s early days were reasonable business choices, given the startup nature of the company. Cryptocurrency Trading Trade Hot CryptosThe escalating Israel-Hamas conflict is causing fluctuations in global financial markets, affecting stocks, cryptocurrencies, and commodities.Image by timyee on Adobe StockGlobal markets took a hit today as tensions between Israel and Hamas escalated into full-blown warfare over the weekend. The conflict has caused ripples across asset classes, sending emerging stocks and cryptocurrencies on a downward trend while boosting the value of oil and precious metals.Financial markets are facing these new challenges amid pre-existing concerns about the Ukraine-Russia conflict, surging inflation rates, and increasing interest rates. Global Equities Feel the Heat of the Israel-Hamas WarU.S. stock indices, including the S&P 500, Dow Jones, Nasdaq, and Wilshire 5000, saw declines in their numbers earlier today. While the indices closed positively last Friday, the situation turned unfavorable following the Israel-Hamas war.Bank of Israel responded to the crisis by announcing its plans to sell up to $30 billion in foreign currency to maintain market stability. Additionally, Israeli government bonds dropped, with the 2120 Hundred Year bond declining by 5.3 cents on the dollar, hitting a record low.Commodities Rally: Oil and Metals See GainsOil and precious metals have traditionally acted as safe havens during times of geopolitical unrest. This trend holds true in the current Israel-Hamas conflict. Both U.S. crude oil and Brent saw substantial upticks, and this has broader implications. The Organization of the Petroleum Exporting Countries (OPEC) recently raised its output projections to 116 million barrels per day by 2045, a hike of 6 million BPD from last year. On Sunday during the opening session of the Middle East and North Africa Climate Week in Riyadh, Saudi Arabia’s energy czar, Prince Abdulaziz bin Salman, mentioned that OPEC is adopting a “precautionary approach.” With the Israel-Hamas war escalating, there are discussions about further scaling back oil output.Susannah Streeter, Hargreaves Lansdown’s head of money and markets, stated, "The shocking attacks in Israel have sent the price of oil soaring, as investors assess the potential for the conflict to disrupt supply in the Middle East, if other countries are drawn in."If other nations get involved in the Israel-Hamas war, the ripple effect could impact global oil supply chains, further driving up prices and adding to inflationary pressures that are already a concern for global economies.Crypto Market Cap Shrinks Amid Global Market TurmoilWhile cryptocurrencies have often been touted as "digital gold," their performance during the Israel-Hamas conflict suggests otherwise. TOTAL/USDT Chart on TradingviewThe total market cap of cryptocurrencies experienced a decrease of 2.04% against the U.S. dollar. Major cryptocurrencies like Bitcoin and Ethereum followed the downtrend, shrinking by 1.7% and 2.46% respectively against the U.S. dollar during early trading hours.Geopolitical strategist Tina Fordham told Reuters, "Typically the most sensitive asset classes to geopolitical risk are emerging markets, commodities, and currencies – and, true to form, we've seen hits in all of those areas."Currencies also felt the impact of the conflict. Israel's national currency, the shekel, weakened sharply against the U.S. dollar, which rose by 2.96% to 3.952 shekels. Gold, often considered a safe haven, saw demand rise by around 1.39% to $1,858 an ounce. Silver edged up by 1.23% at 3:00 p.m. (ET).The Israel-Hamas conflict has brought into sharp focus the sensitivity of global financial markets to geopolitical events. While the immediate financial implications are evident across asset classes, the long-term effects are unknown. Uptober Crypto Prices Phenomenon: Historical Trends Meet Market Speculation 6. No Coiner

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Technical Analysis Morpho Protocol, on the other hand, serves as a peer-to-peer layer built atop popular lending pools such as Compound and Aave. Its primary function is to optimize lending pool capital efficiency by facilitating seamless matching between lenders and borrowers in a peer-to-peer manner. While achieving these optimizations, Morpho ensures that the underlying protocol’s liquidity, liquidation guarantees, and risk parameters remain intact. Cryptocurrency in Canada: Considerations for a small ...Regardless, once the scammer is satisfied with their “earnings,” they will block the victim and the fake cryptocurrency website or platform will lock the victim out of their account. The Celer cBridge, which has been operational since its launch in July 2021, stands as a decentralized and non-custodial asset bridge supporting over 170 tokens across more than 40 blockchains and layer-2 rollups. It functions as a multi-chain interoperability platform, allowing users to bridge assets and send arbitrary messages instantly and at a low cost. This bridge has become an essential component for users and developers looking to navigate the intricate landscape of cross-chain scenarios, opening up a world of possibilities for blockchain enthusiasts.

A major factor in its success was its August completion of its 100 MW data center in Gedu, Bhutan, according to Bitdeer CEO Linghui Kong. Former Alameda CEO Caroline Ellison to Testify Why do you need so much information at sign up?There are more factors at play here that influence the price of Bitcoin other than these cycles. The fact that the Federal Reserve started to print huge amounts of money in 2020, really spiked the risk appetite for many investors to look for a safe haven like the financial markets and Bitcoin. It’s very clear that the moment the Federal Reserve started to inject money into the economy, the price of Bitcoin and the financial markets started to go up until the money printer halted again in 2022 and the price of Bitcoin entered a 1-year declining phase. These fundamental changes in the economy will most likely have an impact on Bitcoin and the way these cycles could unfold. Once the victim has been “fattened up,” the scammer will prepare for the butchering.

Appearing on a Sept. 28 episode of the Lex Fridman podcast, Zuckerberg and the popular computer scientist engaged in a one-hour face-to-face conversation. Only, it wasn’t actually in person at all. Source: Vitalii/AdobeMore Chinese banks are issuing loans in the digital yuan, the nation’s central bank digital currency (CBDC), as e-CNY corporate financing options diversify.Per Nanhai Net (via Hainan News), the latest development has taken place on the island province of Hainan, in the city of Sanya.The media outlet reported that the Sanya Branch of the state-run Bank of Communications this month “successfully issued a digital yuan fixed asset loan” worth over $20 million to a firm based in the city.The move marks the first time a bank in the city has used the CBDC to issue a loan.The Guanyin of Nanshan, a notable landmark in China’s Sanya. (Source: 钉钉[CC BY-SA 4.0])But banks across the nation say they are keen to use the CBDC – and its smart contract functions – in the corporate finance sector.Why Are Chinese Banks Keen to Use CBDC in Loan Deals?Banks claim that smart contracts and digital fiats help financial institutions trace money through every stage of the financing process.They say they are increasingly using the coin in green financing and other types of corporate loan deals.And financial providers claim that recipients also benefit from using the CBDC in loan deals, as this speeds up transactions and lets firms receive their money in “real-time.”But banks are likely the biggest winners in e-CNY corporate loan issuance.Chinese financial service providers have said that the coins lets banks to exercise “precise control over the flow of funds.”They say that CBDC loans have less chance of being “misappropriated.”And this means they can spend less money on “monitoring the flow” of the funds they lend companies.The Bank of Communications was one of the first banks in the nation to join the CBDC pilot.The bank said that it is currently “works with several parties” on the construction of new “digital yuan application scenarios and integrated financial services.”The bank concluded that it now plans to “strengthen its digital yuan promotion and application efforts” to “provide customers with safer, more convenient, and more affordable financial services.”A branch of the Bank of Communications in the Chinese city of Xi’an. (Source: miumiu熊[CC BY-SA 3.0])The bank has traditionally been active in the commercial financing and securities sectors, and was established in 1908.Biggest Crypto Gainers Today on DEXTools – DEE, KINGDOM, LOONG Why Did Citadel-Backed EDX List Bitcoin, Ethereum, ...“Right now we have seven filings; we don’t think that’s where this will end,” Staudt said. “We think that the regulators and the market are both going to approve and demand more solutions for deeper exposures and more specific exposures. Binance, the world's largest cryptocurrency exchange, announced in a statement that it will launch futures transactions for the altcoin called STRAX.

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