Robinhood Releases Crypto Wallet, With Its Eyes on a ... - cyptoranking.com

2024-04-28

Popular crypto exchanges(2023 Update) 2024-04-28
Image: cyptoranking.com

Nomic requires only 10% of its validator set to be honest to ensure the safety of the bridge, according to Bell. According to IntoTheBlock data, Ethereum is currently hovering above a demand zone with a lower support level of $1,533. This is where 2.39 million ETH were bought by 1.83 million Ethereum addresses. Robinhood Releases Crypto Wallet, With Its Eyes on a ...(Inside AdamLZ’s Nissan S15 Drift Car) Despite this week’s sales being 11.65% lower than the previous week, there’s a silver lining: the count of NFT purchasers surged by 17.77%, while the tally of sellers jumped by 15.82%. Data sourced from cryptoslam.io reveals that NFT sales on the Ethereum platform took the lion’s share, accounting for $38.10 million of the week’s turnover.

Exchange Rankings Crypto
Image: cyptoranking.com

But if that resistance level caves, Shiba Inu’s price could rally toward the $0.00001 range. That figure exceeds the total number of NFTs minted on the other major blockchain networks like Solana, Ethereum, and Polygon during their first 200-day periods. What is the lowest amount to invest in crypto?According to the post, the deployment of FRAX v3 has begun, and is expected to be completed in the next few weeks. The cryptocurrency saw its price decrease by 1.72% in the past 24 hours of trading. As a result, CoinMarketCap indicated that FXS was trading hands at $5.37, which was just above its daily low price of $5.40. Ether’s recent underperformance isn’t helping either, Mishra added. The asset is up 39% on the year but was down nearly 4% on the day as of 4:45 pm ET.

When the market is manipulated and the price of a coin surges based on false statements, it is known as a “pump” and when the coin is sold before the price downsizes, it is termed a “dump”. However, this scheme is illegal as investors look into increasing the price of a coin and then selling their holdings before the price goes down. However, pump and dump isn’t applicable for cryptocurrency alone but is also used in stock markets. Bitcoin price is moving lower below the $27,200 support. BTC could decline further if the Israel-Hamas war escalates in the near term. Unveiling the Rich Lists of the Top 10 CryptocurrenciesBankman-Fried, in the thread, describes his "biggest failure" — losing track of millions of dollars worth of Ripple tokens. "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." (Emphasis in original throughout.) Eddie Yue Wai-man, CEO of the Hong Kong Monetary Authority, added that e-HKD could be used in different areas like programmable payments and new regions like tokenized deposits and tokenized assets.

Immutable has joined AWS’s ISV Accelerate Program, a sales program for companies that use AWS services in their products. Game developers using the Ethereum-compatible Immutable X blockchain can now join AWS Activate, a program for startups that offers technical support, up to $100,000 in AWS credits, and other resources. With Hong Kong’s recent introduction of a regulatory licensing program for digital asset operators, there’s been a surge in interest from various players, especially cryptocurrency exchanges. Cryptocurrency Laws and Regulations by StateCrypto arbitrage trading is a financial strategy that involves buying and selling cryptocurrencies in sync to generate profit. Each trader shares the same goal: exploit any price differences between the exchange platforms on which the crypto is traded. 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

Have an opinion on this story? Share it!