WazirX: Nischal Shetty built India's largest crypto trading ... - cyptoranking.com

2024-05-03

Popular crypto exchanges(2023 Update) 2024-05-03
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“Firstly, High APRs, as AnkrETH boasts one of the best APRs in the market, thanks to the efficiency of our node operation and the distribution of MEV rewards. In addition to this, additional liquidity and capital efficiency of your assets as Unlike traditional staking, ankrETH maintains liquidity, allowing users to access their assets whenever needed while allowing you to participate in various DeFi protocols while still benefiting from staking rewards. This is also meaningful as users still get exposure to Ethereum's Growth. As the price of Ethereum rises, so does the intrinsic value of ankrETH, offering users the potential for significant capital appreciation. Last but not least, knowing that they are contributing to network Security of Ethereum since by staking with Ankr, users actively contribute to the security and decentralization of the Ethereum network, further enhancing its robustness and reliability.” OpenSea ‘unaware’ of any involvement of former exec in $60M rug pull WazirX: Nischal Shetty built India's largest crypto trading ...Stock prices with a correlation to bitcoin higher than Block’s 0.61 correlation include Coinbase and MicroStrategy — at 0.93 and 0.90, respectively, he added. The price of Ethereum’s native token, Ether (ETH), has gained around 35% in 2023 so far. But its attempts to break above $2,000, a psychological resistance level, have witnessed strong bearish rejections multiple times.ETH/USD daily price chart. Source: TradingViewCointelegraph takes a closer look at the three likely reasons why Ethereum price has failed to decisively retake $2,000 since May 2022.Ethereum price paints bear cycle fractalEthereum’s inability to cross above $2,000 in 2023 resembles the bearish rejection near $425 from 2018 to 2019.ETH/USD weekly price chart. Source: TradingViewIn both cases, Ether appears to be in a recovery phase while eying close above its 0.236 Fib line of the Fibonacci retracement graph.From 2018 to 2019, the 0.236 Fib line was near $425 and was instrumental in limiting Ether’s recovery attempts. In 2023, the same line is near $2,000, enforcing itself again as a selling area and, thus, pressuring ETH’s price lower.Stronger U.S. dollar, BitcoinA strengthening United States dollar has dampened demand for Ethereum in recent months, thus reducing its ability to close decisively above $2,000.The prevailing negative correlation between top cryptocurrencies and the dollar has been the main culprit. In 2023, in particular, the weekly correlation coefficient between Ether and the U.S. Dollar Index (DXY) has been consistently negative, as shown below.ETH/USD and DXY weekly correlation coefficient chart. Source: TradingViewMeanwhile, Ethereum has largely underperformed Bitcoin in 2023 due to the ongoing spot Bitcoin ETF hype. For instance, the widely-tracked ETH/BTC pair is down 20% year-to-date. ETH/BTC daily price chart. Source: TradingViewAdditionally, the net capital held by Ethereum-tied investment funds has dropped by $114 million so far in 2023, according to CoinShares’ weekly report. In comparison, Bitcoin-based funds have attracted $168 million in the same period.Related: Time to ‘pull the brakes’ on Ethereum and rotate back to Bitcoin: K33 reportEthereum network activity dipsThe total value locked (TVL) across the Ethereum ecosystem has dropped from 18.41 million ETH to 12.79 million ETH so far in 2023. That underscores a reduced availability of funds, resulting in lower yields for investors, as JP Morgan analysts also warned recently.Ethereum TVL since 2019. Source: Defi LlamaThe declining TVL has accompanied a drop in the Ethereum network’s gas fees, which reached a yearly low on Oct. 5. #Ethereum's network has been particularly cheap to use, and this week's average fee level of $1.13 is the lowest since November, 2022. Though not a perfect signal by any means, lower $ETH costs generally lead to a rise in utility and price rebound. https://t.co/ymXFwGJh49 pic.twitter.com/PEGpXMmZ3q— Santiment (@santimentfeed) October 4, 2023

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*This is not investment advice.Web3 foundation plans to allocate $22 Million to Polkadot projects — Robert F. Kennedy Jr (@RobertKennedyJr) October 9, 2023 Binance acquires Indian crypto exchange WazirX to serve ...Wang testified that later he said that the tweet was true but misleading. It was not possible to liquidate the exchange’s FTT tokens, as a sale of that magnitude would cause the token’s price to fall, he said. The game, which uses non-fungible token (NFT) technology, was first introduced on the Ethereum blockchain. To expand, Sky Mavis, the game’s developers, developed a layer two (L2) chain named Ronin. The rollout of Ronin finished in February 2021, and by April of the same year, all Axie NFTs transitioned from Ethereum to Ronin.

Examples of DAOs Bitcoin mining profitability, unlike during its initial stages, is now unstable. In addition, many countries, such as China, have made mining illegal. Therefore, it is necessary to check several aspects of mining before deciding to venture into the mining world. 2023 Update: Top Crypto Exchanges in IndiaDecentralized finance technology has been around for a while now but still hasn’t managed to attract the mainstream crowd, investor Santiago Santos observes. “We’re a decade in and we have ten users in DeFi,” he quips. Total value locked (TVL) in USD. Source: DeffiLama

Bitcoin is the largest, longest-running, decentralized, and most secure digital currency of all time, but it is far from the first such attempt. We as a community would do well to remember that bitcoin stands on the shoulders of previous projects, spanning across decades of work. Satoshi built upon the technical underpinnings of said projects, their successes and failures, and each unique cultural ethos. Morgan responded to Alfred’s Ethereum criticism by referring to a post he made over a year ago. In the referenced post, Alfred described Ethereum as a non-competitive protocol, condemned Cardano as a broken project, and qualified Hex and XRP as securities. PRIMER: initial margin under UMR— 𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖 🧲 (@el_crypto_prof) October 9, 2023 Details unveiled by the XRP-centred data platform Bithomp show that in both cases the initiator of the transfers was San Francisco-based fintech behemoth Ripple Labs.

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