Nigeria's Crypto Tax Signals Slow Walk to Official ... - cyptoranking.com

2024-04-24

Popular crypto exchanges(2023 Update) 2024-04-24
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And it all started with a meme. “Gaming is one of the fastest growing subsectors of the blockchain industry,” added AWS Head of Startups John Kearney in a statement. Nigeria's Crypto Tax Signals Slow Walk to Official ...The details are scant, but one would suspect that these tokenized fuel rods would be onboarded to the Maker protocol. Solana (SOL) investment product inflows came in second, with $5 million, as the only other asset to show inflows. Per CoinShares, this is its 27th week of inflows, with only four weeks of outflows for 2023, making it “the most loved altcoin this year.” On the flip side, Ether (ETH) products experienced outflows in the amount of $1.5 million. This marks its seventh consecutive week of outflows and, according to CoinShares, solidifies its status as “the least loved altcoin.” Related: CoinShares says US not lagging in crypto adoption and regulationFlows for other altcoin investment products, including XRP (XRP) — which saw more inflows than Solana during the previous week — were negative and minimal. CoinShares analysts attributed the lack of altcoin movement alongside Bitcoin’s trend-breaking momentum to a combination of factors:“We believe the inflows are a reaction to a combination of positive price momentum, fears over US government debt prices and the recent quagmire over government funding.”The quagmire referenced by CoinShares involves the ongoing negotiations over U.S. government funding. Earlier in the previous week’s cycle, fears over a funding bill stalemate led to predictions that the U.S. government would shut down on Oct. 2. However, a last-minute effort by Senate leaders allowed for the passage of a stopgap that ensures funding through Nov. 17. Whether Congress and the president can come to terms to fund the government beyond the current measure’s expiration remains to be seen. Geographically, Germany, Canada and Switzerland led the charge for the week, with digital asset investment product inflows amounting to $17.7 million, $17.2 million and $7.4 million, respectively. Australia and France held the line, metaphorically speaking, with $100,000 for the former and zero for the latter. The United States, however, registered $18.5 million in outflows, with Sweden and Brazil following suit at $1.8 million and $900,000 outgoing, respectively.

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Meta CEO Mark Zuckerberg and AI researcher Lex Fridman today showed off what Meta’s metaverse tech can really do, using ultra-realistic "codec avatars" developed by the company’s Reality Labs. The task seemed deceptively simple: explain a crypto or Web3 term to a room filled with “no coiners” – individuals with minimal to no prior understanding of cryptocurrency. WAGMI Games’ CEO, Ian Bentley, and VP of Partnerships, Scott Herman, took on the challenge of elucidating the acronym “N.F.T.” Unlike the other teams, they didn’t drown the audience in technical jargon. Instead, they made their presentation enjoyable and relatable to everyone in the room, as well as the viewers at home. Here's Why Young Traders Should Show Interest in the Trading of Commodity Derivatives“The Game That Shares its Profits with Players works. And it works well. All of the time, money, and energy that we put into this game together will not be forsaken by a few dinosaurs at some conglomerate.” A bullish divergence occurs when a momentum increase accompanies a price decrease. It often leads to trend reversals.

So let’s have a look at what these cycles are forecasting for Bitcoin and how we potentially could prepare for these outcomes. First of all, it's interesting to note that one date is forecasting the same outcome in the regular 4-year cycle, the 16-year cycle. The Process Cryptocurrency Market AnalysisBAPE, meanwhile, has done a wide variety of collaborations with gaming brands and beyond, and recently revealed its upcoming Bored Ape Yacht Club alliance. The brand will release apparel that pairs its own iconography with that of the prominent NFT collection, initially through a token-gated portal for NFT owners and eventually to the public.Improbable stands tall amidst metaverse chaos The countdown to Bitcoin’s halving is ticking away. As of now, 197 days remain, positioning the event on or about April 25, 2024. Yet, some trackers project an earlier date of April 21, 2024, and there’s even calculations showing a March 2024 occurrence.

August PCE Inflation Data: Federal Reserve's Key Measure Dips, Easing Market Concerns Per Kaiko, the bear market could be responsible for ether's underperformance relative to bitcoin. Centralized vs Decentralized exchangesSource: PixabayBalancer, the Ethereum-based decentralized finance (DeFi) protocol, is facing a security breach, marking the second such incident in less than a month. The platform issued a warning to its users after detecting an attack on its frontend, urging them to refrain from interacting with the Balancer user interface until further notice.The breach was revealed to the community on September 19th, around 11:49 pm UTC. $238,000 Worth of Crypto Stolen While the full extent of the attack is still under investigation, it has raised concerns among users and the broader DeFi community. Blockchain security firms, including PeckShield, and blockchain analyst ZachXBT, estimate that approximately $238,000 in cryptocurrency has been siphoned off.The attack's modus operandi appears to involve hijacking the Balancer domain, Balancer.fi. Users who accessed the compromised website were prompted to approve a malicious contract, unknowingly facilitating the draining of their wallets. Reports from affected users indicate that this deceptive approach has been quite effective.Despite the ongoing investigation, Balancer contributor Cosme Fulanito has provided some assurance that the protocol's vault remains "100% fine." This suggests that user funds held in the protocol may not have been affected, though official confirmation from the company is still pending.Balancer Protocol Exploited for $2 Million a Month AgoThis security breach comes as a disconcerting sequel to Balancer's recent vulnerability scare in August, where the protocol warned users of a critical vulnerability. Just days after the initial warning, the platform suffered an estimated $2 million exploit linked to the vulnerability. Although mitigation measures had been implemented to reduce risks, affected liquidity pools could not be paused, leading to the urgent withdrawal advisory for users.The Balancer team has learned from the previous incident and acted swiftly to investigate and contain the breach. Users are now advised to exercise extreme caution, refraining from any interaction with the platform's user interface until the situation is resolved, highlighting the constant battle for security and trust within the DeFi space.CFTC Targets DeFi Protocols Opyn, ZeroEx, and Deridex in Sweeping Crackdown Ordinal’s Falling Figures, Bitcoin’s NFT Sales Decline and the BRC20 Market

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