Coinbase Pro Announces Listing of Stablecoin Tether ... - cyptoranking.com

2024-05-06

Popular crypto exchanges(2023 Update) 2024-05-06
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Though spot crypto ETFs trade in a number of other countries, the SEC has never allowed such funds to launch in the US. The securities regulator on Tuesday extended its deadline to rule on the Ark 21Shares Bitcoin ETF to Jan. 10. From September 15, 2023 to October 8, 2023, the number of daily Ordinal inscriptions has dropped considerably. Coinbase Pro Announces Listing of Stablecoin Tether ...Blockchain data analytics platform Nansen’s CEO Alex Svanevik just outlined six themes that he thinks will play a role in the next “cycle” in the crypto market via a Tweet thread.Many analysts talk about macro themes such as potential easing of interest rates from the Fed and other major central banks, more certainty regarding crypto regulations, and increased institutional adoption as spot crypto ETFs gain approval as major drivers of the next bull run.But the themes Svanevik outlined were more nuanced and crypto sector-specific. Examine them one by one.Fintech Adoption Crypto as A BackendSvanevik noted that major fintech firms are increasingly moving towards using blockchain as their main backend.PayPal has already launched a stablecoin and Revolut is already letting its users stake ETH, he noted.Fintech firms are attracted to blockchains because of their potential to offer complete transparency, enhanced security, censorship resistance, fast and cheap transactions that offer zero cross border frictions.“Long-term, crypto replaces the backends for fintech,” Svanevik noted.Gambling And Betting Moving to BlockchainGambling and betting “just makes a lot more sense with a DeFi backend,” Svanevik noted, explaining that “instead of house taking a spread”, protocols can “live off the yields on capital”.Crypto casinos have been a huge success in 2023, with the likes of Rollbit seeing explosive user growth.Meanwhile, a new Telegram-based crypto Casino called TG.Casino is currently enjoying a highly successful presale, having last raised over $725,000 to power its new platform.Web3 can solve a number of problems that have plagued the traditional gambling industry by providing greater transparency, security and offering an avenue to gamble without having to give up custody of your funds.Real World Assets (RWAs)Svanevik predicts that real-world assets will increasingly move on-chain, particularly US government bonds or “t-bills”.Given they are yield-bearing, Svanevik hypothesized that on-chain t-bills will eventually eat up a substantial portion of the stablecoin supply.He noted he “would be surprised if @circle (and) @Tether_to don’t move here”.The total market cap of all USDT and USDC currently in issuance was last around $110 billion.Web3 GamingSvanevik admitted that he has been touting the potential of web3 gaming for some time, but noted that, “in the next 6 months, we’ll see games launch after 2+ years of building”.He noted he is backing Sipher Odyssey, MixMob and Axie Infinity.SocialFiGiven the recent growth of protocols such as friend.tech, Svanevik noted he expects SocialFi to be a major pillar of future crypto growth.Recent reports suggest that the development team behind friend.tech has amassed nearly $20 million in revenue since its launch in August.At its current pace, the platform is projected to generate an annualized revenue of $180 million.“It’ll take a few iterations (and forks), but I think this (SocialFi) is here to stay”, he noted.Physical NFTsSvanevik hailed Pudgy Penguins’ Luca Netz as “showing us the path to Walmart” for NFTs.Pudgy Toys are now available across 2,000 Walmarts in the USA.As per Walmart, “each toy has an official, scannable, redeemable code that unlocks digital penguin customization using different trait boxes”.“That way, you can obtain rare and epic traits and have a one-of-a-kind forever Pudgy Penguin registered to your name on the blockchain”.Coinbase Director Flags Alameda Research for Minting Nearly $40 Billion USDT in 2021 Prominent crypto tracker Whale Alert spread the word about a massive XRP transaction, carrying tens of millions of XRP to the Bitstamp platform from an unknown wallet.

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According to cybersecurity research firm Trend Micro, romantic scams are a common tactic among criminals, ranking among the top five scams of 2023. Even as AI tools like "LoveGPT" make headway into the world of online deception, it's still old-fashioned crypto scams that hold the lead. These digital currency deceptions have emerged as the most profitable scams of the year, even despite the volatile and speculative nature of crypto markets. Only 367,874 new addresses were created on the Bitcoin network on October 8. According to the Glassnode chart below, Bitcoin’s new-address acquisition rate has not dropped this low since July 22. Virtual-Currency Businesses Act,Regulation ofInflows into Ethereum stand at $10.2 million, showing "tepid appetite for the launch of Ethereum futures ETFs." According to the report, Bitcoin investments totalled $42.7 million. Cardano's ADA received the smallest portion of institutional funds last week - $0.2 million, the CoinShares report states. Amidst the churn of geopolitical unrest, billionaire investor Paul Tudor Jones heralds Bitcoin as a robust choice for investors.

Source: Shiba Inu Twitter For example, in July 2023, almost $60 million in Ether, stolen from the AnubisDAO two years earlier, was moved via Tornado Cash. The person possessing the 13,556 ETH divided and transferred the funds in 100 ETH transactions. Your First Crypto Wallet: What Is a ...-CoinDeskBitdeer It is worth mentioning that one entry will be chosen through a random draw for the ultimate winner. This random draw will include all eligible entries received throughout the Sweepstakes Period.Gemini Crypto Exchange Picks Ex-Fintech Payment Firm VP to Lead India Expansion

Source: QNT/USD by TradingView "ETH’s underperformance is likely due to the ongoing impact of the bear market, which historically has seen traders turn to BTC, the oldest and largest crypto asset. ETH spot trade volume has also stayed mostly flat over the past two months, only spiking above $2bn a handful of times," Kaiko's research team said in a weekly note to subscribers on Monday. 11 Examples of Decentralized Applications (DApps)Read more: A Guide to The Most In-Demand Jobs Among Candidates in Web3 The swap has led to a fall of 3% in Ethereum’s price, which is currently being traded at $1,592.

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