Unbanked-It's Your Currency - cyptoranking.com

2024-04-30

Popular crypto exchanges(2023 Update) 2024-04-30
Image: cyptoranking.com

The Oasis Network announced a partnership with SYNTHR on October 5, introducing a synthetic variation of its native token, ROSE. Ethereum, the second-largest cryptocurrency by market capitalization experienced a significant downturn by hitting $1,551, nearing a seven-month low. This drop comes after a challenging week in which it declined by over 8%. The Ethereum community is reeling from this shock, especially considering that ETH began October by breaking the resistance level of $1,700, only to find itself under intense bearish pressure now. Unbanked-It's Your Currency— Volcano Energy (@Volcano_Energy) October 3, 2023 Image Source: UnsplashItalian luxury watch manufacturer Panerai has revealed plans to include an NFT-based "digital passport" with every watch sold after October 3. The Panerai digital passport will serve as a record containing detailed information about each timepiece, establishing its digital identity and providing proof of authenticity at the time of purchase.To implement this blockchain-powered digital passport, Panerai has partnered with Arianee, a Web3 solutions provider. The luxury brand will showcase this initiative at the upcoming Watches and Wonders fair in Shanghai.The transferable nature of the passport allows it to be passed on to subsequent owners, documenting the watch's technical specifications and its journey throughout its lifespan. Panerai's NFT Passport Extends International Limited Warranty Panerai's NFT passport offers an additional advantage to holders by extending the international limited warranty of their watch for up to eight years, incentivizing registration. The company, with its 163-year heritage, anticipates that this functionality will open doors to "further value-added services and advantages."Panerai initially integrated Arianee's technology in March 2022 for a limited edition of its Radiomir Eilean Experience watch. This exclusive release included a one-of-a-kind NFT artwork and featured evolving content, with the digital passport playing a role in the artistic and experiential aspect of the offering. At that time, Panerai expressed its intention to expand the digital passport functionality to all its watches. Now, with the broader rollout, the focus is on the utility and enhanced customer experience, aligning with the luxury industry's current Web3 outlook.“Committed to elevating the client experience, we continually adapt and innovate to align with the changing times,” Panerai CEO Jean Marc Pontroué, said in a statement. “We firmly believe that digital identities are poised to transform possession of valuable assets, enabling our clients to trace the lifecycle of their watches, prove authenticity, and benefit from bespoke services tailored to each timepiece.”Watch owners can claim their digital passports either at the time of purchase from Panerai boutiques or by scanning a QR code on the warranty card. Arianee has established strong ties with the luxury watch industry, having collaborated with watchmaker Breitling on digital IDs as early as 2020. The company also works with renowned brands such as L'Oreal, Moncler, Lacoste, and the Richemont Group as a whole.Luxury Brands Adopt NFTs to Fight CounterfeitingPanerai's new feature comes as luxury brands are increasingly turning to NFTs to ensure the legitimacy of products. As reported, Prada Group, the parent company of Miu Miu, in cooperation with the Aura Blockchain Consortium, has launched blockchain services that allow customers to verify the authenticity of their purchased products.The Aura Consortium's blockchain technology enables customers to verify products by accessing a digital certificate of authenticity. Customers can tap their smartphones on items like Maison Margiela Tabi shoes, which contain embedded NFC chips. The chip then directs the phone to a website where the company provides an authenticity certificate, along with information about the product's origin. Animoca Brands Secures $20M Funding to Drive Ambitious Mocaverse Metaverse Project – NFT's Making a Comeback?

Exchange Rankings Crypto
Image: cyptoranking.com

The primary use cases driving transaction growth are gaming, social media tipping, and streaming, driving 27% of all growth, it revealed. Contract Selection: After deciding on a provider, users must select a mining contract that meets their needs. These contracts describe the amount of hashing power, the length of the contract, and the cryptocurrency to be mined. No-KYC Crypto ExchangesArchax's foray into the institutional crypto landscape followed the introduction of its insolvency remote custody offering, with both platforms complementing each other's services. To facilitate its expansion and product development efforts, the company successfully raised $28.5 million in funding last year. While proponents of decentralized exchanges champion the benefits of their peer-to-peer systems, DEXs have become a tempting target for cybercriminals.

Lastly, there’s only $32 million left in the public wallets of the Industry Recovery Initiative. The screenshot below shows that most of the funds have been withdrawn by the crypto companies. But LVR can tilt the playing field. “The AMM ends up buying at a price that is a little too high [and] ends up selling at a price that is a little too low. And over time, this little transaction cost accumulates. And so that makes the game unfair to the LPs.” Best Crypto Trading Brokers & Platforms of 2023Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together.The world of finance is undergoing a paradigm shift with the emergence of decentralized finance (DeFi). Powered by blockchain technology, DeFi offers a transparent, open, and permissionless alternative to traditional financial systems.In this article, we will delve into the world of DeFi, exploring its core concepts, benefits, and challenges. Join us as we navigate through the decentralized landscape of cryptocurrency trading.Understanding DeFi: Unlocking Financial FreedomLet's dive into the inner workings of this groundbreaking technology.Smart ContractsAt the heart of DeFi are smart contracts, which are self-executing agreements coded on blockchain networks. These contracts automatically execute predefined actions when specific conditions are met. Smart contracts ensure transparency, immutability, and security in DeFi transactions.Blockchain TechnologyDeFi relies on blockchain technology, most commonly the Ethereum blockchain. Blockchain provides a decentralized and transparent ledger where all transactions and data are recorded. It acts as a single source of truth, ensuring that participants can verify and audit transactions in real-time.Decentralized Applications (DApps)DeFi protocols are built as decentralized applications (DApps) on blockchain networks. These DApps offer various financial services, including lending, borrowing, trading, and investing, without relying on intermediaries like banks or brokers.InteroperabilityOne of the key features of DeFi is its interoperability. DeFi protocols are designed to work seamlessly with each other, allowing users to leverage multiple applications and services within the ecosystem. This enables innovative financial products and services to be created by combining various DeFi protocols.Decentralized Exchanges (DEXs)Decentralized exchanges (DEXs) play a crucial role in DeFi by enabling peer-to-peer cryptocurrency trading. DEXs operate without the need for a central authority, allowing users to retain control of their funds. They utilize smart contracts to facilitate trustless and secure transactions directly between participants.Liquidity Pools and Automated Market Makers (AMMs)DeFi platforms often utilize liquidity pools and automated market makers (AMMs) to enable efficient trading. Liquidity providers deposit their cryptocurrencies into these pools, which are used to facilitate trades. AMMs, governed by smart contracts, automatically determine token prices based on the ratio of assets in the pool, ensuring liquidity and continuous trading.Yield Farming and StakingDeFi introduces innovative concepts like yield farming and staking, incentivizing users to participate in the ecosystem.Yield farming involves users providing liquidity to protocols in exchange for rewards in the form of additional tokens. Staking, on the other hand, involves users locking their tokens to support network operations and earning staking rewards.Governance and Decentralized Autonomous Organizations (DAOs):Many DeFi protocols employ governance mechanisms through decentralized autonomous organizations (DAOs). DAOs enable token holders to participate in decision-making processes like protocol upgrades, fee structures, or asset listings. Token holders can vote on proposals, ensuring a democratic and decentralized governance structure.Security and AuditingWhile DeFi offers numerous opportunities, it is crucial to address security concerns. Understanding the risks, using reputable platforms, and employing best security practices are essential for safe participation in DeFi.Smart contracts are audited to identify vulnerabilities and mitigate risks. However, users must remain vigilant and conduct due diligence before interacting with DeFi protocols.Benefits of DeFiHere are some of the benefits of decentralized finance:Financial InclusionDeFi opens up financial services to anyone with an internet connection, enabling individuals from underserved regions to participate in global markets.TransparencyDeFi protocols operate on open and auditable blockchains, providing users with unparalleled visibility into transactions and smart contract operations.Elimination of IntermediariesBy removing intermediaries such as banks or brokers, DeFi reduces costs and enhances efficiency, ensuring a more equitable financial ecosystem.ProgrammabilityDeFi protocols are built on smart contracts, allowing for the creation of complex and automated financial applications that operate autonomously.What are the risks of DeFi?While DeFi offers exciting opportunities, it also comes with risks. Smart contract vulnerabilities, market volatility, and regulatory uncertainties are some key risks associated with DeFi. Diversifying investments, staying informed, and using reputable platforms to mitigate these risks are, thus, crucial. Some of the risks of DeFi include:SecurityDeFi applications are built on top of relatively new and untested blockchain technology. There have been several high-profile hacks of DeFi applications, so choosing your DeFi applications carefully is important.ComplexityDeFi applications can be complex and difficult to understand. It is important to do your research before using any DeFi application.VolatilityThe prices of cryptocurrencies, which are used to power DeFi applications, are volatile. This means that your investment could lose value quickly. DeFi and Cryptocurrency Trading: Empowering InvestorsOne of the key areas where DeFi has made significant strides is cryptocurrency trading. DEXs are platforms that facilitate the peer-to-peer exchange of cryptocurrencies without the need for intermediaries. Users retain control of their funds while trading directly with other participants, making DEXs more secure and resistant to hacks.Advantages of DEXsHere are some of the pros of decentralized exchanges:Enhanced SecurityDEXs eliminate the need for users to trust centralized exchanges with their funds, reducing the risk of hacks or theft.Greater PrivacyDEXs often operate without user identification or KYC procedures, allowing individuals to maintain their privacy.Lower FeesDEXs typically have lower transaction fees than centralized exchanges, as they remove the costs associated with intermediaries.Promote a highly regulated brokerage with an excellent reputation.Promote an established, highly forex regulated brokerage with a strong international presence and regulatory licenses across 6 jurisdictions. AvaTrade has built a global reputation for excellence over the last 15 years, and is an innovative and reputable brand.Choose from tailored made commission plans to fit your affiliate business model!Your success is our success. AvaPartner is here to help you every step of the way. We offer CPA, RevShare, and hybrid commission plans. Choose a tailor made commission plan that suits your affiliate business model and allows for rapid future growth. Our commission plans offer flexibility, transparency and maximum profitability to suit your business needs.Grow your business with AvaPartner!AvaPartner wants to build profitable long term partnerships with its affiliates. We’ll work with you to help build and grow your business. AvaTrade partners receive access to our cutting edge reporting dashboard that offers full transparency, high converting marketing materials, and expert affiliate advice and support in your language.Promote more than just Forex program and increase commissions!Increase your revenues by promoting AvaTrade’s complete asset index. In addition to trading CFD’s where you can trade the latest cryptocurrencies, forex, stocks, bonds, ETFs and indexes, you can promote options too! AvaTrade is opening the global markets and creating endless trading possibilities.Promote a leading innovative brokerage that offers more.AvaTrade invests heavily in the latest trading technology. We currently offer 9 trading platforms including the prestigious MT4 and MT5. Our innovative trading tools and apps are strong selling points when you promote our brand. ConclusionDeFi is a groundbreaking technology transforming the traditional financial system. By leveraging blockchain, smart contracts, and decentralized applications, DeFi enables direct peer-to-peer transactions, removing intermediaries and empowering users.Decentralized exchanges, liquidity pools, yield farming, staking, and governance mechanisms are just a few examples of the innovative concepts introduced by DeFi. However, as with any emerging technology, it is important to remain vigilant and conduct due diligence to ensure safe participation in DeFi.AvaTrade is a reputable platform to consider if you're interested in cryptocurrency trading. With over 50 cryptocurrency pairs available for trading, competitive spreads, and advanced trading tools, AvaTrade provides a comprehensive trading experience. With AvaTrade, you can access the exciting world of cryptocurrency trading while benefiting from a reliable and secure trading environment. Frequently Asked Questions (FAQs)Is AvaTrade safe?AvaTrade is a perfectly safe, highly secure trading platform powered with advanced tools that ensure that your funds aren’t compromised.Does AvaTrade have a mobile app?Yes, AvaTrade is available on the iOS App Store and the Google PlayStoreWhat trading options does AvaTrade support?AvaTrade supports Forex Trading, CFD trading, and crypto trading.NEST Protocol Martingale Network Blocknative, which was founded in 2018, now has 24 people in total, according to Cutler, implying about a dozen employees were affected.

Despite CZ Zhao’s transparency claims, the IRI has only deployed a fraction of its funds, approximately $30 million, with just one out of nine participants fulfilling their commitments. They may or may not be powered by blockchain or distributed ledger technology. A study by the Federal Reserve Bank of Boston and Michigan Institute of Technology’s Digital Currency initiative found ledgers hinder the scalability and efficiency of CBDC. Virtual Currency|NFA-National Futures AssociationSome examples of centralized cryptocurrency exchange platforms include: How Cloud Mining Works?

Have an opinion on this story? Share it!