Cryptocurrency Investment Types - cyptoranking.com

2024-05-01

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When the curious onlooker turns to their trusted crypto-native friend to ask how to join in the next wave, they will need guidance onboarding to an accessible and safe platform, the Synthetix founder says. A no-fail trade? Bitcoin traders who dollar-cost average are profitable Cryptocurrency Investment TypesWhat Is Ethereum: Complete Guide to the 2nd Largest Blockchain ProjectExplaining Ethereum Name Service (ENS): What Is It and How Does It Work?Ethereum vs Bitcoin: Use Cases, Technical Differences, Scaling IssuesWhat Is DeFi? Let’s Understand Decentralized Finance Yield Protocol’s website lists backers like Paradigm, Framework Ventures, CMS, and Robot Ventures. The platform attracted over $22 million in TVL at its April 2022 peak, and sits at just over $2 million today.

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What is the Merge? In other news, Ripple Labs hired former U.S. white house staff member Lauren Belive as the new head of U.S. Public Policy and Government. New Crypto Products Launch; CBDC and NFT Reports ...Today’s report, as Wouters wrote, puts to bed the meme that “nobody uses Lightning.”Bitcoin price could hit $750K to $1M by 2026 — Arthur Hayes Ultimately, it creates disproportionate work between the hunter and the hunted.

The Way Forward Source: CircleCircle, the stablecoin issuer, has announced its plans to begin minting USD Coin (USDC) directly on the Polygon network.According to a press release issued on Tuesday, USDC is now accessible to users and developers on the Ethereum layer-2 scaling solution. This ends the bridged USDC from Ethereum (USDC.e), popular with many developers. Stablecoins have gained immense popularity in the crypto world due to their ability to maintain a stable value. USDC is the 6th largest cryptocurrency and the second-largest stablecoin by market cap, according to Coinmarketcap. The digital asset is an established and trusted asset that enables millions of customers to securely access and move their funds. Circle's collaboration with Polygon comes with many benefits. This solution enables businesses and developers to access on/off ramps for USDC on Polygon PoS – eliminating the costs and delays previously associated with third-party bridging.In addition, Circle Mint and Circle's developer APIs fully support USDC on Polygon.As a result, transactions on Polygon can be executed swiftly and cost-effectively, making it an ideal choice for remittances, trading, and decentralized applications (dApps) that rely on stablecoins.Before the introduction of Circle's native Polygon-based USDC, businesses were required to use bridged USDC (USDC.e) from the Ethereum blockchain. It's important to note that Circle didn't issue this token, so it couldn’t be redeemed. However, the new native USDC on Polygon can be redeemed at a 1:1 ratio for United States dollars.In addition to minting USDC on Polygon, Circle would now discontinue the deposits and withdrawals of USDC.e on Polygon through Circle Mint and its APIs. This would be finalized on November 10, 2023.Furthermore, the USDC issuer has plans to launch a cross-chain transfer protocol to connect with other blockchain networks via Polygon later in the year. A Great Step for CirclePolygon PoS is a scalable Proof of Stake (PoS) blockchain that complements Ethereum's decentralized security with quicker settlement times and improved cost efficiency. As of October 2023, the Polygon PoS ecosystem boasts over 475 dApps and more than 300,000 active wallet addresses.The integration of USDC on Polygon marks a significant milestone in the evolution of the blockchain industry. It allows users to enjoy the best of both worlds – the security and decentralization of Ethereum, coupled with the speed and efficiency inherent in Polygon.As the cryptocurrency landscape continues to evolve, innovations like this demonstrate the industry's commitment to creating more accessible and efficient financial systems for everyone.6 Themes Important Themes for the Next Crypto Bull Run, According to Nansen’s CEO How to Properly Sell your Bitcoin in CanadaIn the digital banking era, many governments are struggling to strike a balance between innovation and regulation. Hong Kong's approach to retail stablecoins reflects the city's dedication to financial stability, preventing criminal activity, and adhering to international standards. “Simple but effective method. Sharing here so others don’t fall for it.”

The upcoming bitcoin halving could be a boon for the share price of payment company Block, as Berenberg Capital Markets analysts argued bitcoin’s impact on the stock is more than it should be. After FTX employees realized that the attacker had complete access to a series of wallets, the team declared that "the fox [was] in the hen house” and scrambled to keep the remaining funds out of the hacker’s hands. Is it worth buying $5 of Bitcoin?At $0.5036, Stacks (STX) had gained 1.60% in the past 24 hours, making it the third-highest gainer on CoinMarketCap. Stacks’ native token is represented with the ticker STX and boasts a $712.4 million market cap. Stacks is a layer 2 protocol on the Bitcoin network that enables smart contracts development. The Stacks project enables smart contracts and decentralized applications to use bitcoin as an asset and for transaction settlements. According to the announcement from Circile, businesses and developers will be able to build decentralized applications (DApps) with USDC on Polygon. The new offering is touted to enable near-instant, low fee transactions for a variety of use cases including payments, remittances, trading, borrowing and lending.

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