Can crypto make you a billionaire? - cyptoranking.com

2024-05-10

Popular crypto exchanges(2023 Update) 2024-05-10
Image: cyptoranking.com

A conservative approach may dissuade innovative fintech firms from entering the Hong Kong market. This could impede the city's capacity to be at the cutting edge of blockchain and cryptocurrency innovation. Sloss explains that the new projects will tap into “new potential mechanisms for value creation that exist in the Web3 space.” Can crypto make you a billionaire?Negative pessimism has permeated the last day’s markets, sending Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) to new 7-day lows. The inability of Bitcoin to break beyond $28,300 has been a significant contributor to the decline. The world of cryptocurrency is again in the spotlight as the U.S. Securities and Exchange Commission (SEC) recently postponed its decision to approve a spot Bitcoin exchange-traded fund (ETF). This delay marks the third such postponement and raises questions about the regulatory future of digital assets. As the community awaits the SEC's final verdict, other developments are unfolding. First, Ripple ($XRP) has experienced a period of stagnation, but this may soon come to an end. And second, one of the new DeFi projects, InQubeta ($QUBE), has managed to attract substantial funding during its presale phase, showing the continued enthusiasm for blockchain-based investments.SEC Defers Bitcoin ETF Verdict Once MoreOn September 26th, the SEC again deferred its verdict on a Bitcoin ETF, marking the third delay for a proposal submitted by ARK Invest and 21 Shares.Initially filed in April, the ETF proposal had investors and beginner cryptocurrency enthusiasts on the edge, expecting a verdict by November 11th. However, the SEC has extended the timeline until January 10th to reach a decision. This postponement has left the crypto community in suspense and raised the stakes for other companies eagerly awaiting approval for similar financial instruments.Among these hopefuls are industry giants BlackRock and Fidelity, both seeking the green light from the SEC. Additionally, GlobalX, a prominent exchange-traded fund provider, had its bitcoin ETF application delayed on the same day as the ARK Invest and 21 Shares proposal.The delay has sparked concern among lawmakers urging the SEC to expedite the approval of a spot bitcoin ETF. In a letter addressed to SEC chief Gary Gensler, four House Financial Services Committee members argued that such an investment vehicle is no different from other crypto futures ETFs that have already received regulatory approval.However, Gensler's stance on the crypto industry has been clear over the past year. He has actively sought to tighten regulations, particularly in the aftermath of the collapse of FTX in late 2022. Legal battles with top ICO platforms like Binance and Coinbase have further underscored his commitment to a more tightly regulated crypto landscape. Gensler's warnings about the prevalence of fraud in the crypto sector earlier this year have also impacted the industry.Ripple ($XRP) Experiences StagnationRipple’s $XRP token performed reasonably well on September 29 - charting mild gains of 2.5% and overcoming the critical $0.50 resistance level. This may indicate that the token is on the road to recovery after a period of stagnation that saw its altcoin price hovering between $0.47 and $0.49 for several weeks in June and July. The uptick in $XRP price is being driven by several positive developments. These include Ripple rescinding on a deal to acquire Fortress Trust this month, as well as the very recent improvement in market sentiment that also saw other top crypto coins recovering from their lows. This journey for $XRP highlights the volatility of the altcoin market and the importance of diversification in crypto investing.InQubeta ($QUBE) Presale Pulls Significant FundsAmidst the uncertainties surrounding the SEC's decision on the spot bitcoin ETF, InQubeta ($QUBE) has emerged as one of the best altcoins to invest in. Despite the overall bearish market conditions, the InQubeta presale has continued to gain momentum, positioning itself as one of the more attractive altcoins to watch for those seeking to capitalize on the crypto market's potential.One of the key factors driving the success of InQubeta's presale is its unique approach to democratizing AI investment. Traditional investment avenues often impose stringent requirements that exclude a significant portion of the global population from participating. InQubeta's ($QUBE) innovative solution - a fractional investment system where AI startups can divide their investment opportunities into smaller, more accessible portions - levels the playing field, allowing anyone with a cryptocurrency wallet to own a stake in AI firms poised to disrupt various industries.Companies seeking access to InQubeta's non-fungible token (NFT) creation area and marketplace undergo an initial evaluation. They raise funds by minting and selling equity-based NFTs representing their operations' equity and which can be considered the blockchain equivalent of stocks. The value of these trending NFTs is linked to the sum of each startup's intangible and tangible assets, with some tokens offering bonus rewards such as discounts or a share of future profits. Investors can purchase NFTs using $QUBE ERC20 coins. Investors also have the option to directly invest in the InQubeta ($QUBE) network by holding the $QUBE tokens they acquired. With a token supply limit of 1.5 billion and burn taxes in place, $QUBE encourages long-term price growth. This makes it an attractive proposition for investors, especially given its current undervaluation.One notable feature of InQubeta's presale is its structured approach, comprising ten stages, each associated with a specific price point. As the project progresses through these stages, the token's price gradually increases, allowing early participants to witness firsthand the growth of their investments. InQubeta's presale is currently at stage 4, with a token price of $0.0133 per token, poised for a slight increase to $0.0161 in the upcoming phase.With a growing Twitter following and a vibrant online community, InQubeta ($QUBE) has gained traction as investors and enthusiasts share their excitement and insights about this innovative project.ConclusionWhile the SEC's continued deferral of the spot bitcoin ETF decision has left the crypto community in suspense, $XRP’s recovery from stagnation and the initial success of InQubeta's presale have brought some much-needed cheer to the market. InQubeta ($QUBE), in particular, has emerged as one of the best cryptocurrency to invest in 2023. Its unique fusion of AI and blockchain technology and its commitment to democratizing AI investment have garnered significant interest and support from the investor community.Investors can capitalize on its structured approach and potential for substantial returns as the presale progresses, making InQubeta ($QUBE) a top cryptocurrency in today's dynamic crypto landscape.Visit InQubeta Presale Join The InQubeta CommunitiesChimpzee Burns 80% of its Original Supply to Fuel Price Action

Exchange Rankings Crypto
Image: cyptoranking.com

Merger intrigue Source: YouTube/UBSLeading Swiss asset management bank UBS has announced the debut of its first live pilot of a tokenized Variable Capital Company (VCC) fund on the Ethereum blockchain in Singapore. In the published press release, the company stated that the money market fund is part of a wider VCC umbrella built to integrate various real-world assets into the blockchain. The UBS pilot is part of Project Guardian, a collaborative industry initiative to tokenize real-world assets. It is controlled by the Monetary Authority of Singapore (MAS), the city-state's central bank and financial watchdog.The VCC fund represents a legal entity for investment funds in Singapore, initially introduced in January 2020 to solidify the city-state's position as a hub for fund management operations. Thomas Kaegi, the Head of UBS Asset Management for Singapore and Southeast Asia, highlighted that the launch of the live VCC marks a significant milestone in the exploration of fund tokenization.He also expressed the firm's commitment to partnering with traditional financial institutions and fintech providers to enhance market accessibility for investors.These collaborations will contribute to gaining insights into improving market liquidity for their clients.According to the public announcement, the asset management bank rolled out the controlled pilot of the tokenized money market fund through its in-house tokenization service dubbed 'UBS Tokenize.' Through smart contracts deployed on the Ethereum public blockchain, the live pilot enables the firm to process various activities such as subscriptions and redemptions. UBS's Entry Into the Tokenization Space May Propel More GrowthFollowing the successful rollout of UBS's first pilot transactions, the asset management firm intends to expand its offerings under Project Guardian and engage in partnerships involving various investment strategies.However, the firm has already made significant strides toward exploring potential decentralized finance (DeFi) use cases through tokenization services. On November 3, UBS launched the world's first digital bond to be traded on public markets. This was followed closely by an issued $50 million tokenized fixed rate note in December.On June 9, the UBS Tokenize platform was used in Hong Kong to issue digital structured notes by the Bank of China Investment (BOCI), which amounted to CNH 200 million ($27.3M). These tokenized notes were created and deployed on the Ethereum blockchain. Although relatively new, UBS tokenized service and VCC fund can reshape the digital asset landscape and the broader financial system in the coming years.Grayscale Pursues Ethereum Spot ETF Amid ETH Futures ETF Boom 16 Best Places to Buy Ethereum & Bitcoin with Credit cardThe decentralized finance space remains an emerging market that still faces some flaws. DeFi is yet to reach its desired level of adoption, and for it to do so, blockchains must become more stable. Blockchain infrastructure is still in its early form, most of which is inefficient for developers and users alike. Low Gas Fees: Binance understood that gas fees play a huge role in crypto. Low gas fees make Binance Smart Chain a solid choice for developers and users, compared to Ethereum.

Likewise, an X user downplayed the notion of manipulation and asserted that the so-called “wealthy elite” and major bankers were not concerned with XRP. The commenter called for concrete evidence and sources to support such claims. Lubin: The current period of regulatory scrutiny is a natural reaction at the end of the economic super cycle. It’s a generational super cycle where you’ve got different age groups that interact with one another and repeat certain patterns. Then it’s a monetary system and debt super cycle. The people who are in control of the world have vested interests and want to perpetuate current systems. Rightly so, because a lot of people depend on those systems. 10 Best Crypto Hardware Wallets: Top Storage Picks for 2023Preferential payments in a bankruptcy are transactions made just before the bankruptcy filing that potentially gave the recipient a better payout as a creditor than they may have received in court. In this case, 3AC lawyers said Tuesday that the company made as much as $270 million in such payments to BlockFi – more than was previously disclosed. BONE's Transformation: Shiba Inu's gas fee token, Bone ShibSwap (BONE), underwent a transformation. The SHIB Token developer team renounced it, opening doors for potential listings on major exchanges. This action capped BONE's max supply at 250,000,000 tokens, removing previous governance restrictions and paving the way for broader adoption and trading.

International Compliance: Hong Kong is dedicated to international anti-money laundering (AML) and counter-terrorist financing (CTF) compliance. The use of retail stablecoins can raise concerns about anonymity and the possibility for these digital assets to be used for illegal purposes. Addressing these issues is crucial for Hong Kong's international standing. The outcome was to build a “decentralized, but off-chain order book and matching system,” Julio says. Taking the concept of the Ethereum mempool, where transactions wait to be mined, Julio says “what if we had the entire order book not have to be put on-chain?” Is stock market closed today? Trading on BSE, NSE to remain suspended on Guru Nanak JayantiLike any new technology, however, DeFi’s growth has come with its share of painful experiences, which have kept many would-be participants on the sidelines. But remarkable progress in artificial intelligence (AI) gives me hope that it will be the catalyst for DeFi to continue its evolution. Blockchain data platform Chainalysis found that institutional investments (each exceeding $1 million in value) constituted more than 67% of cryptocurrency transactions in the federation of seven emirates between July 2022 and June 2023.

Have an opinion on this story? Share it!