As the QQQ and SPY ETF Soars, Cryptocurrencies Could Follow - cyptoranking.com

2024-05-04

Popular crypto exchanges(2023 Update) 2024-05-04
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The Netherlands is known to have very elaborate and strict crypto regulations that require companies to register to be allowed to offer crypto services. The BIS report pointed out other issues such as vulnerabilities exposed in DeFi projects through the $70 million Curve Finance exploit and the collapse of Terra Luna’s algorithmic stablecoin. As the QQQ and SPY ETF Soars, Cryptocurrencies Could FollowSam Bankman-Fried trial: former Alameda CEO Caroline Ellison to testify Project Spartacus's website provides a public interface through which any person can “inscribe” –– Ordinals jargon for adding data to bitcoin –– a war log. There seem to be no fees associated with this action apart from network fees, a necessary component to any transaction submitted to the bitcoin network. The page also features a "donate" button, which opens up a panel through which users can optionally send bitcoin to Assange's cause. Donations are said to go towards supporting the following organizations: Freedom of the Press Foundation, The Information Rights Project and Reporters Without Borders.

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XTZ Chart / Source: AdobeTezos (XTZ), the cryptocurrency that powers the Tezos layer-1 blockchain protocol, has pumped over 11% on Monday.XTZ was last trading around $0.72 per token, having rallied as high as $0.746 earlier in the session to test its 100-day Moving Average, after enjoying a strong bounce from support in the mid-$0.60s on Sunday.Tezos markets itself as a blockchain that is designed to address key barriers facing the adoption of blockchains for the trading of assets and use of decentralized applications.There doesn’t appear to have been any one fundamental catalyst behind Monday’s upside.Rather, technicals could explain the move.XTZ appeared to break an important trendline dating all the way back to late 2021 on Monday, which could have potentially triggered some technical buying.When an asset breaks out of a long-standing downtrend like this, its often a sign its long bear market has come to an end, although it doesn’t necessarily mean the start of an aggressive new bull market.Price Prediction – Where Next For Tezos (XTZ)?Before the bulls declare victory and that XTZ has found a near-term bottom, XTZ needs to also break above its 100DMA and clear the way for a retest of its 200DMA at $0.85.A break above the 200DMA would then be required for the bulls to really become confident that the bear market is over.If XTZ can achieve this, a quick retest of the psychologically important $1 level could be on the cards, which would mark a rally of around 40% from current levels.However, bulls should remain cautious, as near-term upside is far from a guarantee.Firstly, macro headwinds remain strong – markets were gripped by risk-off on Monday thanks to geopolitical concerns amid the escalating Israel/Palestine conflict, but the main headwind is that the US economy continues to outperform expectations, pushing back the potential date for the start of a US interest rate cutting cycle.Secondly, the Tezos blockchain doesn’t appear to be thriving – its trade value locked (TVL) in smart contracts has stagnated now for months, as per DeFi Llama, and its monthly transaction numbers continue to deteriorate, as per TZStats.Tezos (XTZ) Alternatives to ConsiderXTZ could well pump in the near future, but its outlook is marred by downside risks.For those looking for a better probability of near-term gains, an alternative high-risk-high-reward investment strategy to consider is getting involved in crypto presales.This is where investors buy the tokens of up-start crypto projects to help fund their development.These tokens are nearly always sold cheaply, and there is a long history of presales delivering huge exponential gains to early investors.Many of these projects have fantastic teams behind them and a great vision to deliver a revolutionary crypto application/platform.If an investor can identify such projects, the risk/reward of their presale investment is very good.The team at Cryptonews spends a lot of time combing through presale projects to help investors out.Here is a list of 15 of what the project deems as the best crypto presales of 2023.See the 15 CryptocurrenciesDisclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.China Says Overseas Visitors Are Using e-CNY, Paying More Salaries with CBDC In January 2022, NFTs were experiencing an all-time high trading volume of US$5.8 billion. But, in just a few short months, the market would come to a screeching halt. After the collapse of Terra USD and Luna, Bitcoin’s price nose dive, and the industry-shaking meltdown of FTX, the NFT market became one of the many victims of the “Crypto Winter,” with the trading volume plummeting to US$395 million in August, a 30-month low, and traders are bracing for a further dip this month. This drastic decline is having artists, collectors and traders wondering if the industry is dying for good. Investing in Cryptocurrencies vs. Stocks: What's the Difference?Amid the ongoing downtrend in XRP price and transactional activity, a resilient group of crypto whales has been spotted buying millions of coins. Through the scammer’s persistent posturing, flaunting their (fake) wealth from business and multiple investments, including cryptocurrencies, and generally grand lifestyle, a potential victim will be reeled in.

Ethereum ranked first with a TVL of $55 billion, which resembles 67.3% of the TVL in the DeFi landscape. Ethereum is dominating with a wide gap, as the second chain has $6.9 billion. Bitcoiner Dylan LeClair added that it is like LN in the sense that it uses a multi-signature. He added that this allows the building of transactions, apps, and contracts above Bitcoin, with verification and settlement occurring on-chain. Compare Crypto Exchanges in Singapore 2023The top five NFT sales this week, according to cryptoslam.io data. General Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.Crypto Arbitrage Trading: How Does This Financial Strategy Work?

A DAO’s code is out there for anyone to view and improve on. Open-source projects are often more reliable simply because programmers can contribute to the wellness of the project. Usually by finding bugs and finding ways to improve the code. The one-time Goldman Sachs employee has traditionally been bearish on crypto, especially given regulatory scrutiny in the United States. Meanwhile, bitcoin is expected to remain volatile throughout this month. Binance Whales Make Deposits of $50M and $8M - Are They Buying the Dip?“It's very different than with cryptocurrencies to come up with numbers,” he added. 2 The price of the NEAR coin is trading at $1.047 and the 52-week trading range is between $1 – $5.

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