Dogecoin price breaks record-high AGAIN as Gemini and eToro adopt DOGE meme coin - cyptoranking.com

2024-05-13

Popular crypto exchanges(2023 Update) 2024-05-13
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Diesel Offers Access to Milan Fashion Week Show With Latest NFT Drop Cutler: While this was a topic of active discussion, specifically we never got that far. I think from our perspective this is really not about covering our costs. I mean, certainly the costs are substantial, but you know we’re trying to build a business here. And so just keeping the lights on and maybe not even paying for engineer salaries doesn’t really cut it. We’re trying to drive growth, right? Dogecoin price breaks record-high AGAIN as Gemini and eToro adopt DOGE meme coinBilly Markus responded to Musk's comment, suggesting that the "realness" of cryptocurrency is "transitory." This statement can be interpreted in multiple ways. It could mean that the value and acceptance of cryptocurrencies are evolving, or it might hint at the volatile nature of the crypto market, where assets quickly gain and lose their value. Gemini’s expansion into India is reflective of a broader trend among crypto firms. In March 2021, Coinbase opened its office in India and began hiring engineering staff. Meanwhile, BitGo, a California-based crypto custodian, is hiring for nearly a dozen roles for its Bengaluru office.

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More from Web3 gaming space: Join the ENF and DappRadar for a Web3 Trends Discussion The Top 5 Safest Cryptocurrency ExchangesWith the bearish pressure from the Ethereum foundation still in the air, they will likely prevent a major price rally. That Axos voluntarily serves Binance as a customer isodd, particularly as the SEC is suing the parent companies of Binance US and Binance.com, as well as its founder, Changpeng Zhao. After the SEC sued Binance, US customers slowly withdrew funds and stopped using Binance US. Once popular, the exchange has embarrassingly downranked to 63rd among global exchanges.

The latest functionality to join the DePIN stack will be confidential computing, allowing developers to compute encrypted data. This new framework is written in Rust. Because of this concentration of market dominance, AWS frequently sets industry norms and pricing benchmarks. Smaller cloud service providers may find it difficult to compete successfully since they lack AWS's scale and resources. This has sparked debate about the potential impact on competition and innovation in the cloud services market. Huobi USDT-Margined Swaps Launches 100,000 USDT Prize Pool Campaign Along with App ServicesOn Oct. 2, the price of Bitcoin (BTC) saw a 5.5% intraday increase to $28,600, but the largest cryptocurrency by market capitalization lost momentum as the highly anticipated launch of Ether (ETH) futures exchange-traded funds (ETFs) failed to generate significant trading volumes. While the recent rally into the upper end of the current price range was likely encouraging to investors, recent comments from United States Federal Reserve representatives reiterated concerns about an impending economic downturn.Bitcoin demonstrated short-term strength by maintaining support at $27,200 on Oct. 3 and subsequently surged above $27,500 on Oct. 5. Nevertheless, three key trading metrics indicate a lackluster level of support. These metrics encompass spot market volumes, derivatives and confidence in the approval of a spot Bitcoin ETF.Macroeconomic forces exert downward pressure on Bitcoin priceOn Oct. 2, U.S. Federal Reserve Vice Chair for Supervision Michael Barr stated in New York that he anticipates a slowdown in economic growth “below its potential” due to higher interest rates constraining economic activity. He also noted that the full impact of the current monetary policy has yet to be realized. According to the CME FedWatch tool, the market is currently evenly divided on the possibility of another interest rate hike by the Fed in 2023.On Oct. 3, the real yield on U.S. 10-year Treasurys, a measure that adjusts for inflation, reached 2.47% — its highest level in nearly 15 years — according to data from the U.S. Treasury Department. This development partly explains the U.S. Dollar Index (DXY) reaching its highest point in 10 months.Additionally, Reuters reported that the U.S. has become a relatively more appealing investment destination due to its “resilient economy,” boasting stronger growth prospects when compared with Europe and China.Bitcoin trading metrics show diminished activity for leverage longsBitcoin monthly futures typically trade at a slight premium to spot markets, indicating that sellers are asking for more money to delay settlement. As a result, BTC futures contracts should typically trade at a 5%–10% annualized premium — a situation known as contango, which is not unique to crypto markets.Bitcoin 2-month futures annualized premium. Source: Laevitas The BTC futures premium continues to trade below the 5% neutral threshold, remaining in the neutral-to-bearish range. This indicates a lack of demand for leveraged long positions.Additionally, spot trading activity on traditional exchanges has declined to levels not seen since late 2020, signifying reduced participation by institutional investors.Bitcoin daily spot trading volume, USD. Source: Messari and Kaiko It’s worth noting that the decrease in trading volumes may be attributed to major U.S.-based trading firms, such as Jane Street Group and Jump Trading, distancing themselves from the cryptocurrency markets ahead of May 2023. Bloomberg reported that the primary reason for this shift was “heightened regulatory scrutiny,” which rendered the market less appealing to institutional investors.Related: Bitcoin price drops its early week gains — Here is whyInvestors’ expectation for a spot BTC ETF drops One of the factors supporting Bitcoin’s 68% gains in 2023 is the anticipation of approval for a spot Bitcoin ETF by the U.S. Securities and Exchange Commission. However, despite the regulator’s multiple postponements, the recent launch of Ether futures-based ETFs on Oct. 2 saw lackluster demand.Furthermore, despite a favorable court ruling for the conversion of the Grayscale Bitcoin Trust into a spot Bitcoin ETF, it continues to trade at a 19% discount compared with its Bitcoin holdings. This data indicates a lack of confidence in the approval of a spot Bitcoin ETF, as investors would have the option to redeem their shares at par value following the conversion.Ultimately, Bitcoin was unable to surpass the $28,500 resistance level, and Federal Reserve representatives warned of impending economic pressures. Consequently, the prospects of breaking above this resistance in the short term appear less than favorable.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. A Bitcoin whale, dormant since 2020, reawakened to move 5,000 BTC from wallet address 1LH1dy. The funds were moved to two new addresses, according to on-chain data provider Arkham Intelligence.

Egress fees, technical barriers to interoperability, and committed spend discounts have been cited as problematic practices that hinder businesses' ability to move data between cloud providers and encourage exclusive use of a single provider. These practices can limit the freedom of choice for businesses seeking cost-effective cloud solutions. Besides the direct sell-offs from the Ethereum Foundation, leaders within the community, including co-founder Vitalik Buterin, are also known to liquidate enormous amounts of Ethereum for undisclosed reasons. Can I buy Bitcoin with my debit card?According to CoinGecko, a leading cryptocurrency aggregation platform, 72.5% of the top video game companies by market cap have ventured into Web3. Some of the top companies listed in this category include Microsoft, Tencent, Sony, NetEast, and Nintendo. This simultaneous engagement with both Coinstore and LBank underscores XRP Healthcare’s intent to not only cater to the African demographic but also tap into the dynamic Asian market.

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