Virtual Currency Transactions and the Audit Process - cyptoranking.com

2024-04-29

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Web3 gaming has become one of the hottest trends in the tech world, and not without a good reason. Using blockchain technology to give more control to gamers turned out to be a fascinating idea and catapulted Web3 gaming to the main stage of Web3 space.Web3 gaming applies key principles of blockchain technology - including decentralization, true ownership and community - to video games. Blockchain has enabled the creation of concepts such as play-to-earn (P2E), nonfungible tokens (NFTs) and more to cater to the needs of true players who don’t want to escape exploitation by the Web2 monopoly.The fast growth of Web3 gaming, however, makes it hard to track the most promising projects and chart the map of the blockchain-based gaming ecosystem. To provide a reliable perspective on Web3 gaming, Cointelegraph Accelerator has partnered with Cipholio, Animoca Brands, Blockchain Gaming Alliance, Metaera and The Sandbox for the next Gaming Demo Day, slated for Oct. 12 at 2 pm UTC.Gaming Demo Day: For investors, developers and gamersBy joining Gaming Demo Day, startups can introduce their projects and present their ideas to an engaged audience of interested parties eager to hear about new games, including investors. Developers can capitalize on the opportunity and leverage the event to gain exposure to potential investors actively seeking projects to support.What’s more, investors attending Gaming Demo Day gain early access to promising projects, enabling them to identify and support projects with high potential. Investors get the chance to witness developers in action and research their potential clients. The “X factor” of the new projects introduced during the event can be measured through the audience's live reaction. These opportunities combined provide direct feedback and ease the process of making investment decisions.The Web3 startups scheduled to present their groundbreaking projects throughout the event are:ChallengeChallenge is a decentralized multi-chain tournament platform where gamers can compete against each other, host tournaments and earn rewards. The platform’s reward protocol ensures active participants receive a share of the tournament revenue. Challenge’s software development kit (SDK) facilitates the integration of both Web2 and Web3 games, enabling on-chain tournaments.JR StudioJR Studio is a platform designed to empower game creators with the tools they need to create, host, launch, manage and grow their games and communities. The platform serves as a gateway from traditional gaming into Web3 gaming by providing true ownership and effectively managing technical aspects like blockchain integration.The wait is over! 🎮 🚀The Game Hub Beta is officially live 👉 https://t.co/UhZAbke1XeExplore the future of #web3gaming - Dive in, get hands-on with the platform, and let us know your feedback using #GameHubBeta. pic.twitter.com/AbCe9tH2C4— JR Studio | Gaming Platform (@JRStudio_) September 21, 2023SuperSnappySuperSnappy is a cross-platform messaging app with a social network and a gaming portal that allows users to play games. The social network, which boasts 3D avatars, pets, spaces and NFTs, enables users to smoothly transition between games and create profiles featuring friends lists, feeds, achievements and digital assets.Super Snappy chooses Polygon for it's layer 2 blockchain integration, in historic milestone to bring Web3 gaming to the masses#SuperSnappy is the Social Gaming Platform to Play With FriendsJoin the Discord https://t.co/SEPwpArjiA#onPolygon @PolygonGaming pic.twitter.com/i3sytj9r5Y— Super Snappy (@supersnappy_io) June 13, 2023IsotopicIsotopic is a software distribution service that utilizes blockchain technology to advance the metaverse towards a sustainable Web2.5. The service also hosts the first decentralized cross-platform game store.Worlds BeyondWorlds Beyond is a creator platform that lets creators craft immersive virtual experiences fueled by the power of artificial intelligence (AI). The platform aims to become the definitive Web3 destination and aspires to be the Roblox of Web3 for grown-ups.🌍 Explore or create new adventures with #WorldsBeyond our #AI Powered Social Creator Platform 🎮🤖🏞️ World Builder for diverse maps🎮 Customize game logic templates🕹️ Single & multiplayer modes💡 Embrace your creativity🤑 Monetise your creationsYour World Awaits #UGC pic.twitter.com/ck0A3I530I— Worlds Beyond (@WorldsBeyondNFT) September 27, 2023The UnfetteredThe Unfettered is an AA-quality story-based Web3 action RPG game with elements from the soulslike genre. The team is dedicated to presenting an immersive adventure that provides true ownership to players using virtual assets.MetaFightMetaFight is a digital trading card game and social entertainment platform for fighting sports. The platform stands as the world’s premiere globally-licensed gamified platform for mixed martial arts, featuring collectibles of fighters.The first fight of the night is about to kick off! 🥊🔥 #PFLParis pic.twitter.com/nHlebROWTT— MetaFight (@MetaFightOff) September 30, 2023Investors, gamers, and startups who want to witness exceptional projects, explore investment opportunities and build connections within the Web3 gaming industry’s key players in a single place can mark their calendars for Oct. 12 to be a part of the Gaming Demo Day.Registrations are now open for investors who wish to secure their spots at this exclusive event. Attendees can guarantee their place in the event and become a part of the flourishing blockchain community by registering here. One of the startups attending the event will also receive a 12-month basic membership to the Blockchain Gaming Alliance after pitching their projects to frontrunning industry backers. Check out the registration page here. Bitmain, the world's leading manufacturer of Bitcoin mining machines, has surprisingly announced that it has suspended some of its employees' September salaries due to a lack of positive cash flow. Virtual Currency Transactions and the Audit ProcessThe cryptocurrency markets encountered one of its worst years in 2022 due to lack of transparency and a liquidity crisis, predominantly triggered by the turmoil involving Sam Bankman-Fried and FTX, resulting in losses for investors. The equation divided $1.00 by the annual electricity cost, further divided by the number of bitcoin produced over a month by the computing unit. Its formula became the gold standard for the budding crypto market during that period.

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GMO Media entered the cryptocurrency arena back in 2014, and since then, it has been actively involved in technical developments using smart contracts, offering IEO (Initial Exchange Offering) support, and providing various other crypto-related services. The forthcoming “GESOTEN Verse” represents a significant step forward as it will enable users of the “GESOTEN by GMO” gaming platform to effortlessly engage with blockchain games while utilizing their existing platform IDs. Read all of CoinDesk's coverage here.Galxe replacing 110% of funds users lost in recent front-end hack, over $400K Binance adds 12 Nigerian banks to its Peer-to-Peer platformIoTeX’s indoor security camera, Ucam, will be the first physical proof of concept for this collaboration. Ucam users will not need to expose their private home information to manufacturers. Let’s dive in!

"The firm must not approve the content of any financial promotion for a qualifying cryptoasset for communication by an unauthorized person," the FCA's OIREQ requirement stated. During the prosecution's line of inquiry, Wang said that either Bankman-Fried or FTX lawyers had presented him with loans which he was then directed to sign. FinCEN Identifies Virtual Currency Exchange Bitzlato as a “ ...11 Best Anonymous Casinos for 2023 - Gamble Anonymously Online United States 10-year Treasury yields soared above 4.8% on Oct. 3, their highest level since 2007. DoubleLine Capital CEO Jeffrey Gundlach said in a post on X (formerly Twitter) that the spread between the 2-year and 10-year Treasury yields has narrowed from 109 basis points a few months ago to 35 basis points. He cautioned that this “should put everyone on recession warning.”Arthur Hayes, former CEO of crypto exchange BitMEX, warned in a recent X thread that the government will have to print money to save the bond market as a faster bear steepener — a condition where long-term interest rates rise more quickly than short-term rates — will cause firms to collapse. Some investors believe that this could trigger a cryptocurrency bull market.Daily cryptocurrency market performance. Source: Coin360It also looks like the institutional investors have started to warm up to cryptocurrencies. CoinShares’ latest Digital Asset Fund Flows Weekly Report shows inflows of $21 million into digital asset investment products for the first time in six weeks. In this uncertain macro environment, let’s take a look at the charts to determine the next potential move.Bitcoin price analysisBitcoin (BTC) rose above $28,143 on Oct. 2 but the long wick on the candlestick shows the bears are aggressively selling at higher levels. The bears tried to build upon their advantage on Oct. 3 but the bulls held their ground at $27,160.BTC/USDT daily chart. Source: TradingViewThe upsloping 20-day exponential moving average ($26,903) and the relative strength index (RSI) in the positive territory indicate that bulls have the upper hand. Buyers will once again try to clear the overhead resistance at $28,143.A close above this level will complete a short-term double bottom pattern, which has a target objective of $31,486.This positive view will be invalidated if the price once again turns down from the overhead resistance and plummets below the 20-day EMA. That could yank the price to $26,000. The BTC/USDT pair could then continue to consolidate between $24,800 and $28,143 for a while longer.Ether price analysisEther (ETH) turned down sharply from the overhead resistance of $1,746 on Oct. 2, indicating that the bears are fiercely guarding this level.ETH/USDT daily chart. Source: TradingViewThe 20-day EMA ($1,640) is flattening out and the RSI is near the midpoint, indicating a balance between supply and demand. If the price turns up from the current level, the bulls will again try to overcome the obstacle at $1,746. If they can pull it off, the ETH/USDT pair will complete a double bottom pattern, having a target objective of $1,961.On the other hand, if the price continues lower and tumbles below the moving averages, it will suggest that the pair may extend its stay inside the $1,531 to $1,746 range for some more time. BNB price analysisBNB (BNB) jumped above the $220 resistance on Oct. 2 but the bulls could not sustain the breakout as seen from the long wick on the day’s candlestick.BNB/USDT daily chart. Source: TradingViewThe failure of the bulls to maintain the price above the 20-day EMA ($214) is a negative sign. It shows that traders are rushing to the exit. The BNB/USDT pair could next fall to the uptrend line. If the price rebounds off this level, the bulls will again try to push the pair above $220. A close above this resistance could signal the start of an up-move to $235 and thereafter to $250. Instead, if the price breaks below the uptrend line, the pair may decline to the formidable support at $203.XRP price analysisBuyers pushed XRP (XRP) above the symmetrical triangle pattern on Sep. 29 and then foiled several attempts by the bears to pull the price back into the triangle. XRP/USDT daily chart. Source: TradingViewThe bulls will next try to surmount the overhead resistance at $0.56. If they are successful, it will signal the start of a new uptrend. The XRP/USDT pair could then start its journey toward the pattern at $0.66.Conversely, if the price turns down from $0.56 and dives below the uptrend line, it will suggest that the bulls are booking profits. That could keep the pair range-bound between $0.56 and $0.41 for a few more days. Solana price analysisSolana (SOL) has been oscillating inside a large range between $14 and $27.12. The price action of the past few days has resulted in the formation of a potential inverse head and shoulders pattern.SOL/USDT daily chart. Source: TradingViewAlthough setups formed inside a range tend to be less reliable, still they should not be neglected. If the price turns up and breaks above the neckline, the SOL/USDT pair could attempt a rally to $27.12 and eventually to the pattern target of $32.81.The critical support to watch on the downside is the 20-day EMA ($20.95). If the price slides below this level, it will suggest that the bulls have given up. That could open the gates for a possible drop to $17.33.Cardano price analysisCardano (ADA) turned down from $0.27 on Oct. 2 and reached the 20-day EMA ($0.25) on Oct. 4. This is an important level to keep an eye on in the near term.ADA/USDT daily chart. Source: TradingViewIf the price rebounds off the 20-day EMA, it will indicate a change in sentiment from selling on rallies to buying on dips. The bulls will then try to shove the price above $0.27 and start an up-move to $0.29 and later to $0.32.If bears want to prevent the rally, they will have to drag the price below the 20-day EMA. The ADA/USDT pair may then once again descend to the vital support at $0.24. The bulls are likely to protect this level with vigor.Dogecoin price analysisThe bulls pushed Dogecoin (DOGE) above the 50-day SMA ($0.06) on Oct. 2 but could not sustain the higher levels. This suggests that bears are selling on every minor relief rally.DOGE/USDT daily chart. Source: TradingViewThe DOGE/USDT pair has reached the formidable support at $0.06. The repeated retest of a support level within a short interval tends to weaken it. If the $0.06 level cracks, the pair may slump to the next major support at $0.055. A minor advantage in favor of the buyers is that the RSI has formed a bullish divergence. This suggests the bears may be losing their grip. The indicators are not providing clarity about the next move. Hence, it is best to wait for the price to close above the 50-day SMA or plunge below $0.06 to place directional bets.Related: Bitcoin traders hope $27K holds as BTC price ignores volatile US dollarToncoin price analysisToncoin (TON) fell below the 20-day EMA ($2.09) on Sep. 30 and the bears thwarted attempts by the bulls to reclaim the level on Oct. 1. TON/USDT daily chart. Source: TradingViewThe bears are trying to solidify their position by sinking the price to the 50-day SMA ($1.86). This level may result in a rebound that is likely to face selling at the 20-day EMA.If the price turns down from this resistance, it will suggest that the sentiment has turned bearish and traders are selling on rallies. That will increase the likelihood of a drop below the 50-day SMA.On the contrary, if the price turns up and surges above the 20-day EMA, it will suggest that the markets have rejected the lower levels. The TON/USDT pair could then rise to $2.32 where the bears will again try to halt the up-move.Polkadot price analysisPolkadot (DOT) turned down sharply from the 50-day SMA ($4.24) on Oct. 2 and broke below the 20-day EMA ($4.10) on Oct. 3.DOT/USDT daily chart. Source: TradingViewThe bears challenged the important support at $3.91 on Oct. 4 but the long tail on the candlestick shows strong buying at lower levels. The RSI has formed a bullish divergence, indicating that the sellers may be losing their grip.If the bulls push the price above the 20-day EMA, it will suggest that the DOT/USDT pair may extend its stay inside the $4.33 to $3.91 range for some more time. The bears will have to sink the price below $3.91 to start the next leg of the downtrend to $3.50.Polygon price analysisAfter witnessing a tough battle between the bulls and the bears near the moving averages, Polygon (MATIC) bounced on Oct. 4, indicating that buyers are trying to take charge.MATIC/USDT daily chart. Source: TradingViewThe bulls are trying to build upon the strength and propel the price above the overhead resistance at $0.60. If they manage to do that, it will signal the start of a sustained recovery. The MATIC/USDT pair could then rise to $0.70.Contrary to this assumption, if the price turns down and breaks below the 20-day EMA, it will indicate that the bears are active at higher levels. The pair may then retest the crucial support at $0.49. This level is likely to attract solid buying by the bulls.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Ethereum’s price has ultimately initiated an uptrend after failing to break below the $1.5K support region. Interestingly, the futures market is demonstrating a very bullish signal in contrast to Ethereum’s bearish price action. Number three was BNB Chain, with a TVL of $4.6 billion and a percentage of 5.6, followed by Arbitrum and Avalanche, which had a TVL of $2.8 billion and $1.54 billion, respectively. Ton has 1.74% of the TVL in the DeFi landscape with $1.42 billion, followed by Polygon with a TVL of $1.16 billion. The last two chains on the list were Solana and Optimism, with a TVL of $1.37 billion and $902 million, respectively. ASI Presale: Pioneering the Future of AI Cryptocurrency Trading With Revolutionary TechnologyGeneral 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.Getting Employment for a Metaverse in 2022 Using the Noir zero-knowledge programming language, Dappicom is described as a “verifiable” Nintendo Entertainment System (NES) emulator in the “pre-alpha” phase, according to the project’s GitHub repository.

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