How To Send Coins (BTC, ETH, ADA, etc.) From Crypto. ... - cyptoranking.com

2024-05-05

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

Best Crash Gambling Sites with Bitcoin Casino Bonuses 2023 Engineers who design experiences are called user experience (UX) designers. The Metaverse consists of a sizable collection of services that users may access; everything we now have in the physical world is currently being brought into the Metaverse, and each service that is included in the Metaverse is intended to be user-friendly for all user demographics. How To Send Coins (BTC, ETH, ADA, etc.) From Crypto. ...In a recent statement, concerns over the increasing prevalence of fraudulent non-fungible token (NFT) projects have been voiced by the committee. They call on the UK government to tighten regulations on promoting these projects at all levels. Polygon’s native token (MATIC) experienced a 16.4% rally that coincided with the launch of Polygon 2.0 Goreli testnet on Oct. 4. However, the resistance at $0.60 proved stronger than anticipated and was followed by a 10.6% decline over the six days leading into Oct. 10. This decline was exacerbated by negative news regarding the departure of a key co-founder and weak activity in Polygon’s zero-knowledge rollup (ZK-rollup) subnet.Polygon (MATIC) 12-hour price in USD. Source: TradingViewMATIC’s price has wiped out previous gains from the early October rally, erasing the bullish momentum driven by the expectations of the protocol’s upgrades. Rallies tend to follow mainnet and protocol updatesPolygon 2.0 is a network of ZK-based layer-2 chains unified via a novel cross-chain coordination protocol. Polygon’s 2.0 scaling technology was unveiled in June 2023 as a plan for a scaling ecosystem consisting of four layers: staking, execution, interoperability and proving. Each of these layers contributes to creating an interconnected ecosystem of chains that facilitate secure, fast and highly cost-effective transfers.Among the benefits of Polygon 2.0 are enhanced security and privacy through ZK-proofs, full compatibility with the Ethereum Virtual Machine (EVM) and instant cross-chain interactions without requiring additional security or trust assumptions. It’s worth noting that the project is continuing to develop its Zero-Knowledge Scalable Transparent Argument of Knowledge-based layer-2 solution, Miden.One could argue that the recent 10.6% retracement merely reflects an adjustment to the overexcitement triggered by the testnet launch. However, other factors may have contributed to investors’ worsening sentiment toward Polygon. For instance, Polygon’s ZK subnet, zkEVM, has lagged behind competitors in activity and deposits.Network data shows Polygon losing steam as new competition emergesZK networks daily active and transactions. Source: artemis.xyzMetrics from Artemis, an on-chain data provider, reveal a significant disparity between Polygon zkEVM’s 6,210 active addresses compared to StarkNet’s 154,390 and zkSync ERA’s 239,810. A similar discrepancy exists when analyzing the number of daily transactions, with Polygon’s ZK-rollup also trailing competitors.Taking a broader perspective on the total number of transactions and deposits in the Polygon network yields suboptimal results. For example, Polygon’s total value locked (TVL) stands at $756 million, according to DefiLlama, which is less than half of Arbitrum’s layer-2 scaling solution.Total value locked (TVL) in USD. Source: DefiLlamaIt’s noteworthy that despite being launched much earlier than most Ethereum layer-2 solutions in June 2020, Polygon is now facing direct competition from Optimism and Base.The departure of Polygon’s co-founder, Jaynti Kanani, on Oct. 4 after six years with the project also triggered some degree of discomfort among investors, given the project’s proximity to the crucial completion of its improved multiple-layer scalability solution. Interestingly, this decision follows the departure of Polygon Lab’s CEO, Ryan Wyatt, in July 2023, not long after joining the company in February 2022.Further impacting MATIC’s performance was a decline in the number of active addresses using the Polygon network’s decentralized applications (DApps).Polygon network DApps active addresses, 30-day change. Source: DappRadarOn average, the top 12 DApps on the Polygon network experienced a 17% decline in the number of active addresses over the last 30 days. This issue was particularly concerning in the NFT and decentralized finance markets, notably affecting applications like Uniswap, OpenSea and Move Stake.Related: Circle rolls out native USDC tokens on PolygonRegardless of the reasons behind MATIC’s token surge earlier in October, the recent 10.6% negative performance can be attributed to reduced network activity, the departure of a co-founder during a critical upgrade phase and stiff competition from other ZK scaling solutions. Ultimately, there is enough bearish news flow to justify this correction, although the team has been consistently delivering the necessary updates and improvements to the Polygon network. Investors should closely monitor the project’s progress in addressing these challenges and capitalizing on the innovations of Polygon 2.0.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.

Exchange Rankings Crypto
Image: cyptoranking.com

Source: BTCUSD on TradingView.com The majority of NFTs are stored on Ethereum’s blockchain, which is a public ledger that records transactions. Like other physical forms of art, NFTs hold valuable information in them and can therefore be purchased and sold just as they are valued by the market. NFTs’ unique data make verifying ownership and transferring tokens between owners simple. Coinbase exchange unveils layer 2 blockchain to boost adoption-Ledger InsightsVolodymyr Zelenskyy deepfake | Source: BBC A top analyst for the crypto analytics firm Glassnode believes Bitcoin (BTC) is gearing up for its next surge.

Source: Adobe StockBinance Marketing Partner Rebuildingsociety has been sanctioned by the UK's Financial Conduct Authority (FCA), informing them that they cannot act on behalf of Binance for financial promotions under current law.In a recent regulatory development, Rebuildingsociety, a firm duly recognized and regulated by the UK's Financial Conduct Authority (FCA), has been subjected to restrictions. The FCA has mandated Rebuildingsociety "not to approve the content of any financial promotion for a qualifying cryptoasset for communication by an unauthorized person.This notice has sparked speculation regarding the recent Binance's potential shift in UK partnerships to ensure compliance with the FCA's marketing requirements. This sanction comes a mere seven days after Binance announced its partnership with Rebuildingsociety. The partnership was aimed to facilitate Binance in marketing its various offerings, including spot trading, nonfungible tokens (NFTs), and various other products and services specifically targeted towards users in the UK.However, the FCA directive indicates that Rebuildingsociety must, by 5 pm on October 11, 2023, withdraw any existing approvals of financial promotions containing a qualifying cryptoasset.The FCA's instructions extend to Rebuildingsociety's client engagement. The firm is required to inform any clients it has engaged with or has been engaged with for the purpose of approving content in any financial promotion containing a qualifying cryptoasset about the imposed requirements. Additionally, Rebuildingsociety is mandated to withdraw any advertisements or similar promotional materials offering to approve the content of such financial promotions for communication by an "unauthorized person."Furthermore, Rebuildingsociety must affirm its compliance with the FCA's requirements by no later than 5 pm on October 13, 2023, in written communication to its designated contact at the Authority.Binance Launched UK-Specific Domain in Compliance with FCA's Financial Promotions RegimeOn October 6, in a strategic move to align with the Financial Conduct Authority's (FCA) Financial Promotions Regime, Binance embarked on a partnership with Rebuildingsociety.com Limited and unveiled a dedicated domain for UK users.Since 2021, the FCA, in response to its assessment that Binance was "not capable of being effectively supervised," has acted on Binance's request to revoke several permissions previously granted to its UK unit. Consequently, Binance's UK arm was barred from engaging in regulated activities within the country.However, this collaboration allowed Binance to operate within the UK while adhering to the updated Financial Promotions Rules. Rebuildingsociety, being a sanctioned and FCA-regulated firm, holds the authorization to approve crypto marketing and communications materials as an 'S21 approver.'As part of its commitment to conform with the FCA's stringent regulations, Binance took several measures. These include the discontinuation of services such as referral bonuses, research and academy offerings, and gift cards in the UK. All marketing materials associated with these services will be subject to approval by the Rebuilding Society. These changes were set to come into effect for retail users in the UK starting on October 8, 2023.FCA Continues Vigilance on Crypto Asset PromotionsThe FCA has maintained a vigilant stance on promotional activities in the crypto asset sphere. In a recent development, the FCA announced that it had issued a total of 143 notifications pertaining to promotional activities tied to crypto assets.Starting from October 8, 2023, the FCA mandates that any entity seeking to promote crypto assets in the UK must be either authorized or registered by the Financial Conduct Authority (FCA). Alternatively, they must obtain approval for their marketing materials from an authorized entity.These regulatory guidelines emphasize transparency, equity, and the absence of misleading information in promotions. They also require the prominent display of risk warnings and prohibit any encouragement of investments that may be deemed inappropriate.It is crucial to note that these financial promotion regulations are binding on all firms involved in marketing crypto assets to UK consumers, regardless of their location or the technology employed for promotional endeavors. These measures are aimed at empowering consumers with a deeper understanding of crypto asset investments and the associated risks.SBF's Lawyers Seek To Cross-Examine Gary Wang on Counsel’s Involvement in Alameda Loans 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.What is Blockchain? Everything You Need To Know How to Prepare Your Bitcoin Tax Filing“In the world of sport, clubs are promoting volatile cryptoasset schemes to extract additional money from loyal supporters, often with promises of privileges and perks that fails to materialise.” Hardware and chip technology provider ARM Research and Web3 platform IoTeX have brought confidential computing of encrypted data to IoTeX’s DePIN stack.

There is a great number of skills required to guarantee the proper operation of the platform, starting with backend developers, 3D designers, or programmers. This, in turn, will create a variety of job prospects across a broad range of businesses. In that case, are you prepared to launch your professional life into the metaverse and web 3.0 world? CoffeeZilla alleges the book is a “full-out defense of SBF.” He contended that the book devoted more attention to examining the intentions of FTX’s current CEO, John J. Ray III, compared to those of SBF. How Binance became a hub for hackers, fraudsters and drug sellersCrypto money laundering predominantly involves the act of swapping cryptos between different tokens and blockchains, often referred to as cross-chain criminal activity. Data from CoinMarketCap shows that the token declined alongside other major cryptocurrencies. At the time of press, XRP is changing hands at $0.5097, a 2.29% drop in the past 24 hours.

Have an opinion on this story? Share it!