MCX share jumps 4% as FPIs allowed to trade in commodity derivatives - cyptoranking.com

2024-05-13

Popular crypto exchanges(2023 Update) 2024-05-13
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AI Image Generator: Baby DogeCoin introduced its AI Image Generator on September 19th, allowing users to create unique NFTs. This innovative utility enables users to acquire credits, serving as the currency for minting NFTs directly on the Baby Doge platform. Users can generate AI-generated 2D and 3D NFTs, along with BabyDoge memes. Importantly, a portion of the fees generated from these NFT activities contributes to burning Baby Doge tokens, enhancing the coin's scarcity and potential value. Source: a video screenshot, Entrepreneur ME / YouTubeBinance CEO Changpeng Zhao's plan to rescue the cryptocurrency market has fallen short of expectations eleven months after launch.Since the launch of the Industry Recovery Initiative (IRI), the company has only spent less than $15 million out of an announced $1 billion fund, Bloomberg wrote. Last year was plagued by two major falls which sent the market to sharp lows; the Terra Network and the cryptocurrency exchange, FTX.After the collapse of FTX, the ripple effect was seen both in plunging asset prices and in struggling firms who were exposed to the company.Zhao became a hero when he announced a plan to partner with leading industry players to raise $1 billion to save startups within the ecosystem. Notable firms like Jump Crypto and Animoca Brands joined in the fund.Binance has spent just $15 million from its total commitment and now transferred the remaining $985 million to its corporate treasury. Before this, the exchange announced a conversion from BUSD to other cryptocurrencies citing increasing regulatory pressure on stablecoins.Projects funded since IRISo far, Binance claims that the industry rescue fund has been applied to 14 projects although 13 of those remain undisclosed announcing only the funding of Gopax, a South Korean cryptocurrency exchange.At the time CZ stressed the importance of the fund to save web3 projects adding that,“The Industry Recovery Initiative was created to support promising companies that were negatively impacted by the events of last year. We hope that taking this step with GOPAX will further rebuild the Korean crypto and blockchain industry.”A few months after the announcement of the IRI m, about 18 firms had also contributed $100 million towards the cause although only nine were publicly identified.Jump Crypto pledged $25 million while DWF labs budgeted $15 million and has utilized $2 million with a withdrawal of $14 million.Aptos on the other hand pledges $5 million and has utilized the same amount for the project. While the fund remains underutilized, Binance has explained that most firms failed to meet the criteria. “We didn’t identify as many projects who would meet our criteria, and this is the same for the other investors,” Dan Hou, head of Business Strategy and Operations at Binance.FTX's negative impact on VC funding The impacts of the post-FTX saga can be seen in plummeting venture capital investments from Q3 2022.Blockchain intelligence firm, Messari noted that VC volume last quarter stood at $2.1 billion down from its all-time high of $17 billion in 2021.VC volumes in crypto slid 36% from Q2 2023 after recording slight growth on the back of numerous spot Bitcoin ETF applications amid renewed institutional demand.In total, VC volumes in crypto assets have been down by 70% since the collapse of FTX although recent developments show a slight change in the stance of institutional investors. Gemini Appoints Sachin Ranlani as Vice President and Head of India for Market Expansion MCX share jumps 4% as FPIs allowed to trade in commodity derivativesIn late September, the website for the Ethereum-based automated market maker Balancer was compromised in a seemingly similar attack, with attackers making off with around $240,000 worth of funds. Listed below are some of the pros and cons of Altcoins.

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The league accounted for 82 of the 100 most-watched U.S. television broadcasts in 2022. NFL game broadcasts and programming regularly feature former players as commentators and analysts, which Edwards expects to fuel demand for their collectibles. In addition to the Bored Ape Yacht Club, one of the most prominent NFT projects on the market, Yuga Labs also owns the IP to the influential CryptoPunks NFT collection. The startup raised $450 million in March 2022 at a $4 billion valuation, and has gradually made gaming a larger focus as it continues to build out Otherside.Christian Louboutin x Marvel: When Fashion Meets the Metaverse Best Crypto Apps & Exchanges Of May 2023-Forbes AdvisorThe agreement between Radix and Hacken is expected to improve the user experience, market efficiency and network performance of both platforms and the broader crypto community. See related article: DOJ seeks to block Bankman-Fried from bringing up Anthropic fundraise in court

In contrast, the Israel-Palestine conflict presents a unique scenario with its deep-rooted historical, religious, and geopolitical challenges. A screenshot of the defense's letter requesting permission to question Gary Wang over the involvement of FTX lawyers in the structuring of loans to Alameda and senior executives. Source: Court Listener. What Is Going On With Binance?Nomic requires only 10% of its validator set to be honest to ensure the safety of the bridge, according to Bell. During PayPal’s annual general meeting in May 2023, Palestinian-American businessman Sam Bahour proposed to amend this policy. The letter advocates for a new rule to prevent discrimination by the world’s leading digital payments provider toward individuals in conflict zones, which gained support from 12 United States congressmen.

In the medium term, Marathon also recently announced that it retired “the majority” of its convertible debt at a “significant discount,” which could put it in a stronger position for the bitcoin halving event in April 2024.How Bitcoin Mining Monetizes Grid Resilience, A National Defense Matter See related article: Hamas crypto donation accounts frozen by Israel police CEX.IO:Bitcoin & Cryptocurrency Exchange-Buy & Sell CryptoBinance Labs Fuels Helio Protocol's Liquid Staking Pivot with $10M Investment in LSDfi Expansion — Ordswap (@ordswap) October 9, 2023

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