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2024-05-12

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A breakout above the triangle pattern could kick-start a new recovery Unsurprisingly, the XRP price has retraced 10% from $0.54 to $0.49 over the past week. The upcoming delisting and changes in XRP trading pools on Binance could further impact transaction count negatively. 7 Best Cryptocurrency Apps in India (2023)ValeVerse: the Valentino Rossi metaverse on The Sandbox: new Web3 experiences for motorsport fans On the other hand, a breakdown will likely lead to a 70% fall to $0.00030.

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Juan Agustín D’Attellis Noguera, a director of Banco Central de la República Argentina, the country’s central bank, publicly supported the Minister of Economy Sergio Massa in his promotion of central bank digital currency (CBDC) as a remedy for the national economy. Giving commentary on local television, Noguera expressed his belief that the “digital peso” could help stabilize the Argentine economy as soon as 2024. In the official’s opinion, the key feature of the CBDC is its traceability, which would help the government to collect taxes: “By having traceability of operations with a digital currency because it is not known who does them, but there is evidence that they were done, you broaden the tax base. This will allow you to raise more without having to raise taxes and even lower them.” The CBDC will also help to solve the nation’s monetary problem, as the unstable local currency, the Argentine peso, often competes with the United States dollar even as a payment method, according to Noguera.Related: Buenos Aires to issue blockchain-based digital IDNoguera spoke about the digital peso in a very definite manner, assuring that the CBDC would be introduced gradually, coexisting with cash, with a complete replacement of paper fiat currency happening at the final stage of the project. On Oct. 2, Massa, who is also a presidential candidate, pledged to launch a CBDC if elected to “solve” Argentina’s long-lasting inflation crisis. According to election polls, Massa is slightly trailing Javier Milei, a pro-Bitcoin (BTC) and anti-central bank candidate who wants to adopt the U.S. dollar as Argentina’s currency. Source: a video screenshot, ETHWORLD / YouTubeEthereum (ETH) co-founder Vitalik Buterin has recently shared his thoughts on potential changes to Ethereum's staking system.In a recent blog post, Buterin discussed various protocols, including ERC-4337, ZK-EVMs, private mempools, code precompiles, and liquid staking, and explored the trade-offs associated with incorporating them into Ethereum's code.The Ethereum mastermind said the goal behind the article was to "start to build toward a framework for better identifying possible targets where enshrining certain features in the protocol might be worth considering."Buterin expressed a stronger inclination towards incorporating certain protocols into Ethereum's code, such as ERC-4337, while being more cautious about others, like private mempools. ERC-4337 is a token standard co-authored by Buterin, Kristof Gazso, Dror Tirosh, Tjaden Hess, Yoav Weiss and Shahaf Nacson that introduces account abstraction without changes to the underlying Ethereum protocol.Meanwhile, private mempols, or "encrypted mempools," keep users' transactions encrypted until the moment they get irreversibly accepted into a block.He acknowledged that each of these protocols present complex trade-offs that will continue to evolve over time.Buterin Expresses Concern About Staking ConcentrationOne specific concern that Buterin mentioned was the concentration of power among Ethereum's liquid staking providers. Lido, a prominent liquid staking pool, currently controls over 32% of the staked ether on Ethereum, with holdings distributed across different validators. Alongside Rocket Pool, Lido is a significant player in the ecosystem, but Buterin highlighted the need for more robust safety mechanisms.Buterin proposed exploring additional solutions to enhance the safety and decentralization of liquid staking. Rather than relying solely on moralistic pressure to encourage stakeholders to diversify their choice of staking providers, he suggested tweaking the Ethereum protocol itself. This could involve refining RocketPool's existing approach or granting enhanced governance rights to a randomly sampled committee of small stakeholders. These measures could contribute to a more decentralized and resilient Ethereum ecosystem.As reported, several prominent liquid staking providers have implemented or are in the process of implementing a self-limit rule in an effort to maintain the decentralized nature of Ethereum.The rule ensures that these providers will not own more than 22% of the Ethereum staking market, which could help address concerns over the growing centralization of Ethereum staking.Rocket Pool, StakeWise, Stader Labs, Diva Staking, and Puffer Finance are some of the staking platforms that have already committed to the self-limit rule.However, Lido Finance has decided not to commit to the self-limit rule.Back in June, the project put forward a proposal to impose a limit on Lido’s maximum stake.Less than one half of one percent of the votes cast were in favor of the self-limit rule, while those holding more than 99% of Lido’s governance tokens, LDO, voted for the protocol to not hold back on its growth.Coinbase, the second-largest staking provider, holds only an 8.7% market share, according to data from Dune Analytics.Protocol Guild In For Big Pay Day From Ether ETF Which platform is best for leverage trading?In September 2023, Hut 8 and USBTC obtained final approval from the Supreme Court of British Columbia for the merger deal. During the cross-examination of FTX co-founder and former CTO Gary Wang, Bankman-Fried's lawyer, Christian Everdell, faced interruptions from Judge Kaplan when he persisted with repetitive questioning.

Cryptocurrency Selection: Some services provide a variety of cryptocurrencies to mine. Consider the cryptocurrency's profitability and its future value. Axie Infinity’s Dappradar metrics and unique active wallet count. How high can Ethereum go in the future?He also included two deviations from the realized price on his chart – blue, which marks market lows, and red, which marks peaks. In the broader financial landscape, bitcoin’s price movement appear to be diverging from traditional equity markets, a spokesperson for Bitfinex analysts told Blockworks.

Tower BFT, Solana’s custom implementation of Practical Byzantine Fault Tolerance, is a vital mechanism that uses the PoH cryptographic clock. This allows the network to achieve an agreement without time delay. NFTs and Metaverse: Activewear and Luxury Brands Embrace Web3 Innovation How do I choose a cryptocurrency exchange?In both London and Paris editions, visitors could try virtual garments and accessories from the full global lineup. Pieces by Paris Fashion Week designers Ponder.er (Alex Po and Derek Cheng), Florentina Leitner, and the aforementioned Nouchi included a smocked denim jacket, sunglasses, bodysuits, and a tank top. Leitner presented her collection earlier Tuesday in the adjacent Palais de Tokyo runway space.ValeVerse: Valentino Rossi's metaverse ascends to The Sandbox Unleashing of such initiatives keeps enriching the narrative that surrounds digital art, offering a perfect space for more innovations at the cusp of traditional and digital artistry. Through these types of events, the NFT space stakeholders are constantly working toward creating a harmonious relationship between the physical and digital aspects of art, possibly paving the way for increased immersive and inclusive art experiences in the future.CrypToadz NFT Sells for $1.6 Million in Ethereum Linked to Tornado Cash

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