Despite opposition, U.S.'s Barney Frank sees derivatives opening to competition - cyptoranking.com

2024-05-05

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

Kennedy was also a vocal opponent of the Federal Reserve’s FedNow instant payment system, equating it with a central bank digital currency (CBDC) and stating in a Twitter (now X) post that “CBDCs grease the slippery slope to financial slavery and political tyranny” and there was an “obvious danger that this is the first step in banning and seizing bitcoin.” The U.S. Federal Reserve Board later launched a public-awareness campaign to differentiate FedNow from CBDC. In December 2022, the firm disclosed an incident from that October where user API keys had been leaked, leading to unauthorized trades on victim accounts. Despite opposition, U.S.'s Barney Frank sees derivatives opening to competitionJudge Denies SEC's Appeal: US Judge Analisa Torres rejected the SEC's appeal, upholding a July ruling that favored Ripple. This ruling stated that Ripple's XRP sales from years ago did not constitute an offer of investment contracts. In terms of blockchain dominance, the total value locked in DeFi remains highly concentrated on Ethereum, according to the data. The top three chains are Ethereum, Tron, and BNB Chain.

Exchange Rankings Crypto
Image: cyptoranking.com

Major cryptocurrency exchange operator OK Group continues transforming its business, rebranding its crypto ventures under the single name “OKX.” There has been a notable surge in USDT’s presence on exchanges recently, signaling that investors may be preparing for fresh buying opportunities. Earlier this month, Santiment revealed that the amount of the stablecoin on exchanges rose from 17.6% to 24.7% within four months. Trading of Nifty index set to shift from Singapore exchange to GIFT City platformThe finale, dubbed Neo Era, will occur at CyberPort in Hong Kong on Oct. 27 and 28. At the finale, participants will compete in one of five categories for a chance to win $10,000 and incubation support. The categories include DeFi and Payment; NFT and Gaming; AI, Social, and DAO; Infrastructure and Tooling; and General. Lido’s Seraphim Czecker told Blockworks in a direct message on X that Arbitrum only stands to gain from the proposal, which he says is likely to bring “mainnet whales” to Arbitrum. But many in the DAO are weighing those potential whales against Lido’s worrisome size.

How does Solana work? That figure exceeds the total number of NFTs minted on the other major blockchain networks like Solana, Ethereum, and Polygon during their first 200-day periods. Transaction Risk: Meaning, Overview and FAQsThe analyst says he leans toward the second interpretation due to how well Bitcoin is holding up against the “tumultuous” macro environment. People enquired, but they were fake and not really for sale. The wares were part of “Rug Pull,” the latest guerilla installation by Nelson Saiers, a New York-based hedge fund manager turned artist who some consider “The Warhol of Wall Street” or crypto’s most creative activist. As an artwork, “Rug Pull” highlights the many victims affected by the type of scam it’s named after.

But it appears that the CBDC is not the only Chinese payment system to have benefited from the games. FRAX is in the process of deploying a raft of “Frax v3” products, and today is launching sFRAX, or “staked FRAX,” alongside a bond product that converts to FRAX’s stablecoin on maturity. Frax founder Sam Kazemian told Blockworks that starting Monday, users will be able to deposit sFRAX and receive 10% yield — which would then shrink to around 5.4%, the Fed’s current IORB rate. Dogecoin rates in PKR and USD on May 08, 2023On the daily chart paired with BTC, Binance Coin (BNB) experienced a false breakout below the 0.007506 support level Watch the full clip HERE

Have an opinion on this story? Share it!