Crypto Currencies-Live Exchange Rate Price Quote Data - cyptoranking.com

2024-05-05

Popular crypto exchanges(2023 Update) 2024-05-05
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When the market is manipulated and the price of a coin surges based on false statements, it is known as a “pump” and when the coin is sold before the price downsizes, it is termed a “dump”. However, this scheme is illegal as investors look into increasing the price of a coin and then selling their holdings before the price goes down. However, pump and dump isn’t applicable for cryptocurrency alone but is also used in stock markets. Block explorers allow users to view bitcoin transactions in real-time. The users can also know the specifics of transactions by using a search engine and entering the wallet address, transaction hash, or block height from the blockchain. Blockchain transactions are thought to be naturally unchangeable. Furthermore, altering any transaction requires a shift in the block hash of the previous block, which is really impossible. Additionally, each node receives real-time updates on all blockchain activity. Crypto Currencies-Live Exchange Rate Price Quote DataCyberConnect has announced the release of 11.42% of its circulating supply, valued at $6.22 million. This move may boost the project’s liquidity and attract new investors. Moreover, CyberConnect hopes to increase trading possibilities and guarantee a fair distribution of tokens among its community members by releasing a percentage of its circulating supply. As more people become aware of the increasing earning opportunities in GameFi and crypto gaming, the demand for gaming tokens and coins is expected to rise. Moreover, the incorporation of NFTs into gaming adds a level of ownership and value to in-game assets, further driving the growth of the GameFi sector.

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The last three months of the year often introduce a heightened Santa rally. After the year we’ve had, it might soften the blow and pave the way for a more palatable 2024. History shows that the market tends to gather momentum during this festive season, with a surge in buying activity and positive sentiment among investors. Among these factors, regulatory decisions regarding spot ETFs and any potential pause in rate hikes, or even a shift in the Fed’s messaging concerning future hikes will be watched closely. So while the cheer from September’s jobs data tends to drive immediate headline moves in the market, it doesn’t necessarily steer the long-term thinking of the Fed. Wang testified that later he said that the tweet was true but misleading. It was not possible to liquidate the exchange’s FTT tokens, as a sale of that magnitude would cause the token’s price to fall, he said. 3 ways traders use Bitcoin futures to generate profitThe general optimism explaining rising open interest could be due to the recent approval of Ethereum Futures exchange-traded funds (ETFs). The United States Securities and Exchange Commission (SEC) approved multiple Ethereum Futures ETFs for the first time. The NFTs are expected to depict on-field moments from retired players—so an Edwards collectible, for example, could capture his memorable two-interception game for Washington in Super Bowl XXVI to beat the Buffalo Bills.

AI Hype Stealing Limelight From Crypto Readers may ask, what is the sole purpose of this merge? What is the motivation behind this? What value does it serve? To answer these questions, let’s start with the history of Binance Chain and Binance Smart Chain. Top 10 Bitcoin Roulette Casino-Best Sites in Malaysia 2023After reaching an all-time high in daily transactions in September, the number of transactions on the Bitcoin network has experienced a sharp drop, revisiting levels not observed since hype took off surrounding Ordinals that can serve as either individual NFTs or fungible BRC-20 tokens. The price of Ethereum’s native token, Ether (ETH), has gained around 35% in 2023 so far. But its attempts to break above $2,000, a psychological resistance level, have witnessed strong bearish rejections multiple times.ETH/USD daily price chart. Source: TradingViewCointelegraph takes a closer look at the three likely reasons why Ethereum price has failed to decisively retake $2,000 since May 2022.Ethereum price paints bear cycle fractalEthereum’s inability to cross above $2,000 in 2023 resembles the bearish rejection near $425 from 2018 to 2019.ETH/USD weekly price chart. Source: TradingViewIn both cases, Ether appears to be in a recovery phase while eying close above its 0.236 Fib line of the Fibonacci retracement graph.From 2018 to 2019, the 0.236 Fib line was near $425 and was instrumental in limiting Ether’s recovery attempts. In 2023, the same line is near $2,000, enforcing itself again as a selling area and, thus, pressuring ETH’s price lower.Stronger U.S. dollar, BitcoinA strengthening United States dollar has dampened demand for Ethereum in recent months, thus reducing its ability to close decisively above $2,000.The prevailing negative correlation between top cryptocurrencies and the dollar has been the main culprit. In 2023, in particular, the weekly correlation coefficient between Ether and the U.S. Dollar Index (DXY) has been consistently negative, as shown below.ETH/USD and DXY weekly correlation coefficient chart. Source: TradingViewMeanwhile, Ethereum has largely underperformed Bitcoin in 2023 due to the ongoing spot Bitcoin ETF hype. For instance, the widely-tracked ETH/BTC pair is down 20% year-to-date. ETH/BTC daily price chart. Source: TradingViewAdditionally, the net capital held by Ethereum-tied investment funds has dropped by $114 million so far in 2023, according to CoinShares’ weekly report. In comparison, Bitcoin-based funds have attracted $168 million in the same period.Related: Time to ‘pull the brakes’ on Ethereum and rotate back to Bitcoin: K33 reportEthereum network activity dipsThe total value locked (TVL) across the Ethereum ecosystem has dropped from 18.41 million ETH to 12.79 million ETH so far in 2023. That underscores a reduced availability of funds, resulting in lower yields for investors, as JP Morgan analysts also warned recently.Ethereum TVL since 2019. Source: Defi LlamaThe declining TVL has accompanied a drop in the Ethereum network’s gas fees, which reached a yearly low on Oct. 5. #Ethereum's network has been particularly cheap to use, and this week's average fee level of $1.13 is the lowest since November, 2022. Though not a perfect signal by any means, lower $ETH costs generally lead to a rise in utility and price rebound. https://t.co/ymXFwGJh49 pic.twitter.com/PEGpXMmZ3q— Santiment (@santimentfeed) October 4, 2023

According to reports, armed attackers stormed a music festival in southern Israel, killing an estimated 260 people over the weekend. Crypto Aid Israel reports that the attacks have killed at least 900 Israelis and wounded over 2,000. Dappicom, a non-profit open-source project, is hoping to appeal to the retro gaming community, beyond crypto natives, by allowing players to prove in-game milestones without necessarily revealing how they did so. Bitcoin Motion Review 2023- Scam or Legit ?Coinbase director Conor Grogan highlights Alameda Research's extensive involvement in minting nearly $40 billion USDT in 2021.Image by Timon, Adobe StockToday, Conor Grogan, a director at Coinbase, brought attention to Alameda Research's actions concerning the Tether (USDT) stablecoin. According to blockchain data analyzed by Grogan, Alameda Research minted upwards of $39.55 billion in USDT throughout 2021, despite lacking equivalent assets under management.Alameda Research and The USDT ConundrumThe sheer scale of USDT minted by Alameda Research raises questions, especially considering the value of created USDT exceeded the firm's total assets during 2021's cryptocurrency bull run. This practice seemingly contradicts the principle of stablecoins being backed by equivalent assets.Sam Bankman-Fried's FTX exchange is closely related to Alameda Research. Grogan suggested that a significant portion of USDT redemptions ordered by FTX was likely sourced from Alameda's minted tokens. Approximately $3.9 billion USDT was redeemed, much of it during the collapse of Terra's algorithmic stablecoin.Profiting from Arbitrage: Sam Trabucco's PerspectiveIn January 2021, Sam Trabucco, former co-CEO of Alameda Research, provided insights into how the firm took advantage of arbitrage opportunities related to USDT. Trabucco stated that the value of USDT compared to $1 could be volatile, particularly with regard to Bitcoin-to-USDT trades.“And note, these are the best markets to use to determine where USDT is trading — the combo of BTC/USDT and BTC/USD markets, e.g., are WAY more liquid than any exchange’s USDT/USD market, so the prices from these (even though its a two-leg trade) matter way more,” Trabucco tweeted in 2021.Trabucco explained that Alameda Research had the capability to "safely put on big bets" due to its ability to mint and redeem USDT as needed. He described the situation as a "win-win" for both Alameda and the stability of USDT.The Debate Over USDT's StabilityGrogan's revelation adds another layer to the ongoing debate about the true stability of USDT. Sam Bankman-Fried also participated in discussions in 2021, stating that Alameda actively redeemed USDT for U.S. dollars.Alameda's ability to influence USDT's dollar peg through arbitrage opportunities has implications for the broader crypto market. Trabucco also highlighted the company's role in stabilizing USDT's value, stating, “Obviously we’re making money because we can, e.g., selling above where we create, but we’re also bringing the price in line so that when aggro buyers come in, it sticks close to $1.”The disclosure by Coinbase's Conor Grogan about Alameda Research's extensive involvement in minting USDT invites scrutiny into the stablecoin's backing and stability.While Alameda Research and its closely related exchange FTX have long been subjects of discussion, this new information may prompt market participants and regulators to reevaluate the mechanisms behind USDT's value. FCA Sanctions Binance's UK Partner RebuildingSociety.com for Financial Promotions “Gaming is one of the fastest growing subsectors of the blockchain industry,” added AWS Head of Startups John Kearney in a statement.

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