UAE's central bank pilots cbank digital currencies transactions - cyptoranking.com

2024-05-15

Popular crypto exchanges(2023 Update) 2024-05-15
Image: cyptoranking.com

Recent: Crypto VC: Token investing and the next bull run with Digital Wave Finance Source: TradingViewThe Solana price has dropped to $22.81 today, representing a 2.5% fall in the past 24 hours as the wider market slips by 0.5% in the same amount of time.SOL's fall comes as its underlying blockchain introduces a new update that enables confidential transactions between users, enhancing the privacy the network provides.And while SOL is down by 6% in the past week, it remains up by 17% in the last 30 days and by 129% since the beginning of the year, making it one of the best-performing cryptocurrency over this period.Such performance is likely to continue as 2023 draws to a close, with the overselling of SOL in the past week likely to result in a rebound soon enough.Solana Price Prediction as New Blockchain Update Provides Native Support for Private Transactions – Time to Buy?SOL's indicators continue to look good even with today's slip, implying that the losses of the past 24 hours may not be extended much further.Source: TradingViewImportantly, SOL's 30-day exponential moving average (yellow) has just risen above its 200-day average (blue), suggesting that a breakout may be about to occur.And while the altcoin's relative strength index (purple) has dropped from 75 at the start of the month to about 60 now, it still remains comfortably above 50, in a sign that the momentum is still with the buyers.This is also suggested by the fact that SOL's support level (green) has risen substantially since the beginning of the September, providing another sign that the altcoin has been consolidating around ever-higher bases.SOL's rises have been helped this year by Solana's development as a blockchain network, with its most notable achievement being its ability to run with 100% uptime for over seven months now.Its most recent piece of developmental news involves the aforementioned privacy update, something which Solana supporters would suggest makes SOL as useful as any other major privacy-enabling cryptocurrency.Coming on top of Solana's utility as a base layer for NFTs and other applications, such privacy features should help its network attract more users and more apps, which in turn should help boost SOL's price in the long run.What's encouraging about SOL's recent growth is that, despite the token's price gains, Solana's total value locked in still remains at a relatively low level.Yes, it is the fifth-biggest layer-one network in terms of total value locked in, but at only $315 million, its current TVL is only 3.15% of what it used to be in November 2021, at the peak of the last bull cycle.As such, Solana has plenty of recovering left to do, something which could see SOL eventually reach such levels as $100, $200 or higher.Diversification With Newer AltsWhile SOL looks as though it has bigger gains on the horizon, it isn't the only high-potential altcoin in the market right now, with traders also advised to diversify into newer, smaller cap alts that could rally big when they list on exchanges.One good example of this is Bitcoin Minetrix (BTCMTX), a tokenized cloud mining platform that launched its presale only a few weeks ago and has already raised $800,000.This figure suggests that the market is quickly voting with its proverbial feet for the new platform, which will enable users to mine Bitcoin by staking its native BTCMTX token.This system works by converting staked BTCMTX into tokenized mining credits, which are then used to purchase hashpower on the Bitcoin blockchain.Holders who stake enough BTCMTX will therefore receive actual BTC as a reward for their contributions, while they will also receive BTCMTX itself as direct staking rewards.This could make the token very profitable for holders, which perhaps explains why its presale has raised more than many other sales happening at the moment.Investors can begin participating in the sale by going to the official Bitcoin Minetrix website, where they can connect their crypto wallets and buy BTCMTX at a price of $0.011.This will eventually rise to $0.01190 by the time of the sale's tenth and final stage, which will end with the token listing on trading platforms, where it could make early investors a considerable profit.Visit Bitcoin Minetrix NowDisclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.Dogecoin Price Prediction as Hopes for $1 Linger – Is a Bull Market on the Horizon for DOGE? UAE's central bank pilots cbank digital currencies transactionsConversely, Bitcoin has not experienced a strong continuation of the upward trend during this time and is consolidating. Moreover, it still remains about 60% below its November 2021 ATH. The key selling point of blockchain web hosting is bypassing the need for a central server, thus securing greater data privacy and control. It offers an alternative to the overarching control exerted by large corporations and governments, a hallmark of web 2.0.

Exchange Rankings Crypto
Image: cyptoranking.com

Cryptocurrency trading is speculating on cryptocurrency price movements via a Contract for Differences (CFD) trading account or buying and selling the underlying coins through an exchange. Cryptocurrency trading does not require acquiring ownership of the relevant currencies. In 2021, during the COVID-19 lockdown, the U.S. government provided support to individuals and businesses through a $1.9 trillion package. This boosted the crypto market with a growth in investment, resulting in a trillion-dollar market cap and Bitcoin hitting an all-time high of around $65,000. Why the U.S. is eyeing a digital dollarAccording to the latest Bitcoin Volatility Index figures, the asset’s 30-day estimate has dropped to levels not seen since March 2019 to 0.57%. The index quantifies the daily variation in bitcoin’s price compared to its initial value. It has proven to be an important cornerstone in the process of developing and implementing Web 3.0 and applications that are connected to it.

Unlike peer-to-peer transactions, centralized platforms often charge high transaction costs for their services and comfort, which can be high when trading in high figures. Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together.One of the main factors that determine the quality of a cryptocurrency exchange is undoubtedly its degree of security. Recent events have reminded us that this factor should not be compromised.Photo: Adobe StockEnsuring maximum security for its users is by far the most critical aspect of any reputable trading platform. PrimeXBT has, to date, never been hacked and has a solid reputation for reliability and the way the administrators manage the security of this must-have exchange.Cold storage, maximum securityIt should be noted that the majority of bitcoins are stored on the platform's wallet via "cold" wallets. This is called cold storage. This way of storing crypto-assets provides users with maximum security because the funds are not directly accessible from the outside but are locked offline to minimize the risk of unauthorized access. Furthermore, in order for PrimeXBT users to withdraw funds, a number of crypto assets are kept in a "hot" wallet or hot storage. Daily withdrawals can be made smoothly.Moreover, transfers between the hot wallet and the cold wallet are confirmed using multiple signatures (Multisig), which is the most secure and most used way of managing this type of process in the crypto industry. This security standard contributes greatly to reducing the risk of having what is called a point of failure.CloudflareIn addition to the security measures mentioned above, PrimeXBT protects its users' crypto assets with Cloudfare, a specialized solution against distributed denial-of-service (DDoS) attacks."Cloudflare's anti-DDoS protection solution secures websites, applications and entire networks while ensuring that legitimate traffic is not compromised. With 172 Tbps of capacity, Cloudflare's network blocks an average of 126 billion daily threats, including some of the largest DDoS attacks in history."It should also be noted that the platform's hardware is hosted on Amazon Web Services (AWS) servers, which gives it enough capacity to run its powerful and efficient trading engine.In concrete terms, what happens is the following: all data exchanged between the user and the platform is fully encrypted using a full SSL encryption system, making it almost impossible to intercept.User-side securityFrom the user's point of view, PrimeXBT has obviously put in place all the security standards used in the industry to ensure the best protection. Among these best practices, we obviously think about how to secure access to PrimeXBT accounts. We're talking about a powerful password combination combined with 2FA authentication based on Google Authenticator (two-factor authentication). This form of authentication is a very secure method by which a user can access a computer resource (a computer, a smartphone or even a website) after presenting two distinct proofs of identity to an authentication mechanism.Using 2FA authenticationIn addition, PrimeXBT your password and privacy by hashing them using bcrypt with a "cost factor" of 12 and encrypting all other sensitive data.Fast registration process without KYCThe security offered by Prime XBT also concerns the private life of its users. It ensures them certain confidentiality, in particular by not requiring them to pass mandatory KYC (know your customer) checks. Thus, users' data is not linked to their names. This becomes even more important in case of hacking of the platform. Hackers would not be able to associate an account with personal identifying information such as a physical address, phone number or email address. Prime XBT is an unregulated exchange that does not conform to local banking restrictions.Use of white listsIn the unlikely event that a hacker manages to gain access to a user's account, it should be understood that their crypto funds are protected through the use of what is known as a whitelist of Bitcoin addresses. These are pre-approved BTC addresses. This prevents hackers from sending bitcoins to any of their addresses, which are not on the user's validated whitelist.Use of white listsEmail notificationIn addition to all the measures mentioned above, PrimeXBT also allows you to control what happens to your account through email notifications when someone logs on to the account or when there are transactions.To sum up, we can say that Prime XBT is undoubtedly one of the most secure platforms available today. Although it is not regulated, it more than makes up for this by offering its users complete security and confidentiality of their accounts.Learn about the PrimeXBT platform and how to trade like a pro with PrimeXBT's copy trading option.Current Bonus Plan: When you first register at PrimeXBT and make your deposit, enter the code CRYPTONEWS7000 to get your bonus as a reward in your trading account, equal to your deposit (up to a maximum of $7000). Full details here.CryptoMeister gives tips for choosing a trading platform for cryptocurrencies Is Bitcoin Legal in Canada?Ocean Protocol’s OCEAN token holds a special place in the world of blockchain as it is utilized for data curation and the buying and selling of data. Its unique tokenomics model disburses the token supply over time, promoting both short-term growth and long-term sustainability. OCEAN is designed to increase in value as its usage volume rises, making it a key asset within the Ocean Protocol ecosystem. Reserve expands RTokens to Base

CEO Jason Les revealed that this contract had contributed significantly to the firm's revenue, bringing in $11.0 million in Power Credits and $2.5 million in Demand Response Credits. Notably, Riot Platforms' power curtailment credits exceeded the net proceeds from Bitcoin sales in August and September. Gemini Presses on in India Despite Rocky Regulations Can the IRS track crypto?In a space where past trends can sometimes indicate future outcomes, ETH’s price behavior, when viewed against BTC, offers a tale of potential concern. He further opined that a hawkish stance by the Federal Reserve on interest rates could usher the American economy into the cold arms of recession.

Have an opinion on this story? Share it!