Blockchain and Cryptocurrency in Africa - cyptoranking.com

2024-05-12

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The economic finality concept is often associated with PoS systems. A transaction is considered final in terms of economic finality if going back on it would be financially unviable. In PoS, validators or nodes are required to provide a stake as collateral, a specific quantity of cryptocurrency. If they approve fake transactions, they run the risk of losing their stake, making it economically irrational to act maliciously. “We're thrilled to be backing Proof of Play as they build an on-chain gaming future with composability, interoperability, and permanence at the core of gameplay, enabling players to truly own their assets and anyone to create a new game on top of another,” said Andreessen Horowitz’s Chris Dixon, in a release.Farmville co-creator-led company raises $33M to create Web3 games Blockchain and Cryptocurrency in AfricaSource: A video screenshot, Youtube/Entrepreneur MEBinance CEO Changpeng Zhao believes decentralized finance (DeFi) can outshine centralized finance (CeFi) during the upcoming bull run. On September 1, the crypto boss hosted a live X Spaces event, during which he expressed his belief that DeFi has the potential to surpass CeFi in terms of trading volumes. “I think the more decentralized the industry becomes, the better,” Zhao said, suggesting that it may not be long before DeFi overtakes CeFi trading volumes, as it currently stands at around 5% to 10% of CeFi volumes. “DeFi is the future; the volume is somewhere between 5% to 10% of CeFi volumes, which is not small right [...] the next bull run may very well make DeFi bigger than CeFi.“The prediction aligns with recent developments in the cryptocurrency market. Following legal actions by the United States Securities and Exchange Commission (SEC) against major centralized exchanges Coinbase and Binance, the trading volume of the top three decentralized exchanges (DEXs) increased by 444% in 48 hours. The current 24-hour trading volume on DEXs stands at $722,776,226.Zhao also commented on the recent dismissal of a class-action lawsuit against decentralized protocol Uniswap. He described it as a positive and logical decision, emphasizing the importance of regulatory clarity. As reported, on August 30, the judge presiding over the case said he found no grounds to proceed with the lawsuit against Uniswap. The verdict arrived after an extended legal process leading back to April 2021 that scrutinized the specifics of Uniswap's operations and their alignment with financial regulations.Developers Cannot be Held Reliable for Misuse of DeFi ProjectsDuring the X Spaces session, a user mentioned a judge's decision stating that developers cannot be held liable for the misuse of DeFi platforms. Zhao echoed this sentiment, stating that the protection of developers is a positive development for the industry. He emphasized that writing code is a form of free speech and should be protected.“Developers writing code, that code is free speech. So the development is really good,” CZ stated.Recent data indicates a shift in investment patterns, with venture capitalists reallocating funds from CeFi projects to invest in the growing DeFi sector. A March report from CoinGecko highlighted that digital asset investment firms invested $2.7 billion in DeFi projects in 2022, marking a 190% increase compared to 2021.In contrast, investments in CeFi projects decreased by 73% to $4.3 billion during the same period. The report suggests that DeFi is emerging as the new high-growth area in the crypto industry, while CeFi may have reached a saturation point.Meanwhile, Binance has recently told users to convert their Binance USD (BUSD) tokens to other stablecoins before February 2024.The exchange encouraged users to trade or convert their BUSD balances for First Digital USD (FDUSD) — a stablecoin launched in June by the Hong Kong-based trust company First Digital Group which had its debut listing on Binance.It is worth noting that the market cap of BUSD has taken a hard hit following the regulatory clampdown. Since the start of the year, BUSD's market cap has plummeted by over 80%, dropping from $16.13 billion on February 9 to its current value of $3.1 billion.Uniswap Class Action Dismissed in Landmark Ruling for DeFi A city digital asset exchange, initially announced sometime in January 2023, is also part of Busan’s recent blockchain push.

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Wyatt adds that a Web3 game doesn’t need to be “high-fidelity” for it to break the popularity barrier. “Minecraft is what changed YouTube for gaming, and that game looked like complete shit when it first came out.” nano config.json eToro Crypto Review 2023Anyone. In addition, Messari reinforced its bullish outlook on Friend.tech’s potential growth, unveiling the massive $320k average daily revenue fees, which is 6 times OpenSea’s current daily revenue. Narrating the platform’s appreciable TVL that has outdone major DeFi players, Messari cited,

Wang has previously said he “didn't think the lawyers would tell him to sign something that was illegal,” the filing said. Alameda had a $65 billion line of credit, according to Wang’s testimony. Klein addressed this amount and said, “These are eye-opening amounts of money.” Moreover, he explained that the jury wouldn’t be “able to relate to that” and said this is a “devastating fact for the defense.” Klein questioned if the defense would be able to counter this. Dogecoin to PKR, USD on September 24, 2022I’m ready for tomorrow, are you? Catch my livestream from 12-2pm tomorrow:https://t.co/r40WRqz8zw pic.twitter.com/bSxVuNPL2U Apart from banning individual miners’ operations, the NAPP has also required firms to only use solar power to mine cryptocurrencies like Bitcoin (BTC). However, miners can still use the unified power system of Uzbekistan in certain cases stipulated by the legislation. The document doesn’t mention what cases are meant.

Upcoming Lawsuits? All the details below. Crypto Trading 101: How to Read an Exchange Order BookRead more: How BlockFi went from tech unicorn to crypto burnout The Global In/Out of the Money (GIOM) chart, which depicts the entry price distribution of current SHIB holders, also validates this bearish prediction. It shows that Shiba Inu losing vital support at $0.000006 could catalyze historic losses.

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