Can I trade derivatives in India? - cyptoranking.com

2024-05-10

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Liquid Staking, on the other hand, provides a more flexible approach. When you stake your assets, you receive a token representing your staked assets, such as ankrETH. These tokens are tradable and can be used in various DeFi protocols, from providing liquidity to collateral for loans. The revolutionary aspect of Liquid Staking is that it combines the benefits of staking, such as earning the staking rewards while participating and boosting Ethereum network security, with the advantages being more capital efficient, more flexible for stakers, and easier to participate in the validation process of Ethereum and get access to the "risk-free rate" in the form of staking rewards.” In the chain of decentralized data blocks, a mechanism of understanding between the user and the block mechanics is essential. Therefore, a consensus protocol works here, creating a consensus algorithm between all the peers of the network. This is also a common agreement about the current state of the DLT. Can I trade derivatives in India?Source: MoonPayCrypto payments infrastructure firm MoonPay has unveiled a new feature in its app that enables users to swap one cryptocurrency for another. "Introducing Swaps! Unlock the value from the assets you already own by swapping over 1,500 trading pairs," the company said in a recent post on X (formerly Twitter).The new feature expands the functionality of MoonPay's retail-facing crypto app, which was launched in May and initially allowed users to purchase cryptocurrencies and manage multiple wallets within the app.MoonPay claimed that the swapping feature has been optimized to enhance efficiency.Instead of relying on smart contracts, which can be costly due to their complex operations, MoonPay executes the swaps through two sends: one for receiving the deposit and another for sending the quoted amount. This approach reduces the gas required for the swap, making the process more streamlined and cost-effective, as explained by Ivan Soto-Wright, co-founder and CEO of MoonPay.With a claimed customer base of 16 million users worldwide, MoonPay has been expanding its business beyond its core payments infrastructure model. Alongside the app and non-fungible tokens (NFTs), MoonPay launched a venture capital unit in August, aimed at investing in early-stage web3 and fintech startups. Additionally, MoonPay made its first acquisition earlier this year, acquiring the web3 creative agency Nightshift to assist brands in offering web3 features.MoonPay Gathered Attention After Raising $555 MillionThe company garnered significant attention and investor support in late 2021 when it raised $555 million in a Series A funding round led by Tiger Global Management and Coatue, resulting in a valuation of $3.4 billion. Reportedly, as part of this funding round, Soto-Wright and other MoonPay executives cashed out $150 million by selling their shares. Shortly after the funding announcement, Soto-Wright acquired a $38 million mansion in Miami.However, MoonPay has faced legal challenges in the past. In December 2022, the company was hit with a class action lawsuit alleging its involvement in a conspiracy with Bored Ape NFTs creator Yuga Labs and several celebrities to artificially inflate the value of NFTs. Additionally, in June 2023, it was claimed that MoonPay gifted valuable Bored Apes NFTs to celebrities as a promotional strategy. MoonPay denied the allegations of providing celebrities with free Bored Apes but did not provide further details.MoonPay's new addition comes as payment giants continue to expand their suite of crypto products and services. Back in August, PayPal announced that it is rolling out its PYUSD stablecoin soon. The dollar-pegged asset is issued by Paxos, a blockchain infrastructure firm that used to issue Binance USD (BUSD) stablecoin.Last month, Coinbase also received regulatory approval to offer perpetual futures trading services to retail customers outside the United States. Hamas Received $41 Million in Crypto in Lead Up to Attack on Israel Cowen says ETH will be coming “home” within the next several months.

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Honoring the 'Doge' Meme: A DogeCoin community collaborated with local governments to install a statue in Sakura, Japan. This statue, set to be unveiled on November 2 (Kabosu's birthday), pays homage to the dog that inspired the meme. DOGE, with an $8.3 billion market cap and $167.23 million trading volume, is currently trading at $0.05886. Technical Indicators What is the best platform for Bitcoin options?More from Web3 gaming space: Nevertheless, Altman maintained a positive outlook on Bitcoin, describing it as a logical and vital global cryptocurrency operating outside any government’s control. Joe Rogan echoed this sentiment, suggesting that Bitcoin could evolve into a universally accepted currency.

“As Arbitrum, are we thinking about the security and the decentralization of liquid staking, or are we thinking about growing ourselves where we’re getting more whales, where there’s the minting of staked ETH on Arbitrum? I think that’s the biggest question,” Alex Lumley, product developer at fellow grant applicant Savvy DeFi, said.IoTeX launches confidential computing hardware stack The creator of the Ordinals protocol has introduced a refined version named Runes to potentially replace BRC-20, characterized by a reduced on-chain footprint. This may have stoked fears among users that Runes might entirely supplant BRC-20, possibly contributing to the diminished activity. Which is the safest crypto trading platform in India?Invesco is the latest fund group to pursue an ETF that would hold ether directly. In July, Gucci teamed up with Christie’s once more on an NFT sale showcasing the work of leading digital artists including Iskra Velitchkova, who created a generative algorithm inspired by the handle of yet another bag—the Bamboo 1947.Metaverse trademarks plummet in 2023; End of virtual revolution?

OptionBlitz Leverages Ethereum Layer 2 Protocol Arbitrum to Pioneer Zero-Day Options & Social Trading Platform Monthly chart for ETH/BTC (Source: TradingView) What is the easiest way to start crypto?Bitcoin dominance hits 3-month high as ‘hammered’ altcoins risk dive One could argue that the recent 10.6% retracement merely reflects an adjustment to the overexcitement triggered by the testnet launch. However, other factors may have contributed to investors' worsening sentiment towards Polygon. For instance, Polygon’s ZK subnet, zkEVM, has lagged behind competitors in terms of activity and deposits.

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