Is Cryptocurrency a Good Investment in 2023? - cyptoranking.com

2024-05-15

Popular crypto exchanges(2023 Update) 2024-05-15
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You might also like: Hacken boosts Binance proof of reserves security Refusal to Talk Over Phone/Video Chat Is Cryptocurrency a Good Investment in 2023?According to the announcement from Circle, businesses and developers will be able to build decentralized applications with USDC on Polygon. The new offering is touted to enable near-instant, low-fee transactions for various use cases, including payments, remittances, trading, borrowing and lending.Before Circle announced its native Polygon USDC offering, protocol users had to use bridged USDC (USDC.e) from the Ethereum blockchain. The token is not issued by Circle, unlike the new offering, which will be redeemable at a 1:1 ratio for United States dollars.Related: Circle launches USDC stablecoin on Polkadot Asset HubCircle had previously provided support of deposits and withdrawals for USDC.e on Polygon for Circle Mint and its APIs. The issuer plans to discontinue this service from Nov. 10, warning users who attempt to send USDC.e to Circle Mint accounts that their assets may be unrecoverable after this date.The new Polygon USDC token address reflects a current market capitalization of some 4.3 million USDC on the scaling protocol. Source: PolygonscanCircle also notes that the provision of native Polygon USDC will enable low-cost global payments and remittances, as well as accessibility to trading, borrowing and lending on leading decentralized finance protocols, including Aave, Compound, Curve, Uniswap and QuickSwap.The USDC issuer also plans to launch a cross-chain transfer protocol to Polygon to enable interoperability with other blockchain networks. This is set to unlock Polygon-based USDC transfers to and from the Ethereum blockchain.Magazine: The Truth Behind Cuba’s Bitcoin Revolution: An on-the-ground report Against USD, XRP has been steadily climbing after a significant crash in August. It is currently trading within a narrow range between the 50-day and 200-day moving averages, around the $0.5 mark. If there is a bullish breakout, the market could reach the crucial $0.55 resistance zone, which will likely determine the mid-term market trend.

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“We want to create the best case in blockchain and games, by combining the value created by the contents of games and the economy of in-game currency with tokenomics,” Lee added. As seen below, 52,9200 addresses purchased 19.37 trillion SHIB at a maximum price of $0.000007. Considering this is the last major support cluster, they will likely make frantic efforts to HODL. How to buy Ethereum (ETH)?Uzbekistan’s National Agency for Perspective Projects (NAPP) issued a decree on licensing cryptocurrency mining operations, limiting such activities exclusively to legal entities. “The thing about all this is capital,” Wyatt explains. “Last year, between Polygon and Immutable, the amount of capital deployed and games that are building on one of those two stacks was one and a half, two billion, something like that” via venture capital funding.

A bearish breakthrough below the $0.000007164 support level might lead to a test of the next support level at $0.000007100 for SHIB. However, if the bulls retake control and push the price over the resistance at $0.000007236, it might imply a bullish continuation with the next target at $0.000007300. Pros & Cons of Smart Contract Two Exchanges Overtake Binance on CMC Rankings, But Research Suggests Volume Is FakeMeanwhile, Polygon’s Draftkings took the third spot, raking in $3.28 million, though it faced a dip of 18.24%. Sorare followed closely, garnering $2.87 million — a 3.87% upswing. Cryptopunks wasn’t far behind, amassing $2.79 million, a staggering hike of 61.41% from the previous week. Now in its third year, the Cosmos community-driven event was bustling with scores of ecosystem teams in evidence looking to capture mindshare. There was little sign of a bear market, as the conference mood was decidedly upbeat. Attendance was up year-over-year, with estimates coming in at over 2,000.

In the crypto realm, FTX founder Sam Bankman-Fried’s trial was the center of attention this week. Friday marks the fourth day of the trial, which is expected to last at least six weeks. Beyond these domestic investments, the Titan Fund ventured into international territory, supporting projects like Informal Systems, co-founded by seasoned crypto expert and Cosmos co-founder Ethan Buchman, as well as the NFT-focused ecommerce platform KickzMeta and its affiliated project, Mooncourt. Best Crypto Brokers|What They Are and How To Use ThemEllison’s court statements from 2022 already hinted at the depth of her upcoming testimony, indicating SBF’s central role in an alleged scheme that drained $10 billion from clients. On an X (formerly Twitter) post, Hoskinson replied to a user by the name of Swan.ada, who shared negative opinions about Cardano and Hoskinson in particular. The user said that Hoskinson is seen as a liability to Cardano, and if he “keeps on driving the ecosystem discourse and perception, we are screwed and we will remain this troubled billionaire’s toy.”

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