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2024-05-07

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Should the MFI be pegged back, the ETH may fall into the $1,400 region. The Awesome Oscillator (AO) indicated that ETH may experience another decline as the indicator was deep in the negative zone. Axos has maintained relationships with Binance.US and BAM Trading, the parent company of Binance.US, even as the companies face a string of legal challenges. Binance.US and BAM Trading held over 10 accounts with a startling $377 million in customer funds at Axos as of May 2023. Bitcoin ATMs in Brazil-buy Bitcoin crypto machines in BrazilHong Kong’s police force has raised the alarm after 11 Hong Kong-based Binance customers were targeted in a wave of phishing scams sent through text messages. Ethereum Whale Holdings Have Been In Constant Downtrend Since 2020

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Financial Sector Implications in Hong Kong Fee: Do you see progress arriving at a faster pace in places outside the U.S.? How to connect and use Uniswap with Trust wallet?Cryptocurrency analysis company Kaiko analysts examined the reasons for this situation in their latest report. The price of Solana’s SOL (SOL) experienced a 20% gain between Sept. 28 and Oct. 6, but is the rally a tandem move with Bitcoin (BTC), or is it being driven by other factors? Prior to the price breakout — or perhaps, its recovery — SOL faced a turbulent period after a U.S. court approved the sale of $1.3 billion in SOL from the bankrupt exchange FTX. Solana daily price index, USD. Source: TradingViewThe bankruptcy court has taken measures to ensure that the liquidation of FTX assets won’t become a burden for the crypto market, demanding the sale to occur through an investment adviser in weekly batches in accordance with preestablished rules.Following the initial impact, which drove SOL’s price down to a two-month low of $17.34 on Sept. 11, some degree of confidence among bulls emerged as it reestablished the $20 support on Sept. 29. This movement coincided with a successful upgrade to version 1.16, boosting SOL by 16% over the next seven days.SOL’s rally was also supported by growth in the usage of decentralized applications (DApps) and increased nonfungible token (NFT) volumes on Solana. SOL’s price is now attempting to establish a $23 support and consolidate its position as the fifth-largest cryptocurrency (excluding stablecoins) by market capitalization, surpassing ADA’s (ADA) $9.22 billion.Solana’s DApp and NFT market activity surges When analyzing networks focused on DApp execution, the number of active users should be a top priority. Therefore, one should begin by quantifying the addresses involved with smart contracts, which serve as a proxy for the number of users. Solana DApp active addresses, 7-days. Source: DappRadarNotice that the increase in activity was consistent across all sectors, including NFT marketplaces, decentralized finance, collectibles, social and gaming. Furthermore, Solana’s active addresses engaging with DApps exceeded those of Ethereum in the same period, which were capped at 55,230.Solana has been gaining traction in the NFT market due to its cost-efficient and scalable solution, as data is compressed and stored off-chain. This allows for more viable production in larger quantities, as they require lower minting fees, enabling creators to reach wider audiences.NFT sales per blockchain, 7-days. Source: CryptoSlamOver the past seven days, the Solana network surpassed Polygon in NFT sales, accumulating $6.8 million in value, according to CryptoSlam. In September, the situation was reversed, with Solana totaling $23.9 million, while the Polygon network achieved $31 million in NFT sales.Network upgrade enhances privacy and eases the stress on validatorsA potential driver behind SOL’s recent 20% price gains was the network upgrade to version 1.16 on Sept. 28, which introduced a “gate system” to ensure the gradual activation of new features on the network. This process helps maintain network stability and prevents issues caused by sudden changes.Another notable change in this update is “confidential transfers,” which use zero-knowledge proofs to encrypt transaction details, enhancing user privacy. The release also includes improvements in RAM usage for validators, resizable data accounts and a mechanism to identify corrupted data.Overall, this update brings improved efficiency, privacy and security to the Solana blockchain, marking a significant milestone in its development. Stiff competition from Ethereum layer-2 solutionsDespite Solana’s competition with other blockchain networks, there is no doubt that Ethereum layer-2 solutions have gained more traction in terms of total value locked (TVL) and activity. For instance, Arbitrum holds $1.73 billion in TVL, and Optimism holds another $637 million, according to DefiLlama —both vastly superior to Solana’s $326 million.Even as Solana continues to make progress in terms of privacy, scaling and security, external factors are at play beyond the FTX bankruptcy drama, making the $23 resistance harder to breach than anticipated. Ultimately, investors remain largely focused on the Ethereum ecosystem, as it remains the leader in terms of developers and consolidated decentralized applications.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Meta is by no means the only company to have been swept up in the metaverse craze, but it’s bet on the concept was so large, and the apparent failure of that bet so damaging, that many are ready to write the idea of virtual, interoperable worlds off entirely. DOT Disappoints and Dumps Again Which crypto exchange is working in UK?Riccitiello’s departure may be unsurprising to some in the gaming industry who have been calling for the executive to step down for years. Game World Observer reported last year that game developerss demanded that Riccitiello step down as CEO after the executive called gamemakers who don’t understand the importance of monetization “the biggest fucking idiots.” Regulations:

(Sandali Handagama contributed reporting.)Top FTX Victim Points at Influencers' Roles as SBF Faces Trial "Sam Bankman-Fried has literally destroyed so many people's lives," said Kavuri, who is now receiving dozens of queries every day from fellow FTX creditors, told BBC. "One person in Turkey was left with only $600 (£490) in their bank account after losing everything, and one in Korea was hospitalized with panic attacks." How To Mine Cryptocurrency: Beginner's Guide To Crypto ...Smart contracts are automated computer programs that are hosted and executed on a blockchain. Founded in 2013, Grease Monkey Games has seen continuous growth, and today, it constitutes an exemplary team of 60 exceptional minds. Their shared vision? To craft aesthetically superior games that seamlessly combine the digital with the robust Motorsports’ physical world. The team, under CEO Arran Potter’s able guidance, shifted their focus from their renowned Film and VFX career to create original IP games in 2014. Mirroring their unarguably eventful journey, the company’s games have seen an overwhelming response, enjoying more than 45 million downloads across the globe. Testament to their success are their well-celebrated creations, Torque Burnout and Torque Drift 1, which combined have over 45M downloads.In 2022, Grease Monkey Games ™ took another strategic leap by unveiling Torque Motorsport. This brand, deeply rooted in their dedication to innovation, is not just another name in the market. It represents a holistic approach to the automotive community, intertwining content creation, part sales, event sponsorships, and game development. With this initiative, Grease Monkey Games reiterates its commitment to not just create games, but to genuinely elevate and reshape the automotive landscape.

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