How to Buy Bitcoin Legally and Easily - cyptoranking.com

2024-05-02

Popular crypto exchanges(2023 Update) 2024-05-02
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Decentralization advocate and crypto critic Chris Blec asked ChatGPT for the downsides, and a large list was produced. The positive outlook for UOS is bolstered by the continuous expansion of the Ultra platform, which is attracting a growing community of gamers worldwide. How to Buy Bitcoin Legally and EasilyThe Valkyrie Bitcoin Strategy ETF (BTF), which is set to change its investment strategy to add ether futures exposure to the fund starting Tuesday, saw roughly $4.5 million in volumes Monday, Yahoo Finance data shows. The one-time Goldman Sachs employee has traditionally been bearish on crypto, especially given regulatory scrutiny in the United States. Meanwhile, bitcoin is expected to remain volatile throughout this month.

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From January 1 to September 1, the total trading volume for Ordinals on Bitcoin reached $596.4 million. That makes Bitcoin the third most popular network for NFT trading by volume, trailing Ethereum and Solana. Interestingly, the activity surrounding Ordinals has resulted in the most extended period of uncleared pending Bitcoin transactions since the start of 2021. 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 How to Buy Bitcoin and Crypto with Cash in Australia (2023)If a position has a strike price significantly different from the current price, it will likely expire worthless, lessening its impact on trading. Source: Pixabay / Miloslav HamrikVanEck has announced that it will donate 10% of all profits from its upcoming Ethereum (ETH) futures exchange-traded fund (ETF) to the Ethereum core developers for a period of ten years. The beneficiary of this initiative will be The Protocol Guild, a group comprising more than 150 developers who are responsible for maintaining Ethereum's core technology, the asset manager said in a recent post on X (formerly Twitter).VanEck said that it is only fair for asset managers to give back to the community that builds and supports the crypto protocol. "Thank you, Ethereum contributors, for nearly a decade of relentless building & ongoing stewardship of this common infrastructure," the company wrote. The company expressed its hope that other asset managers and ETF issuers would also consider adopting a similar approach.This move by VanEck aligns with the growing trend of crypto-native communities supporting the Ethereum network. Notable contributors include Lido Finance, Uniswap, Arbitrum, Optimism, ENS Domains, MolochDAO, and Nouns DAO. According to a public dashboard tracking donations to the Guild's mainnet, over $12 million has been generated from 4,846 contributions. These funds are distributed among the Guild's members based on a weighted ratio determined by their contribution periods.VanEck unveiled its upcoming Ethereum Strategy ETF (EFUT) on September 28, which will invest in ether futures contracts. The fund will be actively managed by Greg Krenzer, the head of active trading at VanEck, and is set to be listed on the Chicago Board Options Exchange in the near future.Investment Firms Rush to Launch Ether FundsIn addition to VanEck, other traditional investment firms are also planning to offer exposure to Ether futures. Valkyrie, another company in the space, plans to offer exposure to Ether futures through its existing Bitcoin Strategy ETF, now rebranded as the Valkyrie Bitcoin and Ether Strategy ETF. Bitwise also submitted an updated prospectus for their equal-weight Bitcoin and Ether futures ETF on September 28, with expectations of going live next week. Additionally, Kelly ETFs has partnered with Hashdex to deliver futures Ether ETFs in the near future.Most recently, Invesco and Galaxy Digital filed for a spot Ether ETF, dubbed Invesco Galaxy Ethereum ETF. Notably, the United States Securities and Exchange Commission (SEC) recently delayed its decision on approving a spot Ether product until December.However, there are speculations that futures-based Ether ETFs are expected to become available as early as next week. In fact, reports have suggested that the SEC may commence approval of Ether futures ETFs in early October, which has generated significant interest among asset managers eager to participate."Hearing the SEC wants to accelerate the launch of Ether futures ETFs (bc they want it off their plate bf shutdown) so they've asked the filers to update their docs by Fri pm (no small task to jam into 48hrs, esp for indie issuers), so they can go eff Mon and trade Tue," ETF analyst Eric Balchunas wrote in a recent post on X.Invesco and Galaxy Pursue Spot Ether ETF Application

Even when BRC-20 tokens are excluded from Bitcoin’s cumulative Ordinal volume, Bitcoin is still in the third spot for digital collectible activity. Data shows that the top 50 BRC-20 tokens consisted of just 30% of all Ordinals volume. The revolutionary fuse mechanism of the Trantor Network integrates many security measures to secure assets during transfers. Trantor Network now permits indigenous non-fungible tokens (NFTs) to flow seamlessly between different Ethereum Virtual Machine (EVM) chains. It includes Binance Smart Chain (BSC), Optimism (OP), Ethereum (ETH), and others. Top Crypto Exchanges To Buy/Sell Cryptocurrency With ...“The Bitcoin halving – the event that reduces the reward for mining Bitcoin blocks by 50%, is a significant event in the cryptocurrency market. However, its direct impact on the price of XRP is likely limited given that they operate on disparate underlying principles and technologies. That being said, the broader market sentiment and trends triggered by the halving might impact all cryptocurrencies, including XRP.” A Star Atlas representative previously told Decrypt via email that SAGE Labs is “unlike any other ‘Web3’ game out there” because “absolutely everything is done on-chain.” When more (or all) game elements require a player to sign a transaction with their wallet, it can add up—even with a relatively small player base.

The UK will likely propose more detailed rules for regulating crypto in Q1. Europe’s Markets in Crypto-Assets bill, which offers crypto companies a license usable across the entire European Union (EU) bloc, will come into effect in 2024. A Telegram user, fan of Shibarium and its cryptocurrencies, asked a question as to why Shibarium staking rewards have not been yet distributed and also why there are still only 12 validators on the network, while their number was promised to expand to more than a hundred. South Korea to Allow Offshore Firms to Participate in FX MarketsGeneral Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.What Is Polygon? Beginners Guide to MATIC Inflation is seen as a big threat, especially in periods when it runs wild, such as the inflation seen in the late 1970s. These so-called hyperinflations occur when the monthly increases in prices exceed 50% over some period of time. Oftentimes, these rapid increases in prices are followed by a breakdown in the underlying economy.

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