Bitcoin rates in PKR and USD on April 25, 2023 - cyptoranking.com

2024-04-30

Popular crypto exchanges(2023 Update) 2024-04-30
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Polygon’s native token (MATIC) experienced a 16.4% rally that coincided with the launch of Polygon 2.0 Goreli testnet on Oct. 4. However, the resistance at $0.60 proved stronger than anticipated, and was followed with a 10.6% decline over the six days leading into Oct. 10. But if that resistance level caves, Shiba Inu’s price could rally toward the $0.00001 range. Bitcoin rates in PKR and USD on April 25, 2023Bitcoin Cash (BCH) Price Prediction | GIOM data | Source: IntoTheBlock Source: Pixabay / Miloslav HamrikEthereum co-founder Vitalik Buterin has reportedly transferred 400 ETH to Coinbase, worth $632,000, resulting in a total transfer of $3.94 million worth ETH to various crypto exchanges in September alone.Data from blockchain analytics firm Spot on Chain revealed that the transaction took place at 01:43 AM (UTC) on Monday. Per the analysis, he has so far deposited a total of 2,421 ETH to multiple centralized exchanges (CEX) “via two addresses over the past 10 days.”The data further revealed the breakdown of fund transfers noting that the crypto influencer sent 721 ETH, worth $1.159 million to Kraken and Coinbase exchanges. 321 ETH were supposedly transferred to Kraken between September 15 and 19, it added.Buterin also moved 1,700 ETH to Bitstamp and Paxos, between September 17 and 20, the data firm wrote.Early this month, he liquidated 500 Maker tokens (MKR), valued at around $580,000, for 353.4 Ether at the time. This transaction marked the first time Buterin has sold Maker tokens in two years. The string of transfers from Buterin’s wallets has led to speculations across the industry on what he might be planning.On August 21, Buterin transferred $1 million worth of Ether to Coinbase following the crypto’s 10% decline and broad market downturn.ETH Price SlumpAccording to Coin Market Cap, Ether has shown a remarkable 24-hour surge in trading volume with a 116.57% raise at press time. However, the price showed a slump of 1.01% in 24 hours. The world’s second largest crypto is trading at $1,576 at the time of writing.According to Glassnode Alerts, Ehereum’s gas usage has shown a decrease, reaching an 8-month low of 16.515 gwei. Ethereum gas is what users pay to process transactions or use smart contracts on the Ethereum network.High Gas Fees Alert: Binance Wallet Records $840,000 in Abnormal Ethereum Charges

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Introduction of Runes Crypto winter put the NFT market into a deep freeze, causing sales and royalties to plummet. But the impact of Blur taking over the marketplace arena by doling out generous incentives and introducing a radically reduced royalty structure has made it even harder for other companies in the space. Buy Bitcoin in United States (USA)Yuga Labs is announcing a restructuring that will better focus our team on our core priorities. While certain roles have been impacted, these changes are necessary to evolve as an organization. For more see a note written by @dalegre on our https://t.co/722YfqwaCB official blog. Cryptocurrency exchange Coinbase announced the addition of the Polygon (MATIC) network to its multi-chain availability for USDC.

Coinbase director Conor Grogan highlights Alameda Research's extensive involvement in minting nearly $40 billion USDT in 2021.Image by Timon, Adobe StockToday, Conor Grogan, a director at Coinbase, brought attention to Alameda Research's actions concerning the Tether (USDT) stablecoin. According to blockchain data analyzed by Grogan, Alameda Research minted upwards of $39.55 billion in USDT throughout 2021, despite lacking equivalent assets under management.Alameda Research and The USDT ConundrumThe sheer scale of USDT minted by Alameda Research raises questions, especially considering the value of created USDT exceeded the firm's total assets during 2021's cryptocurrency bull run. This practice seemingly contradicts the principle of stablecoins being backed by equivalent assets.Sam Bankman-Fried's FTX exchange is closely related to Alameda Research. Grogan suggested that a significant portion of USDT redemptions ordered by FTX was likely sourced from Alameda's minted tokens. Approximately $3.9 billion USDT was redeemed, much of it during the collapse of Terra's algorithmic stablecoin.Profiting from Arbitrage: Sam Trabucco's PerspectiveIn January 2021, Sam Trabucco, former co-CEO of Alameda Research, provided insights into how the firm took advantage of arbitrage opportunities related to USDT. Trabucco stated that the value of USDT compared to $1 could be volatile, particularly with regard to Bitcoin-to-USDT trades.“And note, these are the best markets to use to determine where USDT is trading — the combo of BTC/USDT and BTC/USD markets, e.g., are WAY more liquid than any exchange’s USDT/USD market, so the prices from these (even though its a two-leg trade) matter way more,” Trabucco tweeted in 2021.Trabucco explained that Alameda Research had the capability to "safely put on big bets" due to its ability to mint and redeem USDT as needed. He described the situation as a "win-win" for both Alameda and the stability of USDT.The Debate Over USDT's StabilityGrogan's revelation adds another layer to the ongoing debate about the true stability of USDT. Sam Bankman-Fried also participated in discussions in 2021, stating that Alameda actively redeemed USDT for U.S. dollars.Alameda's ability to influence USDT's dollar peg through arbitrage opportunities has implications for the broader crypto market. Trabucco also highlighted the company's role in stabilizing USDT's value, stating, “Obviously we’re making money because we can, e.g., selling above where we create, but we’re also bringing the price in line so that when aggro buyers come in, it sticks close to $1.”The disclosure by Coinbase's Conor Grogan about Alameda Research's extensive involvement in minting USDT invites scrutiny into the stablecoin's backing and stability.While Alameda Research and its closely related exchange FTX have long been subjects of discussion, this new information may prompt market participants and regulators to reevaluate the mechanisms behind USDT's value. FCA Sanctions Binance's UK Partner RebuildingSociety.com for Financial Promotions The market intelligence firm said the $9.99 billion worth of USDT currently on exchanges is the highest level of buying power for the stablecoin in seven months. This indicates that trader buying power has risen once again. On the other hand, about $30 billion worth of USDT sits outside exchanges. What I Learned After Three Beers at a Bitcoin BarCrypto mining is not dead, but the crypto and blockchain sector is quite clearly favoring Proof-of-Stake at the moment. Of course, the biggest exception here is Bitcoin, which will likely keep its Proof-of-Work consensus mechanism for as long as possible. On the weekly time frame, a similar situation is evident. However, there are still many days left until the candle closes. If buyers take the initiative and maintain the price above the previous bar's low, we might see a bounce back to the $215-$220 range.

The RSI is above 50 and increasing, both signs of a bullish trend. Liquidity for the platform is sourced from compliant, independent liquidity providers, it added. How do you sell in Binance for beginners?Riot Platforms CEO Jason Les said the contract has continued to provide a strong revenue source for the firm: Source: medium.com/sorare/Non-fungible token (NFT)-based fantasy game and marketplace Sorare has announced its 3D digital football player cards with integrated augmented reality (AR) capabilities. The 2023–24 Sorare Football season will see the inaugural launch of the 3D digital player cards across the Sorare Football universe, the platform said.They will go live in Sorare's web and mobile apps, first available on iOS. Users, so-called Managers, will be able to interact with the cards in the real world through the app. Sorare decided to make a bespoke frame for each of Europe’s top leagues: Premier League, Bundesliga, LaLiga, and Serie A - each to be announced in the coming weeks.Cards featuring Premier League players will go out on the marketplace on September 13. Premier League tweeted that the "cards will be 3D, interactive and tangible in real life."'New Designs for Years to Come'Sorare wants to "redefine the boundaries between physical and digital fandom by reinventing the act of collecting football cards."The team designed the cards' backgrounds to make them "pop" in 3D and "shine," thanks to the dynamic reflections and lighting.Furthermore, there is a frame connecting the front and the back of the card to provide the 3D aspect depth, which, combined with the lighting element, creates a tangible quality, the post stated.According to the team,"This new step in our card design evolution into 3D invites progression. With an added depth with the frame, via textures and shapes, we have the ingredients to evolve Sorare digital player cards and create new and exciting designs for years to come."The card information has been structured in two parts: league and season data at the top, and player data at the bottom."A key element of the card design is player photography," according to the platform. This is where scalability comes into play as thousands of cards are minted each season.For future iterations, the team aims to test special edition cards with different photography but emphasizes that this is "a complicated project to scale."Treasure Hunt BeginsMeanwhile, ahead of the 3D digital player cards launch, Sorare unveiled its 3D Card Virtual Treasure Hunt spread across three citiesPer the blog post, the goal is to find the key to an Ethereum wallet, which is a master password consisting of 12 words. The words need to be arranged in the correct order to unlock the wallet, withdraw the cards, and transfer them to the winner's own wallet.The first person to complete the hunt before October 10 will win the AC Milan prize package: they will fly with the team to attend one of its Europe matches with VIP tickets in hand. ____Learn more:- Beginner's Guide to Sorare Fantasy Football- Premier League Backs Sorare's NFT Fantasy Football Game in a Bold Move- Soccer Premier League Lines Up £30 Million Deal with Sorare NFT Platform- Breaking NFT News TodayChina Unveils New Crypto Game 'MetaCene' to Revive Crypto Gaming Scene

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