How Biden's executive order on cryptocurrency may impact ... - cyptoranking.com

2024-05-05

Popular crypto exchanges(2023 Update) 2024-05-05
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Crypto companies reported no significant problems registering their business in Cyprus. In September, crypto-friendly brokerage firm eToro received a Crypto Asset Service Provider (CASP) registration from the CySEC, following ByBit, which received the same license in June. Image Source: dydxPopular decentralized exchange dydx has received unanimous approval from its community to transition to version 4 and adopt the DYDX token as the Layer 1 token for its upcoming blockchain. The vote, which took place on the Snapshot platform and concluded on September 4, garnered almost 100% support from the community.Initiated by Wintermute, the proposal received an astounding 36 million votes in favor from 392 addresses, with only 43 votes in opposition from four addresses. This overwhelming community backing paves the way for the migration of the DYDX token from Ethereum (ETH) to a Layer 1 appchain within the Cosmos ecosystem, which is currently on the testnet.The proposal also included the development of an Ethereum smart contract overseen by the dYdX Foundation. This contract aims to enable the seamless transfer of DYDX tokens from the Ethereum network to the new dYdX Chain. "DYDX is now officially planned to be the base token of the dYdX Chain," announced dYdX founder Antonio Juliano.Launched in 2018, dYdX is a leading decentralized derivatives market specializing in perpetual trading. With nearly $240 million in trading volume in the last 24 hours and a total trading volume surpassing $1 trillion since its launch in 2020, the platform continues to be at the forefront of the decentralized derivatives market.Perpetual contracts, also known as "perpetuals," are futures contracts without an expiration date, making them highly popular in the cryptocurrency industry. In the upcoming dYdX version 4, every validator on the network will operate an offchain orderbook. Trading orders will be sent to the network and distributed among validators, who will then generate blocks containing matched orders using a proof-of-stake consensus mechanism.DeFi Platforms Take the Spotlight as Interest in CeFi WanesSince the recent crypto meltdown, there has been a shift in investment patterns, with venture capitalists reallocating funds from CeFi projects to invest in the growing DeFi sector. A March report from CoinGecko highlighted that digital asset investment firms invested $2.7 billion in DeFi projects in 2022, marking a 190% increase compared to 2021.In contrast, investments in CeFi projects decreased by 73% to $4.3 billion during the same period. The report suggests that DeFi is emerging as the new high-growth area in the crypto industry, while CeFi may have reached a saturation point.As reported, Binance CEO Changpeng Zhao has also predicted that DeFi can outshine CeFi during the upcoming bull run. During a recent AMA, the crypto boss expressed his belief that DeFi has the potential to surpass CeFi in terms of trading volumes. “I think the more decentralized the industry becomes, the better,” Zhao said, suggesting that it may not be long before DeFi overtakes CeFi trading volumes, as it currently stands at around 5% to 10% of CeFi volumes. Binance CEO CZ Predicts DeFi to Outshine CeFi in Upcoming Bull Run How Biden's executive order on cryptocurrency may impact ...“This tech is very new, and efficiency will improve dramatically over coming years,” Sharp said. (ETH) this week has dropped to a fresh 15-month low relative to BTC amid slumping blockchain activity on Ethereum and dismal investor interest for newly listed futures-based ETFs in the U.S.

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In addition, he uses the famous 200-week moving average (200W MA, red). Which in previous cycles has been considered an indicator of the level of maximum pain for the BTC price. Read more: Israeli Web3 Community Establishes Crypto Aid Fund for Humanitarian Support How Spotting Market Inefficiencies Can Spur Successful Startups: A Case Study With Eric ChenRecent sideways Bitcoin price action mirrors past cycles heading into upcoming halvings, according to crypto analyst Miles Deutscher. BTC’s Prospects as an Inflation Hedge in the Future

The Legendary TRU Band Room Joins Forces with SpottieLand in Decentraland In a groundbreaking development, the TRU Band Room, part of the Rocking Uniquehorns (TRU) community, has forged a strategic partnership with SpottieLand, the immersive virtual environment created by Web3 musician and entrepreneur, SpottieWiFi. SpottieLand, launched earlier this year within Decentraland (DCL), is quickly becoming a hub for music and art enthusiasts in the metaverse. TRU Band Room in Decentraland Since its inception in 2021, the TRU Band Room has hosted over 700 live shows, showcasing talents from more than 20 countries, making it a vital contributor to the burgeoning metaverse music scene. The partnership with SpottieLand marks a significant move for the Band Room, which will relocate to this exciting new space. Mark your calendars for the grand reopening on October 2nd at 10pm UTC. This event promises to be a game-changer for Decentraland users, as they will get the first glimpse of the revamped TRU venue. Notably, the updated TRU venue will feature an exclusive VIP floor accessible solely to holders of Rocking Uniquehorns NFTs. TRU Band Room has always aimed to create a larger and more captivating venue for its weekly lineup of artists, including renowned resident musicians like StoneyEye, Mr.Swe, and Ash Orphan. The collaboration with SpottieLand was a natural choice given SpottieWiFi's unwavering commitment to Web3 and metaverse music. Shelley VanWitzenburg (ShelleyVan), manager and host of TRU Band Room, expressed their enthusiasm for this partnership, emphasizing SpottieWiFi's pioneering role in the metaverse music space. “The commitment SpottieWiFi has shown to growth of Web3 and metaverse music is unprecedented. He’s a true innovator and pioneer in the space, and we couldn’t be more thrilled to combine our communities to help create further growth and opportunities for independent musicians,” said Shelley VanWitzenburg (ShelleyVan), manager and host, TRU Band Room. SPOTTIE.LAND SpottieWiFi, who is already well-known among metaverse music fans, has expanded his presence in Decentraland with the opening of SpottieLabs HQ. SpottieLand is poised to become the go-to destination for music and art aficionados in DCL, having hosted Web3 music powerhouses like Allan Kingdom, Stockz, Shark Anthony, and Nessy The Rilla. This commitment to supporting emerging metaverse musicians motivated the decision to partner with TRU. “TRU has been a pillar in Decentraland for over two years now, producing hundreds of live shows and consistently creating a space where musicians and fans from all over the world can connect in a meaningful way. We share the same vision and mission, so it's an honor to welcome the TRU team and community to SpottieLand,” said SpottieWiFi. The updated TRU Band Room, developed in collaboration with Switzerland-based Software Brauerei, WJ Designs, and Songbird Collective, boasts several enhancements, including the exclusive VIP floor. This VIP area, inspired by intimate music club atmospheres in cultural hotspots like West Hollywood, CA, and New York City, can be accessed through a portal in the main performance room's loft area or via two "Band Member" entrances in the new rear parking lot. Inside the VIP lounge, TRU NFT holders can enjoy a bar, booth seating, and a large screen for live music performances. Mint a TRU NFT to gain VIP access and support a musician in the process by selecting from the dropdown menu of artists who've performed in the venue. Outside the main venue, a beer garden offers Decentraland users an opportunity for pre-show entertainment. The front of the building features dynamic elements, including a dynamic billboard, animated lighting, and a lively version of the beloved TRU mascot, Steve. Later in the year, phase two of design updates will introduce a brand-new NFT record shop and tour bus. Don't miss the grand reopening of the TRU Band Room on October 2nd at 10pm UTC, located at coordinates 100,77 in Decentraland. The event will include live interviews with TRU venue manager Shelley Van, SpottieWiFi, and The Rocking Uniquehorns co-founder UniKorn, followed by MoFyah Monday with StoneyEye. Additional event details can be found here. This exciting partnership between TRU Band Room and SpottieLand is set to reshape the metaverse music landscape, offering unprecedented opportunities for both musicians and fans. Join us in this epic journey into the virtual world of music and art! Upcoming events Keep an eye on the Decentraland Events page for the next party. Find your friends wherever they are in the metaverse by setting up your Gate on Lighthouse, the open metaverse navigation engine! Follow TRU on Twitter & InstagramThe metaverse is real: Zuck's 'incredible' photorealistic tech wows crypto twitter According to a recent development, a new whale purchased 995,604 Liquity (LQTY) altcoins from Binance at $1.45, totaling $1.45 million. What debit card can I use in Turkey?Web3 Community Launches Crypto Aid Israel During this time, it has made five attempts at breaking out (red icons), all unsuccessful. The most recent was made two weeks ago.

The global crypto market also witnessed substantial growth during the same period, with its market cap surging by 53% to reach a staggering 154 trillion won as Bitcoin prices saw a robust 81% increase, reaching $30,441 as of June, compared to the end of the previous year. The Deloitte survey found 60% of fans likely to buy a fan token if a chance for free premium seats were offered. Coinbase Stock Price and Chart - NASDAQ:COINOfficers suspect the detainees, all apparently Brazilian nationals, of “robbery” and “extortion”-related offenses. The new bridge, launched in partnership with Hong Kong-based metaverse firm The Sandbox, enables Clay Nation holders to use their Cardano-based NFTs as avatars in The Sandbox game on Polygon, while still keeping the NFTs on Cardano.

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