Cryptocurrencies Price Prediction: Bitcoin, Binance Coin & Cardano - Asian Wrap 26 May - cyptoranking.com

2024-05-12

Popular crypto exchanges(2023 Update) 2024-05-12
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On Tuesday, Binance announced the delisting of XRP/BUSD liquidity pools and 11 other select trading pairs slated for October 17. This is part of its ongoing strategy to discontinue the BUSD stablecoin offering and expand support for the replacement XRP/FDUSD pool. OpenSea data shows that a wallet, 0xe1a0, purchased the CrypToadz #4030 NFT for 1,055 WETH (around $1.4 million) on Oct. 9. The deal came to the community’s attention because the average price of that particular NFT remained around 0.95 ETH. But 0xe1a0 paid over 1,000 times more than the average price. Cryptocurrencies Price Prediction: Bitcoin, Binance Coin & Cardano - Asian Wrap 26 MayAlso, the upcoming Bitcoin halving brings hope for the new bull market and the fresh VC funding to enter the crypto space.The red flags of Axos, which banked CZ, Scott Purcell, and Alex Jones Traditional Crypto Exchanges: These platforms facilitate the trading of digital assets based on daily market updates. Traditional exchanges often charge a transaction fee. While some exchanges deal only in cryptocurrency, others enable users to trade fiat currencies, like the USD, for cryptocurrencies like Bitcoin (BTC). Within this category, there are two types of exchanges, namely centralized and decentralized.

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As Ripple appears to gain momentum on the legal front, speculation is rife regarding the SEC's potential actions. Some experts believe that the SEC might consider dropping the case against Ripple. Table of contentsWhat is Decentralized Application (dApps)?How are Decentralized Applications different from software applications? Scope of DAppsDApps are used to Some industries that employ dApps areAdvantages and Disadvantages of dAppsPros:Cons:Top 5 Most Popular dApps Available Now1. UNISWAP2. PANCAKE SWAP3. AAVE4. OPENSEA5. RARIBLEThe Future of Decentralized Applications or dApps $66.4M Seized In LA Virtual Currency Investment ScamsValkyrie’s different approach — by amending the investment strategy of an existing fund — had put its potential effective date ahead of other proposed issuers. As of September 19, 2023, the combined market capitalization of the top 10 video game companies was a staggering $3,219.6 billion, overshadowing the total market cap of the top 10 gaming tokens at $4.8 billion. This highlights the financial clout of established gaming giants in the blockchain gaming industry.

Roundhill Investments requested to withdraw its application for such a fund in a Sept. 29 filing to the SEC. Blockchain platforms enable users and developers to build new and original uses on top of existing blockchain infrastructure. Examples of blockchain platforms are Ethereum, Hyperledger Fabric, Bitcoin, Tezos, and Ripple. (PDF) Comparative analysis of cryptocurrency wallets vs ...The decentralized nature of blockchain web hosting, coupled with cryptographic applications and blockchain-authenticated transactions, offers heightened security, significantly minimizing the risk of privacy breaches and ensuring an accurate and inviolable database. Even the court’s decision regarding Grayscale at the end of August, which mandates the SEC to reevaluate Grayscale’s proposal and is thought to boost the chances of a BTC ETF spot approval, has failed to lead to notable price shifts.

We now have ether futures ETFs. So it's progress, no doubt. Having ether futures ETFs is better than not having ether futures ETFs, in my view. You've got people wanting to understand 'okay, how does this ether futures market work? How long has it been going? How liquid is it?' All the basic things, and that could only be a good thing, as more of the financial investment community learns about the crypto ecosystem. August data shows a decrease in core PCE inflation to 3.9% / Photo by Alexander Grey on UnsplashAccording to data released today by the U.S. Burea of Economic Analysis (BEA), the Federal Reserve's preferred metric for inflation, known as the core personal-consumption expenditures (PCE) price index, showed a decrease in August. The PCE report was released amid growing concerns about inflationary pressures that could prompt the Federal Reserve to adjust interest rates.The core PCE inflation index rose by 3.9% year-over-year in August, a decrease from the revised 4.3% in July, as forecasted by economists. Monthly, the core PCE deflator increased by 0.1%, falling short of the anticipated 0.2% and down from July’s 0.2% increase.PCE Inflation Metrics and Market ReactionThe year-over-year increase in the PCE stands below 4% for the first time since September 2021. This decline has been viewed as a positive development by investors who were already in buying mode this morning prior to the release of the inflation data. Dow Jones Industrial Average futures rose by 200 points, or 0.6%, a 30-point jump from levels before the inflation data was publicized.Core CPE IndexOn the other hand, the market has been jittery for over a week following the Federal Reserve's latest monetary policy announcement on September 20. Although the central bank decided to hold interest rates steady, it hinted at the possibility of rate hikes to control inflation, leading to a decline in stock prices and a surge in bond yields. The yield on the 10-year Treasury note rose to more than 4.6%, the highest level since 2007.Tom Essaye, the founder of Sevens Report Research, commented on the issue to Barron's. "Powell referred to recent inflation reports as 'good' at last week’s press conference but he said more were needed before the Fed can fully admit it’s pausing rate hikes," he said.The decline in core PCE could serve as another 'good' report that might ease some of the Federal Reserve-induced market anxiety.The Impact of Essential Needs on August's Inflation NumbersIn August, inflation rose by 0.4% as indicated by the PCE price index, based on the report.While a 0.4% uptick in consumer spending can be considered positive for the U.S. economy, the nature of the spending this time is worth noting. Americans allocated more funds to essential needs like gas, housing, utilities, and medical care rather than discretionary items such as dining out, high-end clothing, and vacations.Personal Income and Outlays / BEA September 2023 ReportHeadline PCE, which includes volatile components like food and energy prices, reported a 3.5% increase year-over-year—its highest level since May. Energy prices, in particular, surged by 6.1% from July, making it the largest contributor to the rise in PCE. The price of West Texas Intermediate crude oil, the benchmark for the U.S. market, reached its highest level in over a year, indicating that inflationary pressures may persist.While the dip in August's core PCE inflation may offer a momentary respite, it doesn't provide a definitive answer to the Federal Reserve's future course of action. With energy prices on the rise and lingering concerns about inflation, the central bank faces a complex set of variables as it considers potential interest rate adjustments.FTX Bankruptcy Claims Skyrocket as Company Recovers $7.3 Billion in Assets Bitcoin Brokers-Top Cryptocurrency Brokers Reviewed“As the war broke out, Hamas launched a fundraising campaign on social networks, asking the public to deposit crypto coins into its account. The cyber and foreign exchange unit worked immediately to locate and freeze the accounts, assisted by the Binance crypto exchange,” a police spokesperson said. — Satlantis (@PlaySatlantis) September 24, 2023

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