Crypto.com to Close US Institutional Service Amid SEC's Crypto Crackdown - cyptoranking.com

2024-05-13

Popular crypto exchanges(2023 Update) 2024-05-13
Image: cyptoranking.com

According to the CEO of CryptoJungle, Ben Samocha, the group’s aim is to provide immediate aid: Innovation within the bitcoin ecosystem is a positive and necessary force. It’s something that the community should actively foster through careful and constructive discussions and debates. We cannot advocate for adoption while simultaneously closing ourselves off to fresh solutions. Nevertheless, it is vital to maintain a critical perspective when considering the potential long-term impacts of any changes on the network, all while staying grounded in the realities of the current state of the network. Crypto.com to Close US Institutional Service Amid SEC's Crypto CrackdownBusinesses, scientists, and educators from the AI Expert Committee at the Ministry of Digital Transformation all contributed to the roadmap. The government hopes to finalize the draft when the European Union passes its AI Act, which is still in the drafting stage. A DeFi protocol that once attracted $22 million in total value locked (TVL) and boasted some of the industry’s top venture capital backers is shutting down operations.

Exchange Rankings Crypto
Image: cyptoranking.com

Source: ETHUSD on TradingView.com Stablecoin issuer Circle launched USDC on the Base network last month to bolster USD Coin’s functionality by making it a native asset on more blockchains. The strategy alleviates the need for bridging via Ether tokens. Can I buy and sell bitcoin on eToro?The film, a social satire formerly titled “Calladita” from the Spanish filmmaker Miguel Faus, sold its world sales rights to the Ibero-American entertainment firm FilmSharks out of Iberseries, the industry conference held this week in Madrid. Deadline first reported the deal. StaFi’s integration of Chainlink CCIP has opened the door to cross-chain asset rate synchronization. This innovative move enables the transmission of staking rates from Ethereum to Arbitrum and Polygon, creating a synchronized and harmonious environment for stakers.

Digital asset investment products have continued to see significant inflows last week, reaching the highest volume levels since July 2023, according to a new report. XRP (XRP) price is down today, mirroring declines witnessed elsewhere in the cryptocurrency market.On Oct. 10, XRP’s price dropped nearly 1.5% to $0.50, bringing its week-to-date returns to -4.5%. The token’s sell-off in the week mirrored bearish sentiments across the top-ranking crypto assets, with Bitcoin (BTC) and Ether (ETH) down 1.8% and 3.5%, respectively.XRP/USD vs. BTC/USD and ETH/USD daily price performance chart. Source: TradingViewLet’s take a close look at the catalysts moving XRP’s price lower today.XRP drops amid Israel-Palestine conflictCrypto traders have ditched most top cryptocurrencies in the face of an escalating Israel-Palestine conflict. XRP is no different.For instance, the crypto market’s total capitalization has dropped by over $32 billion since Hamas attacked Israel over the weekend. On the other hand, demand for traditional safe havens like U.S. Treasurys and gold has jumped. Crypto market vs. US 10-year Treasury and gold daily performance chart. Source: TradingViewCryptocurrencies’ immediate reaction to geopolitical conflicts has been mostly negative in the past. For instance, the crypto market’s valuation dropped over 11% when the Russia-Ukraine conflict broke out on Feb. 24, 2022. The market pared most of these losses shortly after. Big XRP inflows to crypto exchangesXRP’s decline this week further coincides with massive token transfers over the weekend and at the week’s beginning.On Oct. 9, an address associated with Ripple moved 60 million XRP worth about $30 million to an unknown wallet, data resource Whale Alert updated. Another wallet transferred over $15 million to the Bitstamp crypto exchange. 30,300,000 #XRP (15,214,882 USD) transferred from unknown wallet to #Bitstamphttps://t.co/TgqGDcIt2y— Whale Alert (@whale_alert) October 9, 2023 Can I buy stock at Bursa Malaysia?Although the broader crypto market experienced some uplift, NFT sales didn’t mirror this positive trend. Week after week for the past seven weeks, NFT sales volumes have been plunging. The smart contract is not just meant to build trust, but it also increases the visibility of the supply chain. This will let the industry focus more of its energy on the crucial steps of the process.

While at first $20 million seems like a staggering amount to lose in a week, looking at the percentage loss of under 5% makes it more reasonable — and examining the contents of this portfolio such a loss seems unexpectedly low. Buterin’s portfolio is almost completely comprised of Ethereum, which makes up over $391 million of his assets, with the rest being minor quantities of various tokens. Meta CEO Mark Zuckerberg and AI researcher Lex Fridman today showed off what Meta’s metaverse tech can really do, using ultra-realistic "codec avatars" developed by the company’s Reality Labs. Tether launches on Cosmos Ecosystem via OKX Chain-Cryptopolitan— Volcano Energy (@Volcano_Energy) October 3, 2023 Now, an old crypto scheme has been given a new name, costing traders and holders millions in investments. The culprit? The so-called “pig butchering.”

Have an opinion on this story? Share it!