Is BUSD Decentralised? - cyptoranking.com

2024-05-03

Popular crypto exchanges(2023 Update) 2024-05-03
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11 Victims Fall Prey to HK$3.5 Million Binance Scam The Bitcoin mining industry witnessed a diverse range of results in September, with Marathon Digital, Riot Platforms, and CleanSpark standing out with significant production increases, bolstering their share prices and reinforcing their positions in the crypto-mining market.Bitcoin miners Marathon, Riot, CleanSpark increase BTC output in September Is BUSD Decentralised?On the same day, there was a bearish candlestick pattern (red icon), and since then, the price has been on a downward trajectory. When the market is manipulated and the price of a coin surges based on false statements, it is known as a “pump” and when the coin is sold before the price downsizes, it is termed a “dump”. However, this scheme is illegal as investors look into increasing the price of a coin and then selling their holdings before the price goes down. However, pump and dump isn’t applicable for cryptocurrency alone but is also used in stock markets.

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Gucci’s relationship with Roblox began back in 2021. While the hero handbag walking the Milan runway on Friday was the brand’s classic Jackie purse, Gucci launched a virtual Dionysus handbag in a digital sale of signature accessories back then. XRP technical analysis hints at 50% crash in 2023From a technical perspective, XRP’s recent price action has painted what appears to be a bump-and-run-eversal (BARR) pattern.BARR forms when excessive speculation drives an asset’s price higher speedily, eventually leading to a “bull trap” situation. The pattern is confirmed after the price breaks below its lead-in trendline, falling by as much as its maximum height, as illustrated below.XRP/USD three-day price chart ft. BARR pattern setup. Source: TradingViewThus, the bearish target for XRP price in this scenario is a 50% drop to $0.25 over the next few months. Related: Bitcoin bulls encircle $28K as trader says ‘big’ buyer must step inConversely, the downside outlook may become invalid if XRP price reclaims the lead-in-trendline and its 50-3D (the red wave) and 200-3D (the blue wave) exponential moving averages (EMAs) as support. XRP/USD three-day price chart. Source: TradingViewThis bullish case would put XRP’s price next upside target at its 0.236 Fib line near $0.69, up around 40% from current price levels. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. The Memecoin Effect: Bitcoin Transaction Fees Skyrocket As PEPE Steals The ShowEven then, I don’t think it’s going to be that crazy. There’s a wave of institutions out there chomping at the bit to get into our space. They’re chomping at the bit to get their customers into crypto ETFs. It’s going to proceed in a little more orderly fashion than it has in the past. But I think there will be tremendous growth. That growth will be a slower exponential, but it will be exponential. Spencer Ventures is set to acquire 144 Pudgy Penguin NFTs from the art collection of the now-defunct crypto hedge fund Three Arrows Capital.

Soon after China banned cryptos, many businesses relocated to Singapore due to its crypto-friendly regulations and industry growth opportunities. As China has cracked down on crypto activities and Hong Kong has been absorbed into the mainland’s orbit, Singapore has grown in prominence in the cryptocurrency world. Two of the biggest exchanges in the world, Coinbase and Binance, applied for licenses from the Monetary Authority of Singapore to operate there. The NFT collections on Polygon that use this standard the most and implement the crypto wallet feature are Dippi TBA, Lens Protocol Profiles and OrbSoulbound. What is Ripple (XRP)?In contrast to China, users in Europe, Turkey, and South Korea demonstrate relatively lower levels of engagement in terms of the amounts they invest. City officials claimed that 649,000 personal digital yuan wallets have been opened in Huizhou thus far.

“Criminals are using more complex cross-chain methods – such as derivatives trading and limit orders – to obfuscate their laundering activities.” As these are built based on blockchains, NFTs erase the need for any intermediaries and allow the artists to connect with audiences directly. By removing intermediaries, they effortlessly simplify transactions, creating new markets. The South African Blockchain Ecosystem|by Linum LabsSummary: Bitcoin (BTC) kept up renewed pressure on $28,000 into the Oct. 8 weekly close as geopolitical uncertainty entered traders’ radar.BTC/USD 1-hour chart. Source: TradingViewTrader: Bitcoin behavior at resistance “not the best”Data from Cointelegraph Markets Pro and TradingView showed BTC price performance avoiding downside volatility over the weekend.The pair recovered from a snap retest of $27,000 on Oct. 6, thanks to surprise United States employment data which diverged from policy tweaks by the Federal Reserve.Now, the $28,000 resistance formed the main point of interest for market participants going into the new week.In low timeframe (LTF) analysis of exchange order books, popular trader Skew said that major bidding power was still required in order to flip $28,000 to support.“So on LTF we can see clearly the market is still trading $28K as resistance. Going to require a big spot buyer to crack that area imo,” he told X (formerly Twitter) subscribers.“Perps are shorting every LTF bounce into $28K as well.”Bitcoin order book data. Source: Skew/XSkew further described Bitcoin’s reaction to both that level and the 200-day moving average (MA), currently at $28,040, as “not the best kind.”Fellow trader Daan Crypto Trades meanwhile cautioned on going short BTC should a sudden breakout occur, as this might form the start of further upside.“I will say that with BTC sitting around this big $28K level which has the Daily/Weekly 200MA sitting there, I am personally not very keen on shorting any deviations above,” part of an X post stated.“In the past, we’ve often seen a weekend breakout at these kinda spots which tend to not retrace as easily as they otherwise would.”An accompanying chart showed the closing price of last week’s CME Bitcoin futures markets, this apt to form a price “magnet” going into the new week.“Trading around the CME price is best practiced during a ranging & choppy environment,” he added. “We are still in such environment but that would likely change upon a strong break above this region. Hence me not being too eager to short immediately in case we'd see a weekend pump.”BTC/USD annotated chart with CME Bitcoin futures data. Source: Daan Crypto Trades/XAnalyst renews $30,000 BTC price forecastIn the wake of events in Israel, others meanwhile flagged geopolitical instability as a potential BTC price catalyst to come.Related: Bitcoin bull market awaits as US faces ‘bear steepener’ — Arthur HayesAmong them was Michaël van de Poppe, founder and CEO of trading firm MN Trading.“Now; market perspective it’s going to be a volatile week,” he wrote in part of X analysis. “My idea is that Bitcoin continues the upwards grind & potentially reaches $30K as worldwide uncertainty grows.”Van de Poppe had previously forecast a trip beyond the $30,000 mark in October, traditionally Bitcoin’s strongest calendar month.At just under $28,000, BTC/USD was up 3.5% month-to-date at the time of writing, per data from monitoring resource CoinGlass.BTC/USD monthly returns (screenshot). Source: CoinGlassThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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