An expanding BRC-20 exchange fuels DeFi boom on Bitcoin - cyptoranking.com

2024-05-06

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On the Lightspeed podcast (Spotify/Apple), Warwick explains that during the past crypto boom, the “safe place” for the novice was — at least in theory — a centralized exchange like Binance or Coinbase. These users wouldn’t have to worry about losing their private keys or getting “rugged” by unknowingly signing a malicious transaction on a non-custodial wallet. Is CBDC Cryptocurrency? An expanding BRC-20 exchange fuels DeFi boom on BitcoinRegulatory Clarity: The lawsuit may result in increased regulatory clarity for the sector. A court ruling or settlement could compel regulators to establish clear guidelines for the classification and sale of digital assets, so providing firms with a more predictable legal environment. Wyatt suggests blockchain will likely best fit in games where money doesn’t influence outcomes, but enhances the ecosystem itself. “Where you actually are leveraging these UGC ecosystems and digital ownership is where the beauty is.”

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Charity Donations Paul Lei, protocol program lead at Gauntlet, crypto risk management provider for Uniswap,, over the past year, said that asset liquidity has generally weakened across chains, particularly for “tail assets.” Can Ethereum reach $100K?Motorcycle legend Valentino Rossi also made a comment on the matter: Blockchain gaming is in its early stages and faces the challenge of finding a “killer” product for mass adoption. Tangible rewards for players, market expansion beyond blockchain enthusiasts, and navigating evolving regulations will shape the future of this burgeoning industry.

As depicted below, the bearish traders have placed active orders to sell 2.5 trillion SHIB within the 10% boundaries of the current Shiba Inu prices. This is considerably higher than the corresponding 2.14 trillion SHIB purchase orders. “The first iteration of web3 games had an unsustainable model,” Migliero said via an email. “They required assets that widely fluctuated in price to access the core game. Their economies generated over inflated token supplies, and the tokens didn’t have enough utility sinks. This resulted in a user base seeking largely to profit instead of having fun. They also delivered simple, shallow gaming experiences.” MoonPay: Buy and sell Bitcoin, Ethereum, and other cryptosSource: PixabayAs per blockchain intelligence firm Arkham, $77.35 million in assets have flown through Tornado Cash’s contracts on Ethereum mainnet in the past 30 days. Despite being sanctioned by the US Treasury Department in August 2022, Tornado Cash remains the largest crypto mixed on Ethereum network.The US authorities argued that Tornado Cash was used by North Korean hacker group Lazarus Group to launder millions of dollars in crypto. Tornado Cash developers Roman Storm and Roman Semenov currently face allegations of money laundering and sanctions violations.Tornado Cash’s Assets Drop by Over 60% Since SanctionsArkham reported that Tornado Cash’s assets have dropped by over 60% and transfer volume declined significantly after it was sanctioned by the US regulators in August last year.However, both total value locked (TVL) and transfer volume recovered somewhat later.Current TVL of Tornado stands at $118.3K ETH worth $187.9 million. Tornado Cash operates on 7 different chains, and obfuscates transfers of 10 different cryptocurrencies. The most mixed asset on the platform is native ETH on Ethereum Mainnet. At its peak in July 2021, Tornado Cash held over $700M of ETH in its pool contracts.Hackers Continues to Utilize Tornado Cash for Money LaunderingTornado Cash has been used by the Lazarus Group, associated with the DPRK, to launder currency stolen from Sky Mavis’s Ronin Bridge.Hackers use Tornado Cash as a way to legitimize their source of funds by removing connections to a hacked wallet or illicit crypto activity, making it a target of authorities around the world.As reported by Arkham, almost all of the top multi million dollar crypto hacks have utilized Tornado Cash to launder the proceeds.Earlier, Coinbase-backed lawsuit against US Treasury Department sought to overturn the ban on the crypto mixer claiming it is in violation of free speech as Tornado Cash is an open-source software. However, the court ruled in favor of the United States Department of the Treasury.Koy Network Increases Reach Across The Continent 6. Berlin, Germany

In particular, XRP critic Alter Diego voiced apprehensions about Ripple’s minimal sale of the substantial portion of its monthly allotment of escrowed XRP, despite obtaining regulatory clarity. In response, members of the “XRP Army” online community put forth contrasting perspectives concerning Ripple’s XRP sale from escrow. Read more: Crypto Hedge Funds: What Are They and How Do They Work? J.P. Morgan Wallet: real-time virtual sub-ledgersLucky Star Currency office, Shenzhen, China. Source: Certik, Telegram Retail investing community Wall Street Meme’s newly launched $WSM meme coin is in blast-off mode, up 3x since presale.In 24-hour trading volume, Wall Street Memes token is bigger than top meme coins Pepe and Shiba Inu.The token is up 56% at the start of the weekend at $0.071 for a market capitalization of $142 million.Early presale buyers are sitting on gains of nearly 3x after a 183% price surge, with the price set to kill a zero to reach $0.10, possibly in the next few hours. Those who bought when $SWM launched Tuesday on centralized exchanges such as OKX are sitting on a return of more than 100%.$WSM reached an all-time high to date of $0.089 at 7am UTC.$WSM is consistently trending in the top gainers on DEXTols and also on Coinmarketcap.Major Wall Street Memes product release coming in OctoberThe rapid price charge comes after Wall Street Memes teased the launch of its first product and a token buyback program that is set to launch in October via a post on X (formerly Twitter).Wall Street Memes is already backed by a 1.1 million strong social community that grew out of the meme stocks movement. Its mission to democratize finance and take on Wall Street is finding an eager following in the crypto space.Also, the project is being helped by the fact that Elon Musk has interacted with its X (formerly Twitter) account. There are even rumors that Musk may be one of the whale buyers of $WSM.Add to that the fact that $WSM has staking utility out of the box, unlike many throwaway meme coins that have no utility features.Buying interest is being further incentivized by the news that the team will be launching at least one major product in October and undertaking a burn program. There were murmurs about product launches during the presale, but it is now official.A product(s) linked to the $WSM token would boost its utility, potentially also boosting its demand, while a buyback program would decrease the $WSM token supply over time, increasing its scarcity and the value of remaining tokens.Visit Wall Street Memes HereTrading volume beats Shiba Inu and Pepe – more top exchange listings coming in 3 daysWall Street Memes has ratcheted up 24-hour trading volume of $79 million, currently beating Siba Inu on $74 million and Pepe on $70 million.As the market pulls in more traders, other big exchanges in addition to the likes of OKX and Huobi will be taking note.Prior to its first listing, there were rumors of a Binance launch. After $WSM’s explosive start to trading, that possibility is looking more and more like a near-term racing certainty.$WSM is trending as the top meme coin on OKX and a Binance listing could soon see it establishing itself permanently as one of the top dogs in the meme coin world.According to the countdown on the website, the next top-tier exchange listing is due in three days.Wall Street Memes $1 billion valuation could be a conservative forecastIn other words, the team’s avowed aim of attaining a $1 billion valuation could actually be a conservative goal.When Pepe launched on Binance it rocketed 2,000%. But, as mentioned, $WSM has utility that coins like Doge and Pepe lack. Even Shiba Inu, which has returned 26,000% for some early investors, has struggled to add a utility layer, as seen in its stuttering Shibarium launch.In addition to OKX and Huobi, MEXC, BitMart, LBank and Coinex have also listed $WSM, less than a week since launch.The more exchanges $WSM is available on, the easier it is for retail investors to buy the token, creating a bullish virtuous circle for the price.Regarding $WSM’s yield-bearing utility, 540 million token are staked, earning an annual percentage yield of 37%. So as well as capital appreciation, owners of the $WSM token can lock in a passive income stream, making the token doubly attractive.Traders should also note that Wall Street Memes is currently conducting a generous $50,000 airdrop competition, which can be entered on Gleam.As news about Wall Street Memes spreads like wildfire across the crypto space, it might not be too long before Elon Musk tweets about it. Either way, with a mystery major product launch coming soon, $WSM is the latest buzz coin in crypto.In market cap terms, Wall Street Meme is the 7th-largest meme coin.Buy $WSM on OKX HereAdd Meme Kombat and Bitcoin Minetrix to your portfolio for more $WSM-like gains Opportunities like Wall Street Memes don’t come around that often, but it could be that there is a purple patch of hot coins that could also be set for stellar launches.Meme Kombat ($MK) is one, on sale now for $1.667. This meme character battling platform, brings together memes in combat, allowing players to bet on the outcome. There really is nothing like it anywhere else in crypto, and it is in presale now. The project has raised $147,000, with an initial target of $1 million. You can buy Meme Kombat token today with ETH, BNB or USDT.Another promising project with a genuinely unique use case is Bitcoin Minetrix. It offers the world’s truly decentralized cloud mining. Simply stake the $BTCMTX token and earn credit, which can then be used to mine Bitcoin. No cash changes hands and everything is automated through smart contracts. Bitcoin Minetrix kills the scammers stone dead and is way more efficient route into mining for retail investors. $BTCMTX is priced at $0.011, and the project has raised nearly a quarter of a million dollars in days, so there’s no time to lose to invest in one of the most innovative projects in crypto right now.Visit Meme KombatVisit Bitcoin MinetrixDisclaimer: Cryptocurrency projects endorsed in this article are not the financial advice of the publishing author or publication – cryptocurrencies are highly volatile investments with considerable risk. Always do your own research. You may lose all of your capital.Wall Street Memes Surges 30% on Dextools After Stellar Launch While Latest Meme Coin Presale May Surprise You

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