What Is Cryptocurrency Trading? - cyptoranking.com

2024-05-12

Popular crypto exchanges(2023 Update) 2024-05-12
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ETH/USD 4-Hour Chart (Source: TradingView) FTX, which had once been valued at $32 billion, declared bankruptcy on Nov. 11. That same day, employees at FTX began noticing massive withdrawals of funds from the exchange’s wallets. What Is Cryptocurrency Trading?After reaching an all-time high in daily transactions in September, the number of transactions on the Bitcoin network has experienced a sharp drop, revisiting levels not observed since hype took off surrounding Ordinals that can serve as either individual NFTs or fungible BRC-20 tokens. The industry has not yet been able to persuade a “meaningful percentage” of new participants to “use crypto tech to engage with crypto,” Warwick observes.

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Shiba Inu, which reached a market value of nearly $7 billion with the Shibarium launch, experienced a value loss of almost 40% after breaking its all-time high in recent times. After the period when whales made significant purchases, investors continue to exit due to the troubled process in Shibarium, accepting the loss. Platform co-founder Charles Wayn told Cointelegraph in a written response that Galxe is working with two security firms to track down the hacked funds. In addition, it has improved its domain name service security settings, changed its domain provider and is conducting security audits. Wayn said: Simplex|Simplex is the fiat/crypto pioneerWyatt 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.” Source: metacene.ioMetaCene, the next-generation blockchain MMORPG, is a highly-anticipated game that has been built in China for nearly 2 years and $5 million - and it may soon come out.According to the team behind the game, MetaCene is building a "homeland for mass players." It will take users into a post-apocalyptic society where survivors interact with six primary in-game non-fungible token (NFT) types to "redefine civilizations." It pioneers player-centric entertainment, governance, and creation through its technology infrastructures, social guild decentralized autonomous organization (DAO) governance, and in-game editors, it said.The team added that,"Capturing the true essence of Web3, we transcend the ordinary by seamlessly combining the AAA aspirations of Web2 gaming with the revolutionary technologies of AI and blockchain." Per the roadmap, the team plans to conduct the second alpha test and launch the mainnet blockchain in Q3 this year.In Q4, they expect to launch the commercial version 1.0, followed by version 2.0 in 2024.Bloomberg argued that investors and crypto game makers are looking for a way to build a game "that doesn’t look like a vessel for sketchy financial speculation." According to creator Alan Tan,"The notion was that gamefi players were in it just for the money but not for the fun. But that was just because developers opted to focus on the ‘fi’ but not the ‘game’."Per Blomberg, MetaCene "has a long way to go, but the early reception shows that a solid game with a crypto element is better than a crypto economy with a game attached to it."Taking Transaction Cut, Planning to Raise MillionsMetaCene was founded in October 2021 by gaming veterans, with more than two decades of industry experience from Shanda Games, Blizzard, Perfect World, and others. The team, led by Alan Tan, includes Cary Chen, Lion Cheung, Owen Fung, and Last Chan.In August, MetaCene announced its alpha test as a limited-time event to allow players to explore three main areas of the game's world, meet each other, form guilds, complete quests, and earn rewards. Of the 2,961 players, some 90% engaged in Player vs Player (PVP) combat, the team said after the test was concluded. Players collectively played 461,916 minutes, made USDT 6,166 in transactions, and created 1,225 new addresses."It’s free-to-play, and some elements will feel like cash grabs," Bloomberg said. Also, the company will take a cut of each crypto transaction between players. It plans to raise an additional $8 million from venture capitalists to support development.The company is currently looking for game ambassadors.In August, the team announced the launch of its interactive user engagement system, the Metropolis Sentry, allowing players to complete tasks and collect rewards, including in-game equipment and NFTs that can be redeemed in the official game version. Currency is earned via crystal mining and can be done without players' active participation. ____Learn more:- NFL and Mythical Games Unveil NFL Rivals: The First Web3-Powered NFL Game- FarmVille Creator Zynga Introduces Ethereum NFT Game 'Sugartown'Adidas Unveils NFT Artist Residency with Plans for Physical Collaborations

The rest was history… Several factors have played a role in this price decline. Ethereum’s co-founder, Vitalik Buterin, notably conducted significant sell-offs of his holdings. Additionally, the Ethereum Foundation (0x9e…313d) executed a sale of 1.7k ETH on Uniswap at 16:18 (UTC+8). It resulted in 2.738 million USDC. The address now retains 240.68 ETH, 3.238 million USDC, 49,700 DAI, and 10,000 ARB, totaling assets worth $3.687 million. Crypto Trading: Trade Cryptocurrency CFDsA High-Profile Trial Our September #bitcoin mining update is live! $CLSK's BTC production for FY2023 was up 84% compared to FY2022. In that same timeframe, our hashrate increased 131%.*Monthly production ending 9/30/23: 643*Total #BTC holdings: 2,240*Deployed fleet: 88,954*Month-end fleet… pic.twitter.com/6JjygtVU8Q

The Block: What's your read on everything we've seen over these past few months? Volatility is your friend The 10 Best Cryptocurrency Apps for BeginnersApart from being decentralized, DLT has several features that help it stand apart from other centralized ledger systems. Here are some: Nearly all of the trading volume from Mythos Chain is coming from DMarket, an NFT marketplace that hosts NFTs from a list of games affiliated with Mythical Games, the firm behind the Mythos Chain.

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