This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.
Topics - CryptoCurrencyTradings
16
« on: April 20, 2023, 02:18:18 PM »
Visit – https://telegram.me/freebitmexsignals
(#15% Profit on #ETH/USDT) (#40% Profit on #BTC/USDT) (#50%) Profit on #MINA/USDT) (#78%) Profit on #ZIL/USDT) (#68%) Profit on #WOO/USDT) (#23%) Profit on #NEAR/USDT) (#290%) Profit on #CELR/USDT) (#151%) Profit on #INJ/USDT) (#125) Profit on #WOO/USDT) (222% Profit on #HOOK/USDT) – Our premium Bitmex, Bybit, and Binance futures auto Trade Copier cum BOT copies all signals to your account using the cornix Bot. In 2023, our crypto signals service will be the biggest on Telegram. Our Trade Copier’s superior AI and integrated approach for maximum gains have allowed it to consistently trade in the right direction over the previous few months. It stands out since the BOT copies all signals, eliminating the need for human interaction and only producing a big profit.
Explorer banks have settled with the U.S. government over procurement.
In Brief
The ApeCoin community voted to donate $1 million to aid the development of Ethereum.
The proposal stemmed from a tweet made by Vitalik Buterin, which the ApeCoin community used to title the proposal.
ApeCoin community members have also voted to fund an around-the-clock ApeCoin news website.
Bored Ape Yacht Club-associated token ApeCoin has donated $1 million to the development of Ethereum. The community voted in a proposal to confirm the donation.
The ApeCoin community has voted to donate $1 million to aid the development of Ethereum, a voting proposal shows. AIP-230, the proposal, was titled, “I don’t hate apes, I just want them to fund public goods!” referencing a tweet made by Vitalik Buterin.
46.21% of voters were in favor of the proposal, 29.96% were against it, and 23.84% decided to abstain.
The proposal aimed to achieve several goals, including giving back to the Ethereum community, furthering development work around account abstraction, and introducing developers to ApeCoin. To achieve these goals, the community plan to donate $300,000 to ETHGlobal. The remaining $700,000 will be used to fund 11 ApeCoin hackathons and at least five public good initiatives.
Maariab, the author of the proposal, stated that the community would select the judges for the hackathons. As for the motivation, they said that it was important to support Ethereum:
“ApeCoin would not be possible without Ethereum. As a public good, Ethereum benefits from shared responsibility and collective appreciation, and the ApeCoin community should make a concerted effort to directly support this ecosystem.”
Account Abstraction on the Agenda
Buterin’s tweet on March 22 was the impetus for the proposal. Additionally, a few months later, the Ethereum co-founder made a statement about protocol-level account abstraction. Specifically, he suggested that we would already be in a ‘wallet security utopia’ if we had put a ‘fifth’ of the work into this area.
As such, $50,000 in prizes from the $700,000 apportioned towards hackathons and public good initiatives will be used for account abstraction and initiatives related to NFTs, DAOs, and zk scaling. An Ethereum proposal, called EIP-4337, relating to account abstraction, is already in the works.
Happenings in ApeCoin Ecosystem
There have been other votes taking place in the ApeCoin community. This includes voting to establish an around-the-clock news website dedicated to the Bored Ape Yacht Club called the Bored Ape Gazette. ApeCoin staking has also gone live, adding utility to the token.
Other votes include voting on an ApeCoin DAO NFT marketplace. The token and its community continue to have major clout in the NFT space. It is possible that more votes may take place in the near future.
17
« on: April 16, 2023, 02:59:41 PM »
Visit – https://telegram.me/freebitmexsignals
(#39% Profit on #ADA/USDT) (#200% Profit on #ID/USDT) (#81%) Profit on #BEL/USDT) (#34%) Profit on #ETH/USDT) (#26%) Profit on #BTC/USDT) (#191%) Profit on #WOO/USDT) (#36%) Profit on #FOOTBALL/USDT) - All of the free and paid signals in We provide the highest-quality Bitmex, Bybit, and Binance futures auto Trade Copier cum BOT, which copied all signals onto your account via cornix Bot. We are the largest crypto signals service on Telegram in 2023. Our Trade Copier has traded in the right direction consistently over the past few months thanks to its excellent AI and built-in strategy for maximum gains. What makes it stand out is that all signals are copied by the BOT, reducing the need for human intervention and simply yielding a large profit.
The Bitcoin difficulty-adjusted puell multiple has been below one recently, here’s why this may suggest that the BTC miners are still under pressure.
Bitcoin Difficulty Adjusted Puell Multiple Is Yet To Break Above 1
According to a researcher at the on-chain analytics firm Glassnode, miners are still earning around 12% less than the average for the past year. The indicator of interest here is the “puell multiple,” which measures the ratio between the daily Bitcoin miner revenue (in USD) and 365-day moving average (MA) of the same.
When the value of this metric is greater than one, it means the miners are currently making more than their average for the past year. During such periods, miners generally find mining to be profitable.
On the other hand, values below this threshold imply the miner revenues are below the yearly average, possibly suggesting that this cohort may be coming under pressure.
There is an issue with the puell multiple, however, and it’s that it only depends on the price of the cryptocurrency. The metric does not take into consideration another important factor for the miners: the mining difficulty.
The mining difficulty is a built-in feature of the Bitcoin blockchain that decides how hard miners would currently find it to mine blocks on the network. This concept exists because the BTC blockchain aims to keep the block production rate (or more simply, the rate at which miners handle transactions) at a constant value.
When the network hashrate (a measure of the total computing power connected to the chain) goes up, miners are able to hash blocks faster. But as the chain doesn’t wish for this to happen, it increases the difficulty to slow down miners just enough to get them back to the desired pace.
Because of the difficulty’s existence, revenues for individual miners shrink whenever the hashrate goes up. This is due to the fact that the block rewards always remain the same (except for during halving events, where they are halved), meaning that if more miners connect to the network, the individual shares of everyone involved become smaller.
The “difficulty-adjusted puell multiple” is a modified version of the indicator that provides a more realistic representation of the situation of the miners, as it accounts for the mining difficulty.
Here is a chart that displays the trend in this metric over the last several years:
As shown in the above graph, the Bitcoin puell multiple crossed above the one mark earlier in the year when the ongoing rally in the asset’s price started. Currently, this indicator has a value of 1.2, suggesting that miners as a whole are making notably more than the yearly average.
The difficulty-adjusted version of the metric, however, is still below one and has been for the entire bear market, despite the price observing a significant surge recently.
At the current level of 0.88, miners are making 12% less than the yearly average, implying that they may still be under some pressure right now, although not as severe as during the bear market lows.
18
« on: April 14, 2023, 03:22:53 PM »
Visit – https://telegram.me/freebitmexsignals
(#65% Profit on #BCH/USDT) (#132% Profit on #ID/USDT) (#25% Profit on #LTC/USDT) (#25% Profit on #BAL/USDT) (#31% Profit on #ARPA/USDT) (#28% Profit on #KAVA//USDT) (#36% Profit on #FOOTBALL/USDT) (#32% Profit on #LINK/USDT) - ALL FREE & Paid signals share in our Telegram group went in good profit. We are Largest Crypto Signals services on Telegram in 2023 provide best high quality Bitmex, Bybit, Binance futures auto Trade Copier cum BOT which copied all signals on your account via cornix Bot. Our Trade Copier has made consistent profit in past few months has traded in the right direction as it has excellent AI & inbuilt strategy to produce maximum gains & What unique is all the signals are copied by the BOT which reduces human efforts and simply results in great profit
When it comes to Web3, a new study suggests a free-to-play mobile game has incredible potential in the burgeoning Japanese market.
Gamers in Asia are predicted to make up the vast majority of the Web3 gaming market, according to a DappRadar study conducted in conjunction with Japanese crypto firm Pacific Meta.
The study found that Asia already has 55% of the global gaming population with 1.7 billion players—and will likely make up 80% of all Web3 gamers. That’s a staggering figure, especially considering the restrictions some nations in the region have already placed on gaming. In China, gamers under 18 are only allowed to play for one hour a day. And in South Korea, blockchain games have been heavily scrutinized and virtually banned entirely.
Despite the legal restrictions, however, DappRadar’s report argues that Asia-based video game publisher Nexon’s Web3 play with MapleStory Universe and Square Enix’s upcoming Web3 game Symbiogenesis are two examples that suggest crypto games gaining traction in the East. Both will also use Polygon, which the study claims is currently the most-preferred network for Web3 gaming from a game studio standpoint.
DappRadar and Pacific Meta’s study also concluded that the Asian market prefers the roleplay game genre the most—think games like Final Fantasy, Phantasy Star Online, or Genshin Impact.
The Asian market’s interest in Web3 gaming is substantial. At the Game Developer’s Conference (GDC) in San Francisco last month, Korean game publisher WeMade had one of the largest booths. An onsite rep told Decrypt that WeMade plans to release its games within Korea without Web3 elements, and will then release them globally at a later date with NFTs and Web3 integrations through its WeMix platform.
Sky Mavis Cofounder Trung Nguyen previously told Decrypt at GDC that he believes Web3 gaming is a “natural” fit for the Asian market because of the types of games the market is accustomed to.
“They find it very natural to get into Web3 gaming because in the early days of Web3 gaming, it’s all about rolling, gatcha, having the best characters that you can find, and then [trading] it on the market,” Nguyen said.
But as Web3 games become more focused on gameplay over financials, Nguyen believes that western and eastern audiences will come to expect similar experiences.
As a part of its Web3 gaming study, Pacific Meta surveyed over 1,000 adults in Japan and found that 40% knew about blockchain games. Among those who knew about such games, nearly 57% said Web3 games “seem interesting,” while roughly 10% said they did not seem interesting.
Notably, about 33% said “neither,” suggesting they were perhaps unsure about Web3 games and hadn’t yet formed an opinion on them.
When asked about the types of blockchain games they’d be interested in, 773 out of the 1,030 surveyed said that they’d like a game to be free-to-play—and that initial cost was an important feature to them. 538 said that they’d like the game to be playable on a mobile phone. Player earnings, game quality, consoles, and famous IP scored lower on the list.
What did the respondents care about the least? Whether the game “has unique use of blockchain.”
This finding appears to support the prevailing sentiment that also exists among many Web3 game developers: That Web3 games can’t focus on their crypto elements first and foremost. Instead—at least in Japan—the platform and initial cost may be the most important factors for gamers.
Regardless, this nascent industry still has a ways to go before it sees mainstream adoption—even as big brands like Razer and FIFA double down on Web3 gaming projects.
19
« on: April 12, 2023, 03:06:31 PM »
Visit – https://telegram.me/freebitmexsignals
(#36% Profit on #FOOTBALL/USDT) (#32% Profit on #LINK/USDT) (#80% Profit on #BCH/USDT) (#30% Profit on #XRP/USDT) (#40% Profit on #LEVER/USDT) (#50% Profit on #INJ//USDT) (#45% Profit on #BEL/USDT) (#45% Profit on #UNFI/USDT) - ALL FREE & Paid signals share in our Telegram group went in good profit. We are Largest Crypto Signals services on Telegram in 2023 provide best high quality Bitmex, Bybit, Binance futures auto Trade Copier cum BOT which copied all signals on your account via cornix Bot. Our Trade Copier has made consistent profit in past few months has traded in the right direction as it has excellent AI & inbuilt strategy to produce maximum gains & What unique is all the signals are copied by the BOT which reduces human efforts and simply results in great profit
In Brief
ZA Bank will become a fiat onramp for crypto.
It will deal with locally licensed exchanges.
Hong Kong is aiming to become a fully regulated crypto city.
The biggest online bank in Hong Kong is taking a giant leap into the crypto sector. It plans to become the bridge between digital assets and fiat currencies.
On April 12, it was reported that ZA Bank was entering the crypto market. The largest virtual bank in Hong Kong will be offering transfers and conversions from crypto and fiat currencies.
The digital bank launched in 2020 will also provide account services for Hong Kong’s rapidly expanding crypto sector.
According to CEO Ronald Iu, ZA Bank will offer token-to-fiat currency conversions over licensed exchanges. He added that the bank will act as a “settlement bank for clients to allow withdrawals in Hong Kong, China, and US currencies after they deposit crypto tokens with exchanges.”
Banking Services For Crypto Clients
Furthermore, the only two currently licensed digital asset exchanges in Hong Kong, HashKey and OSL, will be cooperating with ZA Bank. Iu commented:
“For the dozen of interested firms, big or small, from abroad and local, top of their concern is to have a path to make things work,”
ZA Bank is offering online accounts for local crypto and Web3 startups. Additionally, it conducted trials in a regulatory sandbox that onboarded around 100 firms.
According to the co-head of retail banking, Devon Sin, the bank linked up to the city’s company registry data, allowing for minimal information input and cross-checking.
However, the bank only plans to engage with licensed exchanges. It will also conduct AML procedures to satisfy the regulatory requirements.
ZA Bank will not be offering crypto services to mainland Chinese retail customers due to the regime’s restrictions on crypto trading.
One of the biggest problems crypto companies in the West have is access to banking services. Banks simply do not like crypto and do not want their customers accessing digital assets.
The outlook in Asia is a little more forward-looking in this respect.
Earlier this week, BeInCrypto reported on the launch of multi-million dollar venture funds targeting Asian crypto startups.
Hong Kong Forwards, America Backwards
Hong Kong aims to become a regional crypto hub by rolling out a regulatory framework in June. However, that framework is highly restrictive, with listed tokens needing background checks on the issuers and developers.
Licensed crypto exchanges would also be barred from market-making activities and would require insurance to cover any potential risks.
20
« on: April 10, 2023, 03:55:14 PM »
Visit – https://telegram.me/freebitmexsignals
(#140% Profit on #LEVER/USDT) (#640% Profit on #NKN/USDT) (#35% Profit on #ANT/USDT) (#30% Profit on #PEOPLE/USDT) (#45% Profit on #CHZ/USDT) (#50% Profit on #FOOTBALL/USDT) (#50% Profit on #ACH/USDT) - ALL FREE & Paid signals share in our Telegram group went in good profit. We are Largest Crypto Signals services on Telegram in 2023 provide best high quality Bitmex, Bybit, Binance futures auto Trade Copier cum BOT which copied all signals on your account via cornix Bot. Our Trade Copier has made consistent profit in past few months has traded in the right direction as it has excellent AI & inbuilt strategy to produce maximum gains & What unique is all the signals are copied by the BOT which reduces human efforts and simply results in great profit
Crypto has proven its techniques and platforms to be vital to the Internet-driven economy. Meanwhile, portents of global de-dollarization underpin the urgency of the crypto race to U.S. national security.
By the end of World War II, the United States found itself in a position of preeminence in the global economy. For decades and generations after that time, its national security has depended on petrodollar hegemony.
The standardized use of the dollar for international trade in petroleum and other commodities ensured a constant demand for the currency. This unrelenting massive global demand for U.S. dollars became a generational subsidy. It allowed the central bank to print more of them to monetize U.S. debts, public and private.
De-Dollarization Is Accelerating The Cracks In The Petrodollar
But the easy years of American monetary dominance over the world via the petrodollar are nearing their end. An April 5th entry in the politically radical but ideologically diverse Compact Mag describes the scope of the changes:
“De-dollarization—that is, the decline of the dollar’s status as global reserve currency—was once a fanciful dream, but it is now quickly becoming a reality.”
Among the signs of that are:
Saudi Arabia announced its openness to accepting yuan for oil exports to China in mid-March
China and Brazil announced an end to the use of dollars in their bilateral trade relations a week later
ASEAN nation finance ministers meeting in Indonesia to reduce dollar dependency in March
France closed a deal to buy 65,000 tons of Russian natural gas from China denominated in yuan in March
Here’s what it means for the U.S. in the crypto race.
The Crypto Race Will be as Important as the Space Race
The U.S. can no longer enforce dollar reserve trade as the international standard, or anyway, it likely won’t be able to for much longer.
But what it can do is outcompete foreign powers and actors in enticing everyone to use currencies it dominates by investing heavily in them and allowing the market to continue making them so feature-rich, beneficial, and easy to adopt that they’re as irresistible to international merchants as Apple and Google smartphone operating systems are to U.S. consumers.
By marshaling BTC hash power at the State Department, DHS, Treasury, DOD, DOJ, Commerce Department, and/or Federal Reserve, the U.S. can begin to accumulate a scarce digital commodity that will be one of the most consequential reserve currencies in history for international trade, settlement, and remittances.
21
« on: April 06, 2023, 01:02:34 PM »
Visit – https://telegram.me/freebitmexsignals
(#34% Profit on #XEM/USDT) (#22% Profit on #BTC/USDT) (#95% Profit on #BAT/USDT) (#95% Profit on #ZRX/USDT) (#90% Profit on #TLM/USDT) (#22% Profit on #LDO/USDT) (#60% Profit on #ICX/USDT) (#31% Profit on #ADA/USDT) - ALL FREE & Paid signals share in our Telegram group went in good profit. We are Largest Crypto Signals services on Telegram in 2023 provide best high quality Bitmex, Bybit, Binance futures auto Trade Copier cum BOT which copied all signals on your account via cornix Bot. Our Trade Copier has made consistent profit in past few months has traded in the right direction as it has excellent AI & inbuilt strategy to produce maximum gains & What unique is all the signals are copied by the BOT which reduces human efforts and simply results in great profit
The Virtual Assets Regulatory Authority (VARA) in Dubai has requested crypto exchange Binance and other international firms to provide additional information regarding their ownership, management, and auditing processes as part of their permit application process.
This move ensures companies comply with the “highest” regulatory standards while promoting innovation within the crypto and digital asset industry. Dubai has proactively adopted and promoted blockchain development and other related technologies.
However, the government recognizes the importance of robust regulations to safeguard investors and prevent illicit activities such as money laundering and terrorist financing. As Binance expands its operations in the Middle East, CEO, Changpeng “CZ” Zhao has established Dubai as his base.
In addition to scrutiny from VARA, Zhao has also faced regulatory pressure from US regulators. Recently, Binance has been sued by the U.S. Commodity Futures Trading Commission for allegedly violating derivatives regulations and maintaining “sham” compliance procedures. The company expressed its disappointment and surprise at the lawsuit.
Binance Has Delayed Providing The Necessary Information To VARA?
Reportedly, VARA requests this information about Binance’s ownership, board procedures, and auditing practices in detail, but the request is taking longer to fulfill. This is because Binance is one of the largest crypto exchanges in the world, and its operations are quite complex.
The exchange holds numerous companies and local entities within its corporate structure. The exchange had previously mentioned its intention to hire an auditor for its balance sheet. The decision was pushed back as the exchange faced certain challenges in finding a suitable firm to handle the responsibility.
Binance wants to offer cryptocurrency trading in Dubai through Binance FZE but has been delayed stating operational concerns. The company is working on upgrading its license to an Operational Minimal Viable Product (MVP), which will allow it to offer services to institutions and qualified investors before applying for a Full Market Product (FMP) permit.
VARA is the regulator that handles the licenses and will start issuing FMPs at the end of June. Once approved, companies can offer crypto trading to all investors. The ownership information for Binance FZE has yet to be made public.
22
« on: April 04, 2023, 02:32:40 PM »
Visit – https://telegram.me/freebitmexsignals
(#90% Profit on #ZRX/USDT) (#22% Profit on #LDO/USDT) (#30% Profit on #FXS/USDT) (#55% Profit on #SXP/USDT) (#50% Profit on #ZIL/USDT) (#20% Profit on #BTC/USDT) (#40% Profit on #ICX/USDT) (#40% Profit on #CFX/USDT) - ALL FREE & Paid signals share in our Telegram group went in good profit. We are Largest Crypto Signals services on Telegram in 2023 provide best high quality Bitmex, Bybit, Binance futures auto Trade Copier cum BOT which copied all signals on your account via cornix Bot. Our Trade Copier has made consistent profit in past few months has traded in the right direction as it has excellent AI & inbuilt strategy to produce maximum gains & What unique is all the signals are copied by the BOT which reduces human efforts and simply results in great profit
The XRP derivative market indicates strong positive sentiment, some expect the SEC lawsuit to conclude soon.
XRP Perpetual Futures Open Interest (PFOI) has shot up significantly since March 24 to around $610 million at its peak.
Open interest refers to the number of open futures contracts traders hold at the end of a trading day. It is commonly used to gauge market sentiment and the strength underlying price moves.
Whereas perpetual futures are a form of derivative contract, with no expiration date, that is cash settled – as opposed to settled in the underlying asset.
XRP perps skyrocket
Analysis from the data platform Kaiko showed a spike in XRP PFOI.
Since the start of March, XRP PFOI had been holding relatively steady, at around $300 million. However, on March 22, a significant jump in PFOI occurred – spiking as high as $500 million.
Through to March 26, a downtrend followed. But as we entered this week, futures traders began piling in to lift XRP PFOI much higher – peaking at $610 million on Wednesday.
Further analysis from Kaiko showed spot XRP daily trading volume rising and falling in tandem with PFOI – with a monthly peak at around $2.5 billion on two occasions.
The chart below shows spot volumes being primarily driven by the Korean market.
SEC lawsuit drawing to a close?
In December 2020, the SEC filed charges against Ripple over allegations it had raised over $1.3 billion through the unregistered XRP token.
“the defendants failed to register their offers and sales of XRP or satisfy any exemption from registration, in violation of the registration provisions of the federal securities laws.”
Since then, both sides have stated their case, with many observers noting the fragility of the regulator’s arguments.
While many XRP advocates expect a favorable decision, Judge Torres has yet to give her final verdict.
Some in the XRP community expect the outcome to be delivered before March 31. However, there has been no official confirmation of this deadline.
It should be noted that this date was a predictive estimate from James Filan – a lawyer who has been monitoring this case.
The daily chart below shows anticipation of the case conclusion filtering into the spot price around March 22. Since then, XRP recorded 57% gains at its peak – to post a 46-week high.
23
« on: April 01, 2023, 01:51:28 PM »
Visit – https://telegram.me/freebitmexsignals
(#60% Profit on #ADA/USDT) (#68% Profit on #RSR/USDT) (#200% Profit on #SXP/USDT) (#65% Profit on #C98/USDT) (#45% Profit on #ID/USDT) (#50% Profit on #ARB/USDT) (#90% Profit on #1INCH/USDT) - ALL FREE & Paid signals share in our Telegram group went in good profit. We are Largest Crypto Signals services on Telegram in 2023 provide best high quality Bitmex, Bybit, Binance futures auto Trade Copier cum BOT which copied all signals on your account via cornix Bot. Our Trade Copier has made consistent profit in past few months has traded in the right direction as it has excellent AI & inbuilt strategy to produce maximum gains & What unique is all the signals are copied by the BOT which reduces human efforts and simply results in great profit
24
« on: March 29, 2023, 04:20:31 PM »
Visit – https://telegram.me/freebitmexsignals
(#50% Profit on #BTC/USDT) (#50% Profit on #ETH/USDT) (#30% Profit on #AVAX/USDT) (#30% Profit on #BNB/USDT) (#80% Profit on #MASK/USDT) (#50% Profit on #CKB/USDT) (#50% Profit on #XRP/USDT) (#170% Profit on #GTC/USDT) - ALL FREE & Paid signals share in our Telegram group went in good profit. We are Largest Crypto Signals services on Telegram in 2023 provide best high quality Bitmex, Bybit, Binance futures auto Trade Copier cum BOT which copied all signals on your account via cornix Bot. Our Trade Copier has made consistent profit in past few months has traded in the right direction as it has excellent AI & inbuilt strategy to produce maximum gains & What unique is all the signals are copied by the BOT which reduces human efforts and simply results in great profit
In Brief
Despite high-profile bankruptcies, survey reveals that Singaporeans remain invested in cryptocurrencies.
Singapore has suffered a great deal of crypto industry layoffs between February 2022 and 2023.
40% of Singaporean investors are expected to invest in cryptocurrencies over the next 12 months.
Despite high-profile bankruptcies and a weak overall market, many crypto investors in Singapore remain steadfast. However, overall confidence has taken a hit, according to a recent survey.
Another report confirms that Singapore also tops significant cities in terms of crypto layoffs in the last year.
Singapore Crypto Investments Continue to Grow
According to Independent Reserve’s most recent study, Singapore earned 55 on the IRCI scale this year. This is a significant dip compared to a score of 61 last year. But, a blow to cryptocurrency trust has not deterred Singaporeans from making active crypto investments.
46% of Singaporean crypto investors spend up to $1,000 monthly on cryptocurrencies, and 44% have at least 10% of their portfolio in the asset class, IRCI revealed.
91% of the respondents were aware of at least one cryptocurrency.
Singapore has made efforts to position itself as the crypto hub. However, the Monetary Authority of Singapore recently suggested several measures to limit retail cryptocurrency access. Despite this, those between the ages of 26 and 35 were revealed to be the most familiar with crypto.
Despite cryptocurrency experiencing a challenging time, 47% of investors have invested in the digital asset class in the last 1-2 years.
The FTX implosion in November prolonged the crypto winter. Previously, it was ascertained that many who lost money due to the FTX collapse were in Asia. Meanwhile, the liquidity problem spread to the traditional banking sector as a result of the collapses of Silvergate, Silicon Valley, and Signature Bank.
Layoffs Amid Broader Tech Weakness
Singapore also ranked first on a list of major cities that fired employees from the crypto business between February 2022 and February 2023.
According to a report by Bitcoin Casinos, 3,719 people were laid off by businesses headquartered in Singapore. San Francisco Bay Area was a close second with 3,454 layoffs, followed by New York City (1,754 layoffs).
Notably, the figures are significantly impacted by layoffs at Singapore-based Crypto.com. They reportedly fired 2,750 employees in the last year.
Meanwhile, with the tech sector experiencing a general weakness, 40% of Singaporean investors are expected to invest in cryptocurrencies over the next 12 months. Additionally, according to IRCI, 48% of respondents intend to grow their existing cryptocurrency holdings, reflecting positive sentiments towards the sector.
25
« on: March 27, 2023, 04:47:36 PM »
Visit – https://telegram.me/freebitmexsignals
(#15% Profit on #MASK/USDT) (#30% Profit on #CELR/USDT) (#50% Profit on #LRC/USDT) (#50% Profit on #GTC/USDT) (#75% Profit on #BAND/USDT) (#35% Profit on #ETH/USDT) (#50% Profit on #MAGIC/USDT) - ALL FREE & Paid signals share in our Telegram group went in good profit. We are Largest Crypto Signals services on Telegram in 2023 provide best high quality Bitmex, Bybit, Binance futures auto Trade Copier cum BOT which copied all signals on your account via cornix Bot. Our Trade Copier has made consistent profit in past few months has traded in the right direction as it has excellent AI & inbuilt strategy to produce maximum gains & What unique is all the signals are copied by the BOT which reduces human efforts and simply results in great profit
26
« on: March 23, 2023, 01:58:30 PM »
Visit – https://telegram.me/freebitmexsignals
(#24% Profit on #ETH/USDT) (#40% Profit on #GTC/USDT) (#92% Profit on #LTC/USDT) (#15% Profit on #ADA/USDT) (#50% Profit on #LQTY/USDT) (#35% Profit on #BEL/USDT) (#125% Profit on #T/USDT) (#30% Profit on #MASK/USDT) - ALL FREE & Paid signals share in our Telegram group went in good profit. We are Largest Crypto Signals services on Telegram in 2023 provide best high quality Bitmex, Bybit, Binance futures auto Trade Copier cum BOT which copied all signals on your account via cornix Bot. Our Trade Copier has made consistent profit in past few months has traded in the right direction as it has excellent AI & inbuilt strategy to produce maximum gains & What unique is all the signals are copied by the BOT which reduces human efforts and simply results in great profit
If the US Securities and Exchange Commission’s (SEC) Wells Notice against Coinbase makes anything clear, it’s that the agency is at war with the crypto industry. Coinbase is the poster child for the American crypto industry and has always been committed to regulatory compliance and license registration – otherwise, the exchange wouldn’t have been able to get its IPO approved either.
Nevertheless, the SEC decided to send a Wells Notice to Coinbase focusing on staking and asset listings. A Wells Notice typically precedes an enforcement action, as CEO Brian Armston said.
In fact, as Coinbase CLO Paul Grewal wrote via Twitter, the exchange has met with the SEC more than 30 times in the last nine months to find a way to register – without hearing back. When Coinbase applied to go public in 2021, the SEC granted approval. “Now they have changed their mind on what is allowed,” Grewal said.
A War On Crypto And How The Industry Will Win
In a blog post, Coinbase detailed what is most shocking about the Well Notice, “The SEC staff told us they have identified potential violations of securities law, but little more. We asked the SEC specifically to identify which assets on our platforms they believe may be securities, and they declined to do so.”
The crypto community is outraged at how the SEC is refusing to do its job by not creating clear rules while regulating with enforcement actions. Therefore, it seems clear: the war can only be won in court.
Fortunately, Coinbase is more than eager to fight. “So what happens next? We avail ourselves of the court system to finally start to get some clarity for the crypto industry in the U.S. Ironically, establishing some case law may be our best shot at getting the regulatory clarity that the industry deserves,” Grewal explained.
Jake Chervinsky, chief policy officer at Blockchain Association, expressed his dismay over the Wells Notice to Coinbase after the company spent “an extraordinary amount” of time and resources working in good faith to obtain regulatory clarity from the SEC. Still, Chervinsky is hopeful:
Thankfully, Coinbase is ready to fight and in a strong position to do so successfully as a matter of law. Remember, the SEC doesn’t make the law. It only makes allegations, which ultimately must be tested in the courts. Often, as here, the SEC is wrong.
Other well-known crypto industry bigwigs have a similar view. Scott Melker, The Wolf Of All Streets, claims via Twitter that Coinbase will bury the SEC in court as they have the war chest and facts on their side. Melker writes:
The judicial system has been dunking on the SEC in every available situation. Let’s go. […] This will catalyze the industry in the US in a way that the SEC is wildly unprepared for. Gary is toast.
Caitlin Long, founder and CEO of crypto-friendly Custodia Bank, adds:
IT SHOULD BE CRYSTAL CLEAR BY NOW that the Biden Administration wants all crypto (even the legit parts of it)–run out of the U.S. […] The SEC’s remit is investor protection. How did it protect investors to let a company IPO if it was violating securities laws?
XRP community advocate Jeremy Hogan also notes that the SEC is no longer an independent agency that makes rules based on the law, but is a “political enforcement arm of the government and its views,” adding “Only the Courts can save us now.”
27
« on: March 17, 2023, 02:03:39 PM »
Visit – https://telegram.me/freebitmexsignals
(#83% Profit on #CFX/USDT) (#75% Profit on #KAVA/USDT) (#24% Profit on #BNB/USDT) (#34% Profit on #ARPA/USDT) (#18% Profit on #CHR/USDT) (#22% Profit on #COCOS/USDT) (#20% Profit on #ETH/USDT) (#88% Profit on #TOMO/USDT) - ALL FREE & Paid signals share in our Telegram group went in good profit. We are Largest Crypto Signals services on Telegram in 2023 provide best high quality Bitmex, Bybit, Binance futures auto Trade Copier cum BOT which copied all signals on your account via cornix Bot. Our Trade Copier has made consistent profit in past few months has traded in the right direction as it has excellent AI & inbuilt strategy to produce maximum gains & What unique is all the signals are copied by the BOT which reduces human efforts and simply results in great profit
Cardano and Solana are competitors in the decentralized finance (DeFi) and non-fungible token (NFT) space as both blockchains offer smart contract capability that makes the creation of these assets possible. Both of their native cryptocurrencies namely ADA and SOL have also taken a significant beating in the market as the bear market raged on. But once again, the crypto market has begun to see an upside and the question of which is the better investment has arisen once more.
Cardano Vs Solana In DeFi And NFTs
Despite Cardano being the older of the two, the growth of Solana in the DeFi and NFT space quickly surpassed that of the former because it offered smart contract compatibility first. At this point, Solana is playing catch-up to networks such as Ethereum and Solana given that both of these blockchains already had an established community before Cardano debuted smart contract capabilities in September 2021.
Related Reading: Bitcoin Rally Cools Following CPI Release, But Bulls May Not Be Done
At its peak, SOL’s total value locked (TVL) crossed $10 billion compared to ADA’s $326 million peak. Solana is also the second-largest network for NFTs behind Ethereum, a development that has seen the Magic Eden NFT marketplace continue to contend for market share with the notorious OpenSea.
However, Solana was closely tied to FTX and Alameda, both of which imploded in 2022. This negatively affected the sentiment around the network, causing its TVL and NFT trading volume to tank at the same time.
Now, the Solana TVL is sitting at $240 million while Cardano is at $117 million, according to DeFiLlama. This puts both networks in significantly close margins, further narrowing the gap between them performance-wise.
SOL Price Vs ADA Price
As previously stated, the collapse of FTX and Alameda Research greatly impacted Solana, pushing its price down from above $34 to single-digit levels before the market recovery at the beginning of 2023 saw it reclaim the $25 level before falling back down to $19.
In terms of price performance over the last year and how well both digital assets are doing compared to their all-time high values, Cardano emerges as the better option over Solana. Where SOL is down 92.44% from its $259 ATH price, ADA is down 89.42% from its $3.10 ATH, data from Messari shows.
However, on the flip side of this, both digital assets actually hit their cycle low on the same day this year; January 7. But while ADA is up only 37.32% from its cycle low, SOL is up over 98% from the same day. This highlights the higher interest in Solana, helping to push its value up much more rapidly compared to ADA.
Going by historical data, SOL has been the better performer out of the two and could continue to do so going forward. But it is also important to keep in mind that Cardano has developed a cult-like following, which has proven to be an important factor for well-performing cryptocurrencies, such as Shiba Inu.
28
« on: March 15, 2023, 02:17:37 PM »
Visit – https://telegram.me/freebitmexsignals
(#88% Profit on #TOMO/USDT) (#33% Profit on #CRV/USDT) (#160% Profit on #T/USDT) (#260% Profit on #HOOK/USDT) (#42% Profit on #OP/USDT) (#648% Profit on #CVX/USDT) (#91% Profit on #HIGH/USDT) - ALL FREE & Paid signals share in our Telegram group went in good profit. We are Largest Crypto Signals services on Telegram in 2023 provide best high quality Bitmex, Bybit, Binance futures auto Trade Copier cum BOT which copied all signals on your account via cornix Bot. Our Trade Copier has made consistent profit in past few months has traded in the right direction as it has excellent AI & inbuilt strategy to produce maximum gains & What unique is all the signals are copied by the BOT which reduces human efforts and simply results in great profit
In Brief
The rise of cryptocurrencies has presented a challenge for governments worldwide.
Governments are responding by developing their own CBDCs, regulating the crypto industry, and even banning certain aspects of it.
Balancing control and innovation is crucial for the future of finance and privacy in the digital age.
Bitcoin and Ethereum have increased in popularity and adoption in recent years. Yet, as digital currencies, they operate outside the control of traditional financial institutions and governments. This has led to concerns from governments about perceived risks associated with cryptocurrency and the need for greater regulation.
In this article, we will explore the ongoing battle for control between governments and the cryptocurrency industry and the different ways governments respond to what many view as a threat to the global financial order.
The Impact of Cryptocurrency on Global Finance
Cryptocurrencies are digital currencies that use cryptography to secure and verify transactions and to control the creation of new coins. They are decentralized, meaning that they operate independently of central banks and financial institutions.
This independence from traditional finance has led to worries among governments about potential risks associated with cryptocurrencies, such as money laundering and the financing of terrorism.
Governments are also concerned that cryptocurrency could undermine their control over the financial system, which could have implications for monetary policy, financial fluidity and political stability.
Developing CBDCs
One way that governments are responding is by developing their own central bank digital currencies (CBDC). CBDCs are digital currencies that are issued and backed by central banks. They provide a more secure and reliable alternative to cryptocurrencies like Bitcoin, which are subject to volatile fluctuations in value. In addition, CBDCs provide governments with greater control over their citizens’ financial behavior.
CBDCs can be programmed to track consumer spending and savings habits-the exact antithesis of what cryptocurrency promotes.
Many countries are already investigating the development of CBDCs, including China, Sweden, and the European Union. China has been leading the way in the development of CBDCs, with its digital yuan already in circulation. The digital yuan is being trialed in various cities across China and is expected to be fully rolled out in the near future.
The Regulation Dilemma
Another way governments are meeting the challenge of cryptocurrency is by introducing regulations that control the use and trading of crypto. Governments use regulation to provide oversight and stability to the crypto industry, which currently faces little to no regulation in most countries.
The United States has introduced various regulations tasked with providing regulatory oversight to the crypto industry, such as the Cryptocurrency Act of 2020. The act aims to provide clarity and oversight by funneling cryptocurrencies into three categories based on unique characteristics and providing a regulatory framework for each.
The European Union introduced the Markets in Crypto Assets (MiCA) regulation to provide a comprehensive regulatory framework covering everything from initial coin offerings (ICOs) to crypto exchanges. The aim is to provide greater investor protection and market integrity.
Banning Certain Aspects of the Crypto Industry
Finally, some governments are looking to ban certain aspects of the crypto industry altogether. China, for example, has recently announced a crackdown on cryptocurrency mining and trading, citing concerns over financial stability and energy consumption. Similarly, India has proposed a bill that would ban all private cryptocurrency while creating a framework for the development of a digital rupee.
Risks and Benefits
Each approach to responding to the rise of crypto has its own risks and benefits. CBDCs offer governments greater control and security but could limit decentralized cryptocurrency’s privacy and anonymity.
Regulating the crypto industry could provide much-needed oversight and stability but could also stifle innovation and growth. Banning certain aspects of the crypto industry could provide a quick fix to perceived problems. But it could also push the industry further underground, making it harder to regulate.
The crypto industry is still in its early stages, and its potential risks and benefits are not fully understood. Governments are responsible for maintaining financial stability and protecting their citizens, but they must also promote innovation and growth.
The battle for control between governments and the crypto industry is complex. Each approach has its own risks and benefits. Balancing regulation, innovation, control, freedom, privacy, and transparency is vital for the future of finance and privacy.
The Battle for Control: Governments vs. Crypto
The increased adoption of cryptocurrency has presented a challenge for governments around the world. As decentralized digital currencies, crypto offers greater privacy and anonymity than traditional fiat money. But they also operate outside the control of central banks and financial institutions.
Each approach has its own risks and benefits. Finding a balance between control and innovation is crucial for the future of finance and privacy in the digital age.
The outcome of the battle between governments and the cryptocurrency industry will have significant implications for the global financial system.
29
« on: March 13, 2023, 01:46:43 PM »
Visit – https://telegram.me/freebitmexsignals
(#212% Profit on #TRX/USDT) (#268% Profit on #CRV/USDT) (#23% Profit on #BTC/USDT) (#40% Profit on #ETH/USDT) (#42% Profit on #LTC/USDT) (#40% Profit on #CVX/USDT) (#63% Profit on #PERP/USDT) (#124% Profit on #COTI/USDT) - ALL FREE & Paid signals share in our Telegram group went in good profit. We are Largest Crypto Signals services on Telegram in 2023 provide best high quality Bitmex, Bybit, Binance futures auto Trade Copier cum BOT which copied all signals on your account via cornix Bot. Our Trade Copier has made consistent profit in past few months has traded in the right direction as it has excellent AI & inbuilt strategy to produce maximum gains & What unique is all the signals are copied by the BOT which reduces human efforts and simply results in great profit
30
« on: March 09, 2023, 02:52:50 PM »
Visit – https://telegram.me/freebitmexsignals
(#25% Profit on #CRV/USDT) (#40% Profit on #XMR/USDT) (#65% Profit on #REN/USDT) (#50% Profit on #MASK/USDT) (#40% Profit on #BTC/USDT) (#40% Profit on #CRV/USDT) (#21% Profit on #ENJ/USDT) (#66% Profit on #CFX/USDT) ALL FREE & Paid signals share in our Telegram group went in good profit. We are Largest Crypto Signals services on Telegram in 2023 provide best high quality Bitmex, Bybit, Binance futures auto Trade Copier cum BOT which copied all signals on your account via cornix Bot. Our Trade Copier has made consistent profit in past few months has traded in the right direction as it has excellent AI & inbuilt strategy to produce maximum gains & What unique is all the signals are copied by the BOT which reduces human efforts and simply results in great profit
Bitcoin price broke the key $22,000 support zone. BTC is showing bearish signs and might decline further towards $20,500 or even $20,000 in the near term.
Bitcoin is gaining bearish momentum below the $22,000 support zone.
The price is trading below $22,000 and the 100 hourly simple moving average.
There is a major bearish trend line forming with resistance near $22,050 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could continue to move down towards the $21,200 support or even $20,500.
Bitcoin Price Extends Drop
Bitcoin price failed to start a recovery wave above the $22,250 resistance zone. BTC bears remained in action and pushed the price further lower below the $22,000 support zone.
It opened the doors for more losses and the price dropped below $21,800. A new monthly low was formed near $21,600 and the price is now consolidating losses. Bitcoin price is now trading below $22,000 and the 100 hourly simple moving average.
An immediate resistance is near the $21,840 level. It is near the 23.6% Fib retracement level of the downward move from the $22,600 swing high to $21,600 low.
The next major resistance is near the $22,000 zone. There is also a major bearish trend line forming with resistance near $22,050 on the hourly chart of the BTC/USD pair. The trend line is close to the 50% Fib retracement level of the downward move from the $22,600 swing high to $21,600 low.
The main resistance is now near the $22,250 zone. A close above the $22,250 resistance might start a decent increase towards the $22,600 resistance zone. The next key resistance is near the $23,000 zone, above which the price might gain bullish momentum.
More Losses in BTC?
If bitcoin price fails to clear the $22,000 resistance and the trend line, it could start another decline. An immediate support on the downside is near the $21,600 zone.
The next major support is near the $21,200 zone, below which the price might drop to $21,000. The next major support is near the $20,500 level. Any more losses might send the price towards the $20,000 level.
Show Posts