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Brazil Legalises Crypto as Payment Method | DeFi Lending Protocols Cap Loans to Mitigate Risks | Coinbase’s Non-Custodial Wallet to Drop Support for XRP, XLM, ETC, and BCH

A closely followed crypto strategist says that Ethereum (ETH) is gearing up for a big move that could dictate whether it outperforms Bitcoin (BTC) next year. Justin Bennett tells his 111,600 Twitter followers that the ETH/BTC pair is about to make a decision soon as it approaches the end point of a symmetrical triangle pattern. The post Ethereum Primed for Imminent Move That Could Dictate Its Performance for the Next Year, Says Top Analyst appeared first on The Daily Hodl .

Binance has managed to expand its services throughout the past year by either acquiring an operating license or buying a stake in a regulated entity.

Coinbase Wallet recently announced that it would stop supporting ETC, XRP, BCH, and XLM. The reason behind the move is the tokens’ low usage. According to almost every Coinbase Wallet review, the platform offers reliable services. Thus, the coins have taken a huge loss with the development. The latest blog by Coinbase states that users …

In this episode of The Scoop, Rob Paone — founder and CEO of crypto recruiting firm Proof of Talent — shares his perspective on how the crypto hiring landscape has changed during the bear market.

There is a new crypto dawn In Brazil. The collapse of one of the world’s largest crypto exchanges earlier this month has prompted the current events. Brazil’s lower house of Congress late Tuesday approved a bill that aims to boost oversight of the country’s cryptocurrency sector. The measure, proposed by Senator Flavio Arns, is regarded … Brazil’s Chamber of Deputies approves crypto law Read More »

Decentralized Finance, or DeFi for short, has gained considerable traction over the years. There is a huge market for its applications, and the DeFi sector will be worth trillions of dollars in near future. Its current market capitalization is $39.30 billion. If you want to take a slice of this pie, you can invest in The post Top DeFi Tokens To Buy In December 2022 That Will Make You Rich In Long Run appeared first on CoinGape .

Today’s Cardano price analysis is bullish, as we’ll likely see another wave of upward momentum in the near future. ADA reached a high of $0.3146, representing an increase of over 0.77% since this time yesterday. The cryptocurrency faced some resistance at the $0.3185 level, but we can expect to see further gains in the days … Cardano price analysis: ADA reaches $0.3146, chances of a steady uptrend exist Read More »

ETH is the top performer among the largest cryptocurrencies, with a 5% increase.

ApeCoin has been losing its value on market massively, and now reason is clear

Ripple has announced that it has implemented the long-awaited automated market maker (AMM) feature in a devnet yesterday. Earlier this year, the RippleX team proposed the technical specification for XLS-30d. This is a protocol-native AMM that is integrated into the order book-based DEX on the XRP Ledger. Developers can now integrate their applications directly into

Although Brazil did not declare Bitcoin to be the legal currency, it took the further best action by allowing crypto to be used for payments nationwide. This gave the ecosystem’s growth and acceptance of digital currencies a legislative boost. Brazil Permits Use of Crypto as Payments The Chamber of Deputies of Brazil passed a legislative framework allowing the use of cryptocurrencies as forms of payment there. The agreement signed under the designation PL 4401/2021 allows the integration of digital money and frequent flyer miles in the description of payment arrangements subject to the control of the nation’s Central Bank. The The post Brazilian Law Now Permits Use of Cryptocurrencies as Payments appeared first on Cryptoknowmics-Crypto News and Media Platform .

Sam Bankman-Fried, former CEO and founder of collapsed crypto exchange FTX, is down to $100,000 from the approximately $17 billion he was worth earlier this year. In a recent interview with Axios, Bankman-Fried claimed that he currently has around $100,000 in his bank accounts, down by 99% from his net worth of around $17 billion based on calculations by Bloomberg. When asked about his personal finances, he said,... Read More: Sam Bankman-Fried Loses $17 Billion Fortune, Now Down to Just $100,000 in the Bank

Summary While the technology surrounding digital assets creates transparency - with its decentralized, secure and immutable ledgers - the surrounding ecosystem is not always so. Crypto exchanges can be divided into two categories - centralized and decentralized. Exchanges potentially lack transparency. There are now hundreds of exchanges that trade 24/7 globally, and not all operate at the same standard; i.e., technology, governance, etc. By Sharon Liebowitz By now, the news in early November about the collapse of FTX ( FTT-USD ), one of the largest global cryptocurrency exchanges, is sinking in. At S&P Dow Jones Indices, we often discuss the challenges of the cryptocurrency ecosystem and its risks across multiple dimensions. These include asset-level risks, technology risks, market risks and regulatory risks, as well as unknown and sizeable systemic risks. As the fate of SBF (Sam Bankman-Fried) and his FTX exchange get sorted out by the judicial system and the court of public opinion, one thing most can agree on is that they never saw this coming. This opaque area within the crypto ecosystem could use some clarification. While the technology surrounding digital assets creates transparency - with its decentralized, secure and immutable ledgers - the surrounding ecosystem is not always transparent. Exchanges potentially lack transparency. There are now hundreds of exchanges that trade 24/7 globally, and not all operate at the same standard; i.e., technology, governance, etc. As the FTX collapse unfolded, S&P Dow Jones Indices’ cryptocurrency price provider Lukka quickly removed both FTX.com and FTX.US from its list of eligible exchanges. Crypto exchanges can be divided into two categories - centralized and decentralized. FTX, Binance ( BNB-USD ) and Coinbase ( COIN ) are all examples of centralized exchanges (part of centralized finance, or CeFi). Centralized exchanges (CEXes) are typically controlled by a single entity and operate using a central order book - the trades go through an intermediary; that is, the exchange. Decentralized exchanges (DEXes), such as UniSwap ( UNI-USD ) or Aave ( AAVE-USD ), by contrast, have no intermediary - instead, they use smart contracts (pieces of software code) and an automated market maker (AMM) to execute transactions. Often, a DEX is set up as a decentralized autonomous organization ((DAO)), and decisions are made using governance tokens. This brings us to the tokens associated with various exchanges. FTX created FTT 1 , a token that provided its holder a discount on FTX trading fees. FTT also could be staked (locked up) for additional rewards, such as lower fees and higher rebates, or used as collateral for derivatives or margin positions on FTX. Similarly, Binance exchange created BNB, 2 a token that allowed discounts, payments and more on the BNB Chain ecosystem. (Coinbase is a publicly traded company that offers USD Coin ( USDC-USD ), a stablecoin.) By contrast, UNI 3 and AAVE 4 tokens govern their respective DEXes via on-chain governance. These token holders can propose and vote on protocol upgrades that allow it to be community-led and minimize the need for trust. All the above represent different types of exchanges and tokens, as well as different risks and values. However, they provide little transparency. And that brings us to the role of indices. Indices bring transparency by measuring the performance of a market. Indices also provide multiple perspectives to track and potentially access a market. The S&P Cryptocurrency Indices are no different. These indices reflect diversification, a methodology that screens index constituents on various levels, as well as an independent Index Committee which has discretion over index decisions involving regulatory, structural or legal issues. FTT, BNB, UNI and AAVE are all constituents of the 50-coin S&P Cryptocurrency LargeCap Index , 5 though only BNB is greater than 1% of its makeup as of publication date. The FTX incident shines a light not only on the benefits of diversification, but also on the relative transparency of decentralized finance. _________ 1 FTX Token (FTT) FAQ 2 BNB - What is BNB and What Is It Used For? 3 Governance | Uniswap Protocol 4 Aave - Open Source Liquidity Protocol 5 S&P Dow Jones Indices, as of Nov. 18, 2022. Disclosure: Copyright © 2022 S&P Dow Jones Indices LLC, a division of S&P Global. All rights reserved. This material is reproduced with the prior written consent of S&P DJI. For more information on S&P DJI please visit www.spdji.com . For full terms of use and disclosures please visit www.spdji.com/terms-of-use. Original Post Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.

Do Kwon, the co-founder, and CEO of Terraform Labs, is still being hunted for, but South Korean officials have expanded their inquiries to include additional Terra executives. An arrest warrant was filed by the prosecution for co-founder Daniel Shin and seven more engineers and investors of the company on the grounds that they may have … Terra’s Do Kwon former colleagues targeted by the latest arrest warrant Read More »

After a period of difficulty, the largest digital assets on the cryptocurrency market are finally recording some noticeable gains, including … Continued The post Ethereum breaking above this crucial level could push it toward $1,550 appeared first on Finbold .

Big milestone reached as DeFi AMM network is live for testing

AVAX price analysis for 30 November 2022, AVAX, the twentieth-largest cryptocurrency based on market cap, is in a downtrend since November 2021. You can read more about AVAX price from CoinCodex. On the third day of this week, it seems that sellers take control of the price based on the weekly Heikin Ashi Candlestick. The The post AVAX price analysis for 30 November 2022 appeared first on Blockchain, Crypto and Stock News .

BNB price analysis for 30 November 2022, BNB, the fifth largest cryptocurrency based on market cap, is in a downtrend since November 2021. The downtrend broke in August but the 50 weekly SMMA stood as resistance. You can read more about BNB price from CoinCodex. On the third day of this week, it seems that The post BNB price analysis for 30 November 2022 appeared first on Blockchain, Crypto and Stock News .

Ethereum price analysis for 30 November 2022, Ethereum, the second largest cryptocurrency based on market cap, is in a downtrend since November 2021. You can read more about Ethereum price from CoinCodex. On the third day of this week, it seems that pressure tries to balance between buyers and sellers based on the weekly Heikin The post Ethereum price analysis for 30 November 2022 appeared first on Blockchain, Crypto and Stock News .

It seems that CrossTower found its first crypto firm with a "good set of customers" and a "good balance sheet."

Bitcoin price analysis for 30 November 2022, Bitcoin, the first largest cryptocurrency based on market cap, is in a downtrend since November 2021. You can read more about Bitcoin price from CoinCodex. On the third day of this week, it seems that sellers take control of the price based on the weekly Heikin Ashi Candlestick. The post Bitcoin price analysis for 30 November 2022 appeared first on Blockchain, Crypto and Stock News .

Following the August 30 ruling that stated Indian courts could order a messaging app to reveal infringers' information, Telegram made names of admins, their cellphone numbers, and IP addresses of the channels public ( 1 ). These channels are accused of sharing study materials for various competitive exams created by Campus

Word has spread about BONE getting listed by another crypto exchange, this one is based in New York City

Sequoia Capital India led the $13.6 million Series A funding round for Prismforce, an India-U.S. firm that helps IT and tech services companies improve their talent supply chain ( 1 ). Most IT companies wiggle room budget goes toward paying for talented new hires. One of the biggest problems facing

Binance bought Sakura Exchange BitCoin (SEBC), a Japanese crypto exchange regulated by the country's Financial Services Agency (FSA), for an undisclosed amount.

As the company prepares to move its focus to its private label entities in southern towns, the online food delivery platform Swiggy has discontinued its cloud kitchen locations in the Delhi National Capital Region (NCR), such as The Bowl Company ( 1 ). Swiggy has confirmed that The Bowl Company, located in

Last week, Jio unveiled the beta of its cloud gaming platform, JioGamesCloud ( 1 ). Users on social media and discussion forums like Reddit began mentioning that they could play GeForce Now games on their Jio streaming devices, bringing the debut to light. Nvidia's GeForce Now cloud gaming platform is

After a year of volatility in the cryptocurrency market, prices have started recovering in recent days. Yesterday, there was a

The new DeFi data product will track five distinctive transactions in the Aave, Compound, and MakerDAO protocols. Continue reading Kaiko Releases New Data Tool for Tracking Ethereum DeFi Protocols at DailyCoin.com.

Bitcoin's price soared above $17K for the first time in two weeks. This happens as a historic bottom signal flashes again.

Decision to cut off XRP support from Coinbase Wallet met with mixed reactions all across crypto space

Serum (SRM), a decentralized cryptocurrency exchange financed by FTX, informed its 215,000 Twitter followers that the project is “defunct” after

DOGE short-term investors could be shorting the memecoin for gains DOGE’s current bull rally may stands under speculation Not so long ago, crypto investors showed disinterest in Dogecoin [DOGE]. Its price action was relatively dormant between June and October. However, its November performance could be considered as noteworthy thanks to a renewed investor interest. More

Just over 12 months after raising $2 million, the Cameroonian fintech whose app allows users to buy and store crypto assets recently said it had received $8 million in its Series A investment round. According to Ruth Foxe Blader, partner at Anthemis, Ejara aims to become the one-stop platform where “a suite of financial products

The world’s largest crypto exchange Binance on Wednesday said it has acquired 100% of Sakura Exchange BitCoin (SEBC). The acquisition marks the entry of Binance into the Japanese market as a Japan Financial Services Agency (JFSA) regulated entity. Binance to actively comply with the regulator and ensure better services for local users. It will also The post Breaking: Binance Acquires Sakura Exchange BitCoin, Re-Enters Japanese Market appeared first on CoinGape .

Coinbase, the largest exchange in the United States, announced on November 29 that it will no longer support Bitcoin Cash

On Monday, GMX earned $1.15 million in trading fees, surpassing Uniswap's $1.06 million for the first time on record.

Crypto exchange operator Binance has entered Japan by acquiring the locally licensed exchange Sakura Exchange BitCoin (SEBC).

Crypto is about to enjoy massive adoption in Brazil. The south American nation, through its Chamber of Deputies, has successfully passed a legal measure that will make the use of cryptocurrencies as payment for goods and services legal within the bounds of the country. The document pertaining to this newly approved law was signed under

Avalanche price analysis reveals that the cryptocurrency is currently trading at $12.86 after a slight increase of 2.87 percent over the last 24 hours. The market capitalization of the digital asset stands at $4,002,080,888, and the 24-hour trading volume is currently at $149,004,172. The Bullish momentum is the result of a strong win in recent … Avalanche price analysis: Positive strikes continue as AVAX surges 2.87% Read More »

The post Cardano Price Flashes Fresh Bearish Signals, Poised to Drop a Level Down Very Soon! appeared first on Coinpedia Fintech News The crypto markets have turned green, while the Cardano price is striving to inculcate bullish market sentiments. The volume also appears to have drained in the meantime, and the impact is already evident on the ADA price. Hence, the price is expected to continue with little-to-no volatility in price action for an extended period ahead. …

To support its APAC expansion, the cryptocurrency bank Seba has launched an office in Hong Kong. The move coincides with Hong Kong's intentions to once again become a center for the cryptocurrency industry.

Sam Bankman-Fried, the ex-CEO of FTX, a cryptocurrency exchange that was once valued at $26 billion, told Axios on Monday

Over the last 24 hours, crypto whales have been moving XRP from one wallet to another as prices showcase signs of recovery in the market. According to Whale Alert, the tracker of large transactions of cryptocurrencies from one wallet to another, crypto whales moved a whopping 442,302,161 XRP worth $178 million at current prices in The post Crypto Whales Moved 442 Million XRP As Price Rebounds. Here’s the Destination appeared first on Times Tabloid .

Litecoin price analysis confirms a bullish trend for the cryptocurrency, as the buying momentum has intensified. A green candlestick has appeared on the price chart, indicating a rise in the coin value after a bearish period of four consecutive days. If the bullish rally continues in the future, further improvement in LTC/USD value can be … Litecoin price analysis: LTC price overcomes $79.73 resistance after the latest uptrend Read More »

Bitcoin investors are eagerly awaiting Jerome Powell’s speech today. The chairman of the U.S. Federal Reserve will comment on the current situation and policy this Wednesday at the Brookings Institution, an American research group. Market analysts will be closely assessing Powell’s every word, looking for clues about the central bank’s future monetary policy. After the

After the bill is signed by the president, Brazilians will be able to use their crypto to pay for goods and services.