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Showing posts from July, 2023

Binance Breaks New Ground with Japan Launch, BNB Token to Take Center Stage

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BNB Token To Debut In Japan The cryptocurrency behemoth’s “Build and Build ( BNB )” exchange token, a native token of the BNB chain with broad usage on the Binance exchange, will launch in the Japanese market. The creation of this coin demonstrates Binance ’s strategic goal to target seasoned users. advertisement A variety of decentralized finance (DeFi) and Web 3-based blockchain-based game stocks, such as Solana (SOL), Aster (ASTR), Avalanche (AVAX), Jasmy (JASMY), and Axie (AXS), will be included in the cryptocurrency choices on sale. Domestic unlisted concerns that are not already managed by other exchanges are still being considered, despite not being included in the most recent notification. Binance Japan will not allow leveraged trading, which often entails using margins to purchase and sell assets repeatedly. This is a divergence from several of its rivals. Binance would need to meet stringent requirements to obtain a “Type 1 Financial Instruments Bu

SingularityNET Price Prediction 2023-2030: Will AGIX Price Hit $1 Soon?

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Bullish SingularityNET (AGIX) price prediction ranges from $0.7305 to $0.8334. AGIX price might also reach $0.9 this 2023. AGIX’s bearish market price prediction for 2023 is $0.1671. SingularityNET (AGIX) is a blockchain-powered platform that allows anyone to easily “build, share, and monetize” Artificial Intelligence services. SingularityNET’s marketplace encourages users to browse, evaluate, and purchase AI services using SingularityNET’s native token, AGIX. The SingularityNET team pioneered the evolution of Artificial Intelligence, which is known as Sophia, the most expensive robot in the world. SingularityNET’s goal is to enable Sophia to comprehend human language and consistently develop “OpenCog completely.” Open Cog is an Artificial Intelligence framework and a diverse grouping of cognitive algorithms, with each algorithm symbolizing their innovation. If you are interested in the future of AGIX and want to know its predicted value for 2023, 2024, 2

Alibaba, silver, gold, Bitcoin, Ethereum: Mike Novogratz's ideal portfolio

During a recent interview with Bloomberg Wealth, Novogratz touched on topics ranging from investing to Ripple's case and Larry Fink. Galaxy Digital's founder Mike Novogratz shared what an ideal investment portfolio would look like for a young and high-risk tolerance investor during an interview with Bloomberg Wealth, saying that he'd invest in the Chinese giant Alibaba, silver , gold, Bitcoin (BTC), and Ethereum (ETH). “If they were young and had a high-risk tolerance, I’d be buying Alibaba stock. I’d be buying silver , gold, Bitcoin and Ethereum. That’d be my portfolio ,” he said in allusion to someone investing $100,000. For those with lower risk tolerance, he recommended allocating only 30% of a portfolio in the example, with the remaining 70% in bonds and perhaps index funds. Novogratz's bullish stance on Bitcoin received a boost from BlackRock's application for a spot Bitcoin exchange-traded fund (ETF) in June. In his opinion, the application was the bigges

Cardano Founder Discusses Latest ADA Developments, XRP Lawsuit, And Crypto Regulations

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Cardano Founder Charles Hoskinson Bullish On Crypto Growth In the US Charles Hoskinson in an AMA on July 29 started with the launch of Intersect , a member-based organization shaping the Cardano future, with over 200 members joined in the last few days. He will provide details on various things including moving code from IOHK and Intersect in the coming days. He also talked latest Cardano workshops and partnerships. advertisement Talking about Judge Torres’ ruling in the US SEC v. Ripple lawsuit, Charles Hoskinson said it’s a big win for the community, with XRP getting listed on major crypto exchanges. It also establishes a legal foundation to argue on crypto like Cardano, Solana, Polygon (MATIC), and others are not securities. He asserts the ruling certainly weakens the US SEC’s argument and urges lawmakers to pass crypto legislation in the US to provide clarity to the crypto industry. ADA is not a security irrespective of what SEC say as the project is run

Shibarium Bridge Goes Live For Public Testing Ahead of August Launch

Shiba Inu official announces that the Shibarium Beta Bridge is live for public testing. The Layer 2 bridge will connect the Ethereum and Shiba Inu blockchains. SHIB and Bone saw an uptick in their prices following the announcement. Ahead of its expected launch in August, the Shibarium Beta Bridge has gone live for public testing. Lucie, a Shiba ecosystem official, made this announcement on Twitter, marking the second time the bridge has been made available for public testing. The Shibarium Bridge is a Layer 2 network designed to connect the Ethereum and Shiba Inu blockchains. Consequently, Shiba Inu users will be able to conduct transactions. Likewise, connecting the two networks will also allow users to transact without third parties or intermediaries. Reacting to the news, Shibarium gas token Bone ShibaSwap (BONE) recorded a significant increase in its price. Data from CoinMarketCap shows that the token has further added another 0.24% in the last 24 hou

Russia & India Make Huge Announcement on BRICS Currency

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BRICS members China and Russia are advancing to convince other developing countries to ditch the U.S. dollar for global trade. The two countries are extensively promoting the usage of the Chinese Yuan to settle cross-border transactions. They’ve been successful in their quest as India, Pakistan, France, and several other countries paid in the Chinese Yuan. Also Read: BRICS: 22 Countries Open Accounts to Trade In Rupee, Ditch US Dollar The BRICS alliance was looking to create a new currency to challenge the U.S. dollar’s global reserve status. The bloc took a U-turn a month ahead of the summit and announced that the formation of a new currency will not be discussed in August. BRICS member India was the first to indicate this month that it would not take part in the currency formation. Russia ’s Central Bank Governor Elvira Nabiullina also spoke about the BRICS currency saying its launch is not feasible at the moment. BRICS: India & Russia Step Back From the Formation

Jack Dorsey, Michael Saylor Ask Bitcoin Lightning On Coinbase, Solana Founder Disagrees

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Bitcoin Lightning Support on Coinbase After recent efforts for clear crypto regulations, Brian Armstrong on July 27 said the next step for crypto is making crypto payments instant and free globally. The community needs to speed up getting Layer 2 integration, better on-ramps, and simplify crypto onboarding to aim for making payments under 1 cent and settling under 1 second. He hints are using USTC stablecoins for transactions. advertisement “Today, crypto has the *potential* to improve global payments infrastructure, but it hasn’t yet delivered on that promise as we’re largely still stuck on layer 1. Payments are like water, they flow to the path of least resistance.” Jack Dorsey and Michael Saylor recommend integrating Bitcoin Lightning Network on Coinbase for faster payments and better infrastructure. Solana co-founder Anatoly Yakovenko argues that USDC on Solana is cheaper than Bitcoin Lightning Network , with an average confirmation time of just 1.3 sec

Robinhood Hires a New UK CEO in Its Third Attempt to Launch Abroad

Robinhood hired Jordan Sinclair as the CEO for its UK new expansion. This is the third time Robinhood plans to launch in the UK. It’s not clear whether the application will allow cryptocurrency trading in the UK as it needs to be registered with FCA. Robinhood has recently hired Jordan Dane Sinclair for the position of CEO for its UK expansion which is planned to take place by the end of this year. This is Robinhood’s latest attempt to launch in the UK. Before joining Robinhood, Sinclair was a managing director at Freetrade, an investment company in London. Robinhood, the US stock trading application, has attempted to launch in the UK twice before. In 2019, Robinhood secured a license from the Financial Conduct Authority and encouraged people to sign up for a waitlist for the UK platform ahead of the full launch. Moreover, the company had plans to acquire London-based crypto trading firm Ziglu. However, the company’s previous UK expansion was canceled in

Investors Move Their Bitcoin to Self Custody Despite Price Drop

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Despite this weakness in the BTC price, some on-chain indicators point out the bullishness going ahead. Even with the Bitcoin price dropping under $30,000, more and more Bitcoin s are moving off the exchange and into self-custody. The BTC supply at exchanges has currently dropped to a 5-year low. On-chain data provider Santiment explains: advertisement Bitcoin ’s supply on exchanges continues to move into self custody, and the drop below $30k last week hasn’t triggered severe reactions that would indicate #FUD or more upcoming sell-offs. The 1.17M $BTC on exchanges is the least amount since Nov, 2018. Courtesy: Santiment Santiment further explains that despite Bitcoin ’s recent drop to $29.2k at the beginning of the week, it is still trading within the familiar price range of $28.0k to $31.8k. This range has been surprisingly narrow for an asset that typically experienced much more significant fluctuations between 2020 and 2022. Currently, there seem