Archive for the ‘Cryptocurrency’ Category

Cryptocurrency Stacks Rises More Than 6% In 24 hours – Benzinga

Over the past 24 hours, Stacks's STX/USD price has risen 6.33% to $1.22. This continues its positive trend over the past week where it has experienced a 28.0% gain, moving from $0.88 to its current price. As it stands right now, the coin's all-time high is $3.39.

The chart below compares the price movement and volatility for Stacks over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has fallen 77.0% over the past week, moving in tandem, directionally, with the overall circulating supply of the coin, which has decreased 0.68%. This brings the circulating supply to 1.37 billion, which makes up an estimated 75.21% of its max supply of 1.82 billion. According to our data, the current market cap ranking for STX is #38 at $1.72 billion.

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Cryptocurrency Stacks Rises More Than 6% In 24 hours - Benzinga

Exploring the Growing Popularity of Cryptocurrency Payments in the … – Euro Weekly News

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The iGaming Industry has experienced a significant surge in popularity thanks to the integration of cryptocurrencies into payment methods. Cryptocurrency payments provide greater security and anonymity and eliminate the need for intermediaries like banks, credit card companies, or payment gateways. The absence of intermediaries allows for reduced transaction fees, making crypto payments faster and more efficient than traditional methods.

For instance, a study by Mordor Intelligence has projected the global online gambling sector to grow by an annual compound growth rate (CAGR) of 11.5% from 2018 to 2028. This growth can be partly attributed to the implementation of cryptocurrencies in the iGaming sector.

Cryptocurrency payments offer increased security and privacy measures compared to traditional payment methods. Transactions are secured through cryptography, ensuring that players funds and personal information remain safe from cyber threats. Additionally, crypto transactions are more cost-effective as they bypass the fees associated with traditional payment processing. It allows iGaming companies to offer better bonuses, promotions, and lower house edges, enhancing the overall gaming experience for users.

The integration of cryptocurrencies in iGaming has led to a shift in user experience. Crypto transactions provide a layer of anonymity not available with traditional payment methods, as they do not require players to share sensitive personal information. The added anonymity may encourage responsible gaming and reduce disputes between players and operators. For example, Cloudbet offers a completely anonymous gaming experience, requiring only an email address and a Bitcoin wallet to get started.

The use of blockchain technology can revolutionise the iGaming industry by making it more secure and efficient. Thanks to its decentralised nature, it offers faster and more transparent transactions with heightened security. Smart contracts can also be used to ensure fair play in games, with the blockchain automatically executing contracts based on pre-set conditions.

In 2018, FunFair Technologies launched the first blockchain-powered casino platform, demonstrating the potential of blockchain technology in the iGaming sector. This platform offers unparalleled transparency and security to both players and operators.

The unique features of cryptocurrencies, such as lower fees, increased privacy, and pseudonymous identities, make them an attractive option for players. Offering zero-fee cryptocurrency payments can help players maximise profits while enjoying their favorite games. For example, Edgeless, an Ethereum-based casino, offers players fun playing blackjack online, poker, and zero-house edge games, allowing players to enjoy a fair gaming experience with minimal fees.

iGaming operators are increasingly investing in new technologies like blockchain and fraud-detection systems to protect their customers and businesses. Blockchains transparent nature allows operators to identify and prevent fraudulent transactions, ensuring a safe gaming environment for all parties involved.

In 2020, DAOBet, a blockchain-based iGaming platform, introduced advanced security measures, including random number generation and a decentralised affiliate system, to protect its users and maintain a secure gaming ecosystem.

The integration of cryptocurrencies into the iGaming industry has brought numerous benefits, making them an indispensable part of this rapidly growing sector. Crypto payments offer quicker, more cost-effective, and more secure transactions, promoting responsible gambling and minimising overspending. Blockchain technology has the potential to strengthen security protocols and boost gaming performance. As the iGaming industry continues to evolve, embracing the power of cryptocurrencies and blockchain technology will shape the future of online gaming, drawing in more players, offering better prizes and benefits, and fostering innovation in the sector.

By leveraging the advantages of cryptocurrencies and blockchain technology, the iGaming industry can continue to grow and adapt to the ever-changing landscape of online entertainment. As more players become familiar with the benefits of crypto payments and blockchain-based gaming platforms, the iGaming industry will continue to push the boundaries of innovation, making it more accessible, secure, and enjoyable for all.

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WARNING: The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost

AVISO IMPORTANTE: La inversin en criptoactivos no est regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido

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Exploring the Growing Popularity of Cryptocurrency Payments in the ... - Euro Weekly News

How to Earn Free Cryptocurrency in 2023? – CoinCodex

Finding a way to earn free cryptocurrency is understandably something that many cryptocurrency investors are interested in. While there are ways of getting cryptocurrency for free, you shouldnt expect major returns without taking on any risks.

In this article, well show you how to earn free crypto in different ways. Well cover cryptocurrency faucets and airdrops, which are the main methods of getting crypto for free. Well also highlight some related ways of earning cryptocurrency by staking your crypto or depositing it in various crypto passive income products.

Faucets are a somewhat old-school way of getting free crypto instantly. Cryptocurrency faucets were first created by Bitcoiners who wanted to grow the Bitcoin community by giving away small amounts of BTC for free.

A cryptocurrency faucet is a website where you can input your crypto address and receive a small amount of crypto. Usually, you will have to solve a CAPTCHA or a similar test first to prevent spamming.

A crypto faucet is the most no strings attached way to earn crypto for free. However, you have to keep in mind that faucets typically only distribute tiny amounts of cryptocurrency, so dont expect to make any meaningful profits. Faucets are mostly just a way to try out the technology and make a few test transactions to see how the cryptocurrency works.

Also, its important to understand that there are no faucets for some cryptocurrencies. However, if youre interested in getting some testnet coins, you will usually be able to find a faucet for any cryptocurrency. On CoinCodex, we provide guides for using a BNB faucet, a Solana faucet and a Dogecoin faucet.

Airdrops are a popular way for cryptocurrency projects to promote themselves and distribute coins to a broader community of users. A cryptocurrency airdrop is when you receive some cryptocurrency in your wallet for no additional cost.

If you want to learn how you can find cryptocurrency airdrops, check out our list of the 5 best sites for free crypto airdrops.

In some cases, a cryptocurrency project will announce an airdrop ahead of time and allow interested participants to submit the wallet address they would like to use to receive the airdrop. Sometimes, such airdrops can come with some strings attached. For example, users might be required to promote the project on their social media accounts before they become eligible for the airdrop.

In other cases, projects will choose a set of criteria to determine which users will receive an airdrop. The most common example of this are retroactive airdrops, where users of a decentralized application or blockchain platform are rewarded with tokens.

A popular example of a retroactive airdrop is Uniswap. When the Uniswap decentralized exchange launched, the UNI token did not exist. When the Uniswap project decided to launch the UNI token in 2020, they airdropped UNI tokens to everyone who used the Uniswap decentralized exchange in the past. Examples of other notable projects that have conducted retroactive airdrops are dYdX, 1inch and Optimism. More recently, the Arbitrum airdrop was announced for past users of the Arbitrum layer 2 scaling solution for Ethereum.

You can use this knowledge to make yourself eligible for potential future airdrops. If you find a cryptocurrency project such as a decentralized exchange, lending protocol or layer 2 solution that doesnt have its own token, it might be worth it to use the product so that you build up a history of on-chain activity related to the product. If the project decides to launch a token later on, you could become eligible for an airdrop based on your past use of the protocol.

If you want to get cryptocurrency completely for free while taking on minimal risks, the only realistic options are faucets or airdrops.

Theoretically, it is of course also possible to receive cryptocurrency as a gift, but we recommend extreme caution if an unknown person you meet online is offering to send you cryptocurrency for free.

In almost all cases, this involves some kind of scamthey will either ask you to send them some cryptocurrency first, or will attempt to steal your cryptocurrency in some other way. If youre approached by someone that is offering you cryptocurrency, we recommend that you dont accept their offer and ignore them. Remember, if something seems too good to be true, it probably is.

If you want to grow your cryptocurrency holdings without spending money, you will practically always have to take on some amount of risk. Theres two main ways you can do itcryptocurrency staking and passive income products.

There are two main approaches to securing a cryptocurrency network Proof-of-Work and Proof-of-Stake.

In Proof-of-Work cryptocurrencies, miners deploy computers that solve computationally intensive problems, and the first one to arrive at the correct solution has the right to add the latest block to the blockchain and receive a reward.

In Proof-of-Stake cryptocurrencies, validators put their cryptocurrency at stake. If they are selected to add the next validator to the blockchain, they must do so in accordance with the rules of that particular cryptocurrencys protocol. If they do so successfully, they receive some cryptocurrency in return. If they are found to be breaking the rules, they are penalized by having a portion or the entirety of their stake taken away.

Earlier cryptocurrencies were almost exclusively using Proof-of-Work, but were now seeing a significant growth in Proof-of-Stake cryptocurrencies. Examples of Proof-of-Stake cryptocurrencies include Ethereum, Cardano, Solana, Polkadot and Avalanche.

In many Proof-of-Stake cryptocurrencies, you can choose to run your own validator or delegate your coins to another validator to receive a portion of the rewards earned by that validator.

If you hold a Proof-of-Stake cryptocurrency and dont intend to sell it in the short term, you should seriously consider staking your coins. Theres two main benefits of staking. The first benefit of staking is that you will receive crypto rewards in exchange for staking your coins. The second benefit is that by staking your coins, you contribute to the security and decentralization of your cryptocurrency of choice.

Some cryptocurrency exchanges offer cryptocurrency staking products where they stake customers crypto on their behalf. However, you can also stake most Proof-of-Stake cryptocurrencies directly from your crypto wallet.

Some cryptocurrency businesses offer crypto passive income products where you can deposit your cryptocurrency and earn interest on the deposit. In most cases, the interest is earned by lending the cryptocurrency to third parties.

Crypto passive income products are typically offered by crypto exchanges, but there are also businesses that specialize in such products.

As far as exchanges are concerned, one of the most popular examples is Binance, which offers the Binance Earn suite of products for earning crypto yield. On Binance, you can choose between flexible and locked products. The interest rate offered will vary depending on multiple factors, including the cryptocurrency youre depositing, the duration of the deposit, and more.

If youre using flexible products, you can withdraw your deposit at any time and collect the interest you have earned so far. If youre using locked products, you can only earn interest if you keep the deposit locked for a specified period of time.

Its important to keep in mind that crypto passive income products are not risk-free. Many crypto lending businesses such as Celsius, BlockFi and Voyager, which offered such products, collapsed in 2022 due to poor risk management practices. Users who deposited funds with these businesses now have their funds stuck (or lost) and need to wait for the outcome of complicated bankruptcy proceedings.

So, before choosing to deposit your cryptocurrency into such products, its important to conduct your own research on the business youre looking to use.

If youre investing in crypto, theres ways to get some extra coins for free or by taking minimal risks. The most common ways of getting free crypto are faucets or airdrops, but you shouldnt expect to make big profits in this way. If you hold a Proof-of-Stake cryptocurrency, consider staking your coins to earn rewards passively while helping contribute to the cryptocurrencys decentralization.

Theres also riskier ways of getting crypto for free. This would include various cryptocurrency lending products, which are offered by businesses such as exchanges. These products pay interest to users who deposit their cryptocurrency. Such products are riskier because you need to trust the business to handle your cryptocurrency responsibly and apply proper risk management properties.

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How to Earn Free Cryptocurrency in 2023? - CoinCodex

Cryptocurrency roundup for March 23: New Bill introduced by Ted Cruz, XRP Trading volume reaches $5… – Moneycontrol

Ted Cruz Bill Aims to Block Fed from Creating CBDC, Citing Financial Privacy and Innovation

> The bill, cosponsored by Senators Braun (R-Ind.) and Grassley (R-Iowa), seeks to prevent the federal government from using a CBDC as a financial surveillance tool.

> The move comes as countries like China develop CBDCs that lack the benefits and protections of cash, as well as the control and security of existing digital cryptocurrencies.

> The proposed legislation emphasizes the importance of protecting financial privacy, maintaining the dollar's dominance, and fostering innovation in the United States' digital currency policy. Details here.

Crypto exchange Bitget acquires controlling stake in crypto wallet provider Bitkeep

> According to a statement from Bitget, the acquisition is an important move that will allow the company to expand its business territory to the wallet sector, providing native storage and asset management services.

> The controlling stake is well above 51%, but the specific stake percentage and how much Bitget has previously invested in BitKeep remain undisclosed.

> However, Bitget's managing director Gracy Chen noted that the company invested in BitKeep in 2021 and 2022 without making the information public. More here.

XRP Tokens Surge Over 20% on Reports of Ripple Winning Landmark Case Against SEC

> XRP is currently trading at 45 cents with trading volumes of over $5 billion, and some traders have been caught offside, with over $17 million worth of xrp-tracked futures liquidated in a higher-than-usual figure, according to Coinglass data.

> Ripple made a new filing this week in support of its fair notice defense, referencing rulings on SEC objections in the Voyager Digital Holdings bankruptcy case.

> The basis for Judge Wiles rejecting the SEC objections endorsed many of the arguments presented by Ripple defendants in the filing. Full report here.

Luno Prepares for Future Public Listing, Promotes Top Executives to Boost Growth

Luno, a cryptocurrency exchange, has taken steps to boost growth and prepare for a future public listing, according to a press release shared with CoinDesk.

> The company has promoted its top two executives, with CEO Marcus Swanepoel taking on a new role as executive chairman and COO James Lanigan being promoted to CEO.

> Swanepoel expressed his excitement for the next chapter of the company's journey as they continue to put the power of crypto in everyone's hands.

> In December, Luno's co-founder and chief technology officer, Timothy Stranex, left the company to pursue personal projects.

> To finance growth, facilitate expansion, expedite market share acquisition, and prepare for a future public listing, Luno has hired Canaccord Genuity Group to attract new institutional and strategic investors. Details here.

Australian Banks to Report Exposure to Crypto Startups to Prudential Regulation Authority on a Daily Basis

> As an independent authority accountable to the Australian Parliament, APRA is responsible for maintaining the safety and soundness of financial institutions to protect the interests of depositors and other stakeholders.

> In the wake of recent collapses of crypto banks, APRA has requested that banks improve their reporting around crypto assets to gain more insight into exposures and vulnerabilities in the system. Full report here.

U.S. Senators Warren and Wyden Slam Auditors for "Sham" Crypto Audits

> The senators expressed their concerns about the role of shady audits in providing crypto firms with an illusion of financial stability.

> In a letter addressed to PCAOB chair Erica Williams, Warren, and Wyden referred to the limited audits conducted by PCAOB-registered firms Prager Metis and Armanino for the bankrupt crypto exchange FTX before its collapse.

> The senators stated that the use of these sham audits misleads the public and poses a threat to the integrity of the auditing system. More here.

Crypto Influencer Ben Armstrong Accused of Harassing Lawyers in FTX Lawsuit

> The lawsuit claims that Armstrong and other FTX influencers promoted the FTX crypto fraud without disclosing compensation.

> The class-action suit seeks $1 billion in damages. The filing stated that Armstrong began harassing the lawyers with endless phone calls, tweets, and emails after the suit was filed, leaving voicemails that were full of vulgarities and specifically targeted the lawyers.

> The voicemails included alleged threats to Adam Moskowitz, one of the lawyers involved in the class-action suit, such as "we're going to have First Amendment protesters around your house 24/7 day and night." Details here.

SEC Issues Wells Notice to Coinbase over Potential Violations

> In a regulatory filing, Coinbase revealed that the notice relates to its spot market, staking service Coinbase Earn, Coinbase Prime, and Coinbase Wallet and that the SEC could seek "injunctive relief, disgorgement, and civil penalties."

> A Wells notice is a warning that the SEC is considering bringing an enforcement action against a company.

> Coinbase described the investigation as "cursory" and said the notice provided "relatively little information" about the alleged violations.

> However, the exchange's services will continue to operate as usual until any legal process has been resolved. Full report here.

SEC Charges Justin Sun with Fraud and Unregistered Securities Offering, Tron Token Falls

> The SEC has accused Sun of offering and selling unregistered crypto asset securities and fraudulently manipulating TRX's secondary market through wash trading.

> As a result, other assets related to Sun, including Sun token (SUN), just (JST), and Huobi (HT), have also experienced drops ranging from 8% to 10%.

> Despite having a total supply of 91.15 billion, Tron's market capitalization now stands at $5.47 billion, with a 24-hour trading volume of approximately $421 million. Details here

Bitcoin Drops Below $27k as Fed Dashes Hopes of End to Hawkish Interest Rate Increases

> The SEC has accused Sun of offering and selling unregistered crypto asset securities and fraudulently manipulating TRX's secondary market through wash trading.

> As a result, other assets related to Sun, including Sun token (SUN), just (JST), and Huobi (HT), have also experienced drops ranging from 8% to 10%.

> Despite having a total supply of 91.15 billion, Tron's market capitalization now stands at $5.47 billion, with a 24-hour trading volume of approximately $421 million. Details here

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Cryptocurrency roundup for March 23: New Bill introduced by Ted Cruz, XRP Trading volume reaches $5... - Moneycontrol

Cryptocurrency Chainlink’s Price Increased More Than 4% Within 24 … – Benzinga

Over the past 24 hours, Chainlink's LINK/USD price has risen 4.18% to $7.62. This continues its positive trend over the past week where it has experienced a 14.0% gain, moving from $6.74 to its current price. As it stands right now, the coin's all-time high is $52.70.

The chart below compares the price movement and volatility for Chainlink over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

Chainlink's trading volume has climbed 22.0% over the past week along with the circulating supply of the coin, which has increased 0.34%. This brings the circulating supply to 491.60 million, which makes up an estimated 49.16% of its max supply of 1.00 billion. According to our data, the current market cap ranking for LINK is #21 at $3.79 billion.

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2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Cryptocurrency Chainlink's Price Increased More Than 4% Within 24 ... - Benzinga