Archive for the ‘Cryptocurrency’ Category

Cryptocurrency Price Today: Bitcoin, Ethereum Appear Stable Lido DAO Becomes Top Gainer – ABP Live

Bitcoin (BTC), the worlds oldest and most popular cryptocurrency, appeared to be stable within the $27,000 range early Tuesday. Ethereum (ETH), on the other hand, dwelled within the $1,800 range over the past 24 hours. Other popular altcoins including the likes of Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) saw mix of minor gains and losses. The Lido DAO (LDO) token emerged to be the biggest gainer of the lot, with a 24-hour jump of over 6 percent. Huobi Token (HT) turned out to be the biggest loser, with a 24-hour dip of over 6 percent.

The global crypto market cap stood at $1.13 trillion at the time of writing, registering a 24-hour dip of 0.43 percent.

Bitcoin price stood at $27,114.62, registering a 24-hour loss of 0.33 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 23.50 lakh.

ETH price stood at $1,812.59, marking a 24-hour dip of 0.68 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.57 lakh.

DOGE registered a 24-hour loss of 1.38 percent, as per CoinMarketCap data, currently priced at $0.07174. As per WazirX, Dogecoin price in India stood at Rs 6.36.

Litecoin saw a 24-hour gain of 2.37 percent. At the time of writing, it was trading at $87.41. LTC price in India stood at Rs 7,685.

XRP price stood at $0.4246, seeing a 24-hour dip of 0.78 percent. As per WazirX, Ripple price stood at Rs 36.60.

Solana price stood at $20.87, marking a 24-hour loss of 1.62 percent. As per WazirX, SOL price in India stood at Rs 1,869.99.

As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

Lido DAO (LDO)

Price: $2.1024-hour loss: 6.89 percent

BitDAO (BIT)

Price: $0.513624-hour loss: 4.81 percent

The Graph (GRT)

Price: $0.121924-hour loss: 3.19 percent

Conflux (CFX)

Price: $0.286224-hour loss: 3.03 percent

Frax Share (FXS)

Price: $7.0124-hour loss: 2.81 percent

As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:

Huobi Token (HT)

Price: $2.7824-hour loss: 6.45 percent

Klaytn (KLAY)

Price: $0.167624-hour loss: 4.55 percent

XDC Network (XDC)

Price: $0.032724-hour loss: 3.42 percent

Sui (SUI)

Price: $1.1824-hour loss: 2.96 percent

Rocket Pool (RPL)

Price: $51.2024-hour loss: 2.92 percent

Mudrex co-founder and CEO Edul Patel told ABP Live, In the past 24 hours, Bitcoin traded around the $27,000 mark with investors considering liquidity concerns. During this period, BTC faced difficulty in surpassing the $27,500 threshold and began a corrective downward trend. The continuation of this downward movement may persist if BTC fails to maintain its current position. Concurrently, Ethereum followed a similar pattern, declining by 1 percent over the preceding day and is presently being traded at approximately $1,800, following the suit of BTC.

WazirX Vice President Rajagopal Menon said, Bitcoin surpassed $27,000 at the start of the week. The forthcoming debt ceiling talks may determine whether investors view BTC as a safe-haven asset amid regulatory uncertainty. BTC is currently stable, but a risk-averse scenario could lead to selling pressure. Liquidity issues and regulatory ambiguity have caused market makers to retreat from Crypto trading. On WazirX, dYdX (DYDX) and Smooth Love Potion (SLP) have been the top gainers in the last 24 hours.

Sathvik Vishwanath, CEO and co-founder of Unocoin said, ETH/BTC trading pair has become more volatile than before. Interestingly, the current price of ETH/BTC is about the same as it was 18 months ago when the correlation was last at this level, around 0.066 BTC per ETH. There is speculation that the price of Bitcoin could reach $28,000 if it manages to overcome the resistance at $27,000, but it is important to note that significant resistance is expected around $28,700. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) both indicate a buying zone, increasing the likelihood of an uptrend beyond $26,700. On the other hand, if Bitcoin falls below $26,000, the next support levels are expected at $25,900 or even lower, possibly as low as $25,000.

Shivam Thakral, the CEO of BuyUCoin, said, The crypto market remained calm over the last 24 hours with BTC within the range of $27,000. ETH, the second largest digital asset rose by close to 1 percent and is changing hands at $1,812. The crypto market sentiment looks positive but if users go for de-risking then we may see some selling pressure on BTC and other crypto assets in the coming weeks.

CoinDCX Research Team told ABP Live, Bitcoin was trading at about $27,460, up by 2 percent over the past 24 hours with signs of resilience as it surged past the $27,000 mark. One notable indicator of potential upward momentum for the world's leading crypto asset is the decline in the Stablecoin Supply Ratio (SSR), which has dropped approximately 11 percent in the past 11 days. The SSR is a key metric used to gauge buying pressure in the market, with lower values suggesting increased buying power. These developments bode well for Bitcoin's price trajectory, potentially pushing it higher in the near term.

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.

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Cryptocurrency Price Today: Bitcoin, Ethereum Appear Stable Lido DAO Becomes Top Gainer - ABP Live

Twitter Transformation: Cryptocurrency and Future Prospects – BeInCrypto

In the dynamic world of social media, the winds of change are blowing once again, this time from an unexpected direction. Twitter, the troubled microblogging platform, is on the cusp of a transformation, and at the helm are two visionaries: Elon Musk, the tech mogul known for pushing boundaries, and Linda Yaccarino, an advertising powerhouse with a reputation for navigating change.

As Twitter embarks on a transformative journey, lets delve into the implications of this leadership transition and what it means for the future of the platform.

Twitter, under Musk, has always been a platform in flux. However, this latest leadership change hints at something more profound than ever before. Musk, retaining the roles of CTO and executive chairman, plans to oversee a transformation that could change the social media landscape.

The incoming CEO, Linda Yaccarino, is no stranger to upheaval. A veteran of the advertising industry, she has witnessed the evolution of media first-hand. Yet, this new challenge could be her most formidable yet. Shes not just dealing with a change of leadership, but a change of direction.

Musks fondness for digital currencies is well-documented, and his vision for Twitter suggests a fusion between social media and crypto is imminent. His proposed everything app, cryptically named X, aims to blend social interaction and financial transactions.

The integration of Dogecoin, Bitcoin, or Shiba Inu into Twitters infrastructure could be transformative, altering the platforms user base and business model. Even more intriguing, the prospect of Twitter launching its own cryptocurrency is not outside the realm of possibility.

Linda Yaccarino, a name thats about to become a household one, stands at the precipice of a transformation. As the newly announced CEO of Twitter, she must navigate the shift to a crypto-centric platform. But who is she, and why has she been chosen to steer this ship through potentially stormy waters?

With a career spanning over three decades, Yaccarino is a veteran of the world of media and advertising. Before her appointment at Twitter, she held the position of Chairman of Advertising and Partnerships at NBCUniversal.

There, she oversaw some $10 billion in annual revenue and was responsible for national advertising sales and marketing for the companys portfolio of broadcast, cable, and digital assets.

Her expertise in the advertising industry is solid. Shes known for her ability to anticipate market trends, leverage new technologies, and forge strategic partnerships, leading NBCUniversal to record profits during her tenure.

Taking the helm at Twitter, however, means facing challenges unlike any she has encountered before. Yaccarino must not only manage the expectations and uncertainties of millions of users worldwide but also navigate the pitfalls and volatility of the crypto market.

Its a delicate balancing act, ensuring a seamless transition into a crypto-centric Twitter while retaining user trust and satisfaction. Dealing with the loose cannon that is Elon Musk represents a unique challenge as well.

Moreover, Yaccarino will need to liaise between various stakeholders, including advertisers, users, employees, and regulators. Each group will have their own perspectives and concerns about the transformation of Twitter. Managing these diverse interests will test Yaccarinos diplomatic and leadership skills.

However, if theres one thing Yaccarinos career has shown, its that shes adept at managing change. Her ability to guide Twitter through this transition could redefine the companys future trajectory.

Transitioning from Yaccarinos role at Twitter, lets delve into a real-world application that could serve as a blueprint for Musks vision. Its time to turn our attention eastward, to a juggernaut in the Chinese tech landscape, to better understand what Twitter might be aspiring to become.

WeChat, developed by Chinas tech titan Tencent, has revolutionized the concept of a mobile application. Often dubbed the super app, WeChat defies the traditional app boundaries, offering a suite of services that cater to almost every aspect of daily life.

From messaging and social media to payments, shopping, and even booking doctors appointments, WeChat serves as a one-stop digital hub for its over a billion users. Its integrated payment system, WeChat Pay, has transformed China into a nearly cashless society, making it an integral part of daily transactions.

Looking at Musks vision for Twitter, parallels can be drawn. The proposed X project embodies the same ethos as WeChatan all-encompassing platform. Musks plans to integrate cryptocurrency transactions could turn Twitter from a microblogging site into a full-blown communication and financial platform.

However, there are crucial differences. While WeChat primarily uses traditional fiat currencies for its transactions, Musks vision leans towards cryptocurrencies. This pivot could offer benefits such as decentralization and global accessibility but also brings its own set of challenges including price volatility and regulatory hurdles.

Furthermore, Twitters user base is fundamentally different. WeChats success hinges on its ubiquity in China, where it caters to a vast array of local services. On the other hand, Twitter has a more global and diverse audience with different expectations and needs.

Ultimately, while Musks vision of an everything app echoes WeChats model, the execution and reception of such a transformation would be uniquely influenced by Twitters existing audience, the global crypto landscape, and the regulatory environments of the countries in which it operates.

If realized, Musks vision could transform Twitter into a digital ecosystem impacting users lives. You might log into a global news feed, crypto-powered financial tools, and purchasable NFTs from influencers. Twitter spaces could become monetized with crypto, incentivizing interactions.

Amid these potential features, one could also envision a more personalized and engaging user experience. Your Twitter feed could be populated by not only text-based tweets but also richer forms of content such as mini podcasts, interactive polls, and augmented reality experiences.

The integration of cryptocurrencies might also mean that users from around the globe, even those without access to traditional banking systems, could participate in this new economy. This could democratize access to financial tools, aligning with the ethos of decentralization that cryptocurrencies embody.

However, this vision of a transformed Twitter is not without caveats. To successfully transform, Twitter must address issues of privacy, data security, and the volatility of cryptocurrencies. Furthermore, as weve seen with WeChat, the success of an everything app could depend heavily on the regulatory and cultural contexts in which it operates.

Twitter, once a simple platform for microblogging, now rests on the cusp of a radical transformation. Elon Musks vision of a crypto-centric, everything app promises a future where communication, finance, and everyday life converge in a single digital space. If successful, Twitter could redefine what it means to be a social media platform, setting a precedent for others to follow.

However, realizing this vision wont be simple. The appointment of Yaccarino, an accomplished advertising executive, as CEO signals a commitment to navigating the transition. Yet, the road ahead is fraught with pitfalls, including market volatility, user acceptance, and regulatory hurdles.

WeChats super app model hints at Twitters future, though unique global challenges await. Musks vision for Twitter could yield an engaging, empowering digital ecosystem through diverse financial tools and democratized access.

Yet, with the potential benefits come serious risks. As Twitter embarks on this journey of transformation, it will need to address pressing concerns including privacy, data security, and the inherent instability of cryptocurrencies.

Twitter stands at a crossroads, poised between tremendous opportunity and significant risk. The decisions of its leadership in the coming months will shape not only the future of Twitter. But potentially the landscape of social media as a whole.

As we watch this space, one thing is certain: the journey promises to be as intriguing as the destination.

Following the Trust Project guidelines, this feature article presents opinions and perspectives from industry experts or individuals. BeInCrypto is dedicated to transparent reporting, but the views expressed in this article do not necessarily reflect those of BeInCrypto or its staff. Readers should verify information independently and consult with a professional before making decisions based on this content.

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Twitter Transformation: Cryptocurrency and Future Prospects - BeInCrypto

DogeMiyagi, Avalanche and Cosmos: New Crypto coins setting new … – Euro Weekly News

Cryptocurrency is still a fresh concept that, one day, we want to apply to our everyday lives as the future of currency. Right now, we are constantly moulding cryptocurrency to be suitable for mass adoption. While the original cryptocurrencies, such as Bitcoin, Ethereum and Dogecoin provided the world with DeFi and anonymous tradingthey fell victim to the flaws of inefficient energy consumption or poor utility for the mass market.

Today, the emergence of new-age cryptocurrency has arrived, providing technology with an array of benefits and solving the problems past cryptocurrencies faced. Cosmos (ATOM), Avalanche (AVAX) and DogeMiyagi (MIYAGI) all have unique tech to offer on the table for the crypto community and beyond.

Cosmos (ATOM) is a cryptocurrency that facilitates communication and interoperability between blockchains. Interoperability is one of the biggest issues facing the blockchain industry, and Cosmos is poised to solve it. Cosmos aims to create an ecosystem where blockchains can communicate with each other, facilitating the exchange of assets and information.

Cosmos uses a unique Cosmos Hub technology to enable interoperability. The Cosmos Hub is a central clearinghouse, allowing for seamless communication between blockchains. With Cosmos, blockchains can be built independently, but they can still communicate with each other, making it easier for developers to build decentralised applications that can work across multiple blockchains.

Avalanche (AVAX) is another cryptocurrency gaining popularity due to its unique technology. Avalanche is a blockchain network that boasts lightning-fast transaction speeds and low transaction fees. The network can process up to 4,500 transactions per seconda vast improvement over the transaction speeds of other popular cryptocurrencies.

Avalanches consensus mechanism ensures that the network can process transactions quickly and efficiently, without compromising security. Avalanche can also be traded with Ethereum using Avalanche Bridge. Developers can easily build decentralised applications that can run on both Ethereum and Avalanche.

DogeMiyagi (MIYAGI) is a technically advanced meme coin that has gained immense popularity in the crypto community due to its innovative technology and unique features. It uses a proof-of-stake (PoS) algorithm that is energy efficient, unlike the proof-of-work (PoW) algorithm used by Bitcoin and many other cryptocurrencies. It has a wide range of features, including a decentralised exchange, staking, and a governance system that allows holders to vote on important decisions.

One of DogeMiyagis most remarkable features is the Killer Swap Machine, a decentralised exchange (DEX) that allows users to swap cryptocurrencies without intermediaries, providing a safe and secure way to trade assets. Another standout feature is the DogeMiyagi NFTs, unique digital assets that are designed to represent different aspects of the DogeMiyagi ecosystem, such as characters, tokens, and assets.

Overall, DogeMiyagi, Avalanche, and Cosmos are all great examples of how new-age cryptocurrencies are bringing innovative technology to the crypto space. While each has unique features and strengths, DogeMiyagis PoS algorithm, Killer Swap Machine, and NFTs make it a technically advanced meme coin worth considering for those looking to invest in the next generation of cryptocurrency.

Website: https://dogemiyagi.com

Twitter: https://twitter.com/_Dogemiyagi_

Telegram: https://t.me/dogemiyagi

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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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DogeMiyagi, Avalanche and Cosmos: New Crypto coins setting new ... - Euro Weekly News

State election officials fine Democratic Party of Oregon for cryptocurrency donation flap – Oregon Public Broadcasting

State election officials are fining the Democratic Party of Oregon a $15,000 late filing fee after the party changed the donor of a hefty campaign check.

The state also plans to monitor the Democratic Party of Oregons financial disclosures to ensure campaign finance laws are being followed in the future. The secretary of states office initially proposed fining the party $35,000 after a three-month investigation but lowered the amount.

While the financial penalties are significant, the most important part of the settlement are the numerous oversight requirements the DPO has agreed to, including spot checks by Elections Division investigators, to ensure compliance with all state campaign finance laws, Cheryl Myers, acting secretary of state said in a statement. In too many cases, people who violate campaign finance laws pay a fine and move on.

But if for some reason the DPO doesnt comply with the oversight requirements reached in the settlement, they could be on the hook to pay a larger fine up to $50,000.

The state was prompted to take a closer look at $500,000 contribution in question after The Oregonian/OregonLive reported the contribution was not actually from Prime Trust, which is how Democratic Party officials reported it on their campaign finance filings. Instead, Prime Trust was merely a pass-through and the donation really came from Nishad Singh, a former executive at the disgraced cryptocurrency exchange FTX.

The fine concludes the investigation into the state Democratic party, but officials are still looking into whether Singhs actions were a violation of the law.

We have closed the investigation into whether DPO reported a contribution under a false name, and we are focusing that investigation on Nishad Singh. This settlement allows the possibility of reopening an investigation into the DPO if new information comes to light, Myers said.

DPO Executive Director Brad Martin said in an email that the party chose to move forward with the settlement in order to eliminate distractions from its primary goal: electing Democrats.

The DPO accepts this settlement and welcomes todays closure of a case that boiled down to an individual lying about a donation and the DPO making the correct information available as soon as it learned about the donors lie, the statement read.

FTX, the exchange Singh worked for, has come under intense scrutiny amid charges its founder, Sam Bankman-Fried, defrauded investors.

Bankman-Fried and his associates are also face accusations they violated campaign finance laws by routing money through straw donors people who made contributions at FTX officials behest in order to avoid federal giving limits.

Its a felony to make a campaign contribution under a false name. Oregon has no campaign finance limits for state political races and causes, and Singh could have given the $500,000 to the state party in his own name.

State election officials are still conducting a preliminary investigation into whether the contribution was made using a false name.

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State election officials fine Democratic Party of Oregon for cryptocurrency donation flap - Oregon Public Broadcasting

US Secret Service to Host Reddit AMA on Cryptocurrency Crime … – Cryptonews

The San Francisco-based Secret Service and the Regional Enforcement Allied Computer Team (REACT) have teamed up to host an ask me anything (AMA) session on Reddit at 11 AM Pacific time today.

This joint initiative aims to educate cryptocurrency enthusiasts about recent crimes and provide them with valuable insights on how to avoid becoming victims.

Financial fraud and criminal schemes such as money laundering, phishing, and cyber attacks tend to go to where red-hot traction hovers, so it's no surprise that the crypto market is seeing a spike in related crime.

As detailed in the Chain Analysis Crypto Crime Report for 2022, the digital asset market recorded an all-time high of $20.6 billion worth of transactions.

To curb this skyrocketing defect from garnering momentum, the U.S. Secret Service and Regional Enforcement Allied Computer Team (REACT) have announced an "Ask Me Anything" session scheduled to kick off at 11 AM Pacific Time.

The host of the AMA session will be moderators on R/cryptocurrency, arguably the biggest crypto-centric forum with an astounding six million followers and a reputable engagement portal for fans, enthusiasts, traders, and investors globally.

The U.S. Secret Service and REACT strategic collaboration will engage and educate members of the R/cryptocurrency community on identifying crypto scams and avoiding related crimes.

Cyber security and digital forums identify the upcoming event as a significant measure in the fight against high surging scams and fraudulent activities in the crypto sphere.

The duo is the perfect group to head this event based on their prestige and commitment to fighting against financial crimes.

The San Francisco Secret Service chapter comprises special agents and analysts dedicated to keeping cryptocurrency users safe.

REACT, on the other hand, focuses on investigating tech-powered crimes to disrupt cybercriminal networks, identify threats, and share expertise to solve cyber fraud issues.

The importance of cryptocurrency is spreading like a bonfire as the digital sector strives to become an acknowledged and globally accepted legal tender.

As digital assets push through the global financial infrastructure, which both the Secret Service and REACT are mandated to secure, the two teams will provide resources, tips, and comprehensive education to protect crypto users from victims of scammers.

More so, members of the revered forum will have the opportunity to ask questions and get comprehensive answers that can be applied as daily safety measures while navigating the crypto market.

Financial regulators in the United States have scrutinized the development of the crypto industry ranging from traded securities and exchanges such as Binance, Coinbase, and Kraken.

Already, a series of lawsuits have been slammed against these digital asset entities as an additional step to protect investors from scams, colossal losses, and market manipulation.

Although popular regulators, including the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC), have installed frameworks to monitor and guide the crypto sector, there's still a stretch of potential yet to be amassed.

Financial experts believe these regulators can emulate the Secret Service and Regional Enforcement Allied Computer Team (REACT) by collaborating to host interactive events on forums.

This will enable crypto users to share ideas, get more familiar with the legal framework, and apply resources to identify suspicious assets and exchanges.

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US Secret Service to Host Reddit AMA on Cryptocurrency Crime ... - Cryptonews