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Celsius, a popular lending platform, has made significant moves in staking Ethereum (ETH) as they stake almost $1 billion worth of the cryptocurrency. According to the Blockchain intelligence company Arkham Intel, In the past 24 hours alone, Celsius has staked over $600 million worth of ETH, with no signs of slowing down. This represents a massive on-chain flow, and the rate of deposits continues to increase.
Celsius Goes All-In On ETH
Celsiu’s address was the largest withdrawer when Lido (LDO) opened withdrawals in mid-May, withdrawing over 400,000 ETH, worth $800 million. They held this ETH in the ‘Unstaking’ wallet for two weeks, declaring their intent to stake with institutional provider Figment instead.
Around 24 hours ago, Celsius separated the ETH from the unstaking wallet into two separate deposit wallets. One wallet is marked Celsius’s ETH2 Deposit wallet, while the other wallet is labelled “Staked ETH” and deposits to Figment. Celsius’s staking wallet has seen over $400 million worth of ETH inflows over the past 24 hours, with continual deposits made every few minutes.
Figment is a staking and infrastructure provider for blockchain networks, including Ethereum. The company provides institutional-grade staking infrastructure and tools for investors and companies looking to participate in the proof-of-stake (PoS) networks.
Furthermore, the infrastructure provider offers a range of staking services, including delegated staking, which allows investors to delegate their tokens to a validator node to generate rewards without having to run their own node. The company also provides a range of developer tools, APIs, and analytics to help users better understand and manage their staking activities.
Morevoer, the wallet provided to Celsius by Figment has seen over $215 million worth of ETH. In total, Celsius has deposited over $600 million worth of ETH, with the Celsius Staking wallet still holding over $150 million worth of ETH, and around $60 million worth of ETH left in the wallet they used to unstake from Lido.
This means that Celsius still has a significant amount of ETH that they can potentially stake with another provider or use for other purposes. It also highlights the confidence that Celsius has in the staking services provided by Figment, as they have entrusted them with a large amount of their ETH holdings.
Celsius’s move to stake such a large amount of ETH is a testament to the growing trend of staking in the crypto market. With more investors looking for ways to earn passive income on their holdings, staking is becoming an increasingly popular option. As more companies like Celsius enter the market, it can be expected to see even more growth in the staking sector in the coming months and years.
Ethereum Market Poised For Major Move
On the other hand, crypto analyst Jackis has recently shared insights on the current state of the Ethereum market, stating that there is potential for things to get exciting very soon. Despite the market remaining stagnant over the past few weeks, Jackis believes that Ethereum could be gearing up for a major move.
According to Jackis, Ethereum has broken out of its downtrend and has successfully retested the breakout demand. If the cryptocurrency manages to flip the $1,887 resistance level, then there could be nothing stopping it from retesting the yearly range high at $2030.
If Ethereum manages to reach and surpass this level, it could potentially continue to climb higher, possibly even reaching new yearly highs later down the line.
At the time of writing, Ethereum, the second-largest cryptocurrency by market capitalization, is trading at $1,905, which represents a 2% surge in the last 24 hours. It is yet to be seen if Ethereum can consolidate above this key level to breach the psychological barrier of $2,000 and continue its upward trend.
Featured image from Unsplash, chart from TradingView.com
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Meme coins are all the rage, and now it appears one based on the infamous image of Pepe the Frog is making waves in the crypto industry and witnessing price hikes like no other in its category.
Pepe the Frog Is Now a Currency!
Meme coins have always been extremely popular. One of the biggest ones – Dogecoin – was initially created as a joke. It was literally built to make fun of the crypto arena and all those that sought to utilize its offerings or that had any respect for it. By some odd chance of fate, the currency has literally become one of the biggest digital currencies out there. It presently boasts a market cap that exceeds $1 billion and has been the subject of heavy praise from Elon Musk.
Dogecoin spawned other assets such as the Shiba Inu coin. The Shiba Inu dog long served as the cute little mascot for the parent digital asset Doge, and it wasn’t long before a spinoff of sorts was conceived in the Shiba Inu currency, which has also long been loved amongst crypto fans.
But Pepe the Frog appears to be on an entirely different playing field. At the time of writing, the currency is shooting up in price by a whopping 21,000 percent, and this is a currency that was only launched a few weekends ago. It now sits as the sixth-largest meme currency by market cap, which at press time, exceeds $150 million.
In a recent report, crypto research company Messari explained:
Meme coins are once again polarizing the crypto world. A new project, Pepe, has amassed a $100 million market cap in less than one week. Similar to previous meme coin price surges, Pepe has generated eye-popping returns for its early investors.
Pepe the Frog has been adopted by a wide array of online communities. The image has a circulation of about 420.69 trillion, though it’s not without controversy. The meme currency, for example, comes with a warning on sites like Coinmarketcap.com, which says traders should “exercise caution” if they choose to purchase or trade the asset.
The Messari report also said that while the currency may presently be doing well on paper, it doesn’t feel like it has any real future as a method of payment or as an actual digital token. Right now, the liquidity pool for the meme coin sits at a mere $3 million. Compare this with Ethereum, for example, whose daily trading volume is just shy of $800 million.
Try to Be Careful
The report said:
One of the earliest buyers has turned a 0.125 Ethereum purchase into close to $2 million on-chain. However, since this individual owns 1.4 percent of the total supply, they will not be able to realize these returns without crashing the market.
The post New Pepe the Frog Meme Currency Is Exploding in Price appeared first on Live Bitcoin News.
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What is cryptocurrency investment?
Cryptocurrency investment in its most basic form is the process of buying digital currencies and holding them in the hope that the market falls in your favour while your portfolio increases in value.
The value of a cryptocurrency is determined by the principle of supply and demand. As demand for a cryptocurrency, coin or token rises, there becomes fewer of them in circulation — resulting in a boom in price action. If the supply of coins outpaces demand for them, their value typically falls.
There are several indicators that might draw an investor towards a particular cryptocurrency. Some investors and traders choose which cryptocurrencies to invest in by conducting a technical analysis of a range of coins.
An investor might have certain criteria that need to be met to invest. For example, cryptocurrencies that are in an overall uptrend, are showing positive signs of adoption and have a durable, scalable blockchain interface are more desirable than those that don’t.
Common types of crypto investing
There are many ways to invest in cryptocurrency, besides directly purchasing coins or tokens through an exchange.
Some of the common types of crypto investing include:
Investing in crypto-oriented or pro-crypto companies — As the prices of cryptocurrencies soar, so does the stock price in companies that form their business around them. Companies that are able to integrate cryptocurrency blockchain networks into their service offering can prove profitable as cryptocurrency use becomes more widespread.
Investing in crypto-heavy funds — Crypto funds typically carry less risks than committing capital to one specific cryptocurrency. As some cryptocurrencies bull and others bear (decrease or increase), fund holders can still benefit from having their losses hedged by their gains — making them attractive to more risk-averse investors.
Buy crypto EFTs on a brokerage platform — Similar to crypto funds, EFTs can also be a great way diversify a portfolio without committing large amounts of capital. The price of an EFT is determined by the price action of a group of coins or tokens rather than just one — making it a safer option for novice investors.
Incorporate cryptocurrency into your Roth IRA or 401K — More and more brokerages and investing platforms are allowing cryptocurrency allocations to be held in an IRA or 401K account. For example, Fidelity is unveiling plans to allow users to dedicate 20% of their 401k holding to cryptocurrencies — allowing investors to diversify their 401k.
What do I need to know before investing in cryptocurrency?
Before plunging into the world of cryptocurrencies, there are a few things to consider:
Cryptocurrencies are unregulated and decentralized — Despite being one of the allures that draw investors towards cryptocurrencies, their decentralization can make them potentially dangerous. The threat of scams and fraud can make it a risky asset to hold.
They’re known for huge fluctuations in price action — Bitcoin, Ethereum and many other altcoins are extremely volatile. Because their price is determined largely by hype and speculation from coin makers and blockchain developers, it’s difficult for investors to gauge the long-term profitability of cryptocurrency investments.
Exercise caution when dealing with ICOs — Similarly to how companies have an initial public offering (IPO) for their stock price when they first go public, emerging cryptocurrencies start out the same way — offering what’s known as an initial coin offering (ICO). Investors must be wary of these as they’re known for their limited transparency when it comes to development progress, user adoption and potential issues, so investors may risk buying into pump and dump schemes.
Only invest amounts you’re comfortable losing — Because of their inherent volatility — and lack of data to support consistent long-term growth potential — it’s important investors only invest small portions of their portfolio into cryptocurrency when starting out.
Protect your private key — If you’re using a cold or hot wallet to store your cryptocurrency, you’ll need a private key – an alphanumeric code that acts as a password. Protecting this key is paramount to guarding your investments as criminals can steal it and walk away with your assets.
Choose the best coin exchange, broker or wallet to suit you — Whether you’re a long-term or short-term investor — or even a day-trader – selecting a broker or exchange that works best for your needs is essential. Investors must consider the features of the site — like what currencies are available, what you can buy and sell and leverage options — as well as transactional costs that are more suited to their investment style.
What do I need to invest in cryptocurrency?
Investing in crypto is simple and easy to do. All you need is some liquid capital — in the form of a fiat currency like dollars or pound sterling — and an account with a broker or crypto exchange.
To get started, you need to:
Choose a broker or exchange that best suits you — this might mean selecting one with an easy-to-use interface if you’re just starting out.
Create your account, verify your details and link it to your bank account.
Deposit the amount of fiat currency you’re willing to invest/risk.
After having assessed the market for a cryptocurrency that has taken your interest, place an order to purchases some, select the amount you’d like to invest and confirm the order.
Store your cryptocurrency — you can do so in:
Hot wallets — Usually on portable devices like laptops and phones, hot wallets are constantly connected to the internet. Although they boast the convenience of always being connected, they’re an easier target for hackers.
Cold wallets — These wallets are disconnected storage units that hold your cryptocurrency once it’s been procured. Because they’re disconnected, they’re only at risk when they connect, giving hackers a limited window of opportunity.
The brokerage account — If you don’t mind keeping portfolios separate, you can just store your entire cryptocurrency holding within your brokerage account.
However, before committing funds to cryptocurrency investments. It’s important to study the fundamentals of investing to limit the risks.
Pros & cons of investing in cryptocurrency
There are many advantages and disadvantages to investing in and trading cryptocurrency — all of which need to be considered by new investors when opening up an account.
Pros of investing in crypto
Potential for high gains — Because of the volatile nature of cryptocurrencies — and the uncertainty surrounding their implementation — they have incredibly high growth potential, meaning a possibly stellar return potential for investors. Cryptocurrencies have been the highest performing assets of the last five years — with Bitcoin and Ethereum growing 1000% and 500% respectively in that time.
Government-resistant store of value — Unlike the Federal Reserve — which has the ability to inflate currencies in response to crisis — cryptocurrencies are governed by their own supply and demand markets, meaning they resist fluctuations in fiat currencies. Cryptocurrencies typically have a limited number of coins in circulation, whereas the Federal Reserve can simply print more money.
It’s a great way to diversify your portfolio — In addition to commodities like gold and silver that are a natural hedge against inflation, cryptocurrencies have shown extremely good profit potential that weathers the storm of financial crisis — helping you reduce risk in your long-term investment portfolio.
Accessible 24/7 — Unlike stock markets — that have investing and trading windows to make deals — cryptocurrency markets are open 24/7. This lets investors place orders, take profits and monitor trends at any time.
Cons of investing in crypto
Market is incredibly volatile — Cryptocurrencies are extremely unregulated — much of the price fluctuations in the crypto market are governed by speculation based on cryptocurrency owners’ perceptions of their own coins and future projections. With volatility comes the potential for extremely high gains but also substantial losses if they make up too much of your portfolio.
Their long-term success is yet to be proved — Despite notable coins like Bitcoin and Ethereum booming in value, many alt coins have seen a peak and have struggled to return to their five-year highs. It’s still unknown if they’re a strong investment or a bubble waiting to burst, leading to recurring economist questioning as to whether the market will survive.
It’s confusing for new investors — Navigating the world of cryptocurrency investments, CFDs, leveraged trading and misinformation can lead to substantial losses for those starting out. It’s critical for those investing to understand the markets and not throw their capital in straight away.
Targets for security breaches — It’s no secret that the high-value cryptocurrencies locked away in digital wallets are targets for criminals. Phishing attacks on wallet holders and misplaced security keys can give malicious actors instant access to your crypto portfolio, letting them transfer funds from unsuspecting users.
Investors must contend with online misinformation — “Get rich quick” schemes and inflated predictions of the success of a cryptocurrency can cloud the judgement of novice investors. With stocks, there is more information to work with including revenue, EPS ratings, price-to-earnings ratios and compound annual growth rate (CAGR) that let users make informed decisions — where cryptocurrency is more speculative due to its infancy.
Understanding crypto market volatility and risk management
Because there is little in the way of regulation and oversight in the crypto market, prices are governed solely by speculation.
While significant movements — like technical advancements in a cryptocurrency’s blockchain infrastructure — can cause buzz and rallies of a particular cryptocurrency, its popularity is largely dictated by cryptocurrency owners inflating the strength of their own coins.
To hedge against volatility, investors and traders can make use of certain features on coin exchanges and brokerage sites to limit risk.
For example, experienced investors will look to:
Use crypto as a diversifier — Rather than betting their entire portfolio on cryptocurrencies booming in price, they’ll only allocate a small portion of their assets to cryptocurrency. With their money in many types of investments — like stocks, commodities and indices as well as cryptocurrency — they’re able to benefit from micro gains in each sector and limit losses.
Limit the use of CFDs and leverage — CFDs and Leverage lets investors take up much larger positions on the stock market than their capital might allow. This can mean higher gains but also substantial losses should they crash. A controlled, cautious approach to leveraged investing can help limit those losses.
Manage emotion — If you’re new to crypto investing, it can be easy to get swept up in the emotional side of investing — especially if a bear market hits your portfolio particularly hard. Experienced investors understand that the market moves only in response to supply and demand, making It easier for them to cash out and change tactics in response to market changes with a cool head.
Work to a timeline — Experienced investors stick to a long-term plan — they don’t just throw money at cryptocurrencies in response to trends. Their investments are based on data-driven predictions, price graphs and technical and fundamental analysis. This lets them buy, hold or sell at more optimal times than people that panic buy.
Tips for investing in cryptocurrency
Investing in cryptocurrencies can be daunting — especially for those with limited understanding of market fundamentals.
Here’s a few tips to bear in mind as a novice investor.
Make use of “stop losses” and “take profit” levels
“Stop loss” and “take profit” are price ranges determined by the investor. Once these levels are set in place, the broker or exchange will automatically sell their investments to help an investor limit their losses and cash out on profits when they aren’t able to manage their assets themselves — say when they’re at work.
If you’re starting out, or have limited disposable capital to play with, these limits are an integral part of preserving it — especially in volatile markets.
Use an exchange rather than a broker
Cryptocurrency exchanges typically have lower transaction and holding fees than brokers. This makes them better options for long-term investors.
Remember that the markets are constant
Cryptocurrency markets never sleep — they operate 24 hours a day, seven days a week.
As well as your stop losses and take profit levels, it may be worth using tools to automate [DS1] your investments, so you don’t lose money on a sudden downturn.
Consider using a paper account
If you’re new to investing and want to get to grips with the market and understand how to navigate an exchange’s interface, you can open a paper account.
This lets prospective users trade and invest in cryptocurrencies and stocks with fake money and safely test out strategies and monitor markets risk-free.
You can make money when the market bears
As the old adage goes — buy low and sell high. However, with modern exchanges and brokers, you can make money as a cryptocurrency depreciates.
Often known as “shorting”, you can take up positions on the market that bet against a cryptocurrency. However, this is typically used by more experienced investors.
Frequently Asked Questions (FAQs)
Is crypto a good investment?
There is much debate about the long-term growth potential of established cryptocurrencies, tokens and altcoins.
While there is potential for high gains, investors also risk substantial losses, so they’re better suited to less risk-averse individuals. However, they have proven to be a great hedge against inflation, making them a viable addition to a diverse investment portfolio.
How much should I invest in crypto?
As a general rule, no more than 20% of your portfolio should be invested in any one market sector.
For beginners, it’s advised to invest slightly less of your portfolio in cryptocurrency given the volatile nature of the markets.
How much should I put into cryptocurrency to make money?
You don’t need a lot of starting capital to invest in cryptocurrencies and make money.
Although established coins — like Bitcoin and Ethereum — are priced in the thousands, brokers and exchanges let users invest in coins to the value of their capital.
This means if you only have $100 to invest, you can still invest in Bitcoin and you’ll receive the equivalent value for your portfolio.
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Justin Sun, the founder of the Tron blockchain, has announced that the Tron network’s native asset, TRX, can now be fully accessed on Ethereum (ETH), the largest altcoin network in the cryptocurrency industry. This has been made possible through the BitTorrent Bridge, which allows for seamless interoperability between the two blockchains.
BitTorrent Bridge Paves The Way To Ethereum Integration
Interoperability in the context of blockchain refers to the ability of different blockchains to communicate and exchange information with each other seamlessly. In this case, the BitTorrent Bridge enables Tron’s native asset, TRX, to be transferred and accessed on the Ethereum network, and vice versa.
Related Reading: Litecoin Breaks $95 As Whale Transactions Spike
This means that TRX holders can now access the larger Decentralized Finance (DeFi) market and decentralized applications (dapps) available on Ethereum, while Ethereum users can now access TRX and its associated dApps on the Tron network. The BitTorrent Bridge acts as an intermediary between the two blockchains, facilitating the transfer of assets and data in a secure and decentralized manner.
The move is a significant development for the Tron ecosystem, which is currently the second-largest DeFi ecosystem with over $5.6 billion in total value locked and more than 2.9 million active users, according to DeFiLlama data.
Justin Sun’s tweet regarding the Ethereum expansion via BitTorrent Bridge has already had a positive impact on TRX’s price, with the asset jumping by 2% following the announcement. This further demonstrates the potential for Tron to expand its reach and appeal to a wider audience in the cryptocurrency industry.
With Tron’s expansion to Ethereum, the cryptocurrency industry continues to see the growing importance of interoperability between different blockchains. As more projects explore the potential of cross-chain functionality, the industry is likely to see further development and innovation in the coming years.
TRON Sets New Daily Transaction Record
Despite the challenges faced by the cryptocurrency industry in recent months, TRON has continued to perform strongly, defying expectations and posting impressive growth. According to a Twitter thread by Justin Sun, the network hit a new record high in daily transactions, processing over 10 million transactions in a single day.
Furthermore, Sun notes that the robust performance of the TRON network is a result of its quality and efficiency, as well as its ability to continuously improve and deliver concrete results.
Looking ahead, TRON has set an ambitious target for the year, aiming to double its transaction volume. Sun emphasizes that this increase is not just a measure of quantity, but also a reflection of the network’s ability to maintain its strong fundamentals and generate revenue even in a challenging market.
Moreover, the growth in TRON’s transaction volume is expected to further bolster protocol revenue and demonstrate the strength of the TRON ecosystem. As the cryptocurrency industry continues to evolve and face new challenges, TRON is positioning itself as a leader in the space by focusing on innovation, efficiency, and delivering results.
Featured image from Unsplash, chart from TradingView.com
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Accra, Ghana, June 2nd, 2023, Chainwire DPAT, the first Web3 crowdsourcing platform designed to connect investors with real estate and infrastructure opportunities in major African cities, has announced the launch of its highly anticipated updated roadmap and revamped website. Positioning itself as a bridge to new emerging economies, the Ethereum-backed Web3 investment platform is set to […]
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Ethereum Price Analysis: Amid the recent sell-off in the crypto market, the Ethereum price witnessed a minor pullback which retested the breached trendline of the wedge pattern. This retest is meant to check price sustainability at a higher level and validate whether the buyers are ready to make further growth. Anyhow, the bullish candle pattern
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The thrill of a bull market is a sensation that crypto investors constantly chase, yet the true euphoria lies in accurately forecasting these bullish tides and meeting them fully equipped. Preparation in this context translates to enriching one’s portfolio with the best cryptocurrency to invest in — cryptocurrency exhibiting robust growth potential, currently trading at subdued levels but holding the promise of extraordinary appreciation.
The market is shaking off the lingering chill of the recent crypto winter and appears on the cusp of stabilization. Yet, with the next Bitcoin halving event looming in 2024, significant price escalations seem inevitable. Consider adding top crypto coins like TOADS, MATIC, and QNT to your portfolio to ensure you are well-prepared for the forthcoming bullish trend.
As the best new crypto to invest in, DigiToads is a standout DeFi project in the bustling arena of meme-based cryptocurrencies, setting itself apart with its forthcoming gaming experience. Anticipated to launch soon, the game involves players engaging with toad-themed non-fungible tokens in a fantastical virtual world. Users will start as tadpoles and cultivate their characters, which can grow into powerful adversaries or allies.
Integral to DigiToads is its Decentralized Autonomous Organization (DAO), crucial in overseeing funds and guiding decisions. The DAO establishes a governance structure that caters to the needs and interests of all stakeholders. Additionally, it orchestrates various activities within the DigiToads ecosystem, such as game operations, trading contests, and award ceremonies.
Market analysts project a positive trajectory for TOADS, forecasting a potential increase to $0.08 by year’s end. This anticipated price elevation is predicated on critical developments within the DigiToads ecosystem, including the debut of a decentralized exchange (DEX), the introduction of a new NFT collection, the establishment of liquidity pools for yield farming rewards, and the implementation of further utilities enhancing the token’s value proposition.
Furthermore, analysts speculate a breakthrough of the $0.1 resistance level for TOADS during the bull market, which is expected to be triggered by the forthcoming Bitcoin halving event.
>> Buy DigiToads Now <<
Polygon, also known as MATIC, is a well-structured, multi-chain scaling solution for the Ethereum blockchain to enhance its speed and reduce costs without sacrificing security, making it one of the top altcoins to watch now.
It functions as a Layer 2 solution, facilitating faster and more efficient transactions by operating side chains alongside the main Ethereum chain. Polygon’s highly flexible infrastructure supports Ethereum-compatible blockchain networks and fosters interoperability, making it a critical player in the blockchain ecosystem. Polygon’s versatility and efficiency could potentially revolutionize blockchain transactions, making it an attractive choice for developers and businesses.
Currently, MATIC is hovering just below the $1 mark. However, with the broader market trend potentially shifting towards a bullish phase, it is anticipated that MATIC might breach this price level shortly. The convergence of Polygon’s inherent potential and positive market sentiment could trigger a price rally, reflecting the solid prospects for MATIC in the cryptocurrency market.
Quant is an innovative digital asset that powers the Quant Network, a blockchain platform designed to foster interoperability among diverse blockchain systems. Quant’s hallmark product, Overledger, is a blockchain operating system that provides a unique ability to develop multi-chain applications (MApps), enabling seamless communication and data sharing across different blockchain ecosystems.
This interoperability positions QNT as one of the top crypto coins, with the potential to drive the widespread adoption of blockchain technology.
Over the past week, QNT has shown positive momentum, with a notable upward price trajectory, currently trading around $114. Financial analysts and cryptocurrency experts who observe market trends, paired with Quant’s inherent value proposition, project a bullish outlook for this asset.
When the market’s upward trend is seemingly assured, filling one’s portfolio with the right digital assets is an informed and strategic approach to wealth accumulation.
Although a bull run generally augurs well for the cryptocurrency market, newcomer and promising tokens often experience the most substantial growth. A prime example of such a good asset is DigiToads, which has already demonstrated a remarkable 450% growth during its presale stages for early investors. The token is expected to scale new peaks once it trades on exchanges. Therefore, be wise, diversify, and prepare for the market’s dynamism.
For more information on DigiToads visit the website, join the presale or join the community for regular updates.
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Leading digital currency exchange Coinbase is getting ready to release its new Base protocol in late 2023.
Coinbase Says It Will Bring One Billion Users Onboard
Base is an Ethereum-focused, layer-2 blockchain. The program has been in a testing phase since February of this year, and those in charge are now preparing it for a mainnet launch that will allow it to be utilized by all the exchange’s customers.
Jesse Pollack – the lead for Base – recently divulged several facts about the upcoming protocol in an interview. He said that while Coinbase is not set on releasing any official timelines or dates just yet, he can confirm that 2023 will be the year in which it becomes fully available. He stated:
It’s coming soon. We’re working hard on it. It’s our number one priority alongside decentralization goals, and the rest of the year is about making sure we get there as quickly as possible.
The move will mark a nice change of pace for the once prominent digital currency trading platform. While still popular amongst many crypto traders and fans, Coinbase has endured its fair share of blows to the head in recent weeks in the shape of the Securities and Exchange Commission (SEC), which recently sent a Wells notice to the prominent investing enterprise.
While a Wells notice does not instigate that the company has been charged with a crime, it hints that potential charges may be coming soon, and that the firm should prepare itself. Coinbase took serious issue with the notice and claimed that it met with SEC officials several times over the past few years to ensure it always remained compliant with present rules and regulations.
Not long ago, Coinbase mentioned that the regulatory environment in the United States has grown so speculative and frightening that the company is now considering leaving America and setting up shop in Bermuda. While U.S. customers will still be privy to services offered by the firm, the company will no longer be settled on American soil.
Pollack continued his statement by claiming that the company is looking to bring at least one million builders on board, which will in turn lead to about one billion more users. The goal is to have everyone on-chain and provide access to “easy to use” crypto-centered products. He said:
I think less about Base passing Coinbase and more about how Base plus Coinbase over the next decade are going to work together to bring those million developers [and] billions of users on-chain.
Keeping Things Off the Radar
He also said that per verbiage issued by Brian Armstrong – the CEO of Coinbase – the program is going to be fully decentralized.
This makes perfect sense given the many issues the company has clearly dealt with from the SEC and similar agencies.
The post New Base Protocol from Coinbase Set to Go Live Later This Year appeared first on Live Bitcoin News.
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The record surge in Ethereum staking in May was attributed to the ongoing U.S. debt ceiling saga, deterring confidence in USD, the downfall of banks and the high APR offered on the ETH staking.
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Investors are constantly on the lookout for cryptocurrencies that have the potential to deliver significant returns. In 2023, three cryptocurrencies that are generating excitement and are expected to offer substantial returns are InQubeta (QUBE), Render (RNDR), and Chainlink (LINK).
InQubeta (QUBE) has been gaining considerable attention in the crypto industry due to its unique approach of leveraging AI technology to bring about a crowdfunding model using NFTs and tokens. The project’s NFT marketplace provides a platform for startups to list their projects for funding, allowing investors to choose which projects to support and receive stakes in those projects through fractionalized NFTs. InQubeta’s commitment to safety is evident through code and smart contract audits conducted by reputable firms. Moreover, QUBE holders can stake their tokens to earn rewards from the dedicated reward pool, making it an enticing opportunity for investors. With its growing popularity and innovative ecosystem, InQubeta has the potential to generate significant returns for investors in 2023.
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Render (RNDR) is another cryptocurrency that is expected to offer substantial returns. Using blockchain technology and AI, Render aims to revolutionize the cloud computing industry. The project provides a decentralized and cost-effective platform for accessing computing power and storage resources. By enabling individuals and businesses to utilize decentralized cloud services, Render aims to disrupt traditional cloud computing models. With the increasing demand for cloud services and the project’s innovative approach, Render has the potential to experience significant growth in 2023, resulting in attractive returns for investors.
Chainlink (LINK) is a well-established cryptocurrency that has gained widespread adoption and recognition in the blockchain industry. Chainlink acts as a decentralized oracle network, facilitating the connection between smart contracts and real-world data. By providing reliable and secure data feeds, Chainlink enhances the functionality and usability of smart contracts across various blockchain platforms. The project’s strong partnerships with prominent companies and its ability to address the critical need for trustworthy data in the blockchain ecosystem have contributed to its growing popularity. As the adoption of smart contracts continues to increase, Chainlink is expected to experience significant growth in 2023, making it an appealing investment choice for investors seeking substantial returns.
Why InQubeta Presale Provides A Great Opportunity For Investors
The InQubeta presale has garnered significant attention and has already surpassed $220,000, indicating immense interest and confidence in the project. Participating in the InQubeta presale presents a great opportunity for investors for several reasons.
Firstly, the minimum investment requirement for the presale is only $50, making it accessible for new investors with limited capital but still want to get involved in the crypto space. This low entry barrier allows a wider range of individuals to participate and potentially benefit from the growth of InQubeta.
Furthermore, the presale accepts popular coins such as Bitcoin, Ethereum, and USDT, allowing investors to utilize their preferred cryptocurrencies to acquire QUBE tokens. This convenience streamlines the investment process and eliminates the need for complex conversions or additional transactions.
While the crypto market is known for its volatility and uncertainties, InQubeta (QUBE), Render (RNDR), and Chainlink (LINK) are positioned to offer attractive returns to investors in 2023. Understanding the fundamentals of each project, evaluating market trends, and considering one’s risk tolerance are key factors in building a successful investment strategy in the crypto space.
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*This article was paid for Cryptonomist did not write the article or test the platform.
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