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Crypto News: The Commodities Futures Trading Commission (CFTC) lawsuit against crypto exchange Binance changed the narrative in the market, but it remains to be seen if the move still has enough legs to affect a major downtrend in cryptocurrency prices. Although the news of the lawsuit led to significant drop in Bitcoin price, it continues to hold resistance above the $26,600 level. Meanwhile, the crypto community is debating about the impact of CFTC action, which was in complete contrast to how the U. S. Securities and Exchange Commission (SEC) viewed major cryptocurrencies. Also Read: XRP Lawyer: After CFTC, SEC Could Sue Binance Over Securities Offerings The Binance lawsuit came just under a week after the SEC issued a Wells Notice to Coinbase, in what is turning out to be a spree of enforcement actions against crypto businesses. The notice was about concerns surrounding the listed digital assets, their staking services, and other things. Binance CFTC Lawsuit FUD Over? Despite the FUD around Binance lawsuit, the Bitcoin price managed to hold above the strong support level of $26,600. Crypto trader Crypto Tony warned about this crucial level after the Binance news was out. Meanwhile, Alex Kruger, another trader, said CFTC’s enforcement actions traditionally did not have any major impact on the crypto market. “CFTC actions historically have no bite. Binance news brought some welcome short term volatility but is unlikely to start a trend.” Although the Bitcoin price dropped by 0.60% over the last 24 hours, the global crypto market cap increased by 0.32% in the same period. Also Read: Ethereum’s Next Big Upgrade “Shapella” Coming This April; ETH Price Poised To Rally? The post Binance CFTC Lawsuit Has Enough To Affect Major Crypto Downtrend? appeared first on CoinGape.
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<p class="MsoNormal">Since Bitcoin's beginnings in 2009, cryptocurrencies have gone a long way. While Bitcoin and other cryptocurrencies such as Ethereum and Litecoin have grown in popularity, they remain highly volatile and unsuitable for daily transactions. Stablecoins come into play here. </p><p class="MsoNormal">Stablecoins are cryptocurrencies that are meant to keep their value stable and provide stability for routine transactions. We will look at the evolution of stablecoins, from Tether to Central Bank Digital Currencies, in this article. (CBDCs).</p><p class="MsoNormal">Tether Is the World's First Stablecoin</p><p class="MsoNormal">Tether (USDT) was the first stablecoin to gain traction in the cryptocurrency market. Tether, which was launched in 2014, is a stablecoin that is tied to the US dollar, with one USDT equaling one US dollar. Tether is intended to provide stability for cryptocurrency traders and investors, who can use it to hedge against market volatility. Tether has grown to become one of the most popular cryptocurrencies, with a market worth of more than $60 billion as of March 2023.</p><p class="MsoNormal">Alternative Stablecoins</p><p class="MsoNormal">Other stablecoins have emerged after the debut of Tether, including USDC, DAI, and TrueUSD. These stablecoins are intended to give the same level of stability as Tether, but through various techniques. USDC, for example, is supported by a group of firms, including Coinbase and Circle, and is routinely audited to ensure that it is entirely backed by US dollars. DAI, on the other hand, is a decentralized stablecoin backed by other cryptocurrencies like Ethereum.</p><p class="MsoNormal">Digital Currencies Issued by Central Banks (CBDCs)</p><p class="MsoNormal">Stablecoins have grown in popularity among cryptocurrency enthusiasts, although they are not commonly accepted in the mainstream market. Central Bank Digital Currencies (CBDCs) come into play here. CBDCs are digital counterparts to fiat currencies issued by central banks. CBDCs, unlike cryptocurrencies, are backed by the government's complete confidence and credit, giving them a higher level of trust and stability.</p><p class="MsoNormal">CBDCs are still in their infancy, but some central banks, including the People's Bank of China and the European Central Bank, have begun to investigate the concept. CBDCs have the ability to change the way we use money by providing various advantages over existing fiat currencies and cryptocurrencies.</p><p class="MsoNormal">CBDCs Have Many Advantages</p><p class="MsoNormal">CBDCs can provide a more efficient and secure payment method, which is one of their primary advantages. CBDCs can be transferred and received quickly, eliminating the need for third-party middlemen such as banks or payment processors. This can lower transaction costs while increasing payment speed and efficiency. CBDCs can also provide a more secure payment system because they are backed by the government's complete faith and credit.</p><p class="MsoNormal">CBDCs can also help to make the financial system more inclusive. Traditional financial systems can be exclusionary, with many individuals lacking access to fundamental financial services, particularly in developing nations. </p><p class="MsoNormal">CBDCs can be accessed via a smartphone, which is becoming more popular in developing countries. As a result, CBDCs may offer a new opportunity for people to gain access to financial services and participate in the global economy.</p><p class="MsoNormal">CBDCs' Challenges</p><p class="MsoNormal">While CBDCs have numerous potential benefits, there are several obstacles that must be addressed. The possible impact on traditional financial institutions, such as banks, is one of the key worries. </p><p class="MsoNormal">CBDCs, which give an alternate method of keeping and transferring money, have the potential to undermine the traditional banking system. This could result in employment losses and lower profits for traditional banking firms.</p><p class="MsoNormal">Another issue is the possibility of CBDCs being used for illegal purposes such as money laundering or terrorism financing. Because of the anonymity and decentralized nature of cryptocurrencies, it is impossible to track the flow of funds, which criminals may abuse.</p><p class="MsoNormal">To address these concerns, numerous central banks are investigating methods of implementing CBDCs that ensure transparency and traceability. Some CBDCs, for example, may demand customers to go through Know Your Customer (KYC) checks, which can aid in the prevention of money laundering and other illegal activity. </p><p class="MsoNormal">Furthermore, certain CBDCs may be structured with a tiered access scheme, in which users must supply specific information in order to access different tiers of the system.</p><p class="MsoNormal">Another issue to consider is the potential impact on privacy. CBDCs may capture and keep vast quantities of personal data while providing a more secure and efficient payment method. This has sparked concerns about the possibility of government surveillance and infiltration into individuals' financial lives. </p><p class="MsoNormal">To address these concerns, some central banks are investigating the use of decentralized systems like as blockchain, which can allow anonymity while maintaining transparency and traceability.</p><p class="MsoNormal">Stablecoins and CBDCs in the Future</p><p class="MsoNormal">Stablecoins and CBDCs are significant advancements in the way we use money. Stablecoins have grown in popularity among cryptocurrency enthusiasts, although they are not commonly accepted in the mainstream market. </p><p class="MsoNormal">CBDCs have the potential to change this by combining the benefits of cryptocurrencies with the stability and trust of traditional fiat currencies.</p><p class="MsoNormal">CBDC development is still in its early phases, and it may be several years before they are generally accepted. CBDCs, on the other hand, have enormous potential benefits, and many central banks are looking into ways to implement them. </p><p class="MsoNormal">CBDCs, as they become more common, have the potential to alter the way we use money and deliver a more equitable, efficient, and safe financial system.</p><p class="MsoNormal">Is a digital divide inevitable?</p><p class="MsoNormal">Central Bank Digital Currencies (CBDCs) <a href="https://www.financemagnates.com/cryptocurrency/coins/stablecoins-and-monetary-policy-implications-for-central-banks-and-regulators/" target="_blank" rel="follow">have been gaining momentum </a>as many countries are exploring the possibility of issuing their own digital currencies. While CBDCs could bring many benefits, such as increased financial inclusion and efficiency, there is a real risk that they could also widen the digital divide.</p><p class="MsoNormal">The digital divide refers to the gap between those who have access to digital technologies, such as the internet and smartphones, and those who do not. This gap can be seen in both developed and developing countries, with many individuals lacking access to the digital tools necessary to participate in the modern economy.</p><p class="MsoNormal">CBDCs could widen the digital divide in several ways</p><p class="MsoNormal">CBDCs require individuals to have access to digital infrastructure, such as smartphones and internet connectivity, to access and use them. Individuals who do not have access to these technologies will be excluded from the benefits of CBDCs, including faster and more efficient transactions.</p><p class="MsoNormal">Moreover, CBDCs could exacerbate existing inequalities in financial access. While CBDCs could increase financial inclusion for those who are unbanked or underbanked, they could also deepen the divide between those who have access to traditional banking services and those who do not. In some cases, CBDCs could even replace traditional banking services, further marginalizing those who are already financially excluded.</p><p class="MsoNormal">Third, CBDCs could increase the risk of digital fraud and cybercrime. With the rise of digital currencies, cybercriminals have increasingly targeted individuals and businesses with phishing attacks, malware, and other scams. The introduction of CBDCs could create new opportunities for these criminals, further widening the digital divide and putting vulnerable individuals at risk.</p><p class="MsoNormal">To mitigate the risk of widening the digital divide, it is essential that CBDCs are designed with inclusivity in mind. Governments and central banks must work to ensure that digital infrastructure, such as internet connectivity, is accessible to all, regardless of income or location. Additionally, CBDCs must be designed with strong security measures to prevent fraud and protect vulnerable individuals.</p><p class="MsoNormal">Conclusion</p><p class="MsoNormal">These and stablecoins are the next phase in the growth of digital currencies. Stablecoins have grown in popularity among cryptocurrency enthusiasts, although they are not commonly accepted in the mainstream market. CBDCs have the potential to change this by combining the benefits of cryptocurrencies with the stability and trust of traditional fiat currencies.</p><p class="MsoNormal">CBDCs have the potential to transform the way we use money by creating a more efficient, safe, and inclusive financial system. However, issues such as the possible influence on established financial institutions and privacy concerns must be addressed. </p><p class="MsoNormal">As CBDCs evolve, it will be critical to solve these problems in order for them to deliver on their promise of a stronger financial system.</p> This article was written by Finance Magnates Staff at www.financemagnates.com.
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Bitcoin and other forms of digital currency may have been hit hard pricewise over the last 13 months, but Block – the payment company formerly known as Square and started by ex-Twitter head Jack Dorsey – has posted strong growth revenue and profits for the fourth quarter of 2022 primarily thanks to its Cash App digital wallet protocol. Block and Bitcoin… A Perfect Match? Bitcoin suffered its worst year on record in 2022. The world’s number one digital currency by market cap rose to a new all-time high of about $68,000 per unit at the end of 2021, and everyone truly thought the currency was on top of the financial ladder and could never be brought down. Boy, were they wrong! From there, the currency began a series of price dips that ultimately saw it end 2022 in the mid-$16K range, thus having lost more than 70 percent of its overall value. It was a sad and ugly sight to see, but things didn’t quite stop there. Many additional cryptocurrencies – including Ethereum – decided to follow in BTC’s footsteps, and by the time they were all done traveling through the doldrums, the crypto space had lost more than $2 trillion in overall valuation. The good news is that while the price of bitcoin and various other digital currencies may have suffered greatly, this didn’t stop people from exchanging, trading, or using crypto, and the profits recorded by Block are legitimate proof of this. The company posted more than $1.6 billion in gross profit during the final three months of 2022. This was up nearly 40 percent from the $1.2 billion posted at the end of 2021. In addition, revenue stood at $4.65 billion, considerably higher than the $4.1 billion posted for the same period in 2021. The big clincher is that Cash App – saw a 64 percent boost in its overall gains, suggesting crypto use didn’t die down within the company’s customer walls no matter how bearish things got. Jack Dorsey – the current CEO of Block – stated in a recent interview: Looking ahead to 2023 and beyond, we are focused on balancing growth and efficiency and will prioritize speed, agility, and accountability. Believing in Crypto No Matter What Happens In many ways, Jack Dorsey shares a lot with figures like Michael Saylor, the former head of software giant MicroStrategy. He believes in bitcoin, and no matter how many negative notes it strikes, his faith in the digital asset never truly dies down. He is confident it will lead to great and powerful things for those seeking new financial tools and capabilities. About five years ago, Dorsey commented that he wouldn’t be surprised if in ten years from then, bitcoin became a global currency that all countries were using. He also said it had the potential to become the world’s only currency. The post Jack Dorsey’s Block Posts Heavy Bitcoin Revenues in 2022 appeared first on Live Bitcoin News.
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Xrp rose to a fresh five-month high on Tuesday, as prices climbed for a fourth straight session. The token moved to its highest point since November, which comes despite a red wave sweeping over cryptocurrency markets. The global market cap is down 2.35% as of writing. XRP XRP, formerly ripple, rose for a fourth consecutive session on Monday, as prices hit their highest point in five months. XRP/USD surged to an intraday high at $0.5029, less than 24 hours after falling to a low of $0.4573. As a result of the move, XRP hit its strongest point since November 6, breaking out of a ceiling at $0.4950 in the process. Looking at the chart, the 14-day relative strength index (RSI) moved to a one-week high, with a current reading of 68.87. This is marginally below resistance at 69.00, and close to a recent seven-month high at 74.00. Earlier gains in XRP have already begun to ease, with bulls seemingly securing gains around this ceiling. Monero (XMR) During today’s red wave, monero (XMR) was a notable token to fall, as prices moved to a five-day low. Following a high of $163.98 to start the week, XMR/USD slipped to a bottom at $149.85 earlier in today’s session. The drop sees monero fall by as much as 7%, edging closer to a long-term support point at $146.00 in the process. Whilst price has yet to reach this floor, the RSI collided with a support point of its own at the 49.00 mark. Bulls have since pushed the index higher, with price strength now tracking at 50.08, which comes as XMR moved away from earlier lows. Currently, monero is tracking at $154.03, with a move towards a ceiling at $156.00 a strong possibility. Register your email here to get weekly price analysis updates sent to your inbox: Do you expect monero to move higher in upcoming days? Let us know your thoughts in the comments.
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SPONSORED POST*   The crypto industry is constantly in flux, with new projects popping up all the time. However, some projects stand out more than others due to their innovative approach and strong fundamentals. Two projects that are expected to experience significant growth in 2023 are DigiToads and Star Atlas. Let’s take a closer look at these two exciting projects and why they are generating so much buzz in the crypto community. DigiToads (TOADS) DigiToads is a high-growth token that offers a range of benefits to its holders. One of the most exciting features of DigiToads is the opportunity to earn residual income through NFT staking, P2E gaming, and being a holder of TOADS tokens. The project’s ecosystem includes a thrilling new web3 game that lets you collect, nurture, and battle unique DigiToads. Players can acquire one-of-a-kind DigiToads by buying, trading, or winning them. Each DigiToad has its own set of characteristics, strengths, and weaknesses, giving players a wide range of options to choose from when selecting the perfect digital companion. Using TOADS tokens, players can purchase food, potions, and training equipment for their DigiToads, which will increase their size, strength, and abilities, providing a competitive edge in battles against other players. At the end of every DigiToads season, the top 25% of players on the leaderboard receive TOADS tokens as a reward. Additionally, 50% of the funds raised from the sale of items in the game are allocated to the prize fund and distributed among the top 25% of players, providing the chance for players to earn real money while playing the game. In addition to gaming, DigiToads has made a pledge to support the environment. 2.5% of profits made from the DigiToads project will be pledged to charities committed to the replanting of trees and the preservation of the rainforest. Furthermore, TOADS holders will be rewarded monthly from the prize pool, with 10% of funds raised being airdropped to token holders. With such exciting features and benefits, it’s no wonder that DigiToads is attracting attention from investors and gamers alike. The project’s growth potential is tremendous, and with the right partnerships and marketing strategies, it could become one of the most popular tokens in the crypto space. >> Buy DigiToads Now << Star Atlas (ATLAS) Star Atlas is another project that is generating a lot of buzz in the crypto community. It is a space-themed metaverse that allows players to engage in various activities, including trading, mining, and battling for control of the galaxy. The project’s ecosystem is built on the Solana blockchain, which offers fast and cheap transactions, making it ideal for gaming and other high-volume use cases. Star Atlas has partnered with a range of leading companies in the crypto space, including Solana, Serum, and Chainlink, which adds to the project’s credibility and growth potential. One of the most exciting aspects of Star Atlas is its play-to-earn model, which allows players to earn crypto rewards by participating in the game’s various activities. The project’s NFT marketplace is another feature that is expected to be a big draw for gamers and collectors alike. Star Atlas is also backed by a team of experienced developers and advisors who have a proven track record of success in the gaming and blockchain industries. This gives investors and players confidence in the project’s ability to deliver on its promises and grow over time. ATLAS & TOADS: Best Investments For 2023 DigiToads and Star Atlas are two projects that are expected to experience major growth in 2023. Both projects offer innovative features and benefits that are attracting the attention of investors and gamers alike. With the right partnerships, marketing strategies, and development efforts, these projects could become pivotal players in the crypto space. Don’t miss out. Join the DigiToads presale today! USE CODE: FINTECH10 FOR 10% EXTRA TOKENS ON YOUR NEXT DIGITOADS PURCHASE For More Information on DigiToads:  Visit The DigiToads Website: Here Register For The DigiToads Presale: Here Join The Community: Here *This article was paid for. Cryptonomist did not write the article or test the platform.
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<p>Online platforms have made it easier than ever to trade FX and other asset classes, but not all platforms are created equally. So, what should retail traders be looking for?</p><p>In addition to obvious factors such as reliability, speed and ease of use, Adam Hickerson, a Director at <a href="https://www.financemagnates.com/tag/charles-schwab/" target="_blank" rel="follow">Charles Schwab Future & Forex</a> suggests that platforms should have robust charting capabilities and customizable watch lists to allow clients to enter multiple order types, including conditional orders.</p><p>“Quality and speed of order execution are crucial,” says Gavin Bambury, the CEO of <a href="https://www.financemagnates.com/tag/oanda/" target="_blank" rel="follow">Oanda</a>. “In fast-moving markets such as FX the price may move as you place your order and the likelihood of price movement increases with execution time, especially during periods of high volatility.”</p><p>Retail traders typically can’t spend all day in front of a screen looking for well-timed market entries, determining ideal spreads, and manually managing exits or risk parameters. In this context, control means having access to a platform with the right order types and tools that minimize manual input.</p><p>Traders should prioritize deep liquidity to ensure they have the opportunity to have their executions as close to the actual deal being offered suggests Naeem Aslam, the Chief Market Analyst at <a href="https://www.financemagnates.com/tag/AvaTrade/" target="_blank" rel="follow">AvaTrade</a>.</p><p>“Without deep liquidity, the chances of slippage are quite high and that can work against the trader,” he says. “Successful retail FX trading platforms will also offer customers some form of risk analysis – which can come in the form of telling traders what the risks associated with a particular trade are – and the necessary tools to carry out detailed technical analysis.”</p><p>Retail traders have varying levels of technical ability, so platforms need to have flexible trading solutions and resources for all experience levels.</p><p> “Retail traders also need to trust that the platform will be available even in times of extreme volatility and that the provider is backed by strong, legitimate financial institutions,” says Paul Gyles, the Chief Marketing Officer at <a href="https://www.financemagnates.com/tag/FXCM/" target="_blank" rel="follow">FXCM</a>.</p><p>Pete Mulmat, the CEO at IG US, refers to a recent trend of demand for education and news-based content among the <a href="https://www.financemagnates.com/tag/fx-trading/" target="_blank" rel="follow">FX trading</a> community similar to that seen in the <a href="https://www.financemagnates.com/terms/e/equities/" class="terms__main-term" id="d6e02698-4c6b-44dd-ab57-9ff12763325c">equities</a> and derivatives worlds.</p><p> “Given that access to market data has become an industry-standard in the retail foreign exchange dealer space, the overall experience for traders either new to the market or switching from a competitor has become a top differentiator,” he adds. “But, it is a balancing act to provide a platform that is both innovative in terms of features and standard in its execution process.”</p><p>Hickerson agrees, noting that retail traders tend to prioritize the user interface and trading platform over everything else since this is where they spend the most time, and it is their lifeline into the <a href="https://www.financemagnates.com/tag/forex/" target="_blank" rel="follow">FX</a> marketplace.</p><p>“Cost per trade is not the most important factor for many retail traders,” he says. “It definitely plays a part, but we have seen clients place more importance on the ability to execute their strategy and utilize a platform that is customizable to them.”</p><p>Bambury takes up this point, explaining that fair and accurate pricing is only valuable if traders also feel confident that their broker is fully regulated, that the platform is reliable, and that their trades are carried out in accordance with best <a href="https://www.financemagnates.com/terms/e/execution/" class="terms__secondary-term" id="60010adb-9e25-4bff-9822-c9210deec853">execution</a> standards.</p><p>“The emphasis placed on various features and tools can also vary depending on the type of trader,” he adds. “Fundamental traders following broader market themes may focus more on data releases and news events, whereas probability or technical analysis traders might spend more time on tools and charting functionality examining price action, indicators and candlestick patterns.”</p><p>While market sentiment is an important component of any well-rounded trading strategy, ‘news traders' who try to capitalize on the noise leading up to a news release as well as the market's reaction to the news prioritize receiving updates on important economic announcements and events directly in their platform.</p><p>For technical traders who trade price action rather than news, chart functionality will take precedence over breaking news integrations.</p><p>“The ability to aggregate information and leverage insight is vital,” says Bambury. “Research we carried out in November 2022 exploring the attitudes and habits of more than 2000 non-professional traders in the US revealed how social media is now the second most popular source of trading insights when trading crypto, but it still is only one of many sources of insight used by FX traders.”</p><p>Pre-trade analytical tools are just as important as the trading platform itself according to Adam Dance, the Vice President at FOREX.com and City Index, who notes that copy trading tends to appeal to newer traders “whereas everyone should be interested in cost per trade to maximize their trading returns.”</p><p>Mulmat agrees, stating that although interest in following experienced traders has grown over the years, competitive pricing and thus low barrier to entry is an important consideration to have before moving onto alternative forms of trade idea generation such as follow trading.</p><p>“Online trading markets have reduced in size since the end of the pandemic, with large numbers of these ‘newbies’ falling dormant according to Investment Trends’ recent leverage trading industry reports,” says Bambury, who suggests that experienced traders are more likely to want to develop their own strategies and seek ways to trade smarter for themselves, whether through APIs or advanced analytical and risk management tools.</p><p> “More knowledge of the market also means experienced traders do tend to be price conscious, but price alone isn’t the sole reason given for switching platform,” he adds.</p><p>According to Alex Kuptsikevich, the Senior Market Analyst at <a href="https://www.financemagnates.com/tag/FxPro/" target="_blank" rel="follow">FxPro</a>, copy trading services have lost their initial appeal. “We went down this road when we offered a similar service a decade ago,” he says. “When copying FX trades, traders face the limitations of accurately copying trade volumes and timings. These minor differences add up not in favor of the investor, creating frustration.”</p><p>Gyles refers to growing interest in algo trading with new tools enabling traders with no background in coding or programming to enter their strategy in simple terms and get their logic converted. “This broadens the scope for traders who have good ideas/thesis and want to test and automate them,” he concludes.</p> This article was written by Paul Golden at www.financemagnates.com.
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SPONSORED POST* Costs for coins are rising following surges and optimistic enthusiasm. However, cryptos such as Bitcoin (BTC) and Litecoin (LTC) are not living up to investor expectations as they are very volatile. No worries, analysts have discovered a hidden gem that has already surged by 2712% – Orbeon Protocol (ORBN)! This project, in Stage 12 of its public presale, has currently gained the attention of worldwide investors and experts. Let’s find out why! >>BUY ORBEON TOKENS HERE<< Bitcoin (BTC)  After the collapse of Signature and Silicon Valley Bank, the value of Bitcoin (BTC) fell. Nevertheless, Bitcoin (BTC) has been on the rise since then, and it now appears there are no indicators it will slow down. Bitcoin (BTC) is trading hands for $27,799.12 with a market cap of $537B, up 0.93% in the last 24 hours. Also, the trading volume for Bitcoin (BTC) has also jumped by 16% in that same time and now sits at $14,875,996,696. The technical analysis for Bitcoin (BTC) has also shown a favorable situation for the coin, with all technical indicators and moving averages showing green. If Bitcoin (BTC) can surpass its monthly high of $27,944, analysts believe it could rise to $28,600 before seeing a price reversal. However, Bitcoin (BTC) is no longer a secret, and more investors are aware of it – meaning its next price rally would not be extraordinary. Litecoin (LTC)  In recent Litecoin (LTC) news, the coin has now flipped Shiba Inu (SHIB) regarding market cap and now sits at the 13th spot on the CoinMarketCap charts. However, the value of Litecoin (LTC) has taken a hit as it dropped by 2.16% in the last 24 hours and now trades for $91.91. The 24-hour trading volume for Litecoin (LTC) also currently has a value of $424,967,422, decreasing by 18%. On a positive note, we can see a bullish trend forming for the coin when looking at the technical analysis for Litecoin (LTC). With the Litecoin (LTC) RSI at the 55 level and technical indicators showing strong buy signals, analysts expect a price rise soon. The long-term trend for Litecoin (LTC) price points to an increase, and the likelihood that it will cross the $100 threshold is substantial. But, analysts believe Litecoin (LTC) will fall to its support level of $90 after reaching that resistance level. >>BUY ORBEON TOKENS HERE<< Orbeon Protocol (ORBN)  The brand-new decentralized investment platform, Orbeon Protocol (ORBN), will be launched to overturn the entire crowdfunding sector and democratize access to outstanding startups. On this platform, real-world businesses will launch financial rounds in the form of equity-based fractionalized NFTs, which everyday investors can participate in from as low as $1! With this innovative way of raising money, startups can obtain funding goals much faster while simultaneously growing their communities. On the other hand, investors can invest in initiatives that were previously only accessible to affluent venture capitalists for a very affordable price. Regarding security, Orbeon Protocol (ORBN) will implement a “Fill or Kill” mechanism into each NFT, automatically refunding each investor if a project fails to meet its funding goals. Orbeon Protocol (ORBN) native token, which is currently in its eleventh stage and costs merely $0.1125, which has astonished worldwide investors. According to analysts, this is a great opportunity to invest in a potential blue-chip crypto that might reach $0.24 by the time the Orbeon Protocol (ORBN) presale is over. So follow the links below and sign up for a potential market disruptor early! Find Out More About The Orbeon Protocol Presale Website: https://orbeonprotocol.com/ Presale: https://presale.orbeonprotocol.com/register *This article was paid for. Cryptonomist did not write the article or test the platform.  
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<p class="MsoNormal">Decentralized finance (DeFi) has grown in popularity in recent years, providing a new way to organize financial transactions without the use of traditional intermediaries like banks. </p><p class="MsoNormal">However, interoperability, or the ability of different DeFi protocols and blockchains to interact and function together effectively, is one of the most difficult difficulties facing the DeFi business. This essay will look at the DeFi interoperability challenge, cross-chain solutions, and standards.</p><p class="MsoNormal">DeFi's Interoperability Challenge</p><p class="MsoNormal">The DeFi ecosystem is made up of numerous protocols and blockchains, each with its own set of laws and regulations. While diversity can be advantageous, it also poses issues in terms of interoperability. </p><p class="MsoNormal">DeFi protocols and blockchains are compartmentalized without interoperability, making it difficult for them to communicate and collaborate successfully.</p><p class="MsoNormal">The lack of interoperability in the DeFi business causes a number of issues, including:</p><ul><li>Restricted liquidity: Without interoperability, DeFi protocols and blockchains can only access a restricted amount of assets. This may reduce liquidity and make it more difficult for users to locate the assets they require.</li><li>Reduced efficiency: The inability of DeFi protocols and blockchains to communicate with one another limits their efficiency. Transactions may be slower and more expensive, and determining the optimal price for assets may be more challenging.</li><li>Reduced creativity: In the DeFi market, a lack of compatibility can also hinder innovation. If new protocols or products are incompatible with old systems, developers may be unwilling to create them.</li></ul><p class="MsoNormal">Cross-Chain DeFi Interoperability Solutions</p><p class="MsoNormal">Several cross-chain methods have been explored to overcome the DeFi interoperability difficulty. Cross-chain solutions enable assets to be communicated and exchanged between blockchain networks, resulting in a more linked and interoperable DeFi ecosystem.</p><p class="MsoNormal">Some of the most common DeFi cross-chain solutions are:</p><ul><li>Atomic swaps allow two parties to exchange assets without requiring a centralized exchange. This is accomplished by establishing a smart contract that locks up the assets until both parties have completed their obligations under the agreement.</li><li>Sidechains are independent blockchains that are linked to the main blockchain. Transferring assets between the main blockchain and the sidechain allows for improved interoperability.</li><li>Tokens that represent other assets on multiple blockchains are known as wrapped tokens. Wrapped Bitcoin (WBTC), for example, symbolizes Bitcoin on the Ethereum blockchain, allowing users to access Bitcoin on the Ethereum network.</li><li>Interoperability Protocols: Several interoperability protocols have been developed, such as Polkadot and Cosmos, to allow multiple blockchains to communicate and exchange assets.</li></ul><p class="MsoNormal">DeFi Interoperability Standards</p><p class="MsoNormal">While cross-chain solutions can help with DeFi interoperability, they can also introduce new issues if different protocols and blockchains do not adhere to the same standards. DeFi interoperability standards are required to ensure seamless compatibility.</p><p class="MsoNormal">Several groups and initiatives are striving to build DeFi interoperability standards, including:</p><ul><li>The InterWork Alliance is a non-profit group aimed at establishing standards for blockchain interoperability across several industries, including financial.</li><li>Open DeFi is a program that promotes interoperability in the DeFi ecosystem. Its goal is to provide a standard for cross-chain asset transfer and governance.</li><li>Ethereum 2.0: Ethereum 2.0 is a network upgrade that contains various interoperability features such as sharding and cross-chain communication.</li><li>Chainlink is a decentralized oracle network that feeds data to smart contracts on several blockchains. It can aid interoperability by allowing many blockchains to access the same data.</li></ul><p class="MsoNormal">Setting DeFi interoperability standards will be critical for establishing a more seamless and connected ecosystem. Standards can assist ensure that multiple DeFi protocols and blockchains are interoperable, allowing for more efficient and cost-effective transactions. </p><p class="MsoNormal">They can also foster creativity by offering a standard framework for developers to work inside.</p><p class="MsoNormal">The Difficulties and Risks of DeFi Interoperability</p><p class="MsoNormal">While cross-chain solutions and standards can assist in addressing the DeFi interoperability dilemma, there are other hurdles and hazards to consider. Ensure the security of cross-chain transactions is one of the most difficult challenges. </p><p class="MsoNormal">Cross-chain transactions are more complex and difficult to secure than transactions within a single blockchain since they involve numerous blockchains.</p><p class="MsoNormal">Furthermore, cross-chain solutions and interoperability protocols have the potential to provide new attack routes and vulnerabilities. A weakness in one blockchain, for example, might potentially affect all of the blockchains connected to it via a cross-chain solution.</p><p class="MsoNormal">Another problem is ensuring that different DeFi protocols and blockchains are interoperable. </p><p class="MsoNormal">When multiple protocols and blockchains have distinct rules and standards, this might be challenging. Developing universal standards for DeFi interoperability will be critical to addressing this issue.</p><p class="MsoNormal">The Interoperability Challenge</p><p class="MsoNormal">Currently, most DeFi protocols are built on the Ethereum blockchain, which creates challenges for interoperability with other blockchain networks. This limits the ability of DeFi protocols to access a broader user base and reduces the overall efficiency of the DeFi ecosystem. To address this challenge, there have been various attempts to create cross-chain solutions, but they have been met with limited success.</p><p class="MsoNormal">Can Market Consolidation be the answer?</p><p class="MsoNormal">One potential solution to the interoperability challenge is market consolidation. As the cryptocurrency market matures, it is expected that there will be a consolidation of the market, with fewer cryptocurrencies dominating it. This consolidation will result in a smaller number of blockchain networks that will become the de facto standards for DeFi protocols.</p><p class="MsoNormal">As the market consolidates, blockchain networks that do not gain widespread adoption will lose value and become less attractive to developers. This will result in a natural consolidation of the market, with the strongest blockchain networks emerging as the dominant players. This consolidation will make it easier for DeFi protocols to operate across different blockchain networks, as the number of networks they need to support will be reduced.</p><p class="MsoNormal">The Role of Ethereum</p><p class="MsoNormal">Ethereum, the most popular blockchain network for DeFi protocols, will play a significant role in this market consolidation. Ethereum's dominance in the DeFi ecosystem means that it will likely continue to be a popular choice for developers building DeFi protocols. However, as other blockchain networks gain popularity, Ethereum may face competition for DeFi developers.</p><p class="MsoNormal">In response to this competition, Ethereum is working on various upgrades to its network, such as Ethereum 2.0, which will enhance its scalability and security. These upgrades will help Ethereum maintain its position as the leading blockchain network for DeFi protocols and ensure its continued dominance in the market.</p><p class="MsoNormal">Conclusion</p><p class="MsoNormal"><a href="https://www.financemagnates.com/cryptocurrency/education-centre/the-promise-of-defi-use-cases-opportunities-and-risks/" target="_blank" rel="follow">The DeFi interoperability difficulty is a key impediment to the industry's growth and development.</a> DeFi protocols and blockchains are compartmentalized in the absence of interoperability, limiting liquidity, lowering efficiency, and constraining innovation. </p><p class="MsoNormal">Cross-chain solutions and interoperability standards can assist in addressing this issue, resulting in a more linked and interoperable environment.</p><p class="MsoNormal">Implementing cross-chain solutions and interoperability standards, on the other hand, has its own set of obstacles and hazards. Ensuring the security of cross-chain transactions and creating common interoperability standards will be critical for attaining widespread adoption and reaching DeFi's full potential. </p><p class="MsoNormal">By overcoming these difficulties, the DeFi industry may continue to expand and evolve, providing a more open, decentralized, and accessible means to manage financial transactions.</p> This article was written by Finance Magnates Staff at www.financemagnates.com.
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<p class="MsoNormal">The European Securities and Markets Authority (<a href="https://www.financemagnates.com/terms/e/esma/" class="terms__main-term" id="1021ff0a-dc50-434e-92f1-f73446cb0ed8">ESMA</a>), the European Union's financial markets regulatory and oversight body, has released a statement addressing concerns over investor protection related to fractional shares.</p><p>ESMA Speaks about Fractional Shares Protection Concerns</p><p class="MsoNormal">Tuesday's announcement emphasizes that "derivatives on a fraction of shares are" not equivalent to corporate shares, and as such, companies should not use the term "fractional shares" when promoting these products. In compliance with the obligation to enable clients to comprehend the nature and risks of specific financial instruments reasonably, companies must clarify to investors that they are purchasing a derivative product.</p><p class="MsoNormal">"All information provided to clients on these instruments shall be fair, clear, and not misleading and that firms must clearly disclosed all direct and indirect costs and charges relating to them," ESMA wrote in a press release.</p><p class="MsoNormal">Moreover, the ESMA statement reminds regulated businesses that these products are intricate and are therefore not suitable for all customers, but only for a narrow audience, and require an adequacy assessment when providing services to retail investors.</p><p class="MsoNormal">"As derivatives on fractions of shares are not corporate shares, firms should not use the term fractional shares when referring to these instruments. ESMA would deem such use of the term misleading and therefore in breach of MiFID II requirements," the supervisor added.</p><p class="MsoNormal">Companies presenting these derivatives must transparently reveal all direct and indirect expenses and fees associated with the products and services rendered. This encompasses the structuring and other costs integrated within fractional shares, in addition to mark-ups and mark-downs, proportionately compared to the market value of the corresponding corporate share.</p><p class="MsoNormal">ESMA defines 'fractional share' as an instrument enabling investors to partake in a company's performance through a tool that follows the share price while being accessible at a lower acquisition cost, precisely the proportionate stock price of the underlying share. Typically, it grants investors the financial advantages of dividend payouts, but generally, it does not come with voting privileges.</p><p class="MsoNormal">As a result of the above, ESMA wants firms offering to trade on these specific derivatives to introduce a number of additional measures to protect retail investors, explaining exactly what they are, how much they cost, how they are managed and who they are aimed at.</p><p>Fractional Shares Flooded the Retail Market</p><p class="MsoNormal">The idea behind investing in fractional shares is simple. If an investor cannot afford to buy the entire stock of a relatively expensive company like Tesla or Apple, he can make a purchase of only part of it for the capital he has. Such offerings became extremely popular during the pandemic era, when <a href="https://www.financemagnates.com/terms/r/retail-trading/" class="terms__secondary-term" id="2d172307-15c6-4278-a100-fcbb8d9c19c9">retail trading</a> was booming, and trading apps were gaining massive interest.</p><p class="MsoNormal">As early as the beginning of 2020, fractional shares and ETF offerings <a href="https://www.financemagnates.com/forex/brokers/fidelity-rolls-out-fractional-trading-on-shares-and-etfs/" target="_blank" rel="follow">were presented by Fidelity Investments</a>, a US broker with 23 million clients at the time. However, the first offerings of this type had already begun to appear a few months earlier, <a href="https://www.financemagnates.com/forex/brokers/interactive-brokers-jumps-on-fractional-stock-trading-bandwagon/" target="_blank" rel="follow">thanks to Interactive Brokers</a> and <a href="https://www.financemagnates.com/forex/brokers/charles-schwab-rolls-out-robinhood-style-free-stock-trading/" target="_blank" rel="follow">Charles Schwab</a>, among others, as a response to the increasingly strong competition in the US market from Robinhood. The popular app, which started the massive trend of commission-free trading, <a href="https://www.financemagnates.com/forex/brokers/as-zero-fee-losing-luster-robinhood-launches-fractional-shares/" target="_blank" rel="follow">joined the new industry fad in late 2019</a>.</p><p class="MsoNormal">During the Covid-19 pandemic, commission-free trading on fractional shares was introduced, among others, <a href="https://www.financemagnates.com/forex/brokers/fxcm-launches-zero-commission-fractional-shares/" target="_blank" rel="follow">by FXCM</a> and in the following months, companies such as <a href="https://www.financemagnates.com/forex/brokers/skilling-jumps-on-fractional-stock-trading-bandwagon/" target="_blank" rel="follow">Skilling </a>and <a href="https://www.financemagnates.com/forex/brokers/bux-introduces-fractional-investing-in-europe/" target="_blank" rel="follow">BUX </a>joined the trend.</p><p class="MsoNormal">The FMA flags CFDs broker and AI in portfolio management, read today's <a href="https://www.financemagnates.com/forex/news-nuggets-28-march-fma-flags-cfds-broker-ai-in-portfolio-management/" target="_blank" rel="follow">news nuggets</a>.</p> This article was written by Damian Chmiel at www.financemagnates.com.
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The U.S. prosecutors reportedly agreed to allow Sam Bankman-Fried to stay home while restricting using some electronic devices and apps.
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