Mediaboss Marketing

The US has been cold to the cryptocurrency industry since the collapse of the Signature, Silvergate, and Silicon Valley Banks. Colorado Senator Michael Bennet attributes this failure to the instability of crypto.

Signature Bank failed, and almost a fifth of its deposits came from crypto, he said, adding, Theyre not allowed to do anything with marijuana, but they can lay 20% of this on crypto a notoriously unstable thing that nobody here even understands and where the value of the assets can soar and collapse.

Ambre Soubiran, CEO of Paris-based crypto market data provider Kaiko, says the United States crackdown on crypto could ultimately see the industrys shift towards Hong Kong. The US being more stringent these days than ever on crypto and Hong Kong regulating more favourably is going to shift the centre of gravity of crypto assets trading and investments towards Hong Kong, she said.

Despite US frostiness towards cryptocurrencies, Hong Kong remains committed to its goal of becoming a crypto hub. More than 80 virtual-asset firms have set up shop on the Fragrant Harbour, and 23 crypto firms plan to establish their presence soon.

In 2021, China effectively banned financial institutions from providing cryptocurrency services. Under this ban, banks and online payment channels cannot provide trading, settlement, clearing, and registration of cryptocurrencies.

In contrast, Hong Kong has been committed to re-affirming itself as a global crypto hub. That same year, Hong Kongs Securities and Futures Commission announced that Hong Kong is willing to distinguish its crypto regulation approach from the blanket crypto ban in mainland China.

Xiaoba, a Chinese cryptocurrency entrepreneur moving startup to Hong Kong, said, It is a grey area in the mainland. There is clarity and a sense of safety in Hong Kong that would allow me to flourish.

Despite all the chaos with cryptocurrencies in Mainland China and the US, Big Eyes Coin is flourishing with its presale. The cat coin has raised over $32.5 million in its 12th presale, proving the meme tokens resilience in such a volatile market. Cats have nine lives, but this kittys life is just getting started.

Big Eyes Coins fierce army of Kitty Cuddlers is united in its commitment to charity and NFT collecting. BIG has been pretty generous as well they give out loot boxes! Enter the code BULLRUN250 when buying $BIG or loot boxes and get a 250% bonus on BIG tokens.

Cryptocurrencies are largely unregulated, which means they can be used for scams, money laundering, and tax evasion. The instability of cryptos also has broader implications for the overall financial market.

In conclusion, while there are many negatives associated with the crypto market, it is still a very new form of currency, and its potential has yet to be realised.

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Opensea: https://opensea.io/collection/big-eyes-lootbox-cards

Originally posted here:

Cardano and Solana Can Take the Fight to Ethereum, Big Eyes ... - Analytics Insight

The crypto markets, like the traditional finance world, are due to the behavior of thousands, if not millions, of investors making individual decisions. These seemingly unrelated and unconnected decisions, when looked at from a bigger-picture perspective, start to form a pattern. This is the reason why fractals occur in nature, this is the reason why history rhymes and sometimes repeats itself.

Hence, paying close attention to social cues could be a powerful tool in the hands of the right investor. As the second quarter of 2023 kickstarts, certain repetitive behaviors are beginning to resurface that could indicate that a local top for the 2023 bull rally might be around the corner.

While the crypto market and stock market happen to be starkly different from each other, in some ways, they share a lot of similarities. The changes in prices due to market events are both cyclical in nature, i.e., they follow a pattern of highs and lows and form tops and bottoms over time.

In the case of the crypto market, year to date, digital assets have noted significant increases. Bitcoin price since the beginning of 2023 has risen by over 70%, and Ethereum price similarly over the last three months has increased by 58%. Other altcoins have also noted massive gains, which indicate an active bullish narrative.

However, certain recent events suggest that a top could be forming.

Over the last few months, the crypto market has noted instances suggesting a local top, such as:-

But this is not the first time this has been observed, as in the past, similar events have occurred that led to the formation of a local top.

IMX social sentiment

Although it is premature to predict a local top, investors need to be cautious regardless, as the aforementioned signs are usually signals of a top and can trigger a drop in price at any time.

As for now, Bitcoin investors need to watch out for a rise to $35,000 and $38,500, as these would mark key levels for taking a profit. At the same time, should corrections arrive and Bitcoin price fall below the key support level of $24,736 to $17,600, selling pressure could rise.

For more information on potential corrections or retracements in the future where investors can accumulate, refer to the article attached below.

Bitcoin Weekly Forecast: Breaking down key BTC levels to accumulate for Q2, 2023

View post:

Why these social cues could be forecasting a local top for Ethereum and the broader crypto markets - FXStreet

Ethereum mainnet archive node service ArchiveNode.io says it will be shutting down, claiming that the project has been a success.

On April 4, ArchiveNode.io announced it was sunsetting its services after more than three years of providing free Ethereum mainnet archive node services to developers, students and researchers.

An Ethereum Archive Node is an instance of an Ethereum client configured to build an archive of all historical states. This type of node is a useful tool for querying historical blockchain data that is not accessible on full nodes.

Additionally, Archive Nodes are not required to participate in block validation so they can theoretically be built from scratch; however, they do require much greater storage capacity.

The announcement was made by DeFi Dude, who initiated the project and claimed it was being shut down because we succeeded," adding:

He added that nobody was running Archive Nodes when the project started. The only option was to pay Ethereum infrastructure provider Infura $250 monthly to access archive data.

The goal of the project was to get archive data into the hands of developers, students, and researchers who wanted to build cool shit, but didnt have the time, money, or resources available to run their own archive node.

He confirmed the project was never to make money or profit.

Related:SEC lawsuit claims jurisdiction because ETH nodes are clustered in the US

He added there is currently a robust remote procedure call (RPC) provider market offering access to archive data making the project obsolete.

ArchiveNode.io thanked the Ethereum Foundation for their initial grant of $10,000 in Amazon Web Services (AWS) credits to get the project off the ground.

According to a Cointelegraph report from August, just three centralized cloud providers account for more than two-thirds of Ethereum nodes. More than half of the total nodes were hosted on AWS, according to data at the time.

Features: Account abstraction supercharges Ethereum wallets: Dummies guide

Read more here:

Ethereum Archive Node service shuts down, saying it succeeded - Cointelegraph

The Cosmos team took to Twitter on April 6 to share more about IBC-Solidity. The team announced that IBC (Inter-Blockchain Communication) would be expanding to other blockchains like Ethereum. In detail, the Solidity implementation of IBC aims to connect Ethereum to Cosmos.

By using IBC-Solidity, it will now be possible to facilitate the transfer of messages, tokens, and data across a variety of blockchains. This includes blockchains like Ethereum, EVM-compatible blockchains, and Enterprise Ethereum.

The Twitter post also added that by being EVM-compatible, IBC-Solidity can also be used to connect chains like BSC, Polygon, and Avalanche. In addition to this, IBC-Solidity can then be utilized in cross-chain bridges to connect these public chains.

ATOM price Source: CoinMarketCap

Despite this announcement from yesterday, Cosmos (ATOM) is currently one of the cryptocurrencies trading in the red. CoinMarketCap indicates that ATOM is now worth about $10.97 after a 3.48% price decrease over the last day. The crypto also reached a high of $11.59 over the same time period.

Looking at the altcoins weekly performance, it is clear that the crypto still has a bit of work to do to creep back in the green zone as ATOM is down by just more than 1% over the last seven days. At the moment, ATMs 24-hour trading volume is in the green and stands at $160,896,454 after a more than 12% increase since yesterday.

Its market cap of $3,138,919,550 means that ATOM is currently ranked as the 22nd biggest crypto in terms of market capitalization.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post Cosmos Reveals IBC-Solidity Aims To Connect Ethereum To Cosmos appeared first on Coin Edition.

See original on CoinEdition

Read market moving news with a personalized feed of stocks you care about.

Get The App

See the original post here:

Cosmos Reveals IBC-Solidity Aims To Connect Ethereum To ... - Investing.com

PancakeSwap, a decentralized exchange, or DEX, with more than 1.5 million unique users, introduced Version 3 on the Ethereum and BNB Chain networks on Monday.

The upgraded platform will offer the cheapest fees for on-chain trades among counterparts such as SushiSwap and Uniswap and increased returns for liquidity providers, the exchange's developers told CoinDesk on Sunday.

PancakeSwap V3 also introduces features that enhance the platform's capital efficiency. These include allowing liquidity providers to concentrate their capital on smaller price ranges, a feature that results in higher fee earnings from the same amount of deposits, the developers said.

V3 will introduce four different trading fee tiers: 0.01%, 0.05%, 0.25% and 1%. V2 offered a single tier of 0.25%. Each token pair can have a liquidity pool for each fee tier, with asset pairs gravitating toward the tier where incentives for both liquidity providers and traders are most rewarding.

This approach is designed to ensure a balance between traders paying the lowest fee tier while still incentivizing the highest possible liquidity from LPs.

In the future, PancakeSwap V3 will introduce two new features: A V3 VIP trading rewards program and a position manager feature.

The VIP program is a tiered system that rewards traders for their trading volume with exclusive benefits such as a chance to get up to a 5% trading fee rebate which may incentivize more platform activity and improve PancakeSwaps revenue.

The "position panager" feature will allow traders to easily deposit liquidity and optimize that position, based on fees and rewards, over time. The tool eliminates the need for manual calculations for third-party integrations, allowing users to automatically adjust their positions and earn fee rewards while staying within range.

Both these features are in development now and are expected to be introduced soon.

PancakeSwap V3 is also compatible with all tools built for the version 3 of Uniswap, which is the largest DEX by daily users and trading volume. PancakeSwap had over $2.5 billion in total value locked as of Monday. Uniswap had $3.9 billion, DefiLlama data shows.

Excerpt from:

PancakeSwap DEX Launches Version 3 on BNB Chain and Ethereum - CoinDesk