#ftx #usdr đŻ Currently, ETH is trading in a sideways range, and it's challenging to predict its next move with precision.
If a daily candle closes above the $1749 level:
Expected targets are:
âïž1) $1870 âïž2 ) $1975 âïž3) $2134
If a daily candle closes below the $1500 level:
Expected targets would be:
âïž1) $1424 âïž2) $1350 âïž3) $1300
Given the current sideways price action, the best strategy is to closely monitor the market to see which direction the price will take in the near future.
Binance Labs has invested in Initia, a Layer 1 Network for 0-to-1 Rollups
Key takeaways:Binance Labs has invested in Initia, a Move Layer 1 Network on Cosmos with customizable Optimistic rollups for application developers to easily launch their own L2.This investment emphasizes Binance Labs' commitment to supporting novel infrastructure that will enable more Web2 developers to interact within the Web3 space.The funds raised will be put toward supporting the development of Initiaâs infrastructure and developer tools.Binance Labs, the venture capital and incubation arm of Binance, has invested in Initia, a network designed for highly interwoven modular rollups. The platform enables developers to build scalable and sovereign systems while abstracting away the fragmentation and complexities encountered with traditional modular and multi-chain systems. This investment emphasizes Binance Labs' commitment to supporting innovative infrastructure that will allow more Web2 developers to engage in the Web3 space.Initia is an L1 (Layer 1) on Cosmos with application-specific L2s (Layer 2) using Optimistic rollups. Through Initia's architecture, encompassing the L1, L2, and communication layers, developers can easily launch application-specific blockchains as Initia L2s without needing to know complex chain-level infrastructure or run validator sets. Project teams can design their own economy and user experience, incorporating features like native stablecoin and multi-chain bridging, in addition to just-in-time gas, ecosystem-wide asset fungibility, programmatic gas-free transactions, and account abstraction. Yi He, Co-Founder of Binance and Head of Binance Labs, commented: âBinance Labs is continually identifying infrastructure providers introducing novel solutions to accelerate the growth of Web3 applications. Initiaâs innovative architecture and tooling is a step forward towards widespread adoption among a new wave of developers.â#ftx #usdr
India Plans To Launch Global Database Of Crypto Exchanges By Next Year
India plans to introduce a comprehensive global database of cryptocurrency exchanges to help law enforcement agencies combat cryptocurrency-related crimes. This initiative is part of India's push to meet international regulatory standards for cryptocurrency assets. According to a report in The Economic Times, the launch is expected by the end of the current financial year.The global database of cryptocurrency exchanges is expected to play a key role in providing critical information on cryptocurrency assets, allowing law enforcement agencies, including the Enforcement Directorate (ED), Income Tax department and the Central Bureau of Investigation (CBI), to better track and monitor their use in criminal activities, such as money laundering.The Organization for Economic Co-operation and Development (OECD) recently released its Crypto Asset Reporting Framework (CARF), which focuses on collecting tax data on cryptocurrency transactions. The Home Ministry is also developing a Cryptocurrency Intelligence and Analysis Tool (CIAT). The tool is designed to monitor cryptocurrency transactions on the darknet
âĄïžIn our ongoing analysis of BTC, we observe the continued upward trajectory of its price. One of the most prominent positive indicators that can be noticed is the price breaking the downtrend at the $28,000 level.
This break is a strong signal for the price's gradual return to an upward direction. Based on the current price movement and the indicators we are monitoring, I expect to see the targets reached within this month:
đ$31,600 đ$34,000 đ$37,000
It's important to note that the upward momentum of BTC will have a positive effect on the entire market. We anticipate this will contribute to the market's gradual recovery.
#opbnb #XRP Start Free Mining with ChainMineNow, let's explore how ChainMine enables you to embark on your journey of free mining:1.     No Need for Expensive Hardware: The most significant advantage of ChainMine's Bitcoin Cloud Mining service is the elimination of upfront hardware costs. You can begin mining immediately without a substantial investment in mining equipment.2.     Effortless Mining: ChainMine simplifies the mining process, making it accessible to everyone. You don't need technical expertise or constant hardware monitoring. Start mining with ease and confidence.3.     Regular Earnings: ChainMine ensures that you receive regular payouts of the Bitcoins you mine, directly into your wallet. This steady stream of earnings allows you to accumulate Bitcoins over time.4.     24/7 Availability: ChainMine's data centers operate round the clock, ensuring that your mining activities never stop. This continuous mining process maximizes your earning potential.Join ChainMine Today and Start Free MiningIn conclusion, starting your journey into the world of Bitcoin mining has never been more accessible and convenient. ChainMine's Bitcoin Cloud Mining service empowers you to mine for free while giving you the freedom to customize your mining process according to your preferences. With no need for expensive hardware and a user-friendly platform, you can embark on your path to earning Bitcoins effortlessly.So, why wait? Join ChainMine today and unlock the exciting potential of free mining. With ChainMine, the power to accumulate and grow your cryptocurrency holdings is at your fingertips. Start your free mining adventure now and seize the opportunity to be a part of the Bitcoin revolution.https://chainmine.org/?ref=JPitm6h2
#opbnb đBinance Labs has selected 12 project teams to participate in Season 6 of the Binance Labs Incubation Program. Season 6 is set to kick-off on September 25th.
#ETH Crypto.news - Almost 70,000 collections of NFTs now have no market value, dappGambl estimated in a recent report.
The non-fungible tokens (NFT) market is going through hard times, as 69,795 out of 73,257 digital collections have a market cap of 0 Ethereum (ETH).
According to a report by dappGambl, only 20% of the identified collections have full ownership. It means nearly 80% of all NFT collections âhave remained unsold.â
The report doesnât specify which NFT collections have been overviewed but says NFT Scan provided the data. The firm believes that many NFT collections face difficulties with adoption due to the lack of clear use cases, compelling narratives, or genuine artistic value.
As per dappGamblâs estimations, around 195,699 NFT collections have no apparent owners, while the energy required to mint these digital tokens is comparable to the carbon footprint of 4061 passengers flying from England to New Zealand.
The chart of NFT collections grouped by their floor price | Source: dappGambl
DappGambl also found that slightly more than 40% of the top NFTs have a floor price between $5 and $100, while 18% of digital collectibles have no price. Only less than 1% of NFTs have a price tag of over $6,000, the report pointed out.
Nearly 95% of NFTs are now worthless, report says
Nearly 95% of NFTs are now worthless, report says
Crypto.news
Published Sep 21, 2023 07:37AM ET
Updated Sep 21, 2023 08:00AM ET
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Crypto.news - Almost 70,000 collections of NFTs now have no market value, dappGambl estimated in a recent report.
The non-fungible tokens (NFT) market is going through hard times, as 69,795 out of 73,257 digital collections have a market cap of 0 Ethereum (ETH).
According to a report by dappGambl, only 20% of the identified collections have full ownership. It means nearly 80% of all NFT collections âhave remained unsold.â
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âThis situation is telling of a significant imbalance between the creation of new non-fungible tokens (NFTs) and the actual demand for these digital asse
#ETH The bear market has not taken away the millionaire status of the largest NFT whales
The portfolios of the top 20 whales of the non-interchangeable token market contain NFTs worth at least $4.29 million.
Analysts point out that all of the top 20 NFT whales are NFT millionaires despite the ongoing bear market.
The richest whale was a user under the nickname SethS, whose portfolio is valued at 11,748 ETH, or $19.23 million.
Wilcox, the second richest NFT whale, follows with a portfolio valued at 11,336 ETH or $18.55 million.
Four of the top 20 NFT whales also ranked among the top 15 NFT traders. SethS leads the way as the top NFT whale and trader. Another user with the nickname Mr. 703 is in third place in both rankings.
"In other words, SethS and Mr. 703 are arguably some of the most successful early NFT investors, with a good balance between making profits and keeping NFT blue chips."
The CBDC Anti-Surveillance State Act, aimed at preventing âunelected bureaucrats in Washingtonâ from issuing a central bank digital currency (CBDC), has taken one step further on its procedural journey after it passed the House Financial Services Committee. According to a press release distributed by the billâs author, Representative Tom Emmer, on Sept. 20, the CBDC Anti-Surveillance State Act was passed out of the committee and favorably reported to the House floor. That means the bill will next face a congressional vote. Emmer stressed that the bill has already gained the support of 60 members of Congress. In his remarks regarding the committeeâs decision, Emmer once again emphasized the dangers of state control over currency and its incompatibility with American values: âAmerican values. American values. This is what the future global digital economy needs. If not open, permissionless, and private â just like cash â a central bank digital currency is nothing more than a CCP [Chinese Communist Party]-style surveillance tool that can be weaponized to oppress the American way of life.â Emmer and 49 original co-sponsors reintroduced the CBDC Anti-Surveillance State Act in the United States House of Representatives on Sept.14. It was first formally introduced to Congress in February 2023. Related: US Democrats speak up for CBDC global leadership, Republicans fear âdark sideâ The bill contains provisions that would prevent the Federal Reserve from issuing a CBDC to individuals and bar the Fed from utilizing any CBDC for the purpose of implementing monetary policy. In his recent interview with Cointelegraph, Emmer called digital assets a âsleeper issueâ in U.S. politics, both at the state and federal levels. According to Emmer, there is a generational divide in the U.S. in which residents could push back on policies that potentially inhibit the digital space and, in doing so, âflush outâ technologically ignorant lawmakers. Magazine: âAI has killed the industry.â EasyTranslate boss on adapting to change
#ETH SUBSCRIBE BUY BSVCG Coinbase on a mobile phone Home » Business » Brian Armstrongâs âMake Coinbase Great Againâ campaign falling flat
Brian Armstrongâs âMake Coinbase Great Againâ campaign falling flat BUSINESS 1 HOUR AGO
Steven Stradbrooke
Coinbase (NASDAQ: COIN) is trying to rally support for reducing regulatory oversight of its operations, even as U.S. regulators warn that additional oversight is on the way.
On Tuesday, the digital asset exchange issued a âcall to actionâ aimed at mobilizing what it claims are the 52 million Americans who own some form of âcrypto.â The exchange wants these minions, er, millions to call their congressperson on September 27, the Coinbase-designated âStand with Crypto Day,â to convince Congress to pass âclear, sensible legislationâ on digital assets.
Coinbase wants callers to put âintense focusâ on politicians in nine statesâAZ, CA, GA, IL, NH, NV, OH, PA, and WIâand the Georgia effort is weirdly focused on building âa club of crypto of at least 11,779 members.â We canât help but notice that is exactly one more than the 11,780 votes former President Donald Trump asked Georgiaâs Secretary of State to âfindâ to flip the stateâs 2020 presidential election results. Is the exchange road-testing a new âMake Coinbase Great Againâ slogan? Is Coinbase CEO Brian Armstrong about to crown his bald head with an epic blonde weave?
Rug or rug-pull, whatever Coinbase is planning, it doesnât seem to be working. Armstrong recently tweeted his irritation at the U.S. Commodity Futures Trading Commission (CFTC) having taken action against three âdecentralized financeâ (DeFi) platforms (Opyn, ZeroEx and Deridex).
The three platforms failed to clear a number of regulatory hurdles, leading CFTC enforcement director Ian McGinley to muse that âDeFi operators got the idea that unlawful transactions become lawful when facilitated by smart contracts. They do not.â
Armstrong said the CFTC âshould not be creating enforcement actions againstâ DeFi protocols and expressed the hope