Category Archives: Cryptocurrency
Crypto Billionaires: 11 Individuals Who Struck it Crazy Rich with … – Techopedia
Since the advent ofcryptocurrencies, a select few individuals have become integral players in the space andhave amassed incredible fortunesin the process.
From the founders ofmajor crypto exchanges to basic investors and hedge funds that have been on the right side of the fence, these individuals have all struck it rich through their involvement with cryptocurrencies.
The industry has introduced some fundamental changes to the concept of wealth creation, offering ordinary individuals opportunities to amass unparalleled fortunes in a relatively short amount of time.
Whether through investing in early digital currencies like bitcoin (BTC) andethereum(ETH) or through launching their own successfulblockchain-based platforms, these crypto millionaires and billionaires have reshaped the financial landscape and have become influential figures in the industry.
This article delves into the backgrounds, stories, and meteoric rises to wealth of 11 such individuals who have leveraged the disruptive power of cryptocurrencies to secure their place among the worlds elite.
Changpeng Zhao, commonly known as CZ, is a Chinese-Canadian entrepreneur and the founder and CEO ofBinance, the worlds largest cryptocurrency exchangein terms of trading volume.
CZs journey to wealth began in the early 2000s when he startedworking in the tech industry. He held various positions at companies like Bloomberg Tradebook, Fusion Systems, and Blockchain.com. His experience in these roles gave him a deep understanding of trading systems, matching engines, andblockchain technology.
CZs wealth primarily stems from his success with Binance and its affiliated tokens. He founded the company in 2017 and spearheaded it to become one of the most popular and influential cryptocurrency exchanges globally.
Through Binance, CZ introduced binance coin (BNB), which gained widespread adoption as the exchange grew in popularity. BNB has since appreciated significantly in value, further contributing to CZs wealth.
It is important to note that CZs estimated net worth is not publicly available, as Binance is a privately held company. However, Forbes estimatesCZs wealth at $10.2 billion. Some analysts believe that the crypto billionaire is much wealthier, but these claims are nothing more than speculation. The media also declares that the crypto boss was worth $65 billion in 2022 before the crypto meltdown.
Brian Armstrong is an American entrepreneur and the co-founder and CEO ofCoinbase, the largest US-based cryptocurrency exchange.
Prior to Coinbase, Armstrong worked as a software engineer atvarious tech companies, includingIBMand Airbnb. However, it was his involvement with cryptocurrency that paved his way to fortune.
In 2012, Armstrong co-founded Coinbase. Courtesy of its easy-to-use interface androbust security measures, the platform found increasing popularity among both novice and experienced crypto enthusiasts.
Coinbases success has been closely intertwined with the surging popularity of cryptocurrencies, particularly bitcoin. As the value of cryptocurrencies soared, Coinbase benefited from the increased trading volumes, transaction fees, and exchange commissions, all of which contributed to Armstrongs wealth.
Furthermore, Coinbase became the first cryptocurrency exchange to go public. In April 2021, the companys shares werelisted on the Nasdaq stock exchangethrough a direct listing, making Armstrong a billionaire as his stake in the company gained significant value.
According to Forbes, Armstrong is nowworth $3.8 billion. The crypto veterans wealth reached an all-time high of $6.6 billion last year before the crypto market downturn.
Barry Silbert is an American entrepreneur and investor who is best known as the founder and CEO of Digital Currency Group (DCG), aventure capitalfirm focused on the cryptocurrency industry.
Silbert began his career in finance working at the investment banking firm Houlihan Lokey, focusing on distressed debt. In 2004, he founded SecondMarket, an online marketplace for illiquid assets, includingprivatecompany shares.
Silbert recognized the potential of Bitcoin early on and founded the Bitcoin Investment Trust (BIT) in 2013, which offered accredited investors the opportunity toinvest in bitcoin without needing to directly hold the digital currency. BIT became the first publicly traded BTC investment vehicle, and it played a significant role in bringing bitcoin into the mainstream.
In 2015, Silbert rebranded SecondMarket as Digital Currency Group (DCG), expanding the companys focus to include not just Bitcoin but also other cryptocurrencies andblockchain-based technologies.
DCG has since become a major player in the cryptocurrency industry through its diverse portfolio of investments and its subsidiary companies, including Grayscale Investments, Genesis, CoinDesk, and more.
Through his successful ventures in cryptocurrency and blockchain-related investments, Silbert has amassed significant wealth. According to Forbes, Silberts wealth isestimated at $3.2 billion.
Chris Larsen is an American entrepreneur and business executive known for his involvement in the creation of cryptocurrency companies. He co-founded Ripple Labs, the company behind the controversial blockchain-based payment protocol called Ripple.
Ripples XRP cryptocurrencyquickly gained popularity and became one of the largest cryptocurrencies by market capitalization. And through his involvement with Ripple, Larsen accumulated significant wealth.
Forbes has recognized him as one of the richest people in the cryptocurrency industry. At thepeak of XRPs valuein early 2018, Larsens estimated net worth reached $4.6 billion. His current net worth isestimated at $2.6 billion.
Jed McCaleb is an Americanprogrammer and entrepreneur. He is best known as the co-founder and former CTO of Ripple, a digital payment protocol, and the creator of the decentralized cryptocurrency stellar lumen (XLM).
In 2010, McCaleb became interested in Bitcoin and founded the first major Bitcoin exchange, Mt. Gox. The platform grew to handle over 70% of all bitcoin transactions at its peak. However, it faced security issues and was eventually hacked, resulting in the loss of a significant amount of BTC. McCaleb sold Mt. Gox to Mark Karpeles in 2011 and distanced himself from the platform.
Following his experience with Mt. Gox, Jed McCaleb turned his attention to creating a new decentralized cryptocurrency. In 2014, he co-founded Ripple and served as the CTO of Ripple until 2013.
After leaving Ripple, McCaleb focused on creating Stellar. Launched in 2014, the project aims to connect financial institutions and facilitate cross-border transactions for the unbanked population.
Through his ventures, particularly the creation and development of Ripple and Stellar, Jed McCaleb has accumulated a massive fortune. Forbes estimates that he iscurrently worth $2.4 billion.
Devin Finzer is the co-founder of OpenSea, one of the largest marketplaces fornon-fungible tokens(NFTs) and digital assets. OpenSea gained significant popularity with the rise of NFTs, which are unique digital assets verified by blockchain technology.
Prior to OpenSea, Devin Finzer worked as asoftware engineerat Pinterest. He teamed up with Alex Atallah in 2017 to launch OpenSea, which quickly became a prominent platform for buying, selling, and trading NFTs.
The marketplace gained significant attention in 2021 as NFTs became mainstream, attracting high-profile buyers and sellers. OpenSea has also reported billions of dollars in transaction volume on its platform, taking a small commission on each sale.
As a result, Finzer has amassed significant wealth through his role as co-founder of OpenSea. He is currently estimated to have anet worth of $2.2 billion.
Alex Atallah is a technology entrepreneur and another co-founder of OpenSea. Atallah has a diverse background, beginning his career in investment banking atJ.P. Morganbefore co-founding a couple of startups.
He co-founded a mapping technology start-up called Sensopia in 2010, which developed the popular MagicPlan app that allows users to create floor plans usingaugmented reality. The app gained traction and became successful, contributing to Atallahs early success.
In 2017, Atallah shifted his focus to the emerging field of blockchain technology and NFTs. Alongside Devin Finzer, he co-founded OpenSea, which would go on to become theleading marketplace for trading digital assets, particularly NFTs.
The companys success has positioned Atallah as a prominent figure in the NFT space. Similar to Finzer, Atallahs net worth isestimated at $2.2 billion.
Kim Hyoung-Nyon is a well-known South Korean fintechentrepreneur. He is the co-founder and executive vice president of Dunamu, which operates South Koreas dominant cryptocurrency exchange.
Hyoung-nyon launched Dunamu with Song Chi-hyung in 2012. Since then, the company has become the most popular crypto exchange in South Korea and has attracted substantial investment from notable firms, including Kakao Ventures and Altos Ventures.
Through his involvement with Dunamu, Hyoung-Nyon has become one of South Koreas first crypto industry billionaires. Forbes estimates his networth at $1.95 billion.
Nikil Viswanathan and Joe Lau are co-founders of Alchemy, a technology company thatprovides infrastructurefor blockchaindevelopers. They started Alchemy in 2017 with the aim of providing developers with tools and services to builddecentralized applications(dApps) on the blockchain.
Alchemy offers a range of solutions to help developers improve the performance,scalability, and user experience of their dApps. Both Viswanathan and Lau have backgrounds in technology and engineering, and they have been instrumental in driving the growth and success of Alchemy in the blockchain industry.
In February last year, the company raised $200 million at a $10.2 billion valuation, making Viswanathan and Lau billionaires. According to Forbes, Viswanathan and Lau areeach worth $1.8 billion.
The Winklevoss twins, Cameron and Tyler, are American entrepreneurs and investors renowned for their involvement in the early development of Facebookand their significant investments in the cryptocurrency industry.
In 2012, the Winklevoss twins discovered bitcoin and began investing heavily in the coin, purchasing around 1% (approximately 100,000 BTC) of the total circulating supply at that time. This early investment helped them amass a substantial amount of wealth as the value of the coin skyrocketed.
Additionally, Cameron and Tyler Winklevoss co-founded Gemini, a cryptocurrency exchange, in 2014. Gemini has become one of the leading exchanges in the United States. Their involvement in the exchange further contributed to their overall wealth.
Forbes currently estimates theirnet worth at $1.5 billion each. Their net worth reached an all-time high of around $4 billion last year.
Fred Ehrsam is an American entrepreneur and investor known for his involvement in the cryptocurrency industry. He co-founded Coinbase with Brian Armstrong in 2012.
Ehrsams journey toward wealth began when he joined Goldman Sachs as a trader in the firmsforeign exchange (forex) division. However, his interest in cryptocurrencies and blockchain technology led him to leave Goldman Sachs and co-found Coinbase.
Under Ehrsams co-leadership, Coinbase experienced rapid growth and became one of the most prominent players in the cryptocurrency industry. It attracted millions of users and facilitated billions of dollars in cryptocurrency transactions.
While Ehrsam left Coinbase in 2017, he still managed to make a fortune from his involvement in the exchange. According to Forbes, Ehrsam iscurrently worth $1.3 billion.
All in all, the rise of cryptocurrencies has undeniablycreated a new wave of millionaires and billionaires. While they might have earned their fortunes in different ways, they all had something in common: they saw the potential in thisemerging technologyand were willing totake on some risks.
However, its important to note that not everyone who entered the crypto market experienced the same success. Furthermore, thevolatile nature of cryptocurrenciesand theever-changing regulatory landscapemake it essential for potential investors to proceed with caution.
Nonetheless, the stories of these crypto billionaires serve as a testament to the potential for wealth creation that lies within this disruptive technology. As cryptocurrencies continue to evolve and gain mainstream acceptance, there may be more success stories on the horizon.
Before you decide to invest in any cryptocurrency, always make sure to do your own research first.
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Crypto Billionaires: 11 Individuals Who Struck it Crazy Rich with ... - Techopedia
DogeMiyagi Top 5 Cryptocurrencies for Innovation: DogeMiyagi … – Analytics Insight
Top 5 Cryptocurrencies for Innovation: DogeMiyagi, XRP, Cardano, Solana, and Dogecoin
The top 5 cryptocurrencies have never been easier to identify than in this article.
Innovation plays a vital role in determining their potential value and impact when investing in cryptocurrencies. In the following paragraphs, we will explore the innovative features of DogeMiyagi (MIYAGI), XRP, Cardano (ADA), Solana (SOL), and Dogecoin (DOGE) and how investing in these cryptocurrencies can benefit your portfolio. So, lets take a closer look at what makes these platforms unique and why they should be on the radar of crypto enthusiasts.
XRP, created by the founders of Ripple, is revolutionising currency exchanges by facilitating fast and efficient transact crypto markets evolutionary types, including fiat currencies and major cryptocurrencies.
As of July, 2023, XRP has experienced an impressive rise, with its price increasing by 7,800% since the beginning of 2017. With a market cap of $24.9 billion, XRP has established itself as a prominent player in the crypto market, offering innovative solutions for seamless cross-border transactions.
Cardano stands out for its early embrace of proof-of-stake validation, which expedites transaction time, reduces energy usage, and minimises environmental impact compared to traditional proof-of-work systems.
Like Ethereum, Cardano enables smart contracts and decentralised applications (DApps) powered by its native coin ADA. Since 2017, ADA has experienced a growth of 1,358%, with a market cap of $10.2 billion. Cardano offers a unique investment opportunity by embracing innovative approaches to transaction verification and decentralised applications.
Solana has emerged as a powerful force in decentralised finance (DeFi), decentralised apps (DApps), and smart contracts. Its unique hybrid proof-of-stake and proof-of-history mechanisms enable fast and secure transaction processing. SOL, Solanas native token, powers the platform and has gained significant attention in the crypto market.
Since its launch in 2020, SOL has experienced impressive growth, with its price rising by 2,776%. With a market cap of $8.9 billion, Solana offers an innovative solution for those seeking to participate in the growing world of DeFi and DApps
Dogecoins journey from a joke to a prominent cryptocurrency is a testament to its innovative community and creative memes. While there is no limit to the number of Dogecoins that can be created, its dedicated community has driven its popularity and growth.
With a market cap of $9.1 billion, Dogecoin has witnessed an astonishing price increase, soaring by 32,362% since 2017. Despite its unconventional origins, Dogecoin presents an innovative investment avenue for those seeking a cryptocurrency with a vibrant community and potential for growth.
DogeMiyagi (MIYAGI) has captured passionate investors hearts, successfully creating a dedicated and engaged community. This innovative project introduces the concept of Non-Fungible Tokens (NFTs) in a truly revolutionary way. With enticing incentives and captivating giveaways, DogeMiyagi offers participants an immersive and enchanting experience unlike any other in the crypto space.
DogeMiyagis vision emphasises community involvement through a decentralised autonomous organisation (DAO), ensuring meaningful voice and rewards for community members. The Ethereum network provides transparency, security, and sustainability. The projects community-centric development plans have garnered widespread attention and positioned it as a promising player in the crypto market. DogeMiyagis impressive debut has garnered widespread attention and enthusiasm.
We can ride the waves of the crypto market and shape the future of finance. Take advantage of this opportunity to be part of something truly innovative. Join MIYAGI now!
To conclude, the top 5 cryptocurrencies for innovation, including DogeMiyagi, XRP, Cardano, Solana, and Dogecoin, present unique opportunities for anyone seeking to diversify their portfolios.
Whether its the viral crypto fun of DogeMiyagi, the revolution in cross-border payments with XRP, the future of smart contracts through Cardano, the scalability advancements of Solana, or the community-driven impact of Dogecoin, each cryptocurrency brings something innovative to the table.
By investing in these cryptocurrencies, individuals can benefit from the growth of these innovative ecosystems and align their portfolios with the exciting developments happening in the crypto market.
Website: https://dogemiyagi.com
Twitter: https://twitter.com/_Dogemiyagi_
Telegram: https://t.me/dogemiyag
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DogeMiyagi Top 5 Cryptocurrencies for Innovation: DogeMiyagi ... - Analytics Insight
Cryptocurrency NEAR Protocol Rises More Than 3% In 24 hours By … – Investing.com UK
Benzinga - Over the past 24 hours, NEAR Protocol's (CRYPTO: NEAR) price rose 3.04% to $1.36. This continues its positive trend over the past week where it has experienced a 1.0% gain, moving from $1.34 to its current price. As it stands right now, the coin's all-time high is $20.44.
The chart below compares the price movement and volatility for NEAR Protocol over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
The trading volume for the coin has fallen 28.0% over the past week which is opposite, directionally, with the overall circulating supply of the coin, which has increased 0.2%. This brings the circulating supply to 931.29 million. According to our data, the current market cap ranking for NEAR is #40 at $1.27 billion.
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2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Cryptocurrency NEAR Protocol Rises More Than 3% In 24 hours By ... - Investing.com UK
Bitcoin maintains price above $30k as more investors hold their assets – CoinJournal
Key takeaways
Bitcoin has maintained its value above $30k as more investors hold their cryptocurrency assets.
AltSignals stage-2 presale has now surpassed 50%, with more than $1.1 million raised so far.
The cryptocurrency market has been stagnant for the last two weeks, with the prices of most coins and tokens trading within specific ranges.
Bitcoin, the worlds leading cryptocurrency by market cap, has maintained its value around the $30k region over the past few weeks.
Rising inflation figures in the United States and other parts of the world have led to the Federal Reserve hiking interest rates in recent months.
However, the Fed didnt increase interest rates last month, and investors are now optimistic that the US apex bank might decrease interest rates later this month.
The SU Consumer Price Index for June was 0.2%, lower than what market analysts had expected. With inflation declining in the US, the Fed might reduce its interest rates in the near term.
If that happens, the cryptocurrency market could experience a positive performance. At press time, theprice of Bitcoin stands at $30,566, up by less than 1% in the last 24 hours.
Data obtained from Glassnode revealed that the number of wallets holding at least one BTC had reached an all-time high of 1,008,737 million.
As more people are holding Bitcoin, investment in other cryptocurrencies could increase in the near term. Investors could be looking to enter new projects and make excellent returns.
One of the projects investors could consider is AltSignals.AltSignals is still in its presale stage and has already raised more than $1 million in its second presale round.
Before investing in AltSignals, it is advisable to know what the project is and the problem the developers intend to solve in the market.
AltSignals is a project that primarily targets traders. It is a trading platform that provides trading signals for stocks, forex, indices, cryptocurrencies, and CFDs.
Although AltSignals is still in its presale stage, the team has raised more than $1 million and will use the funds to develop its platform.
The stage-2 presale has raised more than $1 million so far, with the team targeting around $2 million in this round.
ASI, the native token of the AltSignals ecosystem, is currently sold for 0.01875 USDT. The token price could increase in the near term once the project officially launches and gets listed on cryptocurrency exchanges.
In their whitepaper, the AltSignals team revealed that they would use the funds to develop ActualizeAI, a solution that could make it easier for more people to enter the cryptocurrency trading scene.
ActualizeAI will be AltSignals fully automated solution that would make it easier for people to trade cryptocurrencies.
Visit the official AltSignals website to learn more about their presale.
Bitcoin and the broader cryptocurrency market have performed well since the start of the year. Year-to-date, Bitcoin is up by nearly 50%, outperforming the other major financial markets.
Market analysts predict that Bitcoins price could surge higher in the medium to long term. If that happens, other cryptocurrencies could record massive gains too.
One of the projects to look out for is AltSignals. Although it is still in its presale stage, AltSignals could be a project that changes the way traders approach the market.
If the development team delivers on its promise of a platform dedicated to traders,AltSignals could see an influx of traders on its platform, and that would result in ASIs price soaring higher over the next few months and years.
The launch of ActualizeAI could be a huge boost for AltSignals as the project seeks to attract more traders to the cryptocurrency ecosystem.
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Bitcoin maintains price above $30k as more investors hold their assets - CoinJournal
The World of Cryptocurrency: Opportunities and Risks – Bitrates
Cryptocurrency has taken the financial world by storm. In recent years, it has gained immense popularity, with Bitcoin leading.
The world of cryptocurrency extends far beyond Bitcoin, offering exciting opportunities and potential risks.
Cryptocurrencies are decentralized digital assets that rely on blockchain technology to secure transactions, control the creation of new units, and verify the transfer of assets. Blockchain, the underlying technology of cryptocurrencies, is a distributed ledger that records all transactions across a network of computers.
Heres a Crypto and Bitcoin poker guide to explore the prospects and risks of cryptocurrencies so you can make informed decisions.
A cryptocurrency is a digital currency that utilizes cryptographic technology, which emerged in 2009 with the introduction of Bitcoin. Since then, the world has witnessed immense growth in the number of cryptocurrencies and their overall market value. Cryptocurrencies have disrupted traditional financial systems and captured the attention of investors, entrepreneurs, and technologists worldwide.
Many exciting investment opportunities are presented with cryptocurrency. Investors can participate in cryptocurrency markets through exchanges to buy, sell and trade various cryptocurrencies. Here are some great opportunities that await cryptocurrency investors:
The cryptocurrency market has witnessed significant price fluctuations, presenting opportunities for investors to generate high investment returns. While volatility can pose risks, it also opens doors for astute investors who can capitalize on price movements through well-informed trading strategies.
Cryptocurrencies provide an avenue for portfolio diversification, reducing the reliance on traditional asset classes such as stocks and bonds. By incorporating cryptocurrencies into an investment portfolio, individuals can potentially reduce overall risk and increase potential returns.
The rapid growth of the cryptocurrency market has spurred technological innovation in various domains. Blockchain technology, the backbone of cryptocurrencies, has applications beyond financial transactions, including supply chain management, healthcare, and voting systems.
This innovation creates new job opportunities and drives economic growth in emerging sectors, fostering a dynamic and evolving landscape.
While opportunities in cryptocurrency are enticing, it is important to be aware of the risks involved. Here are some potential risks with cryptocurrency:
Cryptocurrencies are known for their extreme price volatility. While this volatility presents opportunities for gains, it also exposes investors to significant risks. The value of cryptocurrencies can experience rapid and unpredictable changes, influenced by factors such as market sentiment, regulatory decisions, and technological developments.
Because of the continuous development of the laws and regulations governing cryptocurrencies, uncertainty, and possible danger exist. Governments around the world are grappling with how to regulate cryptocurrencies, resulting in a patchwork of regulations that vary across jurisdictions.
Regulatory decisions can impact market sentiment and influence the adoption and value of cryptocurrencies. Staying informed about regulatory developments is crucial for investors and participants in the cryptocurrency ecosystem.
While blockchain technology provides enhanced security compared to traditional systems, cryptocurrencies are not immune to security vulnerabilities and hacking risks. Cybercriminals target cryptocurrency exchanges, wallets, and users, attempting to exploit vulnerabilities and steal digital assets.
Cryptocurrency represents a new frontier in finance, offering exciting possibilities and potential dangers. As more businesses accept cryptocurrencies as payment and governments develop a clearer regulatory framework, the barriers to entry will diminish. This growing acceptance and integration will drive further innovation and expansion of the cryptocurrency ecosystem.
Disclaimer: information contained herein is provided without considering your personal circumstances, therefore should not be construed as financial advice, investment recommendation or an offer of, or solicitation for, any transactions in cryptocurrencies.
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The World of Cryptocurrency: Opportunities and Risks - Bitrates
Cryptocurrency in China: Central Bank Shake-Up Dims Hopes for … – Cryptonews
Source: AdobeStock / rabbit75_fot
Hopes that Chinas anti-crypto stance could soon change have been crushed by the appointment of a known crypto-critic as the Communist Partys top official at the Peoples Bank of China (PBoC).
According to a recent Wall Street Journal report, the Partys new appointee to the Chinese central bank is Pan Gongsheng, the banks current deputy governor.
The article also cited unnamed sources as saying that Pan will likely become the PBoCs next governor after being officially promoted to the top Communist Party official at the bank.
If that were to happen, Pan would have more power than his predecessor Yi Gang who was not a top party official as governor, given the system in China where the top party official outranks the administrative head of public entities.
Pan Gongsheng has held a long career in Chinas financial sector, and has previously served as the head of the State Administration of Foreign Exchange.
Notably, Pans reputation as a sharp crypto-critic comes from his role as the head of the Leading Group of Internet Financial Risks Remediation, an entity tasked with cracking down on crypto and overseeing Chinas vast financial-technology (fintech) sector.
In late 2017, Pan famously predicted the death of Bitcoin, saying, There is only one thing left to do: Sit by the river bank and see Bitcoins body pass by one day.
He followed up with more hawkish comments about crypto in 2018, saying the government would implement regulations aimed at shutting down crypto settlement providers, market-makers, guarantors, peer-to-peer lending vehicles, alternative trading platforms and crypto wallets.
The appointment of Pan as the central banks new Party chief and possibly as governor is a major blow to those who predicted that China was softening its approach to crypto thanks to Hong Kongs ambition of becoming a crypto hub.
Among those who have predicted such as softening is Binance CEO Changpeng Zhao (CZ), who called a TV segment on mainland Chinas CCTV about Hong Kongs crypto regulations a big deal.
Others followed up, with for instance the Chinese crypto entrepreneur and Tron founder Justin Sun, who said the segment could very well lead to an increased awareness and curiosity about cryptocurrencies.
However, this will not be the case according to David Qu, a China economist at Bloomberg Economics.
Based on my knowledge, no PBOC governor would support Bitcoin, commented in a Bloomberg article this week.
He added:
What happens in Hong Kong is irrelevant, as the China mainland usually views Hong Kong as an overseas market.
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Cryptocurrency in China: Central Bank Shake-Up Dims Hopes for ... - Cryptonews
Cryptocurrency Filecoin Falls More Than 5% In 24 hours – Benzinga
July 4, 2023 3:00 PM | 1 min read
Filecoin's (CRYPTO: FIL) price has decreased 5.71% over the past 24 hours to $4.57. This is contrary to the coins performance over the past week where it has experienced an up-trend of 15.0%, moving from $4.04 to its current price.
The chart below compares the price movement and volatility for Filecoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
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The trading volume for the coin has risen 197.0% over the past week diverging from the circulating supply of the coin, which has decreased 0.23%. This brings the circulating supply to 433.56 million, which makes up an estimated 22.1% of its max supply of 1.96 billion. According to our data, the current market cap ranking for FIL is #31 at $1.98 billion.
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2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Cryptocurrency Filecoin Falls More Than 5% In 24 hours - Benzinga
Cryptocurrency Uniswap Falls More Than 3% In 24 hours – Benzinga
July 4, 2023 3:00 PM | 1 min read
Over the past 24 hours, Uniswap's (CRYPTO: UNI) price has fallen 3.08% to $5.47. This is opposite to its positive trend over the past week where it has experienced a 3.0% gain, moving from $5.3 to its current price.
The chart below compares the price movement and volatility for Uniswap over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
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The trading volume for the coin has climbed 49.0% over the past week, moving opposite, directionally, with the overall circulating supply of the coin, which has decreased 0.05%. This brings the circulating supply to 753.77 million, which makes up an estimated 75.38% of its max supply of 1.00 billion. According to our data, the current market cap ranking for UNI is #21 at $4.12 billion.
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Cryptocurrency Uniswap Falls More Than 3% In 24 hours - Benzinga
How can the three policy responses (ban, contain or regulate) impact the cryptocurrency world – The Financial Express
Despite calling for the ban on cryptocurrency, the Reserve Bank of India recently said that one of its key focus is to create a framework of regulation which would include the possibility of prohibition of unbacked crypto assets, stablecoins and DeFi (Decentralised Finance). However, industry experts believe that at this stage, cryptocurrencies cannot be an alternative to fiat payments in India. The RBI has made it clear on different forums that it does not intend to recognise cryptocurrencies as legal tender in India. Lately, we can see the central banks stance hardening on DeFi too (where cryptocurrency acts in the nature of financial assets and not money) citing macroeconomic risks, Purushotham Kittane, technology lawyer, Nishith Desai Associates, a legal firm, told FE Blockchain, adding that compensation mechanisms involving cryptocurrency have been taken and will be continued to be made in compliance with the existing legal framework.
From what it is understood, Under Indias G20 presidency, the RBI has to consider both macroeconomic and regulatory perspectives to address the full range of risks posed by cryptocurrency assets, as per insights from its report titled The Financial Stability Report. Interestingly, last week the cryptocurrency market saw a rise of about $29.95 billion reflecting about a 3.18% increase. It is expected that this surge took place due to the burgeoning DeFi sector, which accounts for about $2.55 billion or 8.52% of volume in the cryptocurrency market.
Industry experts expect that the three policy responses (ban, contain or regulate) can address the risks posed to consumers, investors, market integrity and financial stability in the cryptocurrency market. The government has taken a practical approach to cryptocurrency, Also, India added cryptocurrency to the Prevention of Money Laundering Act (PMLA), where cryptocurrency enterprises must register and comply with anti-money laundering and counter-terrorism funding laws. So, it is believed that the government is taking steps towards cryptocurrency regulation, which might stabilise the cryptocurrency market, Rajagopal Menon, vice president, WazirX, a cryptocurrency exchange, explained.
Despite the ongoing ambiguity and tussle, the industry is optimistic that somewhere or someday the regulator will blink. Future aspects such as the introduction of cryptocurrency-based salaries can be expected. This might have the capacity to simplify payments and offer financial autonomy, based upon the existence of supportive regulatory structures, Edul Patel, CEO, co-founder, Mudrex, a global cryptocurrency-investment platform, concluded.
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How can the three policy responses (ban, contain or regulate) impact the cryptocurrency world - The Financial Express
Pepe Coin Becomes the 3rd Most Discussed Cryptocurrency in the … – Watcher Guru
The new meme kid in the block Pepe Coin became the third most talked about cryptocurrency in the world. Pepe Coin was launched in April 2023 and made a handful of investors who took an early entry position turn into millionaires. Read here to know how an early investor made $8 million in three weeks with an investment of $251 in Pepe. The rags-to-riches story is what made investors relentlessly talk about the token on social media last month.
Also Read:Shiba Inu: How Many Zeroes SHIB Deleted From July 2022 to 2023?
According to a recent report published by ICO Analytics, Pepe Coin is only behind Bitcoin and Ethereum in social dominance. Bitcoin took the top position with 17% mentions while Ethereum took the second spot with the same 17% mentions. Pepe Coin came close taking the third position with 16% of all social media mentions in June 2023.
Ripples native token XRP came fourth place garnering 10% of social mentions. BNB came fifth with 4.3% while Solana came in sixth spot at 4.2%. Subsequently, QNT took the seventh place with 3.8% mentions and ChainLink came eighth with 3.5%. In addition, APE coin and ARB took the ninth and 10th spots with 3% and 2.7% in social mentions, respectively.
Also Read:Shiba Inu: How Many SHIB Tokens Will Shibarium Burn? Explained!
Top 20 most discussed cryptocurrencies on Twitter in June 2023. In the chart below you can find a share of mentions of each coin among the top 150 coins by market cap, tweeted ICO Analytics.
Pepe Coin dramatically shot up in price in May but gradually declined as early investors indulged in sell-offs. The token is finding it hard to sustain in the indices as its down 60% from its all-time high. Nonetheless, Pepe Coin fared well in the last two weeks as it spiked 90% in the indices. However, its price is now declining as investors are booking profits.
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At press time, Pepe Coin was trading at $0.00000178 and is down 0.5% in the 24-hours day trade. It is also down 60% from its ATH of $0.00000431, which it reached on May 5, 2023.
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Pepe Coin Becomes the 3rd Most Discussed Cryptocurrency in the ... - Watcher Guru