Policy think tank asks Philippine government to ban Binance over promotions
Binance responded to the letter saying that they take compliance seriously and are looking to secure licenses in the country.
Binance responded to the letter saying that they take compliance seriously and are looking to secure licenses in the country.
I will give a bit of insight first. I heard about crypto a long time ago, when BTC was created. I've read about it on online blogs and articles, but didn't gave enough attention to it. I tried mining it with what little I had for about a week, but didn't get much, so I…
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The company plans to use the funds to build a gaming ecosystem based on Libplanet blockchain technology.
The Investment Association believes the new technology will bring significant cost savings for end investors.
submitted by /u/Perfect_Ability_1190 [link] [comments]
The Central Bank of Nigeria (CBN)’s attempt to incentivize the country’s forex market through the so-called “Naira for Dollar” scheme has failed. This is evidenced by the local currency’s plunge of more than 25% since the launch of the incentive scheme in March 2021. Naira Depreciation The CBN’s scheme that encourages recipients of cross-border remittances […]
Genesis Trading soldiers on after confirming 3AC exposure, while parent company Digital Currency Group assumes a portion of liability after losses.
Sandbox (SAND) was one of the most active cryptocurrencies on Thursday, with values increasing by as much as 14 percent. After reaching a low of $1.13 on Wednesday, the SAND/USD pair reached a session high of $1.28 earlier today. The token reached its highest level since June 25 and drew closer to a crucial resistance level as a result. During the same timeframe, the market capitalization of the token increased by 15 percent. It was valued at $1.58 billion as of press time, according to data from Coingecko. Suggested Reading | ATOM Rises To Multi-Week High, Daily RSI Shows Bullish Pattern Major Indicators Showing Positive Values According to Santiment statistics, SAND’s major indicators improved over the past day, with the exchange flow balance exhibiting a positive value of $1,411,000. In the previous 24 hours, significantly more SAND tokens were supplied to exchanges than were withdrawn. In such circumstances, a further price increase is anticipated. Based on the chart, this resistance is located at $1.35 and has not been breached since late May, when prices were trading near $1.50. To not only reach this ceiling, but perhaps surpass it, the 14-day relative strength index would need to surpass its own barrier. As of Thursday at midday, the SAND RSI is tracking at 57.50, which is just below the level of resistance at 58. Crypto total market cap at $901 billion on the daily chart | Source: TradingView.com Coinbase Merge Pushes SAND Price Up This week’s news that The Sandbox has successfully merged with Coinbase Wallet and enabled LAND deployment on Polygon has provided a much-needed push to the price of metaverse currencies, causing a 20 percent increase. Since the announcement, the price of SAND has peaked at $1.17 before declining. In comparison, its 24-hour minimum price was $0.95. Investors in SAND will hope that the positive news will cause the price to rise over $1.30, which will signal to the larger market that SAND is on a bullish run that may be sustainable. Suggested Reading | Ethereum Gains 10% In 24 Hours – Is ETH Set To Rally Further? At the time of writing, significant accumulation of the SAND token was occurring, as the Money Flow Index (MFI) was at 74.47. The position of these key indications suggest considerable purchasing pressure within the previous 24 hours. Several crypto assets contributed to a 5 percent increase in the capitalization of the global cryptocurrency market over the past 24 hours. SAND was among the major assets to have a price increase during this timeframe. Featured image from DataDrivenInvestor, chart from TradingView.com
The talks to allow digital currencies to exist in U.S. economy are underway. The suggestion is to achieve this by linking cryptocurrencies to the U.S. dollar. This contemplation took place on Tuesday at a meeting held by the U.S. Fed. At the meeting, a panel of speakers stated that the dollar status would gain more strength with crypto assets in the U.S. economy. Moreover, this will also give a boost to the digital currency industry. Strength Of Dollar Could Improve Through Cryptocurrencies The current state of cryptocurrencies is still posing some level of uneasiness in the mind of cryptocurrency traders. Many still doubt that the market will take a bullish turn sooner than later. Considering this, the panelists thought it wise to mention incorporating these digital currencies into the U.S. dollar. They believe that this will improve the status of the dollar and the cryptocurrency community. The panel added that the rise would be possible as crypto traders continue to use these digital currencies, particularly the CBDCs. They stated that the dollar changes would be evident in its role in the international market. According to the Fed Chair, Jerome H. Powell, there is a tendency for altcoins and stablecoins to increase in price. He made this statement last month. This reveals that the move to link cryptocurrencies to the U.S. dollar has been in the pipeline. He added that due to the fast growth of these digital assets, the Federal Reserve is now assessing the use of CBDCs. Related Reading | Bitcoin Weekly RSI Sets Record For Most Oversold In History, What Comes Next? The idea behind the assessment is to know whether or not a CBDC would stand the test of domestic payment efficiency and safety. In addition, according to the U.S. Fed’s white paper, a CBDC could contribute positively to maintaining the international status of the U.S. dollar. CBDCs As An Improvement To The U.S. Dollar Going further in the discussions between the panelists, specific questions were addressed. One of which was whether or not the roles of the dollar can be positively affected by crypto technology. They concluded that the technological aspect alone of these digital currencies could not improve the ecosystem of this globally recognized currency. This response had a reason backing it up; the ecosystem of these cryptocurrencies revolves only around retail investors. Also, there were steps to migrate to institutional investors, but those became abortive due to the missing regulatory framework. Related Reading | Bitcoin Monthly Tags Lower Bollinger Band, Tool’s Creator Hints At Bottom As a result, the US CBDCs will concentrate on retail sectors. This prevents any threat to the U.S. dollar while maintaining its international status. However, they also cited that there are still restrictions on the possibility of using cross-border CBDCs. Featured image from iStockPhoto, Charts from TradingView.com
When I call gasPrice and maxFeePerGas I am getting: var rates = await provider.getFeeData(); ethers.utils.formatUnits(rates.gasPrice, 9); //=15.3399 ethers.utils.formatUnits(rates.maxFeePerGas, 9); //= 30.1798 ethers.utils.formatUnits(rates.maxPriorityFeePerGas, 9); //=1.5 But according to Gas Tracker ( https://etherscan.io/gastracker ) I should be getting: Low: 14 gwei Medium: 15 gwei High: 15 gwei According to the Internet, gasPrice is a legacy method and…
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