EXCHANGE

Binance Global Advisory Board Established. Is the regulation preparing?

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Binance has started to innovate on the regulation and compliance process. Binance announced the establishment of the Global Advisory Board (GAB). The goal of the Global Advisory Board is to cooperate with regulatory bodies. GAB consists of distinguished experts in corporate governance, finance, economics and public policy.

The creation of the institution can be interpreted as a major step forward in Binance’s efforts to support the sustainable development of blockchain technology. The Global Advisory Board is chaired by former US Senator and Chinese Ambassador Max Baucus.

The institution met recently in France. Expressing his pleasure to be a part of GAB, Baucus said: ” Technologies that will add a new dimension to the global economy include cryptocurrencies, blockchain and Web3. These technologies are at the forefront of the most exciting and promising developments. It is a great honor for me to contribute to the establishment of the Binance Global Advisory Board. Our goal is to resolve the complex issues we face within the law and offer new recommendations.”

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

CARDANO NEWS

ADA price forecast and what will be the price performance in September

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Cardano (ADA) has been bearish since its last highs. The critical support for ADA is located at the $0.40 level. Cardano has experienced a drop from $0.59 to $0.43 since August 14, 2022. For now, bears control the price action. A larger downtrend could begin if the critical support at $0.40 is broken to the downside.

Cardano is a blockchain platform that allows transactions on its native token, ADA, and enables developers to build secure and scalable applications powered by it.

ADA tokens can also be used to vote on software policies. Each ADA holder owns a stake in the Cardano network. ADA stored in a wallet can be transferred to a pool of shares to earn rewards, or pledged to a pool of shares to increase the pool’s probability of receiving rewards.

Cardano is linked to various payment programs. It combines leading technologies to provide unmatched security and sustainability.

Cardano is built on the groundbreaking Ouroboros proof-of-stake consensus protocol. It is important to say that Cardano’s code is written in the officially designated Haskell programming language, which is widely used in the banking industry.

The team behind Cardano is united in a common purpose to enable positive global change and to power a new era of possibility together with its partners. It has a community of scientists, engineers, and thought leaders.

According to the latest survey, Cardano is more efficient than Paypal, YouTube and Netflix in terms of energy consumption. Charles Hoskinson, CEO of IOHK, said: “The advantage of what we have is that you can use most of your magic in the other two phases, as you don’t have to have a huge overhead and energy expenditure in deciding who to block.”

If central banks continue to act aggressively, this could potentially push the global economy towards a recession. In this case, most other cryptocurrencies, including Cardano (ADA), could fall further.

Source: cryptoparahaber.com

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

EXCHANGE

Samsung may open a cryptocurrency exchange

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After the Terra crisis this year, South Korea took drastic measures. Along with Samsung Securities, which will comply with these measures, 7 major brokerage houses have applied for a pre-license to open their own cryptocurrency exchanges.

In the news written by the NewsPim newspaper, 7 securities companies, one of the largest companies in South Korea, applied for a pre-license to open a cryptocurrency exchange in the first half of 2023. Only 2 company names were announced. Samsung Securities and Mirae Asset.

Mirae, South Korea’s largest investment bank with a market capitalization of $648 billion, plans to operate the exchange through a subsidiary it will establish under its advisory arm, Mirae Consulting. The company also aims to employ technical staff for the research and development of Bitcoin and other blockchain-based platforms.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

EXCHANGE

Investors withdraw their Bitcoins from exchanges

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Analyzing the data, it seems that after the collapse of crypto lending companies, investors began to slowly withdraw their Bitcoins from crypto exchanges. In its article, Glassnode Analysis firm stated that Bitcoin balance on exchanges has reached the lowest level in four years.

According to the post on Arcane Research’s Twitter account, Bitcoin investors have started to withdraw their assets from cryptocurrency exchanges at full speed. Arcane Research group shared information about the negative situation they have noticed since the beginning of the year. He stated that Bitcoin investors have withdrawn their Bitcoins from exchanges in an unprecedented way following the liquidity crisis at crypto lending companies such as Celsius, Babel Finance earlier this summer.

 Arcane Research

119 thousand Bitcoins were withdrawn from exchanges in June and 96 thousand in July. In August, 65,000 Bitcoins have been withdrawn from cryptocurrency exchanges so far. Prior to this summer, the largest amount of Bitcoin withdrawn from exchanges totaled 71,000 BTC.

Source: uzmancoin.com

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

EXCHANGE

Could it be a Coinbase stock market crash?

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For a few months now, we’ve heard news of crashes and bankruptcies in the crypto market. In addition, the events in the bear market negatively affected the companies. Many mining companies, stock exchange companies are going through hard times. During this time, some experts began to talk about the collapse of the American-based Coinbase company.

Business Insider reports that Coinbase has temporarily closed its affiliate marketing program in the US. According to an email to the three creators, the crypto exchange will suspend its program from July 19, citing current market conditions and the unfavorable outlook for the crypto industry.

America-based crypto exchange company Coinbase has suspended its affiliate programs, citing market conditions. Coinbase’s share prices have dropped nearly 85% from the all-time high of $357 to the current $53.79. In a letter to shareholders, the company reported that its first fiscal quarter results were directly affected by market volatility. They reported a financial loss of $430 million in the first quarter of 2022.

Coinbase CEO explained: Ben Armstrong, a major crypto influencer and creator of Bitboy Crypto, warned his followers that Coinbase could be in bankruptcy in recent history. Mike Dudas, co-founder of 6th Man Ventures, described the crypto exchange’s NFT platform as a failed launch.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

CARDANO NEWS

Cardano Price Ready To Take Action In The Coming Weeks

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Cardano’s ADA price is starting a bullish rally. ADA may be preparing for a 30% move. It ranks 6th on CoinMarketCap’s list of the largest crypto projects with a market capitalization of $22.05 billion.

Looking at 24-hour performance, ADA is up 1.85% in the last 24 hours. This brings its price to $0.6511. The price of ADA has also increased by 13.37% over the past seven days. This makes it the only coin to record double-digit gains on CoinMarketCap’s top 10 list last week.

The main reason for Cardano’s weekly price performance is the formation of the next big hard fork event called the Vasil Hard Fork. Historically, hard forks have seen the price of the ADA pump, and this time around is likely to be no different.

Source: coinquora

CARDANO NEWS

The number of projects created on the Cardano ADA network hits a record

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The number of projects created on the Cardano ADA network has exceeded 1000. A breakdown of the types of projects built on the Cardano network shows that 40.4% of these projects built on the Network are NFT collections. Despite what’s going on in its ecosystem, ADA is still in oversold territory. The Cardano network continues to make progress and has passed a major milestone, which is the number of projects currently being built on the Cardano network.

The distribution of project types built on Cardano Network shows that 40.4% of these projects built on the Network are NFT collections, the category with the highest percentage in the distribution.

The next highest percentage of projects are Community and Social projects, with the category accounting for 6.0% of 1,003 projects in the network.

Looking at the technical specifications of ADA, the token is still in the oversold region and its price is being held by the bears as the ongoing bear market continues. The price of ADA has also been on the decline since peaking around $2.55. Despite the drop in price and the crypto bear market, ADA is becoming a popular platform for blockchain developers due to the team’s rapid innovation aimed at making the network the fastest and most performing network in the crypto space.

The team also plans to make a series of upgrades in the coming months that will increase the throughput of the network, i.e. the transaction processing rate. This will make it an even faster network. Perhaps one of the biggest upgrades to come is the Vasil Hard Fork. Cardano (ADA) investors and the wider crypto community are looking forward to the Hard Fork Event.

Source: coinquora.com

CARDANO NEWS

Cardano ADA, Most Adopted Crypto in Bear Market, According to Survey

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Cardano is one of the most robust and stable blockchain networks in cryptocurrency. A tried and tested robustness has been proven. Hoskinson appears on Twitter in a recent poll conducted by @LondonRealTV, the Twitter account of the media company of the same name.

The survey shows that in a bad market, around 80 percent of respondents chose Cardano’s native token ADA over other major cryptocurrencies.

The value of ADA has risen today and has risen as high as 9 percent in the last 24 hours. Crypto seems to be loved more than Bitcoin, Ethereum or any other cryptocurrency. In the poll, ADA gained 78%, while Bitcoin and Ethereum gained 11% and 5%.

The ADA development team is currently working on the Vasil hard fork, which is expected to be released in July. The patch aims to streamline Cardano’s support for smart contracts.

The Cardano Hydra update is expected to be released for the third quarter of 2022. These features are expected to increase the acceptance of Cardano and raise the price. In light of this, Cardano is an excellent buy in the current bear market.

Source: bitcoinist.com

ALTCOIN NEWS

What is the latest LUNA, Terra blockchain is also discontinued, Binance LUNA removed from the list

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What is the latest status and update of LUNA? Lunada has a new statement. The Terra blockchain has also been discontinued. After the unpinning of the UST, the LUNA is experiencing extreme volatility. One of the reasons for the massive declines in the cryptocurrency market. LUNA is still depreciating. LUNA investors are in a really difficult situation.

In a statement made by Terra (LUNA) on its twitter account today, the Terra blockchain said that it was officially stopped at block 7607789. The full statement reads: ” The Terra blockchain has officially halted at block 7607789. Terra Validators have halted the network to come up with a plan to reconstitute it. More updates to come.”

More updates are coming, but we can say that LUNA investors have no confidence anymore. Exchanges have started delisting LUNA. LUNA’s current value is $0.0000466

MARKETS NEWS

Crypto market cap drops to $1.1 Trillion

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The cryptocurrency fell to the 26 thousand band of Bitcoin (BTC). As the value of cryptocurrencies decreases, its market enters a bearish trend. Cryptocurrency exchanges were also affected by such a rapid decline. According to the information we learned, the total market value of cryptocurrencies decreased to 1.1 trillion dollars.

Cryptocurrency market continues to decline and how much more will it fall. In August 2021, the cryptocurrency market reached a value of $ 2 trillion. But later on, the value also declined with decreases. There has been a massive decline in the overall value of the cryptocurrency market, driven by the recent slump.

In addition, USDT fell to the level of $ 0.95 on all cryptocurrency exchanges.

AdaCoinLive, – Cardano News

  • Bitcoin (BTC) $ 95,046.00 1.24%
  • Ethereum (ETH) $ 3,549.18 2.4%
  • XRP (XRP) $ 2.52 6.22%
  • Solana (SOL) $ 222.31 1.64%
  • BNB (BNB) $ 648.65 1.09%
  • Dogecoin (DOGE) $ 0.403017 5.42%
  • Cardano (ADA) $ 1.18 1.73%
  • TRON (TRX) $ 0.278962 30.97%
  • Avalanche (AVAX) $ 49.70 2.88%
  • Toncoin (TON) $ 6.55 0.6%
  • Shiba Inu (SHIB) $ 0.000028 4.82%
  • Chainlink (LINK) $ 23.64 6.76%
  • Polkadot (DOT) $ 9.44 4.46%
  • Polygon (MATIC) $ 0.681695 9.72%
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