?ADA, XRP Given Green Light, Shib Price And Snek Staking Farm On Minswap
Shib price makes gains on a good week. ADA, XRP and others given green light for trading. Snek Cardano meme token farming on Minswap for passive income. #shibainu #ada #xrp #minswap #snek #staking #yieldfarm #cryptonews
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Cardano Continues to Dominate Development Activity, with Increasing Whale Transactions
Introduction:
Cardano, a blockchain platform that aims to provide a more efficient and secure way of conducting transactions, has been gaining significant traction in the cryptocurrency market. In recent times, Cardano has been dominating development activity, with increasing whale transactions that signal growing interest in the platform. In this article, we will discuss the latest trends in Cardano's development activity and analyze the impact of whale transactions on the platform's growth.
Cardano's Development Activity:
Cardano has been making significant strides in its development activity, which is reflected in its growing community and market capitalization. The platform uses a proof-of-stake consensus algorithm, which offers more scalability, efficiency, and security than the traditional proof-of-work algorithm used by Bitcoin and other cryptocurrencies.
Cardano's development team is continually working to improve the platform's functionality, scalability, and interoperability. The platform's recent Alonzo hard fork has enabled the deployment of smart contracts on the Cardano blockchain, making it a more attractive option for decentralized application (dApp) developers. This development has resulted in an increase in developer interest and activity on the platform, indicating a positive growth trajectory for Cardano.
Increasing Whale Transactions:
Whale transactions are significant transfers of cryptocurrency that indicate growing interest from large investors or institutional players. In recent times, Cardano has seen a surge in whale transactions, indicating growing confidence in the platform's potential.
The latest data from on-chain analytics firm Glassnode shows that Cardano's whale transaction count has been steadily increasing, with a significant spike in the past few weeks. As of March 2023, the number of whale transactions on the Cardano blockchain has surpassed that of Ethereum, the second-largest cryptocurrency by market capitalization.
What Does This Mean for Cardano?
Cardano's growing development activity and increasing whale transactions bode well for the platform's future growth prospects. The platform's focus on efficiency, security, and scalability has attracted a growing community of developers and investors, indicating confidence in its potential to compete with established players like Ethereum and Bitcoin.
As more developers and investors flock to the platform, Cardano's market capitalization is likely to increase, and its native cryptocurrency, ADA, may see a surge in value. The increasing adoption of Cardano's blockchain technology could also lead to more use cases and applications, making it a more valuable platform for businesses and individuals alike.
Conclusion:
In conclusion, Cardano's dominance in development activity and increasing whale transactions indicate that the platform is well-positioned for growth in the coming years. As the platform continues to innovate and attract more users, it is likely to establish itself as a formidable competitor to established players in the cryptocurrency market. Investors and developers alike should keep a close eye on Cardano's growth trajectory, as it could hold significant potential for the future of decentralized finance.
https://dailyhodl.com/2023/03/17/cardano-whale-transactions-on-the-rise-as-the-ethereum-competitor-continues-to-dominate-development-activity/
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The Impact of the Biden Administration's Crypto Regulations on the Industry
Cryptocurrencies have been gaining popularity as an alternative to traditional currencies and investment options. As the industry grows, governments around the world are trying to regulate cryptocurrencies. The United States government has recently proposed new regulations that have stirred up controversy within the crypto community.
US House Republicans have publicly criticized the Biden administration's proposed crypto regulations, stating that they are an attack on the crypto ecosystem. In this article, we will examine the proposed regulations and their potential impact on the crypto industry.
Overview of the Proposed Regulations
The Biden administration has proposed new regulations that aim to increase tax reporting requirements for crypto transactions. One of the key proposals is the requirement for brokers and exchanges to report crypto transactions over $10,000 to the Internal Revenue Service (IRS).
Another proposal is to increase penalties for those who fail to report crypto transactions accurately. The IRS will also have greater access to information about foreign accounts held by US citizens, including those related to cryptocurrencies.
Criticism of the Proposed Regulations
The proposed regulations have been met with criticism from the crypto industry, including US House Republicans. They argue that the new regulations will stifle innovation and growth in the industry by imposing excessive reporting requirements.
Critics also argue that the regulations are overly broad and could lead to unintended consequences. For example, some crypto startups could be required to register with the Securities and Exchange Commission (SEC) as broker-dealers, which could be costly and burdensome for small businesses.
Potential Impact on the Crypto Industry
The proposed regulations could have a significant impact on the crypto industry. Some experts believe that the regulations could lead to a decrease in trading volumes and liquidity, as investors become wary of the increased reporting requirements.
The regulations could also lead to a shift in the crypto market, as some investors move away from US-based exchanges and brokers to avoid the increased reporting requirements. This could lead to a loss of market share for US-based exchanges and brokers and a shift in the global crypto market.
Conclusion
The Biden administration's proposed crypto regulations have sparked controversy within the crypto industry. While the regulations aim to increase tax reporting requirements for crypto transactions, critics argue that they are overly broad and could stifle innovation and growth in the industry.
The potential impact of the regulations on the crypto industry remains to be seen, but it is clear that the regulations could have far-reaching consequences. As the industry continues to evolve, it is important for governments to strike a balance between regulation and innovation.
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Circle joins fight against SEC. Circle declares stable coins not securities and that the SEC has no jurisdiction.
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The Crypto Industry: Shift Opportunities Beyond AI, VR, and EV
The crypto industry has been rapidly evolving, and it has become an exciting field with endless possibilities. In this article, we will explore how the crypto industry is a significant opportunity for investors and entrepreneurs, and why it has more potential than AI, VR, and EV.
The Crypto Industry: A Brief Overview
Cryptocurrencies are digital or virtual tokens that use cryptography for security. Cryptography is the practice of secure communication that enables secure transactions and protects data. The decentralized nature of cryptocurrencies allows for transparency and makes them immune to government intervention.
The crypto industry has grown at an exponential rate since the introduction of Bitcoin in 2009. It has paved the way for new innovations and has given rise to new opportunities. However, there are still a lot of misconceptions about the crypto industry, which we will address in this article.
Why Crypto Has More Potential Than AI, VR, and EV
The rise of AI, VR, and EV has garnered much attention in recent years, but the crypto industry has more potential in terms of investment and growth opportunities. Here are some reasons why:
Disrupting Traditional Financial Systems
Cryptocurrencies have the potential to disrupt traditional financial systems, making them more accessible and inclusive. Traditional financial systems are riddled with intermediaries, which leads to high transaction costs, delays, and lack of transparency. Cryptocurrencies, on the other hand, allow for peer-to-peer transactions without intermediaries, which reduces costs and speeds up transactions. This has the potential to create a more inclusive financial system that benefits everyone, not just the wealthy.
Decentralization and Transparency
One of the main advantages of the crypto industry is its decentralization and transparency. Transactions are recorded on a blockchain, which is a public ledger that is immutable and transparent. This means that anyone can see and verify transactions, which makes the crypto industry more trustworthy and secure than traditional financial systems.
Versatility
The crypto industry is versatile and can be applied in various sectors such as finance, healthcare, real estate, and more. Blockchain technology is being used to create innovative solutions to problems that have existed for years. For example, it can be used to create secure medical records that are accessible to patients and healthcare providers. It can also be used to create a transparent and secure real estate market, eliminating the need for intermediaries.
Growing Adoption
The crypto industry is experiencing growing adoption, and more businesses are accepting cryptocurrencies as a form of payment. This is a clear indication that the industry is moving in the right direction and has potential for growth.
Conclusion
In conclusion, the crypto industry has more potential than AI, VR, and EV, and is an excellent investment opportunity for investors and entrepreneurs. It has the potential to disrupt traditional financial systems, increase transparency, and create new innovative solutions to existing problems. As the industry continues to grow and mature, it is essential to keep an eye on the latest trends and opportunities to stay ahead of the curve.
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The highly anticipated djed stablecoin and its companion governance token, Shen, are set to be listed on two popular Cardano-based decentralized exchanges, MuesliSwap and MinSwap, after their issuance next week. This news comes as a result of tweets from the two DEXs, who are looking forward to the launch of these tokens.
MinSwap is currently the largest Cardano DEX, with over $30 million worth of tokens locked up in its liquidity pools, while MuesliSwap has a relatively smaller locked up value of $6.5 million. The djed stablecoin has been jointly developed by the Cardano code maintainer, IOG, and Coti, a layer 1 blockchain. This stablecoin is unique in its overcollateralized mechanism, where users must post over 400% in collateral value before they can be issued the token. This is an important feature that helps djed's value to hold stably during market stress and prevents a repeat of the infamous terraUSD stablecoin, which was linked to luna and fell over 99% in May.
The djed tokens, alongside the annualized yield rewards offered by the DEXs, are expected to attract a lot of liquidity and interest from investors. This is due to their overcollateralized mechanism, which helps to ensure stability and overall benefits Cardano's $72 million decentralized finance (DeFi) market. MuesliSwap developer also said that they are going to launch concentrated liquidity pools similar to UniSwap v3 next week with the Djed launch so they expect that the trading APR itself will already be above 10% as capital can be used more efficiently. They are aiming for at least a 10-15% farming APR for both the pairs ADA/$DJED and ADA/$SHEN, so in total, they are aiming to be above 20-25% APR in the first month to attract liquidity.
Djed is also expected to go live on over 40 Cardano-based decentralized finance applications (dapps) on launch. Developers have also simultaneously developed DjedPay, a payments application that uses djed, that would allow users to transfer the tokens to merchants and businesses. Additionally, Shen, the reserve token meant to support djed's stability, would receive extra rewards when holders of Cardano's ADA cryptocurrency stake their coins to mint djed stablecoins, which may fuel liquidity for the upstart ecosystem. Overall, the listing of djed and Shen on these two popular DEXs is a significant step for the Cardano ecosystem, and we can expect to see a lot of activity and interest in these tokens in the coming weeks.
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https://www.coindesk.com/tech/2023/01/27/cardano-dexs-will-support-djed-stablecoin-liquidity-pools-starting-next-week/
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The tokenization of assets is the future. Blockchain has unlocked the doors to instant liquidity for everyone. No longer is it for the big institutions but now anyone can take part in defi protocols that have internet access.
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https://decrypt.co/116337/metamask-co-founder-dump-apple-ios-tax
Apple has made it very hard for crypto to operate. There is a 30% tax on your money when involved with Apple IOS. What's very concerning is that they use this stolen money fro users to buy up their own stocks. This is outright shady behaviour from Apple, it could be considered theft as they have a monopoly going on. Meta Mask cofounder, Polygon Studios and Epic Games CEO's are disgusted by this behaviour and are outraged. Apple has not been showing a goos side lately.
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https://cointelegraph.com/news/ethereum-developers-target-march-2023-for-shanghai-hard-fork
Ethereum set a tentative date for the Shanghai hardfork. March 2023 will be the date set to release the latest upgrade to the Ethereum blockckhain. The Shanghai hardfork will bring upgrades such as the release of stETH rewards and also layer 2 scaling solutions. Tho ETH stated that their will be no scaling upgrades to Ethereum itself in the next upgrade.
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