Category Archives: Cryptocurrency

The IOTA Foundation is looking to add prominent individuals to its Board of Directors in an effort to regain its position among the top ten most important cryptocurrencies. Despite the optimistic statement from Chairman Dominik Schiener, IOTA currently ranks around 100 in market capitalization, according to CoinGecko.

Chairman Dominik Schiener aims to elevate IOTAs position in the cryptocurrency market by adding influential figures to the Board of Directors. However, the current market data shows a decline in IOTAs significance.

Schiener plans to bring someone onto the board who will drive adoption of IOTA in the real world. However, the identity of this person remains undisclosed until the appointment is official. Presently, Schiener is joined on the foundations board by scientist Navin Ramachandran, and speculation suggests that Ralf Rottmann, a former member of IOTA, could potentially return.

Schiener highlights IOTAs advantage over other altcoins in terms of its partnerships and collaborations with governments. The establishment of a second IOTA foundation in Abu Dhabi raises questions about its cooperation with the United Arab Emirates.

The lack of transparency and the decline in IOTAs significance in the crypto market can be attributed to Schiener. Despite promising more transparency and decentralization, these commitments have not been fulfilled. It remains uncertain whether Schieners efforts will be successful in revitalizing IOTAs position.

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"Revitalizing IOTA: Board Upgrades Aim to Regain Top ... - Geeks World Wide

In the ever-evolving world of cryptocurrency, having a deep understanding of market dynamics is essential. Kaiko, armed with a vast collection of market data, provides investors with a valuable tool to gain clarity in this intricate ecosystem. Whether it's deciphering tumultuous events like stablecoin de-pegging or identifying early warnings of market turbulence, Kaiko's comprehensive analysis of market trends, liquidity, and trading volumes empowers investors with the knowledge needed to make well-informed decisions and mitigate risks. In a recent conversation with Kaiko, a panel of experts dissected these developments, offering valuable insights into the burgeoning tokenization trend and its profound impact on asset management. This discussion serves as a gateway to comprehending the ongoing transformation within the financial sector, shedding light on the role Kaiko's data-driven approach plays in shaping the future of digital asset investments.

The Panel Experts Included

The Discussion At A Glance

Market Data for Clarity

Kaiko's data helps investors understand complex crypto markets, especially during turbulent events. Detailed analysis covers trends, liquidity, and trading volumes, aiding in risk mitigation.

Trust in Data

Trustworthy data is essential for risk management and boosting confidence in cryptocurrencies. Identifying dubious practices, like wash trading, becomes possible with reliable data.

Demystifying Cryptocurrency

Reliable market data is vital to make sense of the intricate crypto landscape. Despite challenges like inconsistent regulations, digital assets gain acceptance as legitimate investments.

Market Evolution

The crypto market activity currently focuses on short term swings rather than developing solid investment rationales. Traditional financial methods don't always apply, creating industry challenges.

Kaiko's Resources

Kaiko's data resources, including order books and analytics, help investors navigate market dynamics. They enable investors to adapt to significant shifts, as seen in the recent UST de-peg incident.

Predictive Power

Kaiko's data collection covers vital market information, enabling the detection of market volatility. Granular insights help identify market irregularities and liquidity shifts, promoting proactive decisions.

Combating Deception

Kaiko is dedicated to supplying reliable data to combat deceptive practices. Industry-wide efforts aim to ensure the legitimacy of trading activities.

Investability

Assessing asset investability involves factors like liquidity, regulatory compliance, and transparent data. Market cap doesn't always reflect liquidity, requiring advanced analytics.

Investment Strategies

'Blue Chip' Indices and 'Mono' Asset strategies offer different investment approaches. Robust infrastructure and regulation are essential for market appeal.

Institutional Opportunities

Institutional investors find opportunities in the evolving crypto market. Informed approaches consider market stability, regulatory compliance, and digital asset volatility.

Kaiko's Mission

Kaiko aims to empower the crypto economy with superior data, bridging traditional and digital asset markets. Dependable data enhances market navigation and evaluation.

A Deep Dive into the Discussion

Enhancing Crypto Market Understanding Through Data Insights

Kaiko's aggregation of market data provides investors with crucial insights into the complex cryptocurrency market, notably during turbulent events such as stablecoin de-pegging. Their detailed analysis of market trends, liquidity, and trading volumes is essential for detecting signs of market instability, such as a stablecoin's deviation from its peg. This information equips investors to make informed decisions, mitigating the risks associated with market volatility.

The pertinence of Kaiko's accurate and exhaustive market data was recognised in debates on stablecoin solidity, underlining the company's assistance to traditional financial institutions transitioning to the digital asset space. One expert highlighted the significance of trustworthy data for risk management and fostering confidence in cryptocurrencies, particularly in identifying and comprehending dubious practices like wash trading. Edward Lashinski: "How is [wash trading] applied in crypto? How is it different from TradFi? How has this wash trading influence market manipulation and/or either risk or AML type of issues?"

Moreover, the dialogue accentuated the necessity of reliable market data to demystify the complex cryptocurrency arena. It acknowledged the challenges traditional financial bodies face, including inconsistent regulations and the intricacies of managing private keys, while recognising the growing acceptance of digital assets as legitimate investments amidst changing regulatory and trading frameworks.

Additionally, the discussions acknowledged the crypto market's distinct evolution, where the focus on transactions precedes the development of robust investment rationales. This has resulted in a marketplace where traditional financial methodologies and valuation models are not always directly applicable. The absence of uniform regulation and a standardised cryptocurrency valuation process poses significant obstacles to creating consistent industry standards and practices. The problem with crypto or its feature, I don't know, is that the secondary market is an issuance by-product... Trading started de facto, and then people try their best to reverse engineer the investment decision process, from Trading, to Investability, to Fundamentals. It's upside down, commented Bediss Cherif, Chief Revenue Officer at Kaiko.

Kaiko's market data resources, encompassing order books, liquidity details, and a variety of analytics and risk assessment tools, are invaluable for investors seeking to navigate these complexities, understand market dynamics, and brace for substantial market shifts, as exemplified by the UST de-peg incident.

Predictive Power of Data

Kaiko's extensive data collection covers a wide range of market information crucial for grasping the volatility of the cryptocurrency market. Their data, providing insights into trading volumes, market liquidity, order book depth, and historical price movements, is indispensable for investors to spot early warning signs of market disturbances, such as the UST de-peg.

The value of Kaiko's data lies in its ability to offer a granular perspective of market activities. One expert noted the importance of detecting complex wash trading patterns indicative of market manipulation and potential instability. Identifying these patterns is key to foreseeing market declines.

Furthermore, the concept of liquidity illusion in decentralised protocols underscores the fragility of market stability. These illusions, which can disappear suddenly, expose underlying market weaknesses that may precipitate liquidity crises.

Kaiko's suite of market data provides investors with a comprehensive toolkit for in-depth market analysis. This facilitates the identification of trading irregularities, order book discrepancies, or liquidity shifts, all of which could signal a decline in confidence in a cryptocurrency.

And thus, Kaiko's data and analytical research present a holistic view of market conditions, offering not only current insights but also predictive indicators for potential market shifts. Utilising data predictively allows market participants to make well-informed decisions to manage risks and seize opportunities, ideally avoiding scenarios like the UST de-peg debacle. Kaiko promotes a proactive stance in market analysis, supporting investors in manoeuvring through the complexities of the cryptocurrency ecosystem.

Combating False Volumes with Trustworthy Data

The discussion reaffirmed Kaiko's dedication to supplying reliable data, a sentiment echoed throughout the financial sector. One expert remarked on applying time-honoured financial strategies to the cryptocurrency domain attest to the ongoing amalgamation of traditional and digital asset markets. When we look at crypto from a traditional finance lens, it seems like the wild, wild West... there's centralised venues, decentralised venues, and it's all the same fungible asset, commented Moses Lee, Head of Asia for Anchorage Digital. Traditional finance strategies can serve as a template for managing crypto investments, he added, acknowledging the necessity of adapting time-tested practices to the crypto sphere. As representatives of traditional financial institutions delve into cryptocurrency, they import a demand for credible liquidity sources and professional trading operations.

A panelist addressed the complexity of managing liquidity in markets that integrate both centralised and decentralised exchanges. This complexity, corroborated by another expert, demands comprehension of the market's framework and the instruments it offers, indicative of the intricate dynamics within the crypto sector. Professionals from traditional finance seek blockchain technology for its intrinsic security, but also require the platforms built on this technology to establish their reputability.

A panellist underscored the need to recognise and comprehend patterns that may signal false volumes, such as disproportionate order-to-trade ratios and the illusion of liquidity on decentralised platforms. This focus is in line with Kaiko's mission to confront and eradicate deceptive data practices, reflecting a broader industry push to ensure the legitimacy of trading activities. The dialogue emphasises the critical importance of in-depth analysis to accurately understand a crypto asset's liquidity, fostering decisions based on robust, verifiable data. Such scrutiny and analytical rigour are essential to detect and counteract deceptive practices like wash trading, confirming that reported trading volumes truly reflect actual market activity.

Decoding Crypto Investability

The investability of the cryptocurrency sector is characterised by the assets' suitability and potential for investment, shaped by factors such as liquidity, regulatory compliance, market demand, technological integrity, and transparent market data. Notably, liquiditywhich signifies the ease of trading an asset without impacting its pricediffers from market capitalisation, which denotes the total market value of an asset. A substantial market cap doesn't always imply high liquidity, and the reverse is also true.

One of the speakers illuminated the complexity of gauging an asset's investment prospects, taking into account the technology and unique selling points. Of all the various cryptocurrencies out there, there are definitely some projects that have viable use cases, right? Maybe as an inflation hedge, portfolio diversification, or as a means of instant cross-border payment, etc., said Samar Sen, Head of APAC at Talos. The conversation turned to the significance of liquidity, alongside market cap, as value indicators. Another speaker then went on to discuss how liquidity impacts market cap, pointing out that investment viability should consider not just intrinsic value and technology but also the trading framework and regulatory context.

The crypto market's progression has frequently seen transactional activity surpass the development of comprehensive investment rationales. This reversal from the standard investment approach presents unique challenges. An expert emphasised the importance of reliable data and technology for informed decision-making by investors and compliance officers. It is and will be transformative moving forward. But the current application is notthis is evident from the current happenings, noted another speaker, highlighting the need for clearer regulations and a more profound comprehension of technological applications.

The panel also identified the absence of a universally accepted cryptocurrency valuation method as a significant hurdle in assessing their investability. There are two big elephants in the room. First, a lack of regulatory clarity and regulation. This is 100% for sure. And the other... nobody, none of us, none of you guys, can actually value crypto. No one knows whether Bitcoin should be 10 bucks or 10 million bucks, commented Edward Lashinski, Chief Executive Officer of Algorai Finance.

Evaluating Investment Strategies and Making Strategic Choices

The digital asset market has seen a clarification in investment strategies between 'Blue Chip' Indices and 'Mono' Asset approaches through recent industry dialogues. 'Blue Chip' Indices, which represent the more stable and established cryptocurrencies, attract investors seeking dependability and consistent performance. These indices are benchmarks of the market's robustness and typically include cryptocurrencies that have demonstrated stability over time.

Conversely, 'Mono' Asset strategies focus on investment in a single cryptocurrency, potentially offering significant returns but carrying greater risk due to the lack of diversification, with the investment's fate hinging on the performance of that solitary asset.

There was consensus found in the suggestion that there is a need for robust infrastructure and progressive regulatory frameworks. These elements are crucial for supporting the feasibility of 'Blue Chip' Indices and enhancing the appeal of 'Mono' Asset strategies to a broader range of investors, including those with institutional capital. There are now a lot of very reputable institutional-grade providers that have entered the market with their offerings. What products like ours are trying to do, is to professionalise the pathway for investment firms... to start working with digital assets, said Samar.

As the cryptocurrency sector matures, it presents a spectrum of investment opportunities. Institutional investors, in particular, find the evolving market advantageous, offering strategies that cater to varying risk-reward profiles. The expertise offered by industry stalwarts highlights the necessity for an informed investment approach that factors in market stability, regulatory compliance, and the inherent volatility of digital assets. With this knowledge, investors are well-positioned to make considered selections from the diverse investment options available, aligning with their individual risk appetites and investment objectives in the digital asset space.

Kaikos Mission: Empowering the Crypto Economy through Data Excellence

In the pursuit of advancing the crypto economy with superior data, recent discussions have brought forth valuable insights. These insights include the aspiration to establish a comprehensive data hub for the crypto sector, analogous to a similar role in traditional finance, with a focus on extensive data covering market analytics, indices, and research to support various financial products and regulatory standards.

The complexities of adapting traditional financial products to the cryptocurrency environment were acknowledged, particularly in relation to structured products within the crypto realm. There was also recognition of the potential for data services like Kaiko's to bridge the gap between traditional and digital asset markets. We've been busy for the past 10 years building an equivalent of Refinitiv for the digital assets space, reports Bediss. Beyond market data, we also built up the different analytics, risks and indices elements that are used by the financial services industry to operate soundly.

Additionally, discussions highlighted the significance of liquidity variations in the crypto market, especially between centralised and decentralised exchanges, and the impact of diverse regulatory landscapes. Dependable data emerged as a critical factor for effective navigation in this intricate digital asset sector.

Advancements in connectivity and liquidity infrastructure within the digital asset domain were examined, noting the rise of institutional-calibre platforms and growing professionalism among traditional firms entering crypto markets. The importance of reliable data in achieving optimal transaction execution was emphasised.

Furthermore, discussions critically examined the concept of investability, particularly the use of market capitalisation as a metric and its vulnerability to manipulation. The need for advanced data and analytics services to accurately evaluate true value within the often erratic crypto market was highlighted.

More about the speakers

Bediss Cherif, Chief Revenue Officer, Kaiko

Prior to his current role as Chief Revenue Office, Bediss Cherif was Chief Product Officer for Kaiko. Bediss has extensive experience in quant analytics for both Murex and Euronext, plus product management and development at Eurex.

Edward Lashinski, Chief Executive Officer, Algorai Finance

Edward has over 25 years experience in banking, international markets and asset management, leading and starting new businesses as an expert market practitioner. He holds multiple accreditations as a licensed fund manager, and banking executive, as well as other qualifications relating to corporate governance and compliance, and lastly an MBA from Chicago Booth. As CEO he started AlgoRai Finance, a DeFi structured products protocol, applying well established tradfi options trading principles to create value for investors seeking or possessing risk and yield based returns with digital asset exposure.

Moses Lee, Head of Asia, Anchorage Digital

Moses Lee serves as the Head of Asia for Anchorage Digital and is based in Singapore. He represents the company and its full digital assets platform to Anchorage Digitals highest value clients, prospects, and partners. Moses was previously the Asia Head of Futures & Options Electronic Trading at J.P. Morgan, and has over 20 years of experience in both traditional finance and digital assets in Asia.

Samar Sen, Head of APAC, Talos

Samar leads the Talos business in APAC, delivering institutional-grade digital asset trading systems to customers on the buy-side and sell-side. Over his 20-year career, Sen has worked in a variety of product, strategy, and technology leadership roles at capital markets firms across the industry. Prior to joining Talos, he served as the Global Head of Digital Products for Securities Services at Deutsche Bank, where he co-led the banks digital asset strategy and product delivery. In addition, he has held senior Asia-based roles at BNP Paribas, Barclays, and TradeHero after starting his career building trading systems at Goldman Sachs in New York. Sen holds a degree in Computer Science from Northwestern University and an MBA from INSEAD.

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Navigating the Cryptocurrency Landscape with Kaiko's Data-Driven ... - Hubbis

The cryptocurrency market is currently experiencing a significant shift, with the Bitcoin market cap swelling by 40% since October. A recent report from Coinbase highlights the potential impact of an imminent Bitcoin ETF approval, which could drive billions more in capital inflows. This development has stirred a frenzied bull run among cryptocurrency investors, who are eagerly anticipating the on-ramping of millions of investors through structured broker-dealer accounts. Bitcoin (BTC) has been trading within a range, showing resilience and potential for further growth. This environment sets the stage for an intriguing lineup of cryptocurrencies, including Solana (SOL), NEAR Protocol (NEAR), Cardano (ADA), Chainlink (LINK), and the emerging ScapesMania, each poised to make its mark in this evolving landscape.

The coins are all promising, so its highly likely that most, if not all, are going to enjoy a very significant price increase in the near future. Todays text aims to pinpoint the truly great ones and predict which ones are ready to move up the most.

Many crypto experts pick ScapesMania as the best new project of 2023 and beyond. It manages to separate itself from the competition by offering holders a multitude of revenue streams and high potential ROIs during presale.

Companies and individual crypto traders looking for fast potential gains should definitely look into ScapesManias proposition. Once the presale finishes, the price will soar, securing possible returns in the range of 400-500%. Right now, theres an active discount of close to 85%, but it wont last forever the clock is ticking and all interested in leveraging this offer need to act fast.

When dissecting the tokenomics and other features of ScapesMania, it becomes clear that its the best altcoin to hold now. The innovative gaming-related core idea, impressive presale numbers, $150,000 giveaway, undying social media hype, and other positive aspects can guarantee that ScapesMania will continue on its winning journey, so it makes sense to get involved as soon as possible.

>>> Join Presale at a Discount on the Official Site <<<

Solana (SOL) has recently witnessed a massive surge in decentralized exchange (DEX) trading activity, with its Total Value Locked (TVL) climbing by 42%. This growth indicates a robust and active ecosystem, attracting traders and investors alike.

Solanas increasing DEX activity and TVL growth suggest a positive trend in its market value. This uptick is a testament to the growing confidence and interest in Solanas capabilities and offerings.

Considering the current market dynamics and Solana (SOL) performance, there is a cautiously optimistic outlook for its future price. The platforms high-performance capabilities and growing ecosystem are significant drivers. However, its essential to consider the broader market trends and potential regulatory changes that could impact its trajectory.

NEAR Protocol (NEAR) stands out for its focus on efficiency, evidenced by its unique architecture and scalability solutions. Despite hosting a relatively small number of dapps, NEAR has seen a remarkable surge in daily active users (DAU), indicating a growing user base and potential for increased network activity.

The price of NEAR Protocol (NEAR) has not correlated directly with its DAU growth, suggesting untapped potential. The increasing network fees and revenue could signal an upcoming rise in its market value.

NEAR Protocol (NEAR) future price trajectory appears promising, given its technological innovations and growing user base. However, the lack of direct correlation between DAU and price necessitates a cautious approach, considering the volatile nature of the crypto market.

Cardano (ADA) is gaining attention for its potential to offer massive staking rewards, which could attract a significant number of investors and increase its market presence.

The anticipation of substantial staking rewards and increased investor interest suggests a positive outlook for Cardano (ADA) price, although the exact figures are not specified.

Cardano (ADA) future price is poised for potential growth, driven by its staking rewards and technological advancements. However, the overall market conditions and investor sentiment will play crucial roles in determining its actual performance.

Chainlink (LINK) has seen a significant surge in active addresses, indicating heightened interest and participation in its network. This uptick is a positive sign for its ecosystems health and growth.

The increase in active addresses and network participation points towards a bullish trend for Chainlink (LINK) price.

Chainlink (LINK) future price outlook appears optimistic, bolstered by its growing network activity and role as a leading oracle network. However, its essential to remain vigilant about market fluctuations and broader economic factors that could influence its price.

The cryptocurrency market is witnessing a dynamic phase, with each of these coins Solana (SOL), NEAR Protocol (NEAR), Cardano (ADA), Chainlink (LINK), and ScapesMania offering unique features and potential.

According to most predictions, the best option to buy right now is the newcomer, ScapesMania. This coin has the most upward mobility potential, the best presale numbers, and a number of additional financial motivators for early backers discounts, bonuses, giveaway.

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Best Cryptocurrency to Buy Now The Crypto Coins Everyone ... - Blockonomi

Breaking Ground in 2024: 7 Cutting-Edge Cryptocurrency Business Ideas Redefining Entrepreneurship

As the cryptocurrency ecosystem continues to evolve, the opportunities for new businesses abound. The year 2024 is poised to be a defining moment for entrepreneurs entering the crypto space. This insight reveals seven brilliant cryptocurrency business ideas that have the potential to both flourish and disrupt the industry in the coming years.

Take advantage of the growing interest in decentralized finance by offering advisory services. Help individuals and businesses navigate the challenging terrain of DeFi, and provide insights into yield, monetization, and smart deal-making.

Combine the popularity of non-fungible tokens (NFTs) with the virtual real estate trend. Create a platform where users can buy, sell, and consume NFTs representing virtual assets, catering to those interested in the expanding digital real estate market.

Introduce a unique subscription box service that delivers curated crypto-related products and merchandise to enthusiasts every month. From hardware wallets to exclusive NFTs, this subscription model taps into the growing demand for tangible crypto experiences.

Address the need for transparency in the supply chain by developing blockchain solutions for manufacturing authentication. Meet growing consumer demand for ethically sourced products and enable companies to prove their products are authentic and sourced.

As crypto influencers grow in popularity, form an agency that specializes in managing and promoting these digital thought leaders. Connect influencers with relevant crypto industries, creating partnerships that benefit both parties in the ever-expanding crypto community.

Guide the intricacies of cryptocurrency by providing specialized advisory services. Help individuals and businesses understand and comply with crypto tax laws, and provide an essential service in an environment where tax implications can be complex.

Prevent identity theft and fraud by building a blockchain-based identity verification platform. Providing individuals and businesses with secure and decentralized solutions for identity verification, to meet the growing need for advanced digital security.

With the cryptocurrency landscape ripe with opportunities for innovation, these seven business ideas provide a glimpse into the future of the crypto industry. Entrepreneurs will be able to position themselves at the forefront of this dynamic and exciting sector in 2024 by leveraging emerging products and meeting the evolving needs of the crypto community.

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7 Innovative Cryptocurrency Business Ideas for 2024 - Analytics Insight

Cryptocurrency exchange Binance is set to delist five cryptocurrency pairs following its latest review aimed at maintaining high standards and ensuring user protection. The affected trading pairs are BTS/USDT, PERL/USDT, TORN/BUSD, , and WTC/USDT.

As part of the exchange's commitment to providing a secure ecosystem and responding to industry changes, Binance has announced a schedule for the removal of these pairs. Starting on December 7, 2023, all trading activities for these pairs will cease on the platform. To further secure the ecosystem from any unethical practices, no new deposits will be accepted for the delisted tokens after 06:00 on December 8, 2023.

Users currently holding these tokens are advised to plan accordingly as the final opportunity to withdraw will be before 06:00 on March 7, 2024. After this deadline, withdrawals for the affected tokens will no longer be possible. Binance emphasizes that this decision is part of its ongoing efforts to ensure network security and protect its user base.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Binance to delist five cryptocurrency pairs in December - Investing.com India

Web3 is developing as an innovative player in blockchain technology, ushering in a new era of possibilities for Internet users. Web3 combines several of the latest innovations, including machine learning, artificial intelligence, blockchain technology, digital currencies, and smart contracts, to overhaul data control and improve user experiences.

In this article, well look at Web3, compare it to established cryptos like Chainlink (LINK) and Solana (SOL), and shed light on Slayboy Token (SLAY). This unique initiative merges adult entertainment with the crypto world.

The major purpose of Web3 is to improve the Internets capabilities by combining digital currency with the concepts of Web2 providers but in a more decentralised, secure, and efficient manner. It introduces unique apps that revolutionise how we engage with blockchain technology, offering exciting opportunities for the crypto world.

Chainlink, which debuted in 2017, runs on the Ethereum blockchain and aims to improve the functioning of smart contracts. When certain conditions are met, smart contracts, the foundation of blockchain technology, execute activities. However, they frequently rely on external data sources, which can be a source of risk.

Chainlink addresses this issue by introducing oracles, which serve as data sources for smart contracts. These oracles are rewarded for providing accurate data with reputation points and LINK tokens, Chainlinks native token. LINK tokens are essential to the Chainlink ecosystem, supporting safe data transfer and building confidence between oracles and smart contract developers.

In contrast to Chainlink, keeping the possible point of vulnerability in mind, Slayboy Token is led by a powerful cryptocurrency exchange, SlayDex, allowing investors, adult entertainment fans, and users to execute transactions and acquire SLAY tokens using multiple cryptos.

Solana, the Swiss Solana Foundations blockchain network, aims to become the worlds most censorship-resistant network. Solana does this by swiftly engaging its developer community, continually upgrading the blockchain, and making market data available through Solana Beach.

Web3 is vital for Solanas success. The platform provides a full-stack development kit, allowing developers to deploy programs and create Web3 apps for free on Solana. Solana is well-equipped to generate and trade digital assets due to a robust developer community and connection with other apps and blockchains. Additional services like Alchemy and Dispatch improve network efficiency even further.

Like Solana, Slayboy Token uses Web3 tools such as Telegram and Discord for community participation, allowing members to ask questions, voice their opinions, and directly contact the project team and fellow fans.

Now, lets look into Slayboy Token, a game-changing digital asset that uses Web3 technology and services like Telegram and Discord to bridge the gap between adult entertainment and cryptocurrencies. Slayboy Tokens objective goes beyond monetary gain; it promotes community involvement through innovative blockchain technology.

At the heart of Slayboy Tokens goal is the notion of SLAY, which signifies more than simply monetary worth. It represents a dedication to community participation and innovation. Slayboy Token has a 10% community reward, making it a safe investment for all players. This initiative is committed to giving back to the community in various ways.

Leading this initiative is SlayDex, a robust cryptocurrency exchange that facilitates transactions and provides an easy way to acquire Slayboy Tokens using various cryptocurrencies. SlayDex prioritises user-friendliness, making it accessible even to newcomers in the crypto space.

Slayboy Token and SlayDexs collaboration redefines user experience, community participation, social media integration, and financial transactions. This one-of-a-kind combination distinguishes Slayboy Token, revolutionising how adult entertainment and cryptocurrency interact in the Web3 ecosystem.

The opportunities for Web3 innovation are limitless. Chainlink and Solana are revolutionising cryptocurrency by addressing basic issues and providing greater functionality. However, Slayboy Tokens innovative approach to linking the worlds of adult entertainment and cryptocurrency truly embodies the spirit of Web3s promise.

As the Web3 age progresses, its critical to watch initiatives like Slayboy Token that push the frontiers of innovation and investigate unconventional applications of blockchain technology. Slayboy Token provides a safe presale opportunity and a broad strategy that can influence the crypto industrys future, opening up new vistas for both enthusiasts and the adult entertainment industry. Stay tuned for an amazing adventure into the Web3-powered world of Slayboy Token, the meme coin of 2023.

Website: https://slayboy.space/

Telegram: https://t.me/SlayboyToken

Twitter: https://twitter.com/SlayboyToken

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Chainlink, Solana & Slayboy Token - The Alma Mater of Web3 ... - Analytics Insight

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It is now clear that one of the much-anticipated catalysts for Bitcoin (BTC-USD) in the run-up to the upcoming Bitcoin halving is the approval of a spot Bitcoin ETF. For about a year, asset managers like Fidelity have been awaiting the SEC's approval for their spot in Bitcoin ETF. The world's biggest asset manager, BlackRock's (BLK), application in June to get its spot Bitcoin ETF approved increased the hopes of such approval becoming fruitful and brought the spot Bitcoin ETF topic to the front pages.

Crypto asset manager Grayscale (OTC:GBTC) scored a popular victory against the SEC in August, when the court ruled against the SEC's decision to outrightly reject Grayscale's application to convert the largest Bitcoin trust fund, GBTC, into a spot Bitcoin ETF. The SEC was given till midnight on October 13 to appeal the court order or review Grayscale's application.

By midnight on October 13, the SEC hadn't budged. The SEC refused to appeal the August court order ruled in favor of Grayscale. The SEC's silence has left analysts wondering whether the refusal to appeal the ruling signals that an ETF approval is on the horizon or if it suggests a lack of interest and a preconceived inclination to reject Grayscale's application with minimal scrutiny.

The SEC's stance on its spot BTC ETF approval has been based on the argument that spot crypto ETFs present risks; while the SEC has approved futures ETFs whose values are based on the underlying spot prices, leaving analysts confused. This stance does not appear valid because approving futures ETFs with spot price dependencies, while rejecting spot ETFs, appears inconsistent and raises questions about the rationale behind these decisions.

It is difficult to pinpoint the SEC's main rationale for delaying a spot Bitcoin ETF approval; however, in my view, some reasons why the SEC might have been dragging its feet could be because the regulator is waiting for more comprehensive Bitcoin custody solutions and market surveillance mechanisms before deciding to approve a spot Bitcoin ETF. The SEC's concern about custody solutions for spot ETFs could be a key factor. Futures contracts are typically traded on regulated exchanges, like CBOE and CME, with established custody solutions. Spot assets involve holding actual cryptocurrencies, which may pose greater custody and security challenges.

Also, the decentralized nature of the cryptocurrency market presents some challenges in ensuring market integrity. Unlike traditional financial markets, where surveillance is more straightforward due to centralized exchanges, the opposite is the case with crypto. This absence of centralization can make it difficult to monitor and prevent the risk of market manipulation, and other risks effectively. The SEC's hesitance in approving spot Bitcoin ETFs could stem from concerns about the potential impact of these risks on retail and institutional investors. The regulator might be waiting for more robust and comprehensive market surveillance solutions and regulatory frameworks to be in place before approving a spot Bitcoin ETF, to ensure that investors can confidently participate in this emerging asset class without undue risk.

Spot ETF applicants are making notable strides in addressing the SEC's concerns regarding Bitcoin spot ETFs. Some applicants, including BlackRock, Fidelity, and Invesco (IVZ), have recently submitted an updated prospectus that provides detailed insights into key aspects of their spot ETF product, including the implementation of robust market surveillance mechanisms, enhancing the safety of assets under management, and utilizing GAAP-compliant reporting mechanisms.

BlackRock updated its spot Bitcoin ETF application one day ago. In this updated application, BlackRock addresses some of the SEC's concerns by highlighting its custody arrangements with Coinbase (COIN), Bitcoin's volatility risks, and the complexities surrounding Bitcoin's valuation. BlackRock indicated its commitment to gauge fair value and prepare the trust's periodic financial statements per the Financial Accounting Standards Board (FASB) ASC 820.

Fidelity also filed an updated ETF application one day ago. Like BlackRock's updated prospectus, Fidelity's updated ETF application mentioned using a pricing source consistent with GAAP for its financial statements, and also contained risk disclosures.

Last Monday's erroneous (now-deleted) tweet, published by Cointelegraph, stated the approval of BlackRock's spot Bitcoin ETF quickly spread throughout the crypto community and led to a significant surge in Bitcoin's price, peaking at $30,000. The market's reaction to this false news is an indication of the heightened anticipation and excitement surrounding the eventual approval of a spot Bitcoin ETF. Cointelegraph has since issued an apology for the misinformation. While this incident was an isolated case of misinformation, it highlights the potential impact that a genuine ETF approval could have. The Cointelegraph incident may well be considered the tip of the iceberg, offering a tantalizing preview of what lies beneath the surface, ready to be unlocked by the arrival of a legitimate Bitcoin ETF. This is one reason I recommend holding Bitcoin at this point, especially as the halving is approaching - another likely Bitcoin price catalyst.

The coordinated update of ETF applications by asset managers shows that talks could be going on behind the scenes between the ETF applicants and the SEC. I like the fact that these asset managers are updating their ETF applications, highlighting more of the SEC's concerns and showing their readiness to make the ETFs regulatory compliant. I believe this is the quickest route to getting a spot BTC ETF approved.

Some Bitcoin maximalists who are self-custody "advocates" believe that the introduction of investment vehicles like a spot ETF will affect Bitcoin's inherent characteristic of decentralization. I believe that for Bitcoin to become a mainstream asset with worldwide mass adoption, regulation is inevitable.

Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.

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Bitcoin: All Eyes On The SEC (Cryptocurrency:BTC-USD) - Seeking Alpha

As cryptocurrencies gain increasing acceptance and use, tax professionals need to become more familiar with the complex intricacies of these unique assets

Cryptocurrency may be akin to digital money but its a long way from cash for tax purposes. For example, digital assets are classified as property by the U.S. Internal Revenue Service (IRS).

Traders and investors everywhere are adding cryptocurrency to their portfolios. And at tax time, they may be going to their tax professionals for advice on how to handle these assets. Tax professionals increasingly are needing to ascend a steep learning curve to provide their clients with expert advice on cryptocurrency taxes.

However, cryptocurrency tax issues dont have to be time consuming or scary and tax professionals can provide exceptional value to clients by remembering some core principles and following established best practices.

As mentioned, the IRS classifies cryptocurrency and other digital assets as property. Standard property tax rules apply, with realized capital losses or gains typically determining crypto tax liability.

The treatment of cryptocurrency like property makes it akin to real estate or stock for tax purposes. Just like you would report capital gains or losses from any property transaction, the same is required for most transactions involving cryptocurrency.

Not all crypto transactions have tax implications. Using fiat money to buy and hold cryptocurrency is generally not taxable until the crypto is traded, spent, or sold.

Tax professionals can reduce their mental load by clearly understanding which types of crypto activities and transactions can have tax consequences, such as:

Questions like, How are new crypto tokens distributed for the first time? and Whats the role of decentralized finance (DeFi) in all this? are crucial to know. Initial coin offerings (ICOs) and DeFi are both important for tax professionals to understand.

ICOs work a lot like initial public offerings (IPOs) of stock, but they may differ in their tax treatment. Receiving a crypto token via an ICO may be treated as income at the time that the token is received, or the token may be classed as a capital asset subject to capital gains tax only when sold. The tax treatment for tokens produced by ICOs varies across jurisdictions.

DeFi, on the other hand, uses blockchain technology to eliminate the need for financial intermediaries like banks. DeFi platforms support a wide range of transactions that include buying, selling, trading, lending, and earning interest on cryptocurrency. The complexity and diversification of the activities occurring on DeFi platforms can create a challenge for tax professionals, in both understanding how DeFi works and interpreting the tax implications that arise from clients DeFi transactions.

The regulatory landscape for digital assets is evolving at breakneck speed. Federal agencies in the United States are suing major industry participants and fighting over whether and which cryptocurrencies are securities. Lawmakers and regulators in the United Kingdom are making strong moves to classify cryptocurrency as a regulated asset. And jurisdictions like Hong Kong are increasingly opening up to attract more crypto and web3 businesses.

Tax professionals need to become knowledgeable about the crypto regulatory landscape and pay close attention to whats changing. Whats true today about crypto regulation can easily be false tomorrow and clients are relying on their tax professionals to know whats happening.

Fortunately, there are a few different options for tax professionals to stay well informed in this area, including subscribing to reliable news sources that focus on crypto issues, reviewing official regulatory announcements, attending cryptocurrency taxation webinars, and joining professional forums for crypto tax professionals.

How crypto transactions are taxed, how information is reported, and what penalties apply for non-compliance all have the potential to evolve as the crypto industry matures. By monitoring crypto news and trends, tax professionals can ensure that they stay on top of all changes that matter for tax.

Tax professionals can significantly enhance their understanding of cryptocurrency and crypto taxes by engaging with crypto users directly. Participating actively in one or more of the many crypto communities is a solid way to stay informed about the latest trends, tools, and challenges that matter to crypto tax clients.

To become more active in a crypto community, tax professionals could begin to use channels like Telegram, Discord, and Reddit to participate in focused crypto forums or engage in other social media discussions about crypto. Tax professionals could also attend meet-ups of crypto groups or cryptocurrency conferences, or even join or organize a crypto tax webinar.

Engaging directly with crypto users is important because it keeps your crypto knowledge fresh and may even provide new leads additional tax business.

Tax professionals wishing to streamline the accounting and reporting process for cryptocurrency taxes can opt to use crypto tax software. Using a comprehensive software tool is how many tax professionals especially those new to crypto ensure the quality and accuracy of their work.

Most of the crypto tax software on the market can perform a variety of tasks more quickly and efficiently, including allowing the user to connect with multiple blockchains and exchanges, automatically import cryptocurrency transaction data, record and track many different types of crypto transactions, and process more complex crypto transactions. User can also calculate gains and losses using appropriate cost basis methods and efficiently generate customized tax reports for their clients.

These crypto tax software solutions can save valuable time and resources for tax professionals and their clients, as long as professionals are careful to choose crypto tax software that is reliable, secure, and in sync with current laws and regulations.

Continued here:
6 things tax professionals need to know about cryptocurrency taxes - Thomson Reuters

Wrapped cryptocurrency tokens are like digital gift wrappers for cryptocurrencies. They take an existing cryptocurrency, like Bitcoin or Ethereum, and put it inside a special digital wrapper. This wrapper allows the original cryptocurrency to be used on a different blockchain.

It helps to make different cryptocurrencies work together and be used in various applications and services, even if they originally belong to different blockchain networks.

The concept of wrapped tokens is vast and complex. However, this concise explanation will help you understand them better. So, keep reading to learn more.

Wrapped tokens are like a special version of a cryptocurrency or digital asset tied to another coin or asset. They are usually one from a specific blockchain. They are called wrapped because they are wrapped around the original asset.

Now, whats the importance of wrapped tokens? Theyre essential for making different blockchains work together and for using decentralized financial services.

In other words, they let you easily use assets from one blockchain on another. Wrapped tokens can represent various things, like regular stablecoins, cryptocurrencies, and even unique digital items (NFTs).

For example, consider Wrapped Bitcoin (wBTC) on the Ethereum network. It stands for Bitcoin (BTC) and allows people to interact with Ethereum-based DeFi platforms and decentralized exchanges.

All these are achievable while the value and features of Bitcoin are maintained.

So, youve learned that a wrapped token is like a copy of a cryptocurrency from a different blockchain or sometimes just a different version of the same chain. But how do we actually wrap these tokens?

Lets take Wrapped Bitcoin (wBTC) as an example. Three types of entities are involved in creating wBTC on Ethereum:

Now that you know these three key players in wBTC, lets go through the simple process of wrapping a token:

Merchants can do something similar to get their BTC back and burn their wBTC on the Ethereum blockchain. wBTC relies on a DAO system to ensure everything is safe and decentralized.

But there are also wrapped tokens made by centralized groups or smart contracts.

Most people into DeFi suggest avoiding wrapped tokens managed by a centralized group. Why? Because a central group could, at any time, mess with the money thats supposed to back the wrapped token.

That money decides how much the wrapped token is worth. So, if something goes wrong with the money, the wrapped token can quickly lose its value.

Besides wBTC, there are lots of other wrapped tokens like wETH, wMATIC, renBTC, and wFTM. In the DeFi world, various platforms are creating these kinds of tokens. They are made to work smoothly with specific blockchain systems, helping to bring many different assets into a single ecosystem.

For example, Wrapped Bitcoin (wBTC) allows owners to use their BTC on Ethereums decentralized apps and DeFi platforms. Wrapped Ether (wETH) makes Ethereum more efficient for trading and smart contracts.

Stablecoins, like Dai (DAI), USD Coin (USDC), and Tether (USDT), can be easily used on different blockchains thanks to their wrapped versions. Some blockchains, like Polygon and BNB Smart Chain (BSC), have their own wrapped tokens, which help connect different blockchains and enable various decentralized uses.

In the ever-changing world of cryptocurrency, these tokens are vital for connecting different blockchain networks, promoting compatibility, increasing liquidity, and making cryptocurrency more accessible.

Wrapped tokens provide several benefits in the cryptocurrency and blockchain space. Firstly, they enhance cross-chain compatibility, allowing assets from different blockchains to work together in a specific ecosystem seamlessly.

This, in turn, improves access to a wider range of assets and increases liquidity.

Secondly, wrapped tokens streamline the use of assets for various functionalities. For example, Wrapped BTC facilitates the use of Bitcoin in the Ethereum DeFi ecosystem.

Also, they standardize and simplify how assets interact, making them more user-friendly.

Moreover, wrapped tokens empower users by giving them more control over their assets. These tokens significantly boost the utility, flexibility, and accessibility of crypto assets across several blockchain networks, promoting a more interconnected and dynamic cryptocurrency economy.

Wrapped tokens come with certain limitations despite their role in connecting different blockchain systems and increasing asset utility.

One key concern is centralization risk because wrapped tokens rely on custodians to hold the original assets, potentially leading to issues if the custodian faces problems.

This might affect the value and usefulness of the wrapped token. Moreover, the process of wrapping and unwrapping tokens can be complex and may involve additional costs, which could discourage some users.

Additionally, using external bridges and protocols for wrapping tokens carries security risks and requires trust in third-party systems.

Despite these drawbacks, wrapped tokens remain essential for linking blockchain ecosystems and expanding asset functionality. However, users should exercise caution and stay informed when utilizing them.

Wrapped tokens, like any digital value, need to be protected just like youd safeguard physical assets in the real world. Regarding security, nothing beats hardware wallets like Nano X, Ledger Nano S Plus, or Stax.

With Ledger wallets, your private keys and seed phrases are kept offline, ensuring no one can tamper with or access your wrapped tokens digitally.

Even though your keys are offline, you can still use a wide range of DeFi platforms through Ledger Live, a mobile and desktop app that connects with your Ledger wallet. This means you get top-notch security for your wrapped tokens without giving up the flexibility to use them on various DeFi platforms.

Establishing compatibility between various blockchains presents a significant challenge to the cryptocurrency industry. The issue arises because as more blockchains are created, the number of connections required to enable smooth asset transfers grows exponentially.

Efforts are underway to simplify and enhance the process of bridging assets across blockchains. One approach involves using a central bridge hub, which acts as a central point to which all other blockchains connect.

An example is Darwinia, a cross-chain bridge hub undergoing development on the Substrate platform. Shortly, bridges and wrapped crypto tokens are expected to remain integral components of the solution for achieving interoperability between different blockchains.

Wrapped tokens are like digital versions of real-world assets, and they play a vital role in connecting different blockchains and expanding the use of cryptocurrencies.

They offer benefits like interoperability and improved utility, but there are also risks to consider, such as centralization and regulatory concerns.

To keep your wrapped tokens secure, hardware wallets like Ledger provide the best protection while allowing you to use your assets in decentralized finance (DeFi).

So, while wrapped tokens have their advantages, being cautious and well-informed is key to using them effectively in the ever-evolving world of cryptocurrency.

You can sell Wrapped Bitcoin (BTC). It functions much like regular Bitcoin (BTC), but its wrapped in an Ethereum token, allowing it to be used in Ethereums decentralized applications and DeFi platforms. You can trade or sell it like any other cryptocurrency.

Wrapped Bitcoin is designed with security measures in place. It uses a multi-signature system, each member holding a key to secure the system.

This setup is used to create an Ethereum token backed by Bitcoin. Keyholders can collectively make decisions, including adding or removing custodians and freezing wBTC tokens in case of fraud or emergencies.

While these security features provide protection, like any digital asset, its essential to be cautious and follow best practices to ensure security.

Wrapped tokens come with some limitations and risks. These include potential centralization concerns, as they often depend on custodians to hold the original assets, introducing counterparty risk.

Additionally, wrapping and unwrapping tokens can be complex and may involve fees. Relying on bridges and protocols to wrap tokens may introduce security risks and require trust in third-party systems.

Not all assets can be readily wrapped, limiting the variety used across blockchains. Lastly, regulatory uncertainties surrounding wrapped tokens can lead to legal ambiguity, affecting their adoption and use.

More:
All About Wrapped Cryptocurrency Tokens Explained - The Tech Report

The fraud trial of former cryptocurrency wunderkind Sam Bankman-Fried has plunged the barely regulated and often misunderstood industry back into the spotlight, with prosecutors alleging millions of dollars in excessive spending and flat-out dishonest communications.

But, the giddy rehash of Bankman-Frieds $32 billion cryptocurrency rise and fall and the alleged malpractice of his futures exchange company FTX Trading Ltd. likely wont cause any lasting harm to the industry, according to Babson Professor Steven Gordon, who studies cryptocurrency.

Situations such as this tarnish the industry as a whole and keep people at arms length and concerned about it, Gordon said. On the other hand, theres a lot of interest by very well-established firms such as BlackRock and Fidelity, companies that do their due diligence. If those kinds of companies are interested in investing, cryptocurrency could be moving toward the mainstream.

Nevertheless, the trial holds plenty of lessons for both entrepreneurs and investors, Gordon said. Here are some key takeaways from Bankman-Frieds trial.

The trial has underscored the importance of regulatory compliance in the cryptocurrency space. Bankman-Frieds legal proceedings have brought attention to the need for clear and transparent rules when dealing with virtual currency.

Right now, its a bit like the wild west out there, Gordon said. Bankman-Fried had advertised FTX Trading Ltd. as a safe place for traders to deposit their money. Exchanges like FTX are expected to keep nearly 100% of their customers deposits in fluid investment instruments, ideally in the cyptocurrency of the deposit. Instead, Bankman-Fried allegedly used as much money as he wanted to buy everything from real estate in Bermuda to political influence.

If a company is banking your money, then it should be regulated like a bank, Gordon said.

The trial underscores the importance of investor awareness and due diligence when entering the crypto market. Gordon, professor of information systems at Babson, said he uses Coinbase, which is a public company that operates out of New York. The Empire State requires cryptocurrency exchanges to abide by strict regulations in order to operate there.

Right now, there is very little regulation, so youve got to be ultra careful about how you invest in cryptocurrency, Gordon said. You want to be sure that you invest in companies that have good controls in place. Also, FTX was not a public company. And, unfortunately, if you invest in a private company, their books arent public, so youre always taking a risk.

Bankman-Frieds trial has led to discussions about ethical business practices not only within the cryptocurrency industry, but for all entrepreneurs.

This is a reminder that even in a rapidly evolving industry, ethical behavior remains paramount. Entrepreneurs and organizations in the cryptocurrency space must prioritize ethics and integrity to gain trust, Gordon said.

Entrepreneurs should scrutinize every aspect of their business operations, partnerships, and investments. Conduct background checks, verify information, and ensure complete transparency in all dealings. Failing to do so can lead to serious legal and reputational consequences.

I think from the standpoint of being an entrepreneur, the lessons are clear. There are plenty of temptations that they might face if they dont have enough experience and their company is growing rapidly, Gordon said. They might be tempted to take some shortcuts here and there. Thats why they have to maintain control of their assets. They need a set of strong internal controls, and they have to follow those controls. You cant willfully bypass them.

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What Entrepreneurs Can Learn from the Cryptocurrency Fraud Trial ... - Babson Thought & Action