Day: December 13, 2023

How To Create A Cryptocurrency: Ultimate Guide

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Do you want to know: “How to create a cryptocurrency?” Then look no further, this guide offers you a straightforward journey through the process, from conceptualization to realization. We’ll cover the essentials: defining your cryptocurrency’s purpose, crafting a whitepaper, selecting a consensus mechanism, and constructing a blockchain architecture. Additionally, we delve into the practicalities of coding, legal compliance, and understanding the cost and time investment. Whether you want to know: how to create a cryptocurrency coin, how to create a cryptocurrency wallet, how to create a cryptocurrency exchange or a…

CFTC Chair clarifies crypto assets as commodities amid regulatory struggle

In a recent CNBC interview, CFTC Chair Rostin Behnam declared most crypto assets as commodities under current law. Behnam stated that under current laws in the U.S., most crypto assets are considered commodities, a standpoint that sheds light on their regulatory status. “It is figuring out how existing, decades-old law, fits into this new technology that seems to be changing and ultimately needs a new way of thinking around policy and legislating,” says @CFTCbehnam on #crypto. “Under existing law, many of the tokens constitute commodities.” pic.twitter.com/F3JPjWq3wG — Squawk Box (@SquawkCNBC)…

Avalanche Open Interest Just Smashed A New ATH, Can AVAX Reclaim $100?

Avalanche has seen its native token AVAX rise rapidly over the last 30 days to make its way into the top 10 tokens by market cap. This rally was not exactly out of the blue as activity had begun to pick up once more on the Avalanche network. During this time, the open interest has risen rapidly as well, eventually touching a new all-time high. Avalanche Open Interest Rises To $413 Million On Tuesday, the Avalanche open interest rose to the highest level since its launch following AVAX’s surge to…

Bitcoin (BTC) Price Bounces, Coinbase (COIN), Marathon (MARA) Rallies on Dovish Fed

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Anonymous Crypto Interests Bombard Key Senator Sherrod Brown With Political Ads

“SEC Chair Gary Gensler is protecting the big banks, stifling American innovation and willing to ship critical American technology and jobs to China,” according to the organization’s website. “Senator Sherrod Brown needs to use his power as Chair of the Senate Banking Committee to stand up to Gensler and fight for Ohio jobs.” Brown, who’s been in office for 16 years, faces a reelection battle that’s expected to be tight. In the 2020 presidential election, Ohio strongly favored the Republican candidate, former President Donald Trump. Source

Is A Mega Bull Run Incoming? Whale Transfers Over $780 Million Of Stablecoin To Binance

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Data Nerd Data on December 13 shows that over the past 24 hours, the wallet “0xea8” moved 200 million BUSD from Binance, the world’s leading cryptocurrency exchange by client count. The whale transfer caught the attention of keen crypto users, who also noted that the transfer was soon followed by a deposit of 99.95 million FDUSD, a stablecoin supported by the exchange. Whale Address Accumulating FUSD Stablecoin On Binance That the address is shuffling and accumulating large amounts of stablecoins is noteworthy. Data Nerd Data shows that the address has transferred over…

Immutable’s zkEVM to eliminate Web3 gaming gas fees

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Web3 gaming firm Immutable is set to completely cut out gas fee payments for gamers when its proprietary zero-knowledge proof-based (ZK-proofs) scaling platform goes live in early 2024. Immutable zkEVM provides the technology for blockchain-based game developers to remove transaction fees from end users, which is touted to create a “frictionless onboarding” experience for gamers. Web3 games built on blockchain protocols typically require gamers to pay the gas fees paid to network validators for processing transactions. Before the advent of layer-2 scaling protocols, Ethereum-based decentralized applications (DApps) and services relied…

Why has Bitcoin price hit new all-time highs in Turkey, Egypt, Nigeria and Argentina?

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Since bottoming around $16,800, Bitcoin (BTC) has displayed resilience throughout 2023, posting over 153% gains year-to-date and 143% over the last 12 months to outperform major tech companies. BTC/USD Daily Chart. Source: TradingView Despite this impressive performance, the flagship cryptocurrency’s price is still 39% below the all-time high (ATH) level against the U.S. dollar reached in November 2021. Meanwhile, Bitcoin continues to hit new ATHs in Argentina, Turkey, Egypt, Nigeria, Lebanon and Pakistan. This is what #Bitcoin looks like for the citizens of Turkey, Egypt, Nigeria, Argentina, Lebanon and Pakistan.A…