Dein Lieblingsblog – lucisullavoro.com

• There is a lack of clarity on cryptocurrency regulations in the US, which has resulted in job cuts and fines for exchanges.
• SEC Chair Gary Gensler’s statement that all digital assets except Bitcoin are unregulated securities has been met with criticism.
• John Deaton of Cryptolaw claims there is a coordinated effort to bring down the crypto industry by US regulators and has initiated a class action lawsuit against the New York Attorney General.

Cryptocurrency Regulatory Uncertainty

The cryptocurrency regulatory uncertainty in the United States has had a significant impact on firms and exchanges operating in this space over the past few months, leading to over 2,000 job cuts this year alone. Most recently, Anchorage Digital cut 20 percent of its staff due to the situation. The call for clear crypto asset regulations remains unheard as the Securities and Exchange Commission (SEC) continues speculating on which digital assets are securities or commodities.

SEC Approach Criticized

Recent statements from SEC Chair Gary Gensler that all digital assets besides Bitcoin are considered unregistered securities have been met with criticism from various figures in the industry. Coinbase Global Inc., which offers a similar staking program as Kraken, vowed to take legal action if need be against any attempts to shut down their services. This comes after Kraken was hit with a $30 million fine for allegedly issuing unregistered securities through its staking program.

Coordinated Effort To Bring Down Crypto Industry

John Deaton, founder of Cryptolaw, believes that US regulators are attempting to sink the cryptocurrency industry through legal means and is calling upon crypto enthusiasts to fight back during this period of uncertainty. He initiated a class action lawsuit against the New York Attorney General claiming Ethereum is not a security and already has over 1k participants involved with 57 coming from New York itself. Deaton also heard rumors about 200 enforcement actions planned by the SEC within two years targeting crypto markets specifically.

Impact On Digital Payments

Coinbase recently posted on Twitter that four out of five Americans use digital payments so it would be disadvantageous for America if staking operators were driven offshore due to restrictive regulation policies coming into effect soon; thus leaving them behind in terms of innovation compared to other countries around the world who have embraced cryptocurrency technology more openly until now .

Conclusion

It remains uncertain when exactly clear regulations surrounding cryptocurrencies will come into force but what does seem certain at this point is that until then these issues will continue being debated across different platforms without an end resolution in sight just yet – even till 2025 as per John Deaton’s estimation – so we can only hope that things get better sooner rather than later!

Summary of Shiba Inu News: Shibarium Public Beta Will Be Launching This Week

• An upcoming meme coin ecosystem, Shiba Inu (SHIB), is expecting the launch of the Shibarium layer 2 (L2) scaling solution in the next few days.
• The launch of the Shibarium layer 2 scaling solution will significantly expedite the token burn process and diversify from relying on mere speculation to real-world utility.
• The announcement has been warmly welcomed by the Shibarmy, with over 9.5k likes and about 3.5k retweets as of reporting time.

Shiba Inu Ecosystem Expects Launch of Layer 2 Scaling Solution

The fast-developing meme coin ecosystem based on the Ethereum network, Shiba Inu (SHIB), is expecting the launch of its layer 2 (L2) scaling solution in the next few days. According to an announcement from Shiba Inu’s official Twitter account, the Public Beta launch for Shibarium is set to happen before week ends. The news was met with overwhelming enthusiasm amongst the members of „Shibarmy“, with over 9.5K likes and 3.5K retweets as of now.

Impact on SHIB Token Price & Utility

The launch of Shibarium L2 scaling solution will have a positive effect on SHIB token price as it will enable several decentralized applications (Dapps). Additionally, it will also make sure that more investors are attracted towards this meme coin due to its increased utility value rather than just depending upon speculation for its growth.

Cautionary Note Against Scams

Lead developer for Shiba Inu project – Shytoshi Kusama – recently made an announcement regarding a new website and intake system for Shibarium beta version launch but warned investors against getting scammed while using tokens during testing phase. It was suggested that all tokens used during beta testing must only be used for testing purpose only and not to be taken as actual investments or trades in cryptocurrency markets yet.

YTD Performance & Market Capitalization

A look at YTD performance metrics suggests that both SHIB and BONE tokens obtained bullish sentiments since start of 2021 but past 4 weeks have seen choppy trends for most digital assets including Bitcoin & Ethereum prices which affected overall market capitalization too. As per latest crypto price oracle reports, SHIB token has added approximately 33% YDT but has declined 24% in last 4 weeks to trade around $0 mark currently

• The USDT has maintained its peg at $1, indicating that the market participants are slowly ditching other cryptos for stablecoins and hence the dominance of the stablecoins could rise soon.
• After undergoing significant pressure, USDT dominance rebounded from a crucial support level, triggering a recovery.
• Bitcoin price is assumed to drop back below $22,000 while altcoins may drop by more than 8% to 10%.

USDT Dominance Rising High

The trading volume spiked finely during early trading hours as stablecoins like USDT and USDC appeared to be under significant bullish influence. The USDT maintained its peg at $1, which indicates that the majority of crypto volume may have shifted to stablecoin. This has caused an increase in the dominance of these coins and pushed down other crypto prices.

Dominance Rebounding From Crucial Support

USDT dominance was slashing hard since the beginning of 2023 but soon began to form constant higher highs and lows. It faced rejection at resistance at 7.27% before dropping to 6.45%. After marking bottoms, the dominance rebounded and is on way to testing resistance again.

Price Predictions

The rising dominance of stablecoins suggests that consolidation will continue for some time ahead. As a result, Bitcoin price is predicted to drop back below $22,000 while altcoins may drop by more than 8% to 10%.

Conclusion

The increasing demand for stablecoins like USDT and USDC indicates that consolidation in cryptocurrency markets will continue in near future. This could lead Bitcoin price dropping below $22,000 while altcoins could plummet by up to 10%.

Author Bio: Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space with research into minute occurrences bringing new insights lie within her prime focus of task

• Ripple’s XRP investor sentiment has switched to positive for the first time since the start of 2021, with inflows of $300,000 being recorded in CoinShares’ most recent report on money movements in cryptocurrency-focused investment products.
• The value of XRP peaked at $3.84 in 2021 but has since fallen to $0.3938 due to recent market corrections.
• The US Securities and Exchange Commission (SEC) is suing Ripple for distributing unregistered securities using its XRP cryptocurrency, which Ripple denies by saying that XRP does not qualify as a security and does not pass the Howey Test.

Investor Sentiment Around XRP Switched to Positive

Ripple Investor Sentiment Around XRP switched to positive for the first time since year’s start as recorded by CoinShares‘ most recent report on money movements in cryptocurrency-focused investment products with inflows of $300,000. This was an unusual event after digital asset investment products outflows totaled US$32m last week which was the largest since late December 2022.

Value of XRP Peaked In 2021

The value of XRP peaked in 2021 at $3.84 but it has since fallen back to where it was prior to the January market highs, currently standing at $0.3938 showing no prospects of rising any time soon due to current cryptocurrency market drop and subsequent market corrections over the previous 30 days resulting in 4% decrease over 24 hours prior publication .

SEC Sued Ripple For Distributing Unregistered Securities

The US Securities and Exchange Commission (SEC) sued Ripple in 2020 on grounds that it had distributed $1.3 billion worth of unregistered securities using its XRP cryptocurrency. Ripple denied these claims by asserting that their coin did not qualify as a security nor did it pass the Howey Test according to SEC’s theorization on cryptocurrencies valuations .

Outflows From Investment Products

High withdrawals from digital asset investment products have occurred over last week totaling up to USD 32 million which is largest since late December 2022 while mid-way through last week outflows were much higher amounting USD 62 million however sentiment improved by Friday leading up into inflows of USD 30 million hence concluding week with net inflow .

Conclusion

Overall, this sudden shift from negative investor sentiment towards positive shows hope for further growth and acceptance within crypto industry especially when taking into consideration current market conditions related to cryptocurrency prices yet investors were still willing enough partake into such investments despite volatility associated with them .

• Orbeon Protocol (ORBN), Synapse (SYN) and LooksRare (LOOKS) are three tokens that have been gaining value in the cryptocurrency market lately.
• Synapse (SYN) has seen much growth since it was launched in 2019, rising 5.08% in the last 24 hours of trading with a total pool volume of $23.85 billion and a total revenue of $17.37 million.
• LooksRare (LOOKS) is a community-first NFT marketplace with plans to list on major decentralized exchanges to encourage adoption and reposition the coin for massive growth.

Gains From Presale

The presale of Orbeon Protocol (ORBN) has reaped more gains as both Synapse (SYN) and LooksRare (LOOKS) took good profits from their respective tokens. ORBN, SYN, and LOOKS offer investors and token holders value for money as they promise to beat the market forces and stay on top of their game in the crypto space.

Synapse (SYN)

Synapse (SYN) is up 5.08% in the last 24 hours despite negative market sentiment and investor apathy. It is a cross-chain layer protocol that facilitates interoperability between blockchains, with its native token available on BKEX, Gate.io, and Coinbase exchanges for purchasing purposes. In the past month alone, Synapse posted over 81% profit with its current trading price at $1.08 USD having a 24-hour trading volume of $8,338,314 USD at the time this post was written.

LooksRare (LOOKS)

LooksRare (LOOKS)’s plan to dominate the crypto market appears to be gradually becoming reality despite suffering a 5% loss in the last 24 hours of trading – but this doesn’t take away from its potentials which lie ahead! The team plans to list on major decentralized exchanges so as to encourage further adoption while repositioning itself for massive growth into other markets too – making it an attractive investment option for many investors out there looking to add new tokens into their portfolio mix..

Conclusion

Orbeon Protocol (ORBN), Synapse (SYN), and LooksRare(LOOKS) are three tokens that have been performing well in recent times due their respective teams‘ efforts towards improving performance values and providing customers with value-for-money investments options within this ever-evolving cryptocurrencies space – all thanks to their presales!

Polygon (MATIC) Overview

• Polygon (MATIC) has surged 50% over the past 30 days, putting its network value at $10.8B and total value locked (TVL) assets at $1.2B.
• The NFT market on the OpenSea platform surpassed Ethereum’s for two consecutive months, suggesting potential for attracting developers and investors to the ecosystem.
• The Polygon price has been experiencing a bullish trend since the start of January with RSI indicators showing signs of fatigue.

Price Action & Market Outlook

Polygon’s price has been following an upward trend since January 2021, with higher highs and higher lows in its 4-hour time frame. The Relative Strength Index (RSI) indicates that bulls may be losing momentum though, which could lead to a market reversal if the price drops below $1.8 or rally above $1.28. Coinglass data shows that Polygon trading led to around $979k in liquidations in the last 24 hours and had a 24-hour trading volume of around $626M.

Institutional Interest In MATIC

The surge in MATIC’s price has attracted institutional investors interested in Web3 markets as it serves as a scaling solution for Ethereum’s blockchain. Top Web3 projects such as Balancer, Quickswap, Uniswap V3, and AAVE are hosted by Polygon which further contributes to its growing popularity among larger players in the cryptocurrency space.

Entanglefi V1 Testnet LIVE On PoS

The Entanglefi V1 testnet was launched on Polygon’s Proof-of-Stake chain recently which provides users with options like providing liquidity via synthetic vaults or borrowing against liquidity positions amongst other features. Additionally, Quickswap DEX and StargateFinance will also be integrated into this new layer 2 blockchain soon enough making it more attractive for institutional investors looking to take advantage of DeFi products available on Polygon’s network..

Conclusion

Overall, Polygon is gaining traction among institutional investors due to its ability to scale Ethereum’s blockchain while also offering important DeFi solutions available through its integration with various Web3 projects like Entanglefi V1 testnet and Quickswap DEX/StargateFinance. As such, it is expected that MATIC will continue to experience growth in both its price action as well as total value locked assets moving forward into 2021 and beyond .

• The U.S. Securities and Exchange Commission has an ongoing lawsuit against Ripple Labs, the company behind the cryptocurrency XRP.
• The SEC claims that Ripple Labs raised billions of dollars through an unregistered securities offering and that XRP is a security.
• Even banks are now paying close attention to this litigation, with IG Bank writing a piece about the Ripple v. SEC lawsuit late last week.

The outcome of the current lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs could have serious implications for the cryptocurrency space in the United States. Ripple Labs, the company behind the cryptocurrency XRP, is accused by the SEC of raising billions of dollars through an unregistered securities offering and of XRP being a security. The case is being fought in court by Ripple Labs, which has denied the accusations.

The lawsuit has been of great interest to the cryptocurrency sector as a whole, and now even banks are paying close attention to it. London-based IG Bank recently wrote a piece about the Ripple v. SEC lawsuit, noting that “A positive outcome for Ripple could see XRP soar, but with the case in the balance, there’s a risk that the SEC could win a decisive victory.” The bank further noted that an “SEC victory could severely limit the ability of crypto companies to grow.”

The lawsuit is of great importance for the future of cryptocurrency in the United States. If Ripple Labs is successful in its defense, it could open the door for other cryptocurrencies to be seen as a valid asset class, and could pave the way for more innovative projects in the crypto space. On the other hand, if the SEC is victorious, it could have serious repercussions for the future of cryptocurrency in the US.

It remains to be seen how the lawsuit will play out and what the final verdict will be. However, it is clear that the outcome of the case between Ripple Labs and the SEC will be a game-changer for the future of cryptocurrency in the US. Depending on the outcome, it could be a huge victory for the crypto space or a major setback.

• U.S. Money Reserve simplifies the process of diversifying with precious metals by offering a wide variety of government-issued legal tender products.
• U.S. Money Reserve has served over 650,000 clients from around the globe and has shipped over $2.3 billion in precious metals.
• U.S. Money Reserve offers a free resource library, one-on-one support from dedicated Account Executives, and the latest market news.

For over 20 years, U.S. Money Reserve has been the trusted authority in the precious metals industry, providing Americans with the opportunity to diversify their portfolios with tangible assets. As the economy fluctuates and uncertainty looms, many are turning to U.S. Money Reserve to convert a portion of their savings into tangible assets such as gold, silver, platinum, and palladium. Precious metals have long acted as a hedge against traditional assets and a secure form of wealth in times of crisis, and U.S. Money Reserve simplifies the process of diversifying with these valuable resources.

U.S. Money Reserve offers a wide variety of products that are government-issued and official legal tender. This ensures that customers are investing in the highest quality products that are guaranteed to retain their value over time. U.S. Money Reserve has served over 650,000 clients from around the globe and has shipped over $2.3 billion in precious metals.

In addition to offering the highest quality products, U.S. Money Reserve also provides its customers with a wealth of information and resources. They have an expansive free resource library filled with educational videos, reports, and articles to help customers make informed decisions when purchasing precious metals. Customers also have access to one-on-one support from dedicated Account Executives who are available to answer questions and provide advice. Finally, U.S. Money Reserve also provides customers with the latest market news and updates to ensure that they remain up to date on the ever-changing precious metals market.

U.S. Money Reserve is committed to providing its customers with the highest quality products and services. With the help of their expansive library, dedicated Account Executives, and the latest market news, U.S. Money Reserve makes it easy for customers to make well-informed decisions when it comes to diversifying with precious metals.

• Orbeon Protocol (ORBN) recently sold 60 million tokens and is set to surge by over 6000% once it hits exchanges.
• Ripple (XRP) was created to revolutionize the cross-border payments industry and has seen significant price fluctuations recently.
• Flow (FLOW) is a decentralized platform for developers to create and host their own blockchain applications and has seen an increase in value.

The cryptocurrency market is an ever-changing landscape, with tokens of all sizes gaining and dropping in value. This past month saw some significant changes, with Orbeon Protocol (ORBN) up by over 987%, while two other major digital currencies — Ripple (XRP) and Flow (FLOW) — experienced significant price fluctuations. Let’s investigate further.

Orbeon Protocol (ORBN) is a blockchain-based protocol that is revolutionizing the world of crowdfunding. Its utilization of equity-based NFTs allows everyday investors to buy into startups for as little as $1, providing a more equitable way of investing. The ORBN token can be used to pay for transactions within the network and grants holders various bonuses such as staking rewards, governance rights, priority access to new crowdfunding rounds, and more. With its presale selling 60 million tokens in just a few weeks and its value increasing by over 9000%, it’s no surprise that ORBN is set to surge even further once it hits exchanges.

Ripple (XRP) is a cryptocurrency created to tackle the inefficiencies of traditional financial institutions and revolutionize the cross-border payments industry. This digital currency has seen significant price fluctuations recently, with its value rising and falling in response to recent news and regulatory changes. However, many investors still believe in the future of Ripple (XRP) and its potential to become a global payment solution.

Finally, Flow (FLOW) is a decentralized platform for developers to create and host their own blockchain applications. This platform has seen an increase in value as more developers flock to it to build their applications, due to its ability to scale quickly and its low gas fees. Flow (FLOW) is also backed by some major players in the industry, including Andreessen Horowitz and Union Square Ventures, which has further boosted its credibility.

Overall, the cryptocurrency market is a volatile one, with tokens of all sizes gaining and dropping in value. This past month saw Orbeon Protocol (ORBN) up by over 987%, while two other major digital currencies — Ripple (XRP) and Flow (FLOW) — experienced significant price fluctuations. While the future of the cryptocurrency market is uncertain, it is clear that we are entering a new era of digital currencies and blockchain-based protocols that are revolutionizing the way we invest and transact.

• Pudgy Penguins has deployed the use of Soulbound Tokens, a publicly verifiable and non-transferable NFT, with Sotheby’s.
• Soulbound Tokens extend the world of possibilities created by NFTs by offering something that can be uniquely tied to an address.
• Pudgy Penguins have made headlines, generating over 60,000 ETH in transaction volume and witnessing individual sales as large as 400 ETH.

The latest trend in the crypto arena, Soulbound Tokens (SBTs), have been gaining a lot of traction due to the many benefits they offer. SBTs are publicly verifiable and non-transferable NFTs and represent an individual’s credentials, affiliations, and commitments, meaning no one can falsify SBTs, and they also restrict Web3 projects from becoming cash bags. Top NFT collection Pudgy Penguins has been at the forefront of SBT implementations and exploration, being one of the first projects to have a real use case for SBTs.

Pudgy Penguins have created a lot of buzz, generating over 60,000 ETH in transaction volume and witnessing individual sales as large as 400 ETH. This year, Pudgy Penguins have gone all out, launching their first SBT, reaching 250k+ on Instagram, announcing their toyline, garnering over 1 billion views on GIPHY and more. Recently, Pudgy Penguins announced their auction at Sotheby’s, one of the world’s oldest and most recognized auction houses. The auction includes a unique SBT that comes with an ironclad authentication certificate, recorded in the NFT’s metadata with ownership and a unique identifier.

Pudgy Penguins‘ SBT is a revolutionary use case for SBTs. As with all NFTs, the SBT can be stored in a digital wallet, making it easy to access and manage. The SBT is also backed by a smart contract, so the owner can be sure that the SBT will remain secure and non-transferable. The SBT also has a built-in feature that allows the owner to view the transaction history of the SBT and its current owner.

Pudgy Penguins‘ use of SBTs is an exciting development that could have a lasting impact on the world of NFTs. With the help of Sotheby’s, the team at Pudgy Penguins is able to provide a secure, unique, and verifiable token that will allow users to purchase and store NFTs safely and securely. With the implementation of SBTs, the world of NFTs is poised to become even more secure and reliable.