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Crypto Regulation, DAO Wars, DeFi Sagas, Bitcoin Supremacy, and Digital Avatars, all here with market updates and a meme.
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Dear Reader,
Welcome to the Coinmonks newsletter! We are thrilled to have you join our community of crypto enthusiasts and blockchain aficionados.
Our newsletter is dedicated to providing you with the latest news and insights from the world of cryptocurrency and decentralized finance. We cover a wide range of topics, including new blockchain projects, regulatory developments, market trends, and expert opinions on the future of crypto.
But that’s not all — we also provide educational resources for readers who are new to the world of crypto. Our tutorials and guides cover everything from setting up a crypto wallet to understanding different blockchain consensus mechanisms and DeFi protocols.
We believe that cryptocurrency and blockchain technology have the potential to revolutionize the way we think about finance, identity, and the internet as a whole. Our mission is to help you stay informed and engaged with this rapidly-evolving industry, and to provide you with the knowledge and tools you need to make informed decisions about your investments and your future.
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While Bitcoin paves the path for crypto mass adoption, Ethereum becomes the sword of Keyboard warriors. Here’s what happened to the market yesterday:
- In order to access the victims’ cryptocurrency exchange accounts, hackers have found a technique to hack AT&T email accounts.
- For resetting passwords on crypto exchange accounts, the hackers have created “mail keys.”
- A new tax system for staking and lending on decentralised protocols is being developed in the UK.
- The suggested structure would also be utilised by independent cryptocurrency lending and staking platforms.
- CoinLoan held over $8 million worth of crypto assets for Bit4You.
- CoinLoan halted user withdrawals on April 25 as it received a notice of restraint on disposition that required it to halt all user operations.
- CFTC claims that over a period of three years, Steynberg accepted over 29,000 Bitcoins from at least 23,000 individuals globally without being registered as a CPO as required.
- The $1.7 Bln Steynberg is ordered to pay is the highest civil monetary penalty in any CFTC case to date.
Bitcoin below $30k: Is the party over?
Currently BTC price stands at $28,980 and market cap is worth $559 billion with a 24h trading volume of $26 billion. Bitcoin has a key support at $28,500 level and seems to have taken a reversal from there, marking a low of $28,520 and rising to the current level. Let’s have a look at the chart to analyze whether a big reversal or more downward movement is yet to come?
Ethereum Price Forecast: $1,600 or $2,000 Next?
In conclusion, Ethereum’s price is currently facing a pivotal moment, as it trades in a tight range and approaches the key resistance level at $1,800. The market’s reaction to this level will determine whether Ethereum experiences a pullback toward the moving averages or continues on a bullish trend toward the $2,000 mark and beyond. Stable exchange flows and declining exchange-held Ethereum reflect long-term investor confidence, while market sentiment remains cautiously optimistic due to recent upgrades. Furthermore, the upcoming Shanghai update scheduled this month can also potentially trigger an Ethereum rally. It remains to be seen how the market will ultimately react to these changing dynamics.
IMX Crypto — Ultimate Token Price Analysis
IMX is a good token that powers a scalable and secure platform for NFTs on Ethereum. IMX has a robust fundamental value proposition as it provides various benefits and utilities for its users, such as fee payment, staking, governance, and ecosystem development. IMX has a strong team of experienced developers, entrepreneurs, and advisors. IMX has a strong network effect and a growing community of users, developers, partners, and supporters. IMX has strong growth potential as it taps into the booming market of NFTs, which are expected to reach $470 billion by 2025.
Loaded Lions: The Purr-fect and Amazing NFT Collection that is roaring
Loaded Lions are available for purchase on Crypto.com NFT marketplace, where you can browse the collection and bid on your favorite lions using CRO tokens. Using ETH or other cryptocurrencies, you can also trade your lions on secondary markets.
Loaded Lions are limited in supply and high in demand, so they sell out quickly and appreciate over time. As a result, owning a Loaded Lion is a way to own a piece of digital art history and join an exclusive club of like-minded individuals who share a passion for NFTs and crypto.
Liquid Staking: A New Way to Earn Passive Income with Crypto
Liquid staking is a relatively new and emerging concept with much potential to grow and evolve. As more PoS blockchain networks launch and mature, more liquid staking platforms will appear, offering more solutions and services for different users and use cases. In addition, liquid staking will enable more innovation and integration with other sectors and technologies, such as DeFi, NFTs, DAOs, AI, and IoT.
Liquid staking will also face more challenges and competition from other forms of staking, such as self-staking, exchange-staking, or custodial staking. Liquid staking must prove its value proposition, security, and reliability to attract and retain more users and stakeholders. Liquid staking must also comply with the changing regulatory and legal frameworks that govern the crypto industry.
Top 3 Powerful cryptos in digital storage space
All three cryptos offer different benefits and challenges for digital storage users and providers.
Filecoin offers a more decentralized and competitive alternative to cloud storage but also faces scalability and usability issues.
Stacks provides a more secure and flexible platform for building DApps on Bitcoin, but it also depends on the development and adoption of its ecosystem.
Virtual Reality: The 3 Strong Cryptos in this blockchain space
Virtual reality (VR) creates dynamic and interactive simulations of natural or imagined spaces. VR has many applications, such as gaming, entertainment, education, health care, etc. VR also connects with the crypto space, as some projects use blockchain technology to create decentralized platforms that enable users to access, create, and trade VR content and assets. Here, we will delve into the top 3 cryptos in virtual reality space that have the most potential and popularity.
Non-fungible tokens (NFTs) have exploded onto the scene in recent years, with a wide range of industries and individuals taking notice. From digital art and collectibles to music and even real estate, NFTs have disrupted traditional notions of ownership and value.
But with the market becoming increasingly crowded and prices soaring to dizzying heights, many are wondering whether this is just a passing fad or a sustainable trend.
In this article, we’ll take a closer look at the current state of the NFT market and explore the factors driving its growth and potential risks to be aware of.
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