Uncategorized

Regulations Can Help Stabilize Stablecoins, Preventing a Possible Run, OCC Says

The Acting Comptroller of the Currency of the United States, Michael J. Hsu, gave a speech on January 13, 2022, highlighting the advantages of regulating the cryptocurrency space-specifically stablecoins-as a way to provide peace of mind and security to those using this type of technology.

Speaking at the BritishAmerican Business Transatlantic Finance Forum, Hsu argued that the growth of the cryptocurrency industry had been so swift that the regulatory indifference of previous years was now unsustainable, and there was a need to work on a robust legal framework.

Hsu argued that as more unbanked people begin to use cryptocurrencies as bank substitutes and no longer perceive the need for trusted third parties to transmit money, more regulatory attention is needed before it is too late:

This mainstreaming of crypto has occurred despite regulatory and legal uncertainty and a series of scams, hacks, and other disruptive events. For financial regulators like me, this presents a host of questions. Where should regulatory attention be focused? What should be done? By whom? And why?

Stabilizing Stablecoins

For the U.S. Comptroller of the Currency, in addition to fighting crime, regulation of stablecoins serves primarily to prevent latent dangers. A bank run is the most obvious of them all.

A bank run is a panic episode that occurs when an unusually large number of depositors withdraw their money from banks due to fear that the institution will become insolvent or that a crisis will occur. In most cases, banks cannot give physical cash to all the depositors because their funds are in the hands of other people precisely because of the business model by which banks operate.


ADVERTISEMENT

In the case of traditional finance, regulators can intervene. Still, there is little they can do when it comes to cryptocurrencies —especially decentralized ones. This is especially notable in the case of stablecoins as these tokens are in many cases the on-ramp for traditional investors into the world of cryptocurrencies, and there is the confidence that each stablecoin is backed by an equivalent value in fiat, and if that confidence is broken a run could happen, hurting the crypto world quite severely.

Fortunately, we have an effective tool to mitigate run risk: bank regulation. Stablecoin issuers subject to bank regulation would give holders of those stablecoins confidence that those coins were as reliable and “money good” as bank deposits. Even if the tide were to go out, the reserves would be there, overseen and examined by bank supervisors.

Just for context, USDT alone moves almost three times as much daily volume as Bitcoin, so a run could affect the whole crypto industry in the unlikely event that it comes to happen. Regulations could theoretically help ensure that stablecoins are indeed “stable” and there won’t be any need to panic.

Crypto Regulations: A Strategic Matter

The United States has been looking for ways to have more and more control over cryptocurrencies in an attempt to prevent another latent danger from a geopolitical standpoint: the loss of global leverage through the dollar.

Already last year, PayPal’s CEO speculated that Bitcoin could be used by China as a financial weapon. Several politicians have also warned about the possibility of cryptocurrencies detracting from the dollar’s prominence if early action is not taken.

The use of cryptocurrencies in the criminal underworld is also an argument mentioned ad nauseam as justification for tightening the screws.

Likewise, the recent Infrastructure Act proposed by Joe Biden could negatively affect the crypto industry due to the exaggerated – and even unfulfillable – KYC requirements for a diversity of players that could range from exchanges to wallets and decentralized protocols.

Also, Jerome Powell said this week that the report on the digital dollar was ready to be presented, so this year may be pivotal for the definition of U.S. regulatory policies in the world of cryptocurrencies.

SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 25% off trading fees.

You Might Also Like:


.custom-author-info{ border-top:none; margin:0px; margin-bottom:25px; background: #f1f1f1; } .custom-author-info .author-title{ margin-top:0px; color:#3b3b3b; background:#fed319; padding:5px 15px; font-size: 20px; } .author-info .author-avatar { margin: 0px 25px 0px 15px; } .custom-author-info .author-avatar img{ border-radius: 50%; border: 2px solid #d0c9c9; padding: 3px; }
Uncategorized

Israeli Policymakers Test the Limits and Risks of Digital Shekel: Report

In the quest not to fall behind in its drive to develop a central bank-backed digital currency (CBDC), policymakers in Israel reportedly tested stakeholders’ views to determine the risks and limits of a national digital currency.

Yoav Soffer, the head of the Bank of Israel’s digital project, announced the trial, as reported by Bloomberg. He noted that knowing the opinion of stakeholders is an ongoing process, even though the digital shekel is still in its developmental stage and no specific date has been fixed for the launch.

He added that some of the challenges associated with the roll-out of the digital currency are assessing the impact of the currency on the banking system and determining the cost of the token.

The Shekel Built on the Ethereum Network

The proposed digital shekel is being built on the Ethereum network, as CryptoPotato outlined recently. According to Soffer, the project has gone through extensive trials, and the team is working on further technical studies down the line.

“Right now, we are increasing the resources devoted to the digital shekel project, both in terms of finances and people,” he said. “A digital shekel has great potential to increase competition and innovation within the payment industry.”

The recent concerted effort by the Bank of Israel to explore the prospect of a digital shekel came after an earlier attempt in 2018. The team set up by the central bank had advised against the establishment of a digital token at that time. However, with the world’s top economies actively pursuing digital versions of their currencies, the Bank of Israel is taking another look at its prospects.


ADVERTISEMENT

Some Central Banks Already Launched CBDCs

A few countries, such as the Bahamas and Nigeria, have already launched digital versions of their currencies. This is in accord with the views of experts at the Bank of America Corp. who announced that the CBDC adoption by central banks is inevitable as countries realize the potentials of the technology.

China is also considered a highly-advanced nation in terms of its CBDC. The world’s most populated country has initiated multiple tests with locals and released digital yuan wallet apps for android and iOS users.

Featured Image Courtesy of Business Standard

SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 25% off trading fees.

You Might Also Like:


.custom-author-info{ border-top:none; margin:0px; margin-bottom:25px; background: #f1f1f1; } .custom-author-info .author-title{ margin-top:0px; color:#3b3b3b; background:#fed319; padding:5px 15px; font-size: 20px; } .author-info .author-avatar { margin: 0px 25px 0px 15px; } .custom-author-info .author-avatar img{ border-radius: 50%; border: 2px solid #d0c9c9; padding: 3px; }
Uncategorized

Peckshield Reveals Over 50 Potentially Dubious Projects on Binance Smart Chain

In yet another concerning development, the prominent blockchain security firm, Peckshield, revealed looking into more than 50 potentially dubious projects on Binance Smart Chain(BSC).

Rug Potentials on Binance Smart Chain

Rug pulls were a frequent occurrence in the crypto space in 2021. In this kind of scam, developers of a DeFi project abandon it unexpectedly and siphon off with user funds. Binance Smart Chain was one of the badly hit DeFi platforms which lured numerous malicious actors since its inception.

In the latest development, Peckshield revealed detecting more than 50 tokens with “rug-potentials” on BSC. The blockchain security company alerted the community that the admins behind the mentioned tokens can potentially mint unlimited tokens, restrict users from selling the coins and even blacklist any accounts.

The tokens at risk, as mentioned on Peckshield’s list, are operated by anonymous teams, and the firm has deemed all the projects as “medium” in terms of severity.


ADVERTISEMENT

Rug Pulls in 2021, What’s Next?

The monumental year of 2021 witnessed rug pulls become one of the most utilized scams of choice. According to a report by the blockchain firm, Chainalysis, these rug pulls accounted for 37% of all scam revenue last year compared to only 1% in 2020.

There are two major reasons why rug pulls became so common. One was the initial hype surrounding the DeFi space and the subsequent FOMO. Next up – the technical skills required to develop tokens and get them listed on exchanges, many of which were done without a proper analysis of the smart contract’s code by a third party.

But this trend may not continue in 2022. Going forward, Chainalysis believes crypto-related crimes may decline as law enforcement’s ability to fight these scams evolves. It recently stated that increased legitimate crypto usage is “far outpacing the growth of criminal usage.”

In fact, the firm noted that illicit activity’s share of crypto transaction volume has never been lower. Its report on the same revealed that “crime is becoming a smaller and smaller part of the cryptocurrency ecosystem.”

The team also mentioned that one positive development against these crimes is the growing “ability of law enforcement to seize illicitly obtained cryptocurrency.” For instance, IRS Criminal Investigation seized more than $3.5 billion worth of cryptocurrency in 2021.

SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 25% off trading fees.

You Might Also Like:


.custom-author-info{ border-top:none; margin:0px; margin-bottom:25px; background: #f1f1f1; } .custom-author-info .author-title{ margin-top:0px; color:#3b3b3b; background:#fed319; padding:5px 15px; font-size: 20px; } .author-info .author-avatar { margin: 0px 25px 0px 15px; } .custom-author-info .author-avatar img{ border-radius: 50%; border: 2px solid #d0c9c9; padding: 3px; }
Uncategorized

Huobi Reports: 70% of Crypto Investors Joined in 2021 (Survey)

According to a research handled by the large digital asset platform Huobi Group, nearly 7 in 10 crypto holders entered the market in 2021. Despite the rising interest in the asset class, approximately 25% of the participants believe “it’s all a scam/bubble,” which is going to collapse, the survey estimated.

7 in 10 Entered The Crypto Ecosystem Last Year

Huobi’s poll consisted of more than 3,000 people. The company conducted it in mid-December 2021, while the results were released on January 13.

Nearly every third participant admitted they are currently crypto holders. A deeper analysis revealed that the vast majority (68%) began investing last year. In comparison, only 9% said they jumped on the crypto bandwagon more than four years ago.

Huobi Chart
Huobi Chart, Source: Huobi Group

46% of investors revealed they had allocated $1,000 or less in the asset class. At the same time, 25% admitted investing between $1,000 and $10,000.

Awareness about the emerging trends is also on a high level. More than 50% of participants said they had heard of non-fungible tokens (NFTs) and the Metaverse, while 25% are aware of Decentralized Finance (DeFi).


ADVERTISEMENT

While most crypto owners from the survey support the statement that digital assets may transform the definition of money, many skeptics of the asset class outlined a gloomy future. 42% view cryptocurrencies as “too risky,” and 34% are concerned about the lack of comprehensive regulations in the space.

Interestingly, every fourth participant opined bitcoin and the altcoins are a “scam/bubble,” which is going to fall apart.

In conclusion, Jeff Mei – Director of Global Strategy at Huobi Group – said crypto still has a long way to go before becoming mainstream. If there’s more clarity on global regulations, “we can expect to see a spike in participation,” he envisioned.

More Than 25% of Americans Own BTC

Nearly a month ago, Grayscale Investments reported the results of another similar research. According to it, 26% of American investors already own bitcoin, as 55% of them entered the crypto market in the last 12 months.

In addition, almost 60% of all participants admitted they are interested in digital asset investments, hinting that the holders’ percentage could continue to increase.

“The 2021 Bitcoin Investor Study results confirm that more investors see long-term value in adding Bitcoin and digital currencies to their investment portfolios,” Michael Sonnenshein – CEO of Grayscale Investments – commented back then.

SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 25% off trading fees.

You Might Also Like:


.custom-author-info{ border-top:none; margin:0px; margin-bottom:25px; background: #f1f1f1; } .custom-author-info .author-title{ margin-top:0px; color:#3b3b3b; background:#fed319; padding:5px 15px; font-size: 20px; } .author-info .author-avatar { margin: 0px 25px 0px 15px; } .custom-author-info .author-avatar img{ border-radius: 50%; border: 2px solid #d0c9c9; padding: 3px; }
Uncategorized

Ethereum Price Analysis: ETH Consolidates but Bullish Signs Appear, Breakout Soon?

ETH has been hovering around $3,300 for a few days, unable to move beyond this key level. However, there are several bullish signals that can break this impasse.

Key Support levels: $3,000, $2,750

Key Resistance levels: $3,600, $4,000

ETH is consolidating and so far was unable to move higher towards the key resistance at $3,600. The weekend is unlikely to help the cryptocurrency as volume is usually low. ETH has good support at $3,000, and there are several signals that we could expect a higher price soon.

ETHUSD_2022-01-15_15-33-48
Chart by TradingView

Technical Indicators

Trading Volume: Weak volume over the weekend as usual. The rally from $3,000 was on sustained volume and this showed the bulls are able to return when the price is attractive.

RSI: The daily RSI completed a bullish divergence during the downtrend, and the price rallied from $3,000 to $3,300. However, buyers lost some of the momentum which may return next week.

MACD: The daily MACD did a bullish crossover today. This brings optimism and hope that the bulls may get interested in ETH again early next week and attempt a rally to the key resistance at $3,600. For now, this is a good sign that may push ETH higher soon.

ETHUSD_2022-01-15_15-34-06
Chart by TradingView

Bias

The bias for ETH is neutral. There are some early bullish signals, but the momentum is not there yet for ETH to move higher.

Short-Term Price Prediction for ETH

Over the weekend, it’s much more likely that ETH will consolidate around the current levels as the volatility is unlikely to pick up. However, come the new week, and the things might change quickly.

SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 25% off trading fees.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


.custom-author-info{ border-top:none; margin:0px; margin-bottom:25px; background: #f1f1f1; } .custom-author-info .author-title{ margin-top:0px; color:#3b3b3b; background:#fed319; padding:5px 15px; font-size: 20px; } .author-info .author-avatar { margin: 0px 25px 0px 15px; } .custom-author-info .author-avatar img{ border-radius: 50%; border: 2px solid #d0c9c9; padding: 3px; }
Uncategorized

Binance Coin Price Analysis: Following 4% Daily Surge, is $520 In Sight for BNB?

Key Support level: $417

Key Resistance level: $520, $692 (ATH)

Since March 2021, BNB has formed a huge ascending triangle (colored in blue). A break above would signal that a new all-time high is in the cards. At the time of this post, BNB appears on a clear path to test the key resistance at $520 after a successful test of the support at $417.

If BNB is successful in breaking above the key resistance, the price can rally towards the current all-time high at $692.

BNBUSDT_2022-01-15_15-51-23
Chart by TradingView

Technical Indicators

Trading Volume: The good volume at the critical support pushed BNB quickly towards the current resistance. This shows that the demand for BNB remains high, and if the momentum can be maintained, the $520 resistance will be tested soon.

RSI: The daily RSI is close to making a higher high which would further consolidate the bullish bias.

MACD: The daily MACD did a bullish cross last Thursday, and momentum has increased since. The true test of this rally will be the key resistance.

BNBUSDT_2022-01-15_15-57-24
Chart by TradingView

Bias

The current bias is bullish. However, the key resistance at $520 may put the bulls in trouble if the price is rejected there.

Short-Term Prediction for BNB Price

BNB has shown tremendous strength during this most recent correction, managing to hold at the key support. Moreover, now, the price is erasing most of the losses. The first key challenge is for BNB to move above $520.

SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 25% off trading fees.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


.custom-author-info{ border-top:none; margin:0px; margin-bottom:25px; background: #f1f1f1; } .custom-author-info .author-title{ margin-top:0px; color:#3b3b3b; background:#fed319; padding:5px 15px; font-size: 20px; } .author-info .author-avatar { margin: 0px 25px 0px 15px; } .custom-author-info .author-avatar img{ border-radius: 50%; border: 2px solid #d0c9c9; padding: 3px; }
Uncategorized

DeFi and NFT Scaled to New Heights in 2021: CoinGecko Report

CoinGecko’s 2021 report noted that DeFi managed to branch out from Ethereum onto other chains at a rapid pace. The NFT market, on the other hand, saw a meteoric rise thanks to the complementary areas of metaverse and GameFi.

Drastic Fluctuations In DeFi Ecosystem

According to the latest report by CoinGecko, the market cap across the decentralized finance protocols grew by 7.5x from $20 billion to $150 billion in 2021. Its dominance has more than doubled from 2.8% to an all-time high of 6.5%.

The emergence of DeFi 2.0, activated by new-generation products that seek to ramp up the designs of existing protocols, resulted in a thriving final quarter of the year. The report also mentioned that the rise of incentives for new alternative EVM networks, including Cronos, Aurora, and Boba, has further bolstered demand for DeFi tokens on these blockchains.

Towards the end of the year, the crypto market continued to oscillate between fear and extreme fear. This sentiment seeped into the DeFi space as well, which led to the market cap retrace from an all-time high of $174 billion in November.

The DeFi sector underwent massive change throughout the year. For one, Ethereum and Binance Smart Chain emerged as the Q1 winners. The following quarter saw EVM-based networks such as Polygon and Fantom gain prominence as they evaded gas fees and network congestions. In Q4, non-EVM chains such as Solana and Terra gained traction.


ADVERTISEMENT

CoinGecko observed that the total TVL for the two blockchain networks grew by 5% and 7%, respectively. Ethereum continues to retain its position as the market leader. But it does not come off as surprising that the blockchain is steadily losing its dominance, thanks to the emergence of viable alternatives.

Besides, yield aggregators and insurance sectors gained the upper hand while regular bigwigs such as DEXes, oracles, and lending platforms suffered losses.

DeFi Market Cap 2021. Source: CoinGecko
DeFi Market Cap 2021. Source: CoinGecko

NFT Enters Mainstream Consciousness ‘Big-Time’

Popular marketplace OpenSea has contributed the most to 2021’s NFT trading volume. The ten largest marketplaces collectively recorded almost $24 billion in total trading volume.

OpenSea accounted for a majority of 61%, while Axie Infinity contributed 17%, followed by Crypto Punks at 10%. Although non-fungible tokens have been around for some time now, it wasn’t until the “NFT Summer” that the trading volume saw considerable growth.

Leading the growth for NFT trading activity were Ethereum and Ronin chains. The combined market share stood a whopping 88%. Other layer 1 protocols such as Polygon and Solana quickly caught on the trend and expanded their NFT capabilities.

Meanwhile, CryptoPunks managed to hold on to its position as the “collection with the highest floor price” by the year-end even after being briefly flipped by Bored Ape Yacht Club (BAYC).

Some of the crucial highlights of the NFT sector was Jack Dorsey’s first-ever tweet, World Wide Web source code, entry of iconic auctions houses – Christie’s and Sotheby’s, endorsements by – Snoop Dogg, Grimes, Post Malone, Big Brands like – Adidas, Nike throwing the hat in the ring, among others.

NFT 2021 Development. Source: CoinGecko
NFT 2021 Development. Source: CoinGecko
SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 25% off trading fees.

You Might Also Like:


.custom-author-info{ border-top:none; margin:0px; margin-bottom:25px; background: #f1f1f1; } .custom-author-info .author-title{ margin-top:0px; color:#3b3b3b; background:#fed319; padding:5px 15px; font-size: 20px; } .author-info .author-avatar { margin: 0px 25px 0px 15px; } .custom-author-info .author-avatar img{ border-radius: 50%; border: 2px solid #d0c9c9; padding: 3px; }
Uncategorized

Russian Rapper Morgenshtern Joins TON as Ambassador, Buys $130K Worth of TONCOIN

Popular Russian rapper and YouTuber Morgenshtern has partnered with The Open Network (TON) to become an investor and ambassador for the blockchain project.

Morgenshtern Sings About TON

According to a recent report from a local news outlet, the A-list Russian rapper released a new song, in which he sang about the TON project and its native cryptocurrency Toncoin.

In the song, the hip-hop star mentioned that he “sold all the cue balls and bought TON.” Morgenshtern subsequently revealed he had purchased about $130,000 (10 million rubles) worth of the cryptocurrency.

The track quickly garnered thousands of streams in a couple of hours following its release on Spotify, attracting the attention of several local news media.

Morgenshtern also spoke about the crypto space, NFTs, the metaverse, and the TON project to his over 7.9 million followers on Instagram and his Russian Telegram channel. The latter has over 850,000 subscribers, adding that he sees his future in the crypto world.


ADVERTISEMENT

Furthermore, the rapper launched a paid subscription Telegram channel that will only accept Toncoin, which was created with the help of TON’s official partner, Donate, a verified payments service.

US SEC Goes After TON

The TON project had earlier been known as the Telegram Open Network. It was originally developed by the Telegram team, with support from the founder of the cloud-based instant messaging service, Pavel Durov.

However, in May 2020, the project was closed down, and Telegram withdrew from it following litigation with the US Securities and Exchange Commission (SEC).

Several independent DLT development teams continued to work on the project, and soon the TON blockchain returned to life as Toncoin, operating independently of Telegram.

Upon getting wind of the new project, Telegram’s founder, Pavel Durov, expressed his support for the project and its developers.

“When Telegram said goodbye to TON last year, I expressed the hope that future generations of developers would one day carry on with our vision of a mass-market blockchain platform.

So I was inspired to see the champions of Telegram’s coding contests continue developing the open TON project, which they rebranded to Toncoin… I wish its team the same success. Coupled with the right go-to-market strategy, they have all they need to build something epic,” he said in a statement published on his Telegram channel.

Featured Image Courtesy of The Moscow Times

SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 25% off trading fees.

You Might Also Like:


.custom-author-info{ border-top:none; margin:0px; margin-bottom:25px; background: #f1f1f1; } .custom-author-info .author-title{ margin-top:0px; color:#3b3b3b; background:#fed319; padding:5px 15px; font-size: 20px; } .author-info .author-avatar { margin: 0px 25px 0px 15px; } .custom-author-info .author-avatar img{ border-radius: 50%; border: 2px solid #d0c9c9; padding: 3px; }
Uncategorized

After Volatile Week BTC Reclaims $43K, Litecoin Spikes 8% (Market Watch)

After yesterday’s drop to sub-$42,000 levels, bitcoin bounced off and spiked to around $43,000. Most altcoins are slightly in the green as well on a daily scale, with BNB nearing $500 and more impressive gains from Litecoin and ATOM.

Bitcoin Touches $43K

The past several days seemed quite positive for the primary cryptocurrency. The asset had recovered from its dip below $40,000 on Monday and was increasing in value gradually.

In just a few days, it added more than $4,000 of value, which resulted in breaking above $44,000 on a few occasions – the last one on Thursday.

However, this is there the landscape changed. After touching a weekly high of $44,500, the bears stepped up and pushed BTC south. This time, bitcoin dropped by over $2,500 and declined to just under $42,000 yesterday.

Since then, BTC has added around $1,000 of value and now sits at approximately $43,000, and its market capitalization has remained above $800 billion.

html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost.liatris-container * { -webkit-box-sizing: border-box; -moz-box-sizing: border-box; box-sizing: border-box; } html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost.liatris-container { width: 100%; margin: 10px auto; background: #fff; padding: 10px 20px 20px; border-radius: 3px; border: 2px solid #f0f4f7; } html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost.liatris-container .mo-mailchimp-interest-container { padding: 0px 30px; } html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .liatris_middle-section { text-align: center; padding: 20px 0; } html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .liatris_cta { margin-top: 30px; margin-bottom: 10px; background: #5d6d7b; border: 0; font-weight: 700; font-size: 17px; color: #fff; border-radius: 3px; padding: 10px; width: 100%; display: block; } html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .liatris_top-section { text-align: center; } html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .liatris_note { text-align: center; margin-top: 20px; color: #90a1af; font-size: 12px; font-weight: 700; } html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .liatris_field { width: 100%; margin-right: 10px; } html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .liatris_sub_field { width: 100%; } html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .liatris_fields_wrap { display: block; padding: 0px; } html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .liatris_description, html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .liatris_cta { font-weight: 700; line-height: 1.7; font-size: 15px; color: #444; } html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .liatris_mini_headline { font-weight: 400; font-size: 12px; margin-top: 5px; letter-spacing: .2px; color: #4fa9db; font-family: inherit, Helvetica, Arial, sans-serif; display:none; } html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .liatris_headline { font-weight: 700; color: #444; } html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .liatris_fields { padding: 15px; } html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .liatris_fields.liatris_field { background: #f0f4f7; border-radius: 3px; font-size: 15px; color: #444; border: 1px solid #f0f4f7; margin-top: 20px; } html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .liatris_fields.liatris_field:focus { background: #fff; border: 1px solid #f0f4f7; } html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .liatris_fields.liatris_sub_field { background: #5d6d7b; border: 0; font-weight: 700; font-size: 16px; color: #fff; border-radius: 3px; margin-top: 20px; } html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .liatris_top-section_inner { margin-top: 40px; } html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .liatris_mini_headline { font-size: 15px; } html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .liatris_mini_headline { font-size: 14px; } html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .mo-optin-error { display: none; background: #F44336; color: #ffffff; text-align: center; padding: .2em; font-size: 14px; -webkit-box-sizing: border-box; -moz-box-sizing: border-box; box-sizing: border-box; } @media only screen and (min-width: 750px) { html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .liatris_inner { padding: 0px; } html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .liatris_mini_headline { font-size: 15px; } html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .liatris_field { width: 70%; } html div#qYvDRQGBKZ.mo-optin-has-custom-field div#qYvDRQGBKZ_inpost .liatris_field, html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost.mo-has-name-email .liatris_field { width: 100%; } html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .liatris_fields_wrap { display: flex; padding: 0px 30px; } html div#qYvDRQGBKZ.mo-optin-has-custom-field div#qYvDRQGBKZ_inpost .liatris_fields_wrap, html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost.mo-has-name-email .liatris_fields_wrap { display: block; padding: 0; } html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .liatris_description, html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .liatris_cta { font-size: 18px; } html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .liatris_sub_field { width: 30%; } html div#qYvDRQGBKZ.mo-optin-has-custom-field div#qYvDRQGBKZ_inpost .liatris_sub_field, html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost.mo-has-name-email .liatris_sub_field { width: 100%; } html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .liatris_fields.liatris_sub_field { margin-top: 20px; } html div#qYvDRQGBKZ.mo-optin-has-custom-field div#qYvDRQGBKZ_inpost .liatris_fields.liatris_sub_field, html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost.mo-has-name-email .liatris_fields.liatris_sub_field { margin-top: 20px; } html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .liatris_fields.liatris_field { font-size: 18px; } }div#qYvDRQGBKZ *, div#qYvDRQGBKZ *:before, div#qYvDRQGBKZ *:after {box-sizing: border-box;-webkit-box-sizing: border-box;-moz-box-sizing: border-box;}div#qYvDRQGBKZ_inpost_container div#qYvDRQGBKZ_inpost .mo-optin-field:focus {outline:0}div#qYvDRQGBKZ_inpost_container div#qYvDRQGBKZ_inpost .mo-optin-form-submit-button:focus {outline:0}div#qYvDRQGBKZ_inpost_container div.mo-optin-powered-by{margin:5px auto 2px;text-align:center;}div#qYvDRQGBKZ_inpost_container div.mo-optin-powered-by a {font-size:16px !important; text-decoration: none !important;box-shadow:none !important;border-bottom-width:0px !important;cursor:pointer !important;}div#qYvDRQGBKZ_inpost_container .mo-acceptance-checkbox {background-color: #fff;line-height: 0;border: 1px solid #bbb;width: 16px;min-width: 16px;height: 16px;margin: 0 5px 0 0 !important;outline: 0;text-align: center;vertical-align: middle;clear: none;cursor: pointer;}div#qYvDRQGBKZ_inpost_container .mo-acceptance-label {cursor:pointer}div#qYvDRQGBKZ_inpost_container div#qYvDRQGBKZ_inpost p {padding:0px !important;margin:0px !important}div#qYvDRQGBKZ .mo-optin-form-wrapper label {color:inherit;font-weight: normal;margin: 0;padding:0;}div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost_container div#qYvDRQGBKZ_inpost input[type=submit] {-webkit-appearance: none;}div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost_container div#qYvDRQGBKZ_inpost input {z-index: auto;}div#qYvDRQGBKZ.mo-cta-button-flag .mo-optin-form-note .mo-acceptance-label {display:none;}div#qYvDRQGBKZ .mailoptin-video-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; } div#qYvDRQGBKZ .mailoptin-video-container iframe, div#qYvDRQGBKZ .mailoptin-video-container object, div#qYvDRQGBKZ .mailoptin-video-container embed, div#qYvDRQGBKZ .mailoptin-video-container video { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost.mo-optin-form-wrapper {max-width:100% !important}div#qYvDRQGBKZ_inpost #mo-optin-form-name-field {display: none !important;}#qYvDRQGBKZ .mo-optin-form-container .mo-optin-spinner { border-radius: inherit; position: absolute; width: 100%; height: 100%; background: #fff url(https://cdn.shortpixel.ai/spai/w_1920+q_lossless+ret_img/https://cryptopotato.com/wp-content/plugins/mailoptin/src/core/src/assets/images/spinner.gif) 50% 50% no-repeat; left: 0; top: 0; opacity: 0.99; filter: alpha(opacity=80); } #qYvDRQGBKZ .mo-optin-form-container .mo-optin-success-close { font-size: 32px !important; font-family: “HelveticaNeue – Light”, “Helvetica Neue Light”, “Helvetica Neue”, Helvetica, Arial, “Lucida Grande”, sans-serif !important; color: #282828 !important; font-weight: 300 !important; position: absolute !important; top: 0 !important; right: 10px !important; background: none !important; text-decoration: none !important; width: auto !important; height: auto !important; display: block !important; line-height: 32px !important; padding: 0 !important; -moz-box-shadow: none !important; -webkit-box-shadow: none !important; box-shadow: none !important; } #qYvDRQGBKZ .mo-optin-form-container .mo-optin-form-wrapper .mo-optin-success-msg { font-size: 21px; font-family: “HelveticaNeue – Light”, “Helvetica Neue Light”, “Helvetica Neue”, Helvetica, Arial, “Lucida Grande”, sans-serif; color: #282828 !important; font-weight: 300; text-align: center; margin: 0 auto; width: 100%; position: absolute !important; left: 50%; top: 50%; -webkit-transform: translate(-50%, -50%); -moz-transform: translate(-50%, -50%); -o-transform: translate(-50%, -50%); -ms-transform: translate(-50%, -50%); transform: translate(-50%, -50%); } #qYvDRQGBKZ .mo-optin-form-container .mo-optin-form-wrapper .mo-optin-success-msg a { color: #0000EE; text-decoration: underline; } html div#qYvDRQGBKZ .mo-optin-form-container .mo-optin-form-wrapper .mo-optin-fields-wrapper .list_subscription-field:not(select), html div#qYvDRQGBKZ .mo-optin-form-container .mo-optin-form-wrapper .mo-optin-fields-wrapper .checkbox-field, html div#qYvDRQGBKZ .mo-optin-form-container .mo-optin-form-wrapper .mo-optin-fields-wrapper .radio-field, html div#qYvDRQGBKZ .mo-optin-form-container .mo-optin-form-wrapper .mo-optin-fields-wrapper .select-field { margin-top: 6px; } html div#qYvDRQGBKZ .mo-optin-form-container .mo-optin-form-wrapper .mo-optin-fields-wrapper .checkbox-field, html div#qYvDRQGBKZ .mo-optin-form-container .mo-optin-form-wrapper .mo-optin-fields-wrapper .radio-field, html div#qYvDRQGBKZ .mo-optin-form-container .mo-optin-form-wrapper .mo-optin-fields-wrapper .select-field { text-align: left; padding: 6px; } html div#qYvDRQGBKZ .mo-optin-form-container .mo-optin-form-wrapper .mo-optin-fields-wrapper .checkbox-field label, html div#qYvDRQGBKZ .mo-optin-form-container .mo-optin-form-wrapper .mo-optin-fields-wrapper .radio-field label { display: block; text-align: left; margin-top: 6px; } html div#qYvDRQGBKZ .mo-optin-form-container .mo-optin-form-wrapper .mo-optin-fields-wrapper .checkbox-field label input, html div#qYvDRQGBKZ .mo-optin-form-container .mo-optin-form-wrapper .mo-optin-fields-wrapper .radio-field label input { margin-right: 5px; vertical-align: middle; } html div#qYvDRQGBKZ .mo-optin-form-container .mo-optin-form-wrapper .mo-optin-fields-wrapper .select-field select { width: 100%; } html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .mo-optin-fields-wrapper .list_subscription-field:not(select), html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .mo-optin-fields-wrapper .mo-optin-form-custom-field.checkbox-field, html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .mo-optin-fields-wrapper .mo-optin-form-custom-field.radio-field { padding: 0 !important; border: 0 !important; background: transparent !important; } html div#qYvDRQGBKZ .mo-optin-form-container .mo-optin-form-wrapper .mo-optin-fields-wrapper .list_subscription-field label { display: block !important; margin: 5px 0 !important; } html div#qYvDRQGBKZ .mo-optin-form-container .mo-optin-form-wrapper .mo-optin-fields-wrapper .list_subscription-field label:last-child { margin: 0; } html div#qYvDRQGBKZ .mo-optin-form-container .mo-optin-form-wrapper .mo-optin-fields-wrapper .list_subscription-field input[type=checkbox] { cursor: pointer; } div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .mo-optin-form-headline, div#qYvDRQGBKZ div.mo-optin-form-container h2, div#qYvDRQGBKZ div.mo-optin-form-container h1 { font-size: 18px !important; }div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .mo-optin-form-description, div#qYvDRQGBKZ div.mo-optin-form-container div#qYvDRQGBKZ_inpost p { font-size: 16px !important; }div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .mo-optin-form-note { font-size: 14px !important; }@media screen and (max-width: 768px) { div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .mo-optin-form-headline, div#qYvDRQGBKZ div.mo-optin-form-container div#qYvDRQGBKZ_inpost h2, div#qYvDRQGBKZ div.mo-optin-form-container div#qYvDRQGBKZ_inpost h1 { font-size: 18px !important; } div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .mo-optin-form-description, div#qYvDRQGBKZ div.mo-optin-form-container div#qYvDRQGBKZ_inpost p { font-size: 16px !important; } div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .mo-optin-form-note { font-size: 12px !important; } }@media screen and (max-width: 480px) { div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .mo-optin-form-headline, div#qYvDRQGBKZ div.mo-optin-form-container div#qYvDRQGBKZ_inpost h2, div#qYvDRQGBKZ div.mo-optin-form-container div#qYvDRQGBKZ_inpost h1 { font-size: 16px !important; } div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .mo-optin-form-description, div#qYvDRQGBKZ div.mo-optin-form-container div#qYvDRQGBKZ_inpost p { font-size: 14px !important; } div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .mo-optin-form-note, div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .mo-optin-form-note * { font-size: 12px !important; } } #qYvDRQGBKZ #qYvDRQGBKZ_inpost .mo-optin-field.mo-optin-form-name-field::-webkit-input-placeholder { color: #444444 !important; } #qYvDRQGBKZ #qYvDRQGBKZ_inpost .mo-optin-field.mo-optin-form-name-field:-ms-input-placeholder { color: #444444 !important; } #qYvDRQGBKZ #qYvDRQGBKZ_inpost .mo-optin-field.mo-optin-form-name-field::placeholder { color: #444444 !important; } #qYvDRQGBKZ #qYvDRQGBKZ_inpost .mo-optin-field.mo-optin-form-email-field::-webkit-input-placeholder { color: #444444 !important; } #qYvDRQGBKZ #qYvDRQGBKZ_inpost .mo-optin-field.mo-optin-form-email-field:-ms-input-placeholder { color: #444444 !important; } #qYvDRQGBKZ #qYvDRQGBKZ_inpost .mo-optin-field.mo-optin-form-email-field::placeholder { color: #444444 !important; } div#qYvDRQGBKZ .mo-mailchimp-interest-container { margin: 0 10px 2px; } div#qYvDRQGBKZ .mo-mailchimp-interest-label { font-size: 16px; margin: 5px 0 2px; } div#qYvDRQGBKZ input.mo-mailchimp-interest-choice { line-height: normal; border: 0; margin: 0 5px; } div#qYvDRQGBKZ span.mo-mailchimp-choice-label { vertical-align: middle; font-size: 14px; } div#qYvDRQGBKZ .mo-mailchimp-interest-choice-container { margin: 5px 0; }html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost.liatris-container { padding: 0px 3px 20px 3px; margin-bottom:20px; } html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .liatris_description, html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .liatris_cta { line-height: 1.2; } html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost .liatris_note { margin-top:3px; } html div#qYvDRQGBKZ div#qYvDRQGBKZ_inpost.liatris-container { border: 1px solid #f0f4f7; }

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Litecoin Spikes 8%: BNB Nears $500

Ethereum went through a volatile week of its own in the past several days, which included a drop to a multi-month low beneath $3,000. After that dump, though, ETH went on the offensive and recovered $300 in days. As of now, a minor 2% increase since yesterday has pushed the second-largest crypto to above $3,300.

Binance Coin is up by around 3% on the day and is close to challenging $500. Ripple, Polkadot, Avalanche, Shiba Inu, MATIC, LINK, and Terra are also slightly in the green.

Litecoin (8%) is the most substantial gainer from the larger-cap alts, followed by ATOM (7%). In contrast, Dogecoin, Solana, and ADA have tapped minor losses.

The cryptocurrency market capitalization has increased by around $40 billion since yesterday and remains well above $2 trillion.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto
SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 25% off trading fees.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


.custom-author-info{ border-top:none; margin:0px; margin-bottom:25px; background: #f1f1f1; } .custom-author-info .author-title{ margin-top:0px; color:#3b3b3b; background:#fed319; padding:5px 15px; font-size: 20px; } .author-info .author-avatar { margin: 0px 25px 0px 15px; } .custom-author-info .author-avatar img{ border-radius: 50%; border: 2px solid #d0c9c9; padding: 3px; }
Uncategorized

Second Parachain Auction Winner Moonbeam Goes Live on Polkadot

Polkadot’s parachain smart contract platform with Ethereum compatibility, Moonbeam, has recently completed its pre-launch process and is now live on the Polkadot network.

Moonbeam Launches on Polkadot

Announcing the launch on Tuesday, the project’s team noted that Moonbeam is the first fully operational parachain on the Polkadot blockchain. With the release, the protocol will pave the way for over 80 projects in its ecosystem to be deployed.

Earlier in October, Moonbeam won the second Polkadot Parachain Auction after seeing over 35 million DOT worth more than $1.4 billion contributed by its supporters from across the globe.

With Moonbeam now live on Polkadot, it intends to bring several new integrations, activities, and users to boost the Polkadot ecosystem and contribute to the growth of the network.

Per the announcement, Moonbeam removed the superuser key, Sudo, during its last launch phase. As a result, the control of the network will now be transferred to the token holders.


ADVERTISEMENT

Balance Transfers

Additionally, Moonbeam has also enabled balance transfers and Ethereum Virtual Machine (EVM) on its platform. The balance transfer will allow users to stake and start claiming rewards from the crowd loan.

After this development, the chain will be overseen by the token holders using Moonbeam’s governance system. The active set of collectors has also been increased to 48.

Following the launch, GLMR token holders can stake with collectors, claim crowdloan rewards, and serve as active network members by participating in the on-chain governance system.

About 30% of the crowd loan rewards, which amounted to about 45 million GLMR, were distributed immediately after the full launch of the project on Polkadot based on the percentage of their contribution, according to the announcement.

The remaining 70% of the rewards, about 105 million GLMR, will be linearly vested over the 96-week parachain lease period that started on Dec. 17, 2021.

Currently, there are about three weeks of vested rewards that contributors can claim.

Moonbeam noted that it intends to deploy several infrastructure projects in the weeks following the launch, including bridges, multisignature support, The Graph, Chainlink oracles, and more.

SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 25% off trading fees.

You Might Also Like:


.custom-author-info{ border-top:none; margin:0px; margin-bottom:25px; background: #f1f1f1; } .custom-author-info .author-title{ margin-top:0px; color:#3b3b3b; background:#fed319; padding:5px 15px; font-size: 20px; } .author-info .author-avatar { margin: 0px 25px 0px 15px; } .custom-author-info .author-avatar img{ border-radius: 50%; border: 2px solid #d0c9c9; padding: 3px; }