- Elon Musk tweeted about Dogecoin and Shiba Inu, causing the prices of both cryptos to rise.
- According to a Blockchain Research Lab study, Musk’s tweets have an average effect on crypto prices of around 3 percent.
- Dogecoin’s 24-hour price movement has been within the range of $0.0832 and $0.0872 but could not test its resistance level of $0.09 before recording a retracement.
Elon Musk’s Influence on Crypto Prices
Twitter CEO Elon Musk has been linked to several price surges of Dogecoin (Doge) after his tweets triggered speculations among investors. Just recently, Musk has come up with another tweet, causing a fair increase in the price of the meme coin in the last 24 hours. According to the Blockchain Research Lab study on the effect of Elon Musk’s moves on crypto, there was a price range of about 3 percent on average for each of the 47 events after a tweet by Musk.
Dogecoin & Shiba Inu Price Surge
In a statement that is believed to be an apparent joke, Musk Tweeted: „High time I confessed I let the Doge out.“ There was an image attached to the post with the inscription „It was me, I let the dogs out.“ As expected following such influential tweets from him, Dogecoin responded with a 6.6 percent sharp increase while Shiba Inu surged by 2.5 percent as well. Furthermore, there was also a 45-minute price spike that followed immediately after this initial surge according to Blockchain Research Lab’s research findings.
Fact check me @CommunityNotes
Musk further asked people to “Fact check me @ CommunityNotes” in another follow-up tweet which made some users believe that he was referring to some new feature introduced by Twitter rather than having any particular interest in Dogecoin or Shiba Inu coin specifically. This move might have caused more speculation leading up to these two coins pumps over other cryptos available today.
24 Hour Movement Of Dogecoin
The 24-hour move of Dogecoin has been within the ranges of $0.0832 and $0
- The US SEC has proposed new rules that require institutional advisers to properly manage investors‘ assets, including cryptocurrency.
- Galaxy Digital and Ripple Labs have both looked for registration licenses in friendlier nations due to the US crypto crackdown.
- The SEC’s investment rules are meant to prevent financial advisors from misusing, losing, or abusing clients‘ assets.
SEC Proposes New Investment Rules
The United States Securities and Exchange Commission (SEC) recently published new rules that detail how financial advisers must qualify as regulated asset custodians. The regulations aim to broaden the commission’s authority by applying the current investment adviser custody rule beyond client funds and securities to include any client’s assets—including cryptocurrency—in an investment adviser’s possession.
Why Are the Rules Being Proposed?
SEC Chair Gary Gensler believes that these proposed regulations would help ensure that financial advisors don’t inappropriately use, lose, or abuse investors‘ assets. This comes after FTX and Alameda’s major corporate failure in 2022 which led to increased regulatory scrutiny from the U.S. Additionally, The Kraken exchange was charged with selling unregistered securities through its staking program and had to pay a fine of $30 million as well as cease operations of the project. Finally, The NY State Department of Financial Services ordered Paxos Trust Co. to stop issuing Binance-backed BUSD stablecoins.
Where Else Are Crypto Companies Going?
Due to this increased crypto scrutiny in the United States some related firms have sought registration licenses in more friendly nations such as Galaxy Digital Holdings under CEO Mike Novogratz who sought a registration license from the Securities Commission in the Bahamas while Ripple Lab CEO Brad Garlinghouse has also indicated his company will move abroad if necessary.
What Has Been Observed?
As a result of this heightened regulation there have been massive liquidations of altcoins accompanied by whale traders purchasing Bitcoin (BTC).
< h2 >Conclusion h2 > Ultimately these proposed regulations by the SEC are meant to protect investors from potential misuse or abuse of their funds by financial advisors so they can rest assured their money is safe while trading cryptocurrencies or other investments with certified professionals.
IOTA 2.0 and Shimmer Projects Launching in 2023
- The IOTA team is launching the IOTA 2.0 blockchain in 2023 and their most important tasks are the Shimmer and IOTA 2.0 projects.
- The IOTA 2.0 will offer feeless transactions, be decentralized, secure, and permissionless, process transactions within seconds without delay.
- The platform will also lead to the creation of new business models based on micro-payments.
About IOTA 2.0
IOTA 2.0 is the group’s most important task for the first half of 2023 as it launches that year. The platform is positioned to offer more benefits with different kool kits than other scalable blockchain platforms like Fantom due to its leaderless consensus protocol which makes it a highly decentralized distributed ledger protocol able to handle more than just payments. With this platform, users can transfer data and value between humans and machines securely without having to wait for centralized entity confirmations regardless of network participants count. Furthermore, it offers feeless transactions which will benefit users when it launches in 2023.
The developers‘ team has been providing updates about the IOTA 2.0 blockchain that has been in works for some time now but recently released information about its projects hints at its launch come 2023. The team is working hard on Shimmer so it becomes an efficient decentralized financial ecosystem that can compete with other blockchains as well as finalizing GoShimmer Testnet – an implementation of critical technologies such as recyclable addresses (Raddrs), Directed Acyclic Graphs (DAGs) and Mana – an economic system designed to curb spam by making sending messages costly . Additionally, they are relaunching IOTA which includes improving tokenomics of IOTA and clear messaging narratives around what Iota stands for.
„Relaunch of Iota“
In 2018 when co-founder Dominik Schiener announced the project he marked beginning of a decentralized ecosystem with deactivation of coordinator involved in confirming transactions on tangle network paving way for complete decentralization as envisioned by creators when they launched original version back in 2015 . This also means „relaunch of iota“ which includes improved tokenomics (which refers to strategies used by companies or investors including factor such as pricing structure , distribution etc )of iota along with messaging narratives around what iota stands for .
„Finalizing GoShimmer Testnet“
As part of relaunching process , developers are busy finalizing GoShimmer Testnet which focuses on implementation of critical technologies such as Recyclable Addresses ( Raddrs ) , Directed Acyclic Graphs ( DAGs ) & Mana – An economic system designed basically to curb spam by making sending messages costly . These efforts from developers shows there commitment towards making sure shimmer becomes an efficient decentralized financial ecosystem that can compete with other blockchains .
All these developments point towards launch date set for first half 20203 where we can expect improved features from original version like feeless transaction processing within seconds without delay & ability create new business models based o micro payments powered by security & decentralization offered by iota’s leaderless consensus protocol .
- The Most Popular Payment Options for Online Casinos In 2023: A variety of payment options are available on casino sites, including credit and debit cards, e-wallets, prepaid cards, and cryptocurrency.
- Ease of Payment is Crucial: Bettors need full access to fund their casino accounts, allowing them to stake their favorite games. Gamers are always searching for payment methods that are swift and convenient.
- Popular Casino Payment Methods: E-wallets provide secure transactions; Paysafecard allows customers to make payments without sharing personal details; Credit/Debit Cards offer convenience but may have higher fees; Cryptocurrency enables anonymity with fast payments; Prepaid Cards can be used without linking a bank account.
The Most Popular Payment Options for Online Casinos in 2023
Gambling online is becoming increasingly popular; as a result, the need for secure and reliable payment options for online casinos has become essential. With the advancement of technology, top betting operators now provide players with varying casino payment methods to deposit and withdraw funds. Thus, there are a variety of payment options available on casino sites, including credit and debit cards, e-wallets, prepaid cards, and cryptocurrency. This article will explore the most popular payment options available for online casino sites and the benefits they offer.
Ease of Payment is Crucial
Ease of payment remains a crucial factor in choosing an online casino. Bettors need full access to fund their casino accounts, allowing them to stake their favorite games. And they also need various safe means to withdraw their money. Gamers are always searching for payment methods that are swift and convenient. If you are looking for fast payout online casinos in Austria, it is best to look out for online casino sites with flexible casino payment options. These often include AUD-friendly choices that support a seamless transaction and make betting worthwhile.
Popular Casino Payment Methods
There are many different payment methods available for online casino sites. Trying to figure out which one is best for you cannot be very clear. But here is a look at some of the most popular options:
Another popular choice amongst renowned online casinos is e-wallets. E-wallets allow you to store and transfer money from one account to another quickly and securely; some e-wallets have high fees though so be sure to check before using one at an online casino site.
Paysafecard is a popular choice that allows customers to make payments without sharing their bank or credit card details with the casino – offering privacy conscious individuals greater security when making transactions.
- Credit/Debit Cards: li >Using your credit or debit card at an online gambling site offers convenience but may come with higher fees than other types of payments such as e-wallets.< ul >< li >< strong >Cryptocurrency: strong > li > ul >Cryptocurrency offers anonymity when making payments along with fast transactions which makes it attractive option when playing at an online gambling site.< ul >< li >< strong >Prepaid Cards: s trong> li >< /u l >Prepaid cards can be used without needing link up your bank account – meaning you can remain anonymous if desired whilst still being able transfer funds quickly into your gaming account .
< h2 > Benefits Offered by Different Payments Methods h2 > As well as providing players with varied choice , each type of method has its own set advantages . For example , prepaid cards allow bettors peace of mind through not having any risk associated with entering personal or financial data ; whereas cryptocurrencies provide near instant withdrawals due its secure blockchain technology . Many other forms such as debit/credit cards offer convenience due quick processing times ; whilst e – wallets tend t o attract lower fees compared t o other forms , making them more cost effective .
< h2 > Conclusion h2 > From this article we can see there’s no single ‘best’ method , rather what works best varies depending on individual needs . To ensure gamers get the most out pf playing at an online gambling site it’s important they take time t o choose which form suits them best .