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Unlock Exclusive Opportunities with KRX Public Sale: Embrace the Future of KRYZA Exchange!

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Unlock Exclusive Opportunities with KRX Public Sale: Embrace the Future of KRYZA Exchange!

KRYZA Exchange is thrilled to announce the opening of its exclusive KRX token to the public through a compelling Public Sale. This exciting opportunity allows participants to dive into the world of KRYZA Exchange, securing not only the highly sought-after KRX token but also unlocking a gateway to groundbreaking developments – the KRYZA DIAMOND blockchain and the revolutionary KRD coin.

What’s In Store for KRX Public Sale Participants?

  1. Significant Fee Savings: By purchasing a minimum of 50 USDT worth of KRX, participants can enjoy substantial fee savings. KRYZA Exchange goes the extra mile by covering the costs for them, eliminating the need to pay expensive fees on platforms like Uniswap or other DEX.
  2. Early Access to KRYZA DIAMOND Blockchain: One of the most exciting aspects of participating in the KRX Public Sale is the early access to information about the upcoming launch of the KRYZA DIAMOND blockchain. This advanced blockchain technology will pave the way for a new era in decentralized finance, and KRX Public Sale participants will be among the first to receive exclusive insights.
  3. Priority in KRD Coin Initial Sale: Participants in the KRX Public Sale gain a significant advantage as they will be prioritized for the KRD private sale preceding the KRD coin’s initial public offering. This unique opportunity ensures that KRX holders are at the forefront of acquiring the innovative KRD coin.

Why Opt for KRX Public Sale?

  • No Expensive Uniswap or DEX Fees: Save big on transaction fees that are often associated with decentralized exchanges. KRYZA Exchange covers these costs, making your investment journey more economical.
  • Network Fees Covered: Say goodbye to network fees! We’ve got you covered, allowing you to focus on your investment strategy without worrying about additional expenses.
  • Exclusive KRD Token Pre-Sale Option: Subscribers to the KRX Public Sale not only get early access to information but also gain the opportunity to participate in the exclusive pre-sale of the KRD token – a privilege reserved for our valued community members.

Important Considerations:

Before diving into this exciting opportunity, it’s essential to remember that cryptocurrency assets carry inherent risks. Always evaluate your investment capabilities prudently and make informed decisions. The information provided in KRYZA sites and social channels reflects the views of the authors and should not be considered investment advice.

As you embark on your investment journey, conduct thorough research, consult multiple sources, and, if necessary, seek guidance from your personal investment advisor. KRYZA Exchange is dedicated to fostering a community of informed and empowered investors, ready to embrace the future of decentralized finance. Join us on this thrilling venture with the KRX Public Sale!

#krxzaexchange #kryzadiamond #krx #krd #BlockchainStartup

SEC vs. Coinbase Case to Shape Destiny of Multiple Crypto Tokens in the U.S.

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SEC vs. Coinbase Case to Shape Destiny of Multiple Crypto Tokens in the U.S.

The ongoing legal battle between Coinbase and the U.S. Securities and Exchange Commission (SEC) is poised to determine the fate of several crypto tokens within the United States. The SEC initiated the case against Coinbase in June 2023, marking one of the most significant court battles in the crypto space, with the classification of 13 tokens at stake.

During the recent court hearing on January 17, both parties presented arguments to Judge Katherine Polk Failla regarding the dismissal or continuation of the case. The judge displayed a thorough understanding of the crypto industry, repeatedly pressing SEC attorneys to justify when and why the tokens should be considered securities.

Coinbase’s legal team countered the SEC’s claims by disputing the labeling of networks and crypto communities as a “common enterprise” and rejecting comparisons between crypto tokens and stocks. They argued that token purchases on the secondary market lack the rights associated with stock transactions.

Judge Failla has yet to decide whether the case will proceed or if Coinbase’s motion for dismissal will be granted. Notably, her background includes dismissing a case against Uniswap in 2013, where the exchange was accused of selling “scam tokens.”

The judge’s decision is crucial, as it will impact the industry, businesses, regulations, and individuals within and outside the United States. Judge Failla expressed concerns about limiting the SEC’s authority to oversee the crypto space and reservations about classifying a new technology lacking regulatory clarity from Congress.

In addition to the Coinbase vs. SEC case, this week’s Crypto Biz explores other notable developments, including VanEck’s decision to delist its Bitcoin Strategy ETF, changes in IRS rules exempting crypto transactions over $10,000, the impressive performance of Bitcoin ETFs, and Core Scientific’s exit from bankruptcy and plans to relist shares on the Nasdaq.

Polygon Co-founder Proposes Parallelized Ethereum Virtual Machines to Mitigate Inscription Spam

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Polygon Co-founder Proposes Parallelized Ethereum Virtual Machines to Mitigate Inscription Spam

Branden Farmer, co-founder of Polygon, suggests that the problem of inscription spam affecting blockchain networks could be addressed by employing parallelized Ethereum Virtual Machines (EVMs). Inscriptions, a type of digital collectible created by embedding data into the calldata or witness fields of a blockchain transaction, have led to performance degradation and network crashes on various blockchains.

Inscriptions originated on the Bitcoin network, and after the Taproot upgrade in 2021, users found that they could embed data into the “witness” field of a transaction. This allowed for the creation of digital collectibles on the Bitcoin blockchain. The trend extended to Ethereum sidechains and layer-2 solutions, where inscriptions written into the “calldata” field of an EVM-based network led to lower costs for creating collectibles compared to traditional non-fungible tokens (NFTs).

However, the surge in inscription transactions caused high fees and network instability. Parallelized EVMs, according to Farmer, could be a solution. In a parallelized EVM, unrelated transactions can be processed simultaneously rather than sequentially. This parallelism can increase the throughput of blockchains, allowing them to better handle spam transactions.

Farmer explained that in the current EVM setup, transactions are processed sequentially, regardless of whether they are NFT transactions or Uniswap transactions. With a parallelized EVM, unrelated transactions can be processed simultaneously, leading to an increase in overall throughput. This approach can also help in localizing gas fees to specific areas of contention, allowing the network to handle spam more effectively.

While the “localized gas fee” feature has not been implemented on Polygon yet, it is one of the goals. The Polygon team has already implemented “Block-STM,” a step towards parallelization, resulting in a 1.6x improvement in performance. Farmer highlighted that parallelization, initially proposed by Solana developers, is being implemented on various blockchains, including Aptos and Monad, to improve overall network performance. The Ethereum ecosystem is exploring parallelization combined with an increase in block space through layer-2 ecosystems, such as Polygon 2.0.

Ripple Challenges SEC’s Request for Financials, Alleging it’s Untimely and Irrelevant

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Ripple Challenges SEC’s Request for Financials, Alleging it’s Untimely and Irrelevant

Ripple’s legal team has contested the United States Securities and Exchange Commission’s (SEC) request for additional financial documents, asserting that the demand is untimely and irrelevant to the upcoming trial set for April. In a recent court filing on January 19, Ripple argued that the SEC changed its stance on collecting more information during the discovery phase, highlighting that the deadline for such requests had already passed.

The SEC recently requested Ripple to produce audited financial statements for the years 2022 and 2023, disclose all contracts related to the sale or transfer of XRP to external entities after the initial filing, and provide additional details on institutional sale proceeds from XRP.

Ripple’s legal team emphasized that the SEC had ample opportunity to request the information during the fact discovery phase, which concluded in August 2021. They argued that the SEC had “ample opportunity” to demand any necessary material, and the deadline for such requests had already passed.

Ripple’s lawyers also emphasized that the court should not be influenced by the portrayal the SEC is presenting against the blockchain technology company. They urged the court not to go down the “slippery slope” paved by the SEC.

Additionally, Ripple’s legal team contended that the SEC had exhausted all its interrogatories, which are written questions posed by the SEC to Ripple for answering before the trial.

The trial between Ripple and the SEC is scheduled to commence in April. The SEC initially filed charges against Ripple in December 2020, accusing the company of raising funds through the sale of unregistered securities via XRP. However, Ripple secured a partial victory in July 2023, with the judge ruling that XRP is not a security when programmatic sales occur on crypto exchanges. Ripple’s Chief Legal Officer, Stuart Alderoty, recently referred to the SEC as an “out of control regulator” due to its stance on crypto.

Crypto Bulls Face $217M Loss Amid Grayscale Outflow Concerns

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Crypto Bulls Face $217M Loss Amid Grayscale Outflow Concerns

In the wake of apprehensions regarding Grayscale Bitcoin Trust (GBTC) outflows and the approval of spot Bitcoin exchange-traded funds (ETFs), crypto bulls have incurred losses amounting to $217 million over the past 24 hours. This decline in prices is attributed to the prevalent “sell-the-news” sentiment associated with the ETF approval.

There is growing concern that Grayscale, a crypto fund manager, is selling some of its Bitcoin holdings as investors withdraw from the Grayscale Bitcoin Trust (GBTC) ETF. Tracked wallets belonging to Grayscale, identified by analysis firm Arkham, revealed a movement of over $400 million worth of Bitcoin to custodian Coinbase Prime on Thursday, potentially indicating preparations for a forthcoming sale.

Bloomberg Intelligence analyst Eric Balchunas highlighted that GBTC shares transitioned to a 0.9% discount compared to their net asset value on Thursday, likely due to selling pressure.

While GBTC experiences net outflows, other recently approved Bitcoin ETFs are witnessing net inflows. BlackRock’s IBIT surpassed $1 billion in assets under management (AUM) on Wednesday.

The decline in Bitcoin’s value below $42,000 late Thursday, marking a 3.7% decrease since Thursday and a 15% drop from the December peak at $49,000, triggered a broader market retreat. Ethereum (ETH) fell 2.5%, Solana’s SOL dropped 6.5%, and Cardano’s ADA declined by 5%. However, BNB Chain’s BNB outperformed the market, rising by 0.6%, supported by launchpads on the closely linked Binance exchange.

This price drop resulted in significant losses for highly leveraged futures bets on higher prices, amounting to $217 million, with Bitcoin trades alone accounting for $88 million in liquidations. Liquidation occurs when an exchange forcibly closes a trader’s leveraged position due to a partial or total loss of the trader’s initial margin.

Some traders anticipate that the broader crypto markets will be range-bound in the short term, as mentioned in a note on Friday.

Rising Bullish Sentiment in Bitcoin as Implied Volatility Declines

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Rising Bullish Sentiment in Bitcoin as Implied Volatility Declines

Traders are increasing their bullish bets on Bitcoin (BTC) as options for the cryptocurrency appear to be undervalued, with some purchasing call options at strike prices of $45,000 and $46,000 during Thursday’s U.S. trading hours, as reported by over-the-counter institutional cryptocurrency trading network Paradigm.

Bitcoin options allow buyers to acquire the right to buy or sell the underlying asset at a predetermined price on a future date. Calls, which give the right to buy, are utilized by traders to profit from or hedge against price increases, contrasting with put options that serve the opposite purpose.

Traders often perceive options as cheap when implied volatility, a key factor influencing options prices, falls below its long-term average or below the asset’s realized volatility. Implied volatility represents the one standard deviation range of expected price movements of the underlying asset over a year and tends to revert to the mean. Realized volatility, on the other hand, reflects the price movements that have already occurred.

Bitcoin’s implied volatility peaked with the introduction of spot ETFs in the U.S. last week and has since decreased below realized volatility. This has triggered an uptick in demand for call options at strike prices of $45,000 and $46,000 during Thursday’s North American trading hours, according to Paradigm.

Paradigm noted, “We saw a large buyer of Feb $44k straddles and some outright call buying in the $45k /$46k strikes. BTC implied volatility now trades well under-realized volatility, so we are not surprised to see Paradigm customers playing for a sharp rally back in spot and vol.”

The term “outright call buying” suggests that the purchased calls were likely standalone trades, indicating a bet on renewed upward price volatility in Bitcoin rather than being part of a more complex strategy. Since early 2023, there has been a predominantly positive correlation between Bitcoin’s price and implied volatility.

Donald Trump Pledges to Block Central Bank Digital Currencies if Elected

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Donald Trump Pledges to Block Central Bank Digital Currencies if Elected

Former President Donald Trump, currently a front-runner in the Republican leadership race, has declared his commitment to prohibiting the development of a central bank digital currency (CBDC) during a campaign event in New Hampshire.

While on stage alongside former crypto-friendly candidate Vivek Ramaswamy, who recently suspended his campaign, Trump stated, “As your president, I will never allow the creation of a central bank digital currency. This would be a dangerous threat to freedom, and I will stop it from coming to America. Such a currency would give a federal government absolute control over your money. They could take your money, and you wouldn’t even know it was gone.”

CBDCs are digital or tokenized versions of cash regulated and issued by central banks, which may or may not utilize blockchain as an underlying technology. Trump, who was once critical of cryptocurrencies, revealed in an August 2023 disclosure that he owned over $2.5 million in ether.

While there is currently no proposal from the Federal Reserve to introduce a CBDC, the topic has gained prominence in U.S. politics, particularly on the campaign trail. CBDCs have become a significant issue for Florida Governor Ron DeSantis, attracting more public interest than traditional wedge issues such as gun rights and abortion.

Analysts Predict Surge in Ether’s Value in 2024 Due to Dencun Upgrade and ETF Momentum

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Analysts Predict Surge in Ether’s Value in 2024 Due to Dencun Upgrade and ETF Momentum

In the first three weeks of this year, the ether-bitcoin ratio has experienced a 19% increase, recovering part of the 25% decline seen last year.

Analysts suggest that investors are likely to reconsider Ether as the narrative around spot ETF gains momentum, especially considering Ethereum’s continued dominance in the DeFi and NFT sectors.

Despite underperforming Bitcoin in 2023, Ether is seen as a potential core holding in diversified crypto portfolios, as Ethereum remains the leading smart contract blockchain with upcoming key upgrades. Additionally, Ether is widely regarded as the next likely candidate for a spot-based ETF in the U.S.

“ETH could be poised for a breakout year,” stated Nasdaq-listed crypto exchange Coinbase in its weekly newsletter. “Last week’s bitcoin ETF news proved to be a boon for Ethereum, which briefly spiked above $2,700 — reaching its highest price since May 2022. And there are reasons to be even more optimistic about ETH’s near-term future.”

Several firms behind Bitcoin ETFs, including BlackRock and VanEck, are reportedly planning Ether-based spot ETFs. A spot ETF invests in actual cryptocurrency, offering exposure to the asset without requiring ownership, considered more favorable than futures-based ETFs.

The recent launch of nearly a dozen Bitcoin spot ETFs in the U.S. has garnered over $10 billion in cumulative volume, with BlackRock’s product attracting $1 billion in inflows.

The anticipated Dencun upgrade on Ethereum, designed to enhance mainnet scalability with the introduction of “data blobs,” is expected to further stimulate investor interest. Data blobs are temporary transaction data memory, often associated with Layer 2 solutions, that can be attached to Ethereum. The upgrade aims to reduce congestion and network fees by confirming the correctness of attached blob data rather than verifying each transaction.

“Ethereum’s Dencun upgrade began initial tests on Wednesday and in the coming months is expected to implement EIP-4844, which some ETH watchers predict could help reduce network fees by 90% or more,” noted Coinbase.

Institutional crypto firm ETC Group, in its annual report, discussed a bullish outlook for the ether-bitcoin ratio, emphasizing Ethereum’s continued dominance in building decentralized applications, NFTs, and tokenized assets. Despite Bitcoin’s network activity boom in 2023, Ethereum remains the preferred chain.

Ether investors have the opportunity to generate additional returns through staking or locking their coins in the network in exchange for rewards. The current annualized reward rate is around 3.84%, maintaining an average of 4% to 5% since Ethereum completed the Merge in September 2022.

Lastly, Ethereum’s feature of burning a portion of transaction fees paid in ETH has a deflationary effect on the token’s supply, positively impacting investors. According to ETC Group, “The strong dominance of Ethereum in terms of smart contract platforms and the possibility to earn an additional source of yield imply that it should also be a core holding in a diversified cryptoasset portfolio. We therefore think that it is quite likely for the relative performance of ETH/BTC to reverse itself in 2024.”

Bitcoin ETFs Surpass Silver in Market Impact, Second Only to Gold Among Commodities

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Bitcoin ETFs Surpass Silver in Market Impact, Second Only to Gold Among Commodities

Bitcoin ETFs quickly surpassed Silver ETFs in the market, securing nearly $30 billion in assets shortly after receiving approval from the U.S. Securities and Exchange Commission last week. This marked a significant milestone as Bitcoin, with only 15 years of existence, outpaced silver, a metal that has been forming in dying stars for billions of years.

The rapid success of Bitcoin ETFs can be attributed to the seamless conversion of the existing Grayscale Bitcoin Trust into an ETF, resulting in an immediate influx of almost $30 billion into these investment vehicles, according to data compiled by CoinDesk. In contrast, Silver ETFs managed to amass a combined total of approximately $11 billion, as reported by etfdb.com.

Among commodity-focused U.S. ETFs, Bitcoin trailed only gold, often referred to as a digital counterpart to the precious metal, which commands around $95 billion in assets. The achievement of Bitcoin ETFs gaining prominence in the market was met with enthusiasm by industry experts.

Ophelia Snyder, co-founder of 21Shares, which launched one of the ETFs in collaboration with Ark Invest, expressed her surprise at the rapid success, stating, “This was way beyond my short term expectation but is a fantastic validation of bitcoin’s role as a reserve product and of the demand for bitcoin exposure in financial markets.” Snyder shared her thoughts on the accomplishment via X, the platform formerly known as Twitter.

Bitcoin ETFs 1Billion Inflows Despite GBTC Outflows

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Bitcoin ETFs 1Billion Inflows Despite GBTC Outflows

In the first three days of trading since the approval of spot Bitcoin exchange-traded funds (ETFs), net inflows approached $1 billion, equivalent to around 21,000 BTC at the current price of $42,600. Notably, BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund led the way in accumulating bitcoin, while Grayscale’s Bitcoin Trust saw substantial outflows following its conversion to an ETF.

Despite Grayscale’s sizable exits, the overall industry inflow remained robust. The recent approval of BTC ETFs by the U.S. Securities and Exchange Commission marked a significant shift, with Grayscale’s closed-end fund transforming into an ETF along with new products from BlackRock.

However, GBTC holders faced a dilemma as the ETF version retained a management fee of 1.5%, still higher than its competitors. Additionally, the conversion eliminated the fund’s discount to net asset value (NAV), prompting some investors to sell. Nevertheless, the influx of new money into ETFs overshadowed these concerns.

Bitcoin’s price action during the week settled in the $42,000-$43,000 range, experiencing a modest decline of just over 1% in the past 24 hours. The debate now centers on whether the Bitcoin ETF launch can be deemed a success, with differing opinions on the impact of price fluctuations and the substantial selling from GBTC.

While critics point to a nearly 10% decrease in Bitcoin ‘s value since the launch, proponents highlight the impressive $10 billion trading volume for the new ETFs in the first three days. The success of these products contrasts sharply with the overall performance of 500 ETF launches in 2023, which generated only $450 million in volume throughout the entire year.

The final verdict on the Bitcoin ETFs remains uncertain, as the market’s future price movements will likely influence opinions. The potential for Bitcoin to surpass $50,000 and challenge its all-time high above $65,000 could determine whether these ETFs are ultimately considered a major success or face criticism from those advocating a “bust.”

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Our cryptocurrency assets are not considered financial instruments, electronic money, or structured deposits, and the activities we engage in are not considered regulated activities. Possible legal changes or new regulations may affect the project. We have no intention of misleading or deceiving anyone, but unforeseen circumstances can influence outcomes. The taxation of cryptocurrencies may vary by country; everyone should consult with their own tax advisor regarding tax-related questions. For transparency and information related to the project, study and follow the blockchain scanners of KRYZA coins and tokens, the KRYZA social media channels, such as the KRYZA Hungarian group on Meta (Facebook), the official KRYZA Telegram group, and the official KRYZA TikTok channel. We do not assume responsibility for issues arising from not following these channels. Cryptocurrency asset prices show significant fluctuations. We urge you to assess your investment capabilities rationally and make investment decisions cautiously. The project does not take responsibility for potential losses arising from your decisions and investments. The information and analyses on the KRYZA platforms and social media channels reflect the opinions of the authors and are not promises, investment analyses, or advice. The suitability of a specific investment can only be determined through an examination tailored to the individual investor, which the project does not undertake and is not suitable for. Therefore, thoroughly research and, if necessary, consult with your personal investment advisor before each investment decision!

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A kriptovaluta eszközeinket nem tekinthetők pénzügyi eszköznek, elektronikus pénznek vagy strukturált betétnek, és a végzett tevékenységeink nem minősülnek szabályozott tevékenységnek. Esetleges jogi változások vagy új szabályozások befolyásolhatják a projektet. Nem szándékozunk senkit félrevezetni vagy megtéveszteni, de előre nem látható körülmények befolyásolhatják az eredményeket. Országonként a kriptovaluta adózása eltérő lehet, mindenki saját adószakértőjével konzultáljon adózási kérdésekben. A projekttel kapcsolatos átláthatóság és tájékoztatás érdekében tanulmányozzák és kövessék a KRYZA coin és tokenek blokklánc scannereit, a KRYZA közösségi oldalait, mint például a KRYZA Magyar csoport a Meta-n (Facebookon), a KRYZA hivatalos Telegram csoportját, és a KRYZA hivatalos TikTok csatornáját. Az ezen oldalak követésének elmaradásából fakadó problémákért felelősséget nem vállalunk. A kriptovaluta eszközök árjegyzése jelentős ingadozást mutat. Arra kérünk, hogy racionálisan értékelje saját befektetési képességeit, és óvatosan hozza meg befektetési döntéseit. A projekt nem vállal felelősséget az ön döntéseiből és befektetéseiből származó esetleges veszteségeiért. A KRYZA oldalakon és közösségi oldalakon található információk és elemzések az szerzők véleményét tükrözik, nem ígérvények, befektetési elemzések vagy tanácsok. Egy adott befektetés megfelelőségét csak egy a befektető egyedi személyiségéhez igazított vizsgálat alapján lehet meghatározni, amit a projekt nem vállal és ennek nem is felel meg. Ezért minden befektetési döntés előtt részletesen tájékozódjon, és szükség esetén konzultáljon személyes befektetési tanácsadójával!

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