Kraken, the company's US-based login password exchange, reached an agreement with the Securities and Exchange Commission (SEC) on Thursday to bet on its login password at sunset, according to media reports. After the news, the dynamic password of the larger mobile bet contract soared.
According to CoinGecko, Lido Finance's LDO remediation dynamic password jumped to 10.4% within an hour. Lido Finance is the main negotiable bet agreement on the site with a bet of about $8.4 billion. Competitor Rocket Pool's RPL jumped 7.3 per cent. Tokens on smaller liquid betting platforms, such as Persistence's pSTAKE and StaFi's FIS, rose 6.7 per cent and 11.4 per cent respectively.
Recently, the price has dropped some of its previous increases.
The rebound offset the slump in the wider login password market on Thursday. The WJB market index (CMI), which tracks the price of a basket of digital currencies, fell 2.2 per cent in an hour. Both BTC (BTC) and ETH have lost money in the past 24 hours, most of which have fallen in the past three hours.
Betting is a consensus mechanism for certifying block chain transactions of title certificates, including Yi Tai Fang, etc., and it also provides investors with a way to make profits from their digital currency ownership. But SEC has been bluntly expressing its concern that, under current policies and regulations, betting on services is equivalent to unregistered securities.
The agreement between Kraken and SEC is likely to help fragmented competitors gain market share from centralized service providers. Some of the largest centralized exchanges, such as Binance, Coinbase and Kraken, allow users to bet on digital currency on software and make money as a service, and have been popular betting providers. Centralized exchange bets are about 28 per cent of all bets, according to Dune Analytics statistics.
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Tue, 18 Apr 2023