'Basically a Savior': Why Crypto Is So Popular in Turkey - cyptoranking.com

2024-05-05

Popular crypto exchanges(2023 Update) 2024-05-05
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Which is great news in my opinion. The dissolution of the previous system, based on top-down command and control via centralized institutions, makes it clear that we need a new trust foundation. We need a new approach to building better, more secure, sounder systems that benefit more people. That, essentially, will bring greater economic and political agency to lots more people and lots more small organizations. “The validators can keep the entire state of the order book in their respective memories,” he says, thus furthering decentralization. “But you don’t actually have to add anything to the consensus state of the chain until a trade happens.” 'Basically a Savior': Why Crypto Is So Popular in TurkeySource: PexelsMove-to-Earn fitness platform Sweat Economy has proposed a governance vote to reassign over 2 billion abandoned SWEAT tokens. The protocol had assigned billions of SWEAT tokens to users who signed up during its token generation event (TGE).According to a recent blog post, several users never downloaded the Sweat Wallet app, leaving about 2.5 billion SWEAT tokens (13% of the total token supply) idle or abandoned.Community To Decide the Fate of Idle SWEAT TokensSweat Economy is a health and fitness platform that encourages users to keep fit, letting them earn SWEAT tokens while performing physical activities. Users can convert the SWEAT tokens into other cryptocurrencies or use them to purchase items.According to a recent blog post, Sweat Economy seeks the community's opinion after over a year of fruitless effort contacting the owners of the idle SWEAT tokens. According to the project, its community ideally has no recourse for recovering these abandoned tokens.However, the project placed 90% of the tokens at TGE in a lockup contract that automatically unlocks them over 24 months. The Sweat Foundation holds the keys to the lockup contract, providing an opportunity to reassign the abandoned tokens.Therefore, the project has proposed a two-step approach to recover and reallocate the "idle" tokens. The first part of the approach includes an in-app vote, allowing the Seat Foundation to retrieve the locked, idle SWEAT tokens and transfer them to a treasury wallet.The unlocked tokens will remain in the foundation's treasury until the issuance of a future proposal outlining its reallocation plans. According to the blog post, potential reallocation plans could include burning a percentage of the tokens or using them to fund operational costs or support future product launches.Notably, the tokens will remain untouched in the treasury wallet until the foundation completes a second proposal detailing its reallocation plans, which will not take the course unless the community approves.The Voting RulesAccording to the blog post, the action will not affect Sweat Wallet users but only unlock idle tokens which have remained dormant since the TGE.The foundation noted that 2.5 billion SWEAT token reallocation would affect users who opted in to “Opt into Sweat” but never downloaded the wallet app and did not respond to various attempts to contact them.The timeline for claiming tokens will be immediately after the in-app vote. The team requires a minimum of 75,000 votes to accept or deny the proposal.The voting will last seven days with a three-day extension, depending on the initial outcome. And each person is entitled to one vote with a fee of 0.1 SWEAT token per vote.Crypto Billionaires Lose Big Amid SEC's 2023 Crackdown on Binance and Coinbase Bitcoin (BTC) Price vs. Coinbase Premium Index. Source: CryptoQuant

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Something worth noting here is that the size of the whales isn’t the same between the two assets. Due to the difference in the prices of the coins, 1,000 tokens of each have vastly different weightages. Based on this cutoff, Bitcoin whales would hold at least $27.4 million worth of the asset, while the ETH whales hold just $1.58 million. 2020 2023 Guide:What You Need to Know to Invest in Crypto ...The mixer, which operates across seven different chains, has made a name for itself by allowing users to obfuscate transfers of ten distinct crypto assets, with native ETH on the Ethereum mainnet being the most popular. On Oct. 10 the committee released a 500-page final report accusing Zhao and local Binance executives Daniel Mangabeira, Guilherme Haddad Nazar and Thiago Carvalho of fraudulent management practices, operating without sufficient authorization and offering securities trading without authorization.

The Multichain hack serves as a grim reminder of the challenges and vulnerabilities inherent in the DeFi space. While the promise of decentralized finance is revolutionary, the road to its mainstream adoption is fraught with hurdles. Security breaches of this magnitude not only harm the affected platform but also cast a shadow over the entire ecosystem.Coinbase’s Base records 25% increase in TVL following massive USDC minting Ethereum, along with various other cryptocurrencies, has encountered issues related to centralization. These concerns extend beyond just staking. A notable observation is that a significant portion of active Ethereum nodes are operated by centralized web service providers such as Amazon Web Services. This has raised questions among experts about the potential vulnerability of the Ethereum blockchain to a centralized point of failure. Why can't i buy Dogecoin on Robinhood?According to the post, the deployment of FRAX v3 has begun, and is expected to be completed in the next few weeks. The cryptocurrency saw its price decrease by 1.72% in the past 24 hours of trading. As a result, CoinMarketCap indicated that FXS was trading hands at $5.37, which was just above its daily low price of $5.40. Bybit, which announced its decision to exit the market in late May, told users to close out positions by the end of September.

Leaked internal documents from May 2022 show that Microsoft’s Xbox roadmap included support for crypto wallets. BitMEX Research has revealed transcript excerpts from the fourth day of disgraced FTX founder Sam Bankman-Fried’s (SBF) fraud trial. It suggests that FTX’s insurance balance was different from the public perception. Legal aspects of the UK cryptocurrency market*This is not investment advice.ETH Drops To One-Month Low: What's Ahead For Ethereum? All of this happened despite a record-breaking summer heat wave throughout North America that forced many miners to shut off their rigs so more power on the grid could be directed to households weathering 100+ degree temperatures.

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