Web3's Newest Disruptors: The Rise of Decentralized Perpetual Exchanges - cyptoranking.com

2024-04-29

Popular crypto exchanges(2023 Update) 2024-04-29
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Had Bankman-Fried shut down Alameda, he might have ended his Twitter thread thus, as it appears in the draft: "Alameda Research is dead. Long live FTX."Brazilian Congress puts Binance CEO CZ in crosshairs for indictment Emin Gun Sirer is the Founder and Chief Executive Officer at Ava Labs. Web3's Newest Disruptors: The Rise of Decentralized Perpetual ExchangesThey have implemented a strict policy that mandates the consensus of at least four out of seven signatories to authorize the movement of funds out of the wallet, ensuring a secure and transparent process. A recent report shows that the latest data has exceeded Elliptic’s earlier predictions:

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Authorized Exchanges Itll be interesting to see what Web3 gaming companies come up with on the new monster iPhone. The tools are there for developers to leverage; lets hope they fully utilize them to give us great Web3 experiences. Flow Trading-How To Read Order FlowAccording to analysts, ETH has significantly underperformed the overall market since the Merge event, with both ETH/BTC price and volume ratio trending downward over the past year. NHN has previously developed social casino games like Hangame Poker and mobile titles including Crusader’s Quest and Guns Up! Mobile War Strategy. The company claims that its games have over 37 million total users, according to an announcement.

Advantages of Binance Smart Chain Source: a video screenshot, ABC News / YouTubeAs the trial of Sam Bankman-Fried enters its second week, his lawyers are seeking to question FTX co-founder Gary Wang about his reliance on legal advice regarding loans from Alameda Research. In a legal filing made late Monday night, Bankman-Fried's defense team requested permission from the judge to explore Wang's understanding of these loans, which were used for venture investments and personal expenses, including purchasing a house in the Bahamas.The defense argues that Wang's belief that these were legitimate loans, structured by lawyers and documented in formal promissory notes, is essential in countering the prosecution's claim that the loans were merely a ruse orchestrated by Bankman-Fried to conceal the origin of the funds. The filing highlights Wang's statement that he trusted the lawyers involved and didn't believe they would advise him to engage in any illegal activities.The relationship between FTX and its hedge fund arm, Alameda Research, has become a focal point in the criminal case against Bankman-Fried. Prosecutors allege that he misused funds transferred to Alameda as his personal finances. Bankman-Fried has pleaded not guilty to the fraud charges, and his defense team contends that the involvement of company counsel in the loan arrangements suggests his lack of awareness regarding any impropriety. However, Judge Lewis Kaplan has ruled that discussions about legal advice could confuse or bias the jury and therefore cannot be included in the defense's opening statement.Wang to Conclude Testimony on TuesdayWang is expected to conclude his testimony on Tuesday, after which Caroline Ellison, the former head of Alameda Research and Bankman-Fried's former girlfriend, will take the stand. Both Wang and Ellison have pleaded guilty and are cooperating with investigators.Last week, Wang testified in court, admitting that he and former FTX boss Sam Bankman-Fried committed wire fraud. He revealed to the jury that he and Bankman-Fried engaged in financial crimes and deceitful practices that ultimately led to the collapse of the cryptocurrency trading platform.As the chief technical officer at FTX and a co-owner of Alameda Research, a cryptocurrency hedge fund founded by Wang and Bankman-Fried in 2017, Wang confessed to committing wire, securities, and commodities fraud. He disclosed that the duo illegally withdrew a staggering $8 billion from FTX funds through Alameda Research. Wang further claimed that Bankman-Fried directed these illicit actions.As reported, Daniel C. Silva, former assistant US attorney and shareholder at law firm Buchalter, believes that Bankman-Fried's defense might be setting the stage for a potential appeal if the disgraced crypto boss is found guilty. By focusing on minutiae, the defense could argue that they were deprived of sufficient time and opportunity to prepare an adequate defense, potentially calling into question the fairness of the trial."One of the things [the defense] may be doing is suggesting, ‘This thing moved at light-speed and we were not given a full opportunity to prepare for trial,'" Silva said. "'We need to ensure that we fully understand what every witness is saying because we didn't have an adequate opportunity to prepare [...] an adequate defense as required by the U.S. Constitution.'"Shiba Inu Price Prediction as SHIB Could Skyrocket to $0.00003000 – Will History Repeat Itself with an 822% October Surge? Plan for 30% tax on Bitcoin mining appears dead under ...Major Resistance Level – $1,620Ethereum price tests crucial support at $1,570 as ETH becomes a polarizing topic Source: FCAKomainu, a digital asset custody service, has announced its custodial approval from the UK Financial Conduct Authority (FCA).This regulatory approval allows the company to function as a custodial wallet provider in accordance with the 2017 regulations on money laundering, terrorist financing, and the transfer of funds.According to a press release dated October 6, the FCA approval gives Komainu the authority to offer cryptocurrency custody services within the United Kingdom. This offering also extends to collateral management services, accessible through its Komainu Connect platform.Nicolas Bertrand, the CEO of Komainu, expressed his thoughts on the significance of this regulatory achievement. He emphasized the UK's role in financial technology and innovation, particularly in the dynamic fusion of traditional and decentralized finance.Bertrand said: "We are ideally positioned to capitalize on the expanding digital asset landscape in the UK and other vital jurisdictions, and we remain steadfast in our commitment to our growth objectives."Koimanu's Regulatory EffortsKomainu, established in 2018 and headquartered in Jersey, United States, is a regulated digital asset custodian designed by and for institutional entities.The recent approval from the FCA represents a significant milestone for the company. It closely follows another accomplishment by one of its entities, Komainu MEA (Middle East and Africa) FZE, which secured a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA). In addition, Komainu's European entity recently gained inclusion in Italy's Official Asset Managers (OAM) registry, expanding its capacity to provide digital asset custody services to institutional clients in the region.Evelien van den Arend, the Head of Legal, Compliance, and Regulation at Komainu, underscored the company's commitment to adhering to a robust regulatory roadmap.She said: "This UK MLR registration follows our recent registration with the relevant Italian authorities, as well as our establishment in Dubai. We are dedicated to supporting our growth strategy with a solid regulatory foundation."Komainu's attainment of crypto custodian registration in the UK is a significant feat for the cryptocurrency industry. It is a testament to digital assets' surging popularity and importance in the broader financial landscape. This achievement also reflects the ongoing collaboration between regulators and key industry players, all working towards establishing a secure and dependable environment for crypto investors.3AC’s Su Zhu Apprehended in Singapore on Flee Attempt

“The problem with betting on games being the catalyst for blockchain and crypto is [that] good games take a very long time to make,” he says, “and this has gotten harder over the years.” Magazine: Blockchain detectives: Mt. Gox collapse saw birth of ChainalysisWhat is the CryptoNight mining algorithm, and how does it work? How to Buy Bitcoin Anonymously ? Benzinga CryptoThis project is reflective of a bigger trend where non-fungible token (NFT) projects keep exploring physical editions. By providing a physical aspect to digital NFT ownership, the venture seems to be propelling the discourse around the interconnection of digital and traditional art forms. CryptoMeister gives tips for choosing a trading platform for cryptocurrencies

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