Can I trade derivatives on Coinbase? - cyptoranking.com

2024-05-05

Popular crypto exchanges(2023 Update) 2024-05-05
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What are Ankr's plans for the future? Can we expect exciting and innovative strategies to improve the DeFi sector soon? Coinbase, another global crypto exchange company was fined $3.60 million by the Dutch Central Bank for failing to comply with the domestic regulations. These incidents highlight the country’s commitment to upholding stringent regulatory standards, even at the cost of losing major players in the crypto space. Can I trade derivatives on Coinbase?According to the notification, traders must register their interest in the promo by opting in within the Uphold app. The exchange stressed the importance of the opt-in as only trades made after it will count towards accumulating entries into the draw. Source: AdobeStock / REDPIXELDecentralized social network Friend.tech has generated over $1 million in fees within just 24 hours of its release, outperforming well-established players like Uniswap and the Bitcoin (BTC) network.According to data from crypto data aggregator DefiLlama, Friend.tech has generated $1.12 million in fees within a single day, and a total of $2.8 million since its inception. As of now, the platform has accumulated $818,620 in total project revenue, facilitating over 650,000 transactions on the social platform with more than 60,000 distinct traders. The driving force behind this project is believed to be a developer operating under the pseudonym Racer. Racer has previously designed social media networks such as TweetDAO and Stealcam, both of which were based on non-fungible tokens (NFTs). With Friend.tech, Racer aims to attract crypto influencers with substantial fan bases, providing them the opportunity to earn royalties from trading fees. Additionally, the platform is also seeking to strengthen relationships between Web3 projects, venture capitalists, and important figures in the crypto industry.Launched as a beta version on August 11, Friend.tech allows users to tokenize their social networks by purchasing and selling "shares" of their connections. This feature enables individuals who acquire someone else's share to communicate privately with each other. Friend.tech applies a 5% fee on transactions, with the owner profiting from the trade spread. The project is built on Coinbase's layer-2 network Base.Friend.tech's Huge Success Sparks ConcernsThe massive success of Friend.tech has sparked discussions about its revenue model, risks, and future potential. Ignas, a pseudonymous DeFi researcher, has pointed out that the platform's current business model relies solely on trading fees and does not consider the number of shareholders involved. Additionally, he raised concerns that controversial personalities might exploit the system to earn higher fees or even use fear, uncertainty, and doubt (FUD) as a strategy. "So controversial personalities might earn more or even creating FUD will be used as a strategy to earn fees," the user said. Lux Moreau, the founder of Talk.Markets, also emphasized that the increasing prices of shares may lead to the formation of smaller groups or alternative group creations within the platform."As shares get sold, the prices also significantly increase. For example, the 500th member pays around 15.6Ξ, the 250th member pays 3.9Ξ, and the 100th member pays 0.625Ξ," the crypto veteran said in a tweet last week. More worryingly, Twitter user Spot On Chain has noted that Friend.Tech’s API can be used to extract sensitive data from the platform, like showing the wallets created by the users. Soon after the tweet, a core developer for Yearn Finance, published a list of 101,000+ users with their wallet address and Twitter username. Additionally, the developer claims that every user on the platform had (unknowingly) given Friends.Tech permission to post on their behalf on Twitter.DeFi Lender Exactly Protocol Exploited For $12 Million

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After rebuffing gold, Cramer turned his attention to bitcoin as a possible alternative place to invest some money. Shortly thereafter, Israel entered a war with Hamas, nearly 50 years to the day since the last time the country experienced a surprise attack at such a scale. Over 1,000 Israelis have died since Saturday, with 2,500 people injured, according to local media, and over 100 children, women and elderly Israelis have been kidnapped and taken to Gaza. Crypto Taxes in UK: The Ultimate Guide (2023)The Liveliness metric, which gauges market sentiment by comparing Coinday Destruction to Coinday Creation, indicates investors are increasingly holding onto their assets, Glassnode wrote. Disadvantages of Centralized Cryptocurrency Exchanges

Today, Flare, a blockchain for data, revealed that Subsquid, a worldwide network that offers free, quick, and decentralized data access to developers and the apps they create, has incorporated Flare. Developers using the Subsquid network may now access historical data on the Flare blockchain thanks to the integration. Low Gas Fees: Binance understood that gas fees play a huge role in crypto. Low gas fees make Binance Smart Chain a solid choice for developers and users, compared to Ethereum. Bloomberg MarketsSOL was the biggest loser in the top 10 list and recorded a 24-hour loss of 2.93%. Expanding EOS EVM’s Reach on DappRadar

Founded in 2013, Grease Monkey Games has seen continuous growth, and today, it constitutes an exemplary team of 60 exceptional minds. Their shared vision? To craft aesthetically superior games that seamlessly combine the digital with the robust Motorsports’ physical world. The team, under CEO Arran Potter’s able guidance, shifted their focus from their renowned Film and VFX career to create original IP games in 2014. Mirroring their unarguably eventful journey, the company’s games have seen an overwhelming response, enjoying more than 45 million downloads across the globe. Testament to their success are their well-celebrated creations, Torque Burnout and Torque Drift 1, which combined have over 45M downloads.In 2022, Grease Monkey Games ™ took another strategic leap by unveiling Torque Motorsport. This brand, deeply rooted in their dedication to innovation, is not just another name in the market. It represents a holistic approach to the automotive community, intertwining content creation, part sales, event sponsorships, and game development. With this initiative, Grease Monkey Games reiterates its commitment to not just create games, but to genuinely elevate and reshape the automotive landscape. Hong Kong's regulatory bodies are actively preparing to introduce comprehensive guidelines for the stablecoin market by the close of 2024. This proactive approach reflects a commitment to creating a secure environment for cryptocurrency investors and ensuring the integrity of the market. cryptocurrency market capTalking about crypto in the metaverse, the metaverse will require and need transactions to be completed on an on-demand basis, which is something that blockchain and crypto assets can help with. For the metaverse to function as advertised, there will need to be instant and safe transactions. MATIC’s price has wiped out previous gains from the early October rally, erasing the bullish momentum driven by the expectations of the protocol’s upgrades.

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