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2024-05-02

Popular crypto exchanges(2023 Update) 2024-05-02
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“If all we’ve done with Dogecoin at the end of the day is grow awareness in a decentralized currency such as Bitcoin, then I think we’ve done a good job.” – Jackson Palmer, Co-Creator of Dogecoin Weekly chart for ETH/USDT (Source: TradingView) Ethereum (ETH) Price, Charts, and News“Collectively, there is a sentiment that we need to see increased real-world adoption, more regulatory certainty particularly in the USA, greater institutional investment leading to higher prices [and] greater M&A currency, and new digital asset developments to see growth,” Architect Partners’ Elliot Chun said in a statement. 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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Read more: AI Stocks: Best Artificial Intelligence Companies To Know in 2023 These requests come in response to the IRS’s proposed regulations for tax reporting of cryptocurrency, non-fungible tokens (NFTs), and other digital assets, which were unveiled in August 2023. U.S. Regulator Says That Binance Illegally Helped Americans Trade On Its ExchangeAdditionally, concerns over erratic inscription numbers have emerged, with some calls to re-index Ordinals. The development may have raised some concerns in the Ordinals community as it impacts existing Ordinals collections. Read more: Binance raises red flags by selling Russian arm to brand-new CommEX

● The last and final phase, called the Splurge, is a series of miscellaneous upgrades made to ensure the network runs smoothly after the prior four stages are launched. While users often become the target of phishing attacks on social media, bad actors have gone a step further and taken control of the official website of a Web3 project. How to Sell Crypto in India in 2022This news comes shortly after Bitmain's conference in Hong Kong, where it unveiled its latest product, the S21 Bitcoin mining device. This launch was highly anticipated within the crypto community, as Bitmain continues to play a key role in the rapidly evolving crypto mining industry. One of the suspected thieves was able to evade law enforcement officers and appears to be on the run.

The Uranium3o8 spokesperson further added that it's not responsible for the shipping of the live uranium. Instead, they've tapped a Canadian mining firm called Madison Metals. And non-Chinese residents can also use QR codes from Alipay and UnionPay to make payments in Mainland China “through some overseas wallets.” How do I buy Dogecoin with Cashapp?Zhu Su, the founder of Three Arrows Capital (3AC), has been arrested at Singapore Changi Airport and is currently in jail. The liquidator, Teneo, reported Zhu Su to the police. They are also seeking permission to visit Zhu Su in prison to gather information about Three Arrows Capital’s assets. One of the most important dApps in the crypto world. Uniswap (UNI) is a community-based decentralized exchange first built on the Ethereum network. For its size and history, Uniswap is one of the best examples of DAOs that exist. Anyone can become a member by holding the UNI token, the native token, which gives voting rights.

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