How to Buy USDT on Yellow Card? - Support Knowledge Base - cyptoranking.com
2024-04-18
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 Hong Kong's Cautious Approach: Fostering Crypto Adoption with Investor Protection How to Buy USDT on Yellow Card? - Support Knowledge BaseJulian Assange holds up a copy of the Guardian newspaper during a press conference in London on July 26, 2010. Fee: Do you see progress arriving at a faster pace in places outside the U.S.?
A DeFi protocol that once attracted $22 million in total value locked (TVL) and boasted some of the industry’s top venture capital backers is shutting down operations. Rise of Ethereum staking came at cost of higher centralization — JPMorgan Standard Form 86-Questionnaire for National SecurityVitalik Deposits 400 ETH to Coinbase, Total 2421 ETH Sent to Multiple CEXs in 10 Days CTSI/USDT Daily Chart. Source: TradingView
U.S. supermarket chain Trader Joe’s filed a complaint last week against decentralized exchange (DEX) Trader Joe, alleging federal trademark infringement. This possibility is particularly apparent when considering Bitcoin’s long-term performance against the S&P 500. Indeed, the clear signal confirming the bull market’s start in February 2023 appears intact. Best Cryptocurrency Wallet Software 2023On the positive side, Santiment analysts explained that whales and sharks in the Ripple network are increasingly accumulating more of the XRP supply. While last year the amount of coins held by cryptocurrency wallets holding between 100 thousand and 100 million Ripple tokens was 7.16 billion dollars, this year it increased to 7.89 billion dollars. On the project’s Discord server, a member of Ordswap’s team and users reported that for a time, the website featured a button prompting users to connect their crypto wallet in an apparent attempt to phish users.
CPU bitcoin mining involves mining bitcoin from the computer. It is an easy and affordable course of action to adopt. Unfortunately, it isn’t very feasible when it comes to mining bitcoin. But, it is the best method for altcoins. Its primary advantage is its availability. Interested miners can download a few programs to their desktop or laptop and start bitcoin mining instantly. This is the best approach for people who do not want to invest a lot of money in mining. One of the barometers the cryptocurrency world’s rising legitimacy is the influx of applications for spot Bitcoin (BTC) and Ethereum (ETH) exchange traded funds (ETFs). Turpin suggests that such movements could be viewed as third-party endorsements of the digital currency sector. UnionBank first universal bank to offer crypto exchange on mobile appNumber three was BNB Chain, with a TVL of $4.6 billion and a percentage of 5.6, followed by Arbitrum and Avalanche, which had a TVL of $2.8 billion and $1.54 billion, respectively. Ton has 1.74% of the TVL in the DeFi landscape with $1.42 billion, followed by Polygon with a TVL of $1.16 billion. The last two chains on the list were Solana and Optimism, with a TVL of $1.37 billion and $902 million, respectively. The wedge’s support line also coincides with the $0.00095 horizontal support area, increasing its significance.
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