What is a Decentralized Exchange (DEX)? - cyptoranking.com

2024-05-02

Popular crypto exchanges(2023 Update) 2024-05-02
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In an Oct. 8 post on X, Certik, a security-focused ranking platform, reported an exit scam on zkFlex Finance after charts show a 100% in the project’s value. In January, “Ocean’s Eleven” director Steven Soderbergh awarded Faus $100,000 to finish the film, from an on-chain fund established with Decentralized Pictures and designed to assist promising filmmakers open to non-traditional film financing methods. What is a Decentralized Exchange (DEX)?Another concerning factor for Shiba Inu's potential recovery is its trading volume. A robust trading volume often signifies strong interest and activity around an asset, which can be a precursor to significant price movements. However, in the case of SHIB, the trading volume is at an extremely low level. This diminished trading activity suggests a lack of buying interest, which can further dampen any hopes of a swift price recovery. A marked decrease in crypto volatility throughout the third quarter, as highlighted in Kaiko’s Quarterly Market Report last week, suggests the asset class may either be reaching maturity or experiencing dampened activity, it said.

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While SBF’s defense team is positioning Ellison as the primary catalyst for the downfall of FTX and Alameda, citing questionable business decisions, they also pointed out that despite the crypto market’s vulnerability, Ellison failed to take protective measures advised by Bankman-Fried in early 2022. Upon examining the daily chart, Ethereum experienced a significant upward movement with strong bullish momentum after finding support around the $1.5K range. However, after it reached the 100-day moving average at approximately $1.7K, ETH faced substantial rejection, resulting in a steep downtrend. This price action completed a pullback to the broken 100-day moving average, indicating a highly bearish trajectory. What blockchain is USDT on coinbase?Source: Santiment The Block: Does it come down to the size of the spot bitcoin market versus the size of the futures market?

Jack Dorsey-Backed Nostr Platform Collaborates with Zebedee to Create New Social Media Later – How Does it Work? It kicked off with the “Web3 x Fashion” event, a brainchild of the European Web3 Organization, BananaCorp, and AKQA. Esteemed luxury fashion houses such as Prada, Dolce & Gabbana, Balenciaga, Moschino, Armani, Loro Piana, Valentino, Bally, Ray-Ban, and others participated, alongside prominent Web3 firms including Ledger, Tokenproof, Bored Ape Yacht Club creator Yuga Labs, and World of Women. How to Trade CryptocurrenciesIn conclusion, the Messari researcher illuminated the promising nature of Friend.tech, taking into account several metrics. However, maintaining the momentum is crucial, though the current performance foreshadows a promising future. As a result, bitcoin’s (BTC) spot volume for the third quarter has declined to $6 billion, marking a consistent drop from $7 billion in Q2 and $13 billion in Q1.

“We want to create the best case in blockchain and games, by combining the value created by the contents of games and the economy of in-game currency with tokenomics,” Lee added. Known for its privacy, Zcash utilized zk-SNARK in its system. Zcash, a privacy coin, is one of the earliest crypto assets that provided enhanced privacy for its users, assuring confidentiality in financial transactions. 5 Unconventional Ways to Make Money on CryptoAugust data shows a decrease in core PCE inflation to 3.9% / Photo by Alexander Grey on UnsplashAccording to data released today by the U.S. Burea of Economic Analysis (BEA), the Federal Reserve's preferred metric for inflation, known as the core personal-consumption expenditures (PCE) price index, showed a decrease in August. The PCE report was released amid growing concerns about inflationary pressures that could prompt the Federal Reserve to adjust interest rates.The core PCE inflation index rose by 3.9% year-over-year in August, a decrease from the revised 4.3% in July, as forecasted by economists. Monthly, the core PCE deflator increased by 0.1%, falling short of the anticipated 0.2% and down from July’s 0.2% increase.PCE Inflation Metrics and Market ReactionThe year-over-year increase in the PCE stands below 4% for the first time since September 2021. This decline has been viewed as a positive development by investors who were already in buying mode this morning prior to the release of the inflation data. Dow Jones Industrial Average futures rose by 200 points, or 0.6%, a 30-point jump from levels before the inflation data was publicized.Core CPE IndexOn the other hand, the market has been jittery for over a week following the Federal Reserve's latest monetary policy announcement on September 20. Although the central bank decided to hold interest rates steady, it hinted at the possibility of rate hikes to control inflation, leading to a decline in stock prices and a surge in bond yields. The yield on the 10-year Treasury note rose to more than 4.6%, the highest level since 2007.Tom Essaye, the founder of Sevens Report Research, commented on the issue to Barron's. "Powell referred to recent inflation reports as 'good' at last week’s press conference but he said more were needed before the Fed can fully admit it’s pausing rate hikes," he said.The decline in core PCE could serve as another 'good' report that might ease some of the Federal Reserve-induced market anxiety.The Impact of Essential Needs on August's Inflation NumbersIn August, inflation rose by 0.4% as indicated by the PCE price index, based on the report.While a 0.4% uptick in consumer spending can be considered positive for the U.S. economy, the nature of the spending this time is worth noting. Americans allocated more funds to essential needs like gas, housing, utilities, and medical care rather than discretionary items such as dining out, high-end clothing, and vacations.Personal Income and Outlays / BEA September 2023 ReportHeadline PCE, which includes volatile components like food and energy prices, reported a 3.5% increase year-over-year—its highest level since May. Energy prices, in particular, surged by 6.1% from July, making it the largest contributor to the rise in PCE. The price of West Texas Intermediate crude oil, the benchmark for the U.S. market, reached its highest level in over a year, indicating that inflationary pressures may persist.While the dip in August's core PCE inflation may offer a momentary respite, it doesn't provide a definitive answer to the Federal Reserve's future course of action. With energy prices on the rise and lingering concerns about inflation, the central bank faces a complex set of variables as it considers potential interest rate adjustments.FTX Bankruptcy Claims Skyrocket as Company Recovers $7.3 Billion in Assets Simultaneously, Meta will introduce the second generation of Ray-Ban smart glasses on Oct. 17, priced at $299. These glasses offer users the ability to livestream their perspective, providing a unique social interaction experience. They are equipped with Meta AI, an artificial intelligence assistant capable of recognizing and providing information about objects in the user’s field of view.

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