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2024-05-04

Popular crypto exchanges(2023 Update) 2024-05-04
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Initial Growth and Issues: PepeCoin experienced rapid growth, with over 1000% gains in a matter of days in May. However, internal team issues emerged as the initial excitement surrounding a potential Binance listing waned. However, if bullish sentiment regains control, the price might retest the barrier around $5.021 and attempt a breakthrough. CYBER’s market capitalization and 24-hour trading volume fell by 4.92% and 40.38%, respectively, to $52,335,454 and $31,834,519, reflecting the market’s gloomy attitude. How To Use Coinbase Wallet?|ExchangesIt is evident that after months of decline, the taker buy-sell ratio has recently spiked rapidly, surging above the 1 mark. This suggests the presence of aggressive buyers in the futures market. If this metric continues to trend upwards, it would likely lead to a new bullish stage in the market, with the price aiming for a significant resistance zone of $2K in the coming months.Are Ethereum Insiders Selling Integrity for Monetary Gains? Source: iStock/JuSunFriend.tech has suffered from a major privacy breach that has led to the unauthorized disclosure of sensitive information pertaining to more than 101,000 individuals.Banteg, a core contributor to popular DeFi project Yearn Finance, has published a repository of publicly available scraped data on GitHub, revealing critical details of over 101,000 users on the Friend.tech platform.The exposed information includes wallet addresses on Base and corresponding Twitter usernames. “101,183 people have given friend.tech access to post as them, leaked db (database) indicates,” Banteg said in a Monday tweet. However, the privacy breach doesn't stop there. Banteg also highlighted a concerning situation regarding Friend.tech's permissions. It appears that these users may have granted Friend.tech the ability to post on their behalf, possibly without fully comprehending the extent of the permissions granted or giving their explicit consent.The breach came to light when Spot On Chain analysts discovered that Friend.tech's API had inadvertently "leaked" information. They revealed that through the API, it was possible to view wallets created by users, with associated Twitter usernames. 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. 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 Says the Information Was Already PublicFriend.tech responded to the incident by trying to downplay the severity of the breach. They claimed that the information was publicly available through their API, implying that scraping it is similar to looking at someone's public Twitter feed."This is just someone scraping our public API that shows the association between public wallet addresses and public Twitter usernames," they said in a recent tweet. The privacy concerns surrounding Friend.tech comes as the platform has gained significant traction recently, attracting high-profile signups and accumulating protocol fees exceeding $1.42 million in the last 24 hours. This impressive growth has positioned Friend.tech among the top three crypto projects in terms of user-paid fees.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.Decentralized Social Network Friend.tech Surpasses $1 Million in 24-Hour Fees, Leaving Uniswap and Bitcoin Behind

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“Will the incentives attract more builders to come? Yeah probably, I just hope they come, stick around, and participate for the long term,” Brea said in a direct message on X. The application must be completely open-source, it must operate autonomously, and with no entity controlling the majority of its tokens. The application may adapt its protocol in response to proposed improvements and market feedback but all changes must be decided by consensus of its users. earn cryptocurrencyMost decentralized exchanges, such as Uniswap and Curve, are automated market makers or AMMs, Julio says. It’s much simpler, he continues, to operate an AMM than an order book, which requires “much more performance in terms of transactions per second, low gas fees, et cetera.” For the seventh week straight, non-fungible token (NFT) sales have slipped further. In the last week alone, NFT transactions totaled $66.11 million, marking an 11.65% decline from the previous week.

According to a recent report by Coinshares, the crypto market experienced the most significant inflows surge since July over seven consecutive days from September 30 to October 6. “It's also plausible that the FTX drainer harbored an assumption that the trial would monopolize so much attention from the Web3 industry that there would be insufficient bandwidth to trace all stolen funds while also covering the trial concurrently.” The 14 Best Crypto Exchanges in CanadaNevertheless, the cryptocurrency’s price could still rise to enter the $0.57035 and $0.592115 zone if traders identify MATIC’s current price as a buy opportunity. Conversely, if sellers continue to exert pressure on the altcoin’s chart, it may fall to $0.543471 – triggering smart money investors to potentially offload their holdings. DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.Hackers target Friend.tech users with cunning verification scam

Consider the importance of scalability. Some consensus mechanisms are better suited than others for delivering high throughput performance during high-volume situations. If a Web3 project wants to reach a substantial amount of users and activity in the future, it should build using fully capable blockchain solutions from day one. – Wolfgang Rückerl, ENT Technologies AG ValeVerse: the Valentino Rossi metaverse on The Sandbox: new Web3 experiences for motorsport fans Coinbase to Launch Bitcoin and Ether Futures Contracts for Institutional Investors on June 5Bullish Whale Investors Have Depolyed $4.5 Million in Fresh Capital Inflows 1/ @friendtech has onboarded over 300k unique users since launch, but is the platform's growth sustainable? 🧵 pic.twitter.com/0iBU8cgJOH

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