DMEX: No-KYC Derivatives DEX With up To 100x Leverage-Sponsored Bitcoin News - cyptoranking.com

2024-04-27

Popular crypto exchanges(2023 Update) 2024-04-27
Image: cyptoranking.com

In an effort to raise awareness and prevent others from falling victim to similar scams, Yyctrader recounted the sequence of events that led to his unfortunate predicament. He revealed that the scam began when he was approached by an individual claiming to represent FriendMEX, the trading platform for friend.tech users. Friend.tech Enables 2FA DMEX: No-KYC Derivatives DEX With up To 100x Leverage-Sponsored Bitcoin NewsiFinex did not immediately respond to a request for comment from The Block. At the time of writing, 1213 NFTs have been minted, suggesting Starbucks has pulled in just under $25,000 from the collection so far.

Exchange Rankings Crypto
Image: cyptoranking.com

Mitigating growing concerns around cryptocurrency centralization due to ASIC mining rigs was one crucial rationale behind the development of CryptoNight. The project’s developers focused on challenging ASIC dominance and advanced a system where GPUs and CPUs could retain their competitive edge in mining. Billy Markus responded to Musk's comment, suggesting that the "realness" of cryptocurrency is "transitory." This statement can be interpreted in multiple ways. It could mean that the value and acceptance of cryptocurrencies are evolving, or it might hint at the volatile nature of the crypto market, where assets quickly gain and lose their value. Best Crypto Exchange 2022:Which Is The Top Centralised...Not sure the "I'm a good guy, I just messed up," defense is going to work for Sam Bankman-Fried. After all, SBF has already confessed in texts that his mantra of so-called effective altruism was all a "front," even referring to his bogus philanthropic efforts as "this dumb game… https://t.co/G4u5h5gexH The NFP report appears to have boosted institutional investors’ confidence in Bitcoin. In an indication of this, a vital on-chain indicator shows that crypto whales based in the US have started piling on buying pressure this week.

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.AntPool is now the biggest Bitcoin mining pool, reaping $20M in 3 days From May through mid-September, the weekly average transaction count for Bitcoin fluctuated between 400,000 and 500,000. It peaked at 600,000 on Sept. 20, a record high. Automated market makers and decentralized exchanges:a DeFi...Google warning message. Image Source: PixabayDecentralized exchange (DEX) Pond0x has reportedly achieved a total trading volume exceeding $100 million despite scam allegations.In a recent post on X (formerly Twitter), the project's official channel referred to a Dune dashboard that displayed over $111 million in all-time trading volume as of September 29.As of now, the dashboard shows a total trading volume of $112.4 million. Pond0x's latest milestone comes despite concerns and allegations of scams surrounding the launch of the exchange's native token, PNDX.The controversy began when the project launched the PNDX token on July 28. Critics accused the project, led by founder Jeremy Cahen (also known as "Pauly"), of being a rug pull or exit scam. The concerns centered around the unconventional manner in which Cahen launched the coin. In a post on X (formerly Twitter), Cahen shared the URL to an app that allowed users to deposit a fixed amount of Ethereum (ETH) in exchange for a fixed amount of PNDX. He also provided the contract address for the token.In response, some investors purchased the coin on Uniswap using its contract address, while others deposited ETH into the app to receive PNDX. Investors Lose $2M in PNDXThe price of PNDX on Uniswap quickly surpassed the value of the ETH required to mint PNDX, prompting minters to sell their coins on the market for a profit. Critics argued that this process transferred over $2 million from those who bought the coin on Uniswap to those who minted it using the app. The ETH deposited through the app went into a contract without any means of reclaiming the funds, leading to allegations that the project was designed to drain funds from investors and benefit Cahen.Furthermore, coding experts raised concerns about the token's lack of a normal transfer function.Instead of limiting token transfers to the owner, PNDX allowed anyone to transfer tokens. This meant that PNDX owners were at risk of losing their tokens at any moment, as any programmer could "steal" their PNDX using developer tools. On July 29, Solidity enthusiast and blogger Sm-stack claimed to have conducted a test in Foundry that proved this vulnerability.Despite these issues, Pond0x continues to attract a significant number of supporters on Twitter, with some expressing positive sentiments about the project.For one, crypto trader and blogger Antony Williams, who claimed to have examined the smart contract code of the app, stated that Pond0x is fundamentally an LP Farm and not a complete scam. The app assigns each user an ID, which determines their share of a pool of Pepe tokens. Users can increase their Pepe rewards by calling the "BribeforLevelUp" function, requiring a deposit of 0.26 ETH. This ETH is used to purchase Pepe tokens, which are then added to the pool for rewards. The exchange also assigns a "Score" to each user, representing their potential rewards from trading fees.Williams noted that these rewards may not be immediately claimable, but he believes the developer likely intends to distribute them in the future. He also suggested that the PNDX token itself is essentially valueless, possibly created in this manner to avoid legal complications.Base Network Outstrips Solana's TVL as Summer Lull Draws to a Close

However, an OpenSea spokesperson told Cointelegraph that they were unaware of Pawlak’s involvement in any such activities, but also noted that Palwak had a “limited scope” while working at the company. Market Dynamics And Trading Volume Mining|part of Investigating CryptocurrenciesOthers noted that BITO launched during a bull market and offers exposure to an asset with a market capitalization more than double that of ETH. For example, the biggest crypto exchange by trading volume, Binance, destroys some of its Binance Coins (BNB) every three months. Then some projects operate like a central bank. These projects employ both deflationary and inflationary measures to keep the value in check.

Have an opinion on this story? Share it!