Crypto platform collapse sets stage for self-custody - cyptoranking.com

2024-05-03

Popular crypto exchanges(2023 Update) 2024-05-03
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Daily chart for BTC/USDT (Source: TradingView) Ethereum, the second-largest cryptocurrency by market capitalization experienced a significant downturn by hitting $1,551, nearing a seven-month low. This drop comes after a challenging week in which it declined by over 8%. The Ethereum community is reeling from this shock, especially considering that ETH began October by breaking the resistance level of $1,700, only to find itself under intense bearish pressure now. Crypto platform collapse sets stage for self-custodyRead more from our opinion section: DeFi has a reputation problem “ETH Validator hub will become an open marketplace that will act as a transparent way for users to choose which nodes they want to delegate their assets to. Our focus will be on Ethereum but will expand to other networks soon. This marketplace will offer enhanced versatility and empowerment to users concerning their assets, enabling them to select nodes that align with their individual risk evaluations and APY objectives. In essence, this service delivers a delegate staking encounter for Ethereum stakers. Ankr places a strong emphasis on security and transparency, and the ETH validator hub is a key part of our efforts to address slashing risks associated with liquid staking while allowing for the introduction of restaking. This hub employs a rigorous validator selection process, considering factors like reputation and security measures. Slashing protection mechanisms are in place to minimize the risk of loss due to slashing events. The ETH validator hub operates with responsive governance, allowing the community to participate in decision-making bolstering accountability and trust.”

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The development followed another credit event of a Goldfinch pool earlier this year, when African robotaxi financing company Tugende defaulted on a $5 million loan set to mature this October. The borrower also breached loan covenants by making intercompany loans to stem the financial struggles of a sister company, a Goldfinch governance post said. Notably, “The Shib” is just one of the many initiatives by the Shiba Inu development team under construction. The Crypto Basic recently reported the Shiba Inu team is working collaboratively with the Bad Idea AI crew on a “secret” AI endeavor.BNB Sharing from Binance CEO CZ! It's Hard to Tell When the Crypto Bubble Will Burst, or If ...Hong Kong's Unwillingness Uphold clarified that eligible trades are all actions on the platform, excluding those specifically highlighted. The excluded trade includes “deposits of a fiat currency into the same fiat currency,” withdrawals, sending crypto from one Uphold user to another, and more.

Iran’s Links With Hamas and Crypto Related: SBF’s Alameda minted $38B USDT to profit off arbitrage trading: Coinbase director Why can i only buy $100 on Coinbase?In March, the US Commodity Futures Trading Commission (CTFC) filed a lawsuit against Binance, suggesting a lax approach to detecting criminal activity. No criminal charges have been filed against the exchange so far. In fact, on Sept. 29, the TVL on the Base network dropped by 16.92% due to the burning of bridged USDC tokens. During that time, Wu Blockchain reported:

An image circulated by the Polícia Civil de Santa Catarina showing the law enforcement agencies and government organs involved in Operation Blockchain. (Source: Polícia Civil de Santa Catarina) — Ali (@ali_charts) October 10, 2023 Ethereum's next big upgrade Shapella expected to hit ...Blockworks: What do you think of the narrative that different blockchains are finally reaching a point of convergent evolution? Binance announced, with a great deal of fanfare, the sale of its Russian business unit to newly-setup exchange CommEX. And as part of this announcement, it highlighted that “operating in Russia is not compatible with Binance’s compliance strategy.”

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