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2024-05-02

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When asked whether the estimated price level would stick, Hayes agreed that a 70% to 90% drawdown would occur in BTC price, just like it has after each bull market. The project’s deployer account called the ‘withdrawToken’ function on both the NFTMerge and AdwardCenter contracts, removing over $1 million in LSC from them. These tokens were then swapped for Binance USD (BUSD) stablecoin and sent to another account. best cryptocurrency exchangeBitcoin (BTC) Web3 infrastructure simply wasn’t ready for DeFi when it first hit the scene, but “we’re getting there now,” he says. “We’re going to have infrastructure that’s high performance, that’s cheap to use, that’s secure. And we’ve seen a lot of progress on that front.”

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Network Activity Thrives Amid Regulatory Challenges As per Goel, the fact that Layer-2s are taking the lead in terms of transaction throughput is not surprising. He told Decrypt that “the longer-term view has always been that L2 transactions will overtake Ethereum's,” adding, “it was clear during the bull market of 2020-21 that Ethereum mainnet's block space alone wasn't going to be enough.” Crypto exchange Binance ends derivatives trading and ...As evidence for the Pond0X’s trading volume, the official channel cited a Dune dashboard created by user Mogie, which shows over $111 million in all-time trading volume as of Sept. 29.Total volume metric for Pond0X. Source: Mogie/DuneThe PNDX token launched on July 28. At the time, critics accused the project of being a rug pull or exit scam. At issue was the unorthodox way that the project’s founder, Jeremy Cahen (also known as “Pauly”), launched the coin. In the launch post on X (formerly Twitter), Cahen posted the URL to an app that allowed people to deposit a fixed amount of Ether (ETH) to receive a fixed amount of PNDX. He also posted the contract address for the token. In response, some investors started buying the coin on Uniswap, using its contract address to identify it, while others deposited ETH into the app to receive PNDX. The price on Uniswap quickly rose above that of the ETH needed to mint PNDX, so minters started selling their coins into the market at a profit. Critics claimed that this process transferred over $2 million of wealth 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 that contained no means of reclaiming the funds, leading critics to allege that the whole project was intended to drain funds from investors and send them to Cahen.In addition, coding experts began claiming that the token lacked a normal transfer function. Instead of only allowing the token owner to transfer it, PNDX allowed anyone to transfer tokens. This meant that each PNDX owner could lose their tokens at any moment, since any programmer could “steal” their PNDX using developer tools. On July 29, Solidity enthusiast and blogger Sm-stack claimed they ran a test in Foundry that proved this point.However, more than two months after the project’s launch, it continues to garner hundreds of supporters on Twitter, with replies to official posts routinely saying such things as “FEELS GOOD MAN” and “Best DEX, don’t see a reason for people to use other tbh.”Best DEX, don’t see a reason for people to use other tbh— Lemur (@OGLemur) September 28, 2023 The next leg of DeFi users

X Profile | Source: X This comes after the company's showcase of its latest S21 mining machine at a recent conference in Hong Kong. Best Exchanges for Bitcoin and Altcoins Brazil Crypto CurrencyOn the Lightspeed podcast (Spotify/Apple), Julio explains how dYdX, the perpetual contract market, is trying to address performance demands by building its own custom blockchain, based on Cosmos SDK technology. “It’s tailor-made for derivatives trading, tailor-made for what we’re doing and we’re very excited about it,” he says. All services will be suspended on Nov. 6, though provisions have been put in place for users to export financial data, a company banner on its website reads.

"We do not speak your language and terminology," said Mario Didonato, Group Digital Director at Prada Group, during one of the panels. Additionally, the NAPP has banned miners from mining “anonymous” cryptocurrencies, or those referred to as working based on anonymity and hiding transactions. The authority was referring to privacy-focused cryptocurrencies like Monero (XMR), which allow users to obfuscate network transactions. What are the top 5 DeFi projects?Several crypto executives and developers in the country told CoinDesk they weren’t experiencing severe business disruptions – many of them are working remotely. They were mainly dealing with the personal elements of the attack such as the stress and annoyances of bare supermarket shelves and responding to security scares. Phases of the Merge

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