5 Crypto Exchanges for Trading in Cryptos - cyptoranking.com

2024-05-03

Popular crypto exchanges(2023 Update) 2024-05-03
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Facilitate secure, blockchain-based voting and governance. Image by Gage SkidmoreThe U.S. House Financial Services Committee is currently a battleground for discussions concerning the possible launch of a Central Bank Digital Currency (CBDC) by the Federal Reserve. Today, Maxine Waters, a Democratic representative from California, sharply criticized a bill reintroduced by Republican Rep. Tom Emmer of Minnesota. The bill is looking to prevent the Federal Reserve from creating a CBDC.The Ongoing Debate on Crypto Adoption in the U.S. GovernmentLast week, Republican Rep. Tom Emmer of Minnesota rolled out the "CBDC Anti-Surveillance State Act," also known as HR 5403. According to a statement from Emmer, this bill, which is supported by 50 Republican co-sponsors, would prevent the Federal Reserve from directly issuing a CBDC to individuals. Additionally, it would stop the Fed from indirectly making a CBDC available through a third party.Waters, who has served as a former chair of the Committee, voiced concerns that the bill's partisan nature could hamper technological advancements in finance and put the U.S. at a disadvantage globally."Unfortunately, Republicans are marking up one bill that is not bipartisan. It will keep the United States behind other countries, including China, as they race forward to develop a global standard for central bank digital currencies," she warned. "At this point, nobody fully understands the potential benefits and challenges of CBDCs, or how their implementation could affect the preeminence of the U.S dollar and global finance more broadly. That is why the Biden Administration and the Federal Reserve are researching this."Crypto Regulation and Its Possible Impact on U.S. Global StandingWaters further argued that the bill put forth by the Republicans could slow down ongoing research efforts, which in turn could affect the country's ability to keep up with financial technological changes. "The Republican bill before us today would stifle that research and prevent us from moving forward even if it means that the dollar loses its status as the world’s reserve currency," she said. "And even if it means that U.S. citizens lose out on faster, cheaper, and simpler payments."This presents a concern for the U.S., as it may lose the opportunity to set global standards in what could be a major financial development.Maxine Waters and the Committee's Work on US Crypto and Other Financial MattersBefore concluding her remarks, Waters expressed disappointment in what she saw as a lack of willingness to innovate on the part of Republicans. "I am disappointed that Republicans have taken such a deeply anti-innovation stance," she commented.Despite disagreements, Waters acknowledged that the Committee's recent meeting was largely productive. She highlighted the Committee's progress in reaching a consensus on various matters, including U.S. banks reducing risks in their dealings with the Caribbean and other regions, compliance with sanctions concerning Russia and Belarus, and the imposition of sanctions on foreign companies that facilitate spyware targeting U.S. national security personnel.Other Legislative Efforts and Positions on CBDC in the U.S.Another bill up for discussion on today targets a more bipartisan approach. Known as the "Power to Mint Act," H.R. 3402 is sponsored by Democratic Rep. Jake Auchincloss of Massachusetts and Republican Rep. French Hill of Arkansas. The bill would mandate that the Federal Reserve seek approval from Congress before moving ahead with the issuance of a CBDC.It's not just in Congress where opinions on CBDCs are strong. Florida Governor Ron DeSantis, who is also a presidential candidate, signed a bill in May that prohibits the use of a federal CBDC in Florida. Another presidential hopeful, Vivek Ramaswamy, has likewise expressed firm views against CBDCs.While discussions are ongoing, the potential introduction of a CBDC by the Federal Reserve evidently has both supporters and detractors within the U.S. House Financial Services Committee. The implications for the U.S. in terms of global financial technology advancements and crypto regulation remain important topics that lawmakers will have to continue to grapple with.Hong Kong Steps Up Crypto Regulation with Warnings to Imitation Banks – Here's What You Need to Know 5 Crypto Exchanges for Trading in CryptosBesides the direct sell-offs from the Ethereum Foundation, leaders within the community, including co-founder Vitalik Buterin, are also known to liquidate enormous amounts of Ethereum for undisclosed reasons. What happens when a price of a coin runs like a bull? Definitely, the price hikes, and that is known as the “Bullish” trend and a person who is optimistic about the price surge is a “Bull”.

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Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together.Thousands of users fall victim to data breaches every day. That’s why now it’s more important than ever to understand what data breaches are, how they happen, and how to prevent them.Most websites store user data in some shape or form. When they experience a data breach, controlling the spread of the compromised data becomes very difficult. The effects of a data breach can be devastating, with permanently damaged online reputation or even identity theft.For crypto traders, a password breach might mean a substantial financial loss. That’s why it’s essential to understand more about data breaches and how to protect your passwords – and your money.How data breaches happen Data breaches can occur in several ways and for many reasons. A malicious party outside the organization is typically to blame – but someone within an organization can also cause them. When a data breach happens within the organization, it’s often the result of an unintentional accident, human error, or infrastructural weaknesses. However, they can also be insider jobs – a data breach deliberately carried out by someone within the company.When a data breach happens due to a malicious party targeting the organization, it’s known as a deliberate attack. These deliberate attacks may involve techniques like ransomware, phishing, social engineering tactics, SQL injection, or brute-force attacks.Stolen credentials – the most common cause of data breaches Unsurprisingly, stolen or leaked credentials are most commonly responsible for data breaches.When a password is stolen or leaked, it becomes available to unauthorized parties and can be used to access various personal or business accounts. Cybercriminals can steal passwords in several ways, including keylogger programs, phishing, social engineering, brute-force attacks, and, sometimes, simply guesswork.A stolen password can have severe consequences for users and organizations, exposing accounts to cybercriminals and potentially causing significant financial losses.The biggest data breaches of 2022 This year has seen many major data breaches exposing the data of millions of customers. Here are some of the most significant incidents this year to date: January 17, 2022: Hackers broke into almost 500 crypto traders’ wallets on crypto.com and stole $18 million in bitcoin and $15 million in Ethereum.March 21, 2022: The Lapsus$ hacker group breached the authentication company Okta, affecting 2.5% of the company’s customers.March 23, 2022: Cybercriminals successfully stole $625 million in cryptocurrency from the makers of Axie Infinity.July 21, 2022: Hackers breached the data of approximately 5.4 million Twitter users and put it on sale with their phone numbers and email addresses.How can cybercriminals use stolen data?Hackers can use stolen data in many ways, some of which are worse than others. What criminals do with stolen data largely depends on whether it’s business or personal.Personal informationSell it for profit. Cybercriminals may put stolen data up for sale on the dark web. According to Experian, criminals can sell data for anywhere between $1 to $2,000.Steal money or commit financial fraud. Stolen data may give attackers access to bank or investment accounts – a relatively easy way to steal the user’s money.Commit identity theft. Hackers may use stolen data to open new credit cards or file a tax return under the victim’s identity.Cause damage on social media. Cybercriminals may also use stolen data to access the victim’s social media accounts. They may share posts as the victim or contact their friends and followers to ask for money.In most cases, the victim will have to jump through hoops to restore their life to how it used to be, including contacting the authorities, changing all login credentials, and notifying family and friends.Corporate informationStolen corporate information can have a devastating effect on an organization’s reputation too.When a significant data breach occurs, users may lose trust in an organization and its ability to handle their information securely. This loss of confidence can seriously impact the business long-term, causing irreversible reputation damage.Of course, stolen corporate information may also lead to major financial losses, like in the cases of the data breaches listed above. Overall, data breaches pose serious risks – whether at an individual or corporate level.How to prevent a data breachIndividuals and organizations can prevent data breaches in various ways, including:Keeping software up to date.Being mindful of phishing attacks.Shredding documents with personal or financial information.Only using secure websites.Checking credit reports.However, since most data breaches happen due to weak or stolen passwords, let’s look at how to improve your passwords.Improve your password securityPassword security is vital in data breach prevention. Strong passwords are much harder to crack and will be more effective in keeping your accounts safe. Here are some tips for password security:Create unique passwords that are at least 12 characters long.Use lower and uppercase letters and a combination of letters and numbers.Include at least one special character. The longer and more complex your password is, the harder it becomes for hackers to guess or crack it.Keep your passwords safe. Using a reliable password manager could help you always create strong, uncrackable passwords and store them in a secure, encrypted place. Password managers can help avoid human errors and make your accounts more secure.Data breach prevention tips for crypto wallets With crypto trading becoming more popular, crypto-related data breaches are increasing too. Protect your crypto wallets with strong passwords as your first line of defense. Here are some tips for keeping your crypto wallets safe:Create complex passwords. Malicious tools for brute force attacks and password guessing are easily accessible to hackers. If your passwords aren’t strong enough, hackers may be able to break into your crypto trading account and empty your wallet. Use unique passwords. Don’t use the same password on several accounts. Unique passwords are also essential because of the risk of third-party data breaches. One email account could compromise all shared passwords if it suffers a breach.Use a password manager. Remember your complex and strong passwords with a password manager. These helpful cybersecurity tools let you store, autofill, and save as many strong passwords as you want. Your passwords are easily accessible on any device – but only to you.About NordPassNordPass is a highly rated password manager created by Nord Security – a global company specializing in personal and business cybersecurity solutions.NordPass allows users to store, autosave, and autofill unique, complex passwords to secure their online accounts. Users can also store credit card information, notes, and other sensitive information they want to keep securely. The NordPass Premium subscription comes with a handy Password Health tool that detects weak, old, and reused passwords on your accounts. NordPass also has a built-in Data Breach Scanner to check if your passwords, email addresses, or credit card details have been leaked so that you can protect them immediately. NordPass operates under zero-knowledge architecture, meaning that only you know what you keep in your secure password vault. All your passwords and sensitive information stored in NordPass are protected with XChaCha20 encryption for advanced security.Special Deal: NordVPN's 2-year and 1-year Standard, Plus, and Complete plans come with 3 months free!Light Up the Xmas Tree With 1xBit and Win this Christmas Amid these challenges, Ethereum has found itself at a relatively unnoticeable support level. This support, often overlooked in favor of more prominent price points, could play a pivotal role in determining ETH's trajectory in the coming weeks. If Ethereum manages to hold above this level, it could provide the foundation for a potential rebound. Conversely, a breach below could exacerbate the bearish sentiment. How to Buy Dogecoin in New ZealandFTX Advisor Kumanan Protects $400M Assets Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.In this week’s newsletter, September became the biggest month of crypto exploits in DeFi, with over $300 million in losses, and the popular DeFi lending protocol Yield announced its permanent closure by December.Polygon co-founder Jaynti Kanani has stepped down from his day-to-day roles at the firm, saying he will now monitor from the sidelines, and decentralized autonomous organizations (DAOs) can help scientists find funding and community, according to a prestigious science journal.The DeFi market had a mixed week in terms of price action, with most of the top 100 tokens trading in the same price zone as last week.September becomes the biggest month for crypto exploits in 2023: CertiKSeptember has officially become the worst month in 2023 (so far) for crypto-related exploits — with a whopping $329.8 million in crypto stolen.On Oct. 2, blockchain security firm CertiK said the most significant contributor to the month’s totals came from the Mixin Network attack on Sept. 23, when the Hong Kong-based decentralized cross-chain transfer protocol lost $200 million due to a breach of its cloud service provider.Continue readingYield Protocol to permanently “wind down” operations by December 2023Yield Protocol announced its decision to shut down by the end of the year due to a lack of business demand and global regulatory pressures.Yield Protocol will cease to exist after its December 2023 series ends, which is due to mature on Dec. 29. Yield Protocol’s announcement detailing the “wind down” operation confirmed that the March 2024 fixed rate series launch had been canceled.Continue readingPolygon co-founder steps down, will contribute “from the sidelines”Jayant Kanani announced that he has stepped back “from the day-to-day grind” on the project for the first time in six years. In an Oct. 4 X (formerly Twitter) thread, Kanani said he planned to focus “on new adventures” while contributing to Polygon “from the sidelines.” Along with software engineers, including Sandeep Nailwal, Anurag Arjun and Mihailo Bjelic, Kanani helped found the Matic network in 2017, which was later rebranded to Polygon.Continue readingDAOs can help scientists find funding and community, says Nature science journalThe Nature science journal recently published an editorial in its Nature biotechnology section lauding DAOs as a revolutionary new method by which researchers working in underfunded scientific fields can create communities around their work and raise funding that otherwise might not be available.In a DAO-based research scheme, a project’s organization, fundraising, feedback and pipeline from discovery to product/industry can all be handled by the same decentralized governing body.Continue readingWirex taps ZK-proofs for noncustodial crypto debit card issuanceCrypto payment service provider Wirex announced the launch of a zero-knowledge proof (ZK-proof)-based noncustodial crypto debit card service called W-Pay on Oct. 3.Wirex’s new decentralized solution utilizes zero-knowledge technology and is built on Polygon’s Chain Development Kit, promising increased scalability and security. Polygon’s CDK has been built with ZK-proofs in focus, enabling companies and users to develop their own ZK-powered layer-2 rail.Continue readingDeFi market overviewData from Cointelegraph Markets Pro and TradingView shows that DeFi’s top 100 tokens by market capitalization had a minor pullback from the last week, with most tokens trading in the green on weekly charts. The total value locked into DeFi protocols dropped to $45.07 billion.Thanks for reading our summary of this week’s most impactful DeFi developments. Join us next Friday for more stories, insights and education regarding this dynamically advancing space.

How Does Crypto Play a Huge Role in the Metaverse? “This industry recognized Arm PSA certification establishes a solid security foundation for bringing smart devices to Web3 in a trustworthy manner, further revolutionizing the decentralized IoT industry and giving IoTeX a bigger lead within the Decentralized Physical Infrastructure Networks (DePIN),” Fan said. “It will also significantly challenge the corporations currently monopolizing the industry, such as Amazon, Google and Microsoft, to mention a few.”Lido faces skepticism for Arbitrum grant request Qatar launches new derivatives exchange frameworkWhen it comes to Validium, it combines the validity proofs with off-chain data storage to enhance scalability. Validium ensures that the validity proofs are published on the base chain and the data is stored off-chain. To calculate the unrealized PnL for long positions, the formula is as follows:

It is currently approaching the long-term support/resistance level at $4200 (green line). At the same time, this is the area of the standard correction at the 0.382 Fib retracement. Star Atlas As cryptocurrency nears a 'Lehman Brothers' moment, lawyers look at how insolvency law will copeStill wondering why different monitors display varying halving dates? It’s due to the block interval occasionally dipping below the ten-minute average, which has led to the difficulty ratcheting up twice already. In fact, in May 2023, BeInCrypto reported that the Australian blockchain-based startup Everledger was wrapping up operations due to a lack of funding. Earlier this month, the blockchain data firm Chainalysis laid off 15% of its staff citing market conditions.

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