Huobi Guide & Exchange Review: How to Trade Options, Futures, and Perpetual Swaps - cyptoranking.com

2024-05-13

Popular crypto exchanges(2023 Update) 2024-05-13
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Despite concerns that Bitcoin Ordinals are clogging the network, there is little evidence to suggest inscriptions are taking blockspace away from higher-value Bitcoin (BTC) monetary transfers.“There is minimal evidence that inscriptions are displacing monetary transfers,” on-chain analytics firm Glassnode explained its Sept. 25 “The Week On-chain” report.The firm explained that this is likely because inscription users tend to set low fee rates, expressing a willingness to wait longer periods of time for confirmation.“Inscriptions appear to be buying and consuming the cheapest available blockspace, and are readily displaced by more urgent monetary transfers.”Bitcoin Ordinals were introduced in February 2023 and have since accounted for the lion’s share of network activity when it comes to daily transaction count. However, this hasn’t necessarily been reflected in its share of mining fees, with inscriptions only attributing to about 20% of Bitcoin transaction fees, Glassnode noted.Inscription fee share between images, text, audio, video and other data types on Bitcoin. Source: GlassnodeMore inscriptions means more revenue — but there’s a catchWhile inscriptions have strengthened the base-load demand for blockspace and increased fees for miners, Glassnode says Bitcoin’s hash rate has also increased 50% since February.This has resulted in tougher competition for miners looking to swoop in on revenue fees, says Glassnode:“With extreme miner competition in play, and the halving event looming, it is likely that miners are on the edge of income stress, with their profitability to be tested unless BTC prices increase in the near term.”Bitcoin is currently priced at $26,216, but many industry pundits expect some degree of price appreciation in the lead-up to Bitcoin’s halving event scheduled for April 2024.Related: Bitcoin Ordinals creator Casey Rodarmor pitches BRC-20 alternative ‘Runes’ Currently, most inscriptions come as a result of BRC-20 tokens, which were introduced one month after Casey Rodarmor launched the Ordinals protocol on Bitcoin in February.On Sept. 25, Rodarmor pitched “Runes” as a potential alternative to BRC-20s, suggesting that an unspent transaction output-based fungible token protocol wouldn’t leave as many “junk” unspent transaction outputs on the Bitcoin network.Magazine: Blockchain games aren’t really decentralized… but that’s about to change Read more: 4 Best Crypto Brokers for Buying and Selling Bitcoin in 2023 Huobi Guide & Exchange Review: How to Trade Options, Futures, and Perpetual SwapsStarkEx is a layer-2 scalability solution built on Ethereum that has integrated a type of zero-knowledge proof. The zk-STARK acts as proof that validates various transactions. Moreover, the integration of the zero-knowledge proof enables trading and payment applications to be built on top of it. Source: Pixabay / Andy LeungThe Hong Kong police force has issued an alert after 11 Binance users in the region fell victim to phishing scams, losing over $450,000 combined. Through its CyberDefender program, Hong Kong police warned that fraudsters impersonating Binance sent texts claiming accounts needed verification by linking. "Recently, fraudsters posing as Binance sent text messages claiming that users must click the link in the message to verify their identity details before a deadline, otherwise their account would be deactivated," the warning read. It added that once users clicked on the link, hackers were able to drain victims' wallets of all crypto assets.11 Binance Users Have Fallen Victim in Past Two WeeksIn the last two weeks alone, fraudulent messages have duped 11 people into disclosing their account login details. Police asked everyone who received suspicious messages to report them. They also shared the Securities and Futures Commission's newly published list of authorized virtual asset platforms to help residents identify legitimate exchanges.Currently, only Hashkey and OSL hold full retail operating licenses from the SFC. As reported, the Hong Kong Police Force launched CyberDefender, a new metaverse platform aimed at educating the public about the potential dangers associated with Web3 and the metaverse, in May. The platform, developed by the Cyber Security and Technology Crime Bureau (CSTCB), was created to prepare Hong Kong citizens for the challenges ahead in the digital age, with a focus on technology crime preventionHong Kong Embroiled in Controversy Following JPEX SagaDespite its growing regulatory stance toward digital assets, Hong Kong has been embroiled in controversy following the JPEX saga. JPEX, established in 2021, targeted retail investors through extensive advertising campaigns in prominent business and transportation hubs. The exchange claimed to be a licensed cryptocurrency exchange and enticed investors with promises of high returns, reaching up to 20 percent. However, on September 13, Hong Kong's Securities and Futures Commission accused the platform of operating without a license and engaging in "suspicious" activities. Amid the ongoing investigation, the Hong Kong and Macau police have received 2,417 complaints involving alleged losses exceeding HK$1.5 billion. Meanwhile, analysts and industry experts have voiced concern that the fallout from the JPEX debacle will present significant challenges for virtual asset companies and hinder the government's efforts to expand the sector.“At a time when people still don’t completely understand what Web3 is, the JPEX case has created a negative impression for people in Hong Kong on digital assets and the broader Web3 industry,” Cyrus Ip, a crypto venture investor and chief business officer at artificial intelligence start-up DreamWld Technology, said. Tezos Price Prediction as XTZ Pumps 11.5% - Here’s Where the Crypto Is Headed Next

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DSR rates are akin to a “marketing spend to increase the profits of the DAO,” Kazemian told Blockworks, arguing that Maker’s rates don’t track with the Fed’s. Kazemian said FRAX is perfecting the Treasury-exposed stablecoin. Bitcoin has the potential to pay off its climate debt much sooner than solar energy, and, thanks to its ability to mitigate methane, it can address more urgent challenges. #Bitcoin #ClimateAction Buy Tether USD (USDT)“A rugger purchasing his another wallet NFT pretending it’s a fat finger” The exact launch date of the upcoming beta will be shared through ZTX’s official X account, and participants in the beta will be rewarded with incentives during ZTX’s upcoming token launch in Q4 of this year.

The NFTs cost $20 apiece and went up for sale on Oct. 5, and will be available until Oct. 9. A decline in daily inscriptions has largely driven this dip, leaving miners without fees from this avenue. On the bright side, miners successfully tackled a previously congested mempool containing over 500,000 unconfirmed transactions. However, the transactions they prioritized often yielded fees lower than the daily median or average. How Cryptocurrency Changed the World of Casinos7. Proof of Authority Friend.tech allows users to purchase “keys” of individuals, which grants access to private chat rooms with them.The SIM-swap scam occurs when scammers gain access to the victim’s phone number and use it to acquire authentication, which enables them to access their social media and crypto accounts.Manifold Trading, a firm building tools for the ecosystem, estimated that $20 million of Friend.tech’s $50 million of total value locked could be at risk. It called for the platform to beef up its account security measures by enabling two-factor authentication (2FA).Related: How easy is a SIM swap attack? Here’s how to prevent oneThere have also been calls for X to implement 2FA security measures to prevent mobile phone numbers from getting leaked following the high-profile hack of Vitalik Buterin’s account in September, which was also due to a SIM swap attack.“0xfoobar,” founder and CEO of wallet security firm Delegate, advised removing phone numbers from social media accounts.crypto twitter is like a neighborhood where once a day somebody leaves their front door open, gets robbed, and everybody comes together to lament the loss, leaving their own front doors open. instead of retweeting the 75th simswap of the week go remove your phone from everything— foobar (@0xfoobar) October 5, 2023

Immutable has joined AWS’s ISV Accelerate Program, a sales program for companies that use AWS services in their products. Game developers using the Ethereum-compatible Immutable X blockchain can now join AWS Activate, a program for startups that offers technical support, up to $100,000 in AWS credits, and other resources. The second week of the criminal trial for former FTX exchange CEO Sam “SBF” Bankman-Fried continues on Oct. 10, with all eyes on the testimony from key witness Caroline Ellison. Ellison is a former romantic partner of SBF and the former CEO of the FTX-affiliated hedge fund Alameda Research, which also filed for Chapter 11 bankruptcy in November 2022. The former Alameda CEO had lived with Bankman-Fried, along with other FTX executives, in the Bahamas for a period of time. Given Ellison’s former positions, she was a part of Bankman-Fried’s inner circle. In her testimony, prosecutors and the presiding judge over the case, Lewis Kaplan, expect her to provide details regarding the shuffling of customer funds between FTX and Alameda Research. The main focus of the trial thus far has been the alleged fraudulent use of customer funds to repay FTX debtors. Particularly anticipated will be Ellison’s commentary on a meeting in November 2022, during which she admitted to employees of Alameda that Bankman-Fried had given her the go-ahead to use funds for the purposes mentioned above. Related: FTX used Python code to fake its insurance fund figure — Gary WangIn December 2022, Ellison and former FTX chief technology officer Gary Wang pleaded guilty to their alleged roles in the fraud that led to the collapse of the exchange. Shortly after both pleaded guilty, on Dec. 22, they were hit with additional fraud charges by the United States Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC). The SEC alleged that Ellison furthered the fraud scheme by manipulating the FTX Token (FTT) price.Ellison then agreed to a plea deal with the Office of the U.S. Attorney for the Southern District of New York, which meant full disclosure of information and documents demanded by prosecutors during the trial. In exchange, Ellison was able to evade all major charges against her, including a potential 110-year prison sentence. Shortly after, she revealed that she had been aware of FTX customer funds being used, saying that Alameda had access to a “borrowing facility” through FTX from 2019 to 2022.The U.S. Department of Justice said that Ellison’s personal memos, which include diary entries, will most likely be used as evidence against Bankman-Fried. SBF faces charges of seven counts of conspiracy and fraud tied to the collapse of FTX, to which he has pleaded not guilty.Cointelegraph reporters are on the ground in New York covering the trial. As the saga unfolds, check here for the latest updates.Magazine: SBF trial underway, Mashinsky trial set, Binance’s market share shrinks: Hodler’s Digest, Oct. 1–7War, CPI and $28K BTC price — 5 things to know in Bitcoin this week Ram Navami Stock Market Holiday: When are NSE, BSE closed this week?On Oct. 5, Friend.tech announced new account security features to help users protect themselves, including the ability to add and remove login methods. This followed user complaints that the platform’s 2FA passcode feature had inadvertently locked people out when their phone numbers were swapped. Also talking about Bitcoin halvings was Binance boss Changpeng Zhao. He said that a new halving countdown had been added to the Binance home page. It was showing 192 days to go.

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