Top Decentralized Exchanges - cyptoranking.com

2024-05-03

Popular crypto exchanges(2023 Update) 2024-05-03
Image: cyptoranking.com

Binance-spearheaded Industry Recovery Initiative (IRI), a co-investment project aiming to support the cryptocurrency industry in the aftermath of the FTX collapse, may not have been as effective as desired, a new report suggests.After announcing the IRI in November 2022, Binance spent $15 million in its Binance USD (BUSD) stablecoins out of its total commitments of $1 billion in BUSD, Bloomberg reported on Oct. 10. Binance subsequently moved the remaining $985 million of the pledged BUSD back to its corporate treasury, planning to use it for investments. In March, Binance converted these funds from BUSD to cryptocurrencies like Bitcoin (BTC), citing growing regulatory concerns around stablecoins.Apart from Binance, the IRI had collected an additional $100 million in contributions from 18 organizations by the end of February 2023, including Animoca Brands, Aptos Labs, Jump Crypto, Polygon Ventures and others.Three months after launch, the IRI funded 14 projects, Binance claimed, without disclosing the names of the companies that received funding. The only publicly declared expense from Binance’s $1 billion IRI commitment was the exchange’s acquisition of the South Korean crypto exchange Gopax, announced in early February.According to wallet data collected by Bloomberg, the IRI has invested less than $30 million since its inception last year. Among nine named participants, only DWF Labs and Binance-backed Aptos had spent at least some of the committed funds.Related: New book reveals Binance CEO CZ rejected SBF’s $40M request for futures exchangeIt’s unclear whether the IRI is still working to support cryptocurrency projects, as its Google Docs applicant form is still active.Binance did not immediately respond to Cointelegraph’s request for comment.Transactions associated with Binance-spearheaded Industry Recovery Initiative as of Oct. 9, 2023. Source: BloombergThe IRI’s high capital commitments versus its actual contributions come as the cryptocurrency industry scrambles for funding.The quarterly amount of cryptocurrency-related venture funding has plummeted as much as 70% from Q3 2022, the blockchain analytics firm Messari reported on Oct. 5. According to the report, crypto VC volumes in Q3 2023 amounted to just around $2 billion, down from the all-time high $17 billion in Q1 2021.Magazine: Deposit risk: What do crypto exchanges really do with your money? The first RToken deployers on Base are expected to launch in the next few weeks, according to the team. Top Decentralized ExchangesTracing the History of Bitcoin Axos also worked with Infowars’ Alex Jones until September 28, 2023. Axos cited unauthorized transactions as a reason to terminate the relationship but an attorney for Jones’ organization said that “they had no answers” to queries regarding why the accounts were suddenly closed.

Exchange Rankings Crypto
Image: cyptoranking.com

Beyond the allure of tokens, the BNB Chain Airdrop Marathon offers a unique opportunity to become an integral part of the thriving BNB Chain ecosystem. We will work with Upbit and other industry players to ensure any hacked funds that may make their way to Binance are immediately frozen.Stay #SAFU Blockchain.com wallets 2011-2022More recently, the launch of Ethereum futures-based Ether ETFs on the Chicago Mercantile Exchange (CME) and Chicago Board Options Exchange (CBOE) on Oct. 2 brought in less than $10 million in aggregate assets under management during the first week of trading. Meanwhile, Hong Kong crypto investors have been hit hard by scams and fraudulent activity in recent weeks, with the recent JPEX crypto exchange scandal ballooning to an estimated $180 million in losses, with more than 2,300 Hong Kong-based filing complaints with local police.

— Robert F. Kennedy Jr (@RobertKennedyJr) October 9, 2023 Former Alameda executive Sam Trabucco said Alameda was one of a few companies that was able to restore Tether’s $1 peg through minting and redemptions. The FTX-affiliated hedge fund redeemed $4 billion in USDT after the collapse of the algorithmic stablecoin TerraUSD. Regulatory convergence for commodities: The pluses and minusesNFTs or Non Fungible Tokens are a type of cryptographic asset that is created similarly to cryptocurrency. However, unlike other crypto assets, NFTs, are non-fungible, meaning they are one of a kind and cannot be replaced with something else. For example, it is possible to replace or trade a cryptocurrency like Bitcoin, but this is not the case with NFTs due to their unique characteristics. Level 2 solutions or sharding will not provide it. But Solana can process massive volumes of transactions on level 1 following institutional requirements to completion. The blockchain is compatible with another tier 1 networks.

The Volatility of Fan Tokens’ Prices Poses Risks for Sport Supporters This is a simplified example of interactive ZKP where the prover and verifier engage in back-and-forth conversation/interaction to gradually convince the verifier the truth of the claim without disclosing any information beyond what is necessary to prove the claim. FinCEN Issues Historic Order Against Virtual Currency Exchange Facilitating Russian Illicit FinanceThe key to making this approach to privacy both practical for regulators and agreeable to users could be, for instance, a decentralized data storage of user’s credentials such as idOS — a GDPR-compliant identity system recently announced during this year’s TOKEN2049 conference. With a solution like that, no single party is in control of user’s credentials even as the system verifiably ensures that users are not on any authorized sanctions lists. As reported by Bitcoin.com News over the past few months, the RBZ has been working on the supporting infrastructure. Initially, the central bank said the tokens, which are now known as ZIG tokens, would be useful in insulating holders against inflation and currency depreciation.

Have an opinion on this story? Share it!