Analyst Predicts Rally for One Ethereum-Based Altcoin, ... - cyptoranking.com

2024-04-29

Popular crypto exchanges(2023 Update) 2024-04-29
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Bloomberg crypto analyst Jamie Coutts declares that two blockchains have taken the lion’s share of transaction fees among all smart contract and Proof-of-Stake (PoS) blockchains over the last twelve months. Community Notes helps correct misconceptions on posts to provide helpful context on claims that might be misleading. As a fast-growing concept, the potential shield of ads from being noted is a move that is being closely watched and might draw criticisms moving forward.Amazon and Immutable Want to Make it Easier to Launch Crypto Games Analyst Predicts Rally for One Ethereum-Based Altcoin, ...Types of CBDCs Source: AdobeStock / REDPIXELDecentralized social network Friend.tech has generated over $1 million in fees within just 24 hours of its release, outperforming well-established players like Uniswap and the Bitcoin (BTC) network.According to data from crypto data aggregator DefiLlama, Friend.tech has generated $1.12 million in fees within a single day, and a total of $2.8 million since its inception. As of now, the platform has accumulated $818,620 in total project revenue, facilitating over 650,000 transactions on the social platform with more than 60,000 distinct traders. The driving force behind this project is believed to be a developer operating under the pseudonym Racer. Racer has previously designed social media networks such as TweetDAO and Stealcam, both of which were based on non-fungible tokens (NFTs). With Friend.tech, Racer aims to attract crypto influencers with substantial fan bases, providing them the opportunity to earn royalties from trading fees. Additionally, the platform is also seeking to strengthen relationships between Web3 projects, venture capitalists, and important figures in the crypto industry.Launched as a beta version on August 11, Friend.tech allows users to tokenize their social networks by purchasing and selling "shares" of their connections. This feature enables individuals who acquire someone else's share to communicate privately with each other. Friend.tech applies a 5% fee on transactions, with the owner profiting from the trade spread. The project is built on Coinbase's layer-2 network Base.Friend.tech's Huge Success Sparks ConcernsThe massive success of Friend.tech has sparked discussions about its revenue model, risks, and future potential. Ignas, a pseudonymous DeFi researcher, has pointed out that the platform's current business model relies solely on trading fees and does not consider the number of shareholders involved. Additionally, he raised concerns that controversial personalities might exploit the system to earn higher fees or even use fear, uncertainty, and doubt (FUD) as a strategy. "So controversial personalities might earn more or even creating FUD will be used as a strategy to earn fees," the user said. Lux Moreau, the founder of Talk.Markets, also emphasized that the increasing prices of shares may lead to the formation of smaller groups or alternative group creations within the platform."As shares get sold, the prices also significantly increase. For example, the 500th member pays around 15.6Ξ, the 250th member pays 3.9Ξ, and the 100th member pays 0.625Ξ," the crypto veteran said in a tweet last week. More worryingly, Twitter user Spot On Chain has noted that Friend.Tech’s API can be used to extract sensitive data from the platform, like showing the wallets created by the users. Soon after the tweet, a core developer for Yearn Finance, published a list of 101,000+ users with their wallet address and Twitter username. Additionally, the developer claims that every user on the platform had (unknowingly) given Friends.Tech permission to post on their behalf on Twitter.DeFi Lender Exactly Protocol Exploited For $12 Million

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Magazine: Blockchain detectives — Mt. Gox collapse saw birth of ChainalysisSouth Korea's Crypto Market Cap Nearly Doubles in First Half of 2023, Surpasses $21 Billion Recently, XRP derivatives volume massively increased by 180%, while the exchanged volume doubled up in 24 hours, showing a growing interest by crypto traders in Ripple’s flagship product. How to Buy Bitcoin Anonymously-In the Safest Way ...A spokeswoman for Improbable told news media at the time that the macroeconomic environment was “forcing us to accelerate the path to profitability of our defense business, and we are currently in a collective consultation process with this business.” India number of employees in IT-BPM industry 2023. Source: Statista

Pros and Cons of Central Bank Digital Currency Zhu Su, the founder of Three Arrows Capital (3AC), has been arrested at Singapore Changi Airport and is currently in jail. The liquidator, Teneo, reported Zhu Su to the police. They are also seeking permission to visit Zhu Su in prison to gather information about Three Arrows Capital’s assets. Trading Cryptocurrency: Exchange BasicsThis rise in popularity caused a big fee spike on the bitcoin blockchain, leading some users to complain about the perceived “uselessness” of adding arbitrary data to what should arguably be a monetary network. Since bitcoin is ruled by rules, not rulers, and Ordinals transactions abide by the protocol’s rules, the activity was able to continue and thrive for months, leading to a plethora of applications and new developments being built on the original cryptocurrency. Presently, Fluid is in its preliminary testing stages. The team expects to finalize the audits by the end of November and is planning a bug bounty event in December. The official release of the protocol is projected for January.

Never send money, trade, or invest based on the advice of someone you have only met online.Do not talk about your current financial status to unknown and untrusted people.Do not provide your banking information, social security number, copies of your identifications, such as passports, or any other sensitive information to anyone online or to a site you do not know is legitimate.If an online investment or trading site is promoting unbelievable profits, it is most likely that — unbelievable.Be cautious of individuals who claim to have exclusive investment opportunities and urge you to act fast. — Reserve Bank of Zimbabwe (@ReserveBankZIM) October 5, 2023 India NSE's IPO plan stumbles at market watchdog's door-sourcesImmutable X is a platform that provides minting and trading services for NFTs. As a layer-2 scaling solution for Ethereum, it implemented zk-STARKs to achieve high transaction throughput and fast confirmation times. On top of being fast, the STARKs technology ensures the transaction is secure. AxPay permits customers to transfer money 24/7 between accounts at Axos Financial. The system is similar to Signature Bank’s SigNET and Silvergate’s SEN. Worryingly, both Signature and Silvergate banks collapsed into liquidation.

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