What is a decentralized exchange? (DEX) - cyptoranking.com

2024-05-13

Popular crypto exchanges(2023 Update) 2024-05-13
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In this regard, Jean Claude Ghinozzi, CEO of VR46 Metaverse, said: Hong Kong’s police force has raised the alarm after 11 Hong Kong-based Binance customers were targeted in a wave of phishing scams sent through text messages. What is a decentralized exchange? (DEX)Ethereum is a decentralized blockchain platform with a Peer-to-Peer (P2P) network which securely executes and verifies application code, which are called smart contracts. Smart contracts enable participants to transact with each other without a trusted central authority. "There are many reasons for the current altcoin/ether underperformance vis-à-vis bitcoin," Deutsche Digital Assets Head of Research André Dragosch told The Block. He said that a major catalyst for the underperformance of ether was the lukewarm reception from institutional investors toward last week's newly deployed Ethereum Futures ETFs in the U.S.

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“A strict policy has been implemented that requires at least of four out of seven signatories to move funds out of the wallet,” Crypto Aid Israel said. Algorithmic stablecoins do not rely on a reserve of assets to maintain their peg, unlike USD Coin (USDC) and Tether (USDT). New Cryptocurrencies for 2023The initiative has also brought onboard notable figures from the Ethereum community — such as Frax founder Sam Kazemian and 0xMaki — as advisors.Fixed rate-focused Yield Protocol is the latest DeFi project to wind down

On Oct. 8, Ethereum plummeted to a low of $1,548 as the market resorted to profit-taking. Ethereum has been unable to recoup its previous-day losses and is currently in the red. ETH was down 0.54% in the last 24 hours to $1,583 at the time of writing. Under new leadership 7 Best Cryptocurrency ExchangesCommEX appears to be only one of the firms relying on Binance technology or liquidity to serve the Russian market. Nominex, the creator of “entertrading” — a portmanteau of entertainment and trading — advertises itself as an “Official Binance Broker,” and even specifically highlights that “all funds are stored on Binance and, in fact, transactions are also executed on the Binance exchange.” Now and Next

Source: TradingViewXRP has overtaken USDC as the fifth-biggest cryptocurrency in the world in terms of market cap, with the altcoin's price rising by 2.5% in the past week.At $0.509616, XRP is down by 1.5% in the past month, yet it remains up by 50% since the beginning of the year, helped by Ripple's largely positive outcome in its case with the SEC.And given that XRP has declined in the past few weeks mostly because of market-wide negativity, it's positioned nicely to rise up again in the near future.XRP Price Prediction as XRP Overtakes USDC and Becomes Top 5 Coin in the World – Can XRP Reach $100?XRP has been slowly gaining some much-needed strength this week, with its indicators beginning to look more promising, as if the altcoin is on the brink of a significant recovery.Its relative strength index (purple) has climbed up to 50 and looks as though it could easily rise higher (taking the coin's price with it), given that it has spent around a month close to 30.In addition, XRP's 30-day moving average (yellow) has leveled off after falling below its 200-day average (blue) more than a week ago, indicating that the coin has bottomed out and that buyers are ready to take advantage of its discounted price.This interpretation is supported by the token's support level (green), which has been rising steadily over the past week or so, again indicating that the recent downturn is over that XRP is ready to appreciate again.Encouragingly, recent data suggests that whales have begun accumulating XRP again, meaning that the coin is likely to stop falling and isn't too far from renewed growth.Such purchases would help account for XRP's joy over the past few days, yet the coin's strong fundamentals would indicate that more gains are in store in the near future.Indeed, Ripple has continued to expand it business now that it has its case with the SEC mostly behind it, with the company signing partnerships with the Republic of Palau in recent months and with the Rocky Mountain Institute.This points to a future where XRPLedger and XRP are widely used, something which can only help the latter's price in the longer term.With this in mind, XRP can be expected to return to $0.60 in the next few weeks, before seeing out 2023 at around $0.75 or $0.80.High-Potential Altcoins For High ReturnsXRP may be one of the strongest altcoins in the market, but it isn't the only promising alt, while it's also worth remembering that its gains may be gradual, especially with the market remaining subdued.As such, traders in pursuit of quicker gains may prefer to look at newer altcoins, particularly presale tokens that are expecting to list – and rally – very soon.At the top of the list of such coins is Wall Street Memes (WSM), an ERC-20 meme token that has raised over $25 million since kicking off its sale in the summer.Source: Wall Street MemesWall Street Memes is a product of the meme stocks movement, which was famously responsible for the 2021 GameStop and AMC rallies, shocking the stock market and world of traditional finance.It's because of its links with this movement that Wall Street Memes already has a strong community around it, something which will prove vital if it's to have a long lifespan as a meme token.Indeed, its Twitter page now has 277,000 followers, a number that comfortably exceeds the communities of most new meme tokens.In terms of tokenomics, WSM will have a total maximum supply of 2 billion, with 50% of this going towards its presale and another 30% being reserved for community rewards.These rewards are likely to incentivize greater engagement on the part of its community, which again will help keep the token in the pubic eye and which, in turn, will help its price.But as promising as WSM sounds, investors now have only three days to join the presale, before the token lists on a variety of exchanges.They can do so by going to the official Wall Street Memes website and connecting their software wallets.1 WSM costs $0.0337, yet this is likely to rise steeply once the token is added to exchanges next week.Visit Wall Street Memes NowDisclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.XRP Price Prediction as Daily Trading Volume Rises Above $500 Million – Is a Rebound from Bearish Sentiment in Sight? Pumpkin Spiced Latte drop. Source: Nifty Gateway Sologenic Decentralized ExchangeThe number of activities per user per week on the Socios app has doubled in the last three months, Chiliz chief corporate affairs officer James Newman told Blockworks. Exchange Supply provides a real-time snapshot of the total deposits that investors currently hold in exchange-hosted wallets. Typically, when exchange supply increases during a prolonged bearish price downtrend, it signals that holders have grown dysphoric and are now looking to exit their positions.

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