South Africa is ranked among the top crypto countries ... - cyptoranking.com

2024-04-30

Popular crypto exchanges(2023 Update) 2024-04-30
Image: cyptoranking.com

Digital fashion shown via Fabrix AR kiosks. Image: Fabrix Source: MoonPayCrypto payments infrastructure firm MoonPay has unveiled a new feature in its app that enables users to swap one cryptocurrency for another. "Introducing Swaps! Unlock the value from the assets you already own by swapping over 1,500 trading pairs," the company said in a recent post on X (formerly Twitter).The new feature expands the functionality of MoonPay's retail-facing crypto app, which was launched in May and initially allowed users to purchase cryptocurrencies and manage multiple wallets within the app.MoonPay claimed that the swapping feature has been optimized to enhance efficiency.Instead of relying on smart contracts, which can be costly due to their complex operations, MoonPay executes the swaps through two sends: one for receiving the deposit and another for sending the quoted amount. This approach reduces the gas required for the swap, making the process more streamlined and cost-effective, as explained by Ivan Soto-Wright, co-founder and CEO of MoonPay.With a claimed customer base of 16 million users worldwide, MoonPay has been expanding its business beyond its core payments infrastructure model. Alongside the app and non-fungible tokens (NFTs), MoonPay launched a venture capital unit in August, aimed at investing in early-stage web3 and fintech startups. Additionally, MoonPay made its first acquisition earlier this year, acquiring the web3 creative agency Nightshift to assist brands in offering web3 features.MoonPay Gathered Attention After Raising $555 MillionThe company garnered significant attention and investor support in late 2021 when it raised $555 million in a Series A funding round led by Tiger Global Management and Coatue, resulting in a valuation of $3.4 billion. Reportedly, as part of this funding round, Soto-Wright and other MoonPay executives cashed out $150 million by selling their shares. Shortly after the funding announcement, Soto-Wright acquired a $38 million mansion in Miami.However, MoonPay has faced legal challenges in the past. In December 2022, the company was hit with a class action lawsuit alleging its involvement in a conspiracy with Bored Ape NFTs creator Yuga Labs and several celebrities to artificially inflate the value of NFTs. Additionally, in June 2023, it was claimed that MoonPay gifted valuable Bored Apes NFTs to celebrities as a promotional strategy. MoonPay denied the allegations of providing celebrities with free Bored Apes but did not provide further details.MoonPay's new addition comes as payment giants continue to expand their suite of crypto products and services. Back in August, PayPal announced that it is rolling out its PYUSD stablecoin soon. The dollar-pegged asset is issued by Paxos, a blockchain infrastructure firm that used to issue Binance USD (BUSD) stablecoin.Last month, Coinbase also received regulatory approval to offer perpetual futures trading services to retail customers outside the United States. Hamas Received $41 Million in Crypto in Lead Up to Attack on Israel South Africa is ranked among the top crypto countries ...Firstly, criminals are increasingly gravitating towards cryptos other than Bitcoin. Particularly cryptos that offer features like anonymity and stability. Stablecoins pegged to government-backed currencies were noted as an increasingly popular choice because of this reason. As you can see in the structure of the DOTCOM cycle, the first 3 4-year cycles are very similar, a long bull market followed by a short but sometimes shallow bear market or correction. It's only that the last 4-year cycle is different, the tables are flipped upside down. It starts with an acceleration in the price which doesn’t last that long and is followed by a multi-year long bear market. Could Bitcoin do something similar, disappointing the ones who expect a regular 4-year cycle and surprise the majority with a multi-year-long bear market?

Exchange Rankings Crypto
Image: cyptoranking.com

— Sunil (FTX Creditor Champion) (@sunil_trades) October 8, 2023 Let's jump in. 👇 1/many pic.twitter.com/aS9e4OvAuJ Bitcoin WalletThe event was the first major international showcase for the coin. The HOT price is approaching the point of convergence between the support and resistance trendlines. So, a decisive movement outside of the pattern is expected soon.

Ledger hardware wallet. Source: Mingis / AdobeIn a dramatic turn of events during the collapse of crypto exchange FTX last November, a heroic act by an adviser played a pivotal role in preventing what could have been one of the largest crypto heists in history.According to a Wired report from Monday, Kumanan Ramanathan, an adviser to FTX from consulting firm Alvarez & Marsall, demonstrated quick thinking and courage, saving millions of dollars in cryptocurrency assets.Once a major exchange valued at $32 billion, FTX had recently declared bankruptcy due to financial troubles when an unidentified group of thieves targeted the exchange’s wallets just as new management took the helm.This theft could be seen by everyone on Ethereum blockchain explorer Etherscan as it happened.Amid the chaos, a Google Meet call was convened, bringing together FTX's remaining team members, bankruptcy lawyers, advisers, and consultants, but a major hurdle to sort out the situation was that only a handful of FTX's top executives has knowledge about how and where the exchange’s digital assets were stored.As a stopgap measure to protect the remaining funds, the participants in the call inquired if anyone had a hardware wallet.Kumanan Ramanathan, who had his Ledger Nano hardware wallet on him, volunteered for the task and set up a new wallet to secure the assets, a move that turned out to be pivotal for the exchange.Once Ramanathan had secured the assets on his own hardware wallet, FTX reached out to its crypto custodian BitGo to establish a more professional structure with secure cold storage for the remaining assets.While BitGo prepared these wallets, FTX staff members moved the remaining funds, effectively halting further theft.By the end of the night, Ramanathan was safeguarding between $400 and $500 million worth of crypto on his Ledger, the Wired report said, noting that the consultant’s actions played an indispensable role in preserving remaining assets for the bankruptcy estate.FTX ultimately suffered losses between $415 million and $432 million in crypto during the hack.Cyprus to Impose Strict Penalties on Unlicensed Crypto Service Providers – Report The rewards may come in two forms: NFTs or tokens. Where to Buy ApeCoin 2023-Safe Exchanges With the Lowest FeesScammer Insists on Investment Winnings Tezos (XTZ) gained 6.09% in the past 24 hours to top the gainers’ chart on CoinMarketCap. The blockchain network’s token traded at $0.7029 at the time of writing, with a market cap of $671.7 million. Tezos is a smart contract-based blockchain protocol in the vein of Ethereum, with the additional aim of offering a more advanced infrastructure. The native token of the Tezos blockchain is XTZ.

Emmett Shear, co-founder and former CEO of video game streaming platform Twitch, has joined Proof of Play’s board alongside the raise. Other participants in the $33 million seed round include AngelList co-founder and former CEO Naval Ravikant and entrepreneur and former Coinbase CTO Balaji Srinivasian, according to the announcement. Per the Hangzhou Daily, state-run banks in the Hangzhou Asian Games Village “welcomed delegations [athletes and coaches]” from across Asia at special digital yuan “demonstration” booths. The 7 Best Sites for Tracking Crypto CoinsSome of the advantages of ICOs are VanEck Prepares to Launch Ethereum Strategy ETF in CBOE

Have an opinion on this story? Share it!