Crypto exchanges, markets & orderbooks explained - cyptoranking.com

2024-04-29

Popular crypto exchanges(2023 Update) 2024-04-29
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Photo by Tingey Injury Law Firm on UnsplashLegal proceedings against Uniswap, a leading decentralized exchange protocol, took a turn today when a class action lawsuit filed against it was dismissed. Mike Wawszczak, a legal analyst, revealed that the judge presiding over the case — initially lodged by the US Securities and Exchange Commission (SEC) against Coinbase — found no grounds to proceed with the lawsuit against Uniswap. The verdict arrived after an extended legal process leading back to April 2021 that scrutinized the specifics of Uniswap's operations and their alignment with financial regulations.The Uniswap Class Action: Theories and DismissalThe plaintiffs' case against Uniswap was built on two main theories: the transfer of title theory and the solicitation theory.In the transfer of title theory, the plaintiffs argued that Uniswap, by writing and maintaining the smart contracts that enabled token transactions, effectively transferred the title of the tokens to them. The court dismissed this argument, stating that Uniswap's responsibilities in drafting the platform's contracts did not imply it had the title to the assets traded on the platform.The solicitation theory centered on the accusation that Uniswap had directly promoted and solicited tokens to the plaintiffs in order to increase the value of their UNI governance tokens. The court considered this theory implausible, stressing that the plaintiffs failed to provide substantial evidence to prove that Uniswap had actively solicited the purchase of a security for their financial profit.Unlike traditional legal cases that focus on particular individuals or companies, Uniswap operates as a collective entity spread across a global network of users and contributors. This unique structure adds to the challenges faced by the plaintiffs amidst the vague regulatory environment surrounding cryptocurrencies.Unveiling the Uniswap Class Action BackgroundAt the core of the Uniswap class action lawsuit was the allegation that the protocol conducted securities sales disguised as digital tokens. The plaintiffs claimed that this action violated securities laws, casting doubts on the regulatory status of the tokens distributed by the platform.Among the plaintiffs was Nessa Risley from North Carolina. She claimed to have incurred a loss of $10,400 in investments across EthereumMax, Matrix Samurai, and Rocket Bunny crypto assets. Her claims suggest that Uniswap may have failed to adequately analyze users and projects on its platform, potentially exposing investors to fraudulent activities.The allegations against Uniswap also included facilitating deceptive "rug pulls" and pump-and-dump schemes. Legal Precedent for Decentralized EntitiesThe dismissal of the Uniswap class action lawsuit might set a legal precedent for other decentralized entities facing similar allegations. The court's decision underscores the complexity of applying traditional legal frameworks to decentralized organizations like Uniswap. This could empower other decentralized finance (DeFi) projects to leverage their distributed nature as a defense against allegations of regulatory non-compliance or illegal activities.The dismissal also highlights the challenges that regulators face in overseeing the rapidly evolving cryptocurrency industry, particularly in the DeFi space. Traditional regulations may not always apply seamlessly to these new, decentralized models. The case could therefore serve as a catalyst for regulatory bodies to reassess and update their strategies, leading to the development of more tailored and effective regulatory frameworks for the cryptocurrency sector.The outcome of the Uniswap class action lawsuit might also impact investor confidence. While some investors may see the dismissal as a positive sign of the resilience of DeFi platforms, others might perceive it as an indication of the risks associated with investing in a relatively unregulated marketplace. Velodrome to Introduce Aerodrome DEX on Coinbase's Base Network Daily chart ADA/USDT (Source: TradingView) Crypto exchanges, markets & orderbooks explainedConfidential transfers will use zero-knowledge (ZK) proofs to encrypt the balances and transaction amounts of SPL tokens. Jack Dorsey-Backed Nostr Platform Collaborates with Zebedee to Create New Social Media Later – How Does it Work?

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Five days ago, Coin Edition reported a fraudster scammed four Friend.tech users via a SIM-swapping security breach. Ultra (UOS): A Rising Star in the GameFi Space Immediate Connect Review 2023-Legit or Scam Trading Software?As seen below, 52,9200 addresses purchased 19.37 trillion SHIB at a maximum price of $0.000007. Considering this is the last major support cluster, they will likely make frantic efforts to HODL. Bitcoin Network Difficulty Peaks at 57.32 Trillion

With the decrease in the number of new users on the platform, new issuance also slowed down. This rate has decreased by 63% since September 13th. Moreover, the daily transaction volume across the protocol also declined on the same day and has since decreased by 10%. Similarly, the daily transaction count on Friend. tech has also dropped by 48% since September 18th.Manifold Finance rolls out an MEV auction protocol, names Frax founder and 0xMaki as advisors Read all of CoinDesk's coverage here.Galxe replacing 110% of funds users lost in recent front-end hack, over $400K Caged Beasts Coin Referral Scheme vs Staking Solana and PolygonWarwick recounts giving his own mother some wrapped bitcoin (wBTC). But after setting up a MetaMask wallet for her, he decided, “You know what? Honestly, just put it on Binance. It’ll be easier.” Fee: Where specifically can decentralized technologies fit into the evolving use of AI in society?

NFT Volume At Record Lows In what is seen as an attempt to assuage skeptics, Mangudya said the RBZ has enlisted the services of external auditors to “validate the availability and adequacy of gold to ZIG at any given time.” However, the central bank’s statement does not reveal the names of the auditors.BAPE Bets on Virtual Pet Nostalgia With Tamagotchi Streetwear Collab Bitcoin ATM in Mexico, MO 65265Encryption transformation Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together.Press Release: 1xBit Casino celebrates the festive season with The Xmas Toy Adventure, with great Bitcoin prizes & many chances to get lucky over Christmas.December 20 2022, Limassol, Cyprus — The holiday season is finally here, and it’s the most beautiful time of the year. It’s time to show your loved ones how much you care for them and what they mean to you. But Christmas is also about festive meals, giving and receiving presents, and spending time doing what you love the most.That’s why 1xBit has prepared something extraordinary to bring joy to players from all over the world. It’s a magical tournament of celebrations, kindness, love, and hope. Everyone is invited to The Xmas Toys’ Adventure.What Is The Xmas Toys’ Adventure?The Xmas Toys’ Adventure is a joyous slot tournament organized by 1xBit for this holiday season. Players are invited to take a look at the colorful presents cleverly placed under the Christmas tree and take one for themselves.It’s a splendid occasion to share gifts with the valuable community, and 1xBit is waiting for you. How to Take Part in the Xmas Toys’ Adventure? Grab a cup of hot chocolate and get cozy because Santa's sled has arrived bearing gifts. Log in to your 1xBit account or create a new one if this is your first time playing at this casino. You came at the right time.The rules for the Xmas Toys’ Adventure are easy to remember. Play slot games from any of the dozens of providers available on 1xBit and collect points. It doesn’t get easier than that. 1xBit has partnered with the best game creators in the industry to ensure a high standard and security of all hosted slots. The promotional period begins on 20 December 2022 and ends on 12 January 2023. PrizesThe prize fund amounts to 600 mBTC. Since this is a happy and special occasion, there will be many winners! 1xBit will reward 25 top-ranked players with Bitcoin as follows:1st place – 130 mBTC2nd place – 80 mBTC3rd place – 65 mBTC4th place – 50 mBTC5th place – 40 mBTC6th place – 25 mBTC7-10th place – 20 mBTC11-12th place – 15 mBTC13-19th place – 10 mBTC20-25th place – 5 mBTC What Is the Difference Between 1xBit And Other Crypto Casinos?1xBit is the best option for casino and sportsbook enthusiasts online. The site offers thousands of sports events, slots, live dealer and table games, online poker, and more every day. The registration process is anonymous and requires only an email address and a password to create an account. All deposits and withdrawals are processed instantly and free of charge. 1xBit has no hidden fees! There are a multitude of wagering options and support for +40 cryptocurrencies. Fans of casino games can enjoy regular slot tournaments with cash prizes featuring top gaming providers. A big Welcome Bonus of up to 7 BTC is available to all new players who sign up. The offer is available for the first four deposits to 1xBit.The year is coming to an end, and it’s time to collect some prizes with the Xmas Toys’ Adventure! 1xBit SocialsBlog | Twitter | Telegram | Instagram | YouTube Media Contact DetailsContact Name: Anastasia SemenovaContact Email: [email protected] 1xBit is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to investStaying SAFU: 5 rules for strong passwords

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