What Is a CEX? Centralized Exchanges Explained - cyptoranking.com

2024-05-10

Popular crypto exchanges(2023 Update) 2024-05-10
Image: cyptoranking.com

Source: amazing studio/AdobeChinese officials say uptake for the digital yuan is rising among overseas visitors – while more citizens are receiving their salaries in CBDC wallets.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 overseas “delegations” were shown how to use the digital yuan to “make purchases” at various stores in and around the Asian Games Village.Athletes and others were able to “experience the safety and convenience” of the coin “first-hand” at the games, which concluded on October 8.The event was the first major international showcase for the coin.And China marked the event by releasing a slew of new CBDC features aimed at foreign visitors.These include an English-language version of the central bank’s digital yuan app and a link to Hong Kong’s FPS payment platform.An excerpt from the Chinese central bank’s CBDC usage guide for foreign travelers. (Source: PBoC/Yicai/Screenshot)State-run banks, meanwhile, have begun promoting the coin to international students at Chinese universities.Per Xinhua (via the China Economic Daily), visitors to China can now “register and open a digital yuan wallet with an overseas mobile phone number.”They can also top up their wallets with overseas Visa and MasterCard bank cards.And non-Chinese residents can also use QR codes from Alipay and UnionPay to make payments in Mainland China “through some overseas wallets.”An Industrial and Commercial Bank of China spokesperson said:“Previously, foreigners coming to China could only ‘pay-as-they-go’ when using digital yuan wallets. But new functions let them ‘top up first, and use later.’ This will make the payment process shorter and make for simpler and more friction-free transactions.”But it appears that the CBDC is not the only Chinese payment system to have benefited from the games.The same media outlet quoted Alipay data as showing that “since the start of the Asian Games, the average number of daily payments made by inbound tourists on Alipay increased by 69%.”Dong Ximiao, the Chief Researcher at the China Merchants Union, stated:“Convenient and novel forms of cross-border payment can optimize the payment experience for overseas tourists coming to China. This will further drive the Chinese retail market.”A Weibo user shares a promotional image explaining how JD.com users can receive CBDC-related discounts. (Source: (年少轻狂最情深661/Weibo)Overseas Visitors’ Digital Yuan ‘Uptake Rising’ – and More Chinese Now Paid in CBDCMeanwhile, more Chinese state-operated firms are now paying their staff in digital yuan tokens.Last month, the state-run bureau that runs financial operations at the Zhongkai High-tech Industrial Development Zone in Huizhou, Guangdong Province, said it would begin paying its staff using the CBDC.And the Huizhou Daily reported that the bureau has now successfully carried out its plan.The media outlet reported that the bureau “paid digital yuan wages to 1,211 [Community Party-appointed officials] and employees in 25 district-level agencies and public institutions.”The move marks the first time workers in the province have received the entirety of their salaries in CBDC tokens.City officials claimed that 649,000 personal digital yuan wallets have been opened in Huizhou thus far.Some 55,000 corporate wallets have also been opened in the city.Earlier this year, the city of Changshu, in Jiangsu Province, said that “all public officials and employees of state-owned enterprises” would be paid in digital yuan starting in May 2023.Biggest Crypto Gainers Today on DEXTools – VS, OPOE, QLINDO Years 2019 and 2020 were busy times for Terraform Labs — publishing the Terra Money white paper, announcing a South Korean exchange’s launch of a staking derivatives product for LUNA, and releasing DeFi protocol Anchor. However, what the company and the cryptocurrency community deemed two of the most significant events for the project was the launch of both LUNA and UST. What Is a CEX? Centralized Exchanges ExplainedThe full roadmap for QuarkID, set to be released by year-end, aims to extend the service to over 2.5 million users by expanding the list of available credentials, per the statement. Kunal Goel, senior research analyst for Messari, wrote that the surge was spawned by the explosive launch of Base—which briefly overtook the number of transactions happening on Ethereum's mainnet–along with the unexpected popularity of the Friend.tech social token platform.

Exchange Rankings Crypto
Image: cyptoranking.com

Despite an on-again-off-again de facto ban imposed by Beijing, individuals in China continue to deal with cryptocurrencies. On the second day of the trial, the Department of Justice and SBF’s defense team provided their statements in front of the jury. While the DOJ continues to focus its arguments on SBF’s alleged role in misleading investors on the platform, the defense argued about Bankman-Fried being a young entrepreneur who made business decisions that “didn’t work out.”Read more to stay updated on the latest developments around the SBF–FTX court trials.Magazine: The Truth Behind Cuba’s Bitcoin Revolution: An on-the-ground report 10 Best Crypto Exchanges & Platforms Of May 2023A closer look at the on-chain data reveals that ETH exchange net flows had hit a 5-month peak just days before the Ethereum foundation moved 1,700 ETH into Kraken. The six ether futures ETFs launched by ProShares, VanEck and Bitwise on Monday held less than $20 million in combined assets after four days of trading.

Overall, the future of GameFi and crypto gaming looks promising, given that GameFi platforms like Yellow Duckies (DUCKIES), Illuvium (ILV), Axie Infinity (AXS), Ultra (UOS), and Aavegotchi (GHST) are leading the way. "I think that there is valuable stuff for the government to do, I think both in terms of protecting American citizens from harm and preserving I think what is a natural competitive advantage for the United States compared to other countries," he said. Which coin is best to invest now?Developers can utilize the mighty system of the device to make mobile games with better graphics and more comprehensive gameplay. Web3 games on PC will also be easier to port over as features and graphics wont have to be excised for better performance on mobile platforms. RPL’s volatility remained low, indicating the viability of major price fluctuations.

NiceHash Review 2023 “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. Crude palm oil futures set to exceed 12m this yearWhen it comes to Validium, it combines the validity proofs with off-chain data storage to enhance scalability. Validium ensures that the validity proofs are published on the base chain and the data is stored off-chain. On October 10, Dotinsights released its Q3 ecosystem progress report.

Have an opinion on this story? Share it!