Hacked Tokyo cryptocurrency exchange to repay owners $425 million - cyptoranking.com

2024-05-09

Popular crypto exchanges(2023 Update) 2024-05-09
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The firm’s platform has already incorporated USD via Circle and Tether and has plans to integrate Stablecorp (CAD), Circle (EUR), Poundtoken (GBP), GMO-Z (JPY) and StraitsX (SGD). Additional integrations are in progress, according to the firm. With bearish sentiment climaxing, a possible turnaround seems likely according to experts from market intelligence platform, Santiment. Hacked Tokyo cryptocurrency exchange to repay owners $425 millionJones’ voice joins a chorus of Bitcoin bulls, who see beyond the immediate tumult, envisioning it in the face of earthly conflicts.Lightning Network Growth Is a ‘Shock‘, Says Bitcoin Analyst In the world of iGaming, where financial stakes are high, this is a game-changer. Deposits and withdrawals are not only swift but also immune to the control of traditional banking institutions. This level of security is particularly appealing to players who wish to maintain pristine bank statements.

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Where's all the caution coming from? A standout feature of the new protocol is its integration of mevETH, a novel liquid staking token (LST) launched last month. Manifold Finance serves as the infrastructure partner for mevETH. Which crypto to invest in 2023?Source: ShutterstockBinance Labs, the venture arm of Binance, injected $10 million into Helio Protocol on August 11th. This investment supports Helio Protocol's ongoing shift towards becoming a liquid staking platform. The substantial funding from Binance Labs highlights Helio Protocol's promising potential and underscores the rising importance of liquid staking within decentralized finance (DeFi).A spokesperson from Binance Labs elaborated on their enthusiastic perspective concerning liquid staking. They highlighted the notable surge in total value locked (TVL) within "LSDfi protocols," emphasizing the rapid growth potential of these protocols. These protocols introduce additional use cases for liquid staking tokens, which could significantly accelerate the expansion of liquid staking. This expansion can propel staking participation, ultimately leading to unprecedented capital efficiency.However, according to Binance Half-Year Report published in July, it noted that Liquid staking, although it has emerged as the largest DeFi category in terms of TVL, there are things to be wary of, including smart contract vulnerabilities, slashing risks and price fluctuations.Binance's report in July revealed that liquid staking overtook DEXs in TVL supremacy by April 2023. Initially, market concentration focused on key protocols, but Binance predicted diversification as more projects entered this sphere soon.Though liquid staking is gaining popularity, users must remain cautious. "When engaging in liquid staking, users interact with additional smart contract layers, which exposes them to potential bugs. Thorough research by users is crucial."Futhermore, Binance warned that fluctuations in market prices might cause mismatches between the Liquid Staking Token (LST) and underlying tokens, often due to smart contract complications.The Liquid Staking Revolution: Helio's Strategic Pivot towards DeFi TransformationLiquid staking stands as the DeFi sector's imminent game-changer. It is a decentralized finance subset, allowing users to earn yield while retaining token liquidity. It involves staking tokens to gain different representative tokens – liquid staking tokens (LSTs) – which find use within DeFi.The biggest staking platform on Ethereum is Lido Finance. It offers users Staked Ethereum (stETH) when they deposit their ETH with the protocol.Binance Labs expressed optimism about liquid staking, also known as liquid staking derivative finance or "LSDfi protocols." A Binance Labs spokesperson said via email, "LSDfi protocols have created new opportunities for yield-seeking LST holders. They have gained significant Total Value Locked (TVL) growth recently. By expanding the use cases for liquid staking tokens, LSDfi could accelerate liquid staking growth by encouraging more staking for higher capital efficiency."Helio Protocol ranks thirteenth in DeFi on the BNB Chain, boasting 11,000 HAY holders and $300 million in TVL. Backed by Binance Labs and focusing on liquid staking innovation, Helio aims for a significant DeFi presence. The Binance Labs spokesperson stated, "Helio aims to launch on Ethereum, followed by major L2 networks such as Arbitrum and Zksync."Helio Protocol's recent actions in this realm have been truly transformative. Following its merger with Synclub, Helio revamped its BNB deposits. These deposits now seamlessly convert into a variety of LSTs like AnkrBNB (ANKR), snBNB (Synclub), BNBx (Stader), and stkBNB (Pstake). This innovation enables users to withdraw any LST of their choice, thereby enhancing liquidity and the usability of their staked assets.Coinbase's Blockchain Gambit: A Solution to Six Consecutive Quarters of Losses? BitVM for Bitcoin Smart Contracts

South Korean gaming conglomerate NHN Corporation ventures into the Web3 space in a partnership with Mysten Labs Layer 1 blockchain, Sui. Aside from opening up new avenues for cleaning dirty funds, swapping of chains creates headaches for investigators, says BLIN’s Data. Sphere 3D Corp. Provides Bitcoin Production and Mining ...Furthermore, Shin questioned whether the jury could understand it well, to which Klein responded, “The jury’s going to remember $65 billion.” Klein claimed that the jury might not remember the details, but they would remember the amount of money. Enzer agreed and added that the jury would remember that Wang started his testimony by admitting to the crimes. “This is critically important because [layer-1s] have the highest security and decentralization properties,” Floersch told Blockworks. “It also allows users to opt out of upgrades to the [layer-2].”

This level has historically attracted some purchasing activity and may serve as a solid support zone for the CITY token. However, if pessimistic sentiment continues to rule the market, additional downward action towards the $2.50 level is possible. Besides the direct sell-offs from the Ethereum Foundation, leaders within the community, including co-founder Vitalik Buterin, are also known to liquidate enormous amounts of Ethereum for undisclosed reasons. Is there a monthly fee for Coinbase Pro?DOGE experienced price surges, reduced volatility. The community also planned an upcoming meme dog statue. "BTC enjoys the 'commodity' asset category while ETH remains unclear. This crypto sector regulatory issue has a much higher impact on ETH," Magadini noted.

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