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2024-05-01

Popular crypto exchanges(2023 Update) 2024-05-01
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Bit Digital Faces Production Decline Due to Maintenance Outage White said the DAO has struggled to ingratiate itself into the university milieu as blockchain technology struggles to rehab its image in the wake of the FTX collapse. But White feels like the niche field of longevity research shares an ethos with crypto. Best Crypto Exchange Canada 2022-5 Lowest Fee...Founded in 2012, Improbable raised $704 million in seven rounds. Read More: How To Make Money in a Bear Market

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Source: PixabayBitcoin Ordinals marketplace Ordswap has lost control of its official domain, resulting in temporarily shutting down operations. On October 9, the Ordswap team notified users, acknowledging that they had lost control of their official domain.The team conveyed this message through a post on the X platform (formerly Twitter), cautioning users with the statement, "Do not connect to Ordswap domain. We are not currently in control of the domain."The marketplace is yet to release a comprehensive incident report stating the cause and scale of the incident. However, it has been speculated that the issue could be from a web hosting firm Netlify. Users from the marketplace's discord server complained about a compromised authorization button on the Ordswap website that was placed there in an attempt to perpetrate a phishing attack.A user on X called the button a "wallet drainer" – a tool favored by crypto hackers that tricks victims into signing a malicious transaction.Ordswap Devises Plans to Retrieve Users KeysIn a recent update, Ordswap has introduced a solution to aid users in recovering their private keys while actively working to regain control of its website domain.On October 10, the platform took to Twitter to announce an online tool designed to assist users who had used MetaMask to access the platform while reclaiming their Ordswap private keys.This tool empowers users to securely transfer their assets to alternative service providers. Ordswap was launched in 2023 as a trustless marketplace to trade Bitcoin Ordinals.The recent incident underscores the increasing sophistication of phishing attacks in recent years. A notable similarity can be drawn to September 20, 2023, when Balancer, an Ethereum-based automated market maker, fell victim to a similar attack, resulting in the theft of approximately $240,000 in assets.Balancer suspected the attackers had executed a social engineering attack on its DNS service provider, EuroDNS. This enabled the attackers to introduce a deceptive prompt, duping users into authorizing a malicious contract that drained funds from their wallets.However, a few hours later, the automated market maker announced that they had successfully resolved the issue, and the domain was back under their control.Google Cloud Is A Validator on Polygon’s PoS Network Prosecutors have already probed Wang about around $200-300 million of loans he received from Alameda, which he used to make venture investments and buy himself a house in the Bahamas. Next Cryptocurrency to Explode in 2023We now have ether futures ETFs. So it's progress, no doubt. Having ether futures ETFs is better than not having ether futures ETFs, in my view. You've got people wanting to understand 'okay, how does this ether futures market work? How long has it been going? How liquid is it?' All the basic things, and that could only be a good thing, as more of the financial investment community learns about the crypto ecosystem. How Does Consensus Algorithm Work in Blockchain Network?

The much-anticipated altcoin season may not happen again as 2023 nears its end. This was the opinion of pseudonymous trader Altstreet Bets. According to him, many altcoins may lose as much as 20% to 30% of their current value before the year runs to a close. Others noted that BITO launched during a bull market and offers exposure to an asset with a market capitalization more than double that of ETH. Bitcoin Price Prediction 2022: Will It Recover?To ensure the stability of the FRAX stablecoin, the documentation highlights that its peg to the USD will be activated once it achieves a 100% collateralization ratio. This pegging mechanism will rely on a combination of Chainlink oracles and a reference rate approved by the governance structure, reaffirming FRAX’s commitment to maintaining its value in line with the U.S. dollar. CryptoNight uses the CryptoNote consensus protocol to strengthen privacy so that nobody can tell which participant in the transaction is paying and who is receiving the money.

Weiss Crypto, a division of Weiss Ratings agency, announced on its X page that last week Solana surpassed other major altcoins in terms of funds inflows from institutional investors. This news comes despite the price of Bitcoin, as measured in U.S. dollars, still being down by over 50% from its all-time high of around $69,000.Dollar-cost-averaging (DCA for short) is a strategy that consists of making regular purchases of an asset for a fixed dollar amount. The idea is that by spreading buy orders out over time, volatility can be mitigated. Some buys will execute at lower prices while others will be executed at higher prices. This method can be particularly appealing for an asset like Bitcoin, which has been known for its legendary volatility. And yet, many financial pundits in the space still cling to the notion of Bitcoin’s (BTC) entire existence and market cap of nearly $600 billion being based on a Ponzi scheme of some sort. Others continue to deny that saving in the hardest form of money ever known has, so far, been an excellent investment thesis — one that has outperformed all others.Yes, there may be risks. And yes, volatility definitely comes with the territory. But looking at such factors in a vacuum does not make for adequate analysis of any investment. The alternative strategies available must be taken into consideration, along with other variables such as:What is the current macro environment, and how might it change going forward? What impact might this have on different asset classes and their performance?What risk/reward ratio does one strategy offer in comparison to others?Can diversification lead to an optimized risk/return profile, or does YOLO’ing all-in provide better returns?These are just a few potential questions that could be worth investigating when it comes to arguments against dollar-cost averaging (DCAing) into BTC for the long term.Bitcoin outperforms traditional investmentsSome investors, like those at Adamant Research, have been pointing out the reality of Bitcoin’s most favorable risk/reward ratio for many years:“We assert that the long term risk reward ratio for Bitcoin is currently the most favorable of any liquid investment in the world. We expect for it to trade in a range of $3,000 to $6,500 after which we foresee the emergence of a new bull market.”The group made similar statements during the bear markets of 2015 and 2011 as well.Many traditional investments, like gold, real estate, or a portfolio consisting of 60% equities and 40% bonds, have significantly underperformed compared to DCA'ing into Bitcoin.The following chart illustrates the relative performance of several currencies and asset classes against BTC quite well:#Bitcoin - for the money you can't afford to lose.pic.twitter.com/j9iQ7iJVc7— Michael Saylor⚡️ (@saylor) July 7, 2023 Philippine SEC warns against unlicensed crypto exchanges amid FTX collapseVolcano Energy is tapping into Luxor’s experience in providing Bitcoin mining software and services. The project will also use Luxor’s Hashrate Forward Marketplace to mitigate market volatility through automated risk management strategies used by other major Bitcoin mining operators. At the moment, Bitcoin and Ethereum use proof-of-work (PoW), a consensus system that enables the nodes of the respective networks to concur on the status of all data stored on their blockchains to guard against economic assaults on the networks

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