Is OKX a good crypto exchange? - cyptoranking.com

2024-05-06

Popular crypto exchanges(2023 Update) 2024-05-06
Image: cyptoranking.com

Any airdrops this week? Find out more: Best Upcoming Airdrops in 2023 Coinbase CEO Condemns Chase UK's Prohibition of Crypto Transactions; Chainlink (LINK) and VC Spectra (SPCT) Experience Upward Movement Is OKX a good crypto exchange?Ethereum (ETH), the second-largest cryptocurrency by market cap, has been at the forefront of the crypto bull run, amassing significant gains in the past year. Friend.tech Adds 2FA Password for Users Amidst Ongoing SIM-Swap Attacks

Exchange Rankings Crypto
Image: cyptoranking.com

One of the barometers the cryptocurrency world’s rising legitimacy is the influx of applications for spot Bitcoin (BTC) and Ethereum (ETH) exchange traded funds (ETFs). Turpin suggests that such movements could be viewed as third-party endorsements of the digital currency sector. Similar to Friend.tech, Stars Arena allows users to buy “shares,” tokenized assets issued by content creators. The issuers can grant token owners access to exclusive content or other perks. Avalanche has seen a surge of activity since Stars Arena was launched, with the network’s daily transaction count increasing by over 186% from Oct. 3 to 4.On Oct. 5, Lilitch.eth declared on X that “1.1 million dollars are being drained right now because of noob devs who couldn’t make a copy of Friend.tech that will work properly. If you hold ANY SHARES in StarsArena you should sell while you still can.” In the post, they showed a screenshot of a smart contract that contained approximately 107,329 AVAX (AVAX), worth over $1 million at the time.@starsarenacom, you fucked up1.1 million dollars are being drained right now because of noob devs who couldn't make a copy of https://t.co/h7traLwG9i that will work properlyIf you hold ANY SHARES in StarsArena you should sell while you still canread next⬇️ pic.twitter.com/HzgXvJc8ju— lilitch.eth (@0xlilitch) October 5, 2023 How to Buy Ethereum (ETH)Regulatory challenges BABYDOGE introduced an AI Image Generator and proposed a significant token burn. Some BABYDOGE holders faced impacts from the CoinEx hack.

BTC Price Prediction: Will Deviation Lead to Retest of Range Low? 🚨 30,300,000 #XRP (15,214,882 USD) transferred from unknown wallet to #Bitstamphttps://t.co/TgqGDcIt2y U.S. sues cryptocurrency exchanges for securities violationsLedger 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 According to his observations from monthly charts, Cowen’s analysis primarily orbits around the ETH / Bitcoin valuation, which has trended downwards.

In recent times, the financial sector has witnessed movement as premier institutions like BlackRock and Fidelity have initiated efforts to incorporate and broaden their cryptocurrency services. This development provides insight into the growing convergence of the crypto universe with the traditional financial sector. Cloudbreak Buy Ethereum (ETH) with Credit Card or Debit Card InstantlyIf you would like to learn more about how mining works, check out our article explaining Proof-of-Work consensus.Iris Energy Acquires 7,000 Bitmain S21 Miners To Increase Self-Mining Capacity SubQuery Offers Comprehensive Indexing Solutions for zkSync Era

Have an opinion on this story? Share it!