Wash trading in centralised crypto exchanges:The need for... - cyptoranking.com

2024-05-02

Popular crypto exchanges(2023 Update) 2024-05-02
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According to Dune Analytics, Lazarus currently holds $48 million in pilfered crypto. The majority of it is in Bitcoin, with smaller holdings in Ethereum and Binance’s native BNB asset. “Humans are really simplistic animals,” Yusko replies. “They buy what they wish they would have bought and they sell what they’re about to need.” Wash trading in centralised crypto exchanges:The need for...Zach noted that negligence in this case is very different to stealing the money from one’s own project. “[As far as I know] Sisyphus was the only team member speaking with the [Department of Homeland Security].” The project’s accounts, including its X profile, website and medium account, have since been removed.

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Despite the price drop seen for SHIB, on-chain data portends an interesting indication for its network. AXS is reshaping the GameFi landscape by providing a platform that merges gaming and finance. By rewarding players with AXS tokens for playing the game, Axie Infinity has introduced a new business model that benefits gamers and investors. Bitcoin premium in Nigeria tops 164% amid demonetization“Pudgy Penguins is at the forefront of transforming the toy industry, merging unique digital experiences with blockchain technology, like Ethereum and zkSync,” Netz said. Source: A video screenshot, Youtube/Entrepreneur MEBinance CEO Changpeng Zhao believes decentralized finance (DeFi) can outshine centralized finance (CeFi) during the upcoming bull run. On September 1, the crypto boss hosted a live X Spaces event, during which he expressed his belief that DeFi has the potential to surpass CeFi in terms of trading volumes. “I think the more decentralized the industry becomes, the better,” Zhao said, suggesting that it may not be long before DeFi overtakes CeFi trading volumes, as it currently stands at around 5% to 10% of CeFi volumes. “DeFi is the future; the volume is somewhere between 5% to 10% of CeFi volumes, which is not small right [...] the next bull run may very well make DeFi bigger than CeFi.“The prediction aligns with recent developments in the cryptocurrency market. Following legal actions by the United States Securities and Exchange Commission (SEC) against major centralized exchanges Coinbase and Binance, the trading volume of the top three decentralized exchanges (DEXs) increased by 444% in 48 hours. The current 24-hour trading volume on DEXs stands at $722,776,226.Zhao also commented on the recent dismissal of a class-action lawsuit against decentralized protocol Uniswap. He described it as a positive and logical decision, emphasizing the importance of regulatory clarity. As reported, on August 30, the judge presiding over the case said he 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.Developers Cannot be Held Reliable for Misuse of DeFi ProjectsDuring the X Spaces session, a user mentioned a judge's decision stating that developers cannot be held liable for the misuse of DeFi platforms. Zhao echoed this sentiment, stating that the protection of developers is a positive development for the industry. He emphasized that writing code is a form of free speech and should be protected.“Developers writing code, that code is free speech. So the development is really good,” CZ stated.Recent data indicates a shift in investment patterns, with venture capitalists reallocating funds from CeFi projects to invest in the growing DeFi sector. A March report from CoinGecko highlighted that digital asset investment firms invested $2.7 billion in DeFi projects in 2022, marking a 190% increase compared to 2021.In contrast, investments in CeFi projects decreased by 73% to $4.3 billion during the same period. The report suggests that DeFi is emerging as the new high-growth area in the crypto industry, while CeFi may have reached a saturation point.Meanwhile, Binance has recently told users to convert their Binance USD (BUSD) tokens to other stablecoins before February 2024.The exchange encouraged users to trade or convert their BUSD balances for First Digital USD (FDUSD) — a stablecoin launched in June by the Hong Kong-based trust company First Digital Group which had its debut listing on Binance.It is worth noting that the market cap of BUSD has taken a hard hit following the regulatory clampdown. Since the start of the year, BUSD's market cap has plummeted by over 80%, dropping from $16.13 billion on February 9 to its current value of $3.1 billion.Uniswap Class Action Dismissed in Landmark Ruling for DeFi

— Volcano Energy (@Volcano_Energy) October 3, 2023 Later on, many critics came up with the conclusion that PoW consumes a higher amount of energy. This led to the launch of the Proof-of-Stake (PoS) consensus protocol. Coinbase Derivatives Exchange unveils Bitcoin and Ethereum futuresDISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.Someone Is Inscribing All of WikiLeak's Infamous Afghan War Logs on Bitcoin The Bitcoin tidal wave is coming, Mark Yusko says.

ETH technical analysis The advent of the Bitcoin network has led to the evolution of many other altcoins. Although Bitcoin is the guide for the creation of all other altcoins, each of these coins has its own working process. Cryptocurrency in India: A Legal Perspective and Current ...Based on this, Ethereum remains in a critical position and support. Notably, the coin is moving sideways with low trading volumes. Recent data from crypto analytics firm Arkham reveals that a staggering $77.35 million in assets passed through Tornado Cash contracts on the Ethereum Mainnet in just the last month.

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