Cryptoradar: Compare the Best Cryptocurrency Exchanges - cyptoranking.com

2024-05-13

Popular crypto exchanges(2023 Update) 2024-05-13
Image: cyptoranking.com

Some industries that employ dApps are User-Centric Monetary Policy Cryptoradar: Compare the Best Cryptocurrency ExchangesSource: AdobeStock / REDPIXELDecentralized social network Friend.tech has generated over $1 million in fees within just 24 hours of its release, outperforming well-established players like Uniswap and the Bitcoin (BTC) network.According to data from crypto data aggregator DefiLlama, Friend.tech has generated $1.12 million in fees within a single day, and a total of $2.8 million since its inception. As of now, the platform has accumulated $818,620 in total project revenue, facilitating over 650,000 transactions on the social platform with more than 60,000 distinct traders. The driving force behind this project is believed to be a developer operating under the pseudonym Racer. Racer has previously designed social media networks such as TweetDAO and Stealcam, both of which were based on non-fungible tokens (NFTs). With Friend.tech, Racer aims to attract crypto influencers with substantial fan bases, providing them the opportunity to earn royalties from trading fees. Additionally, the platform is also seeking to strengthen relationships between Web3 projects, venture capitalists, and important figures in the crypto industry.Launched as a beta version on August 11, Friend.tech allows users to tokenize their social networks by purchasing and selling "shares" of their connections. This feature enables individuals who acquire someone else's share to communicate privately with each other. Friend.tech applies a 5% fee on transactions, with the owner profiting from the trade spread. The project is built on Coinbase's layer-2 network Base.Friend.tech's Huge Success Sparks ConcernsThe massive success of Friend.tech has sparked discussions about its revenue model, risks, and future potential. Ignas, a pseudonymous DeFi researcher, has pointed out that the platform's current business model relies solely on trading fees and does not consider the number of shareholders involved. Additionally, he raised concerns that controversial personalities might exploit the system to earn higher fees or even use fear, uncertainty, and doubt (FUD) as a strategy. "So controversial personalities might earn more or even creating FUD will be used as a strategy to earn fees," the user said. Lux Moreau, the founder of Talk.Markets, also emphasized that the increasing prices of shares may lead to the formation of smaller groups or alternative group creations within the platform."As shares get sold, the prices also significantly increase. For example, the 500th member pays around 15.6Ξ, the 250th member pays 3.9Ξ, and the 100th member pays 0.625Ξ," the crypto veteran said in a tweet last week. More worryingly, Twitter user Spot On Chain has noted that Friend.Tech’s API can be used to extract sensitive data from the platform, like showing the wallets created by the users. Soon after the tweet, a core developer for Yearn Finance, published a list of 101,000+ users with their wallet address and Twitter username. Additionally, the developer claims that every user on the platform had (unknowingly) given Friends.Tech permission to post on their behalf on Twitter.DeFi Lender Exactly Protocol Exploited For $12 Million Platform co-founder Charles Wayn told Cointelegraph in a written response that Galxe is working with two security firms to track down the hacked funds. In addition, it has improved its domain name service security settings, changed its domain provider and is conducting security audits. Wayn said:

Exchange Rankings Crypto
Image: cyptoranking.com

If centralized exchanges had integrated NFTs in the past cycle, for example, Warwick suggests a lot fewer people would have lost them. “Right up until FTX collapsed,” he adds. “Then they would have lost a lot of them.” The wedge’s support line also coincides with the $0.00095 horizontal support area, increasing its significance. $18 Trillion Wiped Off Global Markets in 1H 2022Pipelining is the technique of assigning a sequence of input data to various hardware components. This method enables transaction data to be verified faster and duplicated throughout the network’s nodes. Though 2015 didn’t see a lot of activity, still ICOs raised $9 million in total from seven sales, with the largest being Augur which collected $5 million alone.

A wallet paid 1,055 Wrapped Ethereum (WETH) for a CrypToadz non-fungible token (NFT) that was worth 0.950 Ethereum (ETH) two weeks ago. Is it just a mistake or a fraud? It will still be some time before BTC will become deflationary crypto as the network is currently configured to only introduce the last BTC in the next century. The reason for this is that the BTC network employs a process called halving to slow the token’s inflation. This cuts the number of bitcoins that can be minted and introduced to the circulating supply every four years. 5 Unconventional Ways to Make Money on CryptoReputed Platform: Nowadays, BSC is one of the most popular exchanges. Its credibility runs across all of its platforms. — Watcher.Guru (@WatcherGuru) October 2, 2023

Is It Too Late to Buy Tether Gold? XAUT Price Increases 1% as Crypto Casino Project Gathers Pace – How to Buy Cheap? Ilya Volkov, CEO and co-founder of YouHodler, said in a statement he expects to see further integration of DeFi in the coming months and year — particularly self-custodial solutions for traditional finance instruments and payment methods. $1,500,000,000,000 Bitcoin Market Cap Incoming, Predicts Macro Guru Hugh Hendry-Here's HowThe most commonly observed averages for this indicator are the 50-day and 200-day. When the 50-day moving average crosses below the 200-day moving average, it signifies a potential long-term downtrend in the asset’s price. Or, so the thinking goes. During PayPal’s annual general meeting in May 2023, Palestinian-American businessman Sam Bahour proposed to amend this policy. The letter advocates for a new rule to prevent discrimination by the world’s leading digital payments provider toward individuals in conflict zones, which gained support from 12 United States congressmen.

Have an opinion on this story? Share it!