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2024-05-10

Popular crypto exchanges(2023 Update) 2024-05-10
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Overkill After weeks of declining prices, Shiba Inu holders are now bracing for major sell-action. Investors moved 1 trillion SHIB tokens into crypto exchanges this week, according to on-chain data compiled by CryptoQuant. Cryptocurrency exchangeGeneral Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.Top 5 NFT Collections to Look Out for in 2023 Teneo Reports Zhu Su To Police

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The indicator is above 50 (green icon) and moving upwards, both signs of a bullish trend. Additionally, the breakout was preceded by a bullish divergence (green line). Binance-spearheaded Industry Recovery Initiative (IRI), a co-investment project aiming to support the cryptocurrency industry in the aftermath of the FTX collapse, may not have been as effective as desired, a new report suggests.After announcing the IRI in November 2022, Binance spent $15 million in its Binance USD (BUSD) stablecoins out of its total commitments of $1 billion in BUSD, Bloomberg reported on Oct. 10. Binance subsequently moved the remaining $985 million of the pledged BUSD back to its corporate treasury, planning to use it for investments. In March, Binance converted these funds from BUSD to cryptocurrencies like Bitcoin (BTC), citing growing regulatory concerns around stablecoins.Apart from Binance, the IRI had collected an additional $100 million in contributions from 18 organizations by the end of February 2023, including Animoca Brands, Aptos Labs, Jump Crypto, Polygon Ventures and others.Three months after launch, the IRI funded 14 projects, Binance claimed, without disclosing the names of the companies that received funding. The only publicly declared expense from Binance’s $1 billion IRI commitment was the exchange’s acquisition of the South Korean crypto exchange Gopax, announced in early February.According to wallet data collected by Bloomberg, the IRI has invested less than $30 million since its inception last year. Among nine named participants, only DWF Labs and Binance-backed Aptos had spent at least some of the committed funds.Related: New book reveals Binance CEO CZ rejected SBF’s $40M request for futures exchangeIt’s unclear whether the IRI is still working to support cryptocurrency projects, as its Google Docs applicant form is still active.Binance did not immediately respond to Cointelegraph’s request for comment.Transactions associated with Binance-spearheaded Industry Recovery Initiative as of Oct. 9, 2023. Source: BloombergThe IRI’s high capital commitments versus its actual contributions come as the cryptocurrency industry scrambles for funding.The quarterly amount of cryptocurrency-related venture funding has plummeted as much as 70% from Q3 2022, the blockchain analytics firm Messari reported on Oct. 5. According to the report, crypto VC volumes in Q3 2023 amounted to just around $2 billion, down from the all-time high $17 billion in Q1 2021.Magazine: Deposit risk: What do crypto exchanges really do with your money? Best Crypto exchanges & apps in Australia 2023 [Ranked]According to a statement issued to Decrypt by Gucci, a “‘Digital First’ imperative and ‘test and learn’ approach” are key to its business strategy. According to cybersecurity research firm Trend Micro, romantic scams are a common tactic among criminals, ranking among the top five scams of 2023. Even as AI tools like "LoveGPT" make headway into the world of online deception, it's still old-fashioned crypto scams that hold the lead. These digital currency deceptions have emerged as the most profitable scams of the year, even despite the volatile and speculative nature of crypto markets.

Pudgy Penguins Extension Lil Pudgy Floor Price Up The game, which uses non-fungible token (NFT) technology, was first introduced on the Ethereum blockchain. To expand, Sky Mavis, the game’s developers, developed a layer two (L2) chain named Ronin. The rollout of Ronin finished in February 2021, and by April of the same year, all Axie NFTs transitioned from Ethereum to Ronin. New Cryptocurrencies : Top Altcoins to Invest in 2023Last year, Elliptic predicted that illicit or high-risk funds laundered through cross-chain bridges, decentralized exchanges and coin-mixing services could reach $10.5 billion by 2025.Another Friend.tech User Loses Entire Portfolio to Phishing Scam Mike Alfred opined that “the world computer and ultrasound money narratives have failed.”

This kind of commitment by Buterin most likely goes to show his conviction in the future of the ecosystem that he helped create. In a very direct way, his net worth largely depends on how Ethereum fares in the market over the long run — unless he decides to jump ship in what would likely be seen as a major bearish sign. Furthermore, the BNB token has continuously changed since its launch, according to Binance. It was first developed in 2017 as an ERC-20 token on the Ethereum network. It eventually shifted to the Binance Chain in 2019 and supported the BSC network’s development, formally introduced in September 2020. cryptocurrency exchange sitesWhile Ethereum’s long-term prospects remain promising, given its historical performance and the myriad of real-world applications it supports, the recent actions of whales, coupled with some concerning technical indicators, suggest that investors should proceed with caution. — Yield Protocol (@yield) October 3, 2023

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