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2024-05-13

Popular crypto exchanges(2023 Update) 2024-05-13
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Hong Kong’s police force has raised the alarm after 11 Hong Kong-based Binance customers were targeted in a wave of phishing scams sent through text messages. If we take the general market, where the Ethereum network is also present, as a reference, we can see from the data a discontinuous but overall growing activity from May until today. KuCoin:Crypto Exchange|Bitcoin Exchange|Bitcoin TradingPolygon’s native token (MATIC) experienced a 16.4% rally that coincided with the launch of Polygon 2.0 Goreli testnet on Oct. 4. However, the resistance at $0.60 proved stronger than anticipated and was followed by a 10.6% decline over the six days leading into Oct. 10. This decline was exacerbated by negative news regarding the departure of a key co-founder and weak activity in Polygon’s zero-knowledge rollup (ZK-rollup) subnet.Polygon (MATIC) 12-hour price in USD. Source: TradingViewMATIC’s price has wiped out previous gains from the early October rally, erasing the bullish momentum driven by the expectations of the protocol’s upgrades. Rallies tend to follow mainnet and protocol updatesPolygon 2.0 is a network of ZK-based layer-2 chains unified via a novel cross-chain coordination protocol. Polygon’s 2.0 scaling technology was unveiled in June 2023 as a plan for a scaling ecosystem consisting of four layers: staking, execution, interoperability and proving. Each of these layers contributes to creating an interconnected ecosystem of chains that facilitate secure, fast and highly cost-effective transfers.Among the benefits of Polygon 2.0 are enhanced security and privacy through ZK-proofs, full compatibility with the Ethereum Virtual Machine (EVM) and instant cross-chain interactions without requiring additional security or trust assumptions. It’s worth noting that the project is continuing to develop its Zero-Knowledge Scalable Transparent Argument of Knowledge-based layer-2 solution, Miden.One could argue that the recent 10.6% retracement merely reflects an adjustment to the overexcitement triggered by the testnet launch. However, other factors may have contributed to investors’ worsening sentiment toward Polygon. For instance, Polygon’s ZK subnet, zkEVM, has lagged behind competitors in activity and deposits.Network data shows Polygon losing steam as new competition emergesZK networks daily active and transactions. Source: artemis.xyzMetrics from Artemis, an on-chain data provider, reveal a significant disparity between Polygon zkEVM’s 6,210 active addresses compared to StarkNet’s 154,390 and zkSync ERA’s 239,810. A similar discrepancy exists when analyzing the number of daily transactions, with Polygon’s ZK-rollup also trailing competitors.Taking a broader perspective on the total number of transactions and deposits in the Polygon network yields suboptimal results. For example, Polygon’s total value locked (TVL) stands at $756 million, according to DefiLlama, which is less than half of Arbitrum’s layer-2 scaling solution.Total value locked (TVL) in USD. Source: DefiLlamaIt’s noteworthy that despite being launched much earlier than most Ethereum layer-2 solutions in June 2020, Polygon is now facing direct competition from Optimism and Base.The departure of Polygon’s co-founder, Jaynti Kanani, on Oct. 4 after six years with the project also triggered some degree of discomfort among investors, given the project’s proximity to the crucial completion of its improved multiple-layer scalability solution. Interestingly, this decision follows the departure of Polygon Lab’s CEO, Ryan Wyatt, in July 2023, not long after joining the company in February 2022.Further impacting MATIC’s performance was a decline in the number of active addresses using the Polygon network’s decentralized applications (DApps).Polygon network DApps active addresses, 30-day change. Source: DappRadarOn average, the top 12 DApps on the Polygon network experienced a 17% decline in the number of active addresses over the last 30 days. This issue was particularly concerning in the NFT and decentralized finance markets, notably affecting applications like Uniswap, OpenSea and Move Stake.Related: Circle rolls out native USDC tokens on PolygonRegardless of the reasons behind MATIC’s token surge earlier in October, the recent 10.6% negative performance can be attributed to reduced network activity, the departure of a co-founder during a critical upgrade phase and stiff competition from other ZK scaling solutions. Ultimately, there is enough bearish news flow to justify this correction, although the team has been consistently delivering the necessary updates and improvements to the Polygon network. Investors should closely monitor the project’s progress in addressing these challenges and capitalizing on the innovations of Polygon 2.0.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. Read more: AI Stocks: Best Artificial Intelligence Companies To Know in 2023

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Meanwhile, Brooks explained that the hacker appears to have changed its method for obscuring funds. You might also like: What are AI crypto coins? 10 Important Cryptocurrencies Other Than BitcoinUSDT Supply on Exchanges Hits Seven-Month Levels — Nitro Nation World Tour (@NitroNationTour) October 5, 2023

Uphold communicated the promotional offer via its verified X account and official website. In an Oct. 6 thread on X, the anonymous account NFT Ethics tagged OpenSea asking them to respond to its accusations that their former head of ventures Kevin Pawlak is linked to the pseudonymous identity “0xSisyphus" and was involved in "various dubious business dealings." Crypto exchange Coinbase was behind Tesla's bitcoin buyThe Solana network uses Archivers to store data. The network’s data offloads from the validators to Archivers, a network of nodes. These nodes may be as lightweight as laptops or PCs that the network periodically checks to verify that they’re storing the correct data. The astrology-themed nonfungible token (NFT) project Lucky Star Currency (LSC) has performed an exit scam for over $1 million, according to an Oct. 9 report from blockchain security firm CertiK. The project’s deployer account called the “withdrawToken” function on both the NFTMerge and AdwardCenter contracts, removing over $1 million in LSC from them. These tokens were then swapped for the Binance USD (BUSD) stablecoin and sent to another account.#CertiKSkynetAlert We can confirm an exit scam on @AstrAstrol75591 LSC token Bsc: 0x2b3559c3DBdB294cbb71f2B30a693F4C6be6132dEOA 0x9Ef withdrew LSC tokens from the AwardCenter contract. Tokens were then sold for $1.1mhttps://t.co/sy7vFfqhf5— CertiK Alert (@CertiKAlert) October 9, 2023

Campbell served Ripple for two years and seven months as the CFO. Hacken is a blockchain security auditor that provides code audits, penetration testing, and bug bounty programs for projects built on various platforms, including Radix. The project was founded in 2017 by Dyma Budorin, who wanted to create a community-driven platform for cybersecurity services. Hacken has a team of over 60 experts and a network of more than 25,000 white hat hackers and security researchers. Sebi Board meet: Commodity derivatives market open to FPIsHUGE thanks to @DCP_Foundation, our whole cast & crew, and the 500+ degens that made this film possible. pic.twitter.com/Br8DFmlAzc Ether has underperformed Bitcoin by 25.7% in the last 11 months, causing the ETH/BTC ratio to breach the 0.06 support level. Therefore, several factors can be attributed to the negative sentiment surrounding Ether's price, including the U.S. Securities and Exchange Commission's lawsuits against Binance and Coinbase in June 2023.

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