Decentralized crypto exchange Uniswap Labs raises $165M on $1.66B valuation - cyptoranking.com

2024-05-14

Popular crypto exchanges(2023 Update) 2024-05-14
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When the blockchain splits into several paths, forking happens, producing different versions of the transaction history. The consensus method is put to the test by this divergence, which makes it challenging to establish which version is the legitimate one and delays finality. It’s important to note that tokens directly deployed to a layer-2 do not have any dependencies on the fault-proof system, as there is no bridge back to the first network layer for those tokens. Decentralized crypto exchange Uniswap Labs raises $165M on $1.66B valuationWill the Bitcoin halving have any meaningful impact on XRP price? This Week in Crypto: Sam Bankman-Fried Trial, Rising US Debt, and Return of Satoshi

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Clay Nation’s daily sales rose 129% to US$5,685 in the 24 hours leading up to 07:55 p.m. in Hong Kong, according to CryptoSlam data. “There’s a lot more liquidity in mixers on the BTC chain than on Ethereum these days,” Five I’s founder Nick Bax told Blockworks. How to Sell Bitcoin in 2023 [Coinbase, Robinhood & Cash]Source: PexelsMove-to-Earn fitness platform Sweat Economy has proposed a governance vote to reassign over 2 billion abandoned SWEAT tokens. The protocol had assigned billions of SWEAT tokens to users who signed up during its token generation event (TGE).According to a recent blog post, several users never downloaded the Sweat Wallet app, leaving about 2.5 billion SWEAT tokens (13% of the total token supply) idle or abandoned.Community To Decide the Fate of Idle SWEAT TokensSweat Economy is a health and fitness platform that encourages users to keep fit, letting them earn SWEAT tokens while performing physical activities. Users can convert the SWEAT tokens into other cryptocurrencies or use them to purchase items.According to a recent blog post, Sweat Economy seeks the community's opinion after over a year of fruitless effort contacting the owners of the idle SWEAT tokens. According to the project, its community ideally has no recourse for recovering these abandoned tokens.However, the project placed 90% of the tokens at TGE in a lockup contract that automatically unlocks them over 24 months. The Sweat Foundation holds the keys to the lockup contract, providing an opportunity to reassign the abandoned tokens.Therefore, the project has proposed a two-step approach to recover and reallocate the "idle" tokens. The first part of the approach includes an in-app vote, allowing the Seat Foundation to retrieve the locked, idle SWEAT tokens and transfer them to a treasury wallet.The unlocked tokens will remain in the foundation's treasury until the issuance of a future proposal outlining its reallocation plans. According to the blog post, potential reallocation plans could include burning a percentage of the tokens or using them to fund operational costs or support future product launches.Notably, the tokens will remain untouched in the treasury wallet until the foundation completes a second proposal detailing its reallocation plans, which will not take the course unless the community approves.The Voting RulesAccording to the blog post, the action will not affect Sweat Wallet users but only unlock idle tokens which have remained dormant since the TGE.The foundation noted that 2.5 billion SWEAT token reallocation would affect users who opted in to “Opt into Sweat” but never downloaded the wallet app and did not respond to various attempts to contact them.The timeline for claiming tokens will be immediately after the in-app vote. The team requires a minimum of 75,000 votes to accept or deny the proposal.The voting will last seven days with a three-day extension, depending on the initial outcome. And each person is entitled to one vote with a fee of 0.1 SWEAT token per vote.Crypto Billionaires Lose Big Amid SEC's 2023 Crackdown on Binance and Coinbase Source / Sam Cooling x PublicDomainPicturesLeading crypto gold project Tether Gold (XAUT) has seen a +1% price increase amid bullish movements in underlying 1:1 gold prices (per troy Oz) - fuelled largely by increased geopolitical risk stemming from the developing Israeli confrontation with Hamas.Amid the violence, gold prices are experiencing an uptrend, trading near the $1,850 mark, primarily driven by the escalating military situation around Gaza - which if triggering heightened tensions across the Middle East.With global markets remain wary of potential geopolitical uncertainties that might have broader implications, investors are gravitating towards traditional safe-haven assets. Gold, revered as a dependable store of value during periods of geopolitical unrest, seems to be benefiting from this sentiment. As the conflict between Hamas and Israel continues to unfold and fears of it spreading to other parts of the region mount, there is an increasing demand for assets like Gold to offer protection.Economic Data Fuelling Gold GainsBalancing this, the US Dollar (USD) has shown resilience after the recent positive US Nonfarm Payrolls data, which reported a significant addition of 336,000 jobs in September, overshooting market projections. This job surge, paired with expectations of the Federal Reserve sustaining higher interest rates, has led to a rebound in US Treasury yields, with the 10-year bond yield nearing its highest since 2007 at 4.80%.Going forward, the market's focus is set to shift to the upcoming International Monetary Fund (IMF) meeting, which will discuss stabilizing international exchange rates and strategies for further development. Additionally, the US Core Producer Price Index will be under the spotlight later this week, providing key insights into inflationary trends and the overall health of the US economy.But how does this look for the leading 1:1 gold token XAUT?XAUT Price Analysis: Tether Gold Soars Over Gaza Geopolitical TensionsAmid the gold rally, XAUT is pushing higher into the trading channel, currently trading at a market crypto price of $1858 (representing a 24-hour change of -0.26%, and a +$2.19 premium over gold spot price).This comes following a strong +2.35% bounce out of the accumulation zone between $1775 and $1825, triggered last Thursday.TradingView / XAUT USDXAUT price action is now testing localised resistance from the 20DMA, which has prevented significant upside movements for two-weeks since September 25.A break-above the 20DMA would prime XAUT for a move up to reclaim $1,900 - a realistic scenario considering the fundamental tailwinds of the situation in Gaza.As for XAUT's indicators, the RSI is currently remaining at an oversold bullish signal at 43.55 - although it is worth noting the gradual increase on this indicator during the recent move.And the MACD confirms this bullish sentiment, with significant bullish divergence at 2.019.Overall, in light of developments in Israel over the weekend, XAUT seems primed to push up - pending a critical break-above the 20DMA.TradingView / XAUT USDThis leaves XAUT with an upside target at $1,900 (a potential +2.27%).While downside risk could see XAUT tumble to lower support at $1,850 (a possible -0.42%).XAUT therefore carries a risk: reward ratio of 5.38 - an immensely bullish entry characterised by a de-risking market shifting towards 'safe haven' assets. But while the market is leaning into safer lower return positions, lucrative opportunities are abounding - and one such project surging with interest is an emerging Telegram-based GambleFi project.TG.Casino's Presale: The Next GambleFi Sensation in CryptoSource / CryptoNews.comAmid the surging interest in Telegram trading bots and GambleFi, TG.Casino (TGC) has rapidly caught the market's attention, securing an impressive $670k in its presale in mere days. Unlike typical Telegram bot ventures, TG.Casino has uniquely combined the casino thrill with blockchain's decentralized benefits. Being a licensed casino that integrates with Telegram and its vast user base, it offers an unparalleled blend of accessibility and potential.What Makes TG.Casino Different in the GambleFi?Source / TG CasinoUser Experience: With thousands of live casino games, slots, and table games, along with a comprehensive sportsbook, TG.Casino promises a rich user experience. Add a 150% matched deposit bonus and 500 free spins to the mix, and you've got an unbeatable offer.Security: Users can trust the platform, thanks to encryption that protects data and funds against potential threats.Token Utility: The $TGC token lies at the heart of the TG.Casino ecosystem. Not only does it power instant transactions, but it also holds various utilities, like being exchanged for gaming credits or other cryptos.Staking & Rewards: The presale shines with a staggering 3,446% staking APY. Given that over a million tokens were staked on day one of the presale, it's clear that the excitement is real. A buyback mechanism further ensures price stability and consistent rewards.Participation: To join, head to TG.Casino's official website, set up an ERC-20 compatible crypto wallet, purchase ETH or USDT, and follow the on-site steps to buy $TGC. Once the presale concludes, you can claim your tokens during the Token Generation Event.Bright Future: With well-thought-out tokenomics and an incredible 3,446% APY, TG.Casino is setting the stage for monumental success in the GambleFi sector.In conclusion, the TG.Casino presale represents not just an opportunity but an invitation to the future of GambleFi on Telegram.Buy $TGC HereDisclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.17 Best Altcoins to Buy in 2023

STORJ is an open-source cloud storage protocol. It provides a decentralized cloud storage infrastructure to users. Network participants, i.e., Space providers, get paid STORJ tokens in exchange for rendering bandwidth and storage capacity. So far, the Tezos price has increased by 13% today. While it has moved above the resistance trendline, it has yet to reach a daily close above it. The trendline has been in place for 230 days. List of bitcoin companiesThat Axos voluntarily serves Binance as a customer isodd, particularly as the SEC is suing the parent companies of Binance US and Binance.com, as well as its founder, Changpeng Zhao. After the SEC sued Binance, US customers slowly withdrew funds and stopped using Binance US. Once popular, the exchange has embarrassingly downranked to 63rd among global exchanges. Based on this, Ethereum remains in a critical position and support. Notably, the coin is moving sideways with low trading volumes.

One of the most common scam techniques is to encourage victims to engage in any type of conversation. Once an innocent user has engaged, the scammer’s communication will be more frequent. Talks will start on mundane things and will later escalate to more serious topics, including investment opportunities. You might also like: Metaverse poses ‘unprecedented’ privacy threats, report says 6 best crypto wallets to stash your BitcoinHowever, not everyone likes the idea of expanding Bitcoin’s ecosystem beyond its current use cases.Cory Klippsten, the CEO of BTC-only exchange Swan Bitcoin, believes drivechains and solutions that bring other assets to Bitcoin will bring an influx of scammers.Saifedean Ammous, the author of The Bitcoin Standard, opposes the idea of issuing altcoins on Bitcoin, suggesting that “good money” is the only token needed.People only think tokens are a good idea because we live in a world of broken money. A good money is the only token anyone ever needs. Bitcoin is going to detokenize the world. https://t.co/q8Nhc7XcOX— Saifedean Ammous (@saifedean) August 28, 2023 That's especially when it comes to top NFT studio Yuga Labs that was once valued at $4 billion. The creator of celebrated collections like Bored Ape Yacht Club and Mutant Ape Yacht Club announced last week that it's laying off staff — and it may well be a consequence of drying up revenues.

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