Will crypto be worth anything in 10 years? - cyptoranking.com

2024-05-02

Popular crypto exchanges(2023 Update) 2024-05-02
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The altcoin market leader was rejected by a key resistance level throughout the past 2 weeks. Since then, ETH has broken through the subsequent support level, where it continued to trade at press time. In order to discuss the incentives that miners face, we need to understand the core business models that miners deploy and the directional unit economics across the standard set of inputs. In the simplest terms, miners aim to produce bitcoin at the lowest possible cost. There are various methods of mining in existence today, each with its own costs, structures, and risks. For the purpose of this post, let’s present a basic overview of the inputs miners must consider and the subsequent capital expenditures involved: Will crypto be worth anything in 10 years?Source: PixabayBalancer, the Ethereum-based decentralized finance (DeFi) protocol, is facing a security breach, marking the second such incident in less than a month. The platform issued a warning to its users after detecting an attack on its frontend, urging them to refrain from interacting with the Balancer user interface until further notice.The breach was revealed to the community on September 19th, around 11:49 pm UTC. $238,000 Worth of Crypto Stolen While the full extent of the attack is still under investigation, it has raised concerns among users and the broader DeFi community. Blockchain security firms, including PeckShield, and blockchain analyst ZachXBT, estimate that approximately $238,000 in cryptocurrency has been siphoned off.The attack's modus operandi appears to involve hijacking the Balancer domain, Balancer.fi. Users who accessed the compromised website were prompted to approve a malicious contract, unknowingly facilitating the draining of their wallets. Reports from affected users indicate that this deceptive approach has been quite effective.Despite the ongoing investigation, Balancer contributor Cosme Fulanito has provided some assurance that the protocol's vault remains "100% fine." This suggests that user funds held in the protocol may not have been affected, though official confirmation from the company is still pending.Balancer Protocol Exploited for $2 Million a Month AgoThis security breach comes as a disconcerting sequel to Balancer's recent vulnerability scare in August, where the protocol warned users of a critical vulnerability. Just days after the initial warning, the platform suffered an estimated $2 million exploit linked to the vulnerability. Although mitigation measures had been implemented to reduce risks, affected liquidity pools could not be paused, leading to the urgent withdrawal advisory for users.The Balancer team has learned from the previous incident and acted swiftly to investigate and contain the breach. Users are now advised to exercise extreme caution, refraining from any interaction with the platform's user interface until the situation is resolved, highlighting the constant battle for security and trust within the DeFi space.CFTC Targets DeFi Protocols Opyn, ZeroEx, and Deridex in Sweeping Crackdown — Miguel Faus 🎥 CALLADITA FILM (@miguelfaus) January 21, 2023

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Interestingly, when the exchange announced the issue, Bitstamp users took to X to report a strange massive drop in the asset’s price on the platform. XRP had crashed to $0.4587. TradingView data corroborates these claims, suggesting the crash occurred at 09:00 (UTC). The SEC is not making new policy when it comes to digital assets and is instead enforcing the existing law, NASAA argued in its brief. 2020′s Bull Redux? CME Improves Its Ranking in Biggest Bitcoin Futures Exchanges ListAs for the rewards, Shytoshi stated that “rewards have been increased and forthcoming”, also touching upon the token of SHIB burns powered by Shibarium. Per the lead developer, burning begins from $25,000 worth of BONE converted into SHIB in the contract. Since this is quite a large sum and constitutes 3,607,503,607 Shiba Inu, accumulating this amount of BONE make take “longer than many expect once again”, Shytoshi clarified. “The US has more NFT, culture and DeFi – Asia is the real gaming end market,” Spencer said.

Oh, and don’t forget about all-important on-chain metrics.StanChart’s Zodia Markets gearing up for stablecoin forex market debut Source: ENS 10 Best Cryptocurrency Brokers in 2023While the economic stimulus and the student debt forgiveness are different, they both mean Americans who previously endured financial burdens will have more disposable funds to play around with. That is not to cut out the continued effect of inflation across States in the U.S., which could also impact the people’s spending power. Trabucco described how the premium in which USDT trades to $1 was typically volatile, given that Bitcoin (BTC)-to-USDT trades resulted in a slight deficit in basis points when compared to BTC/USD trades.“And note, *these* are the best markets to use to determine where USDT is trading — the combo of BTC/USDT and BTC/USD markets, e.g., are WAY more liquid than any exchange’s USDT/USD market, so the prices from these (even though its a two-leg trade) matter way more.”Trabucco went on to explain that other United States dollar stablecoins like USD Coin (USDC) had a less volatile premium due to the creation and redemption process involved with USDT. Given that select firms have the ability to create and redeem USDT, most market players acquire and trade USDT from markets themselves and not directly from Tether’s treasury.“And when USDT gets above $1? A sophisticated firm like Alameda with great setups on all the exchanges and bots to execute more than one leg at a time is gonna want to sell! And we do — a LOT.”Trabucco added that Alameda was able to “safely put on big bets” due to its ability to do USDT creations and redemptions when it needed to. The former Alameda CEO described it as a “win-win” situation for the trading firm and the stability of USDT’s dollar peg:“Obviously we’re making money because we can, e.g., selling above where we create, but we’re also bringing the price in line so that when aggro buyers come in, it sticks close to $1.”As a result, Alameda profited by collecting the premium on arbitrage opportunities through its ability to create USDT tokens. Sam Bankman-Fried himself also chimed in on the debate in 2021, stating that Alameda actively redeemed USDT for U.S. dollars.It's sort of funny hearing people claim that you can't create/redeem USDT for $.Like, I don't know what to tell you, you can, and we do. https://t.co/8XthTsk1xr— SBF (@SBF_FTX) January 12, 2021

VC Roundup: Investors eye blockchain analytics, gaming and crypto privacy To fill their orders quickly, the sellers may have to compete by lowering prices. Robinhood to let customers buy crypto using outside ...Archax announces crypto/money-market-fund trading pairs!Facilitates regulated trading against #cryptocurrencies.https://t.co/1g8dfXgXNgCapital at risk Magazine: Can you trust crypto exchanges after the collapse of FTX?SEC vs Ripple - Is an End in Sight?

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