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2024-05-04

Popular crypto exchanges(2023 Update) 2024-05-04
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0xSisyphus is also understood to have once offered a 1,000 ETH bounty to anyone who could identify the wallet address that drained the pool and engaged law enforcement in both the United States and Hong Kong, further raising doubts about the new accusations.Related: AnubisDAO’s rug-pulled 13.5K ETH washes away on Tornado Cash“Is Sisyphus at fault for gross negligence for lying about the Anubis team multisig? Absolutely 100%. Probably a civil case possible for victims,” wrote ZachXBT. ZachXBT noted that negligence, in this case, is very different from stealing money from one’s own project. “[As far as I know,] Sisyphus was the only team member speaking with the [Department of Homeland Security].”“You really think they did not look at him first and monitor his activity?” asked ZachXBT.He also explained that the two actors most likely responsible for the loss of funds during the AnubisDAO scandal were two pseudonymous users known only as “Beerus” and “Ersan.”Magazine: NFT collapse and monster egos feature in new Murakami exhibition Learn to trade: How to Use RSI Indicator in Crypto Trading. Wallet DefinitionWith Federal Reserve interest rates at their highest level in 22 years, FRAX announced the launch of sFRAX — a staking vault meant to tap the corresponding hike in Treasury yields. Although these companies have started developing blockchain games, CoinGecko noted Krafton as the trailblazer. According to CoinGeko’s report, Krafton is set to soft launch its blockchain game in December 2023, ahead of a full release between January and July 2024.

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While the BTC price action is bearish, the RSI offers hope that the increase will continue. This is because the bullish divergence trendline (green) that preceded the entire increase is still intact. Also, the indicator is above 50. Says the on-chain analyst, Exchange feesThis emphasis on avatars—digitally-generated visual personas—was showcased a day later when Zuckerberg appeared on AI researcher Lex Fridman's podcast as a "codec avatar" for an interview. As Fridman marveled at the high-resolution, near photorealistic depictions of himself and Zuckerberg, the tech CEO explained that AI is an essential part of understanding the content and context of the metaverse... as well as central to future improvements to Facebook, Instagram, and other existing products. Meanwhile, the entirety of stolen funds have been on the move in the past week, deepening one of the ongoing mysteries around the exchange's collapse last year.Environmental Groups Need to Dig Deeper Into AI Energy Use, Researcher Says

Blockchain data analytics platform Nansen’s CEO Alex Svanevik just outlined six themes that he thinks will play a role in the next “cycle” in the crypto market via a Tweet thread.Many analysts talk about macro themes such as potential easing of interest rates from the Fed and other major central banks, more certainty regarding crypto regulations, and increased institutional adoption as spot crypto ETFs gain approval as major drivers of the next bull run.But the themes Svanevik outlined were more nuanced and crypto sector-specific. Examine them one by one.Fintech Adoption Crypto as A BackendSvanevik noted that major fintech firms are increasingly moving towards using blockchain as their main backend.PayPal has already launched a stablecoin and Revolut is already letting its users stake ETH, he noted.Fintech firms are attracted to blockchains because of their potential to offer complete transparency, enhanced security, censorship resistance, fast and cheap transactions that offer zero cross border frictions.“Long-term, crypto replaces the backends for fintech,” Svanevik noted.Gambling And Betting Moving to BlockchainGambling and betting “just makes a lot more sense with a DeFi backend,” Svanevik noted, explaining that “instead of house taking a spread”, protocols can “live off the yields on capital”.Crypto casinos have been a huge success in 2023, with the likes of Rollbit seeing explosive user growth.Meanwhile, a new Telegram-based crypto Casino called TG.Casino is currently enjoying a highly successful presale, having last raised over $725,000 to power its new platform.Web3 can solve a number of problems that have plagued the traditional gambling industry by providing greater transparency, security and offering an avenue to gamble without having to give up custody of your funds.Real World Assets (RWAs)Svanevik predicts that real-world assets will increasingly move on-chain, particularly US government bonds or “t-bills”.Given they are yield-bearing, Svanevik hypothesized that on-chain t-bills will eventually eat up a substantial portion of the stablecoin supply.He noted he “would be surprised if @circle (and) @Tether_to don’t move here”.The total market cap of all USDT and USDC currently in issuance was last around $110  billion.Web3 GamingSvanevik admitted that he has been touting the potential of web3 gaming for some time, but noted that, “in the next 6 months, we’ll see games launch after 2+ years of building”.He noted he is backing Sipher Odyssey, MixMob and Axie Infinity.SocialFiGiven the recent growth of protocols such as friend.tech, Svanevik noted he expects SocialFi to be a major pillar of future crypto growth.Recent reports suggest that the development team behind friend.tech has amassed nearly $20 million in revenue since its launch in August.At its current pace, the platform is projected to generate an annualized revenue of $180 million.“It’ll take a few iterations (and forks), but I think this (SocialFi) is here to stay”, he noted.Physical NFTsSvanevik hailed Pudgy Penguins’ Luca Netz as “showing us the path to Walmart” for NFTs.Pudgy Toys are now available across 2,000 Walmarts in the USA.As per Walmart, “each toy has an official, scannable, redeemable code that unlocks digital penguin customization using different trait boxes”.“That way, you can obtain rare and epic traits and have a one-of-a-kind forever Pudgy Penguin registered to your name on the blockchain”.Coinbase Director Flags Alameda Research for Minting Nearly $40 Billion USDT in 2021 Aside from Fortnite, which boasts some 400 million registered users, Epic Games also runs the Unreal Engine. The video game development suite powers titles like God of War and PlayerUnknown’s Battlegrounds. How To Buy Dogecoin (DOGE)-Forbes Advisor CanadaSource: PixabayDecentralized Finance (DeFi) platform Zunami Protocol has confirmed a price manipulation attack on its “zStables” stablecoin pools on Curve Finance, causing potential losses of over $2.1 million.The attack is the latest among the list of protocols affected by the recent vulnerability in the popular DeFi platform Curve Finance, which drained funds from a number of the protocol’s liquidity pools, exposing $100+ million worth of cryptocurrencies.The hacker in the Zunami Protocol’s exploit apparently took flash loan from balancer, blockchain security firm Ironblocks noted. The attacker, then added liquidity to change the price massively and started trading in Zunami’s exchange.Ironblocks wrote in a Tweet that the liquidity was later removed, which changed the price and finally traded back and returned the flash loan to get 1,1152 ETH.Fellow blockchain security platform PeckShield was quick to report the attack on Twitter, which immediately notified Zunami Protocol to take “necessary actions.”The attack netted the bad actor more than $2.1 million, carried out via price manipulation, “which can be exploited by donation to incorrectly calculate the price,” PeckShield wrote in a Tweet.PeckShield also noted that the stolen funds were sent to coin mixer Tornado Cash, which obscures the transaction path. This further complicates the efforts to track and recover the stolen funds.Curve Finance platform is still struggling to recover millions of dollars lost in an exploit and recently announced a bounty of $1.85 million to anyone who can identify the attacker.Zunami Warns Users to Refrain From Buying StablecoinsFollowing PeckShield’s warning, Zunami confirmed the attack and said that the “collateral remain secure.” The protocol instructed its users to refrain from buying either of the affected tokens – Zunami Ether (zETH) or Zunami USD (UZD) stablecoins – warning that the exploit is still being fixed.Soon after the confirmation of attack from Zunami, both the affected tokens plummeted sharply. UZD dropped 99% to nearly $0, losing its peg, while zETH fell by 89% to a low of $206. UZD is currently trading at $0.0118 at press time, according to CoinGecko.Zunami Protocol, a yield farming aggregator for stablecoin staking, has been promising the highest Annual Percentage Yield (APY) as a decentralized autonomous organization (DAO), with $5 million in Total Value Locked, according to its website.Zunami also promised users to diversify their stablecoin portfolio while avoiding any crashing risk. The price manipulation risk, however, has put a massive dent in Zunami’s reputation.SlowMist Reportedly Warned ZunamiXian Yu, founder of blockchain security platform SlowMist, said that their firm had identified the attack nearly two months before. The Zunami Protocol apparently received warnings from SlowMist, albeit unnoticed until the breach.Yu said that despite repeated warnings sent to the Protocol, “it was an unpleasant communication.”The decentralized nature of the DeFi ecosystem makes it a lucrative target for attackers, stressing on the importance of high security measures and timey actions on such vulnerabilities.Binance Labs Fuels Helio Protocol's Liquid Staking Pivot with $10M Investment in LSDfi Expansion On October 5, CryptoRank and DeFi TVL aggregator DeFiLlama shared an overview of the DeFi landscape, showing the top eight DeFi categories by TVL.

As noted, the interaction buttons, which include the repost, comment, and like icons, will be hidden from the timeline. This will only be available to users when the post is expanded. On the timeline, only the view count that X introduced in December will remain attached to posts on the timeline. Around the same time as CZ’s warning, another prominent figure, Aman, associated with Binance raised concerns about scams in the crypto community. aman urged users to “Stay SAFU” and highlighted a concerning trend involving the misuse of CZ’s images in NFTs, alongside false promises of lucrative rewards. eToro Review 2023: Pros & Cons-Forbes Advisor UKEven if Bitcoin spreads aren’t generally as wide as in the aforementioned example, other, lesser-known varieties of cryptocurrency occasionally provide even wider gaps. With thousands of cryptocurrencies trading on hundreds of exchanges, arbitrage possibilities might arise since cryptocurrency prices can vary from one exchange to another. Terraform’s head honcho, Do Kwon, back then proposed to fork Terra without UST, calling the current chain “Terra Classic.” Validators of the blockchain approved Kwon’s plan to launch a new blockchain dubbed “Terra 2.0” without a stablecoin. The plan during this transition was to give previous LUNA and UST holders the native token of the new blockchain, LUNA (LUNA), based on their holdings.


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