Top 10 Most Promising Cryptocurrencies to Buy in May 2023 - cyptoranking.com

2024-05-11

Popular crypto exchanges(2023 Update) 2024-05-11
Image: cyptoranking.com

“In 2018 Juventus was one of the first clubs in the world to understand the potential of this technology and the results have proved us right,” Juventus Chief Commercial Officer Tiziana Di Gioia said in a statement. Paul Tudor Jones, the billionaire hedge fund manager and founder of Tudor Investment Corporation, has voiced significant concerns about the current state of the stock market. Top 10 Most Promising Cryptocurrencies to Buy in May 2023Stolen funds have been directed to an Ethereum address, which, at the time of writing, holds almost $75,000. The attack appears to be ongoing, with the last token transfer taking place at 12:30 pm ET. Summary:

Exchange Rankings Crypto
Image: cyptoranking.com

The Canadian Bitcoin (BTC) mining company Hut 8 continues to accumulate self-mined BTC amid the ongoing merger deal with the industrial cryptocurrency miner, US Bitcoin (USBTC).Hut 8 mined 111 Bitcoin in September 2023, bringing its self-mined BTC reserves to 9,366 Bitcoin, the firm announced on Oct. 10.The amount of Bitcoin mined by Hut 8 in September is up around 8% from the previous month but is still significantly lower than in May 2023 when Hut mined 147 BTC. The Bitcoin miner has seen its mining pace drop significantly over the past year, as its monthly mining volumes dropped nearly 60% from 277 BTC mined in September 2022.But despite seeing a notable decline in the amount of monthly-mined Bitcoin, Hut 8 has remained committed to its hodl strategy, which has not been seen among too many miners in the industry.“No Bitcoin was sold during the month,” Hut 8 said, stressing that the company owns one of the largest self-mined BTC reserves among publicly traded firms. “Total balance of Bitcoin in reserve was 9,366 on September 30 — 7,269 of which were unencumbered,” the firm added.Hut 8’s latest BTC reserve expansion comes in line with the company’s long-term hodl strategy. Unlike many crypto miners forced to sell at least part of their mined Bitcoin holdings amid tough market conditions, including firms like Core Scientific and Riot Blockchain, Hut 8 has continued to steadily increase its Bitcoin stash. As of September 2022, Hut 8 had about 8,000 BTC in its reserves.In the announcement, Hut 8 also mentioned the success of its ongoing merger deal with USBTC. Announced in February 2023, the transaction is expected to create a new Bitcoin mining business called Hut 8 Corp, or “New Hut.”Related: Bitfarms increases mining pace, generates 411 BTC in SeptemberIn September 2023, Hut 8 and USBTC obtained final approval from the Supreme Court of British Columbia for the merger deal.“Progress toward completing our transaction with USBTC continues, and we’re grateful to our shareholders who demonstrated their overwhelming support by voting in favor of the merger,” Hut 8 CEO Jaime Leverton said. He added that the recent approval from the Canadian court allows the firm to “continue to advance us toward a new Hut 8,” which will have “highly diversified fiat revenue streams.”Magazine: Web3 Gamer: Minecraft bans Bitcoin P2E, iPhone 15 & crypto gaming, Formula E Source: iStock/JuSunFriend.tech has suffered from a major privacy breach that has led to the unauthorized disclosure of sensitive information pertaining to more than 101,000 individuals.Banteg, a core contributor to popular DeFi project Yearn Finance, has published a repository of publicly available scraped data on GitHub, revealing critical details of over 101,000 users on the Friend.tech platform.The exposed information includes wallet addresses on Base and corresponding Twitter usernames. “101,183 people have given friend.tech access to post as them, leaked db (database) indicates,” Banteg said in a Monday tweet. However, the privacy breach doesn't stop there. Banteg also highlighted a concerning situation regarding Friend.tech's permissions. It appears that these users may have granted Friend.tech the ability to post on their behalf, possibly without fully comprehending the extent of the permissions granted or giving their explicit consent.The breach came to light when Spot On Chain analysts discovered that Friend.tech's API had inadvertently "leaked" information. They revealed that through the API, it was possible to view wallets created by users, with associated Twitter usernames. Launched as a beta version on August 11, Friend.tech allows users to tokenize their social networks by purchasing and selling "shares" of their connections. Friend.tech applies a 5% fee on transactions, with the owner profiting from the trade spread. The project is built on Coinbase's layer-2 network Base.Friend.tech Says the Information Was Already PublicFriend.tech responded to the incident by trying to downplay the severity of the breach. They claimed that the information was publicly available through their API, implying that scraping it is similar to looking at someone's public Twitter feed."This is just someone scraping our public API that shows the association between public wallet addresses and public Twitter usernames," they said in a recent tweet. The privacy concerns surrounding Friend.tech comes as the platform has gained significant traction recently, attracting high-profile signups and accumulating protocol fees exceeding $1.42 million in the last 24 hours. This impressive growth has positioned Friend.tech among the top three crypto projects in terms of user-paid fees.The driving force behind this project is believed to be a developer operating under the pseudonym Racer. Racer has previously designed social media networks such as TweetDAO and Stealcam, both of which were based on non-fungible tokens (NFTs). With Friend.tech, Racer aims to attract crypto influencers with substantial fan bases, providing them the opportunity to earn royalties from trading fees. Additionally, the platform is also seeking to strengthen relationships between Web3 projects, venture capitalists, and important figures in the crypto industry.Decentralized Social Network Friend.tech Surpasses $1 Million in 24-Hour Fees, Leaving Uniswap and Bitcoin Behind Best Bitcoin Debit Cards of 2023-CryptocurrencyThis alteration led to the swift transfer of around 16 trillion $PEPE tokens from the compromised wallet to centralized exchanges (CEXs), resulting in a $100 million market capitalization drop. Official $PEPE sources remained silent, leaving investors and enthusiasts perplexed. Staking is important in PoS, as validators have to lock up their crypto assets in a wallet as a stake and reach a consensus with other validators in deciding what transaction will move into the next block. However, choosing a block depends on a bet, and the protocol will select one from the bet blocks.

HKMA is also working on another CBDC-related project known as e-HKD. Digital currency has shown different use cases, such as payment, deposits, and investment scenarios. Funding is generally done using the token issuance method, wherein the protocol sells tokens in exchange for funds. People who receive tokens are given certain voting rights based on their holdings. The stakeholders of the DAO decide the rules and these rules and transaction records are stored on a blockchain with complete transparency. How do I buy decentralized Bitcoin?At the time of writing, USDC is the second largest stablecoin in the world after Tether and has a market value of $25 billion. However, Tether has a market value of $83 billion. However, the price is currently within a critical range, suggesting a potential consolidation scenario in the mid-term.

US Inflation Posts Biggest Monthly Increase in 2023 as CPI Rises 0.6% The subject of whether Amazon Web Services (AWS) limits the playing field for cloud services is nuanced and varied. While Amazon's market dominance poses hurdles for smaller competitors, it has also fueled innovation and contributed to the rise of the cloud computing sector. Are US citizens allowed to use Binance?With whales and overall retail investors increasingly moving their STORJ tokens off exchanges this week, it suggests growing confidence in the cryptocurrency’s long-term prospects and a belief that its price will rise. Last month, Linqto created an opportunity for non-accredited investors in the crypto community to invest in Ripple shares. Expectedly, the wave resulted in the shares quickly selling out.

Have an opinion on this story? Share it!