Decentralized exchange Vertex launches on Arbitrum - cyptoranking.com

2024-05-05

Popular crypto exchanges(2023 Update) 2024-05-05
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Polygon (MATIC) 12-hour price, USD. Source: TradingView 1 The NEAR Protocol price decreased by 6.27% over the last week and is trading below major EMAs. Decentralized exchange Vertex launches on ArbitrumHong Kong-based iFinex, owner of the crypto exchange Bitfinex, has offered to repurchase $150 million worth of shares as it seeks to shore up its control over the company, according to Bloomberg. Shiba Inu, which reached a market value of nearly $7 billion with the Shibarium launch, experienced a value loss of almost 40% after breaking its all-time high in recent times. After the period when whales made significant purchases, investors continue to exit due to the troubled process in Shibarium, accepting the loss.

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In contrast, regular customers held credit lines up to $1 million. A a far cry from the billion-dollar limit enjoyed by Alameda. Importantly, the “allow negative” feature was exclusively accessible to Alameda. Starbucks Celebrates 20 Years of Pumpkin Spice Latte with NFT Collectibles 8 Best Crypto Coins for Beginners to Buy in Summer 2023On November 10, Circle will discontinue deposit and withdrawal support for USDC.e bridged over Polygon PoS for its APIs, including Circle Mint and Express. After this date, only local USDC will be supported. ZK networks daily active and transactions. Source: artemis.xyz

An analyst shared on X that it will be a very busy week in the cryptocurrency space. Cardano lightweight Web3 wallet Lace has gotten a new upgrade with its 1.6 release. The Lace team excitedly announces the launch of the 1.6 version, which brings improvements and gives users more control over multi-staking. Can I start trading crypto with $100?Perhaps one of the most significant factors contributing to the Netherlands’ rise as a crypto casino and crypto hub is the legal status of cryptocurrencies in the country. Unlike some nations that have taken a more restrictive stance on digital assets, the Netherlands has chosen to embrace cryptocurrencies fully. There are currently no regulations that explicitly prohibit the use or trading of crypto assets in the country. This legal clarity has encouraged crypto startups and established players to establish a presence in the Dutch market, driving innovation and investment in the sector. Galxe platform experiences DNS attack, losses top $150K

Alameda Research’s FTX account was granted secret permission to “allow negative,” meaning it could trade even with no balance, Wang added in his testimony last week.Binance’s UK approver hit with FCA restrictions days after partnership announced To fill their orders quickly, the sellers may have to compete by lowering prices. How to buy Bitcoin: Find the best way to buy BTC in 2023Source: a video screenshot, Entrepreneur ME / YouTubeBinance CEO Changpeng Zhao's plan to rescue the cryptocurrency market has fallen short of expectations eleven months after launch.Since the launch of the Industry Recovery Initiative (IRI), the company has only spent less than $15 million out of an announced $1 billion fund, Bloomberg wrote. Last year was plagued by two major falls which sent the market to sharp lows; the Terra Network and the cryptocurrency exchange, FTX.After the collapse of FTX, the ripple effect was seen both in plunging asset prices and in struggling firms who were exposed to the company.Zhao became a hero when he announced a plan to partner with leading industry players to raise $1 billion to save startups within the ecosystem. Notable firms like Jump Crypto and Animoca Brands joined in the fund.Binance has spent just $15 million from its total commitment and now transferred the remaining $985 million to its corporate treasury. Before this, the exchange announced a conversion from BUSD to other cryptocurrencies citing increasing regulatory pressure on stablecoins.Projects funded since IRISo far, Binance claims that the industry rescue fund has been applied to 14 projects although 13 of those remain undisclosed announcing only the funding of Gopax, a South Korean cryptocurrency exchange.At the time CZ stressed the importance of the fund to save web3 projects adding that,“The Industry Recovery Initiative was created to support promising companies that were negatively impacted by the events of last year. We hope that taking this step with GOPAX will further rebuild the Korean crypto and blockchain industry.”A few months after the announcement of the IRI m, about 18 firms had also contributed $100 million towards the cause although only nine were publicly identified.Jump Crypto pledged $25 million while DWF labs budgeted $15 million and has utilized $2 million with a withdrawal of $14 million.Aptos on the other hand pledges $5 million and has utilized the same amount for the project. While the fund remains underutilized, Binance has explained that most firms failed to meet the criteria. “We didn’t identify as many projects who would meet our criteria, and this is the same for the other investors,” Dan Hou, head of Business Strategy and Operations at Binance.FTX's negative impact on VC funding The impacts of the post-FTX saga can be seen in plummeting venture capital investments from Q3 2022.Blockchain intelligence firm, Messari noted that VC volume last quarter stood at $2.1 billion down from its all-time high of $17 billion in 2021.VC volumes in crypto slid 36% from Q2 2023 after recording slight growth on the back of numerous spot Bitcoin ETF applications amid renewed institutional demand.In total, VC volumes in crypto assets have been down by 70% since the collapse of FTX although recent developments show a slight change in the stance of institutional investors. Gemini Appoints Sachin Ranlani as Vice President and Head of India for Market Expansion As evidence for the Pond0X’s trading volume, the official channel cited a Dune dashboard created by user Mogie, which shows over $111 million in all-time trading volume as of Sept. 29.Total volume metric for Pond0X. Source: Mogie/DuneThe PNDX token launched on July 28. At the time, critics accused the project of being a rug pull or exit scam. At issue was the unorthodox way that the project’s founder, Jeremy Cahen (also known as “Pauly”), launched the coin. In the launch post on X (formerly Twitter), Cahen posted the URL to an app that allowed people to deposit a fixed amount of Ether (ETH) to receive a fixed amount of PNDX. He also posted the contract address for the token. In response, some investors started buying the coin on Uniswap, using its contract address to identify it, while others deposited ETH into the app to receive PNDX. The price on Uniswap quickly rose above that of the ETH needed to mint PNDX, so minters started selling their coins into the market at a profit. Critics claimed that this process transferred over $2 million of wealth from those who bought the coin on Uniswap to those who minted it using the app. The ETH deposited through the app went into a contract that contained no means of reclaiming the funds, leading critics to allege that the whole project was intended to drain funds from investors and send them to Cahen.In addition, coding experts began claiming that the token lacked a normal transfer function. Instead of only allowing the token owner to transfer it, PNDX allowed anyone to transfer tokens. This meant that each PNDX owner could lose their tokens at any moment, since any programmer could “steal” their PNDX using developer tools. On July 29, Solidity enthusiast and blogger Sm-stack claimed they ran a test in Foundry that proved this point.However, more than two months after the project’s launch, it continues to garner hundreds of supporters on Twitter, with replies to official posts routinely saying such things as “FEELS GOOD MAN” and “Best DEX, don’t see a reason for people to use other tbh.”Best DEX, don’t see a reason for people to use other tbh— Lemur (@OGLemur) September 28, 2023

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