What percentage of crypto traders make money? - cyptoranking.com

2024-05-04

Popular crypto exchanges(2023 Update) 2024-05-04
Image: cyptoranking.com

🔹 16,000,000+ Solana transactions🔹 15% of daily @solana transactions 🤯🔹 2,000,000+ DAILY transactions🔹 8,577 profiles created🔹 37,640 fleets created Source: PixabayOptimism-based decentralized crypto lender Exactly Protocol suffered a bridge exploit as it lost as much as $12 million worth of ETH earlier today.Blockchain security firm De.Fi reported that the hacker used an exploiter contract on Ethereum that transferred deposits to Optimism before ultimately bridging stolen funds back to Ethereum.The total value locked on the protocol also took a nosedive shortly after the bridge exploit.Protoco’s TVL plummeted from $36 million to under $26 million, according to data from DeFi Llama.The protocol's native governance token (EXA) also fell by more than 15% following the bridge exploit as it currently trades at $4.91,Due to its relatively new technology, cross-chain bridges have emerged as a prevalent target for hackers, with over $2 billion reportedly lost to bridge-related hacks last year, Chainalysis revealed. The Defi protocol acknowledged the hack and put out a tweet saying that they're actively investigating the security issue within the protocol. “To ensure user safety, the protocol is temporarily paused (you can still withdraw assets). Our team is on top of this and will share more details asap.”DeFi Hack Coincides With Overall Downturn in Crypto Market. The hacking incident comes at a time when there is an overall downturn in the broader cryptocurrency market, leading altcoins including XRP, LTC, and BCH experienced substantial double-digit declines. The leading cryptocurrency Bitcoin also slumped to as low as $25,200 briefly before making a slight recovery earlier today.Nearly $1 billion worth of positions were liquidated within a span of 24 hours as the entire market witnessed the bloodbath. The ongoing cross bridge exploits have become a major concern for the crypto industry. As reported earlier, Hundred Finance, a lending and borrowing DeFi protocol on the Optimism [OP] network, also suffered a major hack on 15 April. The hack led to the exploitation of $7 million worth of crypto assets.DeFi Value Locked Reaches Nearly $42 Billion as Token Market Experiences Significant Growth – Here's the Latest What percentage of crypto traders make money?As of September 25 of this year, Christine Lagarde, the Chief of the European Central Bank, indicated that the Digital Euro remains at least two years away from implementation. China, previously regarded as a frontrunner in Central Bank Digital Currency technology, was still in the trial phase, primarily focused on establishing rudimentary use cases with close allies. In comparison, Bitcoin and the broader open cryptocurrency ecosystem have amassed over 14 years of production activity and organic growth. For those who may not have closely followed Bitcoin's evolution, CBDCs may initially appear reasonable. However, upon closer examination, it becomes evident that Bitcoin's first-mover advantage provides it with a substantial head start in terms of network effects, adoption, and technological maturity. It means users could interact without intermediaries or authorization from governing bodies. Furthermore, the new web could make it possible to integrate newer, more immersive, and inclusive features such as metaverses, NFT-based games, decentralized finance (defi) infrastructures, and decentralized autonomous organizations (DAOs).

Exchange Rankings Crypto
Image: cyptoranking.com

PepeCoin: Internal Strife and a Mysterious Transaction "'We need to ensure that we fully understand what every witness is saying because we didn't have an adequate opportunity to prepare [...] an adequate defense as required by the U.S. Constitution.'" Cryptocurrency Products and Services|Transparency CenterPlayers can earn in-game rewards using ILV tokens, creating a play-to-earn mechanism that adds value to the token. Product Manager

Binance, the world's largest cryptocurrency exchange, announced in a statement that it will launch futures transactions for the altcoin called STRAX. On October 2, BeInCrypto reported that Solana’s (SOL) Total Value Locked (TVL) surged to a new 2023 high. As of writing, the TVL stands at $326.99 million. 10 Best Crypto Exchanges & Platforms of March 2023It is speculated that Web 3.0 or the spatial web will become the heart of all emerging sophisticated technologies, and the advent of the metaverse has been referred to as the next generation of the internet. After a few hours, Bitstamp said it had resolved all the issues and that the XRP trading had resumed. The exchange noted that it had to “cancel all open orders on affected XRP markets” before the glitch was discovered at 18:00 (UTC). The exchange asked Users affected by this cancellation to resubmit their orders.

Zhu Su is the president and director of Three Arrows Capital, while Davies is the chairman and director. Both have received a nine-year ban from the Monetary Authority of Singapore, which prohibits them from participating in regulated activities and holding positions in capital market services companies.UK Committee Rejects Crypto Fan Tokens in Sports as Valid Engagement Metric Furthermore, as Core Scientific navigates its Chapter 11 proceedings, Bitmain is anticipated to acquire a $54 million stake in the miner.One of the Largest Bitcoin Mining Companies Allegedly Faces Financial Crisis Orderbook: Place Your Crypto OrdersFee: Finally, with investment in Web3 down significantly so far this fiscal year in the wake of various crypto scandals and collapses, how does the industry regain momentum? Ethereum scaling startup Optimism has published the first release of “fault-proof system alpha.”

Have an opinion on this story? Share it!