How to trade crypto for dummies? - cyptoranking.com

2024-05-04

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

An image circulated by the Polícia Civil de Santa Catarina showing the law enforcement agencies and government organs involved in Operation Blockchain. (Source: Polícia Civil de Santa Catarina) "There are 8 billion people on the planet. Only 100 million people have a [crypto] wallet or use the blockchain—around 1% of the population”, shared Ethan Pierse, co-founder of NFT Factory in Paris. How to trade crypto for dummies?Source: BTCUSD on TradingView.com Fees – Fees should be taken into account when trading because they can cancel out any possible gains. You may wish to avoid arbitrage disparities below 0.30% (e.g., Kraken fees range from 0.1% to 0.26%).

Exchange Rankings Crypto
Image: cyptoranking.com

(Sandali Handagama contributed reporting.)Top FTX Victim Points at Influencers' Roles as SBF Faces Trial Source: AdobeStock / REDPIXELDecentralized social network Friend.tech has generated over $1 million in fees within just 24 hours of its release, outperforming well-established players like Uniswap and the Bitcoin (BTC) network.According to data from crypto data aggregator DefiLlama, Friend.tech has generated $1.12 million in fees within a single day, and a total of $2.8 million since its inception. As of now, the platform has accumulated $818,620 in total project revenue, facilitating over 650,000 transactions on the social platform with more than 60,000 distinct traders. 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.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. This feature enables individuals who acquire someone else's share to communicate privately with each other. 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's Huge Success Sparks ConcernsThe massive success of Friend.tech has sparked discussions about its revenue model, risks, and future potential. Ignas, a pseudonymous DeFi researcher, has pointed out that the platform's current business model relies solely on trading fees and does not consider the number of shareholders involved. Additionally, he raised concerns that controversial personalities might exploit the system to earn higher fees or even use fear, uncertainty, and doubt (FUD) as a strategy. "So controversial personalities might earn more or even creating FUD will be used as a strategy to earn fees," the user said. Lux Moreau, the founder of Talk.Markets, also emphasized that the increasing prices of shares may lead to the formation of smaller groups or alternative group creations within the platform."As shares get sold, the prices also significantly increase. For example, the 500th member pays around 15.6Ξ, the 250th member pays 3.9Ξ, and the 100th member pays 0.625Ξ," the crypto veteran said in a tweet last week. More worryingly, Twitter user Spot On Chain has noted that Friend.Tech’s API can be used to extract sensitive data from the platform, like showing the wallets created by the users. Soon after the tweet, a core developer for Yearn Finance, published a list of 101,000+ users with their wallet address and Twitter username. Additionally, the developer claims that every user on the platform had (unknowingly) given Friends.Tech permission to post on their behalf on Twitter.DeFi Lender Exactly Protocol Exploited For $12 Million Philippine Digital Asset Exchange user numbers skyrocketCBDCs, for instance, could simplify the introduction to tokenized assets and borderless money, argued Credix Finance founder and CEO Thomas Bohner. The defense lawyers argued that SBF is a math nerd who overlooked risk management but did not steal from customers. However, prosecutors said the entire FTX empire was "built on lies."

Since then, Bitstamp has been rolling out several XRP-focused products to serve its users. One of these products, as reported earlier, is the 2% APY on XRP lending, launched in August. Over time, the exchange has increased the XRP lending yield to 30 days to serve its customers better.Bitcoin Exchange Binance Announced That It Listed This Altcoin! *This is not investment advice.Archax Introduces Crypto/ MMF Trading Pairs Santander UK limits crypto transactions for its customersThe SEC's Allegations in Context “The fact that by far the larger portion of crypto investments in the UAE is for institutional and professional sized transactions, indicates an eagerness from organisations and high-net-worth individuals to add cryptocurrency to their investment portfolios,” Kim Grauer, Chainalyis’ director of research, said in a statement.

According to a report by DappRadar, of the $297 million invested, the majority of these funds are being funneled into gaming infrastructure. A large memory with intermediate values is stored during a hashing function. The first input data is hashed with the Keccak-1600 hashing function, resulting in 200 bytes of randomly generated data. How To Access WazirX From Binance Exchange-Part VI-Bitcoin & Crypto GuideDappicom, a non-profit open-source project, is hoping to appeal to the retro gaming community, beyond crypto natives, by allowing players to prove in-game milestones without necessarily revealing how they did so. However, implementing this proposal required sacrificing a significant portion of liquidity pool tokens. Investors initially panicked, resulting in a 4% price drop in just hours.

Have an opinion on this story? Share it!