ISDA asks FX market whether definitions and docs should change - cyptoranking.com

2024-05-09

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Friend.tech, a flagship SocialFi application, enables users to buy access keys for private chat rooms connected to specific X profiles’ personalities. These keys increase exponentially in price as more are purchased based on a bonding curve. When a key is resold via the secondary market, Friend.tech and the tokenized profile’s owner each receive a 5% residual. The platform has been lucrative for some — with daily revenues currently in the hundreds of thousands. Holo (HOT) Approaches End of Bullish Pattern ISDA asks FX market whether definitions and docs should changeIn response, 3Commas said it has modified its password reset process. The platform claims to have now instituted a policy where all API connections are disabled following a password reset — intended to act as an added security layer. Price activity is nearest the 100-bar MA (4-hourly) at 27157.47 and the 50-bar MA (Hourly) at 27706.93.

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DATEPRICEMay 31, 2020(Polygon’s Mainnet Launch)$0.02052June 5, 2020 (Listing on Binance US)$0.0207 January 31, 2022 (Matic Network foundation nodes shutdown)$0.03828Dec 28, 2021 (MATIC’s All-time High)$2.72June 19, 2021$0.3466Nov 6, 2022$1.14 In 2021, venture capital interest in the crypto market was at its peak. However, with the bear market generating huge losses in 2022, VCs have been scared off. Beginners guide to Coinbase Pro ...Source: Sam Cooling x XreschA vulnerability in the popular decentralized finance (DeFi) protocol Curve Finance has caused funds to be drained from a number of the protocol’s liquidity pools, while roughly $100 million remains at risk.In a tweet from Sunday, the Curve team said that “a number” of its pools that uses version 0.2.15 of the Vyper programming language have been exploited due to “a malfunctioning reentrancy lock.”“We are assessing the situation and will update the community as things develop,” the team added.In a follow-up tweet on Monday, the Curve team listed all pools that have been hacked so far as result of the vulnerability.It also warned users to withdraw all funds held in the Arbitrum Tricrypto pool, which holds USDT, WBTC and ETH tokens.As of now, as much as $100 million worth of crypto remains at risk in the mentioned Curve pools, representing a significant risk for the entire protocol’s reputation.Curve Finance, which is a decentralized exchange (DEX) for stablecoins that uses the automated market maker (AMM) model to manage liquidity, has traditionally been seen as one of the most solid projects in crypto.CRV token plummetsFollowing the recent events, however, the price of Curve Finance’s native CRV token has plummeted in the market.As of press time on Monday, the token was down 12% for the past 24 hours alone, and down more than 15% for the past 7 days.Over the past 12 months, the CRV token has lost more than half of its value, while other major cryptoassts like Bitcoin (BTC) and Ether (ETH) have risen in price.CRV token price past 30 days. Source: CoinGeckoThe vulnerability pointed to by Curve is the same type of vulnerability as DeFi protocols Era Lend and Conic Finance said was responsible for draining funds from them last week.Already, a white hat hacker has recovered 2,870 ETH, worth around $5.4 million, to Curve Finance following the recent hacking incidents.More Russian Banks Say They’ll Join Digital Ruble Pilot – CBDC Advances? Source: ShutterstockBinance Labs, the venture arm of Binance, injected $10 million into Helio Protocol on August 11th. This investment supports Helio Protocol's ongoing shift towards becoming a liquid staking platform. The substantial funding from Binance Labs highlights Helio Protocol's promising potential and underscores the rising importance of liquid staking within decentralized finance (DeFi).A spokesperson from Binance Labs elaborated on their enthusiastic perspective concerning liquid staking. They highlighted the notable surge in total value locked (TVL) within "LSDfi protocols," emphasizing the rapid growth potential of these protocols. These protocols introduce additional use cases for liquid staking tokens, which could significantly accelerate the expansion of liquid staking. This expansion can propel staking participation, ultimately leading to unprecedented capital efficiency.However, according to Binance Half-Year Report published in July, it noted that Liquid staking, although it has emerged as the largest DeFi category in terms of TVL, there are things to be wary of, including smart contract vulnerabilities, slashing risks and price fluctuations.Binance's report in July revealed that liquid staking overtook DEXs in TVL supremacy by April 2023. Initially, market concentration focused on key protocols, but Binance predicted diversification as more projects entered this sphere soon.Though liquid staking is gaining popularity, users must remain cautious. "When engaging in liquid staking, users interact with additional smart contract layers, which exposes them to potential bugs. Thorough research by users is crucial."Futhermore, Binance warned that fluctuations in market prices might cause mismatches between the Liquid Staking Token (LST) and underlying tokens, often due to smart contract complications.The Liquid Staking Revolution: Helio's Strategic Pivot towards DeFi TransformationLiquid staking stands as the DeFi sector's imminent game-changer. It is a decentralized finance subset, allowing users to earn yield while retaining token liquidity. It involves staking tokens to gain different representative tokens – liquid staking tokens (LSTs) – which find use within DeFi.The biggest staking platform on Ethereum is Lido Finance. It offers users Staked Ethereum (stETH) when they deposit their ETH with the protocol.Binance Labs expressed optimism about liquid staking, also known as liquid staking derivative finance or "LSDfi protocols." A Binance Labs spokesperson said via email, "LSDfi protocols have created new opportunities for yield-seeking LST holders. They have gained significant Total Value Locked (TVL) growth recently. By expanding the use cases for liquid staking tokens, LSDfi could accelerate liquid staking growth by encouraging more staking for higher capital efficiency."Helio Protocol ranks thirteenth in DeFi on the BNB Chain, boasting 11,000 HAY holders and $300 million in TVL. Backed by Binance Labs and focusing on liquid staking innovation, Helio aims for a significant DeFi presence. The Binance Labs spokesperson stated, "Helio aims to launch on Ethereum, followed by major L2 networks such as Arbitrum and Zksync."Helio Protocol's recent actions in this realm have been truly transformative. Following its merger with Synclub, Helio revamped its BNB deposits. These deposits now seamlessly convert into a variety of LSTs like AnkrBNB (ANKR), snBNB (Synclub), BNBx (Stader), and stkBNB (Pstake). This innovation enables users to withdraw any LST of their choice, thereby enhancing liquidity and the usability of their staked assets.Coinbase's Blockchain Gambit: A Solution to Six Consecutive Quarters of Losses?

Ripple's Offensive Strategy: Ripple has not only relied on defense. The corporation has gone on the offensive, submitting Freedom of Information Act (FOIA) requests to seek internal records and communications from the SEC. Ripple has investigated whether the SEC was clear about XRP's regulatory status. The first blockchain developed by Binance is called the Binance Chain. But since Binance Chain encountered programmability limitations, Binance Smart Chain was designed. As the public showed increased interest in alternative financial solutions, BSC was born. How to sell dogecoin in Nigeria-Breet AppGwei, short for gigawei, refers to the denomination used to calculate gas fees on the Ethereum network. One gwei is equal to 0.000000001 ETH. A New York district court should not treat digital assets "as somehow special," an association made up of securities regulators argued in a case involving a U.S. regulator and Coinbase.

Bitstamp Exchange has announced resumption of XRP trading after it revealed earlier that it suffered a temporary issue with the trading of the coin. Is Bitcoin the Solution to PayPal’s Discrimination? Can I buy Usdt with PayPal?Imagine you wanted to have the Bitcoin network enforce the rules of a chess game, for instance. If a given move requires an on-chain transaction (e.g., to resolve a dispute over its legality), then the players become subject to Bitcoin network’s 10-minute average block confirmation time. DePIN, short for decentralized physical infrastructure networks, is designed so that contributors can build out decentralized infrastructure for any individual or company to use in return for financial compensation.

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