Dogecoin price breaks record-high AGAIN as Gemini and eToro adopt DOGE meme coin - cyptoranking.com

2024-04-25

Popular crypto exchanges(2023 Update) 2024-04-25
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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? Get ready to ignite your gaming spirit as an array of thrilling features awaits you in Torque Drift 2! Dive into the customization garage, snap some cool shots in the photo booth or explore an extensive collection of cars and parts. But hold tight, because this is merely an appetizer. On the horizon, we see an ambitious roadmap laden with multiplayer challenges, exhilarating drift battles, and much more. Dogecoin price breaks record-high AGAIN as Gemini and eToro adopt DOGE meme coinInnovation within the bitcoin ecosystem is a positive and necessary force. It’s something that the community should actively foster through careful and constructive discussions and debates. We cannot advocate for adoption while simultaneously closing ourselves off to fresh solutions. Nevertheless, it is vital to maintain a critical perspective when considering the potential long-term impacts of any changes on the network, all while staying grounded in the realities of the current state of the network. This season, Paris Fashion Week is taking on a new virtual dimension. Along with attending the event’s physical shows and presentations, guests can now try digital versions of designer looks via augmented reality (AR) kiosks at the Sphere showroom in the city’s Palais de Tokyo.

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He revealed to the jury that he and Bankman-Fried engaged in financial crimes and deceitful practices that ultimately led to the collapse of the cryptocurrency trading platform. The decentralized finance (DeFi) landscape has been riddled with vulnerabilities, and the recent Multichain hack has added another dark chapter to its history. Fantom, a high-performance, scalable and secure smart contract platform, has been hit hard after its colossal $1.5 billion exploit, raising questions about its future viability. I moved my crypto from Coinbase Wallet to a USB-like ...Ripple’s price has shown a bullish trend in recent weeks, gradually increasing towards a key resistance level. However, there is a possibility of another crash if the price fails to break above this area. One reason for lower costs is increased usage of layer 2 scaling solutions like Optimism and Arbitrum, which reduce congestion on the main Ethereum chain by processing transactions off-chain.

DLCs are a type of smart contract for Bitcoin that allows two parties to create bets or derivatives without requiring a trusted third party. Luxor’s chief operating officer Ethan Vera said the establishment of Volcano Energy and the start of local Bitcoin mining will contribute to Bitcoin’s ethos of geographical decentralization. Crypto derivatives exchange Deribit releases new client verification of...So far, 52 of the 97 proposals have received a majority of votes in their favor, per Inspex. Dopex and Silo Finance led the way in early returns, with both proposals receiving around 24 million ARB token votes. So-called “risk-free” investments still end up netting the cautious investor near-zero profits because “inflation chews up what you make,” Yusko says.

Driven by the high hopes for the coming of a new paradigm, P2E games have earned the spotlight since 2022. However, the P2E idea is fresh and still under development, it has yet to navigate many challenges. Based on research, leading game studios like Take-Two interactive and Square Enix have begun discovering the GameFi space. Interestingly, the new dominating pool is owned by the leading ASIC manufacturer BitMain, both located in China. ASICs are the special machines used to efficiently mine Bitcoin — and the more efficient ASICs connected to the network a miner has, the higher their chances of finding a valid block and collecting the reward. 10 Best Crypto Exchanges to Use in May 2023ERC-20 is the name of a set of standard requirements for those who want to issue a new token on the Ethereum blockchain. ERC stands for “Ethereum Request for Comments.” Read more: Crypto Hedge Funds: What Are They and How Do They Work?

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