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2024-05-04

Popular crypto exchanges(2023 Update) 2024-05-04
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Further Considerations Texas miner Riot Platforms racked up $31.7 million in power and demand response credits from the state’s electricity operator in August. Simple Bitcoin WalletLearning from Past Incidents Market Division and Specialization

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What is Blockchain? Everything You Need To KnowBasics of BTC Mining: How to Mine Bitcoin?What is Distributed Ledger Technology (DLT)? How Does Consensus Algorithm Work in Blockchain Network?A Beginner’s Overview of 8 Blockchain Consensus Mechanisms "Even if ETH is deemed a “commodity” the DeFi projects built on TOP of ETH are subject to regulatory scrutiny. If DeFi usage drops in response to regulation, then the EIP-1559 Ultrasound money narrative suffers due to lower usage. The terminal value of ETH is greatly affected by the future of its issuance rate flipping from net burn to net issuance," Magadini added. How to invest in Bitcoin for beginners?For now, the market watches and waits, with many hoping for a return to bullish sentiment soon. Image Source: PixabayDecentralized exchange (DEX) Pond0x has reportedly achieved a total trading volume exceeding $100 million despite scam allegations.In a recent post on X (formerly Twitter), the project's official channel referred to a Dune dashboard that displayed over $111 million in all-time trading volume as of September 29.As of now, the dashboard shows a total trading volume of $112.4 million. Pond0x's latest milestone comes despite concerns and allegations of scams surrounding the launch of the exchange's native token, PNDX.The controversy began when the project launched the PNDX token on July 28. Critics accused the project, led by founder Jeremy Cahen (also known as "Pauly"), of being a rug pull or exit scam. The concerns centered around the unconventional manner in which Cahen launched the coin. In a post on X (formerly Twitter), Cahen shared the URL to an app that allowed users to deposit a fixed amount of Ethereum (ETH) in exchange for a fixed amount of PNDX. He also provided the contract address for the token.In response, some investors purchased the coin on Uniswap using its contract address, while others deposited ETH into the app to receive PNDX. Investors Lose $2M in PNDXThe price of PNDX on Uniswap quickly surpassed the value of the ETH required to mint PNDX, prompting minters to sell their coins on the market for a profit. Critics argued that this process transferred over $2 million 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 without any means of reclaiming the funds, leading to allegations that the project was designed to drain funds from investors and benefit Cahen.Furthermore, coding experts raised concerns about the token's lack of a normal transfer function.Instead of limiting token transfers to the owner, PNDX allowed anyone to transfer tokens. This meant that PNDX owners were at risk of losing their tokens at any moment, as any programmer could "steal" their PNDX using developer tools. On July 29, Solidity enthusiast and blogger Sm-stack claimed to have conducted a test in Foundry that proved this vulnerability.Despite these issues, Pond0x continues to attract a significant number of supporters on Twitter, with some expressing positive sentiments about the project.For one, crypto trader and blogger Antony Williams, who claimed to have examined the smart contract code of the app, stated that Pond0x is fundamentally an LP Farm and not a complete scam. The app assigns each user an ID, which determines their share of a pool of Pepe tokens. Users can increase their Pepe rewards by calling the "BribeforLevelUp" function, requiring a deposit of 0.26 ETH. This ETH is used to purchase Pepe tokens, which are then added to the pool for rewards. The exchange also assigns a "Score" to each user, representing their potential rewards from trading fees.Williams noted that these rewards may not be immediately claimable, but he believes the developer likely intends to distribute them in the future. He also suggested that the PNDX token itself is essentially valueless, possibly created in this manner to avoid legal complications.Base Network Outstrips Solana's TVL as Summer Lull Draws to a Close

💰 In former FTX CTO Gary Wang’s bombshell testimony, he revealed that Alameda had a $65 billion line of credit on FTX. @brianeklein and Sam Enzer explain why that number is a “devastating” fact for the defense.🔊Full episode: https://t.co/DGrLC50h66 pic.twitter.com/KNM6Zkqbva Cutbacks at Yuga Labs 9 Exchanges to Buy Crypto & Bitcoin in South Africa (2023)Anyone can look at the code of a DAO and that includes malicious actors. Attackers can observe how the code works and attack vulnerable areas. Additionally, if attackers study the code, they could launch reverse-engineer-attacks and even test the code before deploying it. Although these companies have started developing blockchain games, CoinGecko noted Krafton as the trailblazer. According to CoinGeko’s report, Krafton is set to soft launch its blockchain game in December 2023, ahead of a full release between January and July 2024.

By applying the principles of the Wyckoff pattern, the analyst stated that the stock market was at the stage of Mark-up/Profit Release. As such, it was due for a spike that could make BTC reach $40,000. Meta CEO Mark Zuckerberg and AI researcher Lex Fridman today showed off what Meta’s metaverse tech can really do, using ultra-realistic "codec avatars" developed by the company’s Reality Labs. How do I get started with Cryptocurrency with PayPal?Prime Trust filed for bankruptcy and its CEO admitted to losing $8 million in the Terra LUNA pyramid scheme. The Gucci Ancora experience in Roblox. Image: Gucci

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