Threat of Nested Exchanges and What Binance Is Doing to Combat Them
Nested exchanges are becoming a popular tool for money launderers. Learn all about nested exchanges/services and what we’re doing to combat them as well as how to avoid them and why accounts get blocked or frozen because of them.
90% of all bitcoins have already been mined.
According to data from the Clark Moody Bitcoin Dashboard, over 90% of 21 million bitcoins that will ever exist have already been mined. As the monetary network advances in awareness and usage worldwide, fueling an increased demand for BTC, a sudden and robust supply shock might become inevitable. Bitcoin has a cap on its supply, and only 21 million bitcoins will ever exist. This way, bitcoin will continue to remain anti-inflation, unlike fiat currencies.
Top 5 Most Popular dApps on the Avalanche Network
Avalanche is one of the most popular blockchains for Dapps and DeFi platforms. With a market cap of over $21.7 billion, it ranks as the 12th largest cryptocurrency on the market. This article looks at the top five most popular Dapps on the Avalanche network, ordered by 30-day user count, lowest to highest.
Cobidex: A community-owned crypto derivatives exchange
Crypto derivatives currently account for almost 54% of all crypto trading activities in the market. This number is set to increase with the growth of perpetual crypto markets. Perpetuals offer traders more opportunities for higher leverage in comparison with spot comparables.
Top 5 Trending Cryptocurrencies on CoinMarketCap (December 13th)
With the global crypto market cap hovering at $2.2 trillion, there’s no shortage of new projects that are blowing up with popularity. As one of the most popular platforms for finding new cryptocurrencies, CoinMarketCap makes for a great outlet to find up and coming projects. This article lists the top five most trending coins on CoinMarketCap today, December 13th.
Solana co-founder believes NFTs will eradicate ‘external poison marketplaces’
The mania around Non-Fungible Tokens (NFT) has only seen a whirlwind spike over the past year, with sales crossing $12.7 billion. Such sales figures have made it the best-performing cryptocurrency sector. In fact, over 73,000 NFT sales worth a whopping $271.5 million have been made in just the past week alone. With an added boost from metaverse activity and celebrity indulgence, the booming NFT market is being supported by an array of different blockchain platforms hosting these tokens.
Ascendex Hacked — Exchange Loses $77 Million in ERC20, BSC, Polygon Tokens
Ascendex, a cryptocurrency exchange, suffered a security breach that allowed hackers to take control of some of the wallets of the exchange. The attack focused on hot wallets, where funds are kept as a buffer to tend to customers’ withdrawals. The company announced that it would reimburse these funds to any affected user. Peckshield, a security and auditing company estimated losses of around $77 million.