Nexo – Risky & Lack of Proof of Reserve Proof of reserve Transparency UI and ease of use Trading feature Nexo Review – Risky & Lack of Proof of Reserve Nexo is a centralized platform for lending and borrowing business. Although the business seems simple, there are many red flags regarding Nexo’s revenue generation method and lack of proof of reserves. Overall, we find Nexo has counter-party risk and suggest CoinSutra readers use other alternatives which are decentralized and less risky such as Aave and others. Pros Easy-to-use platform Outstanding features Cons Lack of proof of reserves Lack of…
Author: Crypto Flexs
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The recent +530% price surge of AIOZ, the native cryptocurrency of the AIOZ network, has caught the attention of both the cryptocurrency community and cryptocurrency investors. This remarkable increase in value is due to a series of significant developments and achievements within the AIOZ network.Reached 20,000 nodes: AIOZ Network recently announced that its network has reached an important milestone of 20,000 nodes. This is a significant achievement compared to other blockchains such as Bitcoin, which at the time of this writing had less than 10,000 reachable nodes. An increase in the number of nodes can indicate robust network health and…
wake up A Python-based Solidity development and testing framework with a built-in vulnerability detector. Used for auditing. Aki Blockchain It is now open source and anyone can use it for free. Security experts are on high alert because history has shown that as market activity increases, so does the risk of hacking. Open source tools like Wake allow application builders to quickly and thoroughly check their code for vulnerabilities. Battlefield-proven auditing tool goes open source. Aki BlockchainOur team of smart contract auditors and community tool creators introduces: wake upA Python-based development and testing framework for Solidity and cross-chain fuzzing with…
Former BitMEX CEO Arthur Hayes analyzed Binance’s $4.3 billion settlement.Former BitMEX CEO Arthur Hayes recently examined the $4.3 billion settlement paid by Binance, saying the exchange’s global success challenged the financial and political status quo, resulting in one of the largest corporate fines in history.rainInance’s explosive growth has led to regulatory scrutiny.Hayes highlighted Binance’s rapid growth, making it the largest cryptocurrency exchange in the world within six years. The exchange’s success outside of traditional financial structures led to regulatory action against its founder, Changpeng “CZ” Zhao.Binance’s role in shaking up the financial environmentBinance disrupted the traditional financial landscape by allowing…
Read Part 1 here: Slumdog billionaire: Incredible rags-to-riches tale of Polygon’s Sandeep NailwalGrowing up in poverty in a Delhi ghetto with an alcoholic father and an illiterate mother, Sandeep Nailwal has always had a fire in his belly to achieve something better. He wants to go big or go home — middling success is not an option. “I am not doing something small,” he tells Magazine. “Okay, we build some network, and it has a token. It does well for one cycle and then fades into the dawn, and I make a few million dollars for myself and retire or…
November 27th Bitfinex Alpha | Bitcoin supply remains flat despite rising demand pressure Post time: 13:21h On Bitfinex Alpha Maria Lobusova This week Bitfinex AlphaWe analyze a variety of metrics that show that we continue to see great confidence among Bitcoin holders to hold their positions, even as the price continues to hit new highs this year. An unprecedented 13.65 million bitcoins, roughly 70% of total circulating supply, have not been traded or moved in over a year, a new all-time high. Additionally, the number of BTC that has not moved in over two years now stands at approximately 11.2…
Vitalik Buterin, the founder of Ethereum, presents a compelling story of technological optimism in his latest article. He begins by acknowledging the impact of Marc Andreessen’s “Manifesto of Technological Optimism” and the debate it sparked among thought leaders. Buterin’s views are warm and nuanced, recognizing the importance of the direction of technological development, while also believing in a bright future with innovative technologies. He criticizes the ideology of stagnation, which fears technological progress and prefers to preserve the current state of the world. Instead, Buterin argues for a balance that prioritizes certain types of technologies that can mitigate the negative…
Cathie Wood’s Ark Invest sold more Coinbase shares on Monday, selling 43,956 COIN ($5.3 million) as the value of the cryptocurrency exchange’s stock reached its highest level in 18 months.Ark also purchased 143,063 shares of Robinhood stock worth about $1.2 million for the Ark Fintech Innovation ETF. This is in addition to the 93,297 shares, or $780,000, of Robinhood stock that Ark added to its ARK Next Generation internet fund on Friday.Coinbase shares are currently trading at $120.69 in pre-market trading, up more than 50% this month and 228% year-to-date, reaching their highest level since April 2022, according to TradingView.…
Ethereum insider Steven Nerayoff has fulfilled his promise to the cryptocurrency community by releasing a three-hour recording of a private conversation between him and founder Vitalik Buterin. The revelation sparked a series of discussions in the cryptocurrency community as the recordings revealed flaws in ETH’s development and undisclosed aspects of the process. recording details Former Ethereum advisor Steven Nerayoff said: The recording was released in 2015. Between him and Ethereum founder Vitalik Buterin. conversation between Neraoff As the Ethereum founder sought Nerayoff’s insights on several development processes and issues, Buterin demonstrated the deep connection between them. Ethereum Blockchain Before release.…
According to textbook bullish indicators, Yearn Finance’s governance token YFI is gearing up for an all-time high. This pattern, called the “Ascending Triangle,” predicts YFI/USD just below $44,000. This is the highest record achieved in mid-September following the pair’s supersonic bull run. We expect YFI/USD to maintain support near the uptrend line, testing the horizontal base level as resistance. Later, the pattern predicts that the pair will attempt a breakout above the resistance line. Yearn Finance Ascending Triangle pattern (in black). Source: YFIUSD on TradingView.com In retrospect, an ascending triangle is a continuation pattern that appears in the middle of…