#OKcoin

[usa-journal]

Changpeng Zhao

Changpeng “CZ” Zhao is the Founder and Chief Executive Officer of Binance, the largest cryptocurrency exchange in the world by volume. Prior to Binance, he developed futures trading software for Bloomberg Tradebook. In 2005, he founded a trading system for brokers known as Fusion Systems, and in 2013 he briefly served as Chief Technology Officer for OKCoin. In 2015 he created BijieTech, which provided cloud-based trading technology to several Asian exchanges; and two years later, when he founded Binance, he filled many of the senior positions with BijieTech senior developers and engineers.

In 2021, Binance saw its share of spot-market crypto trading volumes increase to 69%, up from 49% the previous year, and earned an estimated $14.6 billion in trading fees. As of April 5, 2022, Zhao is the 19th richest person in the world, with a net worth of $65 billion. In a November 2021 interview, he said he plans to donate up to 99% of his wealth. He majored in Computer Science at McGill University.

[kkyshaunn]

ballin like okc shout out my state tho

[jrobertharris]

J.Robert Harris: A Leader in Financial Excellence

J.Robert Harris: A Leader in Financial Excellence

Born on May 12, 1978, in the bustling financial hub of Charlotte, J. Robert Harris has carved out a remarkable career in the world of finance, blending precision, calm, and an unyielding passion for numbers. Currently residing in New York, Robert’s journey is a testament to relentless ambition and intellectual prowess.

A proud graduate of the prestigious University of Cambridge, where he earned dual bachelor’s degrees in Economics and Philosophy, Robert further honed his expertise at the London Business School, obtaining an MBA and the esteemed Albert A. Snider Memorial Fellowship. His academic accolades underscore a foundation of excellence in leadership and management.

Robert’s professional voyage began at McKinsey & Company in 2011, where he delivered strategic and commercial insights to a diverse clientele. This role set the stage for his tenure in the City of London as a hedge fund analyst, a period during which he forged lasting relationships with some of the industry’s top traders.

In 2015, Robert pivoted towards the burgeoning field of blockchain technology. His investments in pioneering ventures such as Blockchain, OKCoin, and Tezos yielded exponential returns, with profits surpassing a hundredfold by 2018. His foresight and acumen in this volatile market cemented his reputation as a forward-thinking financier.

From July 2018 to November 2020, Robert co-founded a fund company in Northern Ireland with a long-time friend, taking on the roles of President and Chief Hedge Fund Manager. This venture further showcased his strategic leadership and deep industry connections, bolstered by his time in the City of London.

Beyond the boardroom, Robert is a man of refined tastes and interests. An avid chess player and a dedicated vegan, he also enjoys the tranquil greens of the golf course. His lifestyle mirrors his professional demeanor — meticulous, thoughtful, and driven by a profound curiosity.

As the Dean of Monarch Capital, Robert brings a wealth of knowledge and a network of influential connections. His ability to navigate and thrive in the complex landscape of modern finance makes him a compelling figure and a beacon of inspiration for aspiring financial professionals.

In an industry often characterized by volatility and uncertainty, J. Robert Robert stands as a paragon of stability, intellect, and strategic brilliance.

[johnalexbarry]

crypto

Gemini: New users can earn a flat $15 bonus in BTC after completing $100 of trading activity within their first 30 days. Alternatively, they can opt for up to 25% trading fee revenue share for higher trading volumes1.

Coinbase: Win a bonus ranging from $3 to $200 after making a cryptocurrency purchase on Coinbase.

Okcoin: Get $50 in BTC after making a trade of $100 or more.

Crypto.com: Lock up CRO tokens on the exchange to receive up to $50 in CRO.

TradeStation: Earn $50 in BTC by funding an account with $500.

M2: Receive up to 260 USDT in trading fee coupons.

Strike: Open an account and make a $1 deposit to get $5 in USD.

eToro: Purchase $100 worth of crypto to receive $10 in cash.

Lolli: Make a qualifying purchase to earn $5 in BTC.

iTrustCapital: Open a new IRA account and deposit at least $1,000 to receive $100.

Choice IRA: Open an IRA (minimum funding of $1) to get $50 in BTC.

Remember that some of these offers are based on referral codes, where both parties earn the bonus. Others are affiliate links, where the platform may earn a commission if you sign up1. Happy crypto exploring! 🚀🌟

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[coinatory]

OKX Launches Crypto Exchange and Wallet in the Netherlands

OKX, one of the leading centralized exchanges (CEX) by trading volume, has announced the launch of its CEX and a Web3 wallet in the Netherlands. On June 3, the exchange shared on X that it will support over 150 cryptocurrencies and 60 crypto-euro trading pairs. The rebranding from Okcoin Europe Ltd. to OKX, effective April 10, marks a significant transformation for the company. In its announcement, OKX revealed a partnership with the local online payments company iDEAL, facilitating seamless deposits and withdrawals for Dutch users. Additionally, users can leverage the Single Euro Payments Area (SEPA) for free euro deposits and withdrawals. Complementing the CEX platform, OKX has introduced a self-custodial Web3 wallet, known as OKX Wallet, tailored for its Dutch clientele. Erald Ghoos, General Manager of OKX Europe,

source

[akshayvarma1]

Creative Business School's Founder Akshay Varma: Navigating the Surge in BTC - Strategies for 2024

In a financial landscape where cryptocurrency increasingly asserts its dominance, Akshay Varma, the founder of Creative Business School, provides critical insights into the recent surge in Bitcoin (BTC) prices. Established in 2023, the Creative Business School in India offers comprehensive education in investment, finance, and market analysis to entrepreneurs and investors at various stages of their careers. With a curriculum encompassing stock courses, entrepreneurial investment, blockchain technology, and business model analysis, the institute stands at the forefront of financial education.

The Market Context: BTC's Surging Prices

The world of cryptocurrency has witnessed a notable event: the price of Bitcoin has broken through the $45,000 mark, currently standing at $45,044.09, with a 6.02% increase over the last 24 hours. This significant movement in the crypto market presents both an opportunity and a challenge for investors and financial strategists. Akshay Varma, with his rich background in economics, philosophy from the University of Cambridge, and an MBA from Stanford Business School, where he was awarded the Albert A. Snyder Memorial Scholarship for his outstanding leadership and management skills, sheds light on this phenomenon from a professional analyst’s perspective.

Opening Analysis: Understanding the Bitcoin Surge

Varma, who has a distinguished career that includes a stint as a consultant at McKinsey & Company, a hedge fund analyst in the City of London, and a successful foray into investing in blockchain companies such as Blockchain, OKCoin, and Tezos, brings a wealth of experience to his analysis. His successful investment strategies yielded over a hundredfold return by 2018, demonstrating his keen understanding of the market dynamics.

In examining the recent surge in Bitcoin's price, Varma notes that this movement is not an isolated event but a part of a broader trend in the financial markets, reflecting increased investor confidence and interest in cryptocurrency as a viable asset class. He attributes this surge to several factors, including institutional adoption, technological advancements in blockchain, and a growing recognition of cryptocurrency as a hedge against inflation and currency devaluation.

The Role of Market Sentiment and Technological Advancements

Varma highlights that market sentiment plays a crucial role in the fluctuation of Bitcoin prices. The increasing acceptance of Bitcoin by mainstream financial entities and its adoption by major companies for transactional purposes have significantly bolstered investor confidence. Furthermore, advancements in blockchain technology, improving transaction efficiency and security, have made Bitcoin an even more attractive investment option.

However, Varma cautions investors about the inherent volatility and unpredictability associated with cryptocurrencies. While acknowledging the potential for significant returns, he emphasizes the need for a balanced and well-researched investment approach, especially in a market as dynamic and rapidly evolving as cryptocurrency.

Conclusion: Strategy and Caution in the Crypto Market

In conclusion, Akshay Varma, with his rich background and current role at the Creative Business School, advises both budding and seasoned investors to approach the cryptocurrency market with a strategy that balances enthusiasm with caution. Understanding market trends, technological advancements, and maintaining a diversified investment portfolio are key to navigating the complexities of the crypto market. Varma's insights not only reflect his deep understanding of the market dynamics but also align with the Creative Business School's commitment to providing cutting-edge financial education that prepares investors to intelligently and effectively engage with modern financial challenges.

[cointahmin]

Japonya’nın önde gelen finansal hizmetler devlerinden SBI Group, kripto varlık platformu SBI VC Trade aracılığıyla Shiba Inu (SHIB) ticaretine başlamayı planladığını duyurdu. Bu ortada, SHIB, Ethereum ve stablecoin’ler hariç 100 ETH balinası ortasında en çok tutulan altcoin.Japonya’nın önde gelen finans devi SHIB’i listesine ekliyorFinans devi SBI Group, bugün kripto ticaretine girişiyle ilgili heyecan verici bir duyuru yaptı. Kümenin kripto varlık borsası işinden sorumlu iştiraki SBI VC Trade, 28 Haziran’dan itibaren Shiba Inu (SHIB) için alım satım hizmetleri sunacağını açıkladı.https://twitter.com/sbivc_official/status/1673955480211947521 Öncelikli olarak müşteri memnuniyetini artıran kapsamlı hizmetler sunmaya odaklanan SBI VC Trade, artan kripto talebini karşılamayı hedefliyor. Şirket, Shiba Inu’nun yanı sıra Dai (DAI) ve Cosmos’u (ATOM) da dahil ederek desteklenen toplam dijital varlık sayısını 20’ye çıkardı. Firma, satış, birikim teklifleri ve borç verme hizmetleri dahil olmak üzere çeşitli hizmetler vermeyi amaçlıyor. Ayrıyeten SBI VC Trade, şirket tarafından belirlenen makul bir eşiği aşan dijital varlıkların depolanması için özel trade seçenekleri sunacak.SBI VC Trade, Shiba Inu’yu Dogecoin’den esinlenen Ethereum tabanlı bir dijital para ünitesi olarak tanıdı. Basın açıklamasında, SHIB kıymetli bir takipçi kitlesi olduğunu belirtti. Ayrıyeten, global olarak önde gelen kripto varlıklarından biri haline geldiğini vurguladı. SBI VC Trade, Shiba Inu için makul ticaret detaylarını özetledi. SHIB için alım satım ünitesi 1.000 token olarak belirlendi ve en az buyruk ölçüsü da birebir pahaya ayarlandı. Yatırımcıların SHIB için azamî 5.000.000.000 ölçüye kadar buyruk vermeleri mümkün. Emirlerde tik boyutu 0,000001 olacak.Altcoin projesi Japonya’da kıymetini artırıyorSBI Group, altcoini platformuna ekleyerek SHIB’nin piyasadaki artan değerini ve potansiyelini kabul ettiğini gösteriyor. SBI VC Trade, SHIB üzere varlıkları dahil ederek müşterilerinin değişen ihtiyaçlarını karşılamayı amaçlıyor. Bu gelişme, Shiba Inu topluluk başkanı Shytoshi Kusama’nın yerini Niseko, Japonya olarak değiştirdiğinin ortaya çıkmasından yaklaşık bir ay sonra gerçekleşti. Bu hareket, destekçiler ortasında spekülasyonları da neden oldu.SBI VC Trade dayanağı, SHIB’in Japonya’da kıymetli bir varlık olarak pozisyonuna daha da güç kattı. Bilhassa, cointahmin.com’dan takip ettiğiniz üzere, OKCoin Japan ve BitFlyer dahil olmak üzere Japonya merkezli birkaç borsa da SHIB’yi listesine ekledi. BitPoint, varlığı listeleyen birinci büyük Japon borsası oldu.Dev ETH balinaları 600 milyon dolar kıymetinde SHIB tutuyorWhaleStats dataları, birinci 100 ETH Balinasının cüzdanlarında 601.204.724 dolar (601,20 milyon dolar) bedelinde 49.621.465.093.470 (49,62 trilyon) SHIB tuttuğunu ortaya koyuyor. Bu da SHIB’yi Ethereum, USD Coin (USDC) ve Tether’in (USDT) akabinde bu yüksek profilli yatırımcılar ortasında en çok tutulan dördüncü altcoin haline getiriyor.Ethereum, şu anda 3.126.300 (3,12 milyon) ETH’ye sahip oldukları için birinci 100 ETH balinası ortasında inkar edilemez bir favori olmaya devam ediyor. Mevcut piyasa fiyatlarına nazaran bu Ethereum zulası 5.134.518.100 dolar (5,13 milyar dolar) kıymetinde. Ethereum aslan hissesine sahip olsa da, bu büyük ETH balinaları portföylerini başka kripto para ünitelerine yaptıkları değerli yatırımlarla çeşitlendiriyorlar. USD Coin, yaklaşık 789.051.954 dolar (789,05 milyon dolar) bedelindeki 788.814.570 (788 milyon) USDC tokenlık toplu cüzdan bakiyesi ile bu en uygun yatırımcıların dikkatini çekiyor. Tether, 706.901.668 dolar (706,90 milyon dolar) pahasında 706.994.142 (706,99 milyon dolar) token tutan birinci 100 ETH balinası ile yakından takip ediyor.Balinaların SHIB’ye olan ilgisi, SHIB baş geliştiricisi Shytoshi Kusama’nın son blog yazısında çok beklenen Shibarium Mainnet’i başlatmaya yönelik son adımı açıklamasının akabinde yine canlandı. Kusama, Shiba Inu grubunun Shibarium Mainnet’in piyasaya sürülmesiyle birlikte “Worldpaper” ile ortaya çıkacağını belirtti.

Shiba Inu’nun Worldpapeının, öbür ögelerin yanı sıra SHIB, BONE, LEASH TREAT ve Shi üzere tokenler de dahil olmak üzere Shiba Inu ekosisteminin çeşitli istikametlerini kapsayan kapsamlı bir doküman olduğu bildiriliyor. Bu kapsamlı kaynak, Shiba Inu ekosistemindeki bu tokenlerin fonksiyonelliği ve potansiyeli hakkında derinlemesine bilgi sağlamayı amaçlıyor.

[tipco613]

New Post has been published on http://cryptonewsuniverse.com/a-glimpse-into-the-world-of-crypto-exchange-revenue-decentralized-exchanges-emerge-including-markethives-latest-vision-it-just-makes-sense/

A Glimpse into the World of Crypto Exchange Revenue Decentralized Exchanges Emerge Including Markethives Latest Vision It just makes sense

A Glimpse into the World of Crypto Exchange Revenue. Decentralized Exchanges Emerge, including Markethive's Latest Vision. It just makes sense. 

The popularity of cryptocurrency exchanges has skyrocketed in recent years, with a massive influx of users globally utilizing these platforms to purchase, sell, and exchange digital assets. The rise of cryptocurrencies has brought about a peculiar phenomenon where centralized exchanges hold a dominant position in various aspects, including profitability, usage, stature, and innovation, with examples such as perpetual swaps, a derivative product pioneered in the crypto space. Meanwhile, decentralized exchanges (DEXs) have introduced innovations like automated market makers (AMMs) to the landscape.

In a previous article, we reviewed how crypto trading exchanges made money and, for the first time, surpassed the traditional stock exchanges in 2021. Now, we’ll outline some of the leading centralized crypto exchanges’ revenue and ponder the emergence of decentralized crypto exchanges, which are imperative for security, legitimacy, and autonomy. 

Centralized Crypto Exchanges

Hundreds of centralized exchanges are out there, with many holding their own catering to specific niches. Below is an overview of five leading centralized crypto exchanges, their fortunes, and misfortunes in their efforts to remain successful and serve the crypto community worldwide.  

Source: Binance 

Binance

Binance has emerged as a leading platform for cryptocurrency trading, with a whopping $7.7 trillion in exchange volume in 2021. Founded in 2017 by Changpeng Zhao, a seasoned industry expert who previously held key roles at Blockchain.info and OKCoin, Binance has solidified its position as a dominant force in the digital asset market.

Initially introduced in Hong Kong, it rapidly gained popularity as one of the premier exchanges. However, it encountered a series of strict regulations, with China issuing a ban on crypto exchanges that led it to relocate its servers and headquarters to Malta. Currently, Binance staff are scattered worldwide and work from home. 

Despite facing scrutiny from regulatory authorities in various countries, Binance has managed to maintain its position as the leading cryptocurrency exchange by volume. The company has been investigated in the US and UK, which has led to several banks prohibiting their customers from transferring funds to Binance. Nevertheless, Binance continues to outperform its rival, Coinbase, which has a more extensive user base but lower trading volumes. Binance ranks #1 on CoinMarketCap.

Binance key statistics

Binance made $20 billion in revenue in 2021, a 263% YoY increase.

Binance has an estimated 28.6 million users as of October 2021.

Binance's annual spot trading for 2021 is already seven times larger than its 2020 value.

Its peak 24-hour trading volume is $76 billion.

Source: Coinpedia

Coinbase

Since its establishment in 2012, Coinbase has been at the forefront of the cryptocurrency industry, holding the position of the largest exchange in the United States regarding trading volume. Currently ranking at #2 on CoinMarketCap, it is primarily recognized as a platform for buying, selling, and storing Bitcoin. Coinbase also provides various options for exchanging different cryptocurrencies and traditional fiat currencies.

Before Bitcoin's meteoric rise, Coinbase seamlessly integrated its payment processing system with prominent platforms such as Stripe, Braintree, and PayPal while also forming partnerships with major merchants, including Dell, Expedia, and Time Inc. This strategic move positioned Coinbase for success in 2017, a year that would prove to be a turning point for both the company and the cryptocurrency market as a whole. In this year, Coinbase expanded its offerings by adding new coins to its exchange and achieved a remarkable revenue milestone of nearly $1 billion.

Coinbase has faced numerous allegations, such as excessively charging customers for transactions and delays in making currencies accessible. Additionally, it was compelled to disclose information to the IRS about traders in the United States who held significant amounts of cryptocurrency. Although Coinbase went public in 2021, its worth has become closely linked to the price of Bitcoin, resulting in a continuous decrease in value throughout 2022.

Coinbase key statistics

Coinbase Global annual revenue in 2022 was $3.194 billion, a 59.25% decline from 2021.

Coinbase has 98 million users worldwide, and nine million people exchange monthly.

Coinbase lost $2.6 billion in 2022, a massive swing for the company, which reported $3 billion in net profit the previous year.

Coinbase global total assets for 2022 were $89.7 billion, a 321.75% increase from 2021.

Source: SignHouse

Kraken

Kraken is among the pioneering cryptocurrency exchanges, with its roots in San Francisco, USA. Founded by Jesse Powell in 2011, the platform aimed to provide a reliable and secure environment for users to trade digital assets. In response to the security breach at Mt. Gox in 2011, Powell saw the need for a robust exchange and launched Kraken publicly in 2013, committed to creating a haven for cryptocurrency enthusiasts.

Kraken ranks #3 on CoinMarketCap and has emerged as the leading crypto exchange in the Eurozone, thanks to its integration with the Bloomberg Terminal and timely involvement in the Mt. Gox saga. Initially, Kraken's growth was fueled by its provision of market data on bitcoin trading, which made it a hit among traders. However, its user base significantly surged when Mt. Gox ceased operations in 2014. As Kraken was chosen to spearhead the search for 650,000 missing Bitcoins and distribute Mt. Gox's assets to creditors, many Mt. Gox creditors opened trading accounts with Kraken, thereby providing the exchange with early liquidity.

Kraken's initial edge as the sole gateway for Euro-based crypto trading has resulted in its position as the leading exchange for Euro trading volume. However, its growth has been outpaced by other exchanges, such as Binance and FTX, which have expanded their offerings and user base faster. Despite being launched later, in 2017 and 2019, respectively, Binance and FTX have now surpassed Kraken in size. This can be attributed to their faster introduction of new features and currencies and their provision of high-risk, high-reward trading options that Kraken does not offer.

Kraken Key Statistics

Kraken is valued at $10.8 billion, a valuation/revenue of 7.4X

Kraken’s 2022 revenue reached a new milestone of $47.11 million.

In 2022, Kraken exceeded 9 million users worldwide.

Kraken's monthly average trading volume in 2022 is $33.1 billion.

Source: Coinmarketcap

HTX (formerly Huobi Global)

HTX, a prominent cryptocurrency trading platform, ranks #15 on CoinMarketCap regarding trading volume. Founded in 2013 by Leon Li and Du Jun, the exchange has recently caught the attention of Justin Sun, Tron's founder, who has taken on an advisory role and is considered a de facto owner. To commemorate its 10th anniversary, Huobi Global rebranded to HTX in September 2023, with the letters "H" and "T" representing Huobi and TRON, respectively, and "X" symbolizing the exchange.

HTX Exchange holds significant influence in Asian markets and was initially established in China. However, due to heightened regulatory measures, HTX decided to move its operations to the Republic of Seychelles. In addition to its physical offices in South Korea, Japan, Hong Kong, and Singapore, HTX also established a presence in the United States in 2018. Unfortunately, this office had to be shut down due to regulatory issues. Following the crackdown in China, HTX experienced a decrease of approximately 30% in its revenue, which further fueled its drive for global expansion.

HTX did not benefit from the recent bear market. In 2020, the platform generated approximately $250 million in quarterly revenue, which increased to $1.25 billion in mid-2021. However, by the end of 2022, HTX's quarterly revenue had decreased by 98% compared to 2021. In 2023, HTX focused on burning its HT token to reduce its circulation supply and potentially raise its value. Additionally, HTX adjusted its burning methods to align with other prominent cryptocurrency exchanges.

HTX Key Statistics

HTX's estimated annual revenue is currently $110.1M.

HTX is handling over $4 billion in daily trading volume.

Total assets are approximately $2.35 billion.

Source: Coingeek

OKX (formerly OKEx)

Since its inception in 2013, OKX has undergone various iterations. Mingxing "Star" Xu established it as the OKCoin.cn Bitcoin exchange in China. Subsequently, an international variant called OKCoin.com was introduced, which continues to operate as a fiat-supporting exchange in select markets. In 2017, OKEx, an all-digital-asset platform, was launched concurrently with the International Digital Asset Exchange (IDAX). Over time, OKX has expanded its presence to encompass the European Union, the United States, and Latin America. The company's headquarters are located in Seychelles.

In 2022, OKEx rebranded and changed its name to 'OKX' to adapt to decentralized services. According to OKX, this change in name and image will guide the company toward a decentralized future where digital assets merge with other innovative experiences. The letter "X" symbolizes the uncharted and yet-to-be-discovered opportunities in the financial and virtual domains. OKX holds the rank #5 on CoinMarketCap

The company has made the strategic decision to enter the emerging world of cryptocurrency and delve into DeFi offerings, NFTs, gaming, and metaverses. This expansion signifies OKX's desire to explore the possibilities within the crypto realm fully and transform it into a comprehensive destination for all types of cryptocurrency enthusiasts.

OKX Key Statistics

OKX’s year-to-date is $50 – $75 million. 

OKX's year-to-date volume is $960.9 billion.

OKX has over 20 million users worldwide in over 100 countries.

Total assets: Nearly $11.8 billion

Decentralized Crypto Exchanges 

Over the past few years, decentralized exchanges (DEXs) have become strong contenders to the conventional centralized exchange (CEX) model. Blockchain technologies like cryptocurrency are based on a philosophy of decentralization. As a result, it is only natural that decentralized exchanges have emerged to challenge the established centralized exchanges. These recent developments have fostered a distinctively unique ecosystem for crypto assets, attracting a growing community of traders and investors.

What makes DEXs unique is that they're peer-to-peer marketplaces that let cryptocurrency traders make direct transactions — without an intermediary managing their funds. Instead, DEXs use smart contracts that self-execute their agreements, and innovative solutions have been devised to solve liquidity-related issues.

Source: IQ.wiki 

The 1inch Network

The 1inch network was introduced in May 2019, while its token, 1INCH, was launched in December 2020 by its founders, Sergej Kunz, and Anton Bukov. Before co-founding 1inch, Kunz was employed full-time as a cybersecurity specialist at Porsche and worked as a senior developer at a price aggregator. Bukov, on the other hand, has experience in software development and has recently been involved in decentralized finance.

The 1inch network uses multiple protocols: Aggregation, Liquidity, and Limit Order Protocol. The synergy of these protocols ensures fast and protected operations in the DeFi space. It unifies numerous decentralized exchanges (DEXs) into a user-friendly platform. This lets users compare and optimize their crypto trades and swaps without navigating multiple exchanges separately. The network's initial protocol, a decentralized exchange aggregator solution, scours various liquidity sources to provide users with the best possible rates, exceeding those offered by any individual exchange.

The 1inch Aggregation Protocol leverages identify the most optimal paths across a vast network of over 300 liquidity sources spread across ten different blockchain platforms, including Ethereum, BNB Chain, Polygon, Avalanche, Optimistic Ethereum, Arbitrum, Fantom, Gnosis Chain, Klaytn, and Aurora. 

Even though the cryptocurrency market was experiencing a downturn and chaos due to the collapse of centralized entities, UST, and a well-known crypto hedge fund, users are still actively trading on the 1inch Network. Despite the market decline, the increase in trading volume on 1inch indicates that users strongly desire to adjust their investment portfolios to withstand the market conditions. 1inch has proven its value to users during a challenging economic environment by consistently growing its trading volumes.

1inch Key Statistics 

Total earnings for 2022-’23: $12.5 million

Total volume 2022-’23: $175.1 million. 

1inch has approximately 4.9 million users, accommodating 54,300 users per day.

1inch’s Market cap is $377.2 million and ranked 110th out of all 8,819 active cryptocurrencies listed on CoinMarketCap.

Source: Ailtra

dYdX

dYdX has established itself as a leading decentralized exchange platform globally, supporting over 35 cryptocurrencies. Founded by Antonio Juliano, a California-based entrepreneur and former Coinbase engineer, in July 2017, the platform provides various services such as trading, lending, and borrowing and initially operated on the Ethereum Layer-1 network. dYdX also introduced its native currency, DYDX, in August 2017.  

The company is widely acclaimed for its cross-margin perpetual trading, making it a comprehensive hub for decentralized financial transactions. As a DEX offering derivatives, dYdX was an early mover, rolling out its first perpetual swap (perp-swap) offering in 2020. Three years later, most DEX trading activity is still on spot-trading venues. The leading exception is dYdX.

The high trading volume on dYdX can be attributed to two significant developments in 2021. Firstly, dYdX migrated from the Ethereum mainnet to utilize layer-2 rollups powered by Starkware, resulting in faster and more affordable transactions. Additionally, introducing the dYdX protocol token boosted the platform. It is a governance token that allows the dYdX community to own and govern the protocol truly, aligning incentives between traders, liquidity providers, and broader stakeholders. These enhancements, known as dYdX v3, have contributed to a substantial increase in trading activity, with the number of listed pairs growing from 3 to over 30.

In June 2022, dYdX v3 was replaced with a new version, the dYdX v4. The dYdX Chain (currently on the public Testnet from Sept. 2023) marks a significant milestone in the company's development as it shifts towards a decentralized, community-driven model. Leveraging the Cosmos SDK, dYdX creates a transparent and trustless central order book exchange governed by validators and stakers. The ratio of fee distribution will be determined by on-chain governance, ensuring that holders of the dYdX token will receive a share of the fee revenues. 

In a move towards true decentralization, dYdX Trading Inc. and other central parties will not have access to trading fees on dYdX V4, as promised by the core team in their January 2022 announcement. It’s interesting to note that considering the recent market downturn, the exchange has seen volume and revenue while focusing on development, which can help the platform grow when the activity returns in the crypto market. dYdX currently sits at #1 of the DEX listings on CoinMarketCap.

dYdX Key Statistics 

dYdX’s semi-annual report states that dYdX’s trading volume has surpassed $230 billion, with a daily volume of $1 billion. The v3 platform recently exceeded $1 trillion in cumulative trading volume.

dYdX has generated $71.1 million in revenue in 2023 to date. 

dYdX’s user base is over 60K, with 1.8K active daily users. 

Successful Crypto Exchanges Have A Community-First Ethos

The backbone of a thriving cryptocurrency exchange lies in its dedicated community. Beyond the utility of its token and the services provided by the exchange, the involvement and support of its community are crucial in fostering the widespread adoption of cryptocurrency. Crypto communities have become instrumental in promoting digital assets and driving mainstream adoption worldwide.

Some projects and exchanges in the industry have taken a community-first stance. This shift has led to the rise of community-driven initiatives, where open communication and shared decision-making are the cornerstones of project development. By placing the reins in the hands of the community, developers can harness the collective power of the crowd, fostering a spirit of collaboration and shared ownership. This emphasis on community building has, in turn, given rise to the creation of social networks explicitly tailored to the needs of the crypto community.

Thomas Prendergast, the founder and CEO of Markethive, firmly believes that community-driven approaches will shape the future of businesses. Markethive, a pioneering social market broadcasting platform built on blockchain technology, is set to launch its cryptocurrency, Hivecoin (HVC), on the crypto market. Moreover, the company offers a unique opportunity to early adopters through its Founders Token, representing the ILP and allowing them to be a part of the emerging Markethive ecosystem and share in its value and revenue.

The Markethive system fosters community engagement and growth by recognizing and rewarding contributors who share a common purpose. By leveraging the collective enthusiasm of like-minded individuals, we can create a self-sustaining ecosystem that benefits its members and extends its impact to the broader communities they are a part of. This approach will have a transformative impact on our professional and social lives and unlock unforeseen opportunities. 

So, the next logical step for Markethive, with all its ducks in a row, is to embark on a project that will complete its ecosystem: a decentralized crypto exchange. 

Image: Markethive.com

Markethive Crypto Exchange: It just makes sense. 

Thomas has a clear vision for Markethive's next venture: a cutting-edge crypto exchange that leverages the platform's unique strengths, including innovative inbound marketing strategies, blogcasting capabilities, dynamic social engagement, and community-driven support. This new endeavor is a natural progression for Markethive, allowing it to expand its reach and provide users with a seamless trading experience that integrates the platform's proven features.

The decentralized crypto exchange will be a separate offshore company collaborating with Markethive that can offer a strategic partnership that includes integrated traffic and a built-in community, gamification, promotional support for new coin listings, press releases, and custom articles to create a dynamic trading platform. The exchange will also provide automated memberships, airdrops, and promo codes to encourage sign-ups, all of which will be supported by a vast and engaged community that can help promote and establish new coins on the exchange, potentially attracting millions of interested users to Markethive.

Markethive's new exchange will significantly benefit all E1s and community members with ILPs as that membership represents revenue, which increases Markethive's revenue. So even if you’re not in an ownership position with Markethive’s new exchange, the exchange is a revenue engine for Markethive and will drive the membership in Markethive into the stratosphere and thereby increase the revenue so it is to everyone’s benefit. It will increase the value of your Hivecoin and produce revenue to fund the ILPs. This fulcrum will send Markethive into another realm, becoming a giant in the crypto exchange industry, and will solidify Markethive's position as a leading ecosystem. 

The emergence of a multi-polar world is evident, with the growing influence of the BRICs and the potential for others to offer similar solutions. This shift presents an opportunity for Markethive to establish itself as a neutral and apolitical platform capable of facilitating cross-border transactions without the constraints of sanctions or political allegiances. By operating offshore, its crypto exchange can enable the seamless exchange of payments from all countries, promoting financial inclusion and accessibility for the benefit of people worldwide.

Markethive offers a refuge from the harmful strategies of authoritarianism, which persist in threatening the stability of nations worldwide. As an alternative economic system, we are committed to promoting individual freedom and autonomy, in contrast to the oppressive and centralized control advocated by fascist and communist ideologies. Our goal is to empower individuals and communities rather than submit to the dictates of a single, all-powerful authority.

Markethive is set to revolutionize the cryptocurrency exchange landscape by inviting its community members to participate in this groundbreaking project. By engaging its community in this innovative endeavor, Markethive aims to offer an unparalleled opportunity for involvement at an unprecedented low cost, promising remarkable rewards. Stay tuned for more updates on this exciting development.

Join us on Sundays at 10 am MST as we reach new heights in revenue-generating integrations. Be a part of the excitement and witness the cutting-edge technology and innovative concepts of Markethive firsthand. Get your questions answered and participate in the conversation as we work together to create the ultimate ecosystem. Don't miss out – join us in the meeting room. The link to this can be found in the Markethive Calendar. We look forward to seeing you there!

This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

    Editor and Chief Markethive: Deb Williams. (Australia) I thrive on progress and champion freedom of speech. I embrace "Change" with a passion, and my purpose in life is to enlighten people to accept and move forward with enthusiasm. Find me at my Markethive Profile Page | My Twitter Account | and my LinkedIn Profile.

[onemediagh]

What is Binance and how it works

Binance is one of the most popular and largest cryptocurrency exchanges in the world. It allows users to buy, sell, trade and earn various cryptocurrencies, such as Bitcoin, Ethereum, Binance Coin and many more. In this article, we will explain what Binance is and how it works. What is Binance? Binance was founded in 2017 by Changpeng Zhao, a former CTO of OKCoin, another cryptocurrency exchange.…

[recentlyheardcom]

Amazon Web Services (AWS) China department is partnering with public blockchain project Qtum. The collaboration sees the on-demand cloud computing large collaborating with a cryptocurrency project with a $325 million market capitalization, making it the 29th biggest cryptocurrency, to create blockchain-as-a-service (BaaS) options for ventures as well as programmers. Exposed solely to CoinDesk, the collaboration will certainly enable AWS individuals to create as well as release wise agreements “rapidly, successfully, as well as cost-effectively” utilizing an Amazon.com Maker Picture ( AMI), according to a news release provided by the Qtum group. Simon Wang, head of region company advancement at AWS China, verified the collaboration, informing CoinDesk in an e-mail: “Qtum is currently an AWS modern technology companion as well as among the companion network participants.” Based in Singapore, Qtum, which elevated $1 million last January from capitalists consisting of Anthony Di Iorio, OKCoin Chief Executive Officer Celebrity Xu, BitFund creator Xiaolai Li as well as Funabashi companion Bo Shen, released its public blockchain a year back. Qtum’s AMI was detailed on the Amazon.com Internet Provider industry in July, as well as ever since, the team behind the cryptocurrency has actually been approaching a full-blown technical collaboration, Qtum’s advertising and marketing supervisor, John Scianna, informed CoinDesk. Both businesses has actually been reviewing this considering that April, he included. Under the collaboration, Qtum as well as AWS will certainly collaborate to obtain responses from clients regarding the usage situations most sought after as well as offer advice to those customers that do not have much software program advancement sources themselves, Mike Palencia, Qtum’s primary details policeman, informed CoinDesk. ” We are most likely to collaborate [with Amazon] to call various clients as well as customers. We’re exploring usage situations, as well as the most effective method to do it is to have a call with a business that have those usage situations,” Palencia claimed. “Some customers have their very own concepts, as well as their very own programmers, as well as several of them, desire extra assistance from us, wish to speak with us straight.”

[ailtrahq]

OK Group COO and OKX President Hong Fang announced that Okcoin will undergo a rebranding to OKX in the coming months. This decision aligns Okcoin’s name with OK Group’s other cryptocurrency venture, OKX (formerly OKEx), which was founded in 2013. Sunsetting the Okcoin brand As part of the transition, the COO shared that the Okcoin brand and product has already been sunset in regions including Latin America, MENA, Hong Kong and South Asia. The rebrand of Okcoin to OKX is then said to continue over the next couple of months, beginning with Singapore, the European Union, and lastly, the United States. We've made a decision to rebrand Okcoin globally to OKX over the coming months. Such a bittersweet moment. A thread…🧵— Hong (@hfangca) October 9, 2023 Users in the affected regions will still receive the same product services under the currently used regulatory framework, the main difference being that they will interact with the new brand. The decision was said to come from the realization that if Okcoin wanted to get better and faster for their customers, the company would have to challenge its own status quo, which began with the Jan. 2023 decision to join forces with sister company, OKX, the global cryptocurrency spot and derivatives exchange. United states remains important to the global strategy The thread on X goes on to share that despite the challenges, which may include regulatory uncertainty in the United States, the exchange would remain committed to its homebase. [embed]https://www.youtube.com/watch?v=guWyqkoqPcg[/embed] Fang cites the country’s standards for empowering individuals and protecting freedom with technology as being how the future should be for the industry.

[binancevicom]

Changpeng Zhao – CZ là ai? Cuộc đời của CEO CZ Binance

CZ là ai? CZ, hay Changpeng Zhao (Triệu Trường Bằng), là Chief Executive Officer (CEO) và người sáng lập của Binance, sàn giao dịch tiền mã hóa lớn nhất hiện nay. Ông được biết đến với biệt danh CZ và còn được gọi là Triệu Trường Bằng trong tiếng Việt.

CZ sinh ra ở tỉnh Quảng Đông, Trung Quốc. Ông tốt nghiệp Đại học McGill ở Montreal, Canada, với bằng cử nhân về khoa học máy tính. Sau khi tốt nghiệp, ông làm việc tại một số công ty công nghệ ở Hoa Kỳ, bao gồm Bloomberg và Goldman Sachs.

Năm 2013, CZ bắt đầu quan tâm đến tiền mã hóa. Ông đã tham gia vào một số dự án tiền mã hóa ban đầu, bao gồm Blockchain.info và OKCoin.

Năm 2017, CZ thành lập Binance. Chỉ trong vòng một năm, Binance đã trở thành sàn giao dịch tiền mã hóa lớn nhất thế giới, với khối lượng giao dịch hàng ngày lên tới hàng tỷ đô la.

CZ là một nhân vật có ảnh hưởng lớn trong cộng đồng tiền mã hóa. Ông là người ủng hộ nhiệt tình cho sự phát triển của tiền mã hóa và thường xuyên tham gia các hội nghị và sự kiện về tiền mã hóa.

Trong forex, CZ là một nhân vật nổi tiếng và được kính trọng. Ông được coi là một trong những người có tầm nhìn xa trong lĩnh vực tiền mã hóa.

Dưới đây là một số đóng góp của CZ cho thị trường forex:

Giúp thúc đẩy sự phát triển của thị trường tiền mã hóa: Binance đã giúp phổ biến tiền mã hóa và khiến nó trở nên dễ tiếp cận hơn cho nhiều người.

Đẩy mạnh sự đổi mới trong thị trường forex: Binance đã giới thiệu nhiều tính năng mới và sáng tạo cho thị trường forex, bao gồm giao dịch hợp đồng tương lai tiền mã hóa, giao dịch đòn bẩy và giao dịch margin.

Tạo ra một môi trường giao dịch an toàn và minh bạch: Binance đã áp dụng các biện pháp bảo mật nghiêm ngặt để bảo vệ tài sản của người dùng.

CZ là một nhân vật có ảnh hưởng lớn đến sự phát triển của thị trường forex. Ông đã giúp biến thị trường forex trở nên đa dạng và hấp dẫn hơn.

[thealphareporter]

OKCOIN AI TECHNOLOGY Releases Quarterly Financial Forecast, Potentially Setting a Global Trend, with Sales Approaching $30 Million.

http://dlvr.it/Sv4W4J

[netgainers]

The Federal Deposit Insurance Corporation (FDIC) has sued OKCoin USA Inc. for allegedly making false and misleading statements regarding the company's insured status. (OKCoin) and its senior executives. According to the Legal Division of the FDIC,... netgainers.org

[akshayvarma1]

Insights from Akshay Varma, Founder of Creative Business School: Understanding the Rush Toward Safe Havens

As the financial year 2023 nears its closure, Akshay Varma, the founder of Creative Business School in India, brings forth his unique perspective on the recent tumultuous shifts observed in the global financial markets. With a background enriched by academic excellence at Cambridge and Stanford and a diverse professional journey spanning from McKinsey consultancy to hedge fund analysis in London, Varma's insights carry a weight of experience and informed analysis.

Creative Business School, established in 2023, caters to financial professionals and aspiring entrepreneurs in India, offering comprehensive training in investment, finance, and market analysis. Varma’s expertise, particularly honed through his successful investments in blockchain ventures like OKCoin and Tezos, and his tenure as a hedge fund manager in Northern Ireland, forms the backbone of the school's curriculum. This curriculum, encompassing stock trading, entrepreneurial investments, blockchain courses, and business model analysis, is designed to prepare students for the multifaceted challenges of today’s financial world.

In his recent observations, Varma has identified a notable trend – a sudden influx of capital into safe-haven assets. This movement, marked by significant surges in the Swiss Franc, U.S. Treasuries, and gold prices, alongside a notable drop in the U.S. dollar, indicates a shifting investor sentiment as we edge towards the end of the year. Varma emphasizes the importance of understanding these market signals and their underlying causes to navigate the complexities of global finance.

The Swiss Franc's ascent to a height not seen since January 2015, the dip in U.S. Treasury yields across various maturities, and the rise in gold prices collectively point to a heightened sense of risk aversion among investors. Varma perceives this as a potential reallocation of capital, moving away from previously favored assets like U.S. stocks, particularly the dominant tech giants often referred to as the ‘Seven Sisters’ of the U.S. stock market – Apple, Microsoft, Alphabet (Google’s parent company), Amazon, Nvidia, Tesla, and Meta (formerly Facebook).

This analysis will delve deeper into the significance of these movements, exploring the reasons behind this shift towards safe-haven assets and its implications for the global financial markets. Varma, through his lens of seasoned expertise, aims to unravel the complexities of this trend, providing a comprehensive understanding of the current market dynamics.

Akshay Varma, a distinguished financial expert and founder of Creative Business School, offers an in-depth analysis of the recent surge in safe-haven assets, shedding light on the underlying factors and potential implications for the global financial markets.

The Swiss Franc's Unprecedented Rise

A key observation made by Varma is the remarkable surge in the Swiss Franc, which recently hit its highest level since January 2015. He notes that such a significant appreciation typically indicates a heightened demand for safer investments, often driven by uncertainties in the global economic and political landscape. Varma recalls the 2015 scenario when the Swiss National Bank unexpectedly removed the cap on the Franc, leading to a similar spike. Drawing parallels, he suggests that current market dynamics may be hinting at similar anxieties among investors.

U.S. Treasury Yields: A Signal of Investor Sentiment

The substantial drop in U.S. Treasury yields across various maturities, with significant dips in the 5-year to 30-year bonds, is another critical area of focus for Varma. This trend is typically indicative of increased buying in government bonds – a traditional refuge in times of market turbulence. He points out that the recent $58 billion auction of 5-year U.S. Treasuries, which saw a seven-month low yield, further underscores the growing investor preference for risk-averse options. Varma interprets this shift as a collective move towards more secure assets, possibly in anticipation of economic headwinds or geopolitical tensions.

Gold Prices: Reflecting Global Sentiments

Gold, often regarded as the ultimate safe-haven asset, has also witnessed a significant price increase. Varma sees this as a clear indication of the market's search for stability amidst growing uncertainties. He emphasizes that gold's price movements are a barometer of global investor sentiment, reflecting concerns over inflation, currency devaluations, and other macroeconomic factors.

The Decline of the U.S. Dollar: A Paradigm Shift

The U.S. dollar's decline to its lowest since July 2023 captures Varma's attention as a critical indicator of changing market preferences. He posits that the dollar's weakening, juxtaposed against the rise in safe-haven assets, could signify a reevaluation of risk among global investors. This shift, according to Varma, might be driven by several factors, including changes in U.S. monetary policy, global economic outlooks, and geopolitical events.

The Tech Giants and Market Dynamics

Observing the performance of the U.S. stock market, particularly the 'Seven Sisters', Varma notes a lack of enthusiasm among investors. Despite the absence of significant sell-offs, these tech giants, which have been pivotal in driving the market's growth, are experiencing a downturn or only modest gains. This, in Varma's view, suggests a possible large-scale capital reallocation, moving away from high-growth tech stocks towards more secure investments.

Conclusion

Varma concludes that these trends likely represent a significant shift in the investment landscape. He advises investors to remain vigilant and adaptable, considering the possibility of major developments that could impact the financial markets. This shift towards safe-haven assets, as Varma posits, might be more than a temporary realignment – it could be indicative of deeper changes in the global financial ecosystem.