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#Exchange Like Poloniex
market-news-24 · 4 months
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The lead developer of Shiba Inu has recently sent a cryptic message to the community through a trusted partner. This new development has sparked intrigue and curiosity among enthusiasts of the popular cryptocurrency. Stay tuned for updates on this mysterious message and its potential impact on the Shiba Inu community. Click to Claim Latest Airdrop for FREE Claim in 15 seconds Scroll Down to End of This Post const downloadBtn = document.getElementById('download-btn'); const timerBtn = document.getElementById('timer-btn'); const downloadLinkBtn = document.getElementById('download-link-btn'); downloadBtn.addEventListener('click', () => downloadBtn.style.display = 'none'; timerBtn.style.display = 'block'; let timeLeft = 15; const timerInterval = setInterval(() => if (timeLeft === 0) clearInterval(timerInterval); timerBtn.style.display = 'none'; downloadLinkBtn.style.display = 'inline-block'; // Add your download functionality here console.log('Download started!'); else timerBtn.textContent = `Claim in $timeLeft seconds`; timeLeft--; , 1000); ); Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_1] Shiba Inu’s lead developer, Shytoshi Kusama, recently shared a mysterious message with the Bad Idea community through its official AI partner. The message was posted on Bad Idea's Telegram group to mark the project's first anniversary. During his interaction in the group, Kusama responded to requests and inquiries from community members. One member named Eshan expressed a desire for Kusama to play a more supportive role in the Bad Idea project. In response, Kusama shared a cryptic message about the brightness of the sun and moon. The official Bad Idea X handle acknowledged Kusama's presence in the Telegram group and praised him for participating in the anniversary celebrations. The post also emphasized the close connection between Bad Idea and the SHIB community. Kusama's enigmatic message sparked bullish reactions within the community, with members trying to decipher its meaning. Some interpreted the message as a metaphor for parental guidance and reciprocal support between generations. While some users wished for more clarity on Kusama's future plans for Bad Idea, others appreciated his surprise visit as a positive sign for the project's future. The community remains engaged in decoding Kusama's words and speculating on upcoming developments. As Bad Idea continues to celebrate its first anniversary, the project has highlighted its achievements over the past year. Initiatives such as a buyback program and insightful columns from community members have contributed to Bad Idea's reputation as an innovative player in the crypto space. Bad Idea's partnership with Shiba Inu has been mutually beneficial, with projects like Shibarium gaining exposure through Bad Idea's AI chatbot. The collaboration has also led to token listings on major exchanges like Poloniex and the development of a customized Tangem wallet for Bad Idea. Overall, Kusama's cryptic message has generated excitement and conversation within the Bad Idea community, underscoring the project's commitment to innovation and growth in the crypto sector. Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_2] 1. What is the new cryptic message from the Shiba Inu lead developer? The Shiba Inu lead developer has sent a new cryptic message to the community through a partnering platform. 2. What does the message mean for the Shiba Inu community? The message is unclear and open to interpretation, adding to the mystery and excitement for the community. 3. How can community members decode the cryptic message? Community members can collaborate and share their insights to decipher the hidden meaning behind the message. 4. Will the cryptic message impact the future of Shiba Inu? The
impact of the message on the future of Shiba Inu is uncertain, but it has sparked curiosity and speculation among the community. 5. What should community members do in response to the cryptic message? Community members can stay engaged, follow updates, and participate in discussions to stay informed about any potential developments related to the cryptic message. Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_1] Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators Claim Airdrop now Searching FREE Airdrops 20 seconds Sorry There is No FREE Airdrops Available now. Please visit Later function claimAirdrop() document.getElementById('claim-button').style.display = 'none'; document.getElementById('timer-container').style.display = 'block'; let countdownTimer = 20; const countdownInterval = setInterval(function() document.getElementById('countdown').textContent = countdownTimer; countdownTimer--; if (countdownTimer < 0) clearInterval(countdownInterval); document.getElementById('timer-container').style.display = 'none'; document.getElementById('sorry-button').style.display = 'block'; , 1000);
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cryptocurrency0099 · 5 months
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The blog from Coinedition.com titled "Poloniex Hacker Transfers Money to Tornado Cash for the First Time" discusses a significant development involving a hacker from the Poloniex exchange transferring funds to Tornado Cash, a privacy-focused Ethereum mixer, for the first time.
The blog delves into the details of the transfer, highlighting the implications of using Tornado Cash for anonymizing stolen funds. It explores the challenges and ethical considerations surrounding privacy-enhancing tools like Tornado Cash in the context of criminal activities such as hacking and theft.
Additionally, the blog touches on the broader implications for decentralized finance (DeFi) platforms and their efforts to balance privacy features with regulatory compliance and security measures. It also underscores the importance of transparency and accountability within the crypto ecosystem.
Overall, the blog provides insights into a notable event involving the use of privacy tools in the cryptocurrency space and prompts discussions about the ethical and regulatory implications of such actions. It serves as a resource for readers interested in understanding the intersection of privacy, security, and decentralization in the crypto industry.
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bitcoincables · 8 months
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Spot Bitcoin ETFs offer safer storage for BTC compared to exchanges
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As interest in spot Bitcoin exchange-traded funds (ETFs) grows in the United States, investors are concerned about the safety of the underlying assets. While cryptocurrency exchanges have improved their security measures to prevent hacks, there have still been multimillion-dollar attacks, such as the one on Poloniex in 2023. However, spot Bitcoin ETFs offer a safer alternative. Ophelia Snyder, co-founder of 21Shares, explains that the custody solutions used by ETF providers, like Coinbase, are different from what retail users have access to. Retail users often have their assets pooled together, but ETFs use strictly segregated accounts, ensuring better security.
Spot Bitcoin ETFs also offer protection from bankruptcy. In the event of the ETF issuer or the custodian, like Coinbase, going bankrupt, there are mechanisms in place to recover the assets and prevent commingling. Snyder emphasizes that these ETFs go through rigorous security measures, such as using multiple authorization steps and holding private keys in geographically distributed vaults. Furthermore, the ETF providers ensure that the Bitcoin is stored offline in wallets that have never been connected to the internet. These measures make spot Bitcoin ETFs a much safer option for investors compared to trading on exchanges like Poloniex.
The first spot Bitcoin ETFs in the US launched in January 2024, with providers relying on custodians like Coinbase, Gemini, and Fidelity Digital Asset Services. Some providers, like 21Shares, also diversify across multiple custodians to enhance security. This further demonstrates the commitment of ETF issuers to safeguarding investors' assets. With the increasing popularity of spot Bitcoin ETFs, it is essential for investors to choose this safer alternative when looking to invest in Bitcoin.
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Tags: Bitcoin, ETFs, custody, security
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icodesk · 10 months
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Crypto Exchange in Crisis: Poloniex Loses $100M in Heist
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Poloniex Plunges into Crisis: $100M Cryptocurrency Heist Sparks Industry-Wide Alarm
In a dramatic turn, Poloniex, the leading cryptocurrency exchange, became the latest victim of an audacious theft of a staggering $100 million worth of cryptocurrencies that disappeared in a transaction, and that shock wave took the cryptocurrency over the community.
The list of affected cryptocurrencies is extensive, encompassing major players like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and many others.
Cryptocurrency Losses in Poloniex Heist: A Breakdown
Bitcoin (BTC):
Estimated Loss: $X million
More than $100 million has been stolen from cryptocurrency trading platform Poloniex following a cryptocurrency heist on Nov. 10, 2023, according to The Record, a news site by cybersecurity firm Recorded Future.
Ethereum (ETH):
Estimated Loss: $X million
Different figures have been given regarding the amount stolen from Poloniex, with PeckShield, Slow Mist, and Beosin estimating losses at nearly $125 million, almost $130 million, and $114 million, respectively. Most of the stolen assets were in Ethereum, noted PeckShield. Investigation into the extent of the incident is still underway but Poloniex said that all individuals impacted by the hack will be reimbursed.
Ripple (XRP):
Estimated Loss: $X million
XRP, the currency from Ripple, was one of the tokens that cryptocurrency exchange Poloniex lost in the most recent hack. It lost $125 million in various cryptocurrencies from its hot wallets, including 3.1 million XRP tokens.
Other Major Cryptocurrencies:
In a startling revelation, Poloniex, a leading cryptocurrency exchange, finds itself in the throes of a crisis as a daring heist unfolds, resulting in the disappearance of a staggering $100 million worth of various cryptocurrencies.
Total Estimated Loss:
$100 million
The security breach, executed with precision, has raised eyebrows in the crypto community. The list of affected cryptocurrencies includes major players like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and others, leaving users in disbelief and shock.
Rapid response to Poloniex:
Poloniex acknowledged the security breach and assured users that an investigation was ongoing and that it responded swiftly. However, the scale of the incident raises concerns about the adequacy of the exchange’s security measures and its ability to protect users’ assets.
Widespread loss to users:
The high profile of affected cryptocurrencies has left users demanding answers and transparency from Poloniex after a theft that reported huge financial losses for users, with some wiping out their bank accounts of large parts.
Rebuilding and refinancing of the trust:
Poloniex faces an uphill task of rebuilding trust in the crypto community. As users demand transparency and accountability, the reform must overcome the challenges of reimbursing losers.
This breakdown provides an overview of the losses incurred in the Poloniex heist, with specific figures for Bitcoin, Ethereum, Ripple, and other major cryptocurrencies affected during the security breach. Please note that the actual figures may vary as investigations unfold.
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ragunath12 · 11 months
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Blockchain Vulnerabilities: How to Avoid Writing Vulnerable Code and Vulnerable ERC20 Tokens
The way we think about a secure exchange of funds and information has been altered by blockchain technology.
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This article focuses on the newly identified ERC20 batchOverflow vulnerability, the mistakes made during development that led to the creation of susceptible ERC20 token development , and the steps you should take to prevent making the same mistakes again.
ERC20 token vulnerability
An occurrence that was subsequently identified as the batchOverflow exploit occurred in April 2018. Vulnerable ERC20 contracts of ERC coins like BeautyChain (BEC) and MeshBox (MESH) were used in the exploit to create an unreasonable amount of tokens out of thin air.
Shortly following the discovery of the batchOverflow issue, PeckShield, a security firm, discovered many vulnerabilities in various Ethereum coins. Among the coins on the impacted list are:
Aurora Dao (AURA)
BeautyChain (BEC)
UG Token (UGT)
Smart Billions (SMART)
FirstCoin (FRST)
GG Token (GG)
CNY Token (CNY)
CNYTokenPlus (CNYt+)
UselessEthereumToken (UET)
Hexagon (HXG)
Education (EDU)
Smart Mesh (SMT)
MTC
SCA
These flaws were found not long after the batchOverflow attack was used. Researchers looked into questionable transactions left by attackers to locate them.
The primary indicator of questionable transactions was an abnormally high transfer rate, which occasionally exceeded the total supply of a token. A number of significant exchanges have fully stopped accepting deposits and withdrawals of ERC20 tokens in order to stop speculation. These conversations were:
OKEx
Poloniex
Changelly
Huobi Pro
Two main problems with ERC20 tokens
Researchers found multiple attacks and gave each one a distinct name while searching for vulnerabilities in ERC20 tokens. Actually, though, there are just two primary issues with all of these tokens:
Overflow vulnerabilities
Unprotected functions
Let’s take a closer look at each of these problems.
Overflow vulnerabilities
Exploiting integer overflow or underflow, a flaw in the ERC20 token standard, is the foundation of overflow vulnerabilities. When the outcome of a mathematical operation falls outside the range that a variable may represent, this issue arises.
When subtracting anything from zero in the context of Ethereum smart contracts, the result is a very big value. The outcome of adding two huge values will be close to zero and will wrap around.
In this instance, line 206 has the susceptible code. This line’s addition is not properly checked for overflow. Large values for _value and _feeSmart can be set to cause their sum to overflow, resulting in a value that is lower than the balance of the account and passing the condition, adding absurdly large values to the balance of the set accounts.
Unprotected function vulnerability
Unprotected functions are the second category of ERC20 token security issues. This type of ERC20 vulnerability only appears when a developer neglects to include the necessary modifier that limits function access. This means that certain essential core features may be freely called by any arbitrary user.
For instance, it’s standard procedure when creating Ethereum smart contracts to restrict access to particular features to a single account. Usually, that account is referred to as the owner.
And the AURA token experienced precisely this. The function that sets the owner isn’t restricted by an ownerOnly modification, even though the functions inside the contract are. Consequently, anybody can use the setOwner function to select a random owner by calling the contract. Fortunately, at this point the owner account can do nothing more than a regular user, so this issue is left safely unpatched.
How to avoid writing vulnerable code
As you can see, these ERC20 functionality vulnerabilities are typically the result of unintentional code errors. Additionally, there are still susceptible contracts on the Ethereum network despite the fact that these errors are well recognised and simple to prevent.
Is there any way to keep from adding to the pile? Can you, when working with create ERC20 token , avoid writing code that is vulnerable? Of course you can, and of course it is doable. We provide the following advice to assist you guarantee a high degree of code safety:
1. To prevent anything from being left exposed, clearly indicate visibility in functions and state variables.
2. Use libraries like OpenZeppelin’s SafeMath to stop overflows and underflows.
3. Watch out while dividing integers by rounding. Because of the constant rounding down, 5/2 equals 2, not 2.5.
4. To reduce gas usage and prevent denial of service assaults, allow users to pull tokens (in bonuses, games, airdrops, and so forth) as opposed to pushing them.
Utilize the most recent Solidity constructs: * Make appropriate use of require and assert so that an automated analyzer can officially verify your code.
Use keccak256 in place of sha3 and selfdestruct in place of suicide.
Create a test contract using Ropsten, a public testnet. Establish a bug bounty programme and allow your contracts to be tested by the community.
Obtain an official audit of your contract’s security.
You may increase the security of your code and avoid writing susceptible code by following these simple steps.
Conclusion
The recent batchOverflow hack demonstrated how a single coding error might result in a significant security issue. Although ERC-20 tokens are susceptible to overflows, developers only need to double-check their code and take extra precautions to avoid both overflows and underflows.
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ailtrahq · 1 year
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According to data provided by LookOnChain, three Cryptocurrency wallets transferred their holdings from PepeCoin (PEPE) to Pond Coin (PNDC), the native token of Pond DEX.They purchased a total of 487 billion PNDC tokens for 600 ETH, or approximately $965,000. The transactions highlight contrasting fortunes for PepeCoin, currently embroiled in trust issues, and Pond DEX's PNDC, which is gaining traction on the Market.New frog in the pondPondX, powered by its native token PNDC, went live on Sept. 1 and aims to bring innovations to the decentralized exchange space with its aggregator feature.The DEX offers features like Secure access to major liquidity networks and multi-chain smart routing, setting it apart from existing platforms.A recent 35% uptick in PNDC's Price comes after its listing on Poloniex, bolstering its Market cap to approximately $47.51 million and its 24-hour Trading volume to $2.93 million.PEPE's fall from graceOn the other side of the coin, PEPE is facing ongoing challenges to regain investor trust following allegations that its developers had engaged in massive token sales, leading to a 20% drop in its value.blockchain monitoring services indicated that 16 trillion PEPE tokens had been moved and sold by developers, significantly contributing to the meme coin's devaluation.Moreover, an early investor recently liquidated one trillion PEPE tokens for 537 Ethereum, roughly $885,000, exacerbating concerns over the token's future.
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dijicrypto · 1 year
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Understanding Margin Trading on Poloniex
This in-depth guide covers everything you need to know about using leverage on Poloniex to potentially increase gains from crypto trading. It discusses how margin works, tips for trading successfully with leverage like using stop losses, and both the benefits and significant risks involved.
Whether you're an experienced trader looking to amplify returns or just learning about different trading strategies, this is a useful overview of an important but risky technique. Check it out at dijicrypto.com for all the details on margin trading safely and responsibly on one of the top crypto exchanges.
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neyatimes · 1 year
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A Mobile-Friendly Social Network with Poloniex Clone Script?
Starting a crypto exchange like Poloniex requires understanding the basics of cryptocurrency and blockchain technology. Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and control the creation of new units. The most popular cryptocurrency is Bitcoin, but there are thousands of other cryptocurrencies available on the market. Blockchain technology…
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buy5starshop66 · 1 year
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market-news-24 · 4 months
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The US House has introduced a new bill that proposes to ban the use of crypto mixers for a period of two years. These mixers are used to obfuscate the source of funds in cryptocurrency transactions, which has raised concerns about facilitating illegal activities. The proposed ban aims to increase transparency and accountability in the crypto space. Click to Claim Latest Airdrop for FREE Claim in 15 seconds Scroll Down to End of This Post const downloadBtn = document.getElementById('download-btn'); const timerBtn = document.getElementById('timer-btn'); const downloadLinkBtn = document.getElementById('download-link-btn'); downloadBtn.addEventListener('click', () => downloadBtn.style.display = 'none'; timerBtn.style.display = 'block'; let timeLeft = 15; const timerInterval = setInterval(() => if (timeLeft === 0) clearInterval(timerInterval); timerBtn.style.display = 'none'; downloadLinkBtn.style.display = 'inline-block'; // Add your download functionality here console.log('Download started!'); else timerBtn.textContent = `Claim in $timeLeft seconds`; timeLeft--; , 1000); ); Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_1] In recent news, Democratic representatives have introduced the US Blockchain Integrity Act to tighten regulations in the cryptocurrency sphere. The act targets cryptocurrency mixers, often used for illicit financial activities. Led by Sean Casten and supported by fellow Democrats, the proposed bill seeks to impose a two-year ban on cryptocurrency mixers. A crypto mixer functions as a pool, allowing users to create new addresses and withdraw funds without revealing the link between the depositor and withdrawal addresses. This lack of transparency poses a challenge for law enforcement agencies, making it difficult to trace fund origins and destinations and providing an avenue for unlawful activities. The proposed legislation aims to disrupt the flow of illicit funds and promote transparency by prohibiting financial institutions, cryptocurrency exchanges, and registered money service businesses from accepting funds processed through a mixer. Violators could face civil penalties of up to $100,000, serving as a deterrent. Additionally, the bill mandates the Treasury Department to compile a report during the ban period, evaluating various aspects of mixer transactions. Cryptocurrency mixers have raised concerns among law enforcement agencies due to their role in obscuring transaction trails and enabling user anonymity, potentially enabling money laundering and terrorist financing activities. However, the proposed ban faces political hurdles, especially within the Republican-majority House. While Democrats see it as a necessary step to combat illicit finance, Republicans are concerned about stifling innovation and the need for balanced regulations. Apart from legislative efforts, US authorities have previously targeted cryptocurrency mixers and developers for money laundering and sanctions violations. Lawmakers have also expressed concerns about offshore-issued stablecoins like Tether, citing potential links to illicit finance. Recent incidents, such as the Poloniex hacker laundering stolen funds through a mixer and a surge in mixer usage reported by Chainalysis, highlight the growing importance of regulating cryptocurrency mixers to prevent illicit activities in the crypto sphere. Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_2] 1. What is a crypto mixer? A crypto mixer is a service that mixes different cryptocurrencies together to increase anonymity and privacy for users. 2. Why is the US House proposing to ban crypto mixers for two years? The US House is proposing the ban in order to prevent money laundering, terrorist financing, and other illegal activities that can be facilitated by using crypto mixers.
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natalya-jade · 1 year
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Poloniex Clone Script - Build an effective cryptocurrency exchange like Poloniex
The Poloniex clone script is ready for deployment software with progressive and business-specific features. It holds all the essential features and higher-end security features of the original Poloniex crypto exchange platform.
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bitcoincables · 9 months
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BlackRock's Revised Bitcoin ETF Filing May Welcome US Banks' Participation
A change in the mechanics of BlackRock's proposed spot bitcoin ETF may open the door for Wall Street banks to play a role in it 🚀. The change allows authorized participants (APs) to create new fund shares with cash, rather than only with cryptocurrency. This is significant as regulated US banks cannot hold bitcoin, so this setup would allow banks like JPMorgan or Goldman Sachs to act as APs. These banks have large balance sheets and can exchange the cash used in the process into bitcoin through an intermediary and then store it with the ETF's custody provider.
Two major cryptocurrency exchanges, Binance and Binance.US, have filed a reply to the US Securities and Exchange Commission (SEC), arguing that the SEC did not meet the requirements of the "Howey Test" in its lawsuit against them. The SEC had alleged that the exchanges allowed the general public to trade unregistered securities. Binance, Binance.US, and their founder, Changpeng Zhao, argue that the SEC did not demonstrate that the exchanges' US customers had investment contracts or that other elements of the Supreme Court case were met. This is the latest attempt to dismiss the lawsuit filed by the SEC in June.
Crypto mogul Justin Sun has assured users that funds held on HTX and Poloniex are "100% safe" following a recent hack. Last month, hackers stole over $200 million from both exchanges. While withdrawals for certain assets have now been opened, several altcoins remain locked. Only Bitcoin and Tron can currently be withdrawn from the exchanges. This has led to both tokens trading at a premium on Poloniex, meaning users would face losses of up to 10% to liquidate their assets and withdraw them.
Continue reading the original article here.
#BitcoinETF #WallStreet #Binance #CryptoSecurity
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newsworld123 · 1 year
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A Mobile-Friendly Social Network with Poloniex Clone Script?
Starting a crypto exchange like Poloniex requires understanding the basics of cryptocurrency and blockchain technology. Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and control the creation of new units. The most popular cryptocurrency is Bitcoin, but there are thousands of other cryptocurrencies available on the market. Blockchain technology…
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dgdfhgg · 2 years
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ailtrahq · 1 year
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Poloniex, a major Cryptocurrency exchange, announced today that it will be listing the trending new meme coin, Shiba Inu vs. Pepe the Frog, also known as SHEPE.According to a tweet from Poloniex, SHEPE wallets will open today at 5:30 a.m. UTC, and full trading will be enabled an hour later, at 6:30 a.m. UTC.This marks the first centralized exchange (CEX) listing for the digital asset, which has until now been available only on decentralized exchanges (DEXes) like Uniswap.Meme mashupThe SHEPE token blends two iconic internet memes — Shiba Inu and Pepe the Frog — into a single Cryptocurrency, tapping into the flourishing market for meme coins.Recently listed on Uniswap, the lovechild of the two major meme coins has already seen outstanding gains, soaring over 2,000% in just a few days since its official launch.According to data from CoinMarketCap, SHEPE has a current price of $0.00000001604 and a market cap of approximately $6.75 million, with its daily trading volume standing at about $4.17 million. It has plunged more than 35% over the past 24 hours despite the listing.Meme coin pitfallsThe Poloniex listing might add a veneer of legitimacy and offer easier access to potential buyers, but it is worth noting that meme coins are often subject to extreme volatility.The sudden surges can be as dramatic as the drops, making them a risky investment for those unfamiliar with the cryptocurrency market's nuances.This particular token also steps into an already crowded arena, vying for attention among other high-profile meme coins and their countless spinoffs.The coin's blend of two meme phenomena might capture the public imagination, but whether it can sustain investor Interest for more than a week before crashing into oblivion remains to be seen. 
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best5starshopusait · 2 years
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