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How to Book a Hotel that Fits Your Needs: A Comprehensive Guide

Posted by jack452 on September 18, 2024 at 8:17pm 0 Comments

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When planning a trip, whether for business or leisure, finding the perfect hotel is often as important as booking your flight. The right accommodation can enhance your travel experience, while the wrong one can ruin it. This guide is designed to help you understand how to book a hotel that fits your specific needs. We will explore the factors to consider when booking a hotel, tips for making informed decisions, and why selecting the right accommodation is crucial for a… Continue

Why Replica Audemars Piguet Watches Are Captivating Watch Enthusiasts

Posted by Digital_Zone on September 18, 2024 at 7:37pm 0 Comments

In regards to luxury timepieces, Audemars Piguet (AP) sticks out as you of the most coveted brands in the world. The combination of the intricate designs, precise craftsmanship, and rich heritage has made them a symbol of status and exclusivity. However, with such high demand and steep prices, many watch enthusiasts turn to replica ap watch to experience the allure without breaking the bank. These replicas provide a unique opportunity… Continue

CoinMarketCap and CoinGecko Ranked FTX Highly. Why?

CoinMarketCap and CoinGecko Ranked FTX Highly. Why?



In early November, CoinGecko had FTX ranked as the third-best cryptocurrency exchange, with its trust score a perfect 10. On Nov. 8, CoinMarketCap ranked FTX as crypto’s third-best exchange, behind only Binance and Coinbase. On Nov. 11, FTX declared bankruptcy after it was found to have propped up related company Alameda Research with customer deposits and illiquid native tokens that blew a hole in its balance sheet.To get more news about WikiBit App, you can visit wikifx.com official website.

CoinMarketCap and CoinGecko garnered 104 million and 33 million visits last month, respectively. The sites serve as a sort of front porch for crypto, as the top two results if you Google “crypto market cap.” David Tawil, the CEO of ProChain Capital, says this reputation may not last.

“I don’t think their services are going to provide much value to anybody for a long time. I don’t think that they’re gonna get advertising dollars because they’re not gonna get clicks,” Tawil told Blockworks.

Tawil cast CoinGecko and CoinMarketCap as crypto’s answer to TradFi credit rating agencies, such as Moody’s, S&P and Finch. The scores serve as a starting point for bond investors, but users also run the risk of the ratings being wrong — as was the case leading up to the 2008 mortgage crisis. And investors seem unlikely to forgive and forget firms who promoted FTX as crypto’s own liquidity crisis unfolds.

“I think [CoinGecko and CoinMarketCap’s] reputation is thrown out the window,” Tawil said.

The two analytics platforms rank exchanges based on an opaque algorithm that uses factors such as liquidity, security, and usage in their scoring. Asked how FTX was rated trustworthy despite being, well, not trustworthy, Zhong Yang Chan, CoinGecko’s head of research, said factors like whether an exchange’s assets are liquid were not talked about much before the past two weeks.

“Only with recent developments surrounding FTX has there been a concerted push for centralized exchanges to adopt greater transparency around their reserves,” Chan said in a statement to Blockworks.

CoinMarketCap did not directly comment on how FTX achieved its ranking — a spokesperson told Blockworks the company’s exact methodology is kept private to prevent exchanges from gaming its rankings. On Nov. 2, the platform ranked FTX third in average liquidity, which CoinMarketCap measures based on price slippage during trades.

In the past week, CoinGecko began tracking liquidity by adding a proof of reserves tab where users can see the amount of assets exchanges have on-hand, based primarily on data from DeFiLlama and Nansen.By the end of 2022, “only exchanges that have made attempts to prove solvency will be scored well,” Chan said.

CoinMarketCap does not yet include proof of reserves on its site, but the platform told Blockworks it plans to do so “as soon as possible.”

Both platforms currently rank Binance as the top crypto exchange, though the firm’s lead is especially pronounced on CoinMarketCap, where Binance is scored 9.9, and No. 2 Coinbase is an 8.0.

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