Wallstreet banking giant JP Morgan & Chase believes there are significant changes coming to the crypto industry in 2023 in the form of regulation, which will likely cause a convergence between crypto and the traditional financial industry, according to its latest Global Markets Strategy report. Major changes coming to the crypto industry in 2023...
The crypto market is more frustrated after the outcome of the FTX crash. Bitcoin is at one of its historic lows of the year, and the market itself has only barely returned from the crash. Even so, these stages are always good times to purchase cryptocurrencies at a substantial discount to their present value. What cryptocurrencies are presently under priced? This article is...
The collapse of FTX has severely eroded user trust in centralized crypto exchanges. Most investors have finally realized the importance of owning the keys to their digital assets and have moved record volumes of tokens from exchanges to non-custodial wallets. These events brought about a wave of urgency for centralized exchanges to provide reliable proof that they hold more assets than liabilities. In...
Crypto asset management firm Ikigai Asset Management is among the companies to get caught up in the FTX collapse as it had a large portion of its assets on the collapsed exchange, according to the firm's founder and chief investment officer, Travis Kling....
Confidence in centralized exchanges seems to have reached a new low following the FTX fallout. Trading volumes across all exchanges have experienced a vertical drop over the weekend, as users rush to withdraw their tokens from custodial wallets provided by the platforms. Data analyzed by CryptoSlate showed a drastic drop in Bitcoin's real trading volume. According to Messari, the...
Here is a list of the best Decentralized Exchanges (DEXs): Name of the DEXSupported Blockchain NetworkTrading Fee1. Rango exchange42+ blockchains supportedNo fees -...
Kucoin CEO, Johnny Lyu, has explained in a number of tweets today that Kucoin has been transparent with its users since day one of building the hybrid centralized/decentralized cryptocurrency exchange. From day 1 of building KuCoin, we have been transparent to our users. The overview of some of KuCoin’s hot and cold wallet addresses are clickable for their...
BNB, issued by the largest exchange by volume, Binance, surged by more than 20% in two hours after Binance CEO. Changpeng Zhao (CZ) announced plans to acquire FTX....
Crypto Industry is growing and evolving every day. So much so that now authorities worldwide want to regulate it. Further, centralized crypto exchanges such as Coinbase or...
The SushiSwap DAO has voted to approve a key legal restructuring proposal which will create 3 new entities for developing and managing the DAO.
Sushi DAO has unanimously approved a proposal to set up three legal entities in Cayman Island and Panama to manage the affairs of the protocol. Development activities in SushiSwap are managed by its community DAO and the project team. However, the new approval will see three legal entities...
Levan Kvirkvelia from on-chain analytics platform Cluster reached out to CryptoSlate to share his findings from analyzing over one hundred "web3 services." Cluster, which is still in beta, analyzes data from critical blockchain services, including user retention, bot activity, and active user numbers. The platform currently supports Polygon and BNB Chain. The data from Cluster revealed that over...
Projects using decentralized finance (DeFi) technologies are presenting solutions that serve as a replacement for centralized traditional financial services. What is DeFi? The term "decentralized finance" refers to a financial system that is not based on or organized around a central actor or institution but rather is driven by a multitude of dispersed actors and […] The post...
The decentralized, permissionless cross-chain platform Axelar and USDC creator Circle have announced the Cross-Chain Transfer Protocol, which looks to revolutionize cross-chain transfers across the crypto industry. Jason Ma from Axelar stated that "we finally have real...
A governance proposal seeking to pay up to $47 million to the Mango Markets hacker is set to be approved as it reaches an approval quorum of over 96%. Following the Mango Markets hack of Oct. 12, the hacker submitted a proposal asking the project to use up to $70...
In the financial system, a perpetual futures contract, also known as a perpetual swap, is a transaction representing an agreement to buy or sell an asset at an unspecified point in the future. It also allows users to trade using margin or leverage (using borrowed funds). This means that rather than having...
Solana-based DEX Mango Markets was exploited for approximately $112 million. The MNGO token has fallen by 40% to a price of $0.023. The attacker manipulated their Mango collateral and took massive loans from the treasury to carry out the exploit. The attacker also used his 32 million MNGO tokens in the DAO to vote against carrying out a criminal investigation. The Mango Markets...
Decentralized protocol Sushiswap (SUSHI) has seen the price of its native token jump by over 19% in the last 30 days to $1.38 At least one technical analyst on Twitter believes the recent positive momentum surrounding the protocol could be the catalyst that pushes it above $1.5 for the first time since it dropped below the mark in August....
The native token of decentralized exchange GMX (GMX) has spiked 35% to $54.11 after two leading crypto exchanges announced they would be listing it on Oct. 5. Binance revealed that it would list the token in its...
DEX ‘aggregators’ are one of the latest developments in the thriving digital currency market. Such providers allow you to tap into high liquidity while at the same time - benefit from better pricing. 1inch Exchange is a non-custodial DEX aggregator that rolls these advantages into a single platform. In this review, we take a close [...] The post 1inch Exchange Review: A Leading...
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