BitMEX have made a steep restructuring of its executive team following the recent legal filings against its founders by the CFTC. According to a press release from BitMEX today, the exchange revealed that founders Arthur Hayes and Samuel Reed have stepped down from their executive responsibilities as CEO and CTO respectively.Furthermore, fellow founder Ben Delo […]
Blockchain platform Radix is integrating Chainlink oracles to its ecosystem in order to provide developers with high-quality market data to build DeFi apps on its platform. According to the press release, the integration with Chainlink will enable DeFi oracles to be easily accessible to Radix developers giving them access to a wide range of secure […]
The FCA has banned the sale of cryptocurrency derivatives to retail customers in the United Kingdom. The ban is expected to come into effect on January 6, 2021. According to a press release by the FCA, the regulatory body believes that cryptocurrency derivatives are ill suited to retail customers and highlighted a number of factors.This […]
California based gaming company Atari is going to sell its Ethereum-based crypto asset Atari Token (ATRI). In a press release the Atari group revealed that it chose the Bitcoin.com crypto exchange as its partner to host the sale of its ERC-20 token ATRI. The token sale will be launched in an IEO, which is set to […]
BitMEX has vowed to fight back following accusations that the company was involved in illegitimate activities. BitMEX accused of fraud by CFTC Yesterday, the Commodity Futures Trading Commission (CFTC), a major regulator of US markets, accused the owners of the BitMEX exchange of illegally operating a cryptocurrency derivatives trading platform and violating anti-money laundering regulations. […]
Swipe, a subsidiary of Binance, announced the launch of a new VISA card. It will allow the use of DeFi protocols to borrow funds. Also read: Top 3 crypto debit cards of 2020 A Swipe card that combines DeFi and traditional finance The news was announced yesterday in a company statement. Swipe explains that the […]
The DeFi bubble appears to be slowing down according to a report from analytical firm CoinMetrics. CoinMetrics revealed that 72% of the top 250 coins in the crypto market have declined in their value in the past week while it corresponds to 93% when extended to the monthly chart.The DeFi market has not been spared […]
An ethical hacker has saved an Ethereum smart contract from losing close to $10 million in tokens. The hacker who goes by the name Samczsun helped to close a vulnerability on an Ethereum based DeFi lending platform Lien Finance.Bug in Lien FinanceSamczsun posted details about the incident on his blog and revealed how he was […]
The Decentralized Finance (DeFi) ecosystem continues to grow with the Total Value Locked (TVL) in DeFi protocols now exceeding the $11 billion mark. Earlier we recorded a 22% drop in the Total Value Locked (USD) in DeFi.Decentralized Finance (DeFi) breaks new recordsDeFi’s market capitalization valuation is calculated by the total value of assets deposited by […]
Ocean Protocol announced that it has paused their OCEAN smart contract following the hack of the KuCoin exchange. Ocean Protocol, which prides itself as a decentralized Ocean data sharing network, announced this on its twitter page.https://twitter.com/oceanprotocol/status/1310154282575028227?s=20This has brought criticism from the crypto community with many surprised that the decentralized platform could embark on what is […]
