Synthetix’s Infinex Aims to Bridge the Gap Between Centralized and Decentralized Exchanges
The Synthetix project, known for its decentralized derivatives protocol, is gearing up to bridge the usability gap between centralized and decentralized exchanges with the imminent launch of the Synthetix V3 protocol and its decentralized exchange front-end, Infinex, scheduled for Q4. Synthetix f ...
Binance Suspends Deposits for Multiple Assets on Multichain Network Amid Glitches and Arrest Rumors
Binance was the first to make this decision They are waiting for clarity amid rumors of Multichain team arrest Binance has suspended deposits for 10 assets on the Multichain network. This comes after news of massive glitches in the protocol. ...
World Economic Forum Recommends Flexible Approach to Cryptoasset Regulation
They have analyzed different types of regulation And recommend a flexible approach The WEF considers Switzerland and Japan to be good examples The United States to be bad The World Economic Forum has issued a technical paper designed to re ...
CFTC Chairman Stresses Regulatory Focus on Decentralized Exchanges (DEX)
Chairman of the Commodity Futures Trading Commission (CFTC) told Bloomberg that for regulatory purposes. It does not matter whether decentralized exchanges (DEX) operate autonomously or with human participation. Rostin Behnam belie ...
Liquid Staking Overtakes Decentralized Exchanges in Total Value Locked in DeFi
This is the first time this category has topped TVL in DeFi Aided by the Shapella update Since Ethereum allowed its users to withdraw ethers via the Shapella update, liquid-stacking protocols have increased the total blocked assets (TVL) on their platforms. Mo ...
Thorchain Suspended Due to Potential Vulnerability
Thorchain, the decentralized protocol that enables cross-chain trading of cryptocurrencies, has recently been temporarily suspended due to a potential vulnerability. This development followed reports on social media of a credible threat to the Thorchain Nine Realms platform and the THORsec securi ...
US Bank Collapses Trigger Surge in Decentralized Exchange Usage and USDC Popularity
Chainalysis has reported that a series of bank collapses in the United States triggered an outflow of funds from centralized exchanges to decentralized exchanges, as well as an uptick in the popularity of USDC. According to Chainalysis analysts, during times of turmoil in traditional financial ma ...