The Sei (SEI) Network is a Cosmos-based layer-1 blockchain that aims to change the world of digital asset trading, especially in the decentralized exchange (DEX) ecosystem. It was specifically designed for the world of trading, featuring various sectors of the cryptocurrency space spanning GameFi, NFTs, and, most especially, decentralized finance (DeFi). Sei is positioned as…
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The captivating Binance Smart Chain (BSC) Network has morphed into a powerful force within the blockchain ecosystem, offering various benefits and opportunities for users and developers alike. Introduced by Binance, a top player in the global cryptocurrency exchange realm, BSC provides a robust and efficient infrastructure for decentralized applications (dApps) and digital asset transactions. The…
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The Pancakeswap community has sanctioned a governance vote to eliminate 300 million CAKE tokens from the crypto asset’s total supply. Records indicate that a substantial 97.88% of community votes supported the reduction of 300 million CAKE, decreasing the total supply from 750 million to 450 million CAKE tokens. Near-Unanimous Vote Cuts CAKE Supply On Dec.…
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Uniswap logo Blue-chip cryptocurrencies continue to pull lower from multi-month/year highs hit earlier in the month amid profit-taking ahead of what is expected to be a somewhat calmer and lower volume run in to the end of the year, as major market participants take time off for the Christmas holidays. Bitcoin was last trading around…
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U.S. Attorney for the Southern District of New York announced on Dec. 14 that Shakeeb Ahmed, a man accused of hacking two decentralized crypto exchanges, had pleaded guilty to the charge of computer fraud. Ahmed is said to have attempted to cover his tracks by using overseas crypto exchanges and swapping the stolen assets with…
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Kyber Network said on Nov. 22 that Kyberswap Elastic “experienced a security incident” in which crypto assets worth more than $45 million were stolen. Kyber Network said it was investigating the incident and urged all “users to promptly withdraw their funds.” Kyber Forks Affected by the Incident Kyber Network, the decentralized exchange (DEX) aggregator, confirmed…
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The decentralized exchange increased margin requirements on several markets on Nov. 18, after an alleged targeted attack on the YFI token triggered massive liquidations. Decentralized crypto exchange dYdX has disclosed new measures to mitigate trading-related risks after burning $9 million of its insurance fund on Nov. 17 to cover users’ losses. According to an announcement…
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Source / Sam Cooling THORChain, a decentralized crypto trading protocol capable of cross-chain swaps, has become the third-largest decentralized exchange (DEX) in terms of trading volume over the past seven days. Over the past week, THORChain recorded a trading volume of $1.32 billion, third to Uniswap, which registered $10.85 billion, and PancakeSwap with $2.77 billion,…
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dYdX completes the launch of its layer-1 proof-of-stake blockchain with the creation of its genesis block by chain validators. Decentralized cryptocurrency exchange dYdX has launched its layer-1 blockchain with the creation of its genesis block, which will operate using native DYDX tokens. The dYdX Chain is set to distribute all fees to validators and stakers…
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Usage is down, but the future of crypto looks bright thanks to adoption in up-and-coming economies, according to Chainalysis. India leads the world in crypto adoption, followed by Nigeria and Vietnam, according to a new Chainalysis report. Nonetheless, North America accounts for nearly a quarter of all value received by cryptocurrency exchanges, with the United…
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