According to Emperor Osmo, a writer from Cosmos-based automated market maker Osmosis, interchain security could lead to reduced supply of ATOM, as stakers will receive multiple staking rewards from every chain using the share security feature. That, in turn, could boost staking, sucking out coins from the market. Source
The overall financial market is discouraging this week. Stocks and cryptos are plummeting as anticipation of the upcoming rate hike grows. The latest CPI for August was a force that pushed the market towards the edge.ย The figure was higher than expected, increasing fear in the industry. As the Feds prepares to hit the market with the biggest rate hike, exchanges have started liquidating leveraged positions. This strategy is geared at cutting down losses as events unfold. Related Reading: WATCH: Bitcoin Bloody Monday Leads To Reversal Hammer | BTCUSD September…
Crypto is a fast-moving sector where new trends โ decentralized finance and nonfungible tokens among them โ accelerate in the blink of an eye. And as demand for digital assets grows, the need for regulation grows too.ย Anticipating those regulations and having the systems in place for future compliance can position crypto exchanges as industry leaders. Those that do the bare minimum risk falling behind as customers turn to more trusted options. Exchanges, though, can adopt a substantial role in setting the regulatory tone by taking the initiative to go…
Bitcoin price sliding deeper into the pit can likely happen before this year ends. Last week, the cryptocurrency market shed $165 billion of its total market capitalization with crypto frontrunner Bitcoin slumping into a bearish streak. With this development, both traders and investors are now making conscious efforts to look ahead of the leading digital currencyโs possible bottom. Rekt Capital, a well-known crypto trading expert, shared some insights about what could be next for Bitcoin, saying that by the end of this year the asset might just reach another low…
The Merge hasnโt pushed crypto prices as expected. Instead, the third week of September has kicked off with more reds than greens. The entire market has plunged, and even the overall market cap dropped.ย Currently, many crypto assets are losing every hour. Many crypto exchanges are forcefully liquidating leveraged positions. According to Coinglass, the total amount liquidated already has reached $431.51 million, with 130,087 traders affected.ย Related Reading: These Two On-Chain Signals Precede Bitcoin Falls, Suggests Analyst Bitcoin Price Plunged Currently, the Bitcoin price stands at $19,326, indicating a 2.38%…
Just over a year after overseeing El Salvadorโs adoption of bitcoin, the Central American countryโs 41-year-old president, Nayib Bukele, recently declared his intention serve another five-year term. The announcement has been criticized by some who have been quick to remind Bukele that El Salvadorโs constitution prohibits presidents from serving consecutive terms. Re-Election of Presidents a Common Practice in Developed Countries El Salvadorโs bitcoin-embracing leader, President Nayib Bukele, recently revealed that he plans to serve another five-year term even though the countryโs constitution bars presidents from serving consecutive terms. The announcement…
Quantitative trading company Alameda Research will return an estimate of $200 million to Voyager Digital, which is proceeding through bankruptcy. Alameda borrowed the fundsย in cryptocurrencies in September 2021. At that time, the sum was close to $380 million.ย Per a recentย filing in the Bankruptcy Court of Southern District of New York, the parties have reached an agreement, and Alameda will return around 6,553 Bitcoin (BTC) and 51,000 Ether (ETH) by Sept. 30. In its corporate Twitter account Alameda confirmed its readiness to return the funds: happy to return the Voyager…
โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io In this video, Harpal talk about a complete blockchain developer roadmap you can follow to become a web3 developer. Moralis Docs: Ethereum Boilerplate (with React): Moralis Website: Join Moralis Discord: Moralis YouTube Videos: ๐How to become a web3 developer: (A step by step roadmap to become a blockchain developer) According to the average salary of a remote blockchain developer is over $100K/year. You can connect with Harpal on Twitter: ๐ธ Instagram: Join MarkitUpX Discord Server: Timestamps 0:00 Video starts 0:30 Introduction 0:52…
Wintermute, a cryptocurrency market maker based in the United Kingdom, became the latest victim of decentralized finance (DeFi) hacks for approximately $160 million, according to Evgeny Gaevoy, the companyโs founder and CEO. Short communication on the ongoing Wintermute hack โ wishful cynic (@EvgenyGaevoy) September 20, 2022 According to Etherscan, over 70 different tokens have been transferred to โWintermute exploiter,โ including $61,350,986 in USD Coin (USDC), 671 Wrapped Bitcoin (wBTC), which is roughly $13,030,061, and $29,461,533 Tether (USDT). The largest token sum appears to be USDC.ย The companyโs over-the-counter and centralized…
Cryptocurrency market maker and liquidity provider Wintermute has lost $160 million in a hack relating to its DeFi business, according to a tweet from the companyโs founder and CEO. Source 160MCryptoHackedMakerMarketOTCServicesUnaffectedWintermute CryptoX Portal