Day: January 4, 2023

MEXC launches $20M ecosystem fund to support Sei Network

boss

According to a blog post published on Jan. 4, Singapore-based cryptocurrency exchange MEXC announced that it would allocate $20 million to support developments on Sei Network. A layer one blockchain designed for trading, Sei Network’s stated features include native order matching, frontrunning protection, smart block propagation, and 600 milisecond on-chain trade settlement. Leo Zhao, investment manager of MEXC Ventures, commented:  “AMM [Automated Market Makers] was the dominant market-making method in crypto for the past 2 years. The lack of a more efficient market-making strategy is in large part because of…

Why Did Sam Bankman-Fried Plead Not Guilty?

Further, while crypto-centric observers may see him as some exceptionally influential string-puller in Washington D.C., the truth is that in the grand scheme of political clout, Sam Bankman-Fried is a johnny-come-lately, and a bit of a small fry. Compare him, for instance, to Kenneth Lay, the CEO of Enron. Lay was very close with George W. Bush and other powerful politicians for years, but that didn’t protect him from a 2006 guilty conviction for Enron’s fraud – while his good friend W. was a sitting president. Source

The Year of Web3 Pets

In Crabada, a game on Avalanche, you can be a keeper of fierce, fighting crustaceans. In Nyan Heroes, an upcoming Battle Royale Shooter on Solana, you can own an adorable kitty and its deadly guardian robot and feel good about it, since the game’s developer plans to donate part of its revenue to animal charities. And then there’s NFT games like Petaverse and Digital Dogs that combine blockchain with other tech such as AI, AR and extended reality (XR) to deliver new ways of interacting with virtual pets. Many PFP…

TradFi Fights for Tougher Crypto Rulebook in Wake of FTX Collapse

According to the World Federation of Exchanges, whose members include Nasdaq, the Intercontinental Exchange and the London Stock Exchange Group, the FSB should even “strengthen its stance in requiring separation of activities,” ensuring the same standards apply as would for TradFi players, when crypto companies simultaneously operate platforms, execute trades, and hold or issue cryptocurrency. Source

Solana Leads Crypto Market Gains, How Long Will This Continue?

boss

Solana (SOL) has been ahead of the rest of the crypto market when it comes to gains. The market had seen renewed interest following the holidays which led to a small recovery here and there especially for the large players but Solana had been able to break completely from the trend and record double-digit gains in the last couple of days. What Is Driving Solana’s Growth? Despite being at the forefront of massive FUD that has dragged its price down toward two-year lows, Solana has now been able to recover…

SOL up 15%, as Bullish Sentiment Continues to Rise – Market Updates Bitcoin News

boss

Solana extended recent gains on Wednesday, as the token rose by as much as 15% in today’s session. The move saw prices hit their highest point since mid-December, and comes as market sentiment has shifted in a bullish direction. Cardano was also in the green, as it hit a one-week high today. Solana (SOL) Solana (SOL) rose for a sixth straight session on Wednesday, as market momentum remains bullish. SOL/USD surged to a high of $14.10 earlier in the day, less than a day after trading at a low of…

How time-weighted average price can reduce the market impact of large trades

Time-weighted average price is an algorithmic trade execution strategy commonly used in traditional finance tools. The goal of the strategy is to produce an average execution price that is relatively close to the time-weighted average price (TWAP) for the period that the user specifies. TWAP is mainly used to reduce a large order’s impact on the market by breaking it down into smaller orders and executing each one at regular intervals over a period of time. How TWAP can reduce the price impact of a large order Bids can influence…

Ethereum Builder ConsenSys and AMD SPAC Plows on Despite 95% of Shares Being Redeemed

“As markets got tough last year, deals took longer to get done and SPACs started nearing the end of their lives,” said Alan Annex, co-chair of law firm Greenberg Traurig’s global corporate practice. “The requirement in the charter, designed to protect the shareholders’ money, says you can’t extend the life of the SPAC without offering people the option to get their money back at the time you offer that extension.” Source

$16.8K Bitcoin now trades further below this key trendline than ever

boss

Bitcoin (BTC) is now further below a key moving average than it was at the pit of the March 2020 COVID-19 crash. In a tweet on Jan. 4, popular trader and analyst Rekt Capital revealed just how remarkable the current Bitcoin bear market really is. BTC price 200-week moving average out of reach Not only has Bitcoin now spent more time below its 200-week moving average (WMA) than ever before, it is now further beneath it than at any time in history. Looking at the weekly BTC/USD chart, Rekt Capital…