Decentralized exchanges usually let users swap one asset for another, but a new tool claims to let users swap 300 tokens at the same time. Source
New Avalanche Dapp Lets Traders Swap Hundreds of Different Tokens in Single Transaction
Month: September 2023
Jordan Peterson Sparks Debate On How Bitcoin Can Solve Major Banking Problem
The flagship cryptocurrency, Bitcoin, was created with the goal of disrupting the traditional financial system. In support of this, Best-selling Author and Clinical Psychologist Jordan Peterson has suggested that customers should abandon the banking system and probably adopt Bitcoin. Jordan Peterson Says Bitcoin Over Banks Peterson was making this suggestion in response to a news report that Macquarie Bank, Australia’s fifth largest bank, was planning to transition to a digital-only banking system by November 2024. In line with this, the bank will begin phasing out cash, cheque, and phone payment…
9 US senators publicly back Elizabeth Warren’s crypto bill
Nine United States Senators have added their support to Senator Elizabeth Warren’s Digital Asset Anti-Money Laundering Act, according to a statement from Warren’s office. The press release on Warren’s official senate webpage names Democratic Party Senators Gary Peters, Dick Durbin, Tina Smith, Jeanne Shaheen, Bob Casey, Richard Blumenthal, Michael Bennet and Catherine Cortez Masto, along with independent Senator Angus King, as those who joined the bipartisan coalition supporting the bill. Peters is the chair of the Senate Homeland Security and Governmental Affairs Committee, while Durbin is the chair of the Senate Judiciary Committee.…
Crypto Exchange JPEX Halts Trading, HK Police Arrest an Influencer
Hong Kong police has arrested a social media influencer, Joseph Lam Chok this morning (Monday) for his involvement with the cryptocurrency trading platform, JPEX, which is facing allegations of fraud, according to the South China Morning Post. The arrest came hours after the troubled exchange confirmed the suspension of trading activities following a probe by Hong Kong’s Securities and Futures Commission (SFC). “Due to the unfair treatment by relevant institutions in Hong Kong towards JPEX, a cryptocurrency trading platform, and a series of negative news, our partnered third-party market makers…
Ether (ETH) Prices are Trading at 27% Discount to Fair Value, New Research Shows
Per the Metcalfe law (ML), the value of the network is directly linked and proportional to the square of the number of users it has. Ether enables users to transact on the Ethereum blockchain, earn interest, and participate in network security through staking, store non-fungible tokens and much more. Thus, ether’s value proposition has long been closely tied to Ethereum’s network usage. Source
Billionaire Cuban Loses Ether (ETH), RARE, and Other Tokens to Crypto Phishing Scam
Phishing attacks trick users into divulging sensitive data, downloading malware, and exposing their private information. Such attacks are extremely common in the crypto industry, as users may fail to check the source of requests on a crypto wallet, or unknowingly download a fake application that mimics the original – one that exists only to steal holdings. Source
Scaramucci leads bidding for Silicon Valley Bank VC arm: Report
SVB Financial Group, the former parent company of Silicon Valley Bank is getting closer to a deal that will see the institution sell its venture capital arm SVB Capital. According to a Sept. 15 report from the Wall Street Journal — citing sources familiar with the matter — Anthony Scaramucci’s SkyBridge Capital and Atlas Merchant Capital are jostling with the San Francisco firm Vector Capital in the final stages of the bidding process. Sources claimed that SVB’s venture capital arm could be sold off for between $250 million and $500…
Idealistic Ethereum community-built zkEVM Scroll launching in weeks
After two years of development, a group of Ethereum idealists are close to launching their zero-knowledge EVM (Ethereum Virtual Machine) — Scroll — developed with Ethereum’s values in mind. While there are already several zero-knowledge EVMs in existence today, Scroll co-founder Ye Zhang told Cointelegraph at Token2049 that the project was “idealistic” as the team was sticking to the philosophy and the principles that Ethereum already cultivates. Zhang said that they have been working on this mostly as a “labor of love,” driven by a shared vision to scale Ethereum…
Jacksonville Jaguars’ Trevor Lawrence and Two YouTube Influencers Settle FTX Case
Other celebrities who have been sued for promoting FTX include the likes of Shaquille O’Neal, Tom Brady, Gisele Bundchen, and Steph Curry. Lawyers leading the case against the celebrities said in the filing that they are engaged in confidential discussions, and there is a “likelihood that other FTX settlements will be reached,” according to court filings. Source
Hong Kong Probe Into Crypto Exchanges JPEX Results in Arrest
“Recently, due to the unfair treatment by relevant institutions in Hong Kong towards JPEX, a cryptocurrency trading platform, and a series of negative news, our partnered third-party market makers have maliciously frozen funds,” the exchange said in a blog post. “They demanded more information from the platform for negotiation, restricting our liquidity and significantly increasing our daily operating costs, leading to operational difficulties.” Source