Tag: Exchange

Decentralized Exchange dYdX Suffers Security Breach Amid Talks To Sell Trading Software: Report

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The developer of the decentralized finance (DeFi) exchange dYdX is reportedly negotiating the sale of its derivatives trading software for an undisclosed amount. Citing anonymous sources, Bloomberg reports that dYdX Trading is in talks to sell dYdX v3 software to potential buyers, which include the algorithmic crypto trading company Wintermute Trading and the venture capital firm Selini Capital. The exchange enables peer-to-peer trading of perpetual futures contracts on crypto assets such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and Dogecoin (DOGE). The older, semi-decentralized version of the trading platform uses…

ZK Proofs Arrive on Bitcoin, Roxom Launches Bitcoin-Based Stock, Commodities and Futures Exchange

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July 25: BitcoinOS, a network of Bitcoin-based rollup chains, has verified the first-ever zero-knowledge (ZK) proof on Bitcoin’s mainchain. ZK cryptography is looked to as a key technology for scaling blockchain throughput and usefulness, but the tech is complicated and computationally intense – meaning it was unclear if or when it would make its way to the comparatively bare-bones Bitcoin network. According to the BitcoinOS team, “This is the first permissionless upgrade of the Bitcoin system and the first time Bitcoin has been upgraded without a soft fork.” Bitcoin can…

Under-the-Radar Crypto Exchange Challenging Coinbase’s Dominance in US, According to Kaiko Research

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Coinbase’s market leadership in the US is under threat, according to crypto market data analytics firm Kaiko Research. In a new report, Kaiko Research says that the US crypto exchange landscape has undergone a “shift” with a relatively new entrant Bullish managing to garner increased market share to the point of gaining an advantage over Coinbase on some digital assets. “When it comes to Bitcoin (BTC) and Ethereum (ETH) trading Bullish now has comparable trade volumes to Coinbase. The relatively newer exchange has even eclipsed Coinbase BTC and ETH volumes…

Crypto Exchange Bybit Targets Institutional Traders with 2 New Features

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Tom Higgins | Gold-i Tom Higgins | Gold-i Tom Higgins | Gold-i Tom Higgins | Gold-i Tom Higgins | Gold-i Tom Higgins | Gold-i In this interview, Tom Higgins, CEO of Gold-i, discusses the convergence of crypto and FX liquidity. He explains the challenges of accessing crypto liquidity and how different execution methods, such as iceberg orders, help manage large transactions. Tom addresses the impact of AI in trading, emphasizing its use in sentiment analysis and trading pattern recognition. He also talks about the significance of Bitcoin ETFs in boosting…

Indian Crypto Exchange WazirX Increases Bounty for White Hat Hackers to $23,000,000

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India-based crypto exchange WazirX is increasing a reward offer in hopes of recovering the $230 million that hackers stole from the platform. In a new announcement, WazirX says they are increasing the reward to 10% of the stolen funds, or $23 million. “We invite white hat hackers, blockchain forensics experts and cybersecurity professionals from around the world to join this critical mission and protect the integrity of the crypto ecosystem. For more details on how you can assist in the recovery, please visit our updated blog post.” White hat is…

Crypto Exchange Gate.io Terminates Services in Japan

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Crypto Exchange Woo X Allows Daily Interest Withdrawals from T-Bill-Backed Earn Vaults

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Crypto Exchange Gemini Settles With IRA Financial Trust Over $36,000,000 Hack in 2022: Report

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Crypto exchange Gemini and self-directed retirement and pension accounts platform IRA Financial Trust (IRA) have reportedly reached an agreement to settle a lawsuit stemming from a 2022 cyberattack. IRA sued Gemini after the crypto exchange suffered a security breach in February 2022. The firm claims that $36 million worth of its customers’ assets in Gemini’s custody were lost due to the cybersecurity incident. In its lawsuit, IRA alleged that the theft should not have happened if Gemini’s claims of having robust security capabilities were true. “Contrary to Gemini’s many representations…