FTX.US last purchased Ledger Holdings, the parent company of LedgerX, for $298 million in October 2021, according to audited financial documents viewed by CoinDesk. Source
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Chainlink’s (LINK) low-latency oracles will integrate with the decentralized exchange (DEX) GMX following a successful governance proposal that sought to provide more “granular” real-time market data to GMX v2. Voting ended on April 25 at 12:00 am UTC, with over 96% of participating GMX tokenholders voting in favor of the proposal. The new Chainlink oracles — which were built with the input of GMX core contributors — were brought in to improve upon the functionality of perpetual DEXs and price-sensitive trading on GMX, the author of the proposal explained. The…
“The low-latency oracles will bring the industry one step closer to the performance level that currently exists outside of it, while our economic alignment helps set the foundation for a more sustainable ecosystem,” said Johann Eid, vice president of Go-To-Market at Chainlink Labs. Source
When Binance announced the 10,000-euro limit for users inside Russia, it stated “the EU’s fifth package of restrictive measures against Russia” required the limitations. While the sanctions are still in place, this restriction no longer exists on Binance, according to media reports, and neither does the Russian bank cards ban. Last month, however, Binance prohibited peer-to-peer (p2p) trades in dollars and euros for Russian citizens and residents, leaving only the Russian ruble option. The Binance spokesperson confirmed this restriction remains. Source
Users in Russia report they once again can use locally issued Mastercard and Visa cards to deposit money on the crypto exchange more than a year following a wartime prohibition on such transactions. Source BinanceBitcoinCryptocryptoexchangeExchangeExchangesliftsReportRestrictionsRussiaRussianUsers CryptoX Portal
American crypto exchange Gemini is expanding its operations overseas as US federal regulators create uncertainty in the industry at home. The exchange says it’s launching the Gemini Foundation, a non-US crypto derivatives platform that will initially offer customers with a perpetual Bitcoin (BTC) contract denominated in Gemini dollars (GUSD). Gemini says the platform will launch a GUSD-linked perpetual Ethereum (ETH) contract next amid plans to offer more derivatives products in the coming months. “Eligible customers will be able to trade both spot and derivatives products and execute all of their…
KuCoin has assured all the impacted users that it would reimburse them the amount lost while also pledging additional security measures. In the latest development, the hackers managed to briefly breach the Twitter account of the crypto exchange KuCoin thereby causing the exchange users to lose more than $22,000. Earlier today on April 24, hackers took over KuCoin’s Twitter account for 45 minutes, promoting a fake activity. Although the incident was brief, KuCoin has acknowledged that it identified 22 such transactions in connection with the fraudulent activity, including that of…
There has been a lot of commentary concerning the U.S. raising its debt limit, as Treasury secretary Janet Yellen said last month that a U.S. default would be “devastating,” and European Central Bank president Christine Lagarde warned it would be a “major disaster” if the U.S. defaulted on its obligations. It now appears that Republican politicians are willing to raise the country’s debt limit, but only if fellow lawmakers repeal the mandates on green energy and climate change in the Inflation Reduction Act. Debate Over Inflation Reduction Act Heats Up…
OPNX, an exchange jointly founded by members of the Three Arrows Capital (3AC) and Coinflex teams, has revealed the venture capital firms purportedly backing it. An April 21 video posted by the company featured CEO Leslie Lamb thanking some of the major backers of the project, including AppWorks, Susquehanna (SIG), DRW, MIAX Group, China Merchant Bank International, and Token Bay Capital. 1/ As we approach the launch of claims for our first estate, Celsius, we’d like to express gratitude to everyone who believed in our mission of helping 20M+ claimants.…