Cryptocurrency Analysis and News Portal
The Terra network and Do Kwon rose to the highest tier of the crypto world thanks to big-shot investors, only to fall apart within a few days in May 2022. On May 7, the price of the then-$18-billion algorithmic stablecoin UST, which is supposed to maintain a $1 peg, started
Read More
Terraform Labs, founded by Do Kwon, has once again accused Citadel Securities of deliberately causing the depegging of its TerraUSD (UST) stablecoin in 2022. On Oct. 10, the company filed a motion in the United States District Court for the Southern District of Florida to compel Citadel Securities to release documents
Read More
Do Kwon-founded Terraform Labs has again pointed the finger at market maker Citadel Securities for its role in an alleged “concerted, intentional effort” to cause the depeg of its stablecoin in 2022.On Oct. 10, Terraform Labs filed a motion in the United States District Court in the Southern District of
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied EDX Markets, a crypto exchange with backing from prominent financial entities, including Charles Schwab, Fidelity Digital Assets, and Citadel Securities, has officially commenced trading in four cryptocurrencies. The launch follows EDX’s earlier plan to introduce a “non-custodial”
Read More
EDX Markets plans to step into the crypto space just when the regulatory developments are quite hot and the US SEC has been cracking hard on crypto firms. The cryptocurrency landscape in America seems to be undergoing a seismic shift, and it’s still too early to say whether it is
Read More
Recent data shows that Silvergate Bank, a crypto-friendly financial institution, has become the most shorted stock in the United States, according to the Financial Industry Regulatory Authority. On Tuesday, Silvergate’s stock saw a rise after it was discovered that Citadel Securities holds a 5.5% stake in the bank, according to
Read More
An SEC filing shows the stake, which doesn’t necessarily represent a new investment strategy. Source
Read More
A number of financial giants including Fidelity Investments, Citadel Securities, and Charles Schwab Corp. announced on Tuesday that the consortium of companies plans to launch a cryptocurrency exchange called EDX Markets. Reports note that firms like Paradigm, Sequoia Capital, and Virtu Financial are also backing the new crypto trading platform.
Read More
It's seeking to nudge crypto toward the low costs seen in U.S. stocks, EDX CEO Jamil Nazarali said in an interview Tuesday. He gave a theoretical example of an investor seeking to buy $5,000 worth of an S&P 500 ETF, whose cost for that trade – as measured by the
Read More
"Crypto is a $1 trillion global asset class with over 300 million participants and pent-up demand from millions more," EDX Markets' board of directors said in a statement. "Unlocking this demand requires a platform that can meet the needs of both retail traders and institutional investors with high compliance and
Read More