Wednesday, November 6, 2024
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Hybrid DEX, INNODEX, emerges amid FTX, Silvergate liquidity crises

Silicon Valley Bank (SVB), representing the United States information technology hub, Silicon Valley, went bankrupt due to a bank run, massive deposit withdrawals, in under 14 hours.  SVB’s bankruptcy is the second-largest in history after Washington Mutual went under during the Global Financial Crisis (GFC) in 2008. Silvergate Capital, one of the

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INNODEX positioned to compete with Binance and Uniswap in the era of decentralized exchanges

INNODEX, an upcoming decentralized exchange (DEX) by NvirWorld, plans to take on Binance, a centralized exchange and the largest ramp by trading volume, and Uniswap, a DEX on, among other blockchains, Ethereum. In November 2022, the price of Bitcoin fell from around $20k on Nov. 5 sliding to $15k in five

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