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The top two decentralized derivatives platforms, dYdX and GMX, are head-to-head concerning liquidity and trading volumes.The perpetual swap daily trading volume on dYdX ranged between $340 million and $2.6 billion in March, per CoinGecko data. In comparison, GMX did less than $500 million in daily trading volumes.The open interest (OI)
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A report following a two-year investigation from Hindenburg Research claimed digital payments company Block had “systematically taken advantage of the demographics it claims to be helping,” alleging the firm inflated its user metrics and facilitated fraud.According to the March 23 report, Hindenburg Research said Block’s practices allowed users to set
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Garlinghouse noted that financial systems are broken given their high susceptibility to rumors as evidenced by the current banking crisis. In a March 12 Twitter thread to his 700,000 followers, Ripple CEO Brad Garlinghouse addressed his company’s exposure to the collapsed Silicon Valley Bank (SVB), emphasizing the company’s financial stability.
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Ripple CEO Brad Garlinghouse took to Twitter on Mar. 12 to discuss the company’s exposure to Silicon Valley Bank (SVB) and reassure his followers of Ripple's stability. Ripple had exposure to SVB, Garlinghouse said, but “we expect NO disruption to our day-to-day business, and already held a majority of our USD
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According to Kano, the company has become an enterprise that offers nothing new to its customers. Yuzo Kano, who is the co-founder of Japan-based cryptocurrency exchange bitFlyer, is planning to re-establish himself as the CEO in a stakeholder meeting next month. In an attempt to stimulate what according to him is a
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There are fears that India may use its position as president of the G-20 in its fight against the cryptocurrency industry.World’s largest democracy, India, has maintained its crypto tax rules in its latest budget. Last April, the Indian government announced a 30% tax on crypto gains. It also imposed a
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Orthogonal Trading was due to pay back a $10 million USDC stablecoin loan on Dec. 4. Source
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Ether (ETH) price shed roughly 33% between Nov. 7 and Nov. 9 after an impressive $260 million in future contracts longs (buyers) were liquidated. Traders using leverage were surprised as the price swing caused the largest impact since Aug. 18 at derivatives exchanges.Ether/USD 4-hour price at Bitfinex. Source: TradingViewThe $1,070
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Roughly a third of eligible voters in the United States will be “considering crypto policy positions” when choosing candidates in the 2022 midterm elections, according to a new survey.In the results of a 2,029-person survey conducted by The Harris Poll between Oct. 6 and 11, 57% of likely midterm voters say
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According to Wood, people like him perform best when they don’t always have to show up to work or are confined to a set timeframe.A recent Bloomberg report has announced the resignation of Polkadot co-founder Gavin Wood from the position of CEO of blockchain infrastructure firm Parity. The report also
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