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Trading volume on decentralized exchanges (DEX) jumped by 88% in the 24 hours after the news that the U.S. Securities and Exchange Commission (SEC) sued centralized crypto exchange Binance. On June 5, the financial regulator filed 13 charges against Binance and its CEO, Changpeng Zhao, for violating federal securities law and further alleged that the…
Andreessen Horowitz (a16z) voted against the deployment of decentralized exchange (DEX) Uniswap (UNI) on the BNB Chain via Wormhole. The crypto investment firm placed its 15 million UNI holdings against the proposal — making it the largest voting bloc among the 36 million votes cast at press time. A16z defends decision A16z said it does…
Uniswap V3 has become the most popular Ethereum contract in 2022, ranking first when it comes to total gas used throughout the year. According to data from Dune Analytics, Uniswap V3 used up over 2.8 million gas in 2022. This is more than three times higher than the amount of gas consumed in Uniswap V2,…
Binance has responded to the allegations about misusing its user tokens, saying it was a misunderstanding of what happened. Uniswap founder Hayden Adams pointed out that Binance delegated 13 million UNI tokens which technically belonged to its users, increasing its voting power on the platform. Yesterday @binance delegated 13M UNI from its books, making it…
Blockchain security company Elliptic revealed that around $4 billion had been laundered through decentralized exchanges, cross-chain bridges, and coin swaps since 2020. According to the report, the illegal use of DEXs usually comes in the form of coin swapping. This could be swapping tokens to avoid asset freeze, swapping for ETH, or swapping tokens to…
Decentralized exchange Uniswap is in talks with seven NFT lending protocols, according to a tweet from its head of NFT product Scott Lewis. uniswap is the interface for all nft liquidity. we are now in talks with 7 nft lending protocols. we will be working with each one to solve for liquidity fragmentation and information…
Grayscale has said in a report that the current crypto winter could last for another 250 days, based on previous market cycles. According to Grayscale’s “Bear Markets in Perspective” report, a crypto market cycle has an average life span of 4 years (1275 days), and a bear market begins when the realized price moves below the…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Layer-1 blockchain network Harmony Protocol (ONE) said on June 24 that a hacker exploited its horizon bridge, and roughly $100 million worth of tokens on the bridge were stolen. 1/ The Harmony team has identified a theft occurring this morning on the…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Uniswap Labs, the development team behind the decentralized exchange, announced that it has acquired Genie, the world’s first NFT marketplace aggregator. According to the company’s announcement, acquiring Genie will expand the Uniswap (UNI) ecosystem and integrate both ERC-20 tokens and NFTs…