Binance hits record high of $80B in daily volume as crypto markets surge
Binance has reported a new record of more than $80 billion in daily volume across its spot and derivatives platforms. Go to Source Powered by WPeMatico
Sam Bankman-Fried
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FTX Exchange Launches Pre-IPO Futures Contracts for the Coinbase Public Listing
After the San Francisco-based exchange Coinbase announced it was registering with the U.S. Securities and Exchange Commission (SEC) in order to have an initial public offering (IPO), FTX Exchange CEO Sam Bankman-Fried said the company would launch pre-IPO futures. On December 21, Bankman-Fried announced the launch was now live and Coinbase pre-IPO futures contracts are … Read more
Coinbase Allegedly Taps Goldman Sachs to Lead IPO, FTX Exchange May Launch Pre-IPO Futures
Following the San Francisco-based cryptocurrency exchange’s initial public offering (IPO) Form S-1 draft registration, reports note that Goldman Sachs will likely lead the IPO. Moreover, the digital currency trading platform FTX is rumored to be launching a Coinbase futures market before the public listing. Two days ago, on December 17, 2020, Coinbase announced filing registration … Read more
Sam Bankman-Fried believes even ETH 2 can’t handle DeFi’s potential growth
FTX’s Sam Bankman-Fried doesn’t believe Ethereum will be able to provide the scaling capabilities required by the DeFi sector in future. Go to Source Powered by WPeMatico
Decentralized Exchanges That Use Automated Market Makers Now Represent 93% of the Market
A recent report by Consensys says the surge in decentralized exchange (DEX) volumes in Q3 of 2020 is down to their adoption of the automated market maker (AMM). According to the report, DEXs that use AMM, a software that algorithmically creates token trading pairs, now represent 93% of the market. The good side of AMMs … Read more
12 Defi Con Artists Exposed – Are Rug Pulling Incidents Threatening the Future of Defi ?
The ongoing hype about the abnormally high returns from Defi tokens has naturally seen many more investors moving funds to decentralized protocols. As of October 10, total value locked in Defi protocols was nearly $11 billion. However, despite this apparent endorsement of Defi, rug pulling incidents and outright scams now seem to be blighting this … Read more
Defi Boom: Bubble Fears Grow as ‘Toxic’ Community Disagrees on Way Forward
The decentralized finance (defi) space is headed for an implosion unless the divided community leaders step forward with solutions. This is discernible from September 13 Sunday morning tweets by some influential players in the defi space wherein they attack each other. Waves blockchain creator Sasha Ivanov kicked things after depicting current defi ecosystem as Ponzi … Read more
Sushiswap’s 2 Million Token Airdrop: Founders Face Accusations of ‘Making Defi a Joke Again’
Sushiswap’s new leader and FTX CEO Sam Bankman-Fried tweeted on September 12 that the promised 2 million token airdrop would go on as scheduled. The process was expected to last up to two hours or less depending on network congestion. The airdrop caps an eventful week for Sushiswap that started with the reported ‘exit scam’ … Read more
Creator leaves SushiSwap in hot water as multisig revival is on the menu
SushiSwap’s community will take charge of the platform once it completes its migration to a multisignature contract from Uniswap. Go to Source Powered by WPeMatico
Defi’s Raw Deal: Sushiswap Creator Transfers Multi-Sig Control to FTX CEO
After a number of individuals from the crypto community accused the anonymous developer Chef Nomi of exit scamming, the developer transferred the project over to Sam Bankman-Fried, the CEO of the trading platform FTX. On Saturday, September 5, the decentralized finance (defi) community got upset with the creator of Sushiswap, a forked project copied from … Read more