Tag: Exchanges
An exchange is a platform that allows you to trade digital assets.
SEI Network (SEI) is a decentralized finance (DeFi) protocol that will be distributing 1% of its total token supply to beta testers who use Vortex, a decentralized derivatives exchange, install its wallet, and join its discord.
A majority of the network’s tokens will be locked in a smart contract. This means that SEI will have an initial circulating supply of 20 million tokens. SEI Network is gearing up for an increase in token...
Genesis Block to Halt Operations Amid Potential FTX Repercussions
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The FTX’s contagious impact continues to spread across the cryptocurrency sector. Genesis Block, once Asia’s biggest Bitcoin ATM provider, is one of the enterprises in the cryptocurrency industry suffering from the FTX crash.
According to a Reuters report, which was picked up by other media outlets, the business notified its customers via email that it would stop its OTC trading facility on December 10. OTC trading, also known...
Crypto adoption, Crypto regulation, Cryptocurrencies, Exchanges, Front page, Main, News
How far does the FTX contagion go?
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Just as 2021 will be recognized as the year institutional money began to enter the crypto world, 2022 will surely be infamous for the seemingly endless list of problems and bankruptcies in the crypto world.
When it came out that Sam Bankman-Fried, the founder of FTX, had taken $10 billion off of FTX’s balance sheet to fix a problem at his sister quantitative trading firm, Alameda Research, the cryptomarkets became very...
“I F*cked Up,” Declares FTX’s Founder
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According to Sequoia Capital, Bankman-Fried, 30, CEO of FTX crypto exchange, was ready to become the world’s first “trillionaire.” This week, FTX openly crumbled.
Three days before, the letter said that “a rival is attempting to use fake information against us,” presumably targeting Binance. Before removing it, he tweeted, “FTX is ok and assets are fine.”
Later, the biggest cryptocurrency...
Changpeng Zhao: looking at possibly owning banks
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During an interview done by the Bloomberg team at the Web Summit conference in Lisbon, Zhao said that he is willing to make minority investments or pursue outright acquisitions in order to reach the previously stated objective.
Changpeng Zhao, CEO and founder of Binance, said that he is contemplating purchasing banks in an effort to further bridge the gap between conventional banking and cryptocurrency.
“There are individuals who...






