Author: Eva Thaylor
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Polygon revenue increased, but TVL continued to decline Decreased MVRV ratio and social dominance polygon [MATIC] In terms of revenue in the last 24 hours, it made headlines again in the community as it ranked 3rd in the list of top DeFi projects behind Uniswap [UNI] and quick swap [QUICK]. Top DeFi Projects by Fees and Revenue @0xpolygon ecosystem last 24 hours $UNI @uniswap$QUICK @QuickswapDEX$MATIC @0xpolygon$AAVE @AaveAave$DODO @BreederDodo$MVX @MetavaultTRADE$sushi @sushi swap$CRV @Curve Finance$ Woo @WOO network$FSX @fraxfinance#polygon $MATIC pic.twitter.com/45yIlkvTkZ — Polygon Daily 💜 (@PolygonDaily) November 16, 2022 Despite revenue growth, Polygon’s DeFi space didn’t look optimistic as its Total Value…
November 17, 2022 – Cupertino, CA DStorage leader 0Chain becomes Züs, delivering ultra-fast solutions for the future of DeFi NFTs and Web 3.0. Emerging from DStorage leader 0Chain, Züs has arrived at the perfect time to solve one of the major problems facing Web 3.0. – Will the decentralized internet rely heavily on centralized cloud data solutions? Züs, an open source protocol, is a high-performance, ultra-fast distributed storage network that opens the door to endless possibilities for Web 3.0. Züs, god of the sky, finally takes Web 3.0 beyond the cloud. As blockchain technology continues to evolve, so do the…
Former FTX CEO Sam Bankman-Fried (SBF) is listed as a keynote speaker at The New York Times’ 2022 DealBook Summit on November 30, 2022, but has no role at the company. This led to speculation that SBF had ties within The Times, with an article published by The New York Times believing some crypto community members downplayed the severity of the exchange’s collapse. later. Sam Bankman Freed joins political mogul Held at Lincoln Center in New York City, the event includes New York City Mayor Eric Adams, BlackRock CEO Larry Fink, former Israeli Prime Minister Benjamin Netanyahu, U.S. Treasury Secretary…
FTX bankruptcy proceedings have begun, led by the company’s new CEO, John Ray. Ray took over the reins of the failed company after the company’s founder and former CEO, Sam Bankman-Fried, resigned from his duties and position. In the past, Wray has led bankruptcy and liquidation processes for other companies, including energy giant Enron. The current CEO of FTX, he has decades of experience in the field, but when he arrived he was still shocked by the state of the crypto exchange platform. BTC price reacts negatively to FTX’s collapse on the daily chart. sauce: BTCUSDT Tradingview FTX Loses Billions…
After legal proceedings began in the United States on November 11, the debtor (who remained in the company) said, “The government of the Bahamas directed unauthorized access to the debtor’s system for the purpose of obtaining digital assets. We have credible evidence that we are responsible.” Filings attributed to FTX Trading. technology Google news
Overview: Binance CEO Changpeng Zhao told CNBC that due diligence during FTX trading did not last long.Zhao said that Sam Bankman-Fried’s “diversion of user funds” on the cryptocurrency exchange has been revealed as the process begins.The deal collapsed after Binance saw the book, and FTX filed for bankruptcy shortly after. Changpeng Zhao, CEO of centralized cryptocurrency exchange Binance, expanded due diligence on FTX after Sam Bankman-Fried called for help. Zhao speaking to CNBC disclosed Some of what happened during due diligence. According to CZ, Binance did not go deep into the process before making the decision against the purchase. Zhao’s…
A third-party audit has revealed that the Luna Foundation Guard spent $2.8 billion to secure the peg of the algorithmic stablecoin TerraUSD (UST). Reported audit results The audit was conducted by JS Held, a consulting firm based in Jericho, New York. In May 2022, Luna Foundation Guard (LFG), the parent company behind the collapsed Terra ecosystem, spent $2.8 billion worth of cryptocurrency to defend the algorithm’s dollar peg for his UST stablecoin. It turns out. In fact, the foundation transferred over 52,000 BTC of him from reserves to Jump Trading. The audit also revealed that he spent $613 million to…
Nestcoin, a Nigerian Web3 startup that received funding from Alameda Research in 2021, revealed on Nov. 14 that a “substantial proportion of stablecoin investment” remains in FTX. According to the startup CEO, laying off some employees will allow the company to focus on building a more decentralized cryptocurrency future. Using FTX as a Custodian for Nestcoin Stablecoins Nigerian Web3 startup Nestcoin notified investors on Nov. 14 that funds allocated for the entity’s day-to-day activities were stuck on the failed cryptocurrency exchange FTX. Web3 startup said the decision was made to let some employees go after reassessing its business position. https://twitter.com/Yele…
Crypto analytics firm Santiment analyzes why one decentralized exchange (DEX) altcoin has become so popular amid crypto’s downturn. dYdX’s Governance Token (DYDX) DEX hit a low of $1.19 on November 9th and a high of $2.78 on November 14th, a 133% gain. The 102nd-ranked crypto asset by market capitalization has since lost some of those gains, trading at $2.26 at the time of writing. Santiment notes that “smart money” has accumulated DYDX before the price hike. Between 1,000 and 10,000 of his DYDX mid-tier addresses accumulated the highest level of assets in 11 months by Nov. 14. Source: Santiment/Twitter dYdX…