A few days after receiving control over the popular SushiSwap protocol, FTX CEO Sam Bankman-Fried revealed his personal ideas regarding its future. Those included gradually reducing the total supply after efficiently executing the multi-sig wallet transition.The Backstory: Transferring Control Over SushiSwapThe drama started the past weekend when SushiSwap’s lead developer, going by the Twitter handle Chef Nomi, cashed out his SUSHI tokens and exchanged them for millions worth of ETH. The...
Read More »SUSHI Rebounds 190% As Sushiswap Lead Dev Transfers Control to FTX CEO
Sushiswap is all the rage within the cryptocurrency community right now. The protocol that’s intended to be a fork of Uniswap had all eyes turned to it as the lead developer dumped all of his tokens on the market, essentially crashing the price of its native SUSHI token by more than 50%.However, since then, the lead developer has transferred control over the protocol to the CEO of FTX, which was seen as a boost of confidence by the community. Consequently, the price surged.Sushiswap Lead Dev...
Read More »#957 Bitcoin Zyklen, FTX kauft Blockfolio 150 Millionen & MicroStrategy findet Nachahmer
Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 957. Im heutigen Video geht’s um folgende Themen: Bitcoin Zyklus verlängert sich, FTX übernimmt Blockfolio für 150 Millionen US-Dollar & Bitcoin-Rücklagen immer populärer. 1.) This Unique Perspective Makes It Clear Bitcoin Cycles Are Lengtheninghttps://www.newsbtc.com/2020/08/27/bitcoin-cycle-comparison-chart-lengthening/ 2.) FTX übernimmt Blockfolio für 150 Millionen...
Read More »Crypto Derivatives Exchange FTX Acquires Blockfolio For $150 Million
The cryptocurrency derivatives exchange FTX has purchased one of the most utilized cryptocurrency applications – Blockfolio for $150 million. As a result, Blockfolio will add a retail trading experience for its over 6 million users.FTX Buys BlockfolioAfter recently launching a DEX focused on DeFi trading called Serum, FTX continues expanding, acquiring the popular app for $150 million.The consumer application, which has been downloaded over 6 million times on iOS and Android, previously...
Read More »FTX Launches A Top 100 Uniswap Index Futures As DeFi Demand Grows
The cryptocurrency derivatives trading exchange FTX has launched a Uniswap futures index combining the top 100 pools on the Uniswap platform.At the same time, the company’s recently released DEX dubbed Serum focused on the growing DeFi trend, continues with new developments.FTX Lists a Uniswap IndexFTX announced the launch of the Uniswap futures index yesterday. Essentially, it allows traders to employ a traditional digital asset exchange to access markets from the decentralized trading...
Read More »The Story Behind The Problematic Listing Of Ampleforth (AMPL) on FTX Exchange
Ampleforth (AMPL) was listed on the popular cryptocurrency derivatives and spot exchange FTX yesterday.While a spot listing is something that no one would question, FTX also listed AMPL for futures trading under their Perpetual contract. This raised more than a few eyebrows, mainly because of the cryptocurrency’s underlying mechanics and its impact on spot prices.Less than a day after the listing, the price for AMPL shot up to $13,000, which, according to the CEO of the exchange, was “an...
Read More »How to Seize What Might Be Unprecedented Crypto Buying Opportunity
Although it is true that most cryptocurrencies have experienced significant losses in recent weeks, similar losses have been seen on multiple occasions in the past, and the market has always bounced back stronger than before.The last month has been an interesting time for both cryptocurrency traders and holders, as the cryptocurrency market witnessed one of the biggest crashes in its brief history.As it stands, the vast majority of cryptocurrencies have lost more than 40% of their value in...
Read More »Binance Invests in Open Data Framework Numbers Protocol
In their latest blog post, Binance calls itself a “global blockchain ecosystem”. It has recently invested in a blockchain protocol that focuses on data traceability and monetization. However, the amount of the investment currently stays undisclosed.Gin Chao, Binance’s Strategy Officer explained that the Numbers team “has strong technical backgrounds and expertise in building blockchain applications with practical use cases”.“Numbers app is integrated with Binance Chain through Zion, a...
Read More »CME Bitcoin Futures Options Overtake Bakkt with over $2 Million in Debut Trading Volume
Bitcoin (BTC) futures options trading is now live on the Chicago Mercantile Exchange – CME. The offering went live yesterday Jan. 13 and began trading after it successfully got approval from regulatory authorities. The CME Group announced this on its website as trading went live. According to the page, Bitcoin futures options were created to satisfy customers’ yearnings. It says it was done “in response to growing interest in cryptocurrencies and customer demand for tools to manage Bitcoin...
Read More »CME Group Is Launching Its Bitcoin Options amid High Anticipation in the Market
It seems that traditional institutions are finally realizing that no-can-do without cryptocurrencies anymore. If we look at the market movements, there is huge impatience for the launch of CME Group Inc. options that should happen today.It is interesting because it is not the first of a kind. Bakkt that is under New York Stock Exchange parent Intercontinental Exchange Inc. began with the work in December last year. Moreover, as we have recently reported, yesterday FTX crypto derivatives...
Read More »