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Platypus Exploiters Acquitted of Wrongdoing in Landmark Case
4.12.2023
Mohammed and Benamar M., two brothers accused of exploiting Platypus, an avalanche-based automated market maker (AMM) platform, were acquitted of any criminal wrongdoing in a landmark case for French justice. The judge in charge stated that the individuals just interacted with a smart contract that...
WOO X Crypto Exchange Reopens Trading with Enhanced Security After Market Maker Breach
20.11.2023
Source: iStock/JuSun Crypto trading platform WOO X has resumed operations after one of its market markers saw a significant amount of crypto assets withdrawn due to a breach of its security system. “It is business as usual for WOO X, as WOO reassures users that all client assets remain secure...
DEX Platform Uniswap Rolls Out Android App With Swap Feature
14.11.2023
Source: Uniswap Popular Ethereum-based decentralized exchange (DEX) platform Uniswap has finally released its Android mobile wallet app to the public. Making the announcement on X (formerly Twitter), the automated market maker (AMM) protocol stated that the app is now available for...
Wintermute Considers Legal Action as NEAR Foundation Refuses Redemption of $11.2 Million USN Stablecoin
8.11.2023
Image Source: Wintermute Crypto market maker Wintermute is considering legal action after the NEAR Foundation and Aurora allegedly failed to honor an agreement to convert $11.2 million worth of USN stablecoins. In a recent post on X (formerly Twitter), Wintermute CEO Evgeny Gaevoy accused NEAR...
Worldcoin Adjusts Token Strategy; Shifts Orb Rewards and Alters Market Maker Agreements
23.10.2023
Worldcoin, which uses iris biometrics to create a unique human identity database, said Sunday it is changing the distribution of its circulating WLD token supply and its market maker loan agreements. The project, launched in July, will decrease the loan amounts to market makers and will start...
Belgian Market Maker KeyRock Acquires Swiss Anti-Money Laundering Approval
27.9.2023
KeyRock, the Belgian crypto market marker, has successfully gotten clearance from the Swiss Financial Services Standards Association (VQF).
On September 26, Keyrock successfully obtained approval from the VQF, a recognized financial standards organization sanctioned by Swiss regulatory...
Market Maker KeyRock Secures Swiss Anti-Money Laundering Clearance
26.9.2023
The Brussels-based crypto firm joins the likes of BitGo in being approved by standards body VQF
Balancer blames ‘social engineering attack’ on DNS provider for website hijack
21.9.2023
Blockchain security firms SlowMist and CertiK also believe the crypto wallet drainer Angel Drainer was involved in the estimated $238,000 exploit
Decentralized Exchange Sushi Ventures Beyond Ethereum by Expanding to Aptos
12.9.2023
The decentralized crypto exchange Sushi is expanding to the Aptos blockchain. The team noted that the move marks Sushi’s first expansion onto a non-EVM blockchain. From Ethereum to Aptos Sushi is a decentralized exchange (dex) and automated market maker (AMM) built on the Ethereum blockchain....
Celsius creditors allege Wintermute facilitated 'wash trading': Report
24.6.2023
It was alleged that Celsius executives engaged Wintermute to conduct wash trading to “fraudulently" manipulate trading volumes on the Celsius platform
Uniswap releases version 4 code, allowing for new types of liquidity pools
13.6.2023
The new version features “hooks” that will allow for more customized options, but it will not be implemented until more feedback is obtained from the community
Citadel Securities Suing Two Former Employees After They Left To Form a Crypto Firm
17.5.2023
Citadel Securities is suing two former employees after they left to form a cryptocurrency market-making firm.
One of the world’s largest market makers claims that Leonard Lancia and Alex Casimo started raising capital and building the trading firm Portofino Technologies, while still working...
Top Market Makers Jane Street and Jump Crypto Pare Down US Crypto Operations Amid Regulatory Pressure
10.5.2023
Two prominent market-making firms Jane Street Group and Jump Crypto are cutting back their digital asset trading activities in the US due to heightened regulatory pressure.
Jane Street is also scaling back its global crypto ambitions due to regulatory uncertainty, which makes it difficult for...
Market Makers Jane Street, Jump Retreating From U.S. Crypto Trading: Bloomberg
9.5.2023
The move comes as U.S. regulatory scrutiny of the crypto industry has intensified, Bloomberg reported
Institutionally-Focused Crypto Exchange Bullish Partners With Market Maker B2C2 in Liquidity Drive
2.5.2023
Prior to the announcement, Bullish had only logged $200 billion in trading volume since its launch in November 2021
Market Maker DWF Labs’ More Than $200M in Deals Blur What ‘Investing’ Means
14.4.2023
DWF Labs made headlines with flurry of investments in crypto projects such as CryptoGPT or Synthetix. A closer examination reveals that many of their deals aren’t typical venture capital investments. However, the firm says it’s all a misunderstanding
Symbiosis integrates zkSync: ‘Natural evolution' of scaling solutions
10.4.2023
Cross-chain DeFi platform Symbiosis has integrated zkSync to improve transaction speed and reduce fees on its automated market-making protocol
Crypto-Focused Menai Financial Group Shuttering Market-Making Business in London and Tokyo
5.4.2023
The firm said it continues to invest in and grow its asset management business
‘Over-Collateralization Can Help Mitigate the Risk of Stablecoin Depegging’ — Pendulum CTO
5.4.2023
Despite being touted as a game-changing innovation, the decentralized finance (defi) ecosystem is still not connected to fiat rails largely because of regulatory and compliance issues, Torsten Stuber, the CTO at Pendulum says. According to Stuber, the defi ecosystem will succeed in getting more...
PancakeSwap changes its recipe with the launch of Version 3
3.4.2023
PancakeSwap has released version 3 of its BNB Chain, Aptos and Ethereum-based DeFi platform, touting improved performance and lower fees