Bitfinex DeFi Offshoot Burns $20M Tokens in Bid to Drive DEX Adoption

DeversiFi begins aggressive deflationary model by burning $20 million of its NEC token to drive decentralized exchange adoption following recent crypto sell-off. DeversiFi, the decentralized exchange (DEX) spin-off of former Bitfinex sister exchange Ethfinex, has burned $20 million worth of its governance and utility token, Nectar (NEC). According to a statement, March 30, this is […]

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Liquid Federation Announces 10 New Members

Blockstream’s Liquid Federation welcomed 10 new members — comprising notable crypto exchanges and custody providers. Blockstream’s Liquid sidechain settlement network welcomed 10 new members to the Liquid Federation on March 27. The new additions bring the Liquid Federation’s membership up to 45 — including crypto exchange trading desks, and financial institutions. New members come from […]

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Binance Holds $1B in ERC-20 Stablecoins

Huobi sits in second place. Binance has more than $1 billion in ERC-20-based stablecoins as of March 24. This figure surpasses a milestone that quite far ahead of second-place Huobi. Binance holds $1,007,585,549 of these stablecoins as of press time, a balance that has grown some $105,583,132 over the past seven days, according to the […]

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Crypto Exchange Bitfinex Unveils Anti-Manipulation Tool ‘Shimmer’

Cryptocurrency exchange Bitfinex deployed its proprietary market surveillance tool to combat market abuse on the platform called “Shimmer.” Cryptocurrency exchange Bitfinex deployed its proprietary market surveillance tool to combat market abuse on the platform called “Shimmer.” According to an announcement shared with Cointelegraph on March 24, Shimmer is meant to identify and investigate possible manipulative […]

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Coronavirus ‘Didn’t Cause’ Crash, BTC Recovery ‘Will Take Months’: Hodler’s Digest, Mar. 16–22

Changpeng Zhao rejects claims that Bitcoin crashed because of the coronavirus, and debate rages on how closely BTC is correlated to the U.S. stock market. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions […]

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