Tether Becomes Second Crypto to Launch on Blockchain Futures Platform

KuCoin’s derivatives arm, KuMEX, starts accepting Tether deposits for Bitcoin perpetual contracts on March 30. As the volume of Bitcoin (BTC) derivatives trading continues to rise, the cryptocurrency industry keeps tapping more crypto markets, like stablecoin Tether (USDT), for futures trading. KuMEX, a derivatives arm of IDG-backed crypto exchange, KuCoin, is planning to roll out […]

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How Market Volatility Is Shining a Light on DeFi’s Structural Vulnerabilities

What weaknesses did the Black Thursday and high market volatility reveal for the decentralized finance industry? On March 12, United States President Donald Trump gave a 10-minute speech on COVID-19 that, coupled with the World Health Organization’s official declaration the day before that the outbreak was now a pandemic, sparked panic across global markets. Investors […]

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Canada’s Tax Authority Demands Personal Data on 115,000 QuadrigaCX Users

The trustee representing the users of the now-defunct Canadian crypto exchange QuadrigaCX will submit all of its documents containing user data to Canada’s tax authority. EY, the court-appointed bankruptcy trustee for the defunct Canadian crypto exchange QuadrigaCX, has been asked to submit all of the exchange’s user information to the Canada Revenue Agency (CRA). Court […]

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Indian Tech Giant Mahindra Speeds Up Cross Border Transactions with Blockchain

India’s Tech Mahindra said faster reconciliation and a reduction in paperwork are just two of the benefits of its implementation of the Marco Polo blockchain platform. Tech Mahindra, the IT subsidiary of Indian conglomerate Mahindra Group, has become the first Indian business to use R3’s blockchain-based Marco Polo Network for conducting cross-border transactions. It said […]

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Vitalik Proposes Solution to ‘Embarrassing’ Lack of Bitcoin–Ethereum Bridge

Ethereum co-founder Vitalik Buterin suggests a DEX-bridge solution to the “embarrassing” lack of easy movement between Bitcoin and Ethereum networks. Ethereum co-founder Vitalik Buterin posted a tweet on March 24 claiming that the continuing lack of easy movement between the Ethereum and Bitcoin networks was embarrassing. As a solution, he proposed putting resources into building […]

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