11 - 2023 | MachinaTrader.com

Deutsche Bank and Standard Chartered Collaborate on Stablecoin Swap Using Blockchain Technology

Deutsche Bank and Standard Chartered recently collaborated on a significant exchange of dollars for euros using stablecoins and blockchain technology. This departure from the trend of decentralization highlights a more centralized approach. While decentralized exchanges like Uniswap have made currency swaps user-friendly and accessible, banks engaging in swaps operate within their own infrastructure, even when […]

FTX Lawsuit Accuses Bybit of VIP Privileges and Withdrawing $953M Before Collapse

FTX, a cryptocurrency exchange, has filed a lawsuit against Bybit and its affiliates, accusing them of using fraudulent tactics to withdraw $953.2 million from the FTX platform before it collapsed. The lawsuit alleges that Bybit and its affiliates had VIP privileges that allowed them to prioritize their withdrawals, leaving FTX’s non-VIP customers struggling to access […]

Porto Alegre Recognizes May 22 as Bitcoin Pizza Day

A bill has been passed in the city of Porto Alegre, Brazil, recognizing May 22 as Bitcoin Pizza Day. The mayor of the city, Sebastiao Melo, approved the law at the end of August. The bill was drafted by councilors Jesse Sangalli and Alexandre Bobadra, who were inspired by lectures they attended at the Bitcoin […]

Porto Alegre Recognizes May 22 as Bitcoin Pizza Day

Bitcoin: A Solution to Lebanon’s Financial Crisis

Michael J. Saylor, co-founder of Microstrategy, believes that Bitcoin (BTC) could be the solution to Lebanon’s financial crisis. The country’s currency has lost 96% of its value against the US Dollar, leading to hyperinflation and banks imposing restrictions on dollar withdrawals. Saylor claims that commercial banks have failed Lebanon, and he sees Bitcoin as a […]

Taiwanese Prosecutors Identify New Suspects in JPEX Scandal

Taiwanese prosecutors have identified two new suspects in the ongoing investigation of the JPEX scandal. Chang Tung-Ying, the chief partner of JPEX’s Taiwan Office, and JPEX lecturer Shih Yu-sheng are now under scrutiny for alleged fraud. The Taipei District Prosecutors Office has formally requested their custody, citing violations of the Banking Act and the Money […]

Hong Kong’s CMCC Global Raises $100 Million for Asian Blockchain Startups

Hong Kong-based venture capital firm CMCC Global has raised $100 million for its Titan Fund, aimed at supporting Asian blockchain startups. This comes at a time when global venture capital investments in crypto firms have seen a significant decline. The fund has attracted participation from notable investors such as Block.one, Pacific Century Group, Winklevoss Capital, […]

Bitcoin Price Volatility and ETF Speculations Shake Cryptocurrency Market

Bitcoin experienced significant price fluctuations in the past week, driven by rumors surrounding the approval of a Bitcoin ETF. The price surged to $30,000 on Monday due to reports suggesting that the SEC had approved BlackRock’s iShares Bitcoin ETF. However, these reports were quickly debunked, and the price retreated to previous levels. The crypto market’s […]

Uniswap Labs Introduces 0.15% Fee on Selected Crypto Swaps to Support Growth and Development

Uniswap Labs, the entity behind one of the most popular decentralized exchanges, has announced the introduction of a 0.15% interface fee on certain token swaps. This fee will impact trades involving specific tokens, but stablecoin swaps and trades between ether and wrapped ether will remain exempt. The founder of Uniswap, Hayden Adams, stated that the […]