11 - 2023 | MachinaTrader.com

RocketX Integrates with MicroVision Chain to Streamline DeFi Interactions and Boost Blockchain Interoperability

RocketX, a cross-chain CEX and DEX integrator, has announced its support for MicroVision Chain, a Bitcoin scaling solution. This integration will allow users to easily transfer assets, including the $SPACE token, to and from MicroVision Chain. By streamlining decentralized finance interactions, RocketX aims to provide users with a simplified onboarding process and “single-click transactions”. This […]

Poloniex Crypto Exchange Hacked, $114 Million Lost

Cryptocurrency exchange Poloniex has suffered a major hack, resulting in a loss of approximately $114 million. The hack was detected by blockchain security firms PeckShield and Cyvers, and Poloniex promptly disabled its wallet for maintenance. Tron founder Justin Sun confirmed the hack and stated that the exchange would reimburse affected users. In addition, Sun offered […]

Former FTX General Counsel Leads New Crypto Exchange Venture in Dubai

Former FTX general counsel, Can Sun, along with other ex-FTX executives, is launching a new cryptocurrency exchange called Trek Labs. The Dubai-based start-up has obtained a license from the Emirate’s crypto regulator and aims to address the challenges that led to the downfall of their previous employer. Trek Labs is seeking investors and plans to […]

XRPL’s fixReducedOffersV1 Amendment Gains Over 80% Validator Approval, Signaling Major Upgrade

The XRPL (XRP Ledger) is set to introduce additional features in the coming weeks, with the fixReducedOffersV1 amendment being a significant upgrade. This amendment aims to address critical issues with decentralized exchanges (DEXs) by minimizing the prevalence of order books obscured by reduced offers. It has garnered approval from over 80% of validators and is […]

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 […]

Ripple CEO Calls for Regulatory Overhaul in Crypto Industry

Ripple CEO Brad Garlinghouse has criticized the U.S. Securities and Exchange Commission (SEC) for its aggressive enforcement actions against the crypto industry, claiming that they have hindered innovation and failed to protect investors. Speaking at the Ripple Swell conference in Dubai, Garlinghouse called for a regulatory overhaul and a new framework that takes into account […]

Former FTX Executives Launch Secure Cryptocurrency Exchange in Dubai

Several former executives from FTX, a cryptocurrency exchange, have come together to establish a new exchange in Dubai called Backpack Exchange. Led by ex-FTX lawyer Can Sun, the Dubai-based startup aims to address the issue of securing customer funds, which FTX failed to do. Sun is supported by Armani Ferrante, a former FTX employee who […]

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

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 […]