Decentralized Exchange Vertex Launches on Ethereum Layer 2 Arbitrum
Vertex, which had been operating on a test network, combines an off-chain order book layered on top of an on-chain automated market maker on a decentralized, self-custodial exchange. The firm, which has bases in Singapore and the Cayman Islands, counts Jane Street, Dexterity Capital, Hudson River Trading, GSR, Collab+Currency, JST Capital, Big Brain and Lunatic Capital among its early backers.
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Facebook’s WhatsApp Seeks Policy Expert to Champion Blockchain in Africa
news Facebook’s WhatsApp is looking to hire a blockchain regulation expert in Sub-Saharan Africa. The messaging app provider recently posted a job opening for a public policy manager who would “work closely with Facebook’s Africa Public Policy team to ensure blockchain technologies and digital payments can play their part in improving Africa’s socio-economic development.” The job…

Kraken Picks Optimism for New Layer-2 Network, Joining Coinbase’s Base on ‘Superchain’
Kraken, the 6th-largest crypto exchange in the world, said Thursday that it is launching its own layer-2 network atop the Ethereum blockchain, based on technology borrowed from Optimism – the same provider that powers rival Coinbase's layer-2 network, Base. The disclosure comes nearly a year after CoinDesk broke the news that Kraken was considering its

Square Sees Profits From Bitcoin Sales Double in Q2
Mobile payments firm Square says it made $37 million in total from bitcoin purchases in Q2, with profits being twice that of the previous quarter.

Mt. Gox Deadline Extended Again After Creditors Criticize Refund Proposal
Mar 31, 2020 at 06:00 UTCMt Gox image via ShutterstockThe submission deadline for the Mt. Gox rehabilitation plan has been pushed back again after a draft proposed last week was met with opposition from numerous creditors.In the plan, proposed to Mt. Gox creditors at a March 25 meeting, rehabilitation trustee Nobuaki Kobayashi said he would,…

Why the Decentralized Web’s Development Is Unstoppable
Aug 18, 2020 at 18:30 UTCUpdated Aug 18, 2020 at 18:43 UTCWhy the Decentralized Web’s Development Is UnstoppableSteven McKie is a founding partner and managing director at Amentum Capital, developer on HandyMiner and HandyBrowser for Handshake and host of the BlockChannel podcast. A version of this article first appeared on Medium. The time to home…

Whale Alert: $27M From 2016 Bitfinex Hack Is on the Move
Jul 27, 2020 at 20:40 UTCUpdated Jul 27, 2020 at 20:45 UTCWhale Alert said on Monday that Bitfinex hackers are shuffling around millions of dollars in bitcoin stolen during the massive Bitfinex exchange hack in 2016. The market-tracking and market-moving Twitter account documented nine transactions on Monday that saw about 2,550 total bitcoin (~$27 million)…

Filecoin Network Upgrade Goes Live, Miners Claim 25% Block Rewards
Oct 23, 2020 at 01:43 UTCUpdated Oct 23, 2020 at 01:46 UTCJuan Benet, Filecoin founder (Credit: CoinDesk archives)Filecoin Network Upgrade Goes Live, Miners Claim 25% Block RewardsFilecoin’s latest network upgrade, which allows miners to claim some block rewards without waiting on a vesting schedule, has just gone live.Miners who migrated their software to Lotus 1.1.0…

Bitcoin’s ‘Triangular Consolidation’ Is Bullish: Technical Analysis
Bitcoin (BTC) appears to be consolidating into a triangular pattern, offering a positive outlook for the weeks ahead.The leading cryptocurrency by market value has carved out higher lows and lower highs between $33,000 and $35,0000 in the past seven days, forming a triangle on the bitcoin price chart.Analysts and traders study price patterns to gauge