CryptoBlog n.765
CryptoBlog n.764
The White House has released a set of guidelines for ways in which it thinks the U.S. should approach the growing crypto scene. The report also mentions the possibility of a U.S.-backed digital currency. SEC Chairman Gary Gensler stated this past week that Proof-of-Stake assets may be considered securities and subject to separate regulation, which could spell some trouble for PoS coins like the newly merged Ethereum. Leading exchange Coinbase has integrated its standings on crypto policy directly into the app, allowing users to easily locate which candidates in their area have a crypto-friendly attitude. This aims to help pro-crypto candidates receive donations from the wider crypto community. Korean authorities have issued an arrest warrant for now defunct Terra-founder Do Kwon, who they have accused of being on the run. Do Kwon has responded stating that he is in-fact not on the run, and has been willing to cooperate with government agencies looking to communicate.
CryptoBlog n.763
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CryptoBlog n.762
GMX DEX Reportedly Suffers $565,000 Exploit Decentralized exchange (DEX) GMX allegedly experiences price manipulation on the AVAX/USD pair in key exchanges. Open interest in AVAX long perpetual futures has accordingly been capped at $2 million, while open interest in AVAX short perpetual futures has been limited to $1 million. Perpetual futures are a type of open futures contract without a settlement date. GMX offers spot and perpetual futures, with more than $342 million locked up on Arbitrum, a layer-two ETH solution, and $67 million on Avalanche’s blockchain. GMX is a decentralized exchange that offers a low fee for perpetual futures and spot trading. It runs on Arbitrum and Avalanche. It allows users to borrow up to 30x their initial margin to amp up futures betting.