After the success of the automated market maker, or AMM, model for building decentralized spot exchanges, several projects are now racing to take this concept to the world of derivatives. One of these is Futureswap, an AMM-based futures exchange specifically designed for large trades. Futureswap has recently launched Version 2 of its platform, which features
Month: February 2021
49-year-old peer-to-peer crypto trader, Hugo Sergio Mejia, has agreed to plead guilty to charges of money laundering and operating an unlicensed money transmitting business. The U.S. Attorney’s Office accuses Mejia of using a suite of limited liability corporations to conceal the true nature of his operations while exchanging cash for Bitcoins over a period spanning
The Wall Street Bets saga, an incredibly ridiculous story about a group of amateur Reddit investors who beat career Wall Street hedge funds at their own game, is to be made into a movie. According to a report by online news site Deadline on Jan. 31, Metro Goldwyn-Mayer (MGM) won the rights to produce the
The U.S. Securities and Exchange Commission has charged three individuals for various cryptocurrency frauds including the 2018 initial coin offering for the Steven Seagal-promoted altcoin, Bitcoiin2Gen. A Feb. 1 SEC announcement estimates that Bitcoiin Gen founder John DeMarr, Start Options founder Kristijan Krstic, and promotor Robin Enos duped investors out of more than $11 million
Here’s the note I sent to Ripple employees today regarding Ripple’s preliminary legal response to the SEC’s complaint. Hi Ripple team, Since the SEC filed its complaint at the end of December, its side of the story has been the only one shared publicly. Our initial response was finally filed today. The “Answer” is a
Japanese video game maker Nintendo will face an EU-wide complaint for premature wear of a joystick controller, French and EU consumer groups said Wednesday. The French consumer protection group UFC-Que Choisir said it would join a complaint launched by The European Consumer Organisation (BEUC) against recurring problems with the Nintendo Switch console. The glitch has
To help India’s startups amid the COVID-19 pandemic, tax holidays for these businesses have been extended by one year till March 31, 2022, said Finance Minister Nirmala Sitharaman while presenting the Union Budget 2021-22 on Monday. “Tax holidays for startups extended by one year, till 31st March 2022,” said Sitharaman in the Parliament. The capital
Ali Ghodsi, co-founder and CEO of Databricks, speaks at the company’s Spark and AI Summit in San Francisco in April 2019. Databricks UiPath and Databricks became two of the most valuable privately held tech companies in the U.S. on Monday, with massive new funding rounds that give them a combined valuation of more than $60
LG Velvet 5G is receiving the stable Android 11 update, as per reports. The Android 11 beta built for the smartphone was released last month and the stable one seems to be rolling out now in South Korea. However, it is likely that the update will expand to more regions soon. It is expected to
How open banking is driving huge innovation Learn how fintechs and forward-thinking FIs are accelerating personalized financial products through data-rich APIs. Register Now Millimeter wave offers 5G the greatest potential to live up to years of “supercharged” hype, as mmWave’s gigantic swaths of open radio spectrum give carriers and countries the ability to build ultra-wide data
The Supreme Court Monday asked instant messaging app WhatsApp to file response on a plea seeking a direction to the RBI and the NPCI to ensure that data collected on Unified Payments Interface (UPI) platforms is not shared with their parent company or any other third party under any circumstances. A bench of Chief Justice
We likely all agree that 2020 was a year we won’t soon forget – for many reasons. One area particularly impacted last year was (and continues to be) cybersecurity. While Internet access allowed many businesses to continue functioning during the COVID-19 stay at home requirements, the unprecedented number of people accessing company assets remotely introduced
The Bitcoin (BTC) price could be headed a lot higher as more companies allocate a portion of their treasuries to the digital asset, according to new research from ARK Invest. In its annual Big Ideas report, ARK said Bitcoin’s price would increase by roughly $40,000 if “all S&P 500 companies were to allocate 1% of
As massive protests sweep across the nation, activists fear Russia has been deploying facial recognition technology to clamp down on dissent. Following nationwide protest rallies on Jan. 31, several people reported on social media they were detained by the police after subway and street surveillance cameras recognized them as protesters. Countries all over the world
Tesla CEO Elon Musk recently voiced his support for Bitcoin (BTC) during a chat with Clubhouse. Musk said that his friends tried to onboard him to the Bitcoin bandwagon as early as 2013, but the world’s richest man did not take the final step. Musk admitted that he was “late to the party.” Musk also
Let’s get one thing out of the way. You will not agree with every selection on the Cointelegraph list of the Top 100 Notable People in Blockchain. In fact, you will almost certainly disagree, vehemently, with many of the people we’ve included in this year’s list. You will rage at the inclusion of [insert comedy