Raydium, a decentralized exchange operating on Solana protocol is under trouble. It appears that an account on Solana is draining multiple liquidity pools on that very DEX.
Multiple liquidity pools removed from Raydium crypto exchange
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MITH delisted by Binance exchange, asks to return 200,000 BNB deposit
Binance cryptocurrency exchange announced on their website that they will be delisting MITH. While the Mithiril developers are not complaining about that, they are asking the crypto exchange to return their deposit which was whopping 200,000 BNB. This BNB, according to the MITH developers would help Mithril to operate in coming future.
Bybit derivatives exchange lays off 30-percent employees
Popular derivatives cryptocurrency exchange, Bybit has announced it will, unfortunately, have to lay off 30-percent of its active workforce. This is second layoff being done by Bybit with one layoff already done back in June 2022.
Binance FTX deal scrapped due to bad books
Rumors are brewing that Binance may not be coming to rescue FTX cryptocurrency exchange and its users. Poor books are to be blamed. This could be the black swan event in cryptocurrency space.
FTX withdrawals not processed as cryptocurrency exchange on verge on being taken over by Binance
FTX cryptocurrency exchange has asked Binance for help, two competitors in the space and to protect users, Binance has signed a non binding LOI where they promise to take over FTX and help them in this liquidity crisis. In the meantime, price of FTX’s own token, FTT has absolutely crashed to new lows.
Kazakhstan Central Bank to use Binance Smart Chain to integrate Central Bank Digital Currency
Binance Smart Chain is one of fastest chains out there, making it ideal for CBDCs – central bank digital currencies. Kazakstan Central Bank has announced that its CBDC will be integrated on the Binance Smart Chain.
Terra Luna Founders get arrest warrant by South Korean court
South Korean court has announced it has issued arrest warrants for Terra Luna founders and employees that include Do Kwon and Nicholas Platias. Red notice has also been sent to the Interpol and passports too, have been invalidated. So, there’s nowhere to run.
BNB Beacon Chain to no longer support DEX feature
There are two BNB blockchains – smart chain and older chain called the beacon chain. The new update which happened on 2nd of September 2022 removed DEX feature from BNB beacon chain and thus, the biggest and most popular non-custodial wallet, Trust Wallet, has removed DEX page for the BNB beacon chain and its tokens.
What Sets Blockchain Apart From Conventional Record-Keeping Solutions?
If you’ve dabbled anywhere near the crypto space, or kept up with the news, you’ll be aware of blockchain technology. Its popularity has gone through the roof over the past few years, with practical use cases coming up.
