Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note The final scene of Animal Farm, Orwell’s classic fable of revolution gone wrong and a staple of secondary-school reading lists throughout the English-speaking world, features a card game. The pigs who run the farm with an iron hoof host the humans who have gone from enemies of the revolution to drinking buddies of the revolution’s leaders. The book ends with accusations of cheating and a metamorphosis realized. The pigs and the men look just the same. If you squint, …

Decentralized exchanges are undoubtedly an exciting development in crypto. DEXs facilitate the trading of cryptocurrencies directly between users, without the need for a trusted intermediary. This, in turn, allows users to keep custody of their funds. However, while DEXs have their advantages, they still lack in terms of regulations and scalability, which are key considerations that could determine the future trajectory of the crypto industry. Centralized exchanges will continue to play a pivotal role in this ecosystem, providing the depth of liquidity needed to grow the wider crypto community. The benefits of centralized exchanges’ KYC for their users DEXs tend …

Students enrolled in the class “Introduction to Cryptocurrencies” at Turkey’s Kadir Has University were the unexpected winners of Uniswap’s UNI token distribution on Sept. 17. İsmail Hakkı Polat, one of two lecturers of the class, told Cointelegraph Turkey that all students who, as part of a class project, participated in listing and swapping a token on Uniswap received 400 UNI. In Turkey’s local currency, it was valued at roughly 12,000 liras, or around $1,570, which accounts for nearly half the yearly education fee for some students. Taught by Polat and Tansel Kaya, two well-known names in Turkey’s cryptocurrency and blockchain …

After outperforming Bitcoin (BTC) and Ether (ETH) strongly in August, Decentralized Finance (DeFi) tokens are now plummeting as many registered losses of up to 50%. Cryptocurrency daily market performance snapshot. Source: Coin360 At the moment, the two coins garnering the most attention are Yearn.finance (YFI) and Uniswap (UNI) as both have dropped by 46% and 48% since reaching a monthly peak. YFI/USDT 4-hour chart. Source: TradingView.com Three catalysts appear to be behind the correction: Ether’s pullback, profit taking from BTC’s previous rally and a strong sell off amongst DeFi-tokens. Most DeFi tokens corrected by 15% to 25% The overwhelming majority …

More than 150 billion Internet of Things devices are going to be in use worldwide by 2025 — and now, a blockchain specifically designed for IoT has been built from scratch. Flowchain says it solves current pain points with IoT devices and ensures data transactions can take place in real time. Right now, large amounts of data are regularly transferred between IoT devices and the public cloud, but limited network bandwidth slows down computing capabilities substantially. The project claims it has created a “new blueprint for the future” that marries IoT and artificial intelligence, all through the adoption of blockchain …

The token, which was airdropped to past Uniswap users in batches of 400 per wallet without warning yesterday, has defied predictions that the market would crash from its initial pricing of $3 as the 75,235 users who have claimed so far raced to dump their free coins. Instead UNI has establishing a trading range of between $2.60 and $3.80 over the past 12 hours. UNI, the governance token of the decentralized exchange (DEX) Uniswap, has emerged from its first 24-hours of trading as a top-65 ranked crypto asset by market cap. According to DeFi Pulse, Uniswap has also leapt up …

A report from crypto data provider, Xangle, claims that tokens which first gain traction on Uniswap have consistently provided 208% returns on average once listed by major centralized exchanges. In the past, much had been said about the “Coinbase effect” and “Binance effect”, in which a token's price allegedly experiences fast appreciation once listed by either of the former exchanges. However, this time, it is purportedly a combination of listings that yields results. The report's authors examined a number of tokens that landed on a major centralized exchange after having already been listed by the Uniswap decentralized exchange. They concluded: …

Crypto exchange OKEx added Uniswap's new UNI token to the array of assets offered on its platform, in addition to trading products around the asset. "Not only has OKEx added support for spot trading of UNI, but it is also providing its users with the most comprehensive range of trading products for this hot DeFi token, including margin, swap trading, coin-margined perpetual swap and Savings, making OKEx the first exchange to offer UNI derivatives," OKEx detailed in a statement Thursday. Uniswap, a decentralized exchange, launched its own Ethereum-based token, UNI, on Wednesday, dispersing the asset to users of the decentralized …

SushiSwap, one of the latest decentralized finance, or DeFi, projects to overtake the Blockchain space, has turned a major page in its short life span. As of September 9, the protocol has officially completed a migration over to its own decentralized exchange platform. "Done," SushiSwap head Sam Bankman-Fried said in a tweet at 3:10 p.m. EST, concluding a thread about the project's migration. Several hours prior to the transition's completion, Bankman-Fried laid out plans for the migration on Twitter, subsequently posting updates throughout the day, which included testing and specified individual token migrations. SushiSwap came into existence a little over …

Uniswap recently surpassed Coinbase Pro in trading volume, overtaking one of the most popular centralized exchanges in the space after reaching around half a billion dollars in daily volume. Although Coinbase Pro is by no means the largest exchange out there, it seems that the decentralized sector is catching up to traditional crypto trading platforms. Uniswap is a decentralized exchange and automated liquidity protocol where users can buy and sell ERC-20 tokens and supply liquidity in order to earn exchange fees. This means that the more volume exchanged on the platform, the more rewards liquidity providers receive. The growing volume …

A decentralized exchange built on the Liquid network is opening for early access on Monday. Called TDEX, the project has announced its entry into an Open Alpha stage. It’s being built by Sevenlabs — a firm that provides consulting and white-labeling services in addition to its current work. The exchange provides a fairly unique twist to the Automated Market Makers currently dominating on-chain exchange volume. The TSWAP protocol used by the exchange focuses on ad-hoc atomic swaps, a way of conducting a trade between two counterparties without intermediaries. Unlike AMMs, there are no mathematical formulas involved that would force a …

One of the most groundbreaking advancements to come out from within the realm of blockchain technology is the concept of a decentralized exchange. In its most basic form, a DEX can be thought of as a cryptocurrency buy/sell platform that allows its users to facilitate monetary exchanges without the need of any assets having to make their way to the exchange itself, reducing the risk of thefts, hacks and other human-related errors. Furthermore, owing to their intrinsic design, DEXs are better equipped to prevent issues such as price manipulation, trade volume inflation, etc. Similarly, from an operational standpoint, it’s important …