Binance’s decentralized exchange is a better target for criticism over being centralized than Ethereum, Vitalik Buterin believes. In a recent Twitter discussion, Ethereum co-founder Buterin triggered a wave of argument over decentralization in the crypto industry, particularly Binance DEX as well as Ethereum itself. Criticizing Ethereum for being centralized is bad, Vitalik says The discussion started after Buterin retweeted a promotional video by multi-currency digital asset and derivatives exchange BTSE on Dec. 21. While the video apparently has nothing to do with questions like Ethereum’s decentralization, the Ethereum co-founder has spurred crypto community on arguments by tweeting: “The part I …

Crypto investors have come to rely on crypto exchanges because they provide liquidity, a wide range of trading pairs and convenience. Given the great benefits offered by crypto exchanges, direct peer-to-peer transactions are still less popular, especially among traders. Over the years, crypto exchanges not only converted cryptos but also became custodians and even lenders by offering funds for margin trading. Trading on such platforms became convenient, but what about their security? Many traders entrust their funds to crypto exchanges, which use both hot and cold wallets. However, the threat of hacking attacks has always been relevant even with the …

Tether, the stablecoin operator behind USDT, has funded the development of the new version of Bitcoin (BTC) tokenization layer Omni. In a press release shared with Cointelegraph on Dec. 15, the companies announce the release of Omni Core 0.7.0, the development of which was sponsored by Tether. The new version reportedly enhances network performance and fixes locking issues and Remote Procedure Calls. The Omni protocol is a system running on the Bitcoin network that allows the creation of tokens on what is widely believed to be a secure network. Omni is also the platform that hosted the first USDT tokens. …

The developers of multi-chain architecture project Komodo claim that it has created an implementation of its AtomicDEX that runs a full peer-to-peer (P2P) node in the user’s web browser. Komodo developers wrote in a press release shared with Cointelegraph on Dec. 5 that the platform allows for non-custodial cryptocurrency trading through atomic swaps. The company has expanded its AtomicDEX mobile decentralized exchange (DEX) to work in web browsers on all major platforms. Atomic swaps, according to the release, are a smart contract-based technology that enables users to trade digital assets without any third-party involvement. The firm announced: “Users who wish …

Earlier this week, decentralized cryptocurrency exchange CryptoBridge abruptly announced that it was shutting shop, leaving just two weeks for its customers to retrieve their funds. Around the same time, the Waves DEX also shut down to resume operations as a hybrid exchange. While Waves ostensibly decided to “merge all the infrastructure teams” together and focus on one product, CryptoBridge went out of business completely. The decentralized platform cited market conditions and increased regulations as driving factors for its closure. So, should other crypto trading platforms, decentralized or not, be worried? DEXs and the regulatory uncertainty surrounding them DEXs are cryptocurrency …

Decentralized exchange (DEX) Waves DEX shut down to resume operations as a hybrid exchange, Waves announced in a press release shared with Cointelegraph on Dec. 2. Per the release, the exchange has already ceased operations on the old domain and the process of moving its activities to Waves.Exchange has already started. The company announced: “From this point onwards, the old version of the exchange will be unavailable, and the website will offer only functionality to support migration. User funds held on Waves DEX will remain completely safe during and after the process.” The hybrid exchange was already partially activated before …

The decentralized cryptocurrency exchange (DEX) CryptoBridge announced that it is closing down in a message on its website. In the announcement, the exchange warns users that all of the firm’s services and servers will terminate after Dec. 15. Users will be able to withdraw funds from the exchange until the last day of operation, but deposits will be closed after Dec. 3. The announcement reads: “Please note that user verification is required by EU law for all withdrawals. We highly recommend that you start the process as early as possible as verification can take a few days.” Scammers are impersonating …

Cryptocurrency exchange Poloniex now controls the largest decentralized exchange (DEX) on blockchain network Tron (TRX), official reports state. Confirmed by Tron CEO Justin Sun on Nov. 29, Poloniex will now operate TRX Market under the new name “Poloni DEX.” Poloniex ‘acquires’ decentralized exchange The move comes a month after Poloniex itself spun out from owner Circle to form a new exchange that addressed regulatory problems in the United States. According to Sun, Poloniex “acquired” TRX Market, while it remains unknown what changed hands and what financial value the deal generated. “To maintain the development of TRXMarket over the long term, …

The decentralized liquidity network Bancor announced its upcoming airdrop, which will start on New Year’s Eve. In a Nov. 27 press release shared with Cointelegraph, the decentralized exchange platform announced the official launch of its New Year’s Eve airdrop, which will give away its ETHBNT liquidity pool tokens to 60,000 people. Liquidity pools allow members to add liquidity to a decentralized exchange (DEX) and receive a portion of the exchange’s trading fees in return. Making DEXs more liquid is purportedly crucial in ensuring that they can compete with centralized exchanges. Users will be able to either hold the token and …

Bitcoin was designed as a peer-to-peer cryptocurrency, but as the network expanded, there was no way to avoid the growing influence of centralized crypto exchanges. Soon after Bitcoin’s launch, more people wanted to enter the system. While mining was an affordable option at the time, buying crypto with fiat money was more convenient, especially for those who didn’t know how mining worked. The emergence of digital platforms that converted fiat to crypto and vice versa was a natural consequence. In the first years, crypto exchanges represented an underground space, but one particular platform managed to monopolize the market — Tokyo-based …

Non-custodial decentralized exchange (DEX) Dolomite announced that on Nov. 4 it will add a margin trading with stop-loss orders. The company explained in a press release shared with Cointelegraph that — while its current exchange is based on the Loopring protocol — its margin trading feature will be built on the dYdX protocol. Long and short positions with stop orders Per the release, the platform’s users will be able to take long positions with up to 5x leverage and short positions with up to 4x leverage from their wallets. Furthermore, the firm also claims: “Dolomite will also be one of …

American entrepreneur and staunch crypto advocate, John McAfee, has argued for the importance of stablecoins for decentralized exchange (DEX) adoption. McAfee made his argument in a tweet posted on Oct. 20. Stablecoins as an interim solution McAfee’s video begins by tackling the main obstacle to crypto-fiat currency conversions that use of a decentralized exchange poses for users: “What’s the main issue with decentralized exchanges? It’s how do you get your fiat currencies in and out? [...] very difficult, since no information is collected on a decentralized exchange, no name, no address, no social security number, no email, nothing.” Rather than …