Dreams of Rebooting FTX Face Cold Reality That Its Technology Wasn’t Well-Regarded
The collateral feature allowed users to hold assets such as bitcoin, ether, stablecoins or even lower-market capitalization altcoins, and trade derivatives – effectively allowing traders to hold a diverse portfolio while being able to trade perpetual swap contracts that can be used to hedge or increase exposure. And while this feature was lauded by users, it was ultimately unsustainable. If FTX comes back without such features, the bugs and sluggish software could matter more.
Related Posts


Blockchain Bites: Ripple’s Case, SushiSwap’s Migration, Ether’s Bears
Sep 10, 2020 at 16:22 UTCBlockchain Bites: Ripple’s Case, SushiSwap’s Migration, Ether’s BearsA DBS Bank economist thinks the coronavirus pandemic will accelerate digital asset adoption, Mastercard announced a CBDC testing ground and SushiSwap has a temporary governance structure in place. Top shelfDigital adoptionSingapore-based DBS Bank thinks the coronavirus pandemic may speed adoption of digital assets, according…

Sam Bankman-Fried Replaces Lawyers Ahead of Sentencing
Sam Bankman-Fried entered court in his first appearance since his conviction last fall on fraud and conspiracy charges, to confirm he was okay with his new attorneys. Mark Mukasey, his new lead counsel, also represents former Celsius CEO Alex Mashinsky.The convicted former crypto CEO said Mark Cohen and Christian Everdell, his trial attorneys, would be

Market Wrap: Bitcoin Breaks $17.8K, Outperforming Ether in November So Far
Nov 17, 2020 at 9:36 p.m. UTCCoinDesk 20 Bitcoin Price IndexMarket Wrap: Bitcoin Breaks $17.8K, Outperforming Ether in November So FarSpot volumes and futures open interest pushed bitcoin’s price up Tuesday, beating ether’s performance so far this month.Bitcoin (BTC) trading around $17,688 as of 21:00 UTC (4 p.m. ET). Gaining 5.3% over the previous 24…

Decentralized Exchange Maverick Rolls Out Liquidity Incentives for Price Stability
Decentralized exchange (DEX) platform Maverick Protocol has unveiled a novel incentive system that can help stablecoins, ether (ETH) liquid staking derivatives keep their price pegs, the protocol said in a press release on Tuesday.The incentive system allows token issuers such as liquid staking protocols or stablecoin issuers to create so-called “boosted positions,” offering extra rewards…

Crypto Lender Amber Group Weighs Selling Japan Unit: Bloomberg
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Jamie Crawley is a CoinDesk news reporter based in London.Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Crypto lender Amber Group is considering selling its Japan unit as part of a plan to…

Ex-Coinbase, BitFlyer Lawyer Joins Anderson Kill
Oct 19, 2020 at 13:00 UTCRobert Kim, senior legal analyst at Bloomberg Law; Amy Kim, chief policy officer at Chamber of Digital Commerce; John Smith, partner at Morrison Foerster; and Hailey Lennon, partner at Anderson Kill. (CoinDesk Archives)Former Coinbase counsel Hailey Lennon is joining law firm Anderson Kill. Lennon has joined Anderson Kill’s Los Angeles office…

Robinhood Starts a New Way for Its Users to Fund Their Web3 Wallets
Robinhood Connect will also let developers embed the feature directly into their dapps, so that Robinhood users can buy, transfer and fund their self-custody wallets, the company announced at CoinDesk's Consensus 2023 conference in Austin, Texas. "With the introduction of [Robinhood] Connect, customers will be able to access their Robinhood credentials and bypass additional steps,"…

New Zealand Police Seize $90M Linked to Alleged BTC-e Exchange Operator
Jun 22, 2020 at 09:52 UTCUpdated Jun 22, 2020 at 10:32 UTCAlexander Vinnik being escorted to the Supreme Court in Greece in 2017 (Alexandros Michailidis / Shutterstock.com)New Zealand police have seized NZ$140 million (US$90 million) in bank funds linked to Alexander Vinnik, a Russian alleged to have been the controller of the now-defunct BTC-e cryptocurrency…