Synthetix betting on new 'multi-collateral' perps ahead of Arbitrum rollout

The Chinese government-backed blockchain project, the Blockchain-based Service Network (BSN), continues expanding its global presence by setting up two new portals in Turkey and Uzbekistan.Red Date Technology, the architect behind the BSN project, has signed an agreement with Turkish consultancy firm, Turkish Chinese Business Matching Center (TUCEM), to launch two international BSN portals in Turkey…

Though Sam Bankman-Fried could not attend the congressional hearing virtually due to his recent arrest in the Bahamas, United States lawmakers held no punches criticizing the former FTX CEO and business practices at the firm.As the sole witness before a hearing of the U.S. House Financial Services Committee on Dec. 13, FTX CEO John Ray…

According to the FSOC, issues at FTX had “precipitated price decreases in Bitcoin and other crypto-assets” but “had a limited impact on the broader U.S. financial system.” 815 Total views 16 Total shares Own this piece of crypto history Collect this article as NFTOfficials with the United States Financial Stability Oversight Council, or FSOC, have…

Oil and gas giant ConocoPhilips has entered the Bitcoin mining business in a bid to profitably reduce carbon emissions. 57 Total views 4 Total shares International oil and gas giant ConocoPhilips is dipping its toes into Bitcoin (BTC) mining as a way to eliminate the wasteful practice of flaring.According to a report from CNBC, the…

Bitcoin (BTC) kept traders guessing into the June 5 weekly close as BTC price action closely mimicked last weekend.BTC/USD 1-week candle chart (Bitstamp). Source: TradingViewBTC price traders $300 in the greeData from Cointelegraph Markets Pro and TradingView showed BTC/USD circling its May 30 opening level at the time of writing, just $300 higher than seven days…

Zoom decides to provide limited encryption despite numerous security issues, while blockchain developers move ahead with privacy-focused solutions. 2196 Total views 32 Total shares Zoom, the video conference app whose popularity has rocketed on the back of the global lockdown, won’t be encrypting calls for free users. This way, the company hopes to create space…

Gracy Chen, CEO of cryptocurrency exchange Bitget, criticized Hyperliquid’s handling of a March 26 incident on its perpetual exchange, saying it put the network at risk of becoming “FTX 2.0.” On March 26, Hyperliquid, a blockchain network specializing in trading, said it delisted perpetual futures contracts for the JELLY token and would reimburse users after

A big day for crypto legislation in the United States. Two major crypto bills were introduced in the U.S. House of Representatives on Thursday. One aims to establish which cryptocurrencies are securities. The other looks to put regulation of exchanges in the hands of the country's commodities regulator.The securities billThe Securities Clarity Act, from the office…