Blockchain 

0x DEX Protocol Suspended Because of Vulnerability, Funds Safe

The Ethereum (ETH) smart contract of 0x (ZRX) decentralized exchange (DEX) protocol has been suspended after a vulnerability has been uncovered in its code, the project’s team announced in a Medium post published on July 13. Per the announcement, third-party security researcher samczsun warned the 0x team about the vulnerability in the exchange smart contract and, after evaluating it, the team suspended the exchange’s contract and the AssetProxy contracts. The vulnerability would have allowed an attacker to fill certain orders with invalid signatures. The announcement reassures that one has exploited…

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Ethereum 

Bitcoin DEX Bisq Sees Record Volume After Localbitcoins Bans Cash

P2P bitcoin (BTC) trading platform Bisq is seeing record trading volumes as users drop Localbitcoins, data from monitoring resource Coin Dance confirmed this week.  Bisq, the DEX formerly known as Bitsquare, is a decentralized application facilitating crypto-to-fiat trades without a formal intermediary.  For the week ending June 22, the most recent period for which data is available, the platform handled $6.1 million, its best performance on record.  Noticeable upticks came from markets as diverse and the United Kingdom and Brazil, the former seeing its second-biggest volumes.  The increased activity comes…

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Blockchain 

First Stablecoin Trading Pairs Listed on Binance DEX

Major global crypto exchange Binance has listed trading pairs for USDSB, a Binance Chain-based version of StableUSD (USDS), the firm announced on June 24. As noted in the statement, Binance has launched trading for two trading pairs, including USDSB against major stablecoin tether (USDT), as well as the USDSB-to-USDS trading pair today at 10:00 AM UTC. Derived from StableUSD, a stablecoin pegged 1:1 to the United States dollar and developed by crypto startup Stably, USDSB was issued on Binance’s BEP2 token standard in early June 2019. As previously announced, USDSB…

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Bitcoin 

DEX, Explained | Cointelegraph

4. The distributed architecture of decentralized exchanges and full user control over their own funds entails a number of difficulties. Inability to restore access: For example, due to lack of a KYC process and the ability to cancel a transaction in the event of a broken passwords or loss of a private key, the user cannot recover his or her data and return the assets. Chargeback and refund procedures are incompatible with a distributed registry. Users who have committed an operation by mistake or have lost control over their keys…

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Bitcoin 

Binance DEX Will Geoblock Users From 29 Countries, Including the US

The decentralized exchange (DEX) developed by major cryptocurrency exchange Binance will block access to users based in 29 countries. The DEX informs potential users of the restriction via a message that appears when accessing the platform from one of the regions. The message appearing on the platform states: “It seems you are accessing www.binance.org from an IP address belonging to one of the following countries: USA, Albania, Belarus, Bosnia, Burma, Central African Republic, Democratic Republic of Congo, Democratic People’s Republic of Korea, Cote D’Ivoire, the Crimea region of Ukraine, Croatia,…

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Blockchain 

Binance DEX Launches on Native Mainnet Earlier Than Planned, Invites Community Input

Binance, the world’s largest crypto exchange by adjusted volume, has launched its decentralized trading platform (DEX) earlier than planned, according to a press release shared with Cointelegraph on April 23. The move comes just a week after the exchange launched its native blockchain, Binance Chain, which will power the new decentralized platform. While Binance DEX trading is set to go live at an unspecified later date, users can as of today create wallets on the platform — either Binance’s official Trust Wallet or other third-party wallets. They can also access…

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Blockchain 

Blockchain and DEX Startup Radar Releases New Lightning Network Developer Tools

Radar, the startup behind decentralized exchange Radar Relay that raised $10 million last year, announced that it will release new Lightning Network developer tools. The statement was made in a Medium post published on April 5. The developer tools, which will be released at the Lightning Network hackathon sponsored by the company, Boltathon, include a node configuration helper, a tool for opening channels and requesting channels, an invoice sandbox for test and an invoice decoder. The tools will be accompanied by setup tutorials, software recommendations and configuration guides for connecting…

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Bitcoin 

CZ: Binance DEX Mainnet to Launch Later in April

Changpeng Zhao, CEO of the world’s second largest crypto exchange by adjusted volume Binance, has revealed that the company will launch its decentralized trading platform later this month. This development was reported by a Cointelegraph correspondent at the Deconomy conference in Seoul. Zhao, most known in the industry as CZ, is attending Deconomy — a crypto conference held in South Korea from April 4-5. Speaking briefly at the panel dubbed “Centralized vs Decentralized,” CZ has made two major announcements. According to CZ, Binance DEX — a decentralized crypto exchange powered…

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