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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In the world of technology and cryptocurrency, a world where everyone seems to be a “founder”, “leader” or “entrepreneur”,  one word that seems to persistently hover in the atmosphere is “arrogance.” It’s as if the very essence of innovation and disruption is interwoven with an air of invincibility, a sense that the old rules don’t apply to the new kids on the block. This arrogance often leads to the downfall of promising companies, and FTX, a once-prominent player in the crypto space, serves as a stark reminder of the perils of hubris. You might also like: ‘The end of the Wild West’: What awaits crypto after the Bankman-Fried’s case FTX, a cryptocurrency exchange founded by Sam Bankman-Fried and Gary Wang in 2017, rapidly rose to prominence within the crypto community. With its sleek user interface, diverse r...

Cryptocurrency trading venues have changed tremendously since Bitcoin’s emergence in 2008 and are still evolving. So, what are the newer exchange models beyond CEXs and DEXs in 2023? Phemex, an innovative crypto exchange, is at the forefront of the hybrid trading approach. Rooted in a firm commitment to decentralization, Phemex provides CEX-like liquidity, user-friendly functionalities, and access to DeFi opportunities through its Phemexia ecosystem. Over the years , crypto currency trading venues have come a long way — from the Bitcoin Market exchange owned and operated by a single anonymous user, dwdollar, in 2010 to automated market makers (AMMs) relying on mathematical formulas to price assets a decade later. Centralized exchanges (CEXs) use an order book where market makers and takers place their orders. Their order books then match buyers and sellers, and the exchanges take a small portion of the transaction as a fee. Their counterparts, decentralized exchanges (DEXs), opera...

A New Zealand-based crypto exchange Dasset has gone into liquidation. Clients are reportedly unable to reach their accounts. The company’s CEO, Stephen Macaskill, said Dasset applied for voluntary liquidation. However, new users can still register on the website. Advisory firm Grant Thornton was appointed as the liquidator for the company. Their press release reads: “We understand users and creditors will be disappointed by the news that Dasset has gone into liquidation. The process of securing the assets is complex; there are third parties involved and nearly 100 different types of digital assets. We will work with management and third parties to resolve any issues as soon as possible.” Dasset’s liquidator statement Grant Thorton also said that the company will contact all the exchange clients and suppliers in the upcoming days, and an initial report will be available on the company website next week. You might also like: New Zealand not quick to implement crypt...

A Chainlink exec said the oracles will improve GMX’s security by providing a more “strong degree of tamper-resistance when settling user trades.” Chainlink’s (LINK) low-latency oracles will integrate with the decentralized exchange (DEX) GMX following a successful governance proposal that sought to provide more “granular” real-time market data to GMX v2. Voting ended on April 25 at 12:00 am UTC, with over 96% of participating GMX tokenholders voting in favor of the proposal. The new Chainlink oracles — which were built with the input of GMX core contributors — were brought in to improve upon the functionality of perpetual DEXs and price-sensitive trading on GMX, the author of the proposal explained. The @GMX_IO community has officially approved a proposal to integrate Chainlink's new low-latency oracles as the launch partner in an on-chain vote with 96.28% approval. This integration will enhance both the security and UX of GMX's derivatives protocol.https://t.co/sh1tLDLtps ...