[Update: New math] Allegedly, Matic sent around $10 million of their supply to Binance, mostly for liquidation

Earlier today, the price of $MATIC dropped around 80% within 24 hours. People are now investigating as to why there was such a huge dump, and some think EtherScan records hold the answer. Samuel JJ Gosling, Founder of Validity Crypto, posted a link to the Matic Foundation’s records, where they sent around $10 million (calculated

Synthetix founder compares upcoming futures products to BitMEX’s leveraged perpetual swaps

In an Unchained interview today with Laura Shin, Kain Warwick, Founder of Synthetix, had an interesting answer about new features on the exchange. He described upcoming Synthetix futures products as being comparable to BitMEX leveraged perpetual swaps. “Essentially it (Synthetix) will be a decentralized BitMEX or Derebit or any futures exchange. You’ll be able to

A wild “BitDEX” whitepaper appears

A new eye catching whitepaper has been floating around Twitter recently. BitDEX wants to “build a decentralized BitMEX using priceless financial contracts,” but does the execution live up to its name? Why do people even want decentralized margin? Because transactions on decentralized exchanges are matched through an outside venue, (your wallet) FinCEN doesn’t recognize it