decentralized exchange

0x Protocol Suffers Security Breach

A decentralised exchange protocol 0x has unveiled to public that it has detected vulnerability in its code and has temporarily shutdown its operations. The breach was noticed at first by Sam Sun, a third party security service firm. 0x’s cofounder Will Warren commented, “This vulnerability would allow an attacker to fill certain orders with invalid signatures. This vulnerability does not affect the ZRX token contract; your digital assets are safe.”

SwitchDex Decentralised Exchange From Switch.ag

A decentralised exchange, SwitchDex has been built from scratch by Switch.ag which it boast as easiest user interface you can find in a full-fledged crypto exchange. It will be having its own native tokens, DESH and SDEX of the Switch.ag and SwitchDex respectively. These tokens offer instant benefit to the users of the platforms through airdropped profits generated from fees, and also give further discounts to users.

Coinbase Not To Enter Decentralized Exchange Sector Anytime Soon

A senior executive from clarified that Coinbase is not planning to launch a decentralized exchange (DEX). Emilie Choi, the exchanges VP of Business further stated, “We have to make sure that if we offer a dex that we’re doing it in a way that is safe and secure and compliant. I think that there’s not a lot of clarity right now on how that would work. We think this space is interesting but we’re not actively investing in it right at this moment.”

Bots To Manipulate The Decentralised Markets

A research study conducted by the Cornell Tech has divulged that stock trading bots can be used to manipulate the profit-making strategies on decentralized exchanges (DExes). One of the researcher explained that, “We have no idea what the extent of the malfeasance is on centralized exchanges. If we extrapolate from what we’ve seen on DEXes, it could well be on the order of billions of dollars.”

Decentralized Exchange Announced by LATOKEN

Decentralized Exchange Announced by LATOKEN

A beta version of LADEX, the new decentralized exchange has been launched by LATOKEN. The LATOKEN Team then explained, “There are great plans in place for the development of LADEX. During this period, algorithmic trading will also be enabled within LADEX. There is more. LADEX 2.0 will be free of exchange commissions and the TPS rate is expected to reach 1000.”

Decentralized Exchange Aphelion Pauses Operation

Decentralized Exchange Aphelion Pauses Operation

A decentralized exchange powered by NEO blockchain, Aphelion announced their plan to pause its operation and refund its users starting from Friday. CEO of Aphelion, Ian Holtz explained, “The decision is not related to any specific SEC action towards us, nor is it related to any recent listings on the Aphelion DEX; it is a solely a direct consequence of the EtherDelta action.”

PIVX Unveiled Plan to Introduce Decentralized Exchange

PIVX Unveiled Plan to Introduce Decentralized Exchange

PIVX has announced that its private decentralized exchange named zDEX is set for public beta launch. PIVX explained in the blog post regarding the decentralized exchange launch, “True DEX’s are important as they should require no AML/KYC and the functionality is controlled by the code and not by personal preference or government restrictions.”

PumaPay Introduces its Decentralized Payment Solution

PumaPay Introduces its Decentralized Payment Solution

PumaPay has recently announced the launch of its blockchain-powered solution PullPayment Protocol version 2.0 live on mainnet. The CEO of PumaPay, Yoav Dror explained, “We’re always looking to improve and develop our solution to make it more valuable for both merchants and customers, and ultimately contribute to our community and the DLT movement.”

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Ethereum-based decentralized exchange releases mobile wallet app

Ethereum-based decentralized exchange releases mobile wallet app

The Ethereum-based DDEX, decentralized exchange, has released its mobile application accessible on both IOS and Android devices. The exchange is supported by Initialized Capital, a venture capital firm founded by Alexis Ohanian. The company claimed, “We aim to provide a simpler, more intuitive mobile trading experience with liquid trading pairs and 24/7customer support.”

Bithumb Announces on its Decentralized Exchange

Bithumb Announces on its Decentralized Exchange

A cryptocurrency exchange based in South Korea has recently revealed their plan to introduce a decentralized cryptocurrency exchange by next year, 2019. The exchange is being developed with the support of One Root Network (RNT). The launch the decentralized cryptocurrency exchange is an effort to compete with the other leading cryptocurrency exchange in the industry globally including Binance.