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Industry Trends

Industry Trends

28/09/2022

Four Reasons Why Your Business Should Onboard Crypto Payments with XREX

With the advent of blockchain and cryptocurrencies, many are still wary of using cryptocurrency as a mode of payment. In a report published by Deloitte in July, out of 2,000 US retailers surveyed, nearly 75% of retailers plan to accept crypto or stablecoin payments within the next two years. However, the security… Read More

Industry Trends

21/09/2022

Could Stablecoin UST have revived from the death spiral? Insights from an algorithmic stablecoin’s depeg

Originally published in May 2022, under CommonWealth Magazine’s Wayne Huang’s Mandarin column: “LUNA crashed 99%, how did the third-largest stablecoin UST shock Yellen with its death spiral?” When people look back on 2022, it will be impossible to not mention the shock stablecoin UST has created in the crypto market. As… Read More

Industry Trends

06/09/2022

All About Tornado Cash Sanction

In early August, the United States Treasury’s Office of Foreign Assets Control (OFAC) sanctioned the cryptocurrency mixer known as Tornado Cash. In its press release, OFAC pulled no punches, labeling Tornado Cash as a notorious money laundering tool used by the likes of North Korean hackers Lazarus Group. The crypto… Read More

Industry Trends

02/09/2022

XREX Service Updates to Support Ethereum 2.0

As mentioned in our previous notice, The Merge of Ethereum is slated to take place around the 15th of September. During which, there will be two important periods of service suspension for deposit and withdrawal of ETH and ERC-20 tokens on the XREX platform. 11:00 UTC 2022/09/06 for the upgrade of the… Read More

Industry Trends

01/09/2022

What Did Crypto Lending Platforms Do with Your Money?

The recent crypto market turmoil has been headlined by a series of cascading events, including the collapse of Terra UST and the failure of famed hedge fund, Three Arrows Capital (3AC). Most notable and perhaps most impactful is the rash of distressed centralized crypto lending platforms, which have disproportionately caused… Read More

Industry Trends

01/09/2022

ETH2.0: The Merge is Coming; What You Need to Know and Watch Out for

ETH2.0: The Merge is Coming; What You Need to Know and Watch Out for The long-awaited upgrade for Ethereum, “The Merge’’, is fast approaching. The upgrade will be a two-step process, happening on September 6 and through September 10–20, according to the Ethereum Foundation’s August 24, 2022 blog post. There is only… Read More

Industry Trends

31/08/2022

Nine Common Web3 Hacks and Scams

In the previous article, Web 3.0 Information Security Guide — What You Need to Know about Blockchain Threats, we discussed the definition of Web3, damages/losses in Web3 security incidents, intentions and goals of hackers, and three attack methods and their prevention measures. In this article, we will continue to discuss six… Read More

Industry Trends

29/08/2022

Web 3.0 Information Security Guide — What You Need to Know about Blockchain Threats

There’s plenty of buzz around Web 3.0 and innovations in blockchain and cryptocurrencies, but few understand the hidden risks of this technology. As it is still emerging, widespread misuse raises concerns about fraud, money laundering, and hacking. In this article, the XREX information security team will introduce information security in… Read More

Industry Trends

26/08/2022

Notice on The Merge of Ethereum

The much-awaited Merge of Ethereum is slated to take place around the 15th of September. Ethereum’s Proof-of-Work (PoW) chain will migrate to the Proof-of-Stake (PoS) chain upon hitting the Terminal Total Difficulty (TTD) value of 58750000000000000000000. As with the rest of the crypto community, XREX is watching the developments closely. Read More

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