US dollar-cryptocurrency exchange XREX released a beta version of its Proof of User Digital Asset Balance on December 30th, allowing users to directly verify on the XREX app via Merkle tree. With a user-friendly self-verification process, users can ensure that their digital assets are properly accounted for and safeguarded by… ...閱讀更多
This article was first published on November 22, 2022 on xrex.io in Mandarin Once among the world’s top three exchanges, FTX suddenly went bankrupt, leaving a gap between liabilities and assets of more than US$9 billion. Retail investors in cryptocurrency, Web3 venture capitals, institutions, and banks around the world lost their… ...閱讀更多
This article was first published on November 22, 2022 on xrex.io in Mandarin As we have discussed in a previous article titled “Proof of Solvency Rather Than Proof of Reserves Will Demonstrate User Assets Have Not Been Misappropriated,” a valid proof of custodial asset solvency is necessary for an exchange to… ...閱讀更多
Users on the XREX Exchange can now trade the market in any direction with the new XREX 1x Margin Short feature. Besides holding spot positions, the XREX platform now allows users to open short positions to hedge their risks in a bearish market. This allows users to take advantage of both market… ...閱讀更多
Due to recent events and aftermath caused by the insolvency of FTX, there has been a widespread movement where crypto users convert coins, tokens, and stablecoins into USD as they look to tide over this period of extreme volatility. Amidst this wave, not only are users looking to avoid risks,… ...閱讀更多
Dear XREX users, As the situation unfolds since FTX’s Chapter 11 filing, we’ve decided to temporarily suspend FTX Token (FTT) support from now onwards; the token has become highly volatile and subject to liquidity issues. Please note that: all FTT trading pairs are temporarily halted, FTT deposits are suspended, and… ...閱讀更多
Dear XREX user, It has been a long week for the crypto industry. We understand the extreme uncertainties have caused severe stress to many people. We would like to take this opportunity to share our thoughts and provide an insight on how we plan to navigate through these headwinds. 1)… ...閱讀更多
In the aftermath of a liquidity crisis, FTX agreed to a non-binding letter of intent (LOI) allowing Binance to acquire FTX. The deal was ultimately abandoned by Binance, citing the results of its due diligence. As one of the giants of centralized exchanges (CEX), the news of FTX’s downfall has caused widespread… ...閱讀更多
We are pleased to announce that XREX is participating in Unitas sandbox and has listed USD1, USD91, and USD971 today. Unitas is the first over-collateralized, USD exchange-rate-derived stablecoin protocol for multiple emerging markets. USD1, USD91, and USD971 are the first three tokens issued for the protocol’s sandbox phase. Unitas stablecoins reflect the… ...閱讀更多
According to Chainalysis, hackers have stolen more than $1.9 billion from exchanges and DeFi projects by July this year, a 60% increase over the same period of time last year, including more than $600 million from the hack of the blockchain network used by Axie Infinity, a leading NFT GameFi… ...閱讀更多
Note: This article was first published in Mandarin for Taiwan’s CommonWealth Magazine in May 2022. The word “decentralization” comes from “centralization” and is the spirit of blockchain technology. However, as decentralization has evolved, many question how decentralized can blockchain be when many of its applications such as stablecoins and exchanges are fundamentally… ...閱讀更多
Lawmakers and regulators around the world have been racing to craft rules and regulations for stablecoins, and the recent collapse of the Terra UST algorithmic stablecoin has served as a tailwind to push the agenda forward. At a supranational level, the Financial Stability Board (FSB) was compelled to release a statement and… ...閱讀更多
