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Exploring constant function market maker designs

Exploring constant function market maker designs

Quick Take

  • Traditional order books are difficult to implement on-chain given the storage constraint of blockchains
  • Constant product market maker is a common design among existing decentralized exchanges such as Uniswap
  • Different asset-specific constant function market makers have arisen to accommodate some special properties of certain collections of assets

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Gemini acquires crypto custody startup Shard X

Crypto exchange and custodian Gemini has acquired London-based crypto custody specialist Shard X.

The post Gemini acquires crypto custody startup Shard X appeared first on The Block.

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Baidu and Weibo are censoring keywords of Huobi, OKEx and Binance

The two big Chinese internet services have started blocking search results for keywords relating to crypto exchanges.

The post Baidu and Weibo are censoring keywords of Huobi, OKEx and Binance appeared first on The Block.

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Some bitcoin miners in Xinjiang ordered to shut down after China’s crackdown note

Bitcoin miners in one of the major economic and technological development zones in China’s Xinjiang province have been ordered to shut down their operations immediately.

The post Some bitcoin miners in Xinjiang ordered to shut down after China’s crackdown note appeared first on The Block.

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El Salvador becomes the first country ever to make bitcoin legal tender

The Salvadoran congress passed the proposed law with a majority vote, securing 62 votes out of a possible 84.

The post El Salvador becomes the first country ever to make bitcoin legal tender appeared first on The Block.

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El Salvador’s bitcoin legal tender law sent to country’s legislature

El Salvador’s president, Nayib Bukele, submitted a proposed law to the country’s national legislature that, if and when approved, will “regulate bitcoin as unrestricted legal tender.”

The post El Salvador’s bitcoin legal tender law sent to country’s legislature appeared first on The Block.

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Web traffic for cryptocurrency exchanges hit all-time high in May

Cryptocurrency web traffic hit a record high of 638.2 million visits in May, according to data compiled by The Block. 

The post Web traffic for cryptocurrency exchanges hit all-time high in May appeared first on The Block.

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MicroStrategy sees $1.6 billion in interest for junk bond deal: report

MicroStrategy — the publicly traded company best known for holding bitcoin on its balance sheet – has reportedly attracted more than $1.6 billion worth of orders for its latest deal to purchase bitcoin. 

The post MicroStrategy sees $1.6 billion in interest for junk bond deal: report appeared first on The Block.

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BlockFi is raising $500 million while KPMG conducts audit of Bitcoin rewards payment snafu

BlockFi’s latest fundraise will value the company at $4.75 billion. Meanwhile, KPMG is auditing a recent rewards payments mishap.

The post BlockFi is raising $500 million while KPMG conducts audit of Bitcoin rewards payment snafu appeared first on The Block.

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Goldman Sachs joins $28 million Series A for blockchain infrastructure firm Blockdaemon

Blockdaemon, a blockchain firm that provides crypto staking infrastructure and node management platform, has raised $28 million in a Series A round.

The post Goldman Sachs joins $28 million Series A for blockchain infrastructure firm Blockdaemon appeared first on The Block.

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