DeFI News by Thebittimes.Com

One of the world’s leading permissionless and non-custodial derivatives decentralized exchanges (DEX), ApeX Protocol (APEX), is marking its first -year anniversary with a two-week celebration and significant rewards in its native token, as well as the USD Coin (USDC) for its community members. Indeed, as a way to allow its members to celebrate alongside ApeX this important event marking a year filled with important partnerships and other achievements, the exchange is offering 25,000 USDC and 50,000 APEX in rewards , according to the press release shared with Finbold on November 21. Specifically, the competition will run for two weeks and offer the above assets in a special anniversary trading competition, triple-boosted staking rewards , social media games, as well as in the form of awards to the most active contributors. Year of tangible results As the team said, ApeX has managed to stand out and set its position as a leader in the decentralized finance (DeFi) sector in ...

According to prosecutors, Lee intended to revamp Bithumb’s governance to gain from exchange coins, circumventing financial regulations. Lee Jeong-hoon, the former chairman of Bithumb, one of South Korea’s major cryptocurrency exchanges, is at the center of a legal battle and might be facing an eight -year prison sentence in the appeal whose verdict is scheduled for Jan. 18. According to Korean local media reports, prosecutors contend that Lee intended to revamp Bithumb’s governance to gain from exchange coins, circumventing financial regulations. They claim Lee knew about challenges in the BXA Coin listing but didn’t disclose it to Kim. Despite listing issues, Lee purportedly received payments without informing Kim about the decision not to list BXA Coin. The South Korean prosecutors requested an eight -year prison sentence for Lee Jung-hoon. Lee’s defense challenges these assertions, pointing out discrepancies in Kim’s statements and questioning his reliability. Lee insists on Ki...

A lack of excitement on order books is just one sign that downside volatility could easily resume, says Material Indicators. Bitcoin (BTC) is not about to bottom at just below $17,000, new analysis warns as bid liquidity dries up. In social media posts after Christmas, on-chain analytics resource Material Indicators flagged waning interest in protecting the current BTC price range. Binance order book leaves "not much to be excited about" With volatility still largely absent from Bitcoin markets, analysts are keenly eyeing what could happen at this week’s yearly close. The closing price for BTC/USD on Dec. 31 will also m Ark the conclusion of the weekly and quarterly candles, and any flash volatility could turn 2022 into a nightmarish bear market year. As Cointelegraph reported, the pair is currently down around 60% year-to-date, while versus its latest all-time high from November 2021, it has lost 76%. This may still not be enough to cap the bear market, various analysts ha...