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Largest Ethereum Whales Buying Polygon (MATIC) and Two Decentralized Finance Altcoins Amid Crypto Market Pullback

The wealthiest Ethereum (ETH) whales are busy gobbling up Polygon (MATIC) and two other decentralized finance (DeFi) altcoins as the crypto markets take a breather. Data from whale-surveilling platform WhaleStats shows that the top 1,000 Ethereum whales bought an average of $12,766 worth of MATIC tokens in the last 24 hours. One notable Polygon transaction […]

The post Largest Ethereum Whales Buying Polygon (MATIC) and Two Decentralized Finance Altcoins Amid Crypto Market Pullback appeared first on The Daily Hodl.

Bitcoin Eyes a Positive Finish to September, Setting the Stage for ‘Uptober’

Report: Decentralized Exchange Volume Surpasses $1 Trillion in 2021, Uniswap Leads the Pack

Report: Decentralized Exchange Volume Surpasses  Trillion in 2021, Uniswap Leads the PackDecentralized exchange (dex) volumes have become very prominent this year and some dex applications have been dealing with volumes that are sizable to large centralized crypto exchanges. During the last seven days, Ethereum-based dex platforms processed $21 billion with Uniswap capturing 71% of all the Ethereum-based dex applications today. Statistics from a report published by […]

Bitcoin Eyes a Positive Finish to September, Setting the Stage for ‘Uptober’

Cosmos (ATOM), Curve (CRV) and One Additional Altcoin Are Set To Rally, According to Crypto Analyst Michaël van de Poppe

A popular crypto analyst and trader is sharing his 2022 outlook after the markets witnessed a steep correction in recent weeks. In a new strategy session, Michaël van de Poppe tells his 156,000 YouTube subscribers that he’s eyeing a trio of altcoins that have the potential for big breakouts next year. The trader says he’s […]

The post Cosmos (ATOM), Curve (CRV) and One Additional Altcoin Are Set To Rally, According to Crypto Analyst Michaël van de Poppe appeared first on The Daily Hodl.

Bitcoin Eyes a Positive Finish to September, Setting the Stage for ‘Uptober’

Former SushiSwap CTO writes short reflection about leadership failures at blockchain DEX

"In the end, ultimately, I failed to deliver because of my compounding failures and will incorporate this knowledge into my next project," said Delong.

On Friday, Joseph Delong, former chief technology officer of decentralized exchange, or DEX, SushiSwap, published a brief reflection of experiences during his tenure.

Delong unilaterally resigned two days prior, citing internal structural chaos among developers behind the popular DEX. In explaining his decision, Delong outlined failures to scale operations, lack of organization skills, problematic contributors and poor communication as the primary reasons. On Twitter and among blockchain personalities alike, Delong received mostly praise for coming public with his experience and learning from his mistakes.

According to Delong, he did not inform the Sushi community when problems began to surface among the developers he managed, nor did he engage with users enough to build rapport for the project. In addition, Delong talked about using his personal Twitter presence to share his feelings about SushiSwap developments. This was a polarizing decision among the SushiSwap community. Some users have praised him for being authentic with his feelings, while others labeled the move as unprofessional or inconsiderate to stakeholders.

Prior to being chief technology officer at SushiSwap, Delong was a senior software engineer at ConsenSys. Due, in part, to his leadership, SushiSwap has grown to become the 13th largest DEX by trading volume. However, the protocol has also faced its share of setbacks.

In summing up the experience, Delong stated:

I think the imperfect birth of Sushi has led to additional problems, and in my next project, I will have the capability to structure an organization to empower the contributors. Thank you for allowing me to lead Sushi through this time, and I wish Sushi the best of luck.

Bitcoin Eyes a Positive Finish to September, Setting the Stage for ‘Uptober’

SushiSwap CTO resigns citing internal structural chaos

"I am now going to take a one-month vacation with my wife and kids and go build my next project. Long live Sushi," said Joseph Delong.

Late Wednesday, Joseph Delong, chief technology officer of SushiSwap, the thirteenth largest decentralized exchange, or DEX, by trading volume, tendered his immediate resignation from the role. Explaining his decision, Delong gave the following statement:

"I wish Sushi the best and am saddened that Sushi is so imperiled within and without. The chaos that is occurring now is unlikely to result in a resolution that will leave the DAO as much more of a shadow than it once was without a radical structural transformation."

Previously, Delong had voiced disappointment over the inability for SushiSwap to launch on Optimism, a layer two scaling solution for Ethereum (ETH). Delong also claimed to receive little support from centralized exchanges about hackers' identities after the SushiSwap’s token launchpad experienced a $3M hack, saying it was the "hardest day of my life so far."

But it appears that it wasn't simply the technical setbacks of the project that played a role in Delong's decision. In a series of follow-up tweets after the announcement, Delong posted screenshots of alleged harassment from SushiSwap users, to which he then cited "it’s the community that does it for me."

"I highly recommend the installation of a C-suite from outside the DAO [decentralized autonomous organization] and give them the tools to effectively manage a team. Be wary of any self-proclaimed leaders arising from the current core team," said Delong.

Bitcoin Eyes a Positive Finish to September, Setting the Stage for ‘Uptober’

Ethereum Whale Loading Up on Six Altcoins Amid Bitcoin and Crypto Market Resurgence

A crypto whale known for its Ethereum (ETH) holdings is making a splash by buying big into six different altcoins. The transaction tracker WhaleStats tweeted out that a whale known as “Light” just bought over $11 million of Wrapped BTC (WBTC), which is an Ethereum token designed to maintain a constant peg to the price […]

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Bitcoin Eyes a Positive Finish to September, Setting the Stage for ‘Uptober’

Altcoin Project Built on Ethereum Jumps After Earning Support From Crypto Exchange Binance

A decentralized finance (DeFi) protocol built on Ethereum is getting a boost from the world’s largest crypto exchange by trading volume. In a new announcement, Binance reveals it is introducing Alchemix (ALCX) for trading on the popular platform. “Fellow Binancians, Binance will list Alchemix (ALCX) and will open trading for ALCX/BTC, ALCX/BUSD, and ALCX/USDT trading pairs […]

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Bitcoin Eyes a Positive Finish to September, Setting the Stage for ‘Uptober’

A Slew of Defi Tokens Outperform Bitcoin’s Weekly Gains, Defi TVL and NFT Sales Spike

A Slew of Defi Tokens Outperform Bitcoin’s Weekly Gains, Defi TVL and NFT Sales SpikeOctober has been a strong month for cryptocurrencies like bitcoin but a number of decentralized finance (defi) tokens have seen higher double-digit gains this past week. Moreover, non-fungible token (NFT) sales have picked up and after the total-value locked (TVL) in defi crossed $200 billion on October 5, two weeks later another $22 billion has […]

Bitcoin Eyes a Positive Finish to September, Setting the Stage for ‘Uptober’