Tag: service
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OKX Transforms X Layer into a Full-Service Exchange Factory with Exchange OS Launch
OKX has significantly redefined the capabilities of its Layer 2 network, X Layer, by launching Exchange OS on May 26. This groundbreaking protocol upgrade effectively transforms X Layer from a standard blockchain infrastructure into a comprehensive platform for deploying and managing diverse financial markets. The new protocol empowers developers and institutions to launch customized exchanges,…
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Pyth Network’s Legacy Core Service Experiences Outage, Accelerating Urgency for Pro Migration and Highlighting Oracle Criticality in DeFi
Earlier this week, the Pyth Network experienced a significant disruption to its Pyth Core service, a legacy oracle framework that continues to support a segment of decentralized finance (DeFi) protocols and data integrations across the crypto ecosystem. The outage, which lasted for several hours, prompted a temporary disabling of full functionality before the service was…
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Global Crypto Regulations Loom as FATF Prepares Strict New Compliance Standards for Virtual Asset Service Providers
The global cryptocurrency landscape is approaching a pivotal regulatory juncture as the Financial Action Task Force (FATF), the international standard-setter for combating money laundering and terrorism financing, prepares to release a comprehensive set of guidelines that could fundamentally alter how digital assets are traded and managed. Scheduled for publication on June 21, this new interpretive…
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