Exchanges

In a significant move for the cryptocurrency landscape, Kraken has successfully integrated with EigenLayer, allowing its users to restake their Ethereum (ETH) directly from the exchange. Announced in a press release on October 15, the initiative aims to democratize restaking, making it accessible for a wider spectrum of users beyond the traditional tech-savvy demographic. This
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Binance, one of the world’s leading cryptocurrency exchanges, recently faced a significant legal challenge when a Nigerian court denied bail to Tigran Gambaryan, an executive within the company. The decision, delivered by a High Court in Abuja on October 11, 2023, was characterized by procedural complexities, leading to significant disappointment from Binance’s leadership. The court
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The cryptocurrency landscape is constantly shifting, and the latest player to enter the fray is Arkham Intelligence, which plans to launch its crypto derivatives exchange next month. This initiative has garnered significant attention, particularly following a report from Bloomberg News on October 11. Arkham’s strategic move comes at a time when interest in crypto derivatives
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South Korea’s Financial Services Commission (FSC) has initiated a critical investigation into Upbit, the country’s largest cryptocurrency exchange, amid growing concerns regarding its significant market influence. This scrutiny reflects the increasing apprehension surrounding the intertwining of major financial entities and their potential to create systemic risks. The chief of FSC, Kim Byung-hwan, highlighted the importance
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In an alarming trend for privacy-centric cryptocurrencies, a new report by Kaiko outlines that nearly 60 delistings of privacy tokens from centralized exchanges have taken place this year—a notable record since 2021. This surge in delistings prominently affected major privacy tokens such as Monero (XMR), Dash (DASH), Decred (DCR), Mask (MASK), Rose (ROSE), and Zcash
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In a groundbreaking move that acknowledges the growing intersection of faith and finance, Bybit has officially launched an Islamic crypto account aimed squarely at its Muslim clientele. Announced on September 24, CEO Ben Zhou heralded this initiative as the world’s first Shariah-compliant crypto account. As cryptocurrency increasingly finds its way into various aspects of daily
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Ethena Labs, the innovative outfit behind the synthetic dollar known as USDe, is on the brink of significant changes that could reshape its trajectory within the cryptocurrency industry. Recently, community member Fells0x introduced a compelling proposal for a decentralized exchange (DEX) dubbed “Ethereal”. This initiative seeks to position itself not just as a trading venue
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In a significant development for South Korea’s cryptocurrency landscape, Bithumb, the nation’s second-largest crypto exchange, has unveiled its intentions to pursue a public listing in the United States. This announcement, made during a shareholders meeting on September 30, marks a strategic pivot as the exchange aims to establish a presence on Nasdaq by the latter
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In a significant move, Kraken has announced plans to discontinue its support for Monero (XMR) within the European Economic Area (EEA), with a final cutoff on October 31, 2024. The exchange’s decision stems from shifting regulatory landscapes that are increasingly pressing to enforce compliance among cryptocurrencies. This step signifies a growing trend among exchanges to
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In the ever-evolving landscape of cryptocurrency, the United Arab Emirates (UAE) is setting a remarkable example. Unlike many countries where growth within the crypto sector is markedly uneven across different transaction sizes, the UAE stands as a notable exception. Recent insights from a Chainalysis report reveal that the nation’s crypto activity spans a diverse range
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The recent breach at WazirX, which led to the theft of an astounding $230 million in digital assets, underscores both the vulnerability of cryptocurrency exchanges and the sophistication of cybercriminals operating within this space. According to Arkham Intelligence, only about $6 million worth of Ethereum remains to be laundered from the initial haul. Most of
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In a landscape increasingly characterized by digital innovation, traditional financial institutions are redefining their roles. BNY Mellon’s recent decision to enter the realm of cryptocurrency custody, particularly focusing on Bitcoin and Ethereum exchange-traded funds (ETFs), underscores a pivotal transformation within the banking industry. The firm’s acquisition of an exemption from the Securities and Exchange Commission
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In a significant strategic development, Kraken, a well-known player in the cryptocurrency exchange sector, announced its acquisition of Coin Meester (BCM), a prominent crypto broker in the Netherlands. This acquisition, revealed on September 24, 2023, underscores Kraken’s commitment to deepening its presence within the Dutch cryptocurrency market. Coin Meester is recognized as one of the
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In a significant security event, cryptocurrency exchange BingX reported a “minor asset loss” after discovering unauthorized transactions from one of its hot wallets. The breach, which occurred early on September 20, was addressed by Vivien Lin, the exchange’s Chief Product Officer. While the exact figures of the loss were pending investigation, initial assessments by blockchain
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The legal confrontation between the U.S. Securities and Exchange Commission (SEC) and Coinbase, a leading cryptocurrency exchange, centers on fundamental questions about the regulation of cryptocurrencies. Initially sparked in June 2023, the lawsuit highlights the intricate dynamics of a fast-evolving financial sector facing scrutiny from federal regulators. As the SEC seeks to assert its authority
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In recent discussions surrounding crypto regulation, the sentiment that has emerged from industry leaders is one of significant concern. Daniel Gallagher, Chief Legal Officer of Robinhood, has been vocal in his criticism of the U.S. Securities and Exchange Commission (SEC) during a hearing held by the House Financial Services Subcommittee. His written testimony highlights the
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In September 2023, Binance, one of the world’s leading cryptocurrency exchanges, publicly distanced itself from the beleaguered Indian crypto platform WazirX. This controversy stems from a significant security breach in July 2023, during which WazirX suffered a staggering $235 million hack. Following this incident, Nischal Shetty, co-founder of WazirX, made statements suggesting that Binance might
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The cryptocurrency ecosystem is rife with speculation and scrutiny, particularly as institutional interest grows. Recent accusations against Coinbase, a leading cryptocurrency exchange, have bolstered discussions surrounding Bitcoin, ETFs, and trust in institutional financial products. These allegations, fueled by social media discourse, assert that Coinbase is not genuinely utilizing BlackRock’s funds to purchase actual Bitcoin but
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