Exchanges

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

In a profound display of growth and resilience, Binance has recently announced a monumental achievement: it has processed over $100 trillion in cryptocurrency trades since its inception in 2017. This milestone, highlighted by CEO Richard Teng in a post on the X platform on September 24, underscores Binance’s pivotal role in the rapidly evolving crypto

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

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

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

In a move that has raised eyebrows in the cryptocurrency community, Gemini, a prominent crypto exchange, announced its decision to close operations in Canada by the end of 2024. This decision was communicated to customers through an email on September 30, which indicated that all Canadian accounts would be shut down by December 31, 2024,

Caroline Ellison, once at the helm of Alameda Research and linked personally to the infamous Sam Bankman-Fried (SBF), has been sentenced to two years in prison, alongside an order to forfeit a staggering $11 billion. This decision, delivered by the court on September 24, signifies the gravity of her involvement in the downfall of FTX—once

The Indian cryptocurrency exchange WazirX has found itself in the throes of a significant crisis following a staggering $230 million hack that occurred in July. This security breach has forced the platform to confront a multitude of operational challenges, including recovering lost assets and maintaining user trust, both of which are crucial for any financial

As the cryptocurrency market continues to expand at an extraordinary pace, the quest for a reliable and user-friendly exchange platform has never been more critical. With a plethora of platforms emerging, each offering a variety of services and features, traders and investors can find it daunting to select the right one. This article focuses on

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

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

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

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

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

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

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

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

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

Ryan Salame, a former executive of the now-infamous cryptocurrency exchange FTX, finds himself in a precarious legal situation that raises questions about the integrity of the judicial process. Following his 2023 guilty plea to charges related to campaign finance and money-transmitting crimes, Salame has admitted to providing false statements during his plea hearing. This admission

The recent acquisition of a Physical Crypto Asset Trader (PFAK) license by Tokocrypto, a subsidiary of Binance, from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti) marks a significant milestone for the company. This development positions Tokocrypto as the third exchange in Indonesia to receive the PFAK license, indicating its strong commitment to regulatory compliance and

Jameson Lopp, a co-founder of CasaHODL, recently uncovered a devious phishing scam targeting users of the popular cryptocurrency exchange Gemini. The scam involves fraudulent emails claiming that there has been a security breach at Gemini, prompting users to transfer their funds to a malicious address. The scammers even go as far as providing a fake

The Nigerian court has elected to postpone its decision regarding the bail application for Tigran Gambaryan, an executive from Binance, until October 9. This decision comes after both sides presented their arguments in court. Gambaryan’s lawyer, Mark Mordi, advocated for his client’s release on the basis of medical concerns, emphasizing his deteriorating health conditions. Gambaryan,

In a recent report by research firm Kaiko, it was revealed that Coinbase, the leading cryptocurrency exchange in the US, has experienced a significant decline in market share. What was once a dominating force in the industry, with over half of the market share earlier this year, has now dwindled to just 41% in early

Grant Thornton, a leading global auditor, recently conducted a comprehensive review of Liminal’s infrastructure in response to a hack on WazirX’s systems. The audit found no evidence of compromise in Liminal’s frontend, backend, or user interface. This is reassuring news for Liminal and its clients, as the platform offers self-custody wallet services where private keys

Recently, a federal judge made a significant ruling in a proposed class action lawsuit against Coinbase, the largest US crypto exchange. The lawsuit, filed by shareholders, accuses Coinbase of downplaying the possibility of being sued by the US Securities and Exchange Commission (SEC). The judge, Brian Martinotti, rejected Coinbase’s motion to dismiss the lawsuit, acknowledging

The recent hacking incident involving the Indian crypto exchange WazirX has sent shockwaves across the cryptocurrency community. The hacker responsible for the theft of over $235 million has taken advantage of sanctioned Tornado Cash to launder around $10 million in the past 24 hours. This has raised serious concerns about the security measures in place

WazirX has initiated the second phase of its fiat currency withdrawal process earlier than planned, starting on Sept. 3 instead of the original date of Sept. 9. This decision comes on the heels of a major security breach that resulted in the theft of over $230 million in user assets. CEO Nishal Shetty announced the