In a striking turn of events, Binance, the world’s leading cryptocurrency exchange, has reported an influx of over $7 billion in assets following the recent U.S. elections. This substantial growth, as noted in a report dated November 12, indicates a robust interest in the platform after the political landscape shifted with former President Donald Trump’s
Exchanges
In recent weeks, the crypto community has been abuzz with discussions surrounding the controversial listings of Solana-based memecoins on Binance, the largest cryptocurrency exchange by trading volume. Two particular coins, The AI Prophecy (ACT) and Peanut the Squirrel (PNUT), drew attention after they were listed on November 11, leading to dramatic surges in their market
In the rapidly evolving landscape of cryptocurrency, the possibility of a shift in regulatory oversight has captured the attention of many stakeholders. Brian Armstrong, CEO of Coinbase, has publicly endorsed the idea of appointing Hester Peirce as the head of the Securities and Exchange Commission (SEC) should Donald Trump secure a second term as President.
In the ever-evolving landscape of cryptocurrency, security remains a pressing concern for users and platforms alike. This is particularly true for centralized exchanges, which have been the target of several high-profile hacks. A significant case was the breach of WazirX in July 2024, where hackers managed to siphon off a staggering $235 million. This incident
The FTX exchange, once a leading player in the cryptocurrency world, has found itself embroiled in a legal battle that underscores the catastrophic fallout of its collapse. On November 4, the bankrupt firm initiated a lawsuit against Ryan Salame, who previously served as the co-CEO of its Bahamian subsidiary. The lawsuit aims to reclaim about
In a startling move that has attracted attention across the cryptocurrency landscape, Mt. Gox, a once-prominent exchange that fell into disarray following a catastrophic hack, has shifted over $2 billion worth of Bitcoin into newly minted wallets. According to Arkham Intelligence, this significant transfer occurred on November 4, at 23:38 UTC. The data reveals that
In a noteworthy development within the cryptocurrency landscape, OSL Group Limited has made headlines with its recent acquisition of an 81.38% stake in CoinBest K.K., a prominent crypto exchange based in Japan. This move, announced on November 4, signifies OSL’s intention to establish a foothold in Japan, a nation currently witnessing a boom in cryptocurrency
The world of cryptocurrency is no stranger to controversy, especially when it comes to the discussion of listing fees on trading platforms. Recently, a heated debate erupted involving key figures in the industry: Justin Sun, the founder of the Tron Network, Andre Cronje, co-founder of Sonic Labs, and Brian Armstrong, CEO of Coinbase. This discourse
On October 31, 2023, M2, a cryptocurrency exchange based in the UAE, became the latest victim in an alarming trend of security breaches that have plagued the crypto industry. The exchange reported a staggering loss of $13.7 million in digital assets after a security incident that occurred around 3:16 A.M. Despite a rapid response from
In a significant move for the cryptocurrency landscape, the Optimism Foundation has partnered with Kraken, securing a $25 million agreement aimed at integrating Kraken’s new Layer-2 blockchain, Ink, into the Superchain ecosystem. The arrangement not only symbolizes a monumental investment of resources but also underlines the growing trend of collaboration within the blockchain community. The
A comprehensive analysis conducted by Animoca Research sheds light on the performance of crypto tokens listed on five prominent exchanges from January to September. The findings reveal a concerning trend: a negative median performance ranging between 40% to 70% across 773 token listings from Binance, Bitget, Bybit, KuCoin, and OKX. This data invites scrutiny on
In a strategic move aimed at elevating its user experience, Binance, the world’s leading cryptocurrency exchange, has announced its collaboration with Amazon Web Services (AWS). As noted in a recent statement, this partnership will leverage AWS’s state-of-the-art generative AI tools and cloud infrastructure to simplify operations and enhance customer interactions on the platform. This development
Nishad Singh, once an influential engineering director at the now-defunct cryptocurrency exchange FTX, has recently faced the consequences of his actions, culminating in a sentence of time served and three years of supervised release. On October 30, a US District Judge, Lewis Kaplan, rendered this verdict as part of an overarching investigation into the collapse
The collapse of FTX has rippled through the financial landscape, drawing substantial legal scrutiny and causing financial turmoil for countless stakeholders. At the center of this chaos lies the plea for leniency from John J. Ray III, the CEO now tasked with steering the company through its bankruptcy proceedings. His recent appeal to the court
On October 30th, Kraken, a prominent player in the cryptocurrency exchange market, declared a significant round of layoffs framed as a necessary step for “organizational changes.” These changes are rooted in an effort to streamline the company’s operations and sharpen its strategic goals. Simultaneously, Kraken announced the appointment of Arjun Sethi, co-founder of Tribe Capital,
In a groundbreaking move for the cryptocurrency landscape, Visa has announced a strategic partnership with Coinbase, aimed at revolutionizing the way customers fund their accounts and execute transactions in real time. As outlined in their October 29 statement, this new collaboration specifically leverages Visa Direct, enabling eligible debit card users to make instant deposits into
In a significant development within the cryptocurrency landscape, FTX has successfully brokered a settlement valued at $228 million with Bybit, a rival cryptocurrency exchange, along with its affiliates. This resolution stems from a lawsuit initiated in November 2023, where FTX sought to recover an estimated $1 billion in assets that had been transferred or withdrawn
Kraken, a leading cryptocurrency exchange, has recently announced the launch of Ink, a groundbreaking Ethereum layer-2 network that leverages the innovative Optimism Superchain. This ambitious initiative is poised to transform the way users engage with DeFi (decentralized finance) by facilitating trade, lending, and borrowing directly on the blockchain without intermediary intervention. The announcement, made on
In a commendable effort toward transparency, WazirX, one of India’s prominent cryptocurrency exchanges, has released its proof-of-reserves (PoR) report. This report is crucial in establishing trust in the platform, especially in the wake of recent security concerns that have besieged the crypto industry. The report revealed that over 40% of customer assets are held on
As the cryptocurrency landscape continues to evolve, South Korean investors are grappling with significant challenges due to the abrupt closure of numerous crypto exchanges. Recent reports indicate that over 33,000 investors are currently unable to access their digital assets, collectively valued at approximately $13 million. These troubling circumstances have arisen in light of the recent
The collapse of FTX, once hailed as a leading cryptocurrency exchange, has triggered a wave of legal repercussions for former executives and associates involved with the firm. Central to understanding the downfall is the keen interest of U.S. prosecutors in how their inquiries unfolded, particularly regarding the testimony and cooperation of Nishad Singh, a former
In a surprising turn of events, the Nigerian government has officially dropped all charges against Tigran Gambaryan, an executive at Binance Holdings, who had been embroiled in a legal battle since his arrest in February. This decision was announced on October 23 by the Nigerian Economic and Financial Crimes Commission (EFCC) during proceedings at the
In the realm of cryptocurrencies and digital assets, regulatory clarity has become an essential concern for industry leaders and stakeholders. On October 18, 2023, Coinbase—a prominent cryptocurrency exchange based in the United States—took significant steps to address this issue by filing two new Freedom of Information Act (FOIA) requests. This initiative underscores not only Coinbase’s
The fall of FTX, once a beacon of cryptocurrency trading, has sent shockwaves throughout the financial world, drawing attention to the intricacies of financial accountability and the consequences of corporate governance failures. Among those facing the consequences of this historic implosion is former FTX executive Nishad Singh, who, in a recent memorandum submitted to a
In a tangled web of legal maneuvers, Ripple Labs faces continued scrutiny from the U.S. Securities and Exchange Commission (SEC) in a high-profile case that touches on the nuanced intersection of digital assets and securities law. On October 17, the SEC filed a Civil Appeal Pre-argument statement, marking yet another chapter in a lengthy legal
In a strategic move to capture the burgeoning wrapped Bitcoin market, Kraken has unveiled its latest product, kBTC, as announced on October 17. This innovative asset is an ERC-20 token that is fully backed at a 1:1 ratio by Bitcoin, meaning that for every unit of kBTC issued, an equivalent amount of Bitcoin is securely
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