Coinbase CEO Brian Armstrong recently voiced his opposition to the U.S. Commodity Futures Trading Commission’s (CFTC) pursuit of enforcement actions against decentralized finance (DeFi) protocols. In a post on X (formerly Twitter), Armstrong argued that these protocols should not be considered “financial service businesses” and suggested that they should take their cases to court instead.
Exchanges
Cryptocurrency exchange CoinEx recently fell victim to a massive hack resulting in the loss of over $27 million. According to a report by blockchain security firm SlowMist, the hack was carried out by the notorious North Korean Lazarus Group. This revelation was also supported by well-known on-chain investigator ZachXBT, who connected the group’s address to
Cryptocurrency exchange CoinEx recently experienced a security breach that resulted in unusual withdrawals from its hot wallets, where it stores exchange funds. According to official reports on September 12, the breach involved unauthorized transactions of Ethereum (ETH), TRON (TRX), and Polygon (MATIC) assets. The incident raised concerns about the security measures in place at CoinEx
Coinbase, one of the leading cryptocurrency exchanges, has raised the interest rate on USDC (USD Coin) from 4% to 5%. This marks a significant increase of 150% compared to the previous 2% rate in June. The boost in interest rates comes after the SEC clarified its stance on stablecoins, categorizing them as not being unregistered
Binance, one of the leading cryptocurrency exchanges, has recently announced its decision to terminate support for features related to non-fungible tokens (NFTs). The company stated that it will cease support for all Polygon-based NFTs on September 26, and users are required to withdraw their Polygon NFTs by December 31. This move comes as part of
Former FTX co-CEO Ryan Salame is expected to plead guilty to the criminal charges against him, according to Bloomberg. This comes as a major blow for FTX Digital Markets, which already faced collapse last year. Salame, who was jointly in charge with Sam Bankman-Fried, is scheduled to appear at the Manhattan federal court on Thursday
The Monetary Authority of Singapore (MAS) has imposed new regulations on Coinbase Singapore, requiring users to provide additional counterparty information for cryptocurrency deposits and withdrawals. These measures aim to comply with anti-money laundering and countering the financing of terrorism regulations. Coinbase Singapore users will now need to furnish specific information while initiating transactions involving digital
Regulated stock exchanges around the world are facing increasing pressure to offer cryptocurrency products due to growing demand from both retail and institutional investors. According to a report published by the World Federation of Exchanges (WFE), there is a significant interest in crypto-related assets like Bitcoin. However, despite the demand, regulated exchanges remain reluctant to
In a recent email to CryptoSlate, Binance confirmed that Mayur Kamat, the head of product at the exchange, has left his role. Kamat, who joined Binance in January 2022, brought with him a wealth of experience from his previous positions at Google and Agoda. His departure adds to the growing list of top-level executives who
In a surprising development, on-chain data has revealed that a cold wallet owned by the collapsed cryptocurrency exchange FTX has moved close to $10 million worth of altcoins from Solana to Ethereum since August 31st. The exact reasons behind these transfers remain undisclosed, leaving the crypto community puzzled. Notably, the altcoins transferred include popular tokens
GMX, a decentralized perpetual exchange, made its debut in the DeFi community in September 2021. Its launch on Arbitrum, an Ethereum Layer 2 scaling solution, marked a major milestone in the world of decentralized finance. GMX gained significant attention for being the first DEX and perpetual market on the Arbitrum ecosystem. One of its standout
In a recent development, FTX founder Samuel Bankman-Fried’s attorneys have raised concerns about their client’s limited access to evidence against him, highlighting a violation of his constitutional rights. The attorneys argue that the proposed solution of providing Bankman-Fried with an offline laptop and intermittent internet access within a courthouse cellblock falls short of addressing the
U.S. prosecutors recently addressed the concerns raised by Sam Bankman-Fried, the former CEO of FTX, and his legal team in a filing on August 29. Bankman-Fried and his team had previously objected to the government’s decision to provide a substantial amount of discovery materials in the weeks leading up to the trial. In response, the
The recent report by Arkham Intelligence has revealed some startling information about the popular trading platform, Robinhood. According to the report, Robinhood allegedly holds over $3 billion worth of Bitcoin in a single address. This news has sparked curiosity and speculation among cryptocurrency enthusiasts and investors alike. In this article, we will delve deeper into
U.S. prosecutors have recently disclosed a massive amount of discovery documents in the case of former FTX CEO, Sam Bankman-Fried. However, his lawyers have raised concerns regarding the government’s intention to provide access to these materials while Bankman-Fried is detained at the Metropolitan Detention Center in Brooklyn (MDC). One of the primary issues highlighted by
Bankruptcy claims agent Kroll, which was hired by FTX, has fallen victim to a cybersecurity incident that has compromised the personal information of certain FTX customers. FTX, a popular cryptocurrency exchange, confirmed the breach on social media platform X in a post on August 25. The company clarified that the breach only impacted non-sensitive customer
In a recent statement released on Aug. 24, Binance announced that its popular crypto debit card, Binance Card, will no longer be available in Latin America and the Middle East starting from Sept. 21. This shocking announcement comes as a major setback for the exchange and its users in these regions. The Binance Card is
PayPal, the global online payment solutions provider, has announced that it will temporarily suspend its cryptocurrency buying services in the United Kingdom. Select users received an email on August 14, notifying them of this upcoming disruption. The pause on buying crypto will commence on October 1, 2023, and is anticipated to last until early 2024.
The decentralized finance (DeFi) sector continues to evolve with new innovations and advancements. One such development is the launch of Nexera decentralized exchange (DEX) by DeFi infrastructure provider AllianceBlock. This article explores the key features and potential impact of Nexera DEX on the Ethereum network. Nexera DEX sets itself apart with its innovative design and
Coinbase, one of the world’s leading cryptocurrency exchanges, has made an official entry into the Canadian market. In an announcement on August 14th, the exchange revealed its strategic collaboration with Peoples Trust Company, a subsidiary of the Peoples Group. This partnership marks a significant milestone as it introduces Interac payment rails, enabling seamless Canadian Dollar
The recent filing of an amicus brief by a group of law professors and scholars has dealt a significant blow to the U.S. Securities and Exchange Commission’s (SEC) case against Coinbase. This legal document, which provides additional information and perspective to the court, has been described by crypto lawyer James Murphy as “devastating” for the
Binance Labs, the investment arm of Binance, recently announced that it has invested $5 million in Curve DAO Token (CRV) to support the decentralized finance (DeFi) platform. This move comes in the wake of a recent attack that resulted in the theft of at least $60 million from Curve Finance. In this article, we will
In a surprising turn of events, decentralized exchanges (DEX) on Coinbase’s newly launched layer2 network, Base, have quickly surpassed the trading volume of established layer1 networks such as Cardano (ADA) and others. Data from DeFiLlama reveals that within 24 hours of its launch, Base ranked among the top 10 networks by trading volume, generating an
The cryptocurrency industry has seen its fair share of controversies and scandals over the years. One such incident involves FTX DM, a subsidiary of FTX, whose co-CEO Ryan Salame is reportedly in talks with federal prosecutors to potentially plead guilty to criminal charges related to the collapse of the crypto exchange. This development has sent
Cryptocurrency exchange Huobi has announced that it will soon list the newly launched PayPal’s PYUSD stablecoin. In a statement released on August 8th, Huobi stated that it will be the first cryptocurrency exchange to support the launch of PYUSD stablecoin. It further added that it will provide PYUSD/USDT trading pairs with a permanent 0 trading
Cryptocurrency exchange Kraken has recently announced the listing of two Reddit cryptocurrency tokens, MOONS and BRICKS. This move allows users to trade these tokens on Kraken and Kraken Pro, both in spot and futures markets, using USD and EUR trading pairs. This article explores the significance of this listing and the potential impact it may
Leading cryptocurrency exchange, Coinbase, is not backing down in its legal battle against the Securities and Exchange Commission (SEC). In their recent shareholder letter, the company revealed its plan to file a motion to dismiss the lawsuit in its entirety. Coinbase firmly believes that none of the assets or services mentioned in the SEC’s complaint