The crypto community has been abuzz with the implications of potential leadership changes at the Securities and Exchange Commission (SEC), especially following the comments made by Coinbase’s CEO, Brian Armstrong. Armstrong recently advocated for Hester Peirce, fondly referred to as “crypto mom,” to assume leadership of the SEC if President Donald Trump were to secure
Exchanges
In the wake of a significant security breach that shook the cryptocurrency landscape, WazirX has set forth plans to launch a decentralized exchange (DEX) as part of its ongoing efforts to bolster user security and rebuild trust. This decision comes after hackers exploited vulnerabilities within the platform, resulting in a staggering loss of $235 million
The recent legal turmoil surrounding the infamous FTX exchange continues to unfold as it files a lawsuit against Ryan Salame, the former co-CEO of its Bahamian subsidiary. Seeking to reclaim an astounding $98.8 million, FTX alleges that Salame played a pivotal role in facilitating the questionable practices that ultimately led to the company’s catastrophic downfall.
The saga of Mt. Gox, once the world’s largest Bitcoin exchange, continues to evolve as it recently transferred over $2 billion worth of Bitcoin into newly established wallets. According to blockchain analytics provider Arkham Intelligence, these transactions took place on November 4, revealing a substantial movement of assets that has raised eyebrows across the crypto
In a noteworthy development on November 4, 2023, OSL Group Limited announced its expansion into the Japanese cryptocurrency market through a significant acquisition. Its subsidiary, OSL Investment (Japan) Limited, has secured an 81.38% share in CoinBest K.K., a well-known local cryptocurrency exchange. This strategic agreement signals OSL’s commitment to tap into Japan’s thriving digital asset
The cryptocurrency industry has continuously evolved amid fierce competition and regulatory uncertainties. Recently, a dispute regarding listing fees has surfaced, igniting discussions among industry leaders and the wider community. This conflict centers on Coinbase’s alleged fee structures for asset listings, particularly involving prominent figures in the crypto world: Justin Sun, the founder of Tron Network,
M2, a cryptocurrency exchange based in the United Arab Emirates, recently fell victim to a significant cyberattack, leading to a staggering $13.7 million loss in digital assets. The breach, which occurred in the early hours of October 31, was officially disclosed in a statement released by M2 on November 1. The exchange reported that although
In a significant move that underscores the dynamism of the blockchain sector, the Optimism Foundation has forged a partnership with Kraken, securing a commitment of 25 million OP tokens to enhance Kraken’s new layer-2 blockchain, Ink. This collaboration is not just a routine partnership; it represents a strategic alliance aimed at propelling both entities into
In recent months, the volatility of the cryptocurrency market has manifested starkly through the performance of new token listings. A report from Animoca Research critically assesses the period from January to September, during which tokens were introduced on five significant exchanges: Binance, Bitget, Bybit, KuCoin, and OKX. The findings are sobering; they reveal a worrying
In an era marked by rapid technological advancements, Binance has announced a significant collaboration with Amazon Web Services (AWS) to leverage cutting-edge generative AI tools. This partnership aims to transform the user experience on Binance’s trading platform, reflecting a bold step toward innovation in the cryptocurrency space. As the largest crypto exchange globally by trading
