The Solana blockchain network, known for its high throughput and low transaction costs, has recently come under scrutiny due to noteworthy transaction delays experienced by users on the Coinbase platform. Many individuals engaged in the Solana community took to social media platform X to share their frustrations, indicating that their transactions had taken as long
Exchanges
In a resurfacing of corporate integrity issues, a former senior executive at Binance, Amrita Srivastava, has come forward with troubling allegations of retaliatory dismissal following her whistleblowing about an alleged bribery scheme within the organization. This incident, reported by Bloomberg News, emphasizes the critical need for forthright practices in the fintech landscape, especially given Binance’s
Celo, a significant player in the blockchain space, has recently drawn attention due to a pivotal transition—a migration from its native Layer-1 blockchain to an Ethereum Layer-2 network within the Optimism Superchain ecosystem. However, this transition has ignited contention, particularly following Coinbase’s announcement on November 27 that it would not support this migration. This decision
FTX, once a leading cryptocurrency exchange, has taken significant steps toward recovery following its catastrophic collapse in November 2022. The company, along with its affiliated debtors, has announced a robust plan for reorganizing under Chapter 11, aiming to commence distributions to creditors and customers by January 2025. This timeline marks a pivotal turning point for
In a significant breakthrough, South Korean authorities have reclaimed 4.8 Bitcoin (BTC) believed to be connected to the notorious 2019 hack of Upbit, one of South Korea’s largest cryptocurrency exchanges. The incident, characterized by the theft of 342,000 Ethereum (ETH) valued at an impressive $41.4 million at the time, has continued to reverberate throughout the
In a noteworthy shift within the cryptocurrency landscape, Coinbase has announced plans to halt Wrapped Bitcoin (WBTC) trading pairs on its exchange and Prime platforms, effective December 19. This decision comes after concerns regarding the token’s compliance with the exchange’s listing standards, underscoring the dynamic and often volatile nature of digital asset trading. While users
In an innovative move for the cryptocurrency industry, Binance has rolled out the BFUSD stablecoin, as detailed in a recent announcement dated November 18. Aimed primarily at futures and perpetuals traders, BFUSD distinguishes itself by offering an enticing annual percentage yield (APY) of approximately 19.55%. This feature allows users to earn daily rewards effortlessly, as
The Trump Media and Technology Group (TMTG), the media arm of the former president, is making waves in the digital landscape with its plans to pivot into the cryptocurrency sector. Recent reports indicate that TMTG is in advanced negotiations to acquire Bakkt, a cryptocurrency trading platform operated by Intercontinental Exchange (ICE). This proposed acquisition, as
In a troubling development for South Korea’s cryptocurrency arena, the country’s foremost exchange, Upbit, faces scrutiny over substantial Know-Your-Customer (KYC) compliance failures. As reported on November 14, the Financial Intelligence Unit (FIU) from the Financial Services Commission (FSC) discovered an alarming number of potential KYC breaches during a standard review of Upbit’s business license renewal.
In recent developments, the Delhi Police have made significant strides in their investigation of a staggering $235 million breach related to the cryptocurrency exchange WazirX. This incident has raised numerous concerns regarding the security measures in place at cryptocurrency platforms, as well as the larger implications it holds for users and stakeholders within the digital
