The recent initiation of the second phase of FTX’s repayment strategy, overseen by BitGo, has stirred a swirl of mixed emotions among former users of the troubled exchange. On the surface, it appears to be a step forward, a glimmer of hope amid the chaos that followed FTX’s infamous downfall. However, it is crucial to
Exchanges
In a move that many would characterize as a blessing in disguise, Kraken has unveiled perpetual futures contracts for Pi Network’s native token, PI. This allows traders to leverage their positions up to 20 times. However, this introduction as of May 23 has not ignited the enthusiasm one would expect. At the time of writing,
In an audacious move, Binance—the behemoth of the cryptocurrency trading world—has announced plans to list the USD1 stablecoin. Associated with the Donald Trump family-backed venture, World Liberty Financial (WLFI), this stablecoin marks a new chapter not just for Binance but also for the landscape of decentralized finance (DeFi). Trading will commence for the USD1/USDT pair,
The recent news surrounding Coinbase’s data breach shook the cryptocurrency community and raised critical questions about the effectiveness of security measures in the fast-evolving digital finance landscape. With the personal information of nearly 70,000 users exposed, including names, social security numbers, and contact details, the event signals not just a technical failure but a fundamental
In a striking move that reveals the complexities inherent in global financial disputes, Binance has urged a US court to throw out FTX’s staggering $1.76 billion lawsuit. The crux of Binance’s defense rests on claims of lack of jurisdiction, a point that necessitates a thorough examination of international law’s implications in cases involving cryptocurrency exchanges.
Circle’s ambition to go public, targeting a staggering valuation of $5 billion, represents a bold stride in a fluctuating cryptocurrency landscape marred by regulatory uncertainty and market volatility. However, news of potential acquisition talks with giants like Coinbase or Ripple casts a long shadow over this endeavor. While the idea of an IPO can be
The cryptocurrency space, once seen as a bastion of financial innovation and freedom, is rapidly becoming a dangerous environment for high-stakes investors. The recent surge in threats against crypto investors who hold significant assets has led to an alarming escalation in demand for personal security services. No longer can crypto enthusiasts dismiss security measures as
The cryptocurrency landscape has often been marked by innovation and promise, yet a recent incident illustrates its potential pitfalls. Coinbase, a leading digital currency exchange, recently faced a severe breach that has not only shaken investor confidence but also exposed the shortcomings of its security measures. This situation, as detailed by Alliance DAO contributor Qiao
In a groundbreaking overture, Coinbase CEO Brian Armstrong has issued an intriguing proposition to employees of the Department of Government Efficiency (DOGE) – an agency characterized by its bold, tech-centric approach to solving inefficiencies within the federal government. Armstrong’s invitation for these public servants to join the ranks at Coinbase is not merely a recruitment
Liquidity in the cryptocurrency space is a troubling landscape that continues to hinder its evolution and mainstream adoption. A recent report by S&P Global emphasizes that despite the exhilarating surge in digital assets, liquidity operates in a distinctly fragmented manner when compared to traditional financial markets. Unlike the well-oiled machines we see with the New