Following the recent U.S. elections, Binance, the premier cryptocurrency exchange, has experienced a remarkable rise in asset inflows, reaching over $7 billion since the voting concluded on November 5. This spike, reported by CryptoSlate, dwarfs the inflows of its closest competitor, OKX, which garnered just $1 billion in the same timeframe. As a result of
Exchanges
The cryptocurrency landscape is increasingly becoming a mix of innovation, speculation, and controversy. A recent focus of concern is the practice surrounding memecoins listed on the Binance exchange, specifically the tokens known as The AI Prophecy (ACT) and Peanut the Squirrel (PNUT). These low-market-cap currencies saw their values surge markedly following surprise listings on Binance,
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
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
