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
Exchanges
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
In the tumultuous aftermath of FTX’s collapse, the legal landscape has become a complex battleground for asset recovery and accountability. Central to this narrative is Nishad Singh, the former engineering director of FTX, whose cooperation has become a pivotal element in the ongoing bankruptcy proceedings. While traditionally the focus in such cases tends to rest
The collapse of FTX, once a giant in the cryptocurrency exchange arena, marked a seismic shift in the financial landscape, revealing the dark underbelly of mismanagement and regulatory neglect. Nishad Singh, the former engineering director of FTX, recently faced judgement for his role in this notorious scandal, which sent shockwaves through the crypto community. On
On October 30th, Kraken, a prominent player in the cryptocurrency exchange market, announced critical organizational changes that included a significant round of layoffs. This announcement has raised eyebrows within the industry, particularly as it reflects the ongoing volatility and challenges faced by crypto firms. Kraken’s leadership stated that the layoffs were a necessary step towards
In a significant move within the fintech landscape, Visa has announced a partnership with Coinbase aimed at revolutionizing the process of cryptocurrency transactions. This collaboration, publicly detailed on October 29, promises to provide users with the ability to instantly fund their Coinbase accounts using eligible Visa debit cards. This milestone is indicative of Visa’s commitment
In a significant development within the cryptocurrency sector, FTX, once a leading crypto exchange, has secured a settlement worth $228 million with Bybit and affiliated entities. This move concludes a lawsuit initiated in November 2023, aimed at reclaiming approximately $1 billion in assets following FTX’s shocking bankruptcy announcement in November 2022. The agreement facilitates FTX’s
In a bold move to reconfigure the dynamics of cryptocurrency trading, Kraken has unveiled plans for an innovative platform named Ink. Announced on October 24, this Ethereum layer-2 network, built upon the Optimism Superchain framework, seeks to transform the way users engage with DeFi (Decentralized Finance) by enabling seamless trading, borrowing, and lending of tokens
In the tumultuous landscape of cryptocurrency exchanges, transparency has emerged as a pivotal factor in building trust among users. The recent proof-of-reserves (PoR) report disclosed by WazirX, one of India’s premier crypto exchanges, aims to fortify this trust by providing a detailed overview of its asset holdings. As cryptocurrency activities grow increasingly scrutinized, initiatives like
In an alarming development for South Korean investors, over 33,000 individuals find themselves unable to access approximately $13 million in digital assets due to the cessation of operations by multiple cryptocurrency exchanges. According to reports from The Korea Times as of October 14, fourteen exchanges have either shut down or temporarily halted their services following
