The recent introduction of perpetual futures contracts for Pi Network’s token, PI, on Kraken has set the stage for what could potentially be a whirlwind of trading activity. Traders now have the opportunity to speculate on the token’s price movements with leverage up to 20 times. Yet, despite the hype that typically surrounds such launches,
Exchanges
Binance, the heavyweight champion of cryptocurrency exchanges, has recently announced its plans to list the USD1 stablecoin, associated with the family of former President Donald Trump, through the decentralized finance (DeFi) venture World Liberty Financial (WLFI). This decision, celebrated by some as a strategic advancement, deserves scrutiny. The implications of this move go beyond mere
Coinbase, a leading player in the cryptocurrency exchange market, has recently confirmed a disheartening data breach that has put the personal information of nearly 70,000 users in jeopardy. This issue is not simply a statistic; it embodies the widespread vulnerabilities that plague digital finance today. The revelation that 69,461 individuals’ data, including names, social security
The ongoing legal battle between FTX and Binance is turning into a theatrically intense courtroom drama, underpinned by intricate claims of jurisdiction. As Binance seeks to dismiss FTX’s outrageous $1.76 billion lawsuit, it is crucial to scrutinize the foundational arguments laid out by both parties. FTX claims Binance contributed to its downfall, but Binance is
Circle’s ambition to enter the public market with a projected $5 billion valuation is only the beginning of its evolution in an industry marked by rapid change and competition. As the issuer of the USDC stablecoin, Circle is attempting to lay a definitive claim in the fintech landscape, but it might be their explorations in
As the cryptocurrency world continues to expand, it brings with it not only unprecedented wealth but also a striking increase in physical threats aimed at investors holding substantial digital assets. This troubling trend has led to a marked uptick in the demand for personal security services. Companies like Amsterdam-based Infinite Risks International have been receiving
In an era where the digital landscape is increasingly becoming a battleground for cybercriminals, the recent social engineering scam targeting Coinbase users stands as a stark reminder of how vulnerable we are. Contributor Qiao Wang highlighted the ropes of this nefarious game, particularly during a time when Coinbase was embroiled in its own internal turmoil
The recent public invitation from Coinbase CEO Brian Armstrong to employees of the US Department of Government Efficiency (DOGE) signifies a radical shift in how we perceive the utility of public service professionals. By urging these government employees to consider new roles after their tenure, Armstrong is not merely offering jobs; he is revolutionizing the
The ongoing struggle for liquidity in the cryptocurrency markets starkly highlights its fragmented and still-developing nature. Unlike traditional finance, where the New York Stock Exchange and other centralized markets thrive on their depth and breadth, crypto exchanges seem perpetually caught in a web of inefficiency. An assessment of trading volume and market mechanics reveals that
The recent announcement by Backpack regarding the initiation of the withdrawal process for former FTX EU clients marks a significant turning point in the tumultuous saga that has engulfed the cryptocurrency industry. The decision to allow users to reclaim their lost funds is a bold step that defies the skepticism surrounding the remnants of FTX,