The crypto landscape anticipates significant changes as anticipation builds around who will lead the SEC in a potential second administration for Donald Trump. Coinbase CEO Brian Armstrong recently took to X to advocate for Hester Peirce, a current SEC Commissioner referred to fondly in crypto circles as “crypto mom.” Armstrong’s endorsement highlights Peirce’s ability to
Exchanges
In July 2023, WazirX, one of India’s leading cryptocurrency exchanges, found itself caught in a maelstrom of controversy when it suffered a massive security breach that resulted in the loss of $235 million. This incident, attributed to the notorious Lazarus Group, highlighted the vulnerabilities inherent in centralized exchanges, where control of assets is primarily in
The FTX exchange, once a shining beacon in the cryptocurrency landscape, now finds itself entangled in legal chaos. In a dramatic turn of events, the beleaguered company has initiated a lawsuit against Ryan Salame, the ex-co-CEO of its Bahamian subsidiary. This legal action—aimed at reclaiming nearly $98.8 million in cash and cryptocurrency—highlights the tumultuous fallout
In a dramatic recent move, Mt. Gox—once the largest crypto exchange—has transferred over $2 billion in Bitcoin to two new wallets. This transaction, which took place on November 4 at 23:38 UTC, has drawn attention from investors, analysts, and crypto enthusiasts alike. Data from Arkham Intelligence reveals that of the total amount, a staggering 30,371
In a decisive step towards enhancing its presence in the Asian cryptocurrency market, OSL Group Limited has recently announced the acquisition of a major stake in Japanese crypto exchange CoinBest K.K. Through its subsidiary, OSL Investment (Japan) Limited, the firm has procured an 81.38% share in CoinBest, a deal made public in a press release
The world of cryptocurrency has been rife with volatility and competitive tension, particularly concerning the listing fees imposed by exchanges. Recently, a heated dispute surfaced between key figures in the crypto industry regarding the practices of one of the largest exchanges, Coinbase. This article dissects the claims made by Tron Network founder Justin Sun and
In the rapid-paced world of cryptocurrency trading, security breaches can undermine trust and lead to significant financial losses. M2, a UAE-based cryptocurrency exchange, experienced a notable security incident on October 31, resulting in a staggering $13.7 million theft of digital assets. The event transpired at around 3:16 A.M., prompting immediate action from M2’s team. Despite
In a significant development within the cryptocurrency sphere, the Optimism Foundation has entered into a partnership with Kraken, a major player in the digital asset exchange market. This collaboration involves a substantial investment of 25 million OP tokens aimed at supporting the launch of Kraken’s new layer-2 (L2) blockchain, named Ink, within the Superchain ecosystem.
Recent findings from Animoca Research shed light on a rather disheartening trend in the cryptocurrency market. From January to September 2023, a substantial number of tokens listed across five major exchanges—Binance, Bitget, Bybit, KuCoin, and OKX—suffered considerable losses, with median performance plummeting between 40% and 70%. This analysis covered a total of 773 token listings,
In recent developments, Binance, the world’s largest cryptocurrency exchange by trading volume, has set its sights on enhancing user experience by leveraging the advanced technologies offered by Amazon Web Services (AWS). This initiative is part of Binance’s broader strategy to merge blockchain technology with cloud computing, reflecting an important step towards the digital transformation that
