Coinbase has reported impressive total revenue figures for the second quarter, surpassing the market consensus estimate. With a total revenue of $1.449 billion, the exchange has demonstrated significant growth compared to the same period last year. The company’s net income also experienced a positive turnaround, recording a net income of $36 million, a notable improvement
Exchanges
The landscape of cryptocurrency trading is undergoing a significant transformation, with decentralized exchanges (DEXs) now emerging as strong contenders against centralized exchanges (CEXs). The founder of Uniswap, Hayden Adams, recently pointed out that DEX market share is at an all-time high relative to CEX. This shift is evident in the rising trading volumes on DEX
One of the standout features of Zoomex is its commitment to user anonymity. Unlike many other crypto exchanges that require extensive Know Your Customer (KYC) verification processes, Zoomex does not mandate KYC. This policy ensures that users can trade confidently, knowing their personal data remains private and secure. The emphasis on privacy particularly appeals to
Upon initial investigation, WazirX has stated that there is no evidence to suggest that their signers’ machines were compromised during the recent cyber attack on its multi-signature Ethereum wallet. This attack, which took place earlier this month, has brought about a great deal of concern and scrutiny within the cryptocurrency community. The exchange initially placed
After years of legal battles and uncertainties, the crypto exchange Bitstamp has taken a crucial step towards returning recovered digital assets to the creditors of the now-defunct Mt. Gox exchange. This initiative signifies a major milestone in the decade-long endeavor to compensate those affected by the infamous 2014 hacking incident that ultimately led to Mt.
After a significant exploit that led to the loss of almost half of its assets, India-based centralized exchange WazirX is actively seeking partnerships to restore full operations. Co-founder Nischal Shetty took to social media on July 23 to update users on the situation and shared that the exchange is diligently working on a solution to
The crypto industry is currently in a state of anticipation as Donald Trump’s odds of winning a second presidency have been on the rise. With promises to end President Joe Biden’s ‘crusade against crypto,’ many in the industry are eagerly waiting to see what the future holds. However, while this may be good news for
The recent hack of India-based crypto exchange WazirX has raised significant concerns within the cryptocurrency community. In a post-mortem report by MPC wallet provider Liminal on July 19, it was revealed that the breach was not a result of Liminal’s infrastructure being compromised. Instead, the hack was attributed to compromised devices within WazirX’s network. According
Recently, a US court granted Binance US the authority to invest specific customer fiat funds, currently held at BitGo, in US Treasury Bills. This decision came after the exchange requested court approval to invest approximately $40 million in $10 million increments over a period of four weeks. The funds will be invested through a trading
Crypto exchange OKX has recently announced its selection of Malta as its Market in Crypto-Assets (MiCA) hub. This move was made in order to better serve the 450 million residents of the European Union. By choosing Malta, OKX aims to provide services that comply with local regulations while also ensuring seamless deposit and withdrawal connectivity
