In a recent cybersecurity incident, bankruptcy claims agent Kroll suffered a breach that compromised the personal information of some FTX customers. FTX, a cryptocurrency exchange, confirmed the incident on social media and assured its users that measures were being taken to protect them. However, the incident raises concerns about the security of customer data and
Exchanges
Binance Card, the popular crypto debit card offered by the Binance exchange, will no longer be available in Latin America and the Middle East starting on September 21st. In an official statement released on August 24th, Binance announced the suspension of its card services in these regions. The Binance Card functions like a regular debit
In a recent email sent to select users on August 14, PayPal made an announcement that has left cryptocurrency enthusiasts in the U.K. disappointed. The message stated that the popular payment platform will temporarily pause crypto buying services in the country starting from October 1, 2023, with the intention to resume at an unspecified date
AllianceBlock, a leading DeFi infrastructure provider, recently announced the launch of Nexera decentralized exchange (DEX) on Ethereum’s layer2 network, Arbitrum One. This integration comes with the added benefit of incorporating Uniswap liquidity, enhancing accessibility and liquidity for various digital assets. The launch of Nexera DEX demonstrates the ongoing efforts to improve DeFi infrastructure and make
Crypto lawyer James Murphy has described the amicus brief filed by six law scholars in support of Coinbase as “devastating” for the U.S. Securities and Exchange Commission (SEC). This legal document challenges the SEC’s claim that tokens trading on Coinbase are securities. In a post on August 12, Murphy praised the brief for undermining the
In a recent announcement, Binance Labs revealed its investment of $5 million in Curve DAO Token (CRV). This strategic collaboration aims to strengthen the DeFi platform after it experienced a recent attack. Yi He, Co-Founder of Binance and Head of Binance Labs, stated that the investment is a demonstration of the full support offered by
Decentralized exchanges (DEX) have long been a popular choice for cryptocurrency traders seeking more control over their assets. In the world of DEX, there is a new player on the rise – Base, Coinbase’s newly launched layer2 network. Within just 24 hours of its public launch, Base has already surpassed established layer1 networks like Cardano
It has been reported that Ryan Salame, the former co-CEO at FTX’s Bahamas subsidiary, FTX DM, is currently engaged in negotiations with federal prosecutors. These talks could potentially lead to Salame pleading guilty to criminal charges in relation to the collapse of the crypto exchange. The news of these negotiations was first reported by Bloomberg
In a recent announcement, cryptocurrency exchange Huobi revealed its plans to list PayPal’s newly launched PYUSD stablecoin. Huobi aims to be the first exchange to support the launch of PYUSD and has promised to provide PYUSD/USDT trading pairs with a zero trading fee permanently. While Huobi did not specify a timeline for the listing, it
Cryptocurrency exchange Kraken has recently announced that it will be listing two Reddit cryptocurrency tokens, namely MOONS and BRICKS, on its platform. As of August 7th, users can now trade these tokens on both Kraken and Kraken Pro, across spot and futures markets, as well as through USD and EUR trading pairs. In addition to
Leading cryptocurrency exchange, Coinbase, is not backing down in the face of the ongoing lawsuit filed by the Securities and Exchange Commission (SEC). In a recent shareholder letter, Coinbase revealed its intention to file a motion to dismiss the entire case. This bold move is part of a larger strategy as the exchange navigates the
The Australian Securities and Investments Commission (ASIC) has recently filed a lawsuit against the online trading platform eToro, accusing it of violating financial regulations related to cryptocurrency derivative products. This alleged violation has reportedly led to two-thirds of Contract For Difference (CFD) traders losing their funds. The ASIC Deputy Chair, Sarah Court, expressed disappointment over
Coinbase is set to integrate the Bitcoin Lightning Network (LN) into its platform, according to the exchange’s CEO, Brian Armstrong. This move comes as part of Coinbase’s efforts to drive cryptocurrency payments worldwide. By implementing LN, Coinbase aims to improve the user experience, solve scalability issues, and potentially increase the adoption of Bitcoin. The LN
The crypto exchange giant, Binance, recently made a groundbreaking move by launching its dedicated platform in Japan. This strategic expansion aims to onboard new customers in the country and build a sustainable Web3 ecosystem in Asia. Binance Japan, formerly known as SAKURA Exchange Bitcoin (SEBC), is regulated by Japan’s Financial Services Agency (FSA) and has