Recently, the Solana blockchain community has been embroiled in concerns regarding transaction delays experienced on Coinbase, a prominent cryptocurrency exchange. Solana users took to the social media platform X to report that their transactions were taking an astonishing 45 minutes to process. This stark contrast was particularly alarming as it vastly exceeded processing times for
Exchanges
In a striking turn of events, a former high-ranking executive from Binance has purportedly faced retaliation for raising alarm bells about alleged unethical practices within the company. Amrita Srivastava, who worked remotely on Binance’s Link platform and was based in London, asserts she was unfairly dismissed following the revelation of a colleague’s purported bribery scheme.
Celo, recognized as a significant player among Layer-1 blockchains, is currently undergoing scrutiny as it plans to transition to the Ethereum Layer-2 network within the Optimism Superchain ecosystem. This strategic move, aimed at enhancing scalability and utility, has been met with skepticism, particularly after a notable 5% drop in its native token, CELO. The decline
The collapse of FTX in November 2022 sent shockwaves through the cryptocurrency community and broader financial markets. Once a leading platform for digital asset trading, FTX fell victim to serious mismanagement orchestrated by its founder, Sam Bankman-Fried, and his executive team. This mismanagement primarily involved the misuse of customer funds, leading to catastrophic losses for
In a remarkable turn of events, South Korean authorities have successfully retrieved 4.8 Bitcoin (BTC) originally linked to the notorious 2019 hack of Upbit, one of the largest cryptocurrency exchanges in South Korea. This incident was not merely a typical cyber theft; it involved a substantial amount of 342,000 Ethereum (ETH) being pilfered by suspected
In a significant move on November 19, Coinbase announced its intention to cease trading Wrapped Bitcoin (WBTC) pairs on its exchange and Prime platforms, effective December 19. This development raises critical questions about the underlying reasons for the decision, as Coinbase has not disclosed the specific criteria that WBTC failed to meet concerning its listing
On November 18, Binance unveiled its latest innovation: BFUSD, a yield-generating stablecoin tailored specifically for futures and perpetual trading. This move marks a significant shift for the exchange, aiming to enhance its competitive edge in the rapidly evolving cryptocurrency landscape. BFUSD promises an enticing annual percentage yield (APY) of roughly 19.55%, offering users the opportunity
The ongoing shift in the corporate landscape towards embracing cryptocurrency has caught the attention of Donald Trump’s media venture, Trump Media and Technology Group (TMTG). Recent reports indicate that TMTG is in advanced negotiations to acquire Bakkt, a cryptocurrency trading platform owned by the Intercontinental Exchange (ICE). This move appears to be a strategic effort
In a startling revelation, the South Korean government has detected substantial Know-Your-Customer (KYC) violations on Upbit, the country’s foremost cryptocurrency exchange. Reports from November 14 indicate that during a standard review linked to the renewal of Upbit’s business license, the Financial Intelligence Unit (FIU) of the Financial Services Commission uncovered a staggering number of KYC
The dramatic landscape of cryptocurrency is continually punctuated by incidents of security breaches and scams, and the recent $235 million scandal involving India’s prominent crypto exchange, WazirX, serves as a striking illustration of the challenges faced by the sector. With the arrest of SK Masud Alam, authorities appear to have made a significant breakthrough in
