In an era where digital privacy feels like a fading dream, the recent data breach at Coinbase has peeled back the curtain on a perilous reality. Imagine opening your mailbox to find a letter that violates your most intimate boundaries—a direct invasion by cybercriminals emboldened by a security lapse. Mike Dudas, founder of The Block,
Exchanges
In a shocking twist, the Singapore High Court has dealt a significant blow to cryptocurrency exchange WazirX, rejecting its ambitious restructuring proposal aimed at reviving operations in the wake of a staggering $230 million hacking incident. This setback reveals a grave misconception within the crypto industry regarding accountability and regulatory compliance. WazirX’s announcement on June
The financial technology landscape has shifted dramatically with Robinhood’s audacious $200 million acquisition of Bitstamp, marking a significant leap that transforms the company from a local player to a formidable global entity. This strategic move immediately presents Robinhood with over 50 active licenses in various jurisdictions including Europe and Asia, allowing the company to operate
The cryptocurrency market has long been a hotbed of speculation, innovation, and – at times – unfathomable risks. Yet, on June 3, IG Group has pushed the envelope further by allowing U.K. retail investors to trade 38 cryptocurrencies on its multi-asset platform. This historic launch marks IG as the first London-listed broker to embrace spot
In a bold move that caught the attention of industry analysts and investors alike, the FTX Recovery Trust is embarking on a significant injection of liquidity into the dwindling digital asset markets. Starting May 30, the trust began distributing over $5 billion in stablecoins, marking the beginning of a much-anticipated second round of repayments to
The recent decision by the U.S. Securities and Exchange Commission (SEC) to dismiss its civil complaint against Binance and its founder, Changpeng Zhao, is nothing short of seismic for the crypto industry. The move comes after intense scrutiny and a lengthy legal spat that has drawn the attention of lawmakers, investors, and the global financial
The recent update from BitGo indicates a new phase in the FTX repayment saga, and while it may appear to signal progress, a closer look reveals glaring issues. Sunil Kavuri’s announcement of credited accounts has generated a buzz, but the funds are tied up tighter than any typical cryptocurrency exchange wallet. Being able to see
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
