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
Exchanges
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
Following the recent United States elections, Binance, the largest cryptocurrency exchange by volume, has experienced an impressive surge in capital inflows, totaling over $7 billion since the elections occurred on November 5. This significant influx positions Binance far ahead of its closest competitor, OKX, which managed approximately $1 billion in inflows during the same timeframe.
In the vast realm of cryptocurrency, the emergence of memecoins has proven to be both a phenomenon and a cause for concern. Recently, the Binance exchange, the largest in the world by trading volume, has come under fire for its decision to list Solana-based memecoins such as The AI Prophecy (ACT) and Peanut the Squirrel
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
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
