In a decisive step towards enhancing its presence in the Asian cryptocurrency market, OSL Group Limited has recently announced the acquisition of a major stake in Japanese crypto exchange CoinBest K.K. Through its subsidiary, OSL Investment (Japan) Limited, the firm has procured an 81.38% share in CoinBest, a deal made public in a press release
Exchanges
The world of cryptocurrency has been rife with volatility and competitive tension, particularly concerning the listing fees imposed by exchanges. Recently, a heated dispute surfaced between key figures in the crypto industry regarding the practices of one of the largest exchanges, Coinbase. This article dissects the claims made by Tron Network founder Justin Sun and
In the rapid-paced world of cryptocurrency trading, security breaches can undermine trust and lead to significant financial losses. M2, a UAE-based cryptocurrency exchange, experienced a notable security incident on October 31, resulting in a staggering $13.7 million theft of digital assets. The event transpired at around 3:16 A.M., prompting immediate action from M2’s team. Despite
In a significant development within the cryptocurrency sphere, the Optimism Foundation has entered into a partnership with Kraken, a major player in the digital asset exchange market. This collaboration involves a substantial investment of 25 million OP tokens aimed at supporting the launch of Kraken’s new layer-2 (L2) blockchain, named Ink, within the Superchain ecosystem.
Recent findings from Animoca Research shed light on a rather disheartening trend in the cryptocurrency market. From January to September 2023, a substantial number of tokens listed across five major exchanges—Binance, Bitget, Bybit, KuCoin, and OKX—suffered considerable losses, with median performance plummeting between 40% and 70%. This analysis covered a total of 773 token listings,
In recent developments, Binance, the world’s largest cryptocurrency exchange by trading volume, has set its sights on enhancing user experience by leveraging the advanced technologies offered by Amazon Web Services (AWS). This initiative is part of Binance’s broader strategy to merge blockchain technology with cloud computing, reflecting an important step towards the digital transformation that
The recent downfall of FTX, once a giant in the cryptocurrency exchange landscape, has left a trail of financial devastation and legal intrigue. As the company seeks to recover assets to compensate its creditors, attention has pivoted towards former engineering director, Nishad Singh. His unique position within the company and his subsequent plea of guilty
On October 30, Kraken, one of the leading cryptocurrency exchanges, announced a significant restructuring initiative that involved layoffs impacting 15% of its workforce. This development comes on the heels of a previous wave of job cuts in November 2022, when the company slashed approximately 30% of its workforce, amounting to 1,100 employees. The recurring theme
The FTX scandal stands as a catastrophic episode in the cryptocurrency realm, drawing attention from regulatory bodies and investors alike. Following the exchange’s shocking bankruptcy in late 2022, a significant web of misappropriated funds and questionable business practices came to light. Among those entangled in this turmoil was Nishad Singh, a former engineering director whose
In an innovative move that underscores the growing integration of traditional finance (TradFi) with the world of cryptocurrencies, Visa has announced a strategic partnership with Coinbase that will enable instantaneous deposits for users utilizing eligible Visa debit cards. This partnership, revealed in a statement on October 29, represents a significant leap in facilitating immediate access
