In 2016, the cryptocurrency exchange Bitfinex experienced one of the most significant hacks in digital currency history, resulting in the theft of approximately 120,000 bitcoins (BTC). For the industry, this breach not only highlighted vulnerabilities in security practices but also raised questions about accountability and restitution for affected parties. Recent filings from the U.S. government
Exchanges
On October 7, the cryptocurrency market experienced a shocking and rapid decline in the value of Bitget’s native BGB token, which plummeted from $1.15 to $0.5344 within a mere ten minutes. Such extreme volatility created immediate alarm among traders and investors. The event unfolded around 02:58 UTC, with the token’s value suffering a staggering 56%
Recent findings from a Kaiko report reveal a pivotal moment for privacy tokens, marking a significant trend in the cryptocurrency market as they faced almost 60 delistings from centralized exchanges within the year. This unprecedented figure highlights the increasing resistance that privacy-focused cryptocurrencies, such as Monero (XMR), Dash (DASH), Decred (DCR), Mask (MASK), Rose (ROSE),
In a trailblazing move, Bybit, a prominent cryptocurrency exchange, recently unveiled an Islamic crypto account designed specifically for Muslim investors. Announced on September 24, this initiative aims to provide a compliant and accessible trading environment for the Islamic community. Bybit’s CEO, Ben Zhou, made this significant announcement through a post on social media platform X,
Since its inception in 2017, Binance has transcended barriers in the cryptocurrency landscape, marking a significant milestone by processing over $100 trillion in trades. This announcement was made public by Binance CEO Richard Teng on September 24, who highlighted the impressive figure that not only underscores Binance’s market dominance but also eclipses the overall market
Ethena Labs has unveiled an ambitious proposal aiming to bolster the growth of its synthetic dollar, USDe, through the introduction of a decentralized exchange (DEX) named “Ethereal.” On September 30, community member Fells0x put forth this proposal which aims to leverage the benefits of decentralized finance (DeFi) while enhancing USDe’s utility in the competitive crypto
Bithumb, a key player in the South Korean cryptocurrency landscape, has announced its responsive intentions to explore a public listing in the United States. This disclosure came forth during a shareholders meeting held on September 30, engaging the attention of local and global media alike. The exchange is currently eyeing an opportunity to list on
On October 1, 2023, Kraken announced a significant policy shift regarding its support for the privacy-focused cryptocurrency Monero (XMR). The exchange plans to cease trading and deposits for Monero markets across the European Economic Area (EEA) by the end of October 2024. This development comes amid changing regulatory frameworks in Europe that increasingly scrutinize the
Gemini, the well-known cryptocurrency exchange, has taken a decisive step to withdraw its services from Canada by the end of 2024. This announcement, made on September 30 via email to customers, has raised eyebrows across the crypto community. The email clearly articulated that all customer accounts in Canada would be closed effective December 31, 2024,
The sentencing of Caroline Ellison, once the CEO of Alameda Research and the former partner of crypto mogul Sam Bankman-Fried, marks a pivotal moment in the cryptocurrency landscape. Her two-year prison sentence, accompanied by an $11 billion forfeiture, underscores the severity of financial misconduct in the burgeoning yet volatile world of digital currencies. This development
