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
Exchanges
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
In July, Indian crypto exchange WazirX faced a catastrophic security breach that resulted in the loss of $230 million. The gravity of this event has forced the exchange into a tight corner as it strives to manage user relations and recover lost assets. Following this unfortunate incident, WazirX sought a six-month moratorium to stabilize operations
As the world increasingly embraces digital finance, the cryptocurrency market has exploded, prompting the rapid emergence of various trading platforms. For both newcomers and seasoned traders, selecting the right crypto exchange can make a significant impact on their investment journey. With an array of choices available, the challenge is in distinguishing one platform from another.
In July 2023, WazirX, one of India’s prominent cryptocurrency exchanges, suffered a massive security breach that resulted in the theft of approximately $230 million. This event has not only raised alarms within the cryptocurrency community but has also highlighted vulnerabilities in the security measures of exchanges globally. Based on recent data from Arkham Intelligence, the
The rise of cryptocurrencies has been a global phenomenon, yet the pace and manner of this growth can vary widely from one nation to another. Among all nations, the United Arab Emirates (UAE) stands out as a notable outlier. The nuances of its crypto market, as highlighted in a recent report by Chainalysis, reflect a
In a pivotal moment for the financial sector, BNY Mellon is making notable strides towards establishing a foothold in the burgeoning crypto custody market. With a specific focus on Bitcoin and Ethereum exchange-traded funds (ETFs), the bank has successfully secured an exemption from the Securities and Exchange Commission (SEC) regarding its accounting practices. This exemption,
