In a significant shift in the cryptocurrency market, Coinbase recently announced that it will disable Wrapped Bitcoin (WBTC) trading pairs on its exchange and Prime platforms as of December 19. This decision, explained in a November 19 statement, stems from WBTC’s failure to align with Coinbase’s stringent listing standards. Despite this development, users retain the
Exchanges
On November 18, Binance introduced BFUSD, a new yield-bearing stablecoin specifically designed for futures and perpetuals traders. This strategic initiative aims to enhance the trading experience by allowing users to earn substantial returns simply by holding the BFUSD in their futures accounts. With an impressive annual percentage yield (APY) hovering around 19.55%, traders can enjoy
The recent emergence of President-elect Donald Trump’s media group, Trump Media and Technology Group (TMTG), heralds a potentially transformative move within the cryptocurrency sector. As reported on November 18, discussions are underway for TMTG to acquire Bakkt, a digital asset trading platform owned by the Intercontinental Exchange (ICE). This prospective acquisition signifies TMTG’s ambition to
In a recent and alarming development, the South Korean government has uncovered numerous Know-Your-Customer (KYC) violations at Upbit, the nation’s leading cryptocurrency exchange. The Financial Intelligence Unit (FIU) of the Financial Services Commission (FSC) detected these issues during a routine review associated with Upbit’s business license renewal. Media reports released on November 14 reveal that
In a significant setback for one of India’s leading cryptocurrency exchanges, WazirX, a staggering $235 million was pilfered in a complex fraud case that has garnered attention across the financial and tech sectors. As the fallout continues to influence various stakeholders, the investigation led by the Delhi Police has opened a window into not only
In a striking turn of events, Binance, one of the leading cryptocurrency exchanges globally, reported an unprecedented influx of investments following the recent US elections held on November 5. According to a report released on November 12, the exchange witnessed inflows exceeding $7 billion, a staggering figure that highlights an increasing trust in the platform
The cryptocurrency market is known for its volatility and unpredictability, but when major exchanges like Binance make headlines for their listing practices, it raises alarms among investors and community members alike. Recently, Binance’s decision to list Solana-based memecoins, specifically The AI Prophecy (ACT) and Peanut the Squirrel (PNUT), has ignited discussions about potential unethical practices
Brian Armstrong, the CEO of Coinbase, has publicly endorsed Hester Peirce for the role of chair of the Securities and Exchange Commission (SEC) during a potential second term for President Donald Trump. Armstrong characterized Peirce as a “smart, fair, professional” individual who possesses the skills to unify a notoriously divided political landscape. This endorsement signals
In the ever-evolving landscape of cryptocurrency, security breaches have become alarmingly common, leading many platforms to reconsider their operational frameworks. WazirX, one of India’s major cryptocurrency exchanges, recently unveiled ambitious plans to launch a decentralized exchange (DEX), a pivotal step that reflects both the growing distrust in centralized systems and the urgent need for enhanced
FTX, once a leading cryptocurrency exchange, has become emblematic of the volatility and risks associated with the crypto market. Following its dramatic collapse, the exchange is now embroiled in legal battles to recover what it claims are misappropriated assets. Among the primary targets in these efforts is Ryan Salame, former co-CEO of FTX’s Bahamian subsidiary.
