In a shocking turn of events in the cryptocurrency realm, Bitget, a prominent crypto exchange, has announced plans to pursue legal action against eight users implicated in a significant trading glitch involving the VOXEL token, resulting in unjust gains exceeding $20 million. This scandal unveils the darker underbelly of crypto trading, raising unsettling questions about
Exchanges
The cryptocurrency landscape is witnessing a seismic shift as Bitcoin supply on centralized exchanges plunges to unprecedented lows. Recent data reveals that as of late April 2025, only about 2.5 million Bitcoin are accessible on exchanges—an eye-opening 500,000 coins less than just a few months ago. This significant decline indicates a pronounced movement towards self-custody,
The ongoing legal battles raging against Coinbase’s staking program by five U.S. states highlight a troubling trend where regulatory bodies prioritize control over consumer empowerment. Since the beginning of 2023, over $90 million in staking rewards have evaporated for users in California, New Jersey, Maryland, Wisconsin, and Washington—states embroiled in lawsuits against the cryptocurrency giant.
Riot Platforms has recently made a striking move by securing a $100 million credit line with Coinbase, which could significantly reshape the landscape of Bitcoin mining. In a world replete with volatile market conditions, the strategies employed by Bitcoin miners are increasingly critical to understanding the cryptocurrency ecosystem. Riot’s innovative approach to leverage its substantial
In a surprising turn of events, the Alabama Securities Commission has chosen to withdraw its legal action against Coinbase concerning the exchange’s staking program. This reduction from ten to five ongoing state-level lawsuits marks a significant shift in the legal landscape surrounding cryptocurrency. State regulators initially pursued legal action under the premise that Coinbase’s model
In an era where financial independence and asset control are paramount, Coinbase’s recent announcement on expanding its self-service asset recovery tool to include the Solana network represents a monumental shift in how users can manage their cryptocurrency assets. This innovative feature allows users to reclaim unsupported SPL tokens mistakenly sent to their Coinbase wallets without
The crypto world has always been a double-edged sword, alluring yet perilous. Recent revelations surrounding the Bybit hack illustrate just how precarious this digital landscape has become. With CEO Ben Zhou announcing that approximately $400 million—around 27.6% of the stolen $1.4 billion—is now deemed irretrievable, it’s clear that we’re not just dealing with an isolated
Vietnam, once sidelined in the global discourse about cryptocurrencies, is making bold strides toward regulation and innovation in this burgeoning sector. The recent announcement from the Ministry of Finance to establish a pilot crypto trading platform, with technical support from Bybit, signifies not just ambition but an urgent awakening to the potential of digital assets.
In the ever-evolving landscape of cryptocurrency, transparency is critical for sustaining market integrity. Recent allegations involving the OM token have thrown a glaring spotlight on the darker side of digital asset trading. As discussed in the latest episode of “The Chopping Block” podcast, the behavior of the team behind Mantra raises serious questions about the
Bybit’s recent announcement to phase out a significant portion of its Web3 products by May 31, 2025, is more than just a strategic pivot; it’s an alarming signal about the current state and future trajectory of the crypto industry. This dramatic shift raises questions about user trust and the sustainability of platforms offering digital assets.