The FTX saga continues to unfold with the latest developments surrounding its repayment process led by BitGo. The second phase of this financial resurrection is an essential yet far from straightforward milestone. On a superficial level, the news is promising; creditors are beginning to see transactions credited to their accounts. However, the grim reality is
Exchanges
The anticipation surrounding the Pi Network has transformed into a turbulent journey, as its native token, PI, made a controversial entrance into the world of perpetual futures contracts on Kraken. While this move was heralded as a step into mainstream derivatives trading, it might signal more trouble than triumph amid underlying deficiencies in the project’s
In a landscape dominated by established players, Binance’s decision to list the USD1 stablecoin, affiliated with Donald Trump’s World Liberty Financial (WLFI), reflects an audacious strategy to capitalize on public interest. By introducing the USD1/USDT trading pair, Binance not only enhances its portfolio but also ventures into a relatively uncharted territory, combining finance with political
In recent times, the trust vested by millions of cryptocurrency enthusiasts in Coinbase has been severely shaken due to a staggering security breach affecting nearly 70,000 users. For those who champion the notion of decentralization, privacy, and unrestricted access to financial systems, this incident reveals a critical failure in an institution that was supposed to
In the intricate world of cryptocurrency, few legal battles are as consequential as the ongoing lawsuit between FTX and Binance, which now exceeds a staggering $1.76 billion. Binance’s recent motion to dismiss this lawsuit sheds light on a masterclass in legal strategy. One of the cornerstone arguments presented by Binance rests on jurisdictional authority, which
Circle’s aspiration to go public marks an ambitious pivot in a rapidly evolving cryptocurrency landscape. Initially, the financial community viewed the prospect of an initial public offering (IPO) with enthusiasm, bolstered by a projected valuation of $5 billion. However, this optimism must be tempered with skepticism as rumors of acquisition talks with crypto giants Coinbase
As cryptocurrencies continue to gain ground in the global financial landscape, the shadowy underbelly of this digital revolution has become increasingly apparent. The notion that accumulating wealth in the form of cryptocurrencies like Bitcoin could remain unscathed from traditional threats such as theft and bullying is proving naïve. With the surge in valuations, the stakes
The digital age has ushered in unprecedented advances in technology, but it’s also given rise to a series of sophisticated scams that target unsuspecting individuals. A recent incident involving Coinbase, a leading cryptocurrency exchange, serves as a stark reminder of the vulnerabilities that exist within our monetary systems. Alliance DAO contributor Qiao Wang brought attention
In a refreshing departure from conventional recruitment practices, Coinbase CEO Brian Armstrong has issued an audacious invitation to employees of the U.S. Department of Government Efficiency (DOGE) to join his blockchain startup. This announcement, made through social media, seems to reflect not only a strategic talent acquisition move but also a profound acknowledgment of the
Crypto markets are experiencing a liquidity crisis that traditional finance comfortably sidesteps. A recent report from S&P Global revealed that liquidity metrics for currency trading are alarmingly low. Volume, bid-ask spreads, market depth, and slippage present a fragmented picture filled with pitfalls that investors must navigate. For those who hold traditional views aligned with center-right
