In a noteworthy development for the cryptocurrency landscape, Mt. Gox, once a dominant player in the realm of crypto exchanges, has transferred over $2 billion in Bitcoin across newly established wallets. According to Arkham Intelligence, this substantial transaction occurred on November 4, marking a critical moment for the exchange that has been managing the fallout
Exchanges
In a significant development within the cryptocurrency sphere, OSL Group Limited’s Japanese subsidiary, OSL Investment (Japan) Limited, has taken a bold step by signing a share purchase agreement to acquire an 81.38% stake in CoinBest K.K. This move signals OSL’s commitment to penetrating the Japanese crypto market, which is notably burgeoning, boasting over 5 million
The cryptocurrency landscape has always been rife with contention, particularly when discussing the policies and practices of major exchanges. Recently, a heated disagreement emerged between Justin Sun, the founder of the Tron Network, and Andre Cronje, co-founder of Sonic Labs, against Coinbase’s CEO Brian Armstrong regarding the alleged “free” asset listings that Coinbase reportedly provides.
In a shocking revelation on November 1, M2, a notable cryptocurrency exchange based in the United Arab Emirates, disclosed a significant security breach that resulted in the loss of approximately $13.7 million in digital assets. This incident, which occurred on Halloween at around 3:16 A.M., raised alarms across the crypto community, emphasizing the vulnerability that
In a significant move within the blockchain landscape, the Optimism Foundation has reached an agreement with Kraken, laying the groundwork for Kraken’s new layer-2 (L2) blockchain, known as Ink, to be integrated into the Superchain ecosystem. This partnership is underscored by a sizeable investment, with $25 million worth of OP tokens involved, equivalent to approximately
In a bold move to enhance its user engagement and operational efficiency, Binance has announced an integration plan with Amazon Web Services (AWS) as of October 31. This collaboration aims to leverage AWS’s robust cloud computing and generative AI technologies to refine the trading platform’s systems. By focusing on improving user onboarding processes and customer
A thorough examination by Animoca Research has unveiled significant insights into the performance of crypto tokens that were listed on various major exchanges between January and September of this year. The report highlights a concerning trend within the crypto market, showing a predominant negative performance, with median returns plummeting between 40% and 70%. Covering listings
The FTX exchange, once a titan in the cryptocurrency marketplace, has been embroiled in one of the most notorious financial scandals in recent U.S. history. With its shocking collapse, numerous key figures within the organization have found themselves in legal turmoil. Central to this saga is Nishad Singh, former engineering director at FTX, whose recent
The downfall of FTX, once a prominent cryptocurrency exchange, has sent shockwaves through the financial landscape and, more specifically, the crypto realm. The company, which filed for Chapter 11 bankruptcy in November 2022, became one of the highest-profile casualties of the crypto market’s volatility and mismanagement. With the stakes so high, the intricacies of asset
On October 30, 2023, Kraken, one of the leading cryptocurrency exchanges, announced a significant restructuring initiative that has resulted in substantial layoffs, affecting approximately 15% of its workforce. This decision, framed as part of “organizational changes” to streamline operations and sharpen the company’s strategic focus, underscores the challenges that the crypto industry continues to face.
