Recently, crypto exchange Bybit announced that it would be terminating its services in France due to regulatory issues. The French regulator introduced new developments that Bybit struggled to comply with, particularly in terms of licensing requirements. This move left French users disappointed and unable to access Bybit’s platform. The French Financial Market Authority (AMF) previously
Exchanges
In a surprising turn of events, the Solana network has outpaced Ethereum in monthly decentralized exchange (DEX) volume for the month of July, according to data from DefiLlama. Solana’s DEX transactions reached an impressive $55.8 billion, surpassing Ethereum’s $53.8 billion for the same period. This marks Solana’s second-highest monthly volume, with March 2024 holding the
Recently, there have been allegations made against popular cryptocurrency exchange Coinbase regarding potential breaches of campaign finance laws. The claims, put forth by crypto researcher Molly White, suggest that the exchange’s $25 million donation to Fairshake, a crypto Super PAC, may have violated regulations surrounding political contributions. According to White, the timing of Coinbase’s donation
Coinbase, one of the leading cryptocurrency exchanges, reported impressive total revenue of $1.449 billion for the second quarter. This figure exceeded the market consensus estimate of $1.396 billion, showcasing the exchange’s strong performance in generating income. The total income for the same period last year was $674.1 million, indicating a significant year-over-year growth in revenue.
Recently, decentralized exchanges (DEXs) have achieved their highest trading volume ratio compared to centralized exchanges (CEXs). Uniswap founder Hayden Adams highlighted this milestone, emphasizing that the DEX market share is currently at an all-time high relative to CEXs. This trend is further supported by a chart from The Block showing the steady increase in DEX
Zoomex distinguishes itself from other cryptocurrency exchanges by prioritizing user anonymity. Unlike many platforms that require extensive KYC verification, Zoomex does not mandate this process. This unique stance on privacy allows users to trade with confidence, knowing that their personal data remains private and secure. This approach appeals to traders who value their anonymity, simplifying
WazirX, a prominent cryptocurrency exchange, recently experienced a sophisticated cyber attack on its multi-signature Ethereum wallet. The attack, which took place earlier this month, raised significant concerns within the crypto community. Although the exchange initially attributed the hack to an issue with its custody service provider, Liminal, subsequent investigations revealed a more complex scenario. The
The recent announcement by crypto exchange Bitstamp regarding the return of recovered digital assets to creditors of the defunct Mt. Gox exchange marks a significant milestone in the decade-long effort to compensate those affected by the infamous 2014 hack that ultimately led to Mt. Gox’s collapse. This development signifies progress in the restitution process and
Recently, India-based centralized exchange WazirX faced a significant exploit that resulted in the loss of nearly half of its assets, equating to over $230 million. This exploit was revealed in a social media post by the exchange’s co-founder, Nischal Shetty, on July 23. The exploit took place in one of the exchange’s multisig wallets, resulting
The possibility of a second term for Donald Trump as President of the United States has caused a stir in the crypto industry. With promises of a more crypto-friendly environment, many experts believe that a Trump presidency could significantly impact the market dynamics for both domestic and foreign crypto firms. While U.S. crypto firms are