The recent uproar within the Solana blockchain community regarding transaction delays has uncovered deeper issues relating to communication and accountability in the cryptocurrency ecosystem. Users on various platforms, particularly X (formerly Twitter), have reported outrageous delays in transaction processing times, with instances spanning up to 45 minutes—far exceeding performance metrics of competing networks like Base
Exchanges
The cryptocurrency industry has long been scrutinized for its regulatory practices and operational transparency. Recent allegations involving Binance, one of the leading cryptocurrency exchanges, have cast a further shadow over its practices. Amrita Srivastava, a former senior executive at Binance, has come forward claiming that she faced retaliatory dismissal after shining a light on an
Celo, a notable player in the blockchain sphere, recently announced a pivot to an Ethereum Layer-2 network as part of Optimism’s Superchain ecosystem. However, this transition has sparked contentious debates within the cryptocurrency community, especially after Coinbase, the largest cryptocurrency exchange in the United States, revealed it would not support this migration. The news left
FTX and its affiliated debtors have outlined a decisive roadmap toward financial recovery as they seek to implement their Chapter 11 Plan of Reorganization by January 2025. This plan marks a pivotal moment not only for the company but also for its creditors and customers who are left grappling with the aftermath of one of
In November 2023, South Korean authorities made significant strides in addressing one of the most notorious cyber thefts in the cryptocurrency realm—the Upbit exchange hack of 2019. This cybercrime, executed by North Korean hacker groups, notably Lazarus and Andariel, resulted in the theft of a staggering 342,000 Ethereum (ETH) worth approximately $41.4 million at the
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
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
