For former customers of FTX EU, the recent opening of the withdrawal window by Backpack may seem like a battlefield born of hope after a long, tumultuous journey. On May 12, 2025, the platform announced that users could reclaim their lost funds through a process that follows the acquisition of FTX’s European branch earlier that
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In recent political discourses, the intricate web of connections between former President Donald Trump and the controversial cryptocurrency exchange Binance has raised alarms among some Democratic senators. These lawmakers recently implored the U.S. Treasury and Justice Department to delve deeper into Trump’s associations with Binance, as reported by Bloomberg News. This scrutiny is not a
The cryptocurrency landscape is constantly evolving, and Coinbase’s recent decision to acquire Deribit for an astonishing $2.9 billion signifies a monumental shift that could reshape the industry. This acquisition stands as Coinbase’s most ambitious endeavor to date, underscoring its commitment to dominating the crypto derivatives market. Deribit, known for its substantial trading volume and user-friendly
In the world of cryptocurrency, the potential for wealth creation coexists with a mature set of risks not often appreciated by the average user. Recent events, including staggering losses exceeding $45 million incurred by Coinbase users within a week due to social engineering scams, underscore a dire need for vigilance. A simple transaction can become
In an age where digital transactions are rapidly evolving, Coinbase has made a seismic shift by launching the x402 protocol, which taps into the powerful potential of HTTP’s often-overlooked 402 status code. This groundbreaking development is not merely a tweak to existing frameworks; it represents a radical transformation in the way financial exchanges will take
In the ever-evolving world of cryptocurrency, the introduction of the Markets in Crypto-Assets (MiCA) regulations stands as a pivotal moment—one that has fundamentally altered the European crypto landscape for the better. Initially perceived as a hurdle, these regulations have emerged as a cornerstone for creating a legal and stable framework that promotes user safety and
The recent stunning decline of the MOVE token has sent shockwaves through the cryptocurrency community, marking a catastrophic plunge to its lowest point in history. The catalyst for this seismic shift was Coinbase’s declaration on May 1 that it would cease trading the token after May 15, ostensibly due to MOVE’s failings to meet the
In an unexpected twist, Robinhood has recalibrated the narrative surrounding retail cryptocurrency trading. Their recent first-quarter results showcased crypto revenue skyrocketing to an impressive $252 million, doubling from last year. This impressive surge was more than just a bright spot; it signified a 77% leap in transaction-based revenue for the platform. In an environment riddled
The recent filing of an amicus brief by Coinbase with the US Supreme Court has opened a Pandora’s box regarding user privacy in the age of digital finance. The company asserts that the Internal Revenue Service’s (IRS) extensive collection of cryptocurrency user data infringes upon Fourth Amendment protections. Coinbase’s legal defiance against the IRS’s John
In a scandalous twist that has sent ripples through the cryptocurrency community, nearly $20 million worth of TRUMP tokens associated with the Donald Trump memecoin project has been transferred to major exchanges. This movement, although cloaked in the ambiguity typical of cryptocurrency transactions, signals potential ulterior motives lurking beneath the surface. While investors are led
