The recent surge in inflammatory memecoins on Solana has sparked outrage within the crypto community. Unknown parties took advantage of Solana’s token creation feature to introduce thousands of memecoins that contained racist, antisemitic, and anti-China terminology. This trend has raised concerns about the misuse of the platform and its potential impact on the crypto ecosystem.
Exchanges
BlackRock, a prominent asset management firm, recently announced that it has selected Coinbase as the key infrastructure provider for its tokenized investment fund, BlackRock USD Institutional Digital Liquidity Fund (BUIDL). This fund aims to offer a stable value of $1 per token and provides daily accrued dividends directly to investors’ wallets. The partnership between BlackRock
Recent reports have emerged regarding an unusual activity on BitMEX involving a user selling large orders on the Bitcoin spot market. This rogue seller unloaded more than 400 BTC on the exchange, causing the digital asset to crash by 87% to as low as $8900 before eventually correcting to its actual price. BitMEX has stated
Cryptocurrency exchange OKX has announced its decision to delist Tether (USDT) pairs in the European Union, citing regulatory requirements as the primary reason for the move. The exchange will now only support USDC and Euro-based stablecoin pairs for spot trading in the region. The delisting of USDT pairs has sparked concerns among users, with OKX
In a surprising move, Binance decided to spin off its $10 billion venture capital arm, Binance Labs, into an independent entity. This decision, spearheaded by the exchange’s new CEO, Richard Teng, marks a significant shift in direction for the organization. With Teng at the helm, Binance Labs is now operating autonomously, no longer under the
Federal prosecutors have made a significant request for a prison sentence of 40 to 50 years for FTX founder Sam Bankman-Fried (SBF) following his conviction for conducting a financial fraud involving misappropriation of over $8 billion of customer funds. The prosecutors have detailed SBF’s fraudulent activities and the impact of his actions, portraying him as
Recently, the Securities and Futures Commission (SFC) in Hong Kong issued a public warning regarding MEXC, a virtual asset trading platform that is operating without the necessary licenses within the city’s jurisdiction. The SFC explicitly stated that MEXC has been targeting Hong Kong investors without proper authorization from the regulatory body. According to the SFC,
The recent issues between Binance and Nigerian authorities have brought to light the challenges faced by the cryptocurrency exchange in the African country. Despite the extensive cooperation with local law enforcement agencies to promote responsible growth in the crypto sector, Binance has found itself in an acrimonious dispute with the Nigerian government. Accusations of manipulating
Crypto.com, a prominent cryptocurrency platform, recently faced a hefty fine of €2.85 million from the Netherlands Central Bank for failing to register for the required license to operate within the country. This violation spanned over two years, leading to significant penalties imposed by the regulatory authorities. The Dutch regulations mandate crypto firms to enroll with
Recently, Coinbase made an announcement regarding its plans to launch a $1 billion bond offering aimed at raising funds for its growth and expansion. This move comes amidst a period of positive momentum in the crypto market, where investors have witnessed significant increases in the value of digital assets such as Bitcoin. With the intention
