In a striking turn of events, Binance, one of the leading cryptocurrency exchanges globally, reported an unprecedented influx of investments following the recent US elections held on November 5. According to a report released on November 12, the exchange witnessed inflows exceeding $7 billion, a staggering figure that highlights an increasing trust in the platform
Exchanges
The cryptocurrency market is known for its volatility and unpredictability, but when major exchanges like Binance make headlines for their listing practices, it raises alarms among investors and community members alike. Recently, Binance’s decision to list Solana-based memecoins, specifically The AI Prophecy (ACT) and Peanut the Squirrel (PNUT), has ignited discussions about potential unethical practices
Brian Armstrong, the CEO of Coinbase, has publicly endorsed Hester Peirce for the role of chair of the Securities and Exchange Commission (SEC) during a potential second term for President Donald Trump. Armstrong characterized Peirce as a “smart, fair, professional” individual who possesses the skills to unify a notoriously divided political landscape. This endorsement signals
In the ever-evolving landscape of cryptocurrency, security breaches have become alarmingly common, leading many platforms to reconsider their operational frameworks. WazirX, one of India’s major cryptocurrency exchanges, recently unveiled ambitious plans to launch a decentralized exchange (DEX), a pivotal step that reflects both the growing distrust in centralized systems and the urgent need for enhanced
FTX, once a leading cryptocurrency exchange, has become emblematic of the volatility and risks associated with the crypto market. Following its dramatic collapse, the exchange is now embroiled in legal battles to recover what it claims are misappropriated assets. Among the primary targets in these efforts is Ryan Salame, former co-CEO of FTX’s Bahamian subsidiary.
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
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
