On October 17, Kraken unveiled its innovative product, kBTC, designed to capitalize on the burgeoning wrapped Bitcoin market. This new offering is not merely a token but a fully-backed ERC-20 representation of Bitcoin, enabling users to leverage Bitcoin’s unique value across multiple blockchain networks. Each kBTC is secured and verified with a 1:1 backing against
Exchanges
On October 15, Kraken, one of the leading cryptocurrency exchanges, declared its integration with EigenLayer, a protocol built on the Ethereum blockchain. This strategic partnership is set to allow Kraken users to restake Ethereum (ETH) directly within the platform, marking a significant step toward enhancing user accessibility in the crypto space. In the fast-evolving world
The recent ruling by a Nigerian High Court has emerged as a significant point of contention for Binance, one of the world’s largest cryptocurrency exchanges. The court’s decision to deny bail to Tigran Gambaryan, a prominent Binance executive, has stirred a wave of criticism and concern surrounding the legal proceedings. Gambaryan has been in custody
Arkham Intelligence, a crypto-focused firm, is set to launch its own crypto derivatives exchange next month. Recent reports have ignited excitement, indicating a significant potential shift in the market dynamics for retail investors. Citing sources privy to the development, Bloomberg News highlighted that this venture has already energized the company’s native token, ARKM, resulting in
In a significant move, South Korea’s Financial Services Commission (FSC) has initiated an investigation into Upbit, the leading cryptocurrency exchange in the country. This scrutiny arises from growing concerns regarding Upbit’s significant market position and its potential influence on the broader financial ecosystem. With Upbit playing a pivotal role in the trading landscape, the FSC’s
In 2016, the cryptocurrency exchange Bitfinex faced one of the most devastating security breaches in its history, leading to the theft of approximately 120,000 BTC, valued at about $72 million at the time. This incident marked a significant challenge for the exchange, not only disrupting its operations but also raising broader concerns regarding the security
On October 7th, the BGB token, the native cryptocurrency of the Bitget exchange, experienced a dramatic price drop from $1.15 to $0.5344 within a swift ten-minute window. This sudden decline, marked by a staggering 56% loss in just five minutes around 02:58 UTC, sparked alarm among traders and investors alike. In a proactive response, Bitget
The world of cryptocurrency has always danced between innovation and regulation, but this year has witnessed a significant shift regarding privacy tokens. In 2023, centralized exchanges removed nearly 60 privacy tokens from their platforms—the highest number since 2021, as detailed in a recent report by Kaiko. This event marks a critical inflection point for cryptocurrencies
In an increasingly digital world, inclusivity extends beyond the traditional financial systems into the realms of cryptocurrency. Bybit, a prominent cryptocurrency exchange, is taking significant strides to cater to its diverse user base by launching a specialized Islamic crypto account. According to an announcement made on September 24 by CEO Ben Zhou via social media,
Since its inception in 2017, Binance has made waves in the cryptocurrency landscape, recently announcing a groundbreaking achievement of surpassing $100 trillion in trade volume. This figure, shared by CEO Richard Teng on September 24, highlights Binance’s colossal presence in the crypto market. With such volume exceeding the total market capitalization of the U.S. stock
