The recent announcement from Backpack regarding the opening of the withdrawal window for former FTX EU customers is certainly a beacon of hope amidst a tempest of financial uncertainty. This step, initiated on May 12, 2025, signifies a commitment to restoring not only financial assets but also trust within a community that has suffered tremendously
Exchanges
Recent revelations regarding former President Donald Trump’s connections to the cryptocurrency exchange Binance have ignited an increasingly heated debate amongst lawmakers. A group of Democratic senators, including the fierce Elizabeth Warren and the outspoken Chris Van Hollen, has formally requested investigations from the US Treasury and Justice Department. This request stems not only from a
In a move that has the crypto world abuzz, Coinbase has announced its acquisition of Deribit, a leading crypto derivatives platform, for an astonishing $2.9 billion. This marks Coinbase’s largest acquisition to date, showcasing its intent to dominate an increasingly competitive landscape. While the decision to pursue such an aggressive strategy may appear savvy from
In the world of cryptocurrency, few issues are as pressing and dire as the ongoing threat of social engineering scams. Recently, blockchain investigator ZachXBT revealed a staggering loss of $45 million suffered by users of Coinbase over the past week due to these coordinated scams. The grim reality of this situation not only reflects poorly
The introduction of Coinbase’s x402 protocol marks a significant pivot in the domain of digital transactions, redefining how online payments can operate in an increasingly decentralized environment. Utilizing the previously underwhelming HTTP 402 “Payment Required” status code, this innovative protocol is set to revolutionize not just payment methods but the entire technological ecosystem in which
Since the introduction of the Markets in Crypto-Assets (MiCA) framework, the European Union has made a significant leap forward in regulating the cryptocurrency market. This isn’t just another regulatory update—it’s a transformative step that institutionalizes safety, compliance, and ultimately, mainstream adoption. For too long, the crypto landscape was marred by the volatility and reckless behavior
Recent shifts in the world of cryptocurrency have made it painfully clear: even the most promising projects can crash catastrophically. The case of MOVE, the native token of the Ethereum-based Movement Network, epitomizes this volatility. Following a bombshell announcement from Coinbase on May 1, informing users of the token’s imminent delisting, MOVE spiraled into a
Robinhood’s recent quarterly results have sparked debate within the financial community, presenting a mixed bag of optimism and caution. The platform reported a staggering 77% increase in transaction-based revenue, propelled by a remarkable doubling of its crypto revenue to $252 million. This resurgence highlights the intriguing dynamics of retail traders, who are re-emerging as significant
Coinbase, a prominent exchange in the burgeoning cryptocurrency landscape, has stepped into the ring with a potent challenge to the IRS’s sweeping demands for user data. Their amicus brief to the U.S. Supreme Court raises pivotal questions regarding the Fourth Amendment, pushing back fiercely against what they term an intrusive overreach by the tax collection
The recent transfer of nearly $20 million worth of TRUMP tokens has sent ripples through the crypto world, raising eyebrows and pertinent questions regarding the motives behind such substantial movements. On April 29, a wallet tied to the memecoin project, reportedly associated with Donald Trump, executed a significant transfer involving approximately 1.346 million TRUMP tokens.
