Citadel Securities, a prominent name in the trading sphere, is reportedly gearing up to penetrate the crypto market-making segment, according to a Bloomberg News report dated February 24. This initiative involves enhancing liquidity on significant cryptocurrency exchanges such as Coinbase, Binance, and Crypto.com. Industry insiders suggest that the company’s initial endeavors will target non-US markets,
Exchanges
The world of cryptocurrency can often seem like the Wild West of finance, with its vast opportunities shadowed by the ever-looming threat of scandals and misconduct. A recent incident involving OX.FUN, a crypto derivatives exchange, highlights the precarious nature of this industry. Linked to the infamous Three Arrows Capital co-founders, Su Zhu and Kyle Davies,
The recent cyber attack on ByBit, a prominent cryptocurrency exchange, has shaken the crypto community to its core. Approximately $1.5 billion, primarily in Ethereum (ETH), has fallen victim to this breach, marking it as one of the most significant hacks in cryptocurrency history. On February 21, ByBit took to social media to announce the discovery
The high-profile bankruptcy of FTX has left a multitude of creditors in limbo, particularly those situated in countries such as Russia, China, Egypt, Nigeria, and Ukraine. Sunil Kavuri, a spokesperson for the FTX Creditors’ group, recently highlighted the complexities surrounding the compensation process for these international creditors. The fact that substantial portions of FTX’s global
Kraken, the prominent cryptocurrency exchange, has recently reported an astronomical spike in data requests from law enforcement and regulatory bodies in 2024, as outlined in its latest transparency report. The figure of 6,826 requests marks a 38.6% increase from the previous year, raising crucial questions about the regulatory environment surrounding digital currencies. A substantial portion
In the wild and rapidly evolving world of cryptocurrency, where fortunes can shift within moments and market sentiments can be swayed by viral trends, the rise of memecoins has introduced both excitement and peril. Recently, Bitcoin’s flagship exchange, Coinbase, took a stance against unethical trading practices linked to these tokens, underscoring a significant issue—insider trading—that
In a groundbreaking move that could redefine the legal parameters for cryptocurrency exchanges operating internationally, Nigeria’s Federal Inland Revenue Service (FIRS) has lodged a monumental lawsuit against Binance Holdings Limited. The FIRS is demanding an astonishing sum exceeding $81 billion, encapsulating not only unpaid taxes but also extensive penalties. Local news sources like Nairametrics have
In recent months, with the rising popularity of digital currencies, cybercriminals have developed increasingly sophisticated methods to exploit unsuspecting investors. One such alarming tactic has come to light, known as the “share-seed-phrase” scam. Richard Teng, CEO of Binance, recently shared a stark warning to the crypto community regarding this insidious scheme. Scammers are not only
In the ever-evolving landscape of cryptocurrency, XRP has recently emerged as a standout performer among its peers on US exchanges, outpacing traditional heavyweights. According to a recent report by Kaiko, trading volumes for XRP have seen an unprecedented rise since November, establishing it as an essential player in the digital asset market. This elevation in
In the ever-evolving world of cryptocurrency, few names are as prominent as Binance and its founder, Changpeng ‘CZ’ Zhao. Recently, speculation surrounding the exchange’s ownership structure has sparked significant interest across the crypto community. CZ directly confronted these rumors, asserting that Binance is not in the process of being sold, but hinted that there might
