The world of cryptocurrency has witnessed numerous high-profile dramas, none more alarming than the implosion of FTX. As the dust settles, the legal ramifications continue to unfold for those entwined in this financial debacle. One of the key figures in this saga, former FTX executive Nishad Singh, is now seeking leniency from a U.S. federal
Exchanges
In an increasingly competitive landscape for digital assets, Kraken has stepped up with an innovative offering: the wrapped Bitcoin token known as kBTC. Announced on October 17, this new ERC-20 token aims to bridge the gap between Bitcoin’s established reputation and the burgeoning decentralized finance (DeFi) sector. Positioned as a fully-backed digital asset, each kBTC
In a landmark development for cryptocurrency users, Kraken, a leading crypto exchange, has unveiled its integration with EigenLayer, a protocol designed to optimize the Ethereum staking experience. This partnership, which was officially announced on October 15, aims to democratize the practice of restaking Ethereum (ETH), making it more user-friendly and accessible. The heart of this
The recent denial of bail to Tigran Gambaryan, a high-ranking executive of cryptocurrency exchange Binance, highlights significant issues in Nigeria’s judicial system, particularly regarding how financial crimes are addressed. Gambaryan has been in custody since February due to serious allegations, including a staggering $35 million money laundering scheme. The situation became more complicated when the
In a striking move signaling its ambitions within the cryptocurrency landscape, Arkham Intelligence is set to launch a proprietary crypto derivatives exchange next month, as reported by Bloomberg News on October 11. This announcement has generated considerable excitement, contributing to a significant uptick in the platform’s native token, ARKM, which surged 12% in response to
The South Korean Financial Services Commission (FSC) has initiated an investigation into Upbit, the country’s largest cryptocurrency exchange, reflecting growing concerns regarding its overwhelming market presence and implications for financial stability. This scrutiny, reported on October 10, was prompted by assertions from lawmaker Lee Kang-il, who expressed worries over the intricate relationship between Upbit and
In the complex landscape of cryptocurrency, one of the most significant events that shook the market was the 2016 hack of Bitfinex, which led to the theft of approximately 120,000 BTC. Recent developments from a US government filing indicate that Bitfinex may be recognized as the sole entity entitled to restitution regarding this massive cybercrime.
In 2023, centralized exchanges made headlines by delisting nearly 60 privacy tokens, a major spike compared to previous years. This trend, highlighted in a recent report from Kaiko, marks a significant shift in the landscape for cryptocurrencies like Monero (XMR), Dash (DASH), Decred (DCR), Mask (MASK), Rose (ROSE), and Zcash (ZEC). These developments underscore the
On October 7, Bitget exchange faced a significant crisis as its native BGB token suffered a dramatic plunge in value, dropping from $1.15 to $0.5344 within a mere span of ten minutes. This startling shift raised alarms among traders and investors relying on the asset’s stability. The plunge, noted to be approximately 56% in just
In a significant development within the cryptocurrency landscape, Gemini announced its decision to halt operations in Canada by December 31, 2024. This decision was communicated to customers via an email on September 30, indicating that all accounts would be closed, and users are advised to withdraw their assets within the next 90 days. Such a
