In a move that has stirred considerable discussion in the cryptocurrency community, Kraken, one of the leading cryptocurrency exchanges, has announced its decision to cease support for Monero (XMR) in the European Economic Area (EEA). This decision, set to take effect on October 31, 2024, comes in response to evolving regulatory requirements in Europe. According
Exchanges
The cryptocurrency sphere is in a state of constant evolution, and Ethena Labs has recently set its sights on reinvigorating its popular synthetic dollar, USDe. On September 30, member Fells0x put forth an intriguing proposal for a decentralized exchange (DEX) named “Ethereal.” Under this proposal, the Ethena community seeks to introduce Ethereal V1, aiming to
Bithumb, one of South Korea’s foremost cryptocurrency exchanges, is positioning itself for a strategic leap into the global market with the announcement of its intention to pursue a public listing in the United States. This declaration was made during a shareholder meeting held on September 30, as reported by local media outlet Dnews. The exchange
The cryptocurrency world faced a staggering upheaval with the implosion of FTX, one of the largest exchanges in this relatively new financial landscape. Central to this debacle was Caroline Ellison, former CEO of Alameda Research and a pivotal figure in the scandal. Recently sentenced to two years in prison, Ellison is now emblematic of the
In the wake of a staggering $230 million hack, WazirX, one of India’s leading cryptocurrency exchanges, has been thrust into a chaotic battle for both asset recovery and user trust. The breach, which has sparked enormous concern among users and stakeholders alike, has necessitated urgent and strategic measures to stabilize the beleaguered exchange. The situation
In the rapidly evolving world of cryptocurrency trading, the options available for buyers and sellers can be overwhelming. With the cryptocurrency market’s explosive growth, numerous exchange platforms have emerged, each touting its features, security measures, and rates. As an investor, your choice of platform can significantly influence your trading experience, making it vital to select
Emerging as a formidable player in the realm of cryptocurrency, the United Arab Emirates (UAE) has witnessed an astoundingly robust growth trajectory across various transaction sizes. Unlike many other nations where crypto activity is typically concentrated within specific brackets, the UAE has achieved a remarkable balance. This trend highlights a broad adoption landscape that sets
In July, the Indian cryptocurrency exchange WazirX experienced a staggering security breach, resulting in the theft of $230 million worth of cryptocurrencies. Recent analyses from Arkham Intelligence reveal that the hacker is nearing the completion of laundering these ill-gotten funds. As of now, only $6 million in Ethereum remains unwashed, marking a troubling turn in
In a landmark achievement, Binance has announced that it has processed over $100 trillion in cryptocurrency trades since its inception in 2017. This high-profile milestone was disclosed by the company’s CEO, Richard Teng, in a September 24 post on the social media platform X (formerly known as Twitter). Such a staggering figure highlights Binance’s unparalleled
The custodial field for digital assets, particularly cryptocurrencies like Bitcoin and Ethereum, has seen rapid growth in recent years. This sector has typically been dominated by specialized firms such as Coinbase, which have established themselves as leaders in managing and safeguarding crypto assets. As institutional interest in cryptocurrencies continues to burgeon, traditional financial institutions are
