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
Exchanges
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
In a significant development for the cryptocurrency landscape, Kraken has announced its acquisition of Coin Meester (BCM), a prominent player among the Netherlands’ oldest registered crypto brokers. This strategic acquisition, disclosed in a statement on September 24, marks a critical step for Kraken as it seeks to strengthen its foothold in the Dutch market. By
In a pioneering move designed to accommodate its Muslim clientele, Bybit, a prominent cryptocurrency exchange, has launched an Islamic crypto account. Announced on September 24, this innovative account aims to provide a Shariah-compliant trading platform for Muslim users, offering services that align with Islamic financial principles. Bybit’s CEO, Ben Zhou, heralded this development on social
