In an age brimming with digital finance opportunities, the WazirX saga serves as a stark wake-up call. Once hailed as India’s leading cryptocurrency exchange, WazirX has become a symbol of the vulnerabilities underlying the crypto ecosystem. A staggering $234 million hack not only stripped the company of its reputation but also cast doubt on the
Exchanges
In the bewildering world of cryptocurrency, few stories are as compelling as the ongoing legal saga between FTX and Three Arrows Capital (3AC). FTX, once a shining beacon of hope in the chaotic crypto universe, is now embroiled in a dark web of legal disputes, as it faces claims from 3AC amounting to a staggering
Coinbase’s recent announcements at its State of Crypto Summit are nothing short of ambitious, heralding a new era for cryptocurrency trading in the United States. The introduction of a Bitcoin-backed credit card and CFTC-compliant perpetual futures signifies a significant leap toward integrating crypto more deeply into mainstream finance. These developments come at a pivotal time
Bitcoin’s metamorphosis into a heavily centralized asset is both astounding and concerning. A recent analysis from Gemini and Glassnode unveils that over 30% of Bitcoin’s total supply is now locked in the hands of merely 216 major institutional entities. This staggering concentration includes not only crypto exchanges but also ETFs, government organizations, and private firms.
The recent withdrawal of BiT Global’s lawsuit against Coinbase is more than just a legal formality; it is symptomatic of escalating tensions within the cryptocurrency space. The delisting of Wrapped Bitcoin (WBTC) from Coinbase—a decision reportedly driven by concerns over governance and potential risks—has ignited a proverbial powder keg. It’s indicative of a larger battle
In a recent announcement, Brian Armstrong, CEO of Coinbase, boasted about an 82% reduction in unnecessary account restrictions on their platform. While this may seem like a significant achievement, the very necessity of such a proclamation raises eyebrows. The phrase “unnecessary account freezes” should not simply be a point of pride but a reflection of
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has strategically filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). This monumental move comes at a time when public interest in cryptocurrencies is burgeoning and the regulatory framework is evolving. The filing signals a strong intention to become a
The recent data breach involving Coinbase marks not just a failure in cybersecurity protocols but a troubling evolution of how personal data misuse can manifest in today’s increasingly digital yet perilous world. While incidents of data leaks are commonplace, the fallout from Coinbase’s breach is particularly alarming because it transcends the usual virtual scams, thrusting
In a staggering development for the cryptocurrency world, Indian exchange WazirX has faced a critical legal blow as the Singapore High Court rejected its restructuring proposal following a $230 million hack in July 2024. This failure to secure court approval is not just a procedural bump; it represents a significant blow to WazirX’s credibility in
In a financial landscape increasingly dominated by cryptocurrencies, Robinhood’s recent acquisition of Bitstamp for $200 million marks a significant transition for the fintech giant. For a long time viewed primarily as a U.S.-centric platform, Robinhood is now poised to expand its influence globally, thanks to this strategic partnership with one of the oldest cryptocurrency exchanges.
