In a twist that has left the cryptocurrency community buzzing, Bitget, a growing player in the crypto exchange arena, has drawn a line in the sand by planning legal action against eight users. Accused of netting an astonishing $20 million from a glaring trading glitch involving the VOXEL token, these traders are at the center
Exchanges
The cryptocurrency landscape is undergoing a seismic transformation as Bitcoin’s supply on centralized exchanges hits the lowest level since 2019. As of late April 2025, a mere 2.5 million BTC remain on platforms where they could be traded, reflecting an astonishing decline of 500,000 coins since late 2024. This significant drop not only marks a
Riot Platforms, a titan in the Bitcoin mining realm, has boldly entered a $100 million credit agreement with Coinbase, leveraging its substantial Bitcoin treasury as collateral. The company plans to utilize this facility through staggered withdrawals over a two-month period. This ambitious move raises questions about the sustainability of the mining industry amid immense external
The Alabama Securities Commission’s recent withdrawal of its legal action against Coinbase over its staking program is a pivotal moment in the ongoing saga of cryptocurrency regulation. This decision reduces the number of ongoing state-level lawsuits against Coinbase from ten to five, marking a crucial turn that highlights the need for a more cohesive regulatory
The cryptocurrency landscape has notoriously been fraught with obstacles, especially for newcomers who often misplace their digital assets. Coinbase’s recent expansion of its self-service asset recovery tool to include Solana’s SPL tokens represents a significant step towards alleviating these frustrations. For many, the fear of losing funds due to user error has long loomed large.
The unfortunate events surrounding the Bybit hack have exposed vulnerabilities not only within cryptocurrency exchanges but also within the entire blockchain infrastructure. Recent revelations from Bybit CEO Ben Zhou indicate that nearly $400 million, a staggering 27.6% of the $1.4 billion in stolen Ethereum, is now considered untraceable. This figure has dramatically increased since March,
As Vietnam gears up to launch a pilot crypto trading platform with the backing of Bybit, one cannot help but reflect on the precariousness of the current crypto landscape. Unsanctioned and unregulated transactions represent a significant threat to investors looking to enter this volatile market. Finance Minister Ho Duc Phoc’s call for a robust legal
In a swift and alarming turn of events, the cryptocurrency landscape has again been rocked by revelations regarding the OM token. What we’ve uncovered is not just another run-of-the-mill scandal; it’s a glaring metaphor for the cryptocurrency market’s deeper issues—issues rooted in deception, misrepresentation, and intentional obfuscation. Recent discussions on “The Chopping Block,” a well-followed
In the rapidly evolving crypto landscape, change is the only constant, and Bybit’s recent announcement regarding the discontinuation of several Web3 services by May 31, 2025, exemplifies this volatile nature of the industry. While the exchange presents this pivot as a thoughtful realignment towards innovation and focused service offerings, the sudden loss of essential components
On April 15, a significant outage within Amazon Web Services (AWS) rattled the crypto industry, momentarily paralyzing essential platforms like Binance and KuCoin. While tech giants tout the security and reliability of their systems, this incident has laid bare the critical vulnerabilities inherent in centralized infrastructures. The reliance on a single provider for essential operations
