Coinbase, the popular cryptocurrency exchange, recently reported a total revenue of $1.449 billion for the second quarter of the year. This exceeded market expectations, showcasing the company’s ability to generate significant income from its platform. In comparison to the same period last year, Coinbase experienced exponential growth, with total income jumping from $674.1 million to
Exchanges
The landscape of cryptocurrency trading is witnessing a significant shift, with decentralized exchanges (DEXs) now boasting their highest-ever trading volume ratio compared to centralized exchanges (CEXs). This milestone was recently highlighted by Uniswap founder Hayden Adams, who pointed out that DEX market share is at an all-time high relative to CEX. The surge in DEX
One of the defining features of Zoomex is its unwavering commitment to user anonymity. Unlike other crypto exchanges that necessitate rigorous Know Your Customer (KYC) verification procedures, Zoomex bucks the trend by not imposing KYC requirements. This bold stance on privacy empowers users to trade with confidence, knowing that their personal information is kept confidential
Upon conducting a preliminary investigation, WazirX reported that there was no evidence to suggest that the machines of WazirX signers were compromised in a recent cyber attack on its multi-signature Ethereum wallet. This attack, which took place earlier this month, raised concerns within the crypto community. Initially, the exchange attributed the hack to an issue
After a decade-long effort to reimburse those affected by the infamous Mt. Gox hack in 2014, crypto exchange Bitstamp has announced that it has started the process of returning recovered digital assets to creditors. This marks a significant milestone in the ongoing saga of Mt. Gox’s collapse, providing hope for the thousands of former users
Following a significant exploit that resulted in the loss of nearly half of its assets, India-based centralized exchange WazirX is seeking partnerships to restore full operations. The exchange co-founder, Nischal Shetty, took to social media on July 23 to share the news and reassure users that they are working on a solution to restart services.
The crypto industry is currently in a state of anticipation, awaiting the possibility of a second Donald Trump presidency. President Trump has been vocal about his support for Bitcoin and cryptocurrency, promising to end President Joe Biden’s perceived “crusade against crypto.” With polls indicating a potential rise in Trump’s favorability among voters, many in the
During a recent hack of India-based crypto exchange WazirX, a total of $235 million was lost in what was described as a breach on the exchange’s network. Multiparty computation (MPC) wallet provider Liminal, whose infrastructure remained safe during the incident, provided a detailed post-mortem report on July 19. The report clarified that the breach was
A recent development in the case of Binance US has seen a US court granting permission for the exchange to invest certain customer fiat funds. This decision allows Binance US to invest these funds, which are currently held at BitGo, in US Treasury Bills. The court approved the exchange’s request to invest approximately $40 million
Recently, blockchain security firm Cyvers Alert made a shocking revelation about the Indian exchange WazirX being exploited for a staggering $235 million. The firm detected multiple suspicious transactions involving WazirX’s Safe Multisig wallet on the ETH network, resulting in the transfer of $234.9M to a new address. Each transaction was funded by Tornado Cash, raising