In the wake of the recent US elections, Binance, one of the largest cryptocurrency exchanges globally, has experienced a remarkable influx of capital, totaling over $7 billion. This surge in activity, as reported on November 12, underscores a transformative period for the platform, especially following the electoral success of former President Donald Trump. With such
Exchanges
The recent uproar in the crypto community surrounding Binance’s listings of two Solana-based memecoins, The AI Prophecy (ACT) and Peanut the Squirrel (PNUT), reveals deeper concerns about market manipulation and investor protection. While these tokens experienced meteoric rises in value, allegations of “pump and dump” schemes have emerged, igniting an intense debate about the responsibilities
In an illuminating post on X, Coinbase’s CEO Brian Armstrong has recently thrown his weight behind Hester Peirce’s potential ascension to lead the Securities and Exchange Commission (SEC) under a possible second term for President Donald Trump. Armstrong’s praise for Peirce, calling her “smart, fair, and professional,” underscores a sense of optimism in the crypto
In the ever-evolving landscape of cryptocurrency exchanges, WazirX’s recent announcement to launch a decentralized exchange (DEX) marks a significant shift in its operational strategy. Following a staggering $235 million hack attributed to North Korea’s Lazarus Group, the urgency to enhance security protocols has never been more pressing. This incident, which exposed a vulnerability in WazirX’s
In the dynamic world of cryptocurrency, where companies evolve rapidly, Crypto.com stands out with its ambitious roadmap for 2025. Positioned as a leading trading platform, the Singapore-based blockchain company has plans to broaden its offerings significantly, integrating innovative products that cater to both traditional finance and the cryptocurrency market. This analysis delves into Crypto.com’s strategies
The collapsed cryptocurrency exchange FTX has initiated a significant legal dispute against Ryan Salame, the ex-co-CEO of its Bahamian subsidiary. This court action, as announced on November 4, aims to reclaim around $98.8 million in financial assets, comprising both cash and cryptocurrency. Salame is accused of complicity in the misappropriation of customer assets alongside other
Mt. Gox, once a dominant player in the cryptocurrency exchange arena, has made headlines again following significant movements of Bitcoin valued at over $2 billion. Data revealed by Arkham Intelligence outlines that on November 4, 2023, Mt. Gox completed large-scale transfers of Bitcoin to newly established wallets, reigniting conversations surrounding the infamous exchange, particularly in
The cryptocurrency sphere has long been characterized by volatility and contention, particularly when it comes to the topic of asset listings on major trading platforms. Recent statements from Tron Network founder Justin Sun and Sonic Labs co-founder Andre Cronje have sparked an illuminating debate regarding the transparency and policies of Coinbase, a substantial player in
On October 31, 2024, M2, a cryptocurrency exchange based in the UAE, suffered a serious security breach leading to the loss of approximately $13.7 million in digital assets. The attack, reported in a statement released on November 1, occurred early in the morning at around 3:16 A.M. Despite the exchange’s team springing into action quickly,
Brian Armstrong, the CEO of Coinbase, has recently raised an urgent call for introspection within the U.S. Securities and Exchange Commission (SEC). His critique comes as the SEC finds itself under growing scrutiny for its handling of cryptocurrency regulation. Armstrong argues that the next SEC Chair should not only halt what he describes as “frivolous”
