In a significant shift within the cryptocurrency landscape, Coinbase has announced the removal of Wrapped Bitcoin (WBTC) trading pairs from its exchange and Prime platforms effective December 19. This move, revealed in an announcement on November 19, raises questions about the underlying health and viability of WBTC as a trading asset. While users are assured
Exchanges
In a strategic move to bolster its offerings in the cryptocurrency space, Binance has recently introduced BFUSD, a yield-bearing stablecoin designed specifically for futures and perpetual contracts traders. Announced on November 18, BFUSD is touted as a promising instrument for maximizing returns without the traditional complications associated with staking or locking funds. This new addition
Recent reports suggest that Trump Media and Technology Group (TMTG), under the leadership of President-elect Donald Trump, is in advanced negotiations to acquire Bakkt, the cryptocurrency trading platform owned by the Intercontinental Exchange (ICE). This potential acquisition presents a pivotal moment for TMTG as it endeavors to capitalize on the burgeoning cryptocurrency sector. The Financial
Recent findings by the South Korean Financial Intelligence Unit (FIU) have brought to light significant Know-Your-Customer (KYC) compliance issues at Upbit, the country’s largest cryptocurrency exchange. During a routine evaluation linked to Upbit’s business license renewal, the FIU discovered between 500,000 to 600,000 instances of potential KYC violations. Such revelations underscore not only Upbit’s oversight
In a gripping turn of events for the cryptocurrency industry, Indian authorities have made a notable breakthrough in the ongoing investigation of the staggering $235 million breach suffered by WazirX, one of the country’s largest crypto exchanges. The investigation, led by the Delhi Police, recently culminated in the arrest of SK Masud Alam from West
In a recent update, Binance reported an extraordinary influx of over $7 billion, a phenomenon traced back to the elections held in early November. The timing of this surge correlates closely with the election results that saw former President Donald Trump secure a victory on November 5. Such a significant inflow positions Binance far ahead
In recent weeks, the cryptocurrency landscape has been tumultuously shaken by Binance’s listings of two Solana-based memecoins: The AI Prophecy (ACT) and Peanut the Squirrel (PNUT). As exemplified by their abrupt introduction on the world’s largest crypto exchange by trading volume, this action has raised significant eyebrows among community members who suspect that these listings
Amid the ever-evolving regulatory landscape of the cryptocurrency industry, advocates have been vocal about the need for appropriate leadership at the Securities and Exchange Commission (SEC). Coinbase CEO Brian Armstrong recently expressed his support for Hester Peirce, a prominent figure in the crypto sector, to head the SEC in a potential future Trump administration. Executives
In an era where digital currencies are becoming mainstream, the security of centralized exchanges has come under intense scrutiny. Following a catastrophic breach in July 2024, WazirX, one of India’s leading cryptocurrency exchanges, has announced plans to launch a decentralized exchange (DEX). This initiative not only aims to enhance user security but also responds to
FTX, once one of the largest cryptocurrency exchanges, is embroiled in a legal confrontation with its former co-CEO Ryan Salame. The crux of the dispute, as detailed in a recent court filing dated November 4, revolves around the alleged recovery of nearly $98.8 million in a combination of cash and cryptocurrencies. FTX accuses Salame of
