The aftermath of Coinbase’s alarming data breach is far graver than initially perceived, with victims now grappling with an insidious new wave of fraud. Rather than limiting their malicious tactics to the digital realm, these criminals are exploiting personal information to deliver fake letters directly to their victims’ homes. The recent revelation serves as a
Exchanges
WazirX, a prominent crypto exchange, has recently faced a devastating setback that could profoundly affect its industry standing. The Singapore High Court’s decision to reject its restructuring proposal after a significant $230 million hack in July 2024 not only hampers immediate operational recovery but marks a critical moment of vulnerability within the crypto ecosystem. While
In an audacious bid to solidify its foothold in the intricate world of cryptocurrency, Robinhood has completed a $200 million acquisition of Bitstamp, a historic player within the realm of crypto exchanges. This transformative event, which comes after a lengthy 12-month negotiation, represents far more than a mere financial transaction; it is a monumental step
In a groundbreaking announcement, IG Group became the first publicly traded broker in the UK to enable retail investors to trade in 38 cryptocurrencies. Set to come into effect on June 3, this decision marks a significant step for both IG Group and the wider financial market. By collaborating with Uphold for custody and execution
As we dive deeper into the complexities surrounding the cryptocurrency market, the implications of the $5 billion repayment initiated by the FTX Recovery Trust can’t be overstated. Scheduled to start on May 30, this monumental repayment round is significant not only for its sheer scale but also for its potential to inject fresh liquidity into
The recent legal maneuvering from the U.S. Securities and Exchange Commission (SEC) regarding Binance has raised eyebrows and ignited discussions about the future of cryptocurrency regulation. On May 29, the SEC requested a federal judge to dismiss its civil complaint against Binance and its founder, Changpeng “CZ” Zhao. The context surrounding this dismissal is layered
The recent actions by BitGo in facilitating the second phase of FTX’s repayment process may seem like a beacon of hope for beleaguered creditors, but let’s pause for a moment to examine the ramifications. While on the surface, it appears that almost $5 billion will be disbursed to creditors, the reality is far more complex
In an audacious move, Kraken has launched perpetual futures contracts for the Pi Network’s native token, PI. With the option for a staggering 20x leverage, this creation is perceived as an opportunity and a pitfall. While it is certainly a boost for traders looking to speculate without direct ownership, it also exposes them to dangerous
The listing of the USD1 stablecoin by Binance, the titan of cryptocurrency exchanges, certainly invites a wide range of reactions within the crypto community. This step reflects Binance’s attempt to expand its offerings and adapt to a rapidly evolving financial landscape. On the one hand, it showcases the exchange’s agility and openness to new financial
Coinbase is currently embroiled in a controversy that has sent shockwaves through the cryptocurrency community. The exposure of personal data belonging to nearly 70,000 users has paved the way for a wave of criticism and regulatory scrutiny. This alarming breach, affecting 69,461 individuals, was amplified by revelations that overseas support agents, incentivized by cybercriminal activities,
