The popular crypto exchange, Bybit, has announced that it will be ending its operations in France due to recent regulatory issues. The company cited new developments from the French regulator, which have made it difficult for Bybit to continue operating in the country. This move comes after the French Financial Market Authority (AMF) warned investors
Exchanges
Coinbase’s total revenue for the second quarter came in at $1.449 billion, surpassing the market consensus estimate. This figure represents a significant increase from the $674.1 million reported for the same period last year. The exchange also reported a net income of $36 million for the quarter, a stark contrast to the net loss of
The landscape of cryptocurrency trading is experiencing a significant shift, with decentralized exchanges (DEXs) reaching their highest-ever trading volume ratio compared to centralized exchanges (CEXs). This milestone was highlighted by Uniswap founder Hayden Adams, who pointed out that DEX market share is currently at an all-time high relative to CEX. The surge in DEX trading
Cryptocurrency trading has become increasingly popular in recent years, with many traders seeking platforms that prioritize user needs and security. Zoomex is one such platform that has gained recognition for its innovative approach to crypto trading. By delving into the key features and strategic initiatives of Zoomex, it is clear that the platform stands out
The recent cyber attack on WazirX’s multi-signature Ethereum wallet has raised significant concerns within the crypto community. In a blog post on July 25, WazirX stated that its preliminary investigation did not find any evidence of compromise in the machines of the signers. The attack, which occurred earlier this month, led to the theft of
After years of waiting, creditors of the defunct Mt. Gox exchange are finally seeing progress in the form of returned digital assets. Bitstamp, along with other exchanges like Kraken, has begun the process of distributing Bitcoin (BTC), Bitcoin Cash (BCH), and Ethereum (ETH) to users affected by the infamous 2014 hack that led to Mt.
The recent security breach at India-based centralized exchange WazirX has sent shockwaves throughout the cryptocurrency community. The exchange lost nearly half of its assets, amounting to over $230 million in user funds. The co-founder, Nischal Shetty, has been actively seeking partnerships to restore full operations and recover the stolen funds. This incident serves as a
The crypto industry is closely watching the possibility of a second term for former President Donald Trump due to his promise to end President Joe Biden’s crackdown on cryptocurrencies. With Trump’s odds of winning the U.S. elections on the rise, many in the industry are optimistic about the potential changes that could come with his
The recent hack of India-based crypto exchange WazirX has sent shockwaves throughout the cryptocurrency community. However, multiparty computation (MPC) wallet provider Liminal has stepped forward to clarify that its infrastructure was not compromised in the attack. According to Liminal’s post-mortem report on July 19, the breach was attributed to compromised devices within WazirX’s network, absolving
Recently, a US court has given Binance US the green light to invest certain customer fiat funds, which are currently being held at BitGo, in US Treasury Bills. The exchange sought approval to invest approximately $40 million in $10 million increments over a four-week period. These investments will take place through a trading account on
