Exchanges

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
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In the volatile realm of cryptocurrency, security has become an ever-pressing concern, as showcased by the recent incident involving M2, a UAE-based crypto exchange. On November 1, M2 publicly acknowledged a significant breach that drained a staggering $13.7 million from its digital vaults. According to their announcements, the breach occurred in the early hours of
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In a significant move aimed at bolstering the blockchain landscape, the Optimism Foundation has finalized a $25 million deal with Kraken to welcome its newly launched layer-2 (L2) blockchain, Ink, into the burgeoning Superchain ecosystem. This partnership is estimated to be worth approximately $43 million based on the current valuation of OP tokens, which stand
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In a significant move signaling its commitment to technological advancement, Binance, the leading cryptocurrency exchange, has announced its partnership with Amazon Web Services (AWS) to integrate advanced generative AI tools into its platform. This strategic initiative aims not only to refine user onboarding processes but also to bolster customer support and optimize internal systems for
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On October 30, Kraken, one of the leading cryptocurrency exchanges, revealed a significant restructuring initiative intended to optimize its operations and re-establish its organizational focus. This announcement comes on the heels of a painful history of prior layoffs, which included a notable 30% workforce reduction just a year prior. These decisions are not merely business
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