Gemini, one of the prominent cryptocurrency exchanges, has made a significant decision to terminate its operations in Canada by the end of 2024. According to an email dispatched to its customers on September 30, this closure will affect all Canadian accounts, mandating users to withdraw their assets within a 90-day timeframe. This unexpected announcement has
Exchanges
The downfall of the FTX cryptocurrency exchange represents one of the most shocking events in financial history, and at the center of this turbulent narrative is Caroline Ellison, the former CEO of Alameda Research. Recently sentenced to two years in prison and ordered to forfeit $11 billion, Ellison’s case stands as a compelling examination of
In July, WazirX, one of India’s prominent cryptocurrency exchanges, faced an unprecedented crisis following a massive cyberattack that saw $230 million siphoned from its coffers. This incident not only raised eyebrows regarding the security protocols in place but also thrust the company into turmoil, pressing it to seek immediate remedies. In an attempt to stabilize
As the cryptocurrency landscape continues to expand and diversify, finding the right platform to engage in buying and selling digital currencies has become increasingly crucial. With numerous exchanges vying for your attention, it can be challenging to pinpoint not only the most reliable platforms but also those offering optimal exchange rates and features that cater
The cryptocurrency industry is rapidly evolving, with varied growth rates across different nations. Among these nations, the United Arab Emirates (UAE) stands out as a significant player, showcasing remarkable and well-rounded growth across various transaction size brackets. This expansion can be attributed to a fusion of factors, including regulatory advancements, heightened institutional interest, and a
In July, the Indian cryptocurrency exchange WazirX suffered a significant breach that saw $230 million siphoned from its digital vaults. Nearly three months post-incident, the majority of these assets have been laundered, leaving an approximate $6 million of Ethereum (ETH) remaining, as indicated by analyses from Arkham Intelligence. This staggering theft not only compromised over
As the digital asset market continues to evolve, institutional interest in cryptocurrencies is surging. The recent moves by BNY Mellon underscore a transformative phase within this sector, particularly in the realm of crypto custody. With their strategic exemption from the Securities and Exchange Commission (SEC) regarding accounting for customer crypto assets, BNY Mellon is hoping
In a significant development within the cryptocurrency landscape, Kraken, an established player in the digital asset exchange realm, has recently announced its acquisition of Coin Meester (BCM), a reputable and historical cryptocurrency broker based in the Netherlands. This acquisition, as detailed in a statement released on September 24, positions Kraken to bolster its operational presence
BingX, a prominent crypto exchange, has recently faced scrutiny following a security breach that resulted in what it termed a “minor asset loss.” This incident came to light on September 20 when Vivien Lin, the Chief Product Officer, disclosed details about suspicious outflows from one of the exchange’s hot wallets. The incident occurred around 4:00
The intricate legal confrontation between the US Securities and Exchange Commission (SEC) and Coinbase has entered a pivotal phase as the SEC seeks a four-month extension to finalize fact discovery within its lawsuit. The SEC’s recent letter to Judge Katherine Polk Failla, dated September 18, 2023, proposes to extend the discovery deadline from October 18,
