The Solana blockchain has positioned itself as a formidable contender in the cryptocurrency sphere, ranking as the third-largest network after Bitcoin and Ethereum. Known for its remarkable transaction speed and scalability, Solana has garnered a dedicated user base and developer community. However, recent turbulence surrounding delayed transactions on the Coinbase platform has put the spotlight
Exchanges
In a striking development within the cryptocurrency giant Binance, former executive Amrita Srivastava has come forward with serious allegations of retaliation following her whistleblowing activities. Srivastava, who was based in London and part of Binance’s Link platform, claims that her dismissal was orchestrated after she raised alarm over a bribery scheme that involved a colleague.
The blockchain landscape is in constant flux, with projects frequently adapting to the fast-paced evolution of technology. Celo, a notable Layer-1 blockchain, recently initiated a controversial transition to an Ethereum Layer-2 ecosystem within Optimism’s Superchain framework. This decision has not come without ramifications; the native token, CELO, experienced a notable drop of 5%, currently holding
FTX, the cryptocurrency exchange that experienced a significant collapse in November 2022, is now moving forward with its Chapter 11 Plan of Reorganization. This plan is a crucial step towards addressing the financial turmoil instigated by mismanagement under founder Sam Bankman-Fried and his team. The company has laid out a comprehensive timeline aimed for completion
In November 2023, South Korean authorities made significant strides in the ongoing battle against cybercrime, successfully recovering 4.8 Bitcoin (BTC) that had been hijacked during the infamous Upbit exchange hack of 2019. This incident was particularly alarming, as North Korean hackers, who have been increasingly active in the cryptocurrency space, stole a staggering 342,000 Ethereum
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
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
