In the ever-evolving landscape of cryptocurrency, safety and vigilance have never been more crucial. Recently, Richard Teng, the CEO of Binance, raised an alarm about an innovative but malicious scam known as the “share-seed-phrase.” In a February 18th message posted on X, Teng elucidated how this con works—by manipulating vulnerabilities in trust and urgency, fraudsters
Exchanges
Recent findings from a Kaiko report reveal a remarkable surge in the demand for XRP, placing it at the forefront of trading activity on US-based exchanges. This spike in trading volumes, particularly since November, offers an intriguing glimpse into the evolving landscape of cryptocurrency investments. Significantly, XRP’s performance outpaced that of other prominent cryptocurrencies, marking
In a recent social media announcement, Changpeng Zhao, the founder and former CEO of Binance, firmly denied rumors that the leading cryptocurrency exchange was on the brink of being sold. The speculation had circulated across various platforms, primarily triggered by significant movement in the exchange’s asset holdings, which some users misinterpreted as impending asset liquidations.
In a significant turn of events for the cryptocurrency exchange market, Bybit has successfully navigated its way off the blacklist maintained by France’s financial authority, the Autorité des Marchés Financiers (AMF). The confirmation, announced by CEO Ben Zhou, marks the culmination of over two years of intense negotiations and compliance enhancements aimed at addressing rising
Coinbase has wrapped up 2024 with impressive financial results, achieving revenue of $2.3 billion for the fourth quarter alone. This figure not only surpassed market expectations of $1.87 billion but also represented an astonishing 88% growth compared to the preceding quarter. The substantial increase can be primarily attributed to a 172% surge in trading revenue,
In the latest quarter, Robinhood’s performance astonished industry observers with an unprecedented 400% jump in crypto trading volume, soaring to an impressive $70 billion. This spike is largely credited to a renaissance in retail investor interest, coinciding with Bitcoin’s remarkable ascent past $100,000. The invigorated sentiment surrounding digital assets has induced many investors to re-enter
The CME Group has recently reported exceptional trading volumes in the realm of cryptocurrencies, particularly during the fourth quarter of 2024. The exchange experienced an average daily trading volume of roughly $10 billion in crypto futures and options, marking an astonishing increase of over 300% compared to the same time frame in the previous year.
In a recent report by CoinGecko, the crypto trading landscape has been quantitatively assessed, revealing that combined trading volumes across leading centralized exchanges reached a staggering $18.83 trillion in 2024. This represents a remarkable recovery from the previous year, showcasing a 134% increase from 2023’s total of $8.05 trillion. Yet, despite this resurgence, the current
In a significant move, Crypto.com has announced the launch of its crypto asset services throughout all states within the European Economic Area (EEA). This development was shared via a social media post on February 12, marking a crucial step in the platform’s expansion strategy. The exchange expressed its excitement, emphasizing its commitment to increasing brand
The legal landscape surrounding cryptocurrency has been tumultuous and dynamic, particularly in the wake of recent developments involving the SEC and Binance. Initially filed in 2023, the lawsuit accused Binance, one of the largest cryptocurrency exchanges globally, of breaching U.S. securities laws. The charges stemmed from the exchange’s offering of various tokens that the SEC
