The recent actions by BitGo in facilitating the second phase of FTX’s repayment process may seem like a beacon of hope for beleaguered creditors, but let’s pause for a moment to examine the ramifications. While on the surface, it appears that almost $5 billion will be disbursed to creditors, the reality is far more complex
Exchanges
In an audacious move, Kraken has launched perpetual futures contracts for the Pi Network’s native token, PI. With the option for a staggering 20x leverage, this creation is perceived as an opportunity and a pitfall. While it is certainly a boost for traders looking to speculate without direct ownership, it also exposes them to dangerous
The listing of the USD1 stablecoin by Binance, the titan of cryptocurrency exchanges, certainly invites a wide range of reactions within the crypto community. This step reflects Binance’s attempt to expand its offerings and adapt to a rapidly evolving financial landscape. On the one hand, it showcases the exchange’s agility and openness to new financial
Coinbase is currently embroiled in a controversy that has sent shockwaves through the cryptocurrency community. The exposure of personal data belonging to nearly 70,000 users has paved the way for a wave of criticism and regulatory scrutiny. This alarming breach, affecting 69,461 individuals, was amplified by revelations that overseas support agents, incentivized by cybercriminal activities,
The cryptocurrency realm has never shied away from controversies, and the ongoing legal feud between Binance and FTX is a testament to that. With FTX’s monumental $1.76 billion lawsuit directed at Binance, the stakes have never been higher. In its defense, Binance has taken a robust stance, arguing not just the merit of the claims
Circle, the maker of the USDC stablecoin, is at a pivotal moment in its history. Initially targeting a $5 billion valuation with the announcement of an upcoming initial public offering (IPO), the company is now exploring another significant route: a potential acquisition either by Coinbase or Ripple. This dual approach reflects the precarious balance that
The burgeoning popularity of cryptocurrencies has unfurled a tapestry of opportunities and, begrudgingly, a host of threats for investors. As the value of Bitcoin and other digital currencies skyrockets, so too does the peril surrounding those who reap the rewards. Physical violence and extortion have emerged as grim realities for crypto investors; incidents such as
The cryptocurrency sphere, celebrated for its revolutionary promise and decentralization, is now grappling with a critical cybersecurity crisis. The recent data breach at Coinbase, a premier cryptocurrency exchange, raises indispensable questions about the security of digital finance and the platforms that claim to protect our assets. When Qiao Wang, a contributor to Alliance DAO, exposed
In a bold move, Coinbase CEO Brian Armstrong has opened the floodgates for innovation by inviting employees from the US Department of Government Efficiency (DOGE) to join his crypto exchange. This isn’t just a chance for a career shift; it’s a clarion call for disruptive thinkers. In a landscape filled with bureaucratic entrenchment, Armstrong reframes
Despite the electric buzz surrounding cryptocurrencies, a compelling report from S&P Global exposes a glaring issue: liquidity is still notably weaker than in traditional finance. This problem stems largely from the fragmented structure of the crypto market, where countless exchanges exist in silos, each with its own unique liquidity metrics. Unlike the unified order books
