Woori Technology, a prominent venture capital firm in South Korea, stands at a crucial juncture as it contemplates divesting its stake in Dunamu, the parent company of Upbit, the largest cryptocurrency exchange in the region. Originally, Woori made a significant investment of 5.5 billion KRW back in 2015. Over eight years later, this investment has
Exchanges
On December 3, 2023, Brian Armstrong, the CEO of Coinbase, made a significant announcement regarding the company’s legal partnerships, directly addressing the contentious relationship between the cryptocurrency sector and regulatory authorities. Armstrong’s decision to cut ties with law firms employing former regulators was an assertion of the crypto industry’s growing frustration with what many perceive
The cryptocurrency exchange Coinbase, widely recognized as the largest in the United States, recently found itself embroiled in a significant controversy concerning its stance on the use of Virtual Private Networks (VPNs) by its users. A warning issued by Scott Shapiro, a product designer at Coinbase, on December 2, sparked widespread backlash from the crypto
In a significant development for cryptocurrency enthusiasts, Coinbase recently revealed the integration of Apple Pay into its Coinbase Onramp service. This innovation, announced on December 2, aims to facilitate a smoother transition for users striving to convert traditional currency (fiat) into digital assets. By streamlining the payment process, this feature is poised to make crypto
SBI VC Trade, an arm of Japan’s prominent financial institution SBI Holdings, is solidifying its presence in the cryptocurrency landscape through strategic partnerships with DMM Bitcoin and Metaplanet. This move comes at a time when cryptocurrencies are facing fluctuations and challenges, notably in security and regulatory compliance. Given SBI Holdings’ stature, with assets exceeding $190
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
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
