On April 15, a curious episode unfolded in the world of cryptocurrency when Amazon Web Services (AWS) faced a sudden outage, bringing down the roofs of major platforms and exposing a glaring vulnerability inherent in centralized systems. This disruption wasn’t just a temporary inconvenience; it laid bare the fragile nature of infrastructure upon which many
Exchanges
At the heart of Coinbase’s objection to the FDIC’s request for additional time lies a disturbing truth about government authority in the evolving landscape of cryptocurrency. By attempting to sidestep the legal requirements of the Freedom of Information Act (FOIA), the FDIC is not merely asking for an extension; it is actively undermining accountability. Coinbase’s
The current structure of South Korea’s cryptocurrency market, bound by the restrictive one-bank-per-exchange policy, is a significant barrier to progress. This antiquated regulation, originally introduced in 2018 to combat money laundering, has become an anchor, dragging down both innovation and competition. By permitting only one bank to partner with a given exchange, the policy effectively
In an era where traditional financial systems dominate, the emergence of decentralized finance (DeFi) offers a refreshing mindset that empowers individuals. Among the notable players causing a stir in this arena is SUN.io, the DeFi platform built on the TRON blockchain. By integrating features such as token swaps, liquidity mining, and a Decentralized Autonomous Organization
The latest announcement from BlackRock regarding the iShares Bitcoin Trust (IBIT) has sent ripples through the world of digital assets. With the formal inclusion of Anchorage Digital Bank as a secondary custodian, the asset management giant is making a calculated move that defies the traditional single-custodian framework. While this expansion might initially seem like a
In a significant legal standoff, a Nigerian court has postponed proceedings in a major tax evasion suit against Binance, the global cryptocurrency exchange, until April 30. The Federal Inland Revenue Service (FIRS) is making audacious claims against the company, seeking a staggering $2 billion in taxes owed and a further $79.5 billion in damages. This
Coinbase’s recent application to the U.S. Commodity Futures Trading Commission (CFTC) to introduce an XRP futures contract marks a watershed moment in the cryptocurrency landscape. If approved, trading could commence as early as April 21, 2025. This strategic move indicates the company’s intent to deepen its foothold in the cryptocurrency market by providing investors with
In the ever-evolving world of decentralized finance (DeFi), platforms like JUST (JST) are often lauded as beacons of innovation. However, the remarkable enthusiasm surrounding them often overshadows the potential dangers lurking beneath the surface. With Kraken’s recent listing of JST, coupled with an airdrop campaign worth $90,000, it’s essential to peel back the layers and
In a surprising yet not entirely shocking move, Bybit recently announced its decision to shut down its NFT Marketplace, along with its Inscription Marketplace and Initial DEX Offerings (IDO) product pages. This decision looks to “streamline offerings and enhance user experience,” but it reeks of a market struggling to maintain relevance. As one of the
In a move that left many political analysts scratching their heads, former President Donald Trump granted full pardons to the co-founders of the cryptocurrency exchange BitMEX on March 27. This decision cleared the names of Arthur Hayes, Benjamin Delo, and Samuel Reed, individuals who had previously admitted to breaching anti-money laundering laws and faced substantial
