In a strategic move to diversify its offerings within the burgeoning cryptocurrency landscape, Kraken has launched a new wrapped Bitcoin product known as kBTC. Announced on October 17, this innovation presents itself as a fully-backed, cross-network-compatible ERC-20 token, designed to represent Bitcoin. With each kBTC token underpinned by a 1:1 ratio of actual Bitcoin held
Exchanges
In an encouraging move for Ethereum enthusiasts, Kraken, a leading cryptocurrency exchange, has successfully integrated with EigenLayer, unlocking the ability for its users to restake their Ethereum (ETH) effortlessly. As announced on October 15, this integration aims to democratize the restaking process, making it accessible to a diverse range of cryptocurrency users. However, access is
The ongoing legal turmoil surrounding Tigran Gambaryan, a prominent executive at Binance, underscores the complexities of international law and humanitarian concerns within the justice system in Nigeria. In early October, a court in Abuja turned down Gambaryan’s bail request, primarily due to procedural complications stemming from an ongoing appeal related to a previous denial. This
In an ambitious step towards expanding its footprint in the cryptocurrency space, Arkham Intelligence is gearing up for the launch of its own crypto derivatives exchange next month. This initiative, as reported by Bloomberg News on October 11, has been generating notable buzz within the crypto community, propelling the platform’s native token, ARKM, to a
In a significant move signaling the increasing scrutiny over financial practices in the cryptocurrency sector, South Korea’s Financial Services Commission (FSC) is initiating an investigation into Upbit, the country’s leading cryptocurrency exchange. This action stems from burgeoning concerns regarding Upbit’s substantial influence on the entire virtual asset market and its close ties with K Bank,
In a turn of events surrounding the infamous 2016 Bitfinex hack that led to the theft of approximately 120,000 BTC, a newly released U.S. government document indicates that Bitfinex may be the only entity entitled to restitution. This revelation has sent Bitfinex’s LEO token surging by 14%, indicating renewed optimism among investors. The implications of
On October 7, the digital landscape witnessed a significant upheaval with the BGB token, the native cryptocurrency of Bitget exchange. In a surprising turn of events, the token’s value plummeted dramatically from $1.15 to as low as $0.5344 within a mere span of about ten minutes. This swift and unexpected volatility raised alarm bells among
The world of cryptocurrency has been no stranger to volatility and transformation, especially in the realm of privacy tokens. A recent report from Kaiko has brought to light unprecedented developments in this sector, highlighting an alarming trend: nearly 60 delistings from centralized exchanges in 2023 alone. This is the most considerable number since 2021 and
In a landmark move aimed at expanding its user base, cryptocurrency exchange Bybit announced on September 24 the launch of an Islamic crypto account designed specifically for Muslim traders. This initiative reflects a growing trend in the fintech industry to create products that align with the values and principles of diverse religious communities. Bybit’s CEO,
Binance, one of the leading cryptocurrency exchanges since its inception in 2017, has recently achieved a remarkable feat: processing over $100 trillion in trades. This milestone, announced by CEO Richard Teng on social media, underscores the platform’s significant position within the crypto landscape. To put this achievement into perspective, the trading volume handled by Binance
