On December 19, Coinbase will officially cease trading Wrapped Bitcoin (WBTC) on its platform, a decision that has sparked conversation within the cryptocurrency community. This action stems from the token’s perceived inability to meet Coinbase’s listing requirements, as outlined in their November 19 announcement. Although users will retain the ability to withdraw their holdings post-delisting,
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On November 18, Binance made headlines with the unveiling of BFUSD, a yield-generating stablecoin tailored for futures and perpetual contracts traders. This new form of digital currency is positioned to provide an attractive annual percentage yield (APY) of around 19.55%, enabling users to accumulate rewards daily simply by holding BFUSD in their Binance futures accounts.
In a significant move reflecting the evolving dynamics of the cryptocurrency sector, President-elect Donald Trump’s media enterprise, the Trump Media and Technology Group (TMTG), is reportedly engaged in negotiations to purchase Bakkt, a prominent player in the crypto trading realm operated by the Intercontinental Exchange (ICE). This potential acquisition underscores TMTG’s ambition to diversify and
In the rapidly evolving world of cryptocurrencies, regulatory oversight has become increasingly important. South Korea, a nation at the forefront of digital currency adoption, is facing a critical situation concerning Upbit, its largest cryptocurrency exchange. Recent investigations led by the Financial Intelligence Unit (FIU) of the Financial Services Commission (FSC) have uncovered significant violations of
In a significant turn of events, the Delhi Police have made headway in the investigation surrounding the alarming $235 million breach of the popular cryptocurrency exchange WazirX. The arrest of SK Masud Alam, who allegedly orchestrated a scam under the pseudonym “Souvik Mondal,” marks a pivotal moment. Local reports suggest that Alam created counterfeit accounts
In a striking display of market fluidity, Binance has reported a staggering influx of over $7 billion following the recent US elections held on November 5. Early analysis suggests that this surge correlates closely with recent events in the political arena, including the victory of former President Donald Trump. Notably, this figure dwarfs that of
The recent listing of Solana-based memecoins, The AI Prophecy (ACT) and Peanut the Squirrel (PNUT), on Binance has sparked significant discussions within the cryptocurrency community. With Binance being the largest crypto exchange globally in terms of trading volume, its decisions carry substantial weight. The sudden listing of these low-market-cap tokens on November 11 raised eyebrows
In the ever-evolving landscape of cryptocurrency regulation, Coinbase CEO Brian Armstrong has thrown his weight behind Hester Peirce potentially leading the SEC if President Trump secures a second term. Armstrong’s endorsement, articulated in a post on X, paints Peirce as a remarkably competent individual, highlighting her ability to unify divergent political views. Such an appointment
In light of growing concerns about the security of centralized exchanges, WazirX has announced its intention to launch a decentralized exchange (DEX) as part of an overarching strategy to enhance user safety and regain trust. This pivotal move follows a significant security breach in July 2024, during which hackers took advantage of vulnerabilities in WazirX’s
In the wake of the catastrophic collapse of FTX, the cryptocurrency exchange has initiated legal action against Ryan Salame, its erstwhile co-CEO in the Bahamas, aiming to recover nearly $98.8 million. The details surrounding this lawsuit reveal not only the seismic impacts of FTX’s downfall but also the alleged complicity of key executives in misappropriating