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
Exchanges
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
The infamous Mt. Gox exchange, once the largest cryptocurrency trading platform before its catastrophic collapse in 2014, has made headlines once again by transferring over $2 billion in Bitcoin recently. According to Arkham Intelligence, the transfers occurred on November 4, with a staggering 30,371 BTC directed to a newly generated wallet identified as “1FG2C.” An
OSL Group Limited has taken a noteworthy step in the world of cryptocurrency by announcing the acquisition of an 81.38% stake in Japanese crypto exchange CoinBest K.K. through its subsidiary, OSL Investment (Japan) Limited. This strategic move, disclosed in a press statement on November 4, indicates OSL’s commitment to penetrate and optimize its presence in
The world of cryptocurrency is fraught with debates, particularly regarding the costs associated with listing digital assets on trading platforms. Recently, a significant controversy arose involving prominent figures in the industry, including Justin Sun, co-founder of the Tron Network, and Andre Cronje, co-founder of Sonic Labs. The catalyst for this intense discussion was a claim
On October 31, 2024, M2, a cryptocurrency exchange based in the United Arab Emirates, suffered a severe security breach that resulted in the loss of approximately $13.7 million in digital assets. The breach occurred around 3:16 AM, prompting a swift response from M2’s team. However, the quick action was insufficient to prevent the theft. Notably,
In a groundbreaking move for the blockchain space, the Optimism Foundation has partnered with Kraken, finalizing a deal worth $25 million in OP tokens to integrate Kraken’s newly developed layer-2 blockchain, Ink, into the Superchain ecosystem. This collaboration, valued at approximately $43 million based on the current price of OP at $1.72, marks a significant
In an indicative evolution of the cryptocurrency landscape, Binance, the world’s largest crypto exchange by trading volume, is making strategic utilizations of Amazon Web Services (AWS) to bolster its platform’s user experience. Announced on October 31, this partnership aims to incorporate advanced generative AI tools and cloud services in a bid to enhance user interaction