In the rapidly evolving world of cryptocurrencies, SBI VC Trade, a subsidiary of the esteemed SBI Holdings from Japan, continues to redefine its operational strategies to assert its presence in the blockchain sector. SBI Holdings, a titan in internet banking and blockchain technologies, boasts a substantial asset pool exceeding $190 billion as of March 2024.
Exchanges
Recently, the Solana blockchain community has found itself embroiled in a heated debate regarding transaction delays linked to Coinbase. Users expressed dissatisfaction on social media, sharing experiences where transactions took nearly 45 minutes, a concerning lag compared to other blockchain networks like Base, Algorand, and Arbitrum. Such delays can cripple the seamless flow of operations
The tech industry’s rapid expansion often leads to ethical dilemmas, as evidenced by the recent allegations made by Amrita Srivastava, a former senior executive at Binance. In a shocking turn of events, Srivastava has accused her former employer of retaliatory dismissal after she raised concerns regarding a bribery scheme involving a colleague. Her claims highlight
Celo, a notable Layer-1 blockchain, has recently garnered attention due to its plan to transition to an Ethereum Layer-2 network as part of Optimism’s Superchain ecosystem. However, the announcement has created ripples of concern, evident from a 5% decline in its native token, CELO, following uncertainty around the migration. This shift aims to leverage Ethereum’s
The cryptocurrency exchange FTX, which imploded under a veil of mismanagement and financial misconduct in late 2022, is working diligently to restore order and distribute funds to its millions of affected customers and creditors. With a Chapter 11 Plan of Reorganization on the horizon, FTX aims to streamline this daunting process and ensure a fair
In a significant development for cybersecurity and cryptocurrency regulations, South Korean authorities have successfully traced and recovered 4.8 Bitcoin (BTC) that was linked to the notorious hacking of the Upbit exchange in 2019. The hack, attributed to North Korean operatives, specifically involved the theft of 342,000 Ethereum (ETH), a staggering incident that not only highlighted
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,
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