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
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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
In recent months, the cryptocurrency landscape has faced considerable volatility, prompting an analysis from Animoca Research that highlights the performance of various tokens listed on five prominent exchanges: Binance, Bitget, Bybit, KuCoin, and OKX. From January to September, the report unveiled a concerning trend: tokens on these exchanges exhibited a median performance decline between 40%
In the aftermath of a financial collapse as significant as FTX’s, the process of asset recovery becomes paramount not just for creditors but also for setting a precedent in corporate governance and accountability. FTX, once a leading cryptocurrency exchange, filed for Chapter 11 bankruptcy in November 2022, leaving behind a trail of creditors who hoped
The collapse of FTX, once hailed as a beacon of innovation within the cryptocurrency exchange realm, has become synonymous with one of the largest financial debacles in modern history. At the heart of this scandal is Nishad Singh, the former engineering director of the now-defunct exchange. On October 30, 2023, Singh was sentenced to time
On October 30, 2023, Kraken, one of the leading cryptocurrency exchanges, announced a significant round of layoffs that affected approximately 15% of its workforce. This move, described as necessary “organizational changes,” is aimed at streamlining operations and refocusing the organization’s mission in a rapidly evolving market. The announcement accompanied the appointment of Arjun Sethi, co-founder