In the ever-evolving world of cryptocurrency, innovation often walks hand-in-hand with volatility. Kraken’s recent introduction of perpetual futures contracts for the Pi Network’s native token, PI, stands as a testament to this reality. While the allure of leveraged trading—offering up to 20 times leverage—promises potential profits, it also presents an array of risks that could
Exchanges
In an unprecedented move, Binance—the leading cryptocurrency exchange by trading volume—has announced its plans to list the USD1 stablecoin, an innovative financial tool affiliated with a venture linked to the Trump dynasty, World Liberty Financial (WLFI). Such an undertaking not only speaks volumes about Binance’s confidence in the potential of USD1 but also signals an
Gone are the days when cryptocurrency exchanges were considered bastions of security and innovation. Coinbase recently found itself at the center of scandal and scrutiny after a significant data breach exposed sensitive information of nearly 70,000 users, a shocking breach that not only undermines user trust but also casts shadows over the entire crypto industry.
When it comes to legal battles in the cryptocurrency sector, jurisdiction often plays a pivotal role, and Binance is using this to its advantage in its response to FTX’s $1.76 billion lawsuit. The exchange asserts that U.S. courts simply do not have the authority over the foreign entities involved in this case. The implication here
As the cryptocurrency sector continues to redefine financial paradigms, Circle, the issuer of the USDC stablecoin, is signaling a pivotal shift in its trajectory. Recent reports indicate that Circle is advancing its plans for an initial public offering (IPO), eyeing a valuation of approximately $5 billion. While the prospect of going public is always an
The world of cryptocurrency continues to burgeon, promising incredible returns and drawing a diverse array of investors into its labyrinthine depths. However, with great wealth comes an equally formidable set of dangers. Recent reports have unveiled an alarming escalation in the threats posed to crypto investors, with a particular emphasis on physical security. As the
In the digital arena, scams have evolved with the sophistication of a chess game. One of the most disconcerting trends emerging recently is social engineering, exemplified by the disturbing events surrounding Coinbase. As highlighted by Qiao Wang, an Alliance DAO contributor, the recent data breach at Coinbase has unleashed a wave of malaise—not just for
Coinbase CEO Brian Armstrong’s recent call to employees of the Department of Government Efficiency (DOGE) is much more than a simple recruitment effort; it symbolizes a pivotal shift in the future of financial systems. By encouraging these public servants to consider roles at a cryptocurrency powerhouse after their tenure, Armstrong is essentially seeking to harness
The latest insights from S&P Global underscore a stark reality in the cryptocurrency market: despite advancements, liquidity remains disjointed and far from catching up with traditional financial markets. The persistent fragmentation, both in technical design and the multitude of existing trading platforms, creates an environment where liquidity is not just shallow but inconsistently accessible. For
The recent announcement from Backpack regarding the restoration of withdrawal services for former FTX EU customers is undoubtedly a landmark event in the tumultuous journey of recovering assets from a failed exchange. However, it would be naive to herald this as an unqualified success. While the initiation of the claims process is a welcome development