In a surprising turn of events, the proposal to restore 70 billion CRO tokens burned in 2021 has met with overwhelming resistance from the Cronos community. Current voting statistics reflect that a staggering 87% of participants have rejected this initiative. This pushback highlights a significant fissure within the ecosystem, as community members grapple with the
Exchanges
On March 17, the CME Group announced its intentions to launch futures for Solana (SOL), pending regulatory approval. This move has been met with enthusiasm in the cryptocurrency community, reflecting a tangible shift in market dynamics. As centralized exchanges continue to expand their offerings, the introduction of Solana futures is a response to increasing demand
Dunamu Inc., the parent organization behind Upbit, South Korea’s foremost cryptocurrency exchange, has found itself at odds with the nation’s Financial Intelligence Unit (FIU). The conflict arose when Dunamu filed a lawsuit aimed at nullifying a suspension order imposed by the FIU. This legal skirmish highlights the intensifying scrutiny imposed by South Korean authorities on
In a recent public statement, Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, raised significant concerns regarding the regulatory practices of the U.S. Securities and Exchange Commission (SEC). Following the SEC’s decision to halt its investigation into Gemini without filing any charges, Winklevoss has taken the opportunity to advocate for not only compensation for the
The recent hacking incident involving Bybit, wherein a staggering $1.4 billion was stolen, has sent shockwaves through the cryptocurrency community. Bybit announced that its platform was not directly compromised; instead, the breach occurred due to a vulnerability in a developer’s machine associated with the Safe project. In an age where digital transactions are becoming increasingly
In the volatile world of cryptocurrency exchanges, the importance of trust and support among peers can never be overstated, especially during times of crisis. Bybit, a prominent player in the market, found itself in a precarious position recently due to a significant security breach. The incident saw around $1.4 billion being compromised, which prompted immediate
In a significant move to bolster its standing in the cryptocurrency market, OKX recently reached a monumental $500 million settlement with U.S. authorities. This outcome stems from the company’s admission of operating without the proper licensing across American borders, a violation that has raised serious compliance concerns. CEO Star Xu openly acknowledged the past shortcomings
In a significant move to strengthen its stance against Russian aggression amid the ongoing conflict in Ukraine, the European Union (EU) has expanded its sanctions to include Garantex, a Russian cryptocurrency exchange. This action is a part of the EU’s 16th sanctions package, which underscores the bloc’s commitment to countering Russian financial maneuvers, particularly those
Citadel Securities, a prominent player in traditional financial markets, is eyeing expansion into the realm of cryptocurrency market making. Reports from Bloomberg News on February 24 revealed that the firm aims to enhance liquidity on major cryptocurrency exchanges including Coinbase, Binance, and Crypto.com. This strategic pivot indicates Citadel’s intention to engage more actively in the
OX.FUN, a crypto derivatives exchange that has become intertwined with the infamous narrative surrounding Three Arrows Capital, has recently found itself engulfed in controversy. Linked to its co-founders—Su Zhu and Kyle Davies—this exchange faces serious allegations of financial misconduct that resonate deeply within the cryptocurrency community. The unfolding drama began with claims that OX.FUN withheld